Charlty Registration Number: NIC105443 The Parish of Enniskillen St. Macartin's Cathedral, Enniskillen Trustees, Annual Report and Financial Statements For the year ended 31 December 2022 CavanaghKelly"
The Parish of Enniskillen St. Macartin's Cathedral, Enniskillen Contents Page Reference and Administrative Details Trustees, Annual Report Independent Examlner's Report 9-10 statement of Flnanclal Actlvltles li Statement of Financial Position 12 Notes to the Financial Statements 13-22 CavanaghKelly'
The Parish of Enniskillen st. Macartin's Cathedral, Enniskillen Reference and administrative details Board of Trustees I Select Vestry Very Rev Kenneth RJ Hall, Chalr Mr David P Clèrke Mr Nathan Clyde Mr Richard G Cochrane Mrs Linda Corrigan Mr David Graham Mr George Irvine Mr Noel B Johnston Mr MJ Ivan Kee Mrs E Hope Kerr Mrs Llnda Kingston Mr Samuel B Morrow Mr Stephen Richmond Mr Karl Saunders Miss Alanna Williamson Mrs Audrey Wllliamson Mr Jonathan W Woods Rev Chrlstopher West Prlnclpal office bearers Rector Very Rev Kenneth RJ Hall Honorary Treasurer Mrs E Hope Kerr lonorary Secretary Mr Samuel B Morrow Church Wardens Rector's Mr Nathan Clyde People's Miss Alanna Wllllamson Glebe Warttens Kecrorfs Mr George Irvlne People's Mr Noel B Johnston Reglstered offi¢¢ st. Macartin's Deanery 13 Church Street Enniskillen Co Fermanagh BT74 70W Charlty registration number NIC105443 Independent examiners CavanaghKelly 36-38 Northland Row Dungannon Co Tyrone BT71 6AP Bankers Danske Bank 24 Townhall Street Enniskillen Co Fermanagh 8f/4 7BB First Trust Bank 214 East Bridge Street Enniskillen Co Fermanègh BT74 7BT cavanaKellY,
The Parish of Enniskillen St. Macartin's Cathedral, Enniskillen Trustees, Annual Report For the year ended 31 December 2022 The Trustees present the annual report and accounts for St. Macartln's Cathedral, Ennlsklllen Parish, Enniskillen for the year ended 31 December 2022. Rèferenca and Administration Details The reference and administration details of the charity are as shown on page 3. Objectives and activities The charltable purpose of the Church of Ireland is the advancement of religS0n. The parlsh objectlves are encapsulated In its vlslon statement which Is 'St. Macartln's at The Heart of the Community, Strenghtening Commitment, Outreach, Worship and Christian Love".The princi pal function of St. Macartin's Cathedral, Enniskillen is to 5UPPOrt the advancement of the Chrlstian rellglon by promotlng, through the work of the parlsh the whole mlsslon of the Chu rch, pastoral, eva ngelistic, social and ecumenical, being open to and engaging with society a5 a whole, All actlvltles undertaken further the charSty's purpose for Publlc Benefit. As a result of activity In the pursuit of the advancement of the Chrlstlan rellglon, the parlsh has custody of property and of records, materials and artefacts of signiflcance to the cultural and religious heritage and malntenance of which 15 undertaken by the select vestry of the parlsh. Achievements and Performance St. Macartin's Cathedral, Ennisklllen has a clear Anglican Identity, and during 2022 It held approximately 150 servlces of dlvine worship of Holy Communion, Morning and Evening Prayer. In addition Harvest Thanksgiving, Chrlstmas and Easter are celebrated as well as commemoratlon of slgnlflcant hlstorlcal events. Some of these servlces used zoom technology owlng to COVID restrlctions. In 2022 the parlsh held 26 burlals, 8 baptlsms, 8 weddlngs and 26 conflrmatlons. Pastoral support to pa rishioners was provided through the ministry of the Dean and the Dlocesan Pastoral Assistant. Public beneflt in St. Macartin's Cathedral, Enniskillen In addition to divine worship 15 achieved through a wide variety of actlvities that take place throughout the year In the Cathedral Hall. The groups whlch meet cater for all ages and a wlde varlety of Interests. The parlsh supports those In need wlth Its outreach mlsslon both at home and abroad. St. Macartin's Cathedral, Enniqkillp_n has a strong musical and choral tradition with the Cathedral cholr contr5buting to the worshiplng life of the parish and dlocese. The parish provides minlstry to young people in Sunday Light5, Sunday Lights Café, Messy Church, Xplore and a Confirmatlon class as well as Its Ralnbows, Brownies, Guldes, Beavers, Cubs and Scouts. The Nothers, Union provides a meeting opportunity for women of the parish. The Bowling Club provides recreation for interested members of the parish and the community. Community outreach is provided to the elderly through the Tuesday Club. A new Parenting and Well ness Group has been formed durlng the year. CavanaghKelly'
St. Macartin's Cathedral, Enniskillen Trustees, Annual Report For the year ended 31 December 2022 Three Select Vestry members serve on the Boards of Governors of local schools. In additlon the clergy lead assemblies in local schools. The parish enjoys very good community relatbons with all Its neighbouring churche5 and has a particularly strong link wlth the local Roman Catholic parish of St. Michael's, Enniskillen and Its clergy. St. Macartin's Cathedral, Enniskillen adheres to Safeguarding Trust Regulations, Data Protection Laws and the Church of Ireland Child Protection Policy. Publlc Beneflt Statement The expression of the precepts of the ChrSstSan rellglon through engagement wlth the general publSc, and In pa rtlcular with the dlsadvantaged, the slck, the elderly and the young is a public beneflt. This can be measured and evldenced through increased social integration and pastoral care delivered at the point of need. The direct benefit of particl patlon i n Church life includes the enjoyment of public worship and the givlng and receivl ng of pastoral ministry, Improved understanding of the values relatlng to civic engagement, communlty cohesion a nd providlng a bridge between diverse group5 as well as Improved educatlonal outcomes through the Church's mlnlstry of teachlng. The benef Iclarles are the general publlc, and the public valuatlon of the beneflts can be evldenced through attendance at publlc worshlp, partlclpatSon In Church governance and wlllingness to support through contributlon5 the contlnuln9 Wltne5s of the Church. The wlder benefit to the public will outweigh any detriment arisi ng I n the course of Chrlstlan outreach. Any private benefit arlsing OLtt of the fulf Ilment of our Chrlstian mlni5try or to lay staff is essentlal to the fulfllment of the purpose of the advancement of religion. No Trustee recelves remuneration, reward or other prSvate benefit for carrylng out thelr Trustee responsiblllty. The dlrect benefits flowlng from thls purpose Snclude the provlslon of archlve records, publlc enjoyment of cultural and historic buildings and artefacts such as church plate, furnishlngs and materials as well as an overall Improved appreciation of longstanding Christian heritage. Thls Is demonstrated through on-going provision of access to records and the use made of these records In, for example, research and genealogy, through conservatlon efforts In respect of records, property and artefacts and the subsequent and contlnued requests for access and use of our materla15 by wlder soclety. There Is no harm arlslng from the purpose. The beneflclaries are the general publlc. No prlvate beneflt Is recelved by trustees fulfllllng thelr trustee responsibilities In respect of these records, buildings or artefacts, but in the course of conservation and to make these accessible to the public, the engagement of professional staff and services Is essential but Incldenta I to the fulfilment of the purpose. The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on publlc benefit to ensure that the activities entered Into during the year have helped to achieve the Pari5h'5 objectives as well as providlng public beneflt I n the year ended 3 1 December 2022. The Trustees of the parish confirm that they have complied with their duty under section 4lb) of the Charltles Act (Northern Ireland) 2008 to have regard to the Charity Commlssion for Northern Ireland's quldance on public benefit and that the publlc benefit requlrement ha5 informed the activlties of the charity in the year ended 31 December 2022. CavanaghKelly'
st. Macartin's Cathedral, Enniskillen Trustees, Annual Report For the year ended 31 December 2022 Financial Performance The trustees are satlsfied that St Macartin's Cathedral, Enniski Ilen Parish remains in a sound financial posltion at the year end. The results for the year are set out in detail on page 11 of the accounts. Reserves Policy The Trustees do not have a formal reserves policy. However, they must ensure that the church has sufflcient resources. It Is consldered good practice to seek to build flnancial reserves whlch will enable the church to meet future committments or unforeseen expenses without a negatlve impact on the abi lity to deliver servlces n the manner planned. By holding reserves, the church wlll be able to absorb setbacks and take advantage of change and opportunlty as well as demonstrate a plan for vlablllty beyond the Immedlate future and provide rel lable services over the longer term. Golng Concem The Trustees are satlsfied that St. Macartln's Cathedral, Ennisklllen Parlsh can continue its activities and that the financlal report for the year ended 3 1 December 2022 can be signed off as a going concern, Strurture, Governance and Management Governing Document and Constitution of th• Charity Chapter 111 of the Constltutlon of the Church of Ireland governs Parlshes and Parochial Organlsation. The Select Vestry member5 are the Charity Trustees. Recrultment and Appolntment of Select Vestry All members of the Church of Ireland who are over the age of eighteen, contribute a mbnimum of £50 per annum, and are elther resldent wlthin the parlsh or Ilve elsewhere but have been accustomed mem bers of the congregation for at least three months, may register as members of the genera I vestry of the parish, allowlng them to attend and vote at meetings of the general vestry and to stand for electlon to the select vestry, Meetings of the general vestry are held at least once a year. The select vestry Is elected as part of thls general vestry meeting. The select vestry members will hold their posltlons for a period of one year. Select vestry members may be re-elected annually and there Is no limit on the number of terms of office which may be served. Pay and remuneration The Rector and Dean, the Curate and the Pastoral Assistant are paid in accordance with figures approved by the Clogher Diocese and the General Synod of the Church of Ireland. CavanaghKelly'
St. Macartin's Cathedral, Enniskillen Trustees. Annual Report For the year ended 31 December 2022 Organisational strurture The selett vestry 15 responslble for the day to day management of the parlsh. The select vestry con51sts of the members of the clergy serving in the parish, the church wardens, the glebe wardens and not more than twelve other members of the general vestry elected at the General Vestry meeting. The select vestry Is chalred by the Incumbent or another member of the clergy off iclating In the parish. Select vestry members are responsible for making decisions on matters of general concern and importance to the parish I ncludlng deciding how pa rish funds are to be applied. The select vestry meets monthly except In July and August. Speclal meetlngs may be convened at anytlme by the chalrperson or church wardens. In 2022 the select vestry met ten tlmes and the average attendance was 94Vo. statement of Trustees, Responsibllltles The trustees are responsible for preparlng the Trustees, Annual Report and the Flnancial Statements Sn accordance wlth applicable law and United Klngdom Accounting Standards (Unlted Klngdom Generally Accepted Accountlng Practice). The law appllcable to charltles In Northern Ireland requlres the trustees to prepare flnanclal statements for each flnanclal year whlch glve a true and falr vlew of the state of affalrs of the charlty and of the Incomlng resource5 and appllcation of resources of the charlty for that perlod. In preparln9 these financlal statements, the trustees are required to: select suitable accountlng policies and then apply them consistently, observe the methods and prlnclples in the Charltles SORP {FRS 102). make Judgements and estimates that are reasonable and prudent. state whether appllcable accounting standards have been followed, subject to any material departures disclosed and explained In the financial statement5,' prepare the flnancial statements on the golng concern basls unless It is Inapproprlate to presume that the charlty will conti nue in operation. The trustees are respon51ble for keeplng proper accountlng records that are sufflclent to show and explaln the parish's transactions and dlsclose wlth reasonable accuracy at any tlme the flnanclal positlon of the parish and enable them to ensure that the flnancial statements comply wlth the Charitie5 Act (Northern Ireland) 2008, the Charitles (Account5 and Reports) Regulations (Northern Ireland) 2008 and the provisions of the Constitution of the Church of Ireland. They are also responsible for safeg uarding the assets of the parish and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. CavanaghKelly'
St. Macartin's Cathedral, Enniskillen Trustees, Annual Report For the year ended 31 December 2022 Statement as to disclosure to our Independent Examiners In so far as the trustees are aware at the time of approving our Trustees, Annual Report: there Ss no relevant information of which the parish's independent examlner is unaware. and the trustees have taken all Steps that they ought to have taken to make themselves aware of any relevant Informatlon and to establish that the parish's independent auditor Is aware of that information. Independent Examlners CavanaghKelly, Chartered Accountants, have Indlcated thelr wllllngness to contlnue In offlce and a re501utlon concernlng thelr reappolntment wlll be proposed at the Easter Vestry Meetlng. Thls report was approved by the Board of Trustees on and signed on Its behalf by.. Very Rev Kenneth RJ Chalr Mrs Hope Kerr Honorary Treasurér Samuel B Morrow Honorary Secretary CavanaghKelly'
The Parish of Enniskillen st. Macartin's Cathedral, Enniskillen Independent Examiners, Report to the trustees on the financial statements for St. Macartin's Cathedral, Enniskillen For the year ended 31 December 2022. We report on the accounts of the charlty for the year ended 31 December 2022 whlch are set out on pages 11-22, Respectlve Responslbilities of Trustees and Independent Examlner As the charity's Trustees, you are responslble for the preparation of the accounts in accordance with the requi rements of the CharStles Act (Northern Ireland) 2008. It is our responsibility to: examine the accounts under section 65 of the Charltles Act {Northern Ireland) 2008; b} follow the procedures lald down i n the general dlrectlons glven by the Charlty Commlsslon for Northern Ireland u nder section 65(9){b) of the Charities Act (Northern Ireland) 2008. and c) state whether particular matters have come to your attention. Basls of Independent Examlner's Report We have examined your charity's accounts as required under sectSon 65 of the Charities Act (Northern Ireland) 2008 and our examination was carried out in accordance with the general directions glven by the Charity Commission for Northern Ereland under sectlon 65(9){b) of the Charitie5 Act (Northern Ireland) 2008. The examlnation included a revlew of the accounting re¢ord5 kept by the charity and a compari50n of the accounts presented with those records. It also includes consideration of any unusual Items or disclosures in the accounts, and seeking explanations from you as charity Trustees concerning any such matters. Our role Is to state whether any materlal matters have come to our attention giving us cause to believe: a) That accounting record5 were not kept In accordance wlth section 63 of the Charlties Act (Northern Ireland) 2008; or b) That the accounts do not accord wlth those accounting records. or c) That the accounts do not comply with the accounting requirements of the Charities Act (Northern Ireland) 2008; or d) That there is further information needed for a proper understanding of the accounts to be reached. CavanaghKelly'
st. Macartin's Cathedral, Enniskillen Independent Examiners, Report to the trustees on the financial statements for St. Macartin's Cathedral, Enniskillen For the year ended 31 December 2022. Independent Examlner's Statement We have completed our examination and have no concerns In respect of the matters listed above and, in connection with following the directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention. CavanaghKelly Chartered Accountants & Statutory Audltors l Broadmeadow Place Enniskillen Co Fermanagh BT74 7HR Date: 09 March 2023 CavanaghKelly' io
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The Parish of Enniskillen st. Macartin's Cathedral, Enniskillen statement of Financial Position As at 31 December 2022 2022 2021 Notes Flxed Assets Tang1ble flxed assets Investment Properties Investments Total fixed assets li 12 13 2,566,895 170,221 228 854 2 965 970 2,566,895 158,345 246 642 2 971 882 Current assets Recelvables Cash at bank and In hand Total current assets 14 90,036 336 440 426,476 56,541 467 406 523,947 Payables - amounts falllng due wlthln one year 15 (3,840) {150,533) Net current assets 422 636 373 414 Total assets less Ilalbllltles 3 388 606 3 345 296 Unrestrlcted Funds General Designated Total unrestrlcted funds 3,109,861 3,087,522 3,109,861 3,087,522 Restrlcted Funds 278,745 257,774 Endowment funds Total charity funds 16 3 388 606 3 345 296 The notes on pages 13 to 22 are an integral part of the flnancial statements. These flnanclal statements were approved by the Board of Trustees on and slgned on Its behalf by: Very Rev Kenneth RJ Chair Mrs Hope Kerr Honorary Treasurer Samuel B Morrow Honorary Secretary CavanaghKelly' 12
The Parish of Enniskillen St. Macartin's Cathedral, Enniskillen Notes to the Financial Statements For the year ended 31 December 2022 I. GENERAL INFORMATION St. Macartin's Cathedral, Enniskillen Parish is a Church of Ireland parish registered as a charity in Northern Ireland. The address of the registered office is as shown on page 3. The parlsh constitutes a publ1¢ benefit entity a5 defined by Charities (SORP) FRS 102. 2. ACCOUNTING POLICIES The prlnclpal accountlng pollcles adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: 2.1 statement of Compllance The financial statement5 have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102) Issued on 16 July 2014 (as updated through Update Bulletln I publlshed on 2 February 2016>, the Financial Reportlng Standard applicable In the United Kingdom and Republic of Ireland {FRS 102} and UK Generally Accepted Practlce as It applies from l January 2015. 2.2 Basls of Preparatlon The flnancial statements have been prepared on a golng concern basis under the historical cost conventlon unless otherwise stated in the relevant accounting policy. Historical cost 15 generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dea ling with items which are considered material in relation to the charity's financial statements. 2.3 Preparation of accounts on a going concern basis The parish generally meets it5 day to day working capital requirements from its annual income. The Trustees continually review the the parish's finances and are satisfied that the parish ha5 resources to provide a reasonable expectation that it can continue to meet its financial obligations as they fall due for the foreseeable future. Therefore these financial statements have been prepared on a going concern basis. 2.4 Cash Flow Statement The charity ha5 applied Update Bulletin l as published on 2 February 2016 and does not include a cash flow statement on the grounds that it Is applying FRS 102 Section IA. CavanaghKelly' 13
St. Macartin's Cathedral, Enniskillen Notes to the Financial Statements For the year ended 31 December 2022 .continued. 2.5 Income Plate Collection5, Freewill Offerlngs, Graveyard Income, Hlre of hall and Donations are accounted for on a cash receipts bashs as the amounts are collected. Leqacies are included in Income according to the terms under which the donatlon is made and when the amount can be quantified with reasonable certainty. Income received from charltable activities Includes Special Servlce Collections which are accounted for on a cash receipts basis as the amounts are col lected. Miscellaneous income primarily refers to VAT reclaimed under the Listed Place5 of Worship VAT Scheme and relate5 to the roof work completed over the last couple of years. It has also been accounted for on a cash receipts basis. 2.6 Expendlture Expendlture Is recognlsed once there Is a legal or constructive obligatlon to make a payment to a thlrd party, It Is probable that settlement wlll be required and the amount of the obllgatlon can be measured reliably. Irrecoverable VAT Is charged as a cost agalnst the actlvlty for which the expenditure was I ncurred. 2.7 Tangible fixed assets The assets of the parish comprise.. Cathedral buildlng and graveyard; Cathedral hall; Deanery; Curatage; Caretakers/ Verger's resldence and 20 Breandrum Court The church building and graveyard are deemed to be Heritage Assets as defined by the Charlties SORP (FRS 102). These heritage assets are not included on the balance sheet as information on the cost or valuation is not avallable and such informatlon cannot be obtained at a cost commensurate with the benefit to the users of the account5 and to the parish. The Cathedral hall was built in the 1960's. It Is recognised at a deemed cost, being the fair value of the property at 31 December 2018. No depreciation has been provided on the hall as the current estimated residual value is not less than its carrying value and the remainlng useful life currently exceeds 50 years. CavanaghKelly" 14
St. Macartin's Cathedral, Enniskillen Notes to the Financial Statements For the year ended 31 December 2022 .continued. The Deanery and other properties are recognised at deemed cost, being the estimated fair value of the property at 31 December 2018. No depreciation has been provided on these buildings as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. Small items of fixtures, fittings and equipment under £1,000 are wrltten off as an expense in the year of purchase, 2.8 Investments Fixed asset investments comprising investment properties, Investments In equities and investment in RCB Unit Trusts are initially recorded at C05t and are then subsequently stated at fair value at each balance sheet date. Investments in unquoted investments are recorded at cost and are assessed annually for impairment. Unrealised gain5 and losses represent the difference between the fair value at the beginnlng and end of the financial year or, if purchased in the year, the difference between cost and fair value at the end of the year. Reali5ed gains and losses represent the difference between the proceeds on disposal and the fair value at the start of the year or cost if purchased in the year. Both realised and unrealised gains a nd losses in investments are reported wlthln 'Net Gains / (Losse5) on Inve5tmentS" Wlthin the Statement of Financial Activlties. 2.9 Cash and cash equivalents Cash and cash equlvalents Includes cash in hand, deposits held at call wlth banks, other short-term hlghly liquid investments and bank overdrafts. 2.10 Flnanclal Instruments The Parish only has financial assets and financial liabilities of a kind that qualify as basic financial i nstruments. Basic financial instru ments are initially recognised at transaction price and subsequently measured at their settlement value. 2.11 Fund Accounting Funds are classlfled as elther restricted or unrestricted, defined as fol lows.. Restricted funds are funds subject to specific requirement5 as to theii- use TrNhich may be declarèd by Llie donor or with their aLSthority or created through legal processes, but still within the wider objects of the parish. Endowment funds are funds which have been given on the condltlon that the origlnal capital sum Is not reduced but the income is used for the purpose defined in accordance with the objects of the parish. CavanaghKelly" 15
St. Macartin's Cathedral, Enniskillen Notes to the Financial Statements For the year ended 31 December 2022 .continued. Unrestricted funds are expendable at the discretlon of the trustee5 In furtherance of the objects of the charity. If parts of the unrestricted funds are earmarkeé at the discretion of the trustees for a partlcular purpose, they are deslgnated as a separate fund. Thls deslgnation has an administrative purpose only and does not legally restrict the trustees, dlscretion to apply the fund. 2.12 Taxation As a charity the parish Is not Ilable to Income or Corporation Tax. Crltlcal accountlng Judgements and estlmatlon uncertalnty There are no estimates or critlcal accounting Judgements made in the process of preparing the flnancial statements for the year. CavanaghKelly" 16
St. Macartin's Cathedral, Enniskillen Notes to the Financial Statements For the year ended 31 December 2022 .contlnued. 5. lrtcome Unrestrlcted Restrlcted Endowment Funds Funds Funds 2022 2022 2022 Total Unrestrlcted Restrlcted Endowm•nt Funds Fund5 Funds 2021 2021 2021 Total 2022 2021 5.1 Donatlong and l¢gacles Freewlll offerlngs Plate collectlon5 Harvest collettSons Glft ald tax rebate Donatlon5 and legacles Redecoratlon fund Mlsslon Outreach Blshops. Appeal Dean's Slt Out Graveyard Wall fund Fabrlc Fund Cathedr41 organ fund Choral Scholarshlp fund Koof fund Koof lund - VAT reclalm Mlscellaneous 147,754 5,804 7,615 33.092 [47,754 5,804 7,615 33,oa?. 26,122 7,680 18,689 2,966 14,470 5,348 23,579 15,281 9,610 2,210 57,315 1,040 378.575 140,570 2,512 140,570 2,512 10,068 62,779 284,768 10,068 ?4,000 6,776 37,779 260 26,122 7,680 5,138 2,966 14,470 5,348 23,579 15,281 9,610 2,210 57,315 1,040 170,759 13,551 11,531 1,500 loo 11,531 loo 5,920 3, 100 1,000 266,212 5,920 3, 100 1,000 45 192,697 2,090 321,766 2,135 524,483 207,816 Unr•#trlct•d R•$trlct•d Endowm•nt Fundi Fundj Fund$ Total Unr•strlct•d R•itrlcted Endowment Fund• Fundj Fund• Tot41 2022 2022 2022 2022 2021 2021 2021 2021 5.2 Other tr•dlng •¢tlvltl•i Hlre of hall Archlve 14, l97 14,197 6,288 850 6,288 Rent of curatage Rent of dlocesan omce Carpark Intome prtntlng and photocopylng 8ook sales Hlstory Book 5ale5 4,950 6,566 1,260 114 183 337 20,548 4,950 6,566 1,260 114 183 337 20,548 4,92S 1,34S 536 546 120 21,669 4,925 1,345 536 546 120 21,669 Unre$trlcted Re$trlcted Endowm•nt Funds Funds Funds Total Unregtrlcted Restrlrted Endowmtnt Funds Funds Fund$ Total 2022 2022 2022 2022 2021 2021 2021 2021 5.3 Envestments RCB Dlstrlbutlgn Bank deposlt Interest Rent Breandrum Court 6,127 6, 127 718 4,800 11,645 5,856 5,856 827 4,800 11,483 718 827 4,800 10,927 4,800 10,656 718 827 UTrre5trlrted Restrlcted EndowmgtTrt Funds Funds Funds Total Unrestrlcted Restrlcted Endowment Funds Funds Fund5 Total 2022 2022 2022 2U22 2021 2U21 2021 zozi 5.4 Charltable a¢tlvltl¢s Speclal Servlce Co11ectlons 17,677 17,677 83 586 669 17,677 17,677 83 586 669 Total Incomo 240 412 189 154 429 566 223 984 323 179 557 183 CavanaghKelly' 17
St. Macartln's Cathedral, Ennisklllen Notes to the Financial Statements For the year ended 31 December 2022 6. Expendlture Unrestricted Restrlrted Endow Funds Funds ment Funds 2022 Total unrestricted Restricted Endow Funds Funds ment Funds 2021 Total Notes 2022 2022 2022 2021 2021 2021 Charltable activltles DSocesan a55e5sment Parlsh Curates Dlocesan Pastoral A5SiStant Wages and salarles Cathedral bullding and grounds Deanery and grounds Hall and grounds Other propertles Charltsble donatlons Mlsslon outaCh 55,Ok9 30,345 55,019 30,345 57,740 57,740 62 23,065 62 io 23,065 22,863 22,863 21,468 8,956 21,586 4,744 361 L39,111 160,579 8,956 21,586 4,744 361 11,332 12,333 9,769 5,481 861 433,466 444,798 12,333 9,769 5,481 861 12,912 14,037 4,521 17,433 L4,037 13,312 12,935 1,500 14,812 12,935 Insurance Postage, statSonery photocopying and computer costs Mlnlbus expenses Bank charges Accounts Independent examlnatlon VAT servlce5 regardlng VAT reclalm 10,471 10,471 2, 179 767 7,362 202 7,564 1,731 778 2,179 767 1,731 778 3,780 3,780 3,600 3,600 600 600 666 2,550 924 615 3,000 6,000 3,780 855 4,401 PAYE servlces Gratultles and G1ft5 Dean's expense5 Llcences Bishop's Appeal Dean's Sit Out Choral scholarshlp Fund Books for resale Repayment of speclal Mlscellaneous expenses 606 4,180 994 1,589 606 4,180 994 1,589 2,550 924 615 3.000 6,000 3,780 855 3,315 891 784 3,315 891 4,401 784 212,161 168,183 380,344 166,460 444,807 611,267 CavanaghKelly'
St. Macartin's Cathedral, Enniskillen Notes to the Financial Statements For the year ended 31 December 2022 .contlnued. 7. Expendlture Unre$trl¢ted Restrlcted Endowment Fund$ Funds Funds 2022 2022 2022 Total Unr85trlcted Re5trlcted Endowment Funds Funds Funds 2021 2021 2021 Total 2022 2021 7.1 Cathedral bulldlng and grounds 1,518 6,734 ¥y 1,518 6,734 tStsy 1,022 3,969 I,iio 1,022 3,969 I,iiv 901 14,481 5,231 Telephone Flowers Organ and Cholr costs Repalrs and malntenance Graveyard fund Redecoratlon fund Roor rund Capltal eosts Ichalrs, sound system, Ilghts and screens, ard rnachlnel Communlon Wlne 283 9,985 283 9,985 IL,587 881 63,479 50,647 901 14,481 11,587 5,231 881 63,479 50,647 418,084 418,084 356 384 21,468 13,836 14, 192 384 160,579 139,111 11,332 433,466 444,798 Unr•strlct*d Restrlct¢d Endowment Funds Funds Funds 2022 2022 2022 Total Unrestrlrt•d R•strlct•d Endowment Funds Fund$ Funds 2021 2021 2021 Total 2022 2021 7.2 Deanery ynd grounds Rates 1,511 1,430 3,904 1, 104 1,511 1,430 3,904 1,104 1,493 1,387 2,551 1,031 1,493 1,387 2,551 1,031 Telephone Repalrs and m3lntenènce 8,956 8,956 L2,333 12,333 Unr•$trl¢ted R¢$trlcted Endowment Funds Funds Funds 2022 2022 2022 Total UnrestrSet•d R•strlct•d Endowment Funds Funds Funds 2021 2021 2021 Totsl 2022 2021 7.3 Hall and groundg Electrlclty 5,618 8,508 3,533 2,067 5,618 8,508 3,533 2,067 1.860 21,586 2,038 3,353 1,738 2,640 2,038 3,353 1,738 2,640 Telephone Repalrs and malntenance Capltal costs ItabSesl 21,586 9,769 9,769 Unregtrlcted Restrlrted Endowment Funds Funds Funds 2022 2022 Total Unrèstrlct•d Réstrlci•d Endowment Funds Funds Fund$ 2021 Total 2022 2022 2021 2021 2021 7.4 oth¢r prop•rtles Rates 1,843 1,843 1,821 io 622 1,898 1.130 5,481 1,821 io 622 1,898 1,130 5,481 Repalr5 and rnalntenance Caplial costs 2,901 2,901 4,744 4,744 CavanaghKelly' 19
St. Macartin's Cathedral, Enniskillen Notes to the Financial Statements For the year ended 31 December 2022 .continued. Galn / (loss) on Investment Assets 2022 2021 Fair value (losses) / gains on RCB investments Fair value gains on property investments (17,788) 11,876 29,308 20,337 (5,912) 20,337 The falr value of the RCB Investments IS taken from the RCB market value report as at 31 December 2022. The fair value of the property investments is determined by the Trustees, based on the Insured value of the properties as at 31 October 2022. 9. Taxatlon St. Macartln's Cathedral, Ennisklllen Parlsh is recognised as a charlty for the purposes of appllcable taxation leglslation and is therefore not subject to taxation on its charitable activities. 10. Analysls of staff Costs 2022 2021 Wages and salaric Employer pension contributions 22,757 308 23,065 22,559 304 22,863 The average number of employees during the year was 2 (2021.2). ii. Tangible flxed assets Bulldlngs Total Cost At l January 2022 At 31 December 2022 2 566 895 2,566,895 2 566 895 2 566,895 Net book value at l January 2022 2 566 895 2 566 895 Net book value at 31 December 2022 2,566,895 2 566,895 Tangible fixed assets are recognised at their deemed cost. CavanaghKelly' 20
St. Macartin's Cathedral, Enniskillen Notes to the Financial Statements For the year ended 31 December 2022 .continued. 12. Investment Properties 2022 2021 At l January Fair value galn At 31 December 158,345 138,008 170 221 158 345 The year-end valuation of the investment properties Is based on insurarice value at O¢tober 2022. 13. Investments 2022 2021 At l January Falr value galn / {loss) At 31 December 246,642 217,334 228 854 246 642 Investments are stated at their market value. 14. Recelvables 2022 2021 Glft Ald Taxes repayable 88,925 55,835 707 15. Payables - due wlthln one year 2022 2021 Accruals Creditors 3,840 3,900 146 633 150 533 16. Analysls of Net Assets Among Funds Unrestricted Funds 2022 Restricted Funds 2022 Endowment Funds 2022 Total Total 2022 2021 Tangible Fixed A55ets Investment Properties Investments Current Asset5 Recelvables Cash at bank and In hand Payable5 Net Assets at 31 December 2,566,895 170,221 199,318 2,566,895 170,221 228,854 2,566,895 158,345 246,642 29,536 50,227 127,040 39,809 209,400 90,036 336,440 56,542 467,405 150 533 3 345 296 3 109 861 278 745 3 388 606 CavanaghKelly' 21
- Analysis of reservo funds Opening balance Income Expenditure Transfer between funds Closing balance General Parish fund Special Collections Parish magazine Bishops, Appeal Mission outreach fund Webcam and electronics Cholr Ilghts Dean's Sit out Cathedral chairs Cathedral paths and garden Graveyard wall fund Fabrlc fund Redecoration fund Choral Scholarship fund Minlbus Fund Flower fund Cathedral organ fund Bowls fund Roof repalr fund 9,969 1,564 15,757 17,677 2,492 2,966 5,138 1,200 2,000 14,470 5,700 300 5,348 23,579 7,680 9,610 181 250 15,281 {4,991 } {4,40 1 } {200} {3,0001 {4,5211 {4,219} {1,7771 {6,0001 {7,840) (5,353) 15,382 14,840 2,292 66 617 loo 3,019 223 8,470 2,140 300 4,467 207,359 (8811 239,579 (55,799) 55,799 (63,479) {3,7801 {2,1791 (2831 {9,985) 5,830 1,998 4,758 4,725 5,296 1,804 {1,804) 59,525 (50,6471 8,878 Total restrlcted funds 257,774 189,154 (168,183) 278,745 Unrestrlcted funds 3,087,522 240,412 (218,073) 3,109,861 Total funds 3 345 296 429 566 386 256 3 388 606 CavanaghKelly" 22