Page 16
CHURCH OF IRELAND AND METHODIST CHAPLAINCY BELFAST
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND
EXPENDITURE ACCOUNT)
YEAR ENDED 30 JUNE 2023
Total for
perffiod
25 June
2021 to
30 June
2022
Unrestrficted Restricted Total for
Funds
Funds
year
Nots
INCOMING RESOURCES
Incoming resources from generating fimds."
Voluntary income
Activities for gcnerating funds
Inveslment income
tncoming resources from charitable activities
Other incoming resources
82,980
185,928
817
82,980
185,928
817
165,663
9,793
52,412
5,008
315
6,833
772
165,663
9,793
279.518
TOTAL INCOMING RESOURCES
165,663
445,181
65,340
RESOURCES EXPENDED
Charitable activities
Governance costs
207,957
4,680
191,128
399,085
4,680
22,223
488
TOTAL RESOURCES EXPEIYDED
212,637
191,128
403,765
22,711
NET ll¥COMING I {OUTGOING)
RESOURCES BEFORE TRANSFERS
Transfer between funds
66,881
(34.465)
(25,465)
34,465
41,416
42,629
OTHER RECOGNISED LOSSES
Losses on revaluation of investments
(15,328)
(15J28)
29,435
NET INCOMING RESOURCES FOR THE
YEAR
RECONCILIATION OF FlfNDS
Total ￿ndS brought forward
TOTAL FUNDS CAIiRIED FORWARD
17,088
9,000
26,088
72,064
72,064
89,152
72,064
9,000
98,152
72,064
The Statement of Financial Activities includes all gains and losses in the year and therefore
a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities,
The notes on pag95 18 to 25 fom part of these flnanclal statements.

Page 17
CHURCH OF IRELAND AND METHODIST CHAPLAINCY BELFAST
COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
30 JUNE 2023
2023
2022
Nots
FI¥ED ASSETS
Jnvestments
13
15,126
30,450
CURRENT ASSETS
14
10,857
83358
94,115
9,165
44,117
53,312
Cash at bank and in hand
CREDITORS: Amounts falling due wlthin olle
year
15
11,089
11,698
41,614
NET CURRENf ASSETS
83,026
NET ASSETS
98,152
72,064
FtrNDS
Restricted income fjjnds
Unrestricted income funds
16
17
89,152
98,152
72,064
72,064
TOTAL FUNDS
These accounts have been prepared in accordance with the provisions applicable to companies subject
to the small companies, regime and in accordance with Charities SORJ) (FRS 102).
The directors are satisfied that the compthy is entitled to exemption from the provisions of the
Companies Act 2006 (the Act) relatimg to the audit of the financial statements for the year by viriue of
sectlon 477(2) relating to small companies, and that no member or members have ￿quested an audit
pursuant to section 476(1) of the Act.
The directors acknowledge their responsibilities for:
(i) ensuring that the company keeps adequatepccounting records which comply with section 386 of
the Act, alld
(li) preparing financial statements which give atn￿ and fair view of the state of affairs of the company
as at the end of the financial year and of its surplus or deficit for the.fJnancial year in accordance
with the requirejnents of section 393, and which otherwise comply with the requirements of the
Act relating to financial statements. so far as applicable to the company.
These fJ]Aancial statements were approved by the members of the comrnittee on the ..... .
and are signed on thei
behalf by:
sw
Direc
YLOR
Director
Date".
Company Registration Number: N1680339

Page 18
CHURCH OF IRELAND AND METHODIST CHAPLAINCY BELFAST
COMPANY LIMITED BY GUARANTEE
STATEMENT OF CASH FLOWS
YEAR ENDED 30 JUNE 2023
2023
2022
Note
Cash flow from operating activities
Net cash floiv from operatlng activities
20
39,111
44,147
39,111
44,147
Net Increase In Cash and ￿$h equlvalents
39,111
44,147
Cash and cash equivalents at 30 June 2022
Casb and cash equlvalents at 30 June 2023
44.147
83258
44.147
Cash and cash equlvalents Conslst of -
Cash at bank and in hand
83,258
83,258
44,147
Cash and cash equivalents at 30 June 2022
44,147

Page 19
CHURCH OF IRELAND AND METHODIST CHAPLAINCY BELFAST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
ACCOUNTING POLICIES
General inforniation and basis of accountlDg
Church of Ireland and Methodist Chaplaincy Belfast is a charitable company limited by guarantee
and does not have any share capital. It registered as a charity with The Charity Commission for
Northern Ireland on 20 January 2022 and it is incorporated in Northern Ireland. The address of the
registered oifice is given in the charity inforn￿tIon on page l of these financial statements.
The charitable company constitute5 a public benefit entity as defined by FRS 102.
Statement of compllance
The financial statements have been prepared in compliance 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 United Kingdom and Republic
of Ireland (FRS 102), the Charities Act (Northem Ireland) 2008, The Charities (Accounts and
Reports) Regulations (Northern Ireland) 2015 and the Companies Act 2006 and UK Generally
Accepted Practice as it applies from l January 2015.
The financial statements are prepared on a going concern basis under the historical cost convention,
modifIed to include certain items at fair value. The financial statements are prepared in stwling
which is the functional currency of the charity and rounded to the nearest £1.
The significant accounting policies are set out below. The directors consider that these accounting
policies are suitable, have been consistently applied and are supported by reasonable and prudent
judgement and cstlmates.
Fund accounting- unrestrfieted funds
The company's unrestricted funds consist of a General Fund which is ¢xpendable at the discretion
of the directors in furtherance of the charitable objects of the company. The dlrectors may at their
discretion designate funds for specific purposes but the designation does not legally restrict the
directors, discretion to apply the funds.
Income recognition
All income is included in the Statement of Financial Activities (SOFA) when the charity is legally
entitled to the income after any perforniance conditions have been met, the amount can be
measured reliably and it is probable that the income will be re¢¢ived.
For donations to b¢ recognised the charity will hav¢ been notified of the amounts and the settlement
date in writing. If there are conditions attached to the donation and this requires a level of
perforniance befor¢ entitlement can be obtained tE]en income is deferred until those conditions are
fully met or the fulfilment of those conditions is within the control of the charity and it is probable
that they will be fulfilled.
Donated facilities and donated professional services are recognised in income at their fair value
when their economic benefit is probable, it can be measured reliably and the charity has control
over the item. Fair value is determined on the basis of the value of the gift to the charity. For
example the amount the charity would be willing to pay in the open market for such facilities and
services. A Corresponding amount is recogntsed in expenditure.

Page 20
CHURCH OF IRELAND AND METHODIST CHAPLAINCY BELFAST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 30 JUNE 2023
ACCOUNTING POLICIES (contlnued)
Income recognltlon (contlnued)
No amount is included in the financial statements for volunteer time in line with the SORP (FRS
102). Further detail is given in the Directors, Annual Report.
Where practicable, gifts in kind donated foT distribution to the beneficiaries of the charity are
included in stock and donations in the financial statements upon receipt. If it is impracticable to
assess the fair value at receipt or if the costs to undertake such a valuation outweigh any benefits,
then the fair value is recognised as a component of donations when it is distributed and an
equivalent amount recognised as charitable expenditure.
Voluntsry income received by way of donations and gift is credited to revenue on a receivable
basis.
Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are
not deferred over the life of the asset.
For legacles, entitlement is the earlier of the charity being notified of an impending distribution or
the legacy being received. At this point income is recognised. On occasion Icgacies will be notified
to the charity however it is not possible to measure the amount expected to be distributed. On these
occasions, the legacy is treated as a contingent asset and disclosed.
Investment income AS interest earned through holding cash at bank. Interest income is recognised
when receivable.
Expendlture rccognltlon
All cxpenditure is accounted for on an accruals basis and has been classified under headings that
aggrcgate all costs related to the category. Expenditure is recognised where there is a legal or
constructive obligation to make payments to third parties, it is probable that the settlement will be
required and the amount of the obligation can be measured reliably.
Where costs cannot be directly attributed to a particular heading they have been allocated to
activities on a basis consistent with the use of the resources. Staff costs and overhead expenses are
allocated to activities on the basis of staff tim¢ spent on those activities.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the
costs of disseminating infonnation in support of the charitable activities.
Value Added Tax
The charity is not registered for VAT purposes, therefore expenditure is shown gross of VAT.

Page 21
CHURCH OF IRELAND AND METHODIST CHAPLAINCY BELFAST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 30 JUNE 2023
ACCOUNTING POLICIES (conllnued)
Taxation
As a charity, the company benefits from various exemptions afforded by tax legislation. It is
therefore not liable to corporation tax on income or gains falling due within those exemptions.
Recovery is made of t￿ deducted from receipts under gift aid.
Going concern
The financial statements have been prepared on a going concern basis. The Directors consider the
basis to be appropriate assuming that the charlty has adequate financial support from the ba[￿erS
and related parties.
Volunt&ry ineome
Total for period
Total for 25 June 2021 to
year
30 June 2022
Unrestricted
Funds
Transfer from previous non incorporated charlty
Subscriptions and tax refund
Parish subscriptions
Church activities
Utility grants
Diocesan grants Conor
Salary contribution- RCB
Church of Resurrection FWO
46,520
3,858
250
34,277
5,934
908
4,200
7J44
23J31
6,986
34,277
5,934
908
4,200
7J44
23J31
6,986
1,474
310
82,980
82,980
52,412
Actlvfitles from generating funds
Total for period
25 June 2021 to
30 June 2022
Unrestrlcted
Funds
Total for
year
Income from The Hub Café
Resident students
Vacation residency
Student ministry
77
3,484
1,447
178,806
3,193
3,929
185,928
178,806
3,193
3,929
185,928
5,008

Page 22
CHURCH OF IRELAND AND METHODIST CHAPLAINCY BELFAST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 30 JUNE 2023
Investment Income
Totsl for period
Total for 25 June 2021 to
year
30 June 2022
Unrestricted
FuDds
Income from Church of Ireland TnLStees Assts
Dividend income (Boyd Bequest)
562
255
562
255
315
817
817
315
Incomlng resources from charltable actlvltles
Total for period
Total for 25 June 2021 to
year
30 June 2022
Restrlcted
Funds
Belfast Chaplaincy development project
salary costs
Methodist Home Mission Grants
Income for Mission Teams
91,748
33,130
40,785
91,748
33,130
40,785
6,833
165,663
165,663
315
Other incoming resources
Total for period
Total for 25 Junc 2021 to
year
30 June 2022
Unrestricted
Funds
Use of the Hub
Income from Archdeaconry role
Student committee
Sundry
6,081
259
2,873
580
6,081
259
2,873
580
80
778
161
9,793
9,793
1,019
AnalysKS of expenditure on charitable activities
Activities
undertaken
directly
Total for period
25 June 2021 to
30 June 2022
Support
costs
Total for
year
Residential & outreach
399,085
4,680
403,765
22,709
399,085
4,680
403,765
22,709

Page 23
CHURCH OF IRELAND AND METHODIST CHAPLAINCY BELFAST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 30 JUNE 2023
Allocation of support costs
Total for period
Total for 25 June 2021 to
year
30 June 2022
Basls of
allocatSon
Ministry
Governance (note 9)
Cost
4,680
4,680
488
4,680
4,680
488
Governance costs
Total for period
Total for 25 Junc 2021 to
year
30 June 2022
Unrestricted
Funds
Independent examitier's fees
Other financial costs
3J75
IJ05
4,680
3J75
1?05
4,680
345
143
488
10. Net income for the year
This is stated after charging:
Total for period
Total for 25 June 2021 to
year
30 June 2022
Depreciation
Operating lease rentals

Page 24
CHURCH OF IRELAND AND METHODIST CHAPLAINCY BELFAST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 30 JUNE 2023
11. Directors, and key management personnel remuneration aDd expenses
The key management personnel are considered to be the trustees.
The trustees neither received nor waived any remuneration during the year (2022- Nil).
The trustees did not have any expenses reimbursed dwing the year (2022- Nil).
12. Staff costs and employee benefits
Total Staff costs were as follows:
Total for period
25 June 2021 to
30 June 2022
Total for
year
Wages and salaries
Social security costs
Other pension costs
183,171
10,773
14,048
14,213
1,159
907
207,992
16,279
Allocated to:
Total for period
25 June 2021 to
30 June 2022
Total for
Year
Residential & outreach
207,992
16,279
207,992
16,279
Particulars of employees:
The average monthly number of employees including the directors during the year, calculated on
the basis of full-time equivalents, was as follows:
For period
Total for 25 June 2021 to
year
30 June 2022
Management
Residential
Outreach
No employee received remuneration of more than £60,000 during the year.

Page 25
CHURCH OF IRELAND AND METHODIST CHAPLAINCY BELFAST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 30 JUNE 2023
13. Investments
2023
2022
Market value at 30 June 2023
15,126
30,450
Investments reflect holdings in to two bequests held in unit trusts - Miss Annie Boyd (Ballycastle)
Memorial Endowment & Mrs S Graham Bequest.
The fair value of investments is deterniined by reference to the valuations provid￿ by RCB Unit Trusts
at 30 June 2023.
14. Debtors
2023
2022
Other debtors
10,857
9.165
IS. Credltors: Amounts falling due wlthfin one year
2023
2022
PAYE and social security
Accruals
2,280
8,809
3,625
8,073
11,698
11,089
16. Restricted funds
Balance at
30 June 2022
Balance as at
30 June 2023
Income Expenditure
Transfers
Restricted funds
165,663
(191,128)
(191,128)
34,465
9,000
9,000
165,663
34,465
17. Unrestricted funds
Balance #t
30 June 2022 Income Expendlture Transfers
Balance as at
IA)ss 30 June 2023
General Funds
72,064 278,886
(212,637)
(34,465) (15 J28)
(212,637) (34,465) (15J28)
89,152
72,064 278,886
89,152
Unrestrictedfynds."
General fund
The unrestricted funds of the charity consist of a General Fund which is expendable at the
discretion of the trustees in furtherdnce of the charitable objectives of the charity and which has
not been designated for other puryoses.

Pag8 26
CHURCH OF IRELAND AND METHODIST CHAPLAINCY BELFAST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 30 JUNE 2023
18. Transfer between funds
The transfer between unrestricted and unrestricted funds of £20,417 (2022 - £5,873) represents that
difference between the r¢stri¢ted funding received towards staffing costs and chaplaincy's match
funding from unrestricted funds.
19. Analysls of net assets between tsnds
Tangible Net current
rixed assets
ssets
As at 30 June 2023
Totsl
Unrestricted Funds
Restrictcd Funds
15.126
73,394
9,(MlO
88,520
9,000
Total Funds
15,126
82J94
97,520
20. Reconciliation of net income to net cash flow from operating activities
Total for period
16 June 2021 to
30 June 2022
Total for
year
Net income for year
25,456
72,064
Decrease in creditors
Increase in debtors
Decrease in investments
(609)
(1,060)
15J24
11,698
(9,165)
(30,450)
44,147
Net cash flow from operating activities
39,111
21. Related party transactions
With a number of trustees being nominated representativcs from - and therefore tithing members
of- the Church of the Resurrection (Trustees Report) p.6), a total of £311 (2022- £790) is recorded
&s collated income for the year to 30 June 2023.
Expenses were paid to two trustees for costs incurred in the course of their work on behalf of the
charity as chaplains:
•Barry Forde.. £30
Gail Mercer: £642
22. Company limited by guarantee
The company is limited by guarantee and has no share capital.
On a winding up members may be required to ¢ontribut¢ a maximum of £1.

Page 27
CHURCH OF IRELAND AND METHODIST CHAPLAINCY BELFAST
COMPANY LIMITED BY GUARANTEE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 30 JUNE 2023
For period
Tot21 for 25 June 2021 to
year
30 June 2022
INCOMING RESOURCES
VOLUNTARY INCOME
Transfer from previous non incorporated charity
Subscriptions and tax refund
Parish subscriptions
Church Activities
Utility grants
Diocesan grants Conor
Salary contribution - RCB
Church of the Resurrection FWO
46,520
3.858
250
34,277
5.934
908
4,200
7,344
23,331
6,986
82,980
1,474
310
52,412
ACTMTIES FOR GENERATING FUNDS
Income from The Hub Café
Resident students
Vacation residency
Student mintstry
77
3,484
1,447
178,194
3,193
3,929
185,316
5.008
INVESTMENT INCOME
Income from Church of Ireland Trustees Assts
Dividend income (Boyd Bequest)
562
255
315
817
315
ItNCOMING RESOURCES FROM CHARITABLE
ACTIVITIES
B¢lf&sl Chaplaincy development project- salary costs
Methodist Home Mission Grants
Income for Mission Teams
91,748
33,130
40,785
6,833
165,663
6,833
OTHER INCOMING RESOURCES
Use of the Hub
Income from Archdeaconry role
Student committee
Sundry
6,061
259
2,873
580
80
778
161
9,773
1,019
TOTAL INCOMING RESOURCES
444,549
65,587

Page 28
CHURCH OF IRELAND AND METHODIST CHAPLAINCY BELFAST
COMPANY LIMITED BY GUARANTEE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 30 JUNE 2023
For period
For the 25 June 2021 to
year
30 June 2022
RESOURCES EXPENDED
CHARITABLE ACTIVITIES
Costs of the Hub Café
Wages & salaries
Pension costs
Ground rent, rates and insurance
Light & heat
Repairs & maintenance
Telephone & internet
Cornputer expenses
Charitable donations
Training
Office expenses
Housekeeping expenses
Outreach and mission expenses
Ministry expenses
GeneraE expenses
2,607
193,944
14,048
16,300
44,113
52,670
6,693
286
15,372
907
807
1,316
28
378
394
782
540
1,784
2,471
34.382
24,192
4,559
557
1,921
255
399.085
22,223
GOVERNANCE COSTS
Independent examiners, fees
Bank fees and interest
3,375
1,305
345
143
4.680
488
TOTAL RESOURCES EXPENDED
403,765
22,711
NET INCOMING RESOURCES FOR THE YEAR BEFORE
TRANSFERS & OTHER GAINS
40,784
42,629