THE PARISH OF ENNSII(ILLEN ST. MACARTIN'S CATHEDRAL ENIYISKILLEN cItURCH OF tRELAND AI¥NUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CHARITY NUIVIBER: NIC105443 HASSARD MCCLEMENTS LIMITED CHARTERED ACCOUNTANTS AND REGISTERED AUDITORS 32 EAST BRIDGE STREET ENNISKILLEN COUNTY F[RJAGll BT74 7BT
THE PARISH OF EfANISKtLLEN ST. MACARTIN'S CATHEDRAL ENNISKILLEN ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR EIYDED 31 DECEMBER 2023 CONTENTS References and Administrative Details Trustees. Annual Report Independent Examiner's Report to the Trustees Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements 9-18
THE PARISH OF ENNISKILLEN ST. MACARTIN'S CATHEDIL4L ENNISKJLLEN REFERENCES AND ADMINISTII4TIVE DETAILS FOR THE YEAR ENDED 31 DEt CEMBER 2023 Charity Registration Number: NIC105443 Registered Office: St. Macartin's Deanery 13 Church Street Enniskillen County Fernianagh BT74 7DW Trustees Very Rev Kenneth R J Hall, Chair Mr David P Clarke Mr Nathan Clyde Mr Richard G Cochrane Mrs Linda Corrigan Mrs Vanessa Elliott Mr Arnold Graham Mr David Graham Mr George Irvine Mr Noel B Johnston Mr MJ Ivan Kee Mrs E Hope Ke Mrs Linda Kingston Mr Samuel B mooW Mr Stephen Richmond Mr Karl Saunders Miss Alanna Williamson Mrs Audrey Williamson Mr Jonathan W Woods Principal Office-bearers Rector: Honorary Treasurer: Honorary Secretary: Church Warden - Rector's.. Church Warden - People's: Glebe Warden - Rector's: Glebe Warden- People's.. Very Rev Kenneth R J Hall Mrs E Hope Kerr Mr Samuel B mooW Mrs Vanessa Elliott Mr Arnold Graham Mr George Irvine Mr Noel B Johnston Independent Examiner Hassard Mcclements Limited 32 East Bridge Street Enniskillen County Fernianagh BT74 7BT Bankers Danske Bank 24 Townhall Street Enniskillen County Fernianagh BT74 7BB First Trust Bank 2/4 East Bridge Street Enniskillen County Fennanagh BT74 7BT Page I
THE PARISH OF ENNISKILLEN ST. MACARTIN'S CATHEDRAL ENISLLEN TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present the annual report and accounts for The Parisli of Enniskillen, St. Macartin's Cathedral for the year ended 31 December 2023. Objectives and Activities The charitable purpose of the Church of Ireland is the advancement of the Christian faith. The parish objectives are encapsulated in its vision statement which is "St. Macartin's at The Heart of the Community, Strengthening Commitment, Outreach, Worship and Christian Love" The principal function of St. Macartin's Cathedral, Enniskillen is to support the advancement of the Christian religion by promotin through the work of the parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical, being open to engaging with society as a whole. All activities undertaken fiffther the charity's purpose for th¢ Public Benefit. As a result of activity in the pursuit of the advancement of the Christian religion, the parish has custody of property and of records, materials and art¢facts of significance to the cultural and religious heritage and maintenance of which is undertaken by the select vestry of tlie parish. Achievements and Performance St. Macartin's Cathedral, Enniskillen, has a clear Anglican identity and during the year 2023 it held 189 services of divine worship of Holy Communion, Morning and Evening Prayer. In addition, Harvest Thanksgiving, Christmas and Easter are celebrated as well as comTnemoration of significant historical events. In 2023 the parish held 20 burials, 9 baptisms, 5 weddings and 23 confirn]ations. Pastoral support to parishioners was provided through the ministy of the Dean and Diocesan Pastoral Assistant. Public beneftt in St. Macartin's Cathedral Enniskillen in addition to divine worship is achieved through a wide variety of activities that take place throughout the year in the Cathedral Hall. The groups which meet cater for all ages and a wide variety of interests. The parish supports those in need with its outreach mission both at home and abroad. St. Macartin's Cathedral. Enniskillen has a strong musical and choral tradition with a large Cathedral choir contributing to the worshiping life of the parish and diocese. The parish provides ministry to young people in Sunday Lights, Sunday Lights Cafe, Messy Church, and a Confirniation class a5 well and its Rainbows, Brownies, Guides, Beavers, Cubs and Scouts. The Mothers, Union provides a meeting opportunity for the 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 and to younger members through the Parenting and Wellness Group. Three Trustees serve on the Boards of Governors of local schools. In addition the clergy lead assemblies in local schools. The parish enjoys very good community relations with all its neiohbouring churches and has a particularly strong link with 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. Page 2
Public BenefIt ststement The expression of the precepts of the Christian religion through the engatrement with the general public, and in particular with the disadvantaged. the sick, the elderly and the young is a public benefit. This can be measured and evidenced through increased social integration and pastoral care delivered at the point of need. The direct benefit of participation in Church life includes the enjoyment of public worship and the giving and receiving of pastoral ministy, improved understanding of the values relating to civic engagement community cohesion and providin8 a bridge between diverse groups as well as improved educational outcomes through the Church's ministry of teaching. The beneficiaries are the general public, and the public valuation of the benefits can be evidenced through attendance at publio worship, participation in Church governance and willingness to suppor¢ through contributions, the continuin(y witness of the Church. The wider benefit to the public will outweigh any detriment arising in the course of Christian outreach. Any private benefit arising out of the fulfilllment of our Christian ministy or to lay staff is essential to the fulfIllment of the puryose of the advancement of religion. No Trustee receives remuneration. reward or other private benefit for carrying out their Trustee responsibility. The direct benefits flowing from this purpose include the provision of archive reports, public enjoyment of cultural and historic buildings and artefacts such as the church plate, furnishings and materials as well as an overall improved appreciation of longstanding Christian heritage. This is demonstrated through on-going proviston of access to records and the use made of these records in, for example, research and genealogy, through conservation efforts in respect of records. property and artefacts and the subsequent and continued requests for aesS and use of our materials by wider society. Th¢re is DO harni arising from the PuOse. The beneficiaries arc the general public. No private benefIt is received by trustees lfIllIng their 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 incidental to the lfIl]ment of the purpose. The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities entered into during the year have helped to achiev¢ the Parish's objectives as well as providing public benefit in the year ended 31 December 2023. The Trustees of the parish confiTm that they have complied with their duty under section 4(b) of the Charities Act (Northern Ireland) 2008 to have regard to the Charity Commission for Northern Ireland's guidance on public benefit and that the public benefit requirement has infornied the activities of the charity in the year ended 31 December 2023. Financial Review The Trustees are satisfied that St. Macartin's Cathedral. Enniskillen, remains in a sound financial position at the year end. The results for the year are set out on page 7 of the accounts. Reserves Policy The Trustees do not have a fornial reserves policy" however, they must ensure that the church has sufficient resources. It is considered good practice to seek to build fInancial reserves which will enable the church to meet future commitments or unforeseen expenses without a negative impact on the ability to deliver services in the manner planned. By holding reserves. the church will be able to absorb setbacks and take advantage of change and opportunity as well as demonstrate a plan for viability beyond the immediate futyre and provide reliable services over the longer tenn. Going Concern The trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate funds in place to ensure that the Parish can continue its activities and the financial statements for the year end 31 December 2023 can be signed off as a going concern. Page 3
Structure, Governance and Management Governing Documenl and Constilulion oflhe Charity Chapter III of the Constitution of the Church of Ireland governs Parishes and Parochial Organisations. The Select Vesty members are the Charity Trustees Recruitment andAppointmeftt ofselecg Veslry All members of the Church of Ireland who are over the age of 18, contribute a minimum of £50 per annum, and are either resident within the parish or live elsewhere but have been accustomed members of the congregation for at least three months, may register as members of the General Vesty of the parish, allowing them to attend and vote at meetings of the General Vestry and to stand for election to the Select Vesty. Meetintrs of the General Vesty are held at least once a year. The Select Vesty is elected as part of this General Vesty meeting. The Select Vesty WAII hold tlieir positions for a period of one year. Select Vesty members may be re-elected annually and there is no limit on the number of tenns whtch may be served. Pay and remuneration The Rector and Dean, the Curate and the Pastoral Assistant each receive a stipend in accordance with figures approved by the Clogher Diocese and the General Synod of'the Church of Ireland and details of office and locomotory allowance. OrganisaÉional Structure The Select Vestry is responsible for the day-to-day manaLFement of the parish. In 2023 the Select Vesty consists of the member of the clergy serving in the parish. the church wardens, the glebe wardens and fourteen other members of the General Vestry elected at the General Vestry meeting. The Select Vesty is chaired by the Incumbent or other member of the clergy officiating in the parish. Select Vestry members are responsible for making decisions on matters of general concern and importance to the parish including deciding how parish funds are to be applied. The Select Vesty meets monthly except in January, July and August. Special meetings may be convened at any time by the chairperson or the churchwardens. In 2023 the Select Vesty met 8 times during the year. The average attendance was 800/0. Page 4
Statement of Trustees, Responsibilities The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and regulations. The law applicable to charities in the Northern Ireland requires the trustees to prepare financial statements for each fInancial year. Under that law the trustees have prepared the financial statements in accordance with Generally Accepted Accounting Practice in the United Kingdom (accounting standards issued by the Financial Reporting Council in the UK, including 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)" and promulgated by the Institute of Chartered Accountants in the United Kingdom and United Kingdom Law). Under that law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of the affairs of the charity and of the statement of financial activities of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them Consistently. make judgments and estimates that are reasonable and prudent. state whether the financial statements have been prepared in accordance with applicable Accounting Standards and identify the standards in question, subject to any material departures being disclosed and explained in the fInan¢ial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to PTesume that the Parish will continue as a going concern. The trustees are responsible for keeping accounting records that are sufficient to show and explain the Parish's transactions and disclose with reasonable accuracy at any time the financial position of the Parish and enable them to ensure that the financial statements comply with the Charities Act Oqorthern Ireland) 2008, the Charity (Accounts and Reports) Regulations (Northern Ireland) 2008 and the provision of the Constitution of thc Church of Ireland. They are also responsible for safeguarding the assets of the Parish and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement as to disc105ure to our independent examiner In so far as the trustees are aware at the time of approving our trustees, annual report: th¢re is no relevant infomiation of which the independent examiner is unaware. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant inforn]ation and to establish that the independent examiner is aware of that inforn]ation. Independent Examiner The independent eKaTniner, Hassard Mcclements Limited have indicated their willingness to continue in office, and a resolution concerning their reappointment will be proposed at the Annual Easter Vestry Meeting. On Behalf of the Trustee Ve Chair Kenneth R J Hall Mrs E Hope err Honorary Treasurer Samuel B Morrow Honorary Secretary tb Date: 4 March 2024 Page 5
INDEPENDENT EXAMINER'S REPORT TO THE CHARITY TRUSTEES OF THE PAIUSH OF ENNISKILLEN ST. MACARTIN'S CATHEDII4L ENNISKILLEN We report on the accounts of The Parish of Enniskillen, St. Macartin's Cathedral, Enniskillen for the year ended 31 December 2023, which are set out on pages 7 to 18. Respective responsibilities of the charity trustees and independent examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008, the Charities Act (Nortliern Ireland) 2013 and the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. The charity's trustees consider that an audit is not required for this year under section 65(2) of the Charities Act (Northern Ireland) 2008 and that an independent examination is needed. The Charity is preparing accrual accounts. It is our responsibility to: Examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008. Follow the procedures laid down in the Eeneral Dire¢tions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act (Northern Iieland) 2008. and State whether particular matters have come to our attention. Basis of independent examiner's report We have examined your charity accounts as required under section 65 of the Charities Act (Northern Ireland) 2008 and our 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 (Northern Ireland) 2008. Our 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. Our role is to state whether any material matters have come to our attention giving us cause to believe., l. That accountin4y records were not kept in accordance with section 63 of the Charities Act (Northern Ireland) 2008. 2. That the accounts do not accord with those aocounting records. 3. That the accounts do not comply with accounting requirements of the Charities Act (Northern Ireland) 2008" and 4. That there is further infonnation needed for a proper understanding of the accounts to be reached. Independent examiner s statement We have completed our examination and have no concerns in respect of the matters (l) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Irelan(L we have found no matters that require drawing to your attention. HASSARD MCCLEMENTS LIMITED CHARTERED ACCOUNTANTS AND REGISTERED AUDITORS 32 East Bridge Street Enniskillen County Fennanagh BT74 7BT th Date: 4 March 2024 Page 6
THE PARISH OF ENNISKILLEN St. MACARTIN'S CATHEDRAL ENNISKILLEN STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restricted Funds Funds 2023 2023 Endowment 2023 Total 2023 Total 2022 Note Income Donations and legacies Other trading activities Investments Charitable activities 251,687 32,264 13.090 135,220 560 386,907 32,824 13.090 10.457 378.575 21.669 11.645 17.677 10,457 Total Income 297,041 146,237 443,278 429,566 enditure on.. Charitable activities Total Ex enditure 252,416 252,416 99.271 99,271 3il,687 351,687 380,344 380,344 Transfers between fund$ Gains / (Losses) on investments 1.739 1,739 (5,912) Net movement in funds 46.364 46,966 93,330 43,310 Reconciliation of funds: Total funds brought forward 3,109,861 278,745 3.388,606 3,345.296 Total funds carried fonvard 3,156.225 325,711 3,481,936 3,388,606 Page 7
THE PAIUSH OF ENNISKILLEN St. IVIACARTIN'S CATHEDRAL ENNISKILLEN STATEMENT OF FINANCIAL posrrIoN FOR THE YEAR ENDED 31 DECEMBER 2023 Note 2023 2022 Fixed Assets Tangible fixed assets Investment properties Investments Total Fixed Assets 2,566.895 182,988 217,826 2,967,709 2,566,895 170,221 228.854 2.965,970 io Current Assets Debtors Cash and cash equivalents Total Current A55ets 25,943 494,372 520,315 90,036 336,440 426,476 Current Liabilities Creditors - amounts falling due within one year Tot81 CredAtors 12 6,088 6.088 3,840 3.840 Net Current assets 514.227 422,636 Total Net Assets 3,481,936 3,388.606 The Funds of the Parish Unrestricted Funds General funds Restricted Funds Endowment Funds Total Charity Funds 15 3.156,225 325,711 3,109.861 278.745 15 15 3,481,936 3.388.606 The notes on pages 9 to 18 are an integral part of thes¢ financial statements. The financial statements on pages 7 to 8 were approved by the Board of Trustees on 4th March 2024 and signed on its behalf by- Ver Rev Chair enneth R J Hall Mr$ E Hope Kerr Honorary Treasurer Samuel B Morrow Honorary Secretary Page 8
THE PARISH OF ENNIsLLEN ST. MACARTIN'S CATHEDRAL ENNISKILLEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 l. Accounting policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. a) Basis of preparation Th¢ financial statements have been prepared on a going concem basis in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reportincr Standard applicable in the UK and Republic of freland (FRS 102). The Parish meets th¢ definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost and transaction value unless otherwise stated in the relevant accounting policy note(s). b) Preparation of accounts on a going concerD basis The parish generally meets its day to day working capital requirements from its annual incorne. The Trustees continually review the parish's financ¢5 and are satisfied that the Parish has resour¢e5 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. c) Income Plate Collections, Freewill Offering5, Graveyard Income, Hall hire and Donations are accounted for on a cash receipts basis as the amount is collected. Le(racies are included in incoTne in accordance to the terms under which the donation is made and when the amount can be quantified with reasonable certainty. Incorne received from charitable activies includes Special Service Collections which are accounted for on a cash receipts basis as the amounts are collected. Miscellaneous income primarily refers to VAT reclaimed under the Listed Place of Worship VAT Scheme and relates to th¢ roof work completed over the last number of years. It has also been accounted for under a cash receipts basis. d) Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third paty, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure ivas incurr¢d. Page 9
THE PARISH OF ENNISKILLEN ST. IVIACARTIN'S CATHEDIUL ENNISKILLEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 e) Tangible assets The assets of the Parish comprise: - Cathedral building and graveyard Cathedral Hall - Deanery - Curatage Caretakers I Verger's residence - 20 Breandrum Court The Cathedral building and graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS 102). These Heritage assets are not included on the balance sheet &s information on the cost or valuation is not available and such inforn]ation cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish. The Cathedral hall was built in the 1960's. It is recognised at deemed cost, being the fair value of the propety at 31 Decernber 2018. No depreciation has been provided on the hall as ther current estimated residual value is not less that its carryino value and the remaining useful life currently exceeds 50 years. The Deanery and other properties are recognised at deemed cos¢ being the estimated fair value of the propety at 31 December 2018. No depreciation has been provided on these buildings as th¢ current estimated residual value is not less than its carryincr value and the remaining useful life Currently exceeds 50 years. Small items of fixtures. fittings and equiment under £1,000 are written off as an expense in the year of purchase. Investments Fixed Set investments ¢omprising investment properties, investments in equities and investment in RCB Unit Trusts are initially recorded at cost and are then subsequently recorded at fair value at each balance sheet date. Investments in unquoted investments are recorded at cost and are assessed annually for irnpairment. Unrealised gains and losses represent the difference between th¢ fair value at the beginning 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. Realised gains and losses represent the difference between the proceeds on disposal and their value at the start of the year, or cost if purchased in the year. Both realised and unrealised gains and losses in investment are reported within "Net Gains / (Losses) on Investment5" within the Statement of Financial Activities. Cash and cash equivalents Cash and cash equivalents includes cash in hand, deposits held at call with banks and bank overdrafts. h) Financial instruments The Parish only h&s financial assets and financial liabilities of a kind that qualify as basic financial instrument5. Basic financial instruments are initially recognised at transaction price and subsequently measured at their settlement value. Page 10
THE PARISH OF ENNISKILLEN ST. IVL4CARTIN'S CATHEDRAL ENNISKILLEN NOTES TO THE FINANCIAL sTATEME[s FOR THE YEAR ENDED 31 DECEMBER 2023 i) Funds Funds are classified as either restricted funds or unrestricted nds, defined as follows. Restricted funds are fijnds subject to specific requirements as to their use which may be declared by the donor or with their authority or created throuJ(r legal processes. but still within the wider objects of the Parish. Endowment funds are fvnds which have been given on the condition that the original capital surn is not reduc¢d but the incorne is used for the purpose defined in accordance with the objectives of the parish. Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are eamarked at the discretion of the turstees for a particular purpose, they are designated as a seperate hnd. This designation has an administrative purpose only and does not legally restrict the trustees, discretion to apply the fund. j) Taxation As a charity the parish is not liabile to Incorne or Corporation Tax. 2. Critical accounting judgements and estimation uncertainty Estimates and judgements made in the process of preparing the financial statements are Continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be resonable under the circumstances. The Trustees do not consider that there ar¢ any critical judgements made in applying the Parish's accounting policies or that there are any criti¢al acoounting estimates or assurnption5 which may have a significant risk of causing a material adjustment to Canying amounts of assets and liabilities within the next financial year. Page 11
THE PAIUSH OF ENNISKILLEN ST. MACARTIN'S CATHEDRAL ENNISKILLEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 3. Income 3.1 Donations and legacies Unrestricted Restricted Funds Funds 2023 2023 Endowment 2023 Total Total 2022 2023 Plate collections Freewill offerings Harvest collections Gift aid t&x rebate Donations and legacies Redecoration fund Mission outreach Bishops, appeal Dean's sit out Graveyard wall fund Fabric fund Cathedral organ fund Choral scholarship fund Roof fund Roof Sjnd - VAT reclaim Grants County and Western concert Cathedral bells fijnd Flower Festival Miscellaneous 6,965 157.360 8.465 46,731 919 6,965 157,360 8,465 46,731 10,625 5,804 147,754 7,615 33.092 26.122 7,680 18,689 2,966 14.470 5.348 23.579 15,281 9,610 2,210 57,315 9,706 12.867 3,929 13,694 2,040 l2,964 6,029 6.377 12.867 3,929 13.694 2,040 12.964 6,029 6,377 44.775 7,517 15,322 44,775 7,517 15,322 31,247 31.247 1.040 378,575 251,687 135,220 386.907 3.2 Other trading activities Unrestricted Restricted Funds Funds 2023 2023 Endowment Total Total 2023 2023 2022 Hire of hall Rent of diocesan office CaTpark income Miscellaneous 21,338 8,208 1.845 873 32,264 21.338 8,208 1.845 1,433 32,824 14.197 4,925 1.345 1,202 21,669 560 560 Page 12
THE PARISH OF ENNISKILLEN ST. Th(4CARTIN'S CATHEDIL4L ENNISKILLEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 3.3 Investments Unrestricted Restricted Funds Funds 2023 2023 Endowment 2023 Total 2023 Total 2022 RCB distribution Bank deposit interest Rent Breandrum Court 6,398 992 5,700 13,090 6.398 992 5,700 13.090 6,127 718 4.800 11.645 3.4 Charitable aetivities Unrestricted Restricted Funds Funds 2023 2023 Endowment 2023 Total 2023 Total 2022 Sp¢¢ial service collections 10,457 10,457 10,457 10,457 17,677 17,677 Total Income 297,041 146,237 443,278 429,566 Page 13
THE PARISH OF ENNISKILLEN ST. IIIACARTIN'S CATHEDRAL ENNISKILLEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 4. Analysis of Expenditure Unrestricted Restricted Funds Funds 2023 2023 Eudowment 2023 Total 2023 Total 2022 Charitable Activities Diocesan assessment Parish curates and pastoral assistants Wages and salaries Cathedral building and grounds Deanery and grounds Hall and grounds Other properties Charitable donations Mission outreach Insurance Printing and postage costs Minibus expenses Bank charges Accounts independent examination VAT services re VAT reclaim PAYE services Grdtuities and gifts Dean's expenses Licences Bishop's appeal Dean's sit out Country and Western concert redistribution Cathedral bells Graveyard wall Fabric fund Choral sponsorship nd Books for resale Repayment of special services Miscellaneous 64,353 40,599 30,389 27,161 10,932 34,774 6,028 64,353 40,599 30,389 35,637 10.932 34,774 6,028 2,177 25.190 14,995 10,882 2,150 744 3,620 55.019 30,407 23,065 160,579 8.956 21,586 4,744 361 17,433 14,037 10.471 2,179 767 3.780 600 666 2.550 924 615 3,000 6,000 8,476 2,177 25,190 14,995 10.882 2,150 744 3.620 168 168 4,738 1,055 1,193 4,000 9.215 7,517 8,960 12.100 2.487 5,150 4.738 1,055 1,193 4,000 9,215 7.517 8,960 12,100 2,487 5,150 3.780 855 4,401 3,569 380.344 9,261 9,261 3,373 351,687 3.373 252.416 99,271 Page 14
THE PARISH OF ENNISKILLEN ST. TrL4CARTIN'S CATHEDII4L ENNISKILLEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 5. Gain l (loss) on Investment Assets 2023 2022 Fair Value (losses) / gains on RCB investments Fair Value gains on property investments {11,028) 12,767 1,739 (17.788) 11,876 (5,912) The fair value of the RCB investments is taken from the RCB market value report as at 31 December 2023. The fair value of the property investments is detemiined by the Trustees. based on the insured value of the properties as at 31 October 2023. 6. Taxation St. Macartin's Catherdral, Enniskillen is recognised as a charity for the purpose5 of applicable taxation legislation and is therefore not subject to taxation on its charitable activites. 7. Analysis of staff costs 2023 2022 Wages and salaries Employer pension contributions Total 29,988 401 30,389 22,757 308 23,065 The average number of employees during the year 2 (2022.. 2). 8. Tangible fixed assets Buildings Total Deemed Cost At O l January 2023 Additions Disposal At 31 December 2023 2.566,895 2,566,895 2,566,895 2.566,895 Net book value at beginning of the year Net book value at end of the year 2.566,895 2,566,895 2,566,895 2.566.895 Tangible fixed &ssets are reCOlSed at their deemed cost. Page IS
THE PARISH OF ENNISKILLEN ST. IIIACARTIN'S LATHEI DRAL ENNISKILLEIY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 9. Investment Properties 2023 2022 At beginning of the year Fair Value adjustment At end of the year 170,221 12,767 182,988 158,345 11,876 170.221 The year-end valuation of the investment properties is based on insurance value at 31 October 2023. 10. lllvestments 2023 2022 At 01 January 2023 Fair Value adjustment At 31 December 2023 228,854 (11.028) 217,826 246,642 (17.788) 228,854 11. Debtors 2023 2022 Gift Aid TLxes repayable 25,307 636 25,943 88,925 90,036 12. Creditors Amounts due within l year 2023 2022 Accruals and other creditors 6.088 3,840 Page 16
THE PARISH OF ENNISKtLLEN ST. MACARTIN'S CATHEDRAL ENNISKILLEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13. Financial instruments The church has the following finan¢ial instrurnents.. 2023 2022 Loans and receivables held at amortised cost Cash and ch equivalents SuT]dry debtors Other receivables 494,372 25,307 636 520.315 336,440 88,925 426,476 Financial li2bilities measured at amortised cost Ac¢rua15 and other creditors 6,088 6,088 3,840 3,840 14. Analysis of Net Assets among Funds Unrestricted Restricted Funds Funds 2023 Total Total 2022 2023 2023 Fixed Assets Investment Properties Investments Curreklt Assets Cash at bank and in hand Debtors Cuent Liabilities Net assets at 31 December 2023 2,566.895 182,988 189,713 2.566,895 182,988 217,826 2,566,895 170,221 228.854 28.113 196,774 25.943 (6,088) 3,156,225 297,598 494,372 25,943 (6,088) 3.481.936 336,440 90,036 (3.840) 3,388,606 325,711 Page 17
THE PARISH OF ENNISKJLLEN ST. MACARTIN'S CATHEDRAL ENNISKJLLEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 IS. Funds of the Parish At 1.01.2023 Income Expenditure Transfers At 31.12.2023 Restricted funds General Parish fund Special Collections Parish magazine Bishop's Appeal Mission outreach fund Choir lights Dean's sitout Cathedral paths and oarden Graveyard wall fund Fabri¢ fund Grant ndIng Cathedral bells fund Choral scholarship nd Flower fund Cathedral organ nd Roof repair fund 15,382 14.840 2,292 66 617 223 8,470 300 4,467 207.359 15,390 10.457 2,393 3,929 12,867 (15,398) (11,711) (8,295) 3,663 17,002 4,685 (4,000) (25.190) 11,706 223 12,949 300 13,694 (9,215) 2,040 12,964 44,775 l5,322 6.377 (12,100) (2,487) 5,593 (5,593) 212,243 44,775 6,362 7,057 4.725 2,849 8,878 325.711 (8,960) (5.150) 5,830 4,725 5,296 8.878 278.745 6.029 (8,476) 146,237 (99,271) Unrestricted funds 3,109,861 298,780 (252.416) 3,156,225 Totsl funds 3,388,606 445,017 (351.687) 3,481,936 16. Collection for Third Parties No collections were made on behalf of Third Parties. 17. Payments to Trustees Payments were rnade to two trustees during the year totaIling £522 for repair work. This work was carried out on nornial commerciat ternis. Page 18