Saintfield Parish Church Trustees, Annual Report and Statement of Receipts and Payments and Assets and Liabilities For the year ended 31 December 2022 Charities Number: NIC 101048
Saintfield Parish Church Annual Report and financial statements for the year ended 31 December 2022 Contents Pages References and administrative details of the Charity Trustees, Report Independent Examinerfs Report to the Trustees io Receipts and Payments Account li Statement of Assets and Liabilities 12 Notes to the financial statements 13-16
Saintfield Parish Church References and administrative details Charity Name: Sainffield Parish Church Charity Registration Number: NIC 101048 Contact Address: 43-45 Main Street Saintfield Ballynahinch County Down BT24 7AB Trustees Rev. Chris Pollock Judith Stevenson Dawn Gordon Stephen Erskine Joy Whitley Linda Bloomer Craig Mccarter Kate Beattie Craig Weston June Butler David Mccarter Caroline Kearney Robert Edwards Idecdl Catherine Griffith Paul Olphert Rosemary Armstrong Leonard Hill Adam Getty lelected Apr 221 Principal Office-bearers Clergy: Hon. Secretary: Church Treasurer- Church Warden- Clergy- Church Warden - People: Glebe Warden- Clergy: Glebe Warden- People: Rev. Chris Pollock Stephen Erskine Caroline Kearney David Mccarter Linda Bloomer Craig Weston Joy Whitley Independent Examiner Hamill Mcllwaine Chartered Accountants 28- 30 Old Mountfield Road, Omagh, Co. Tyrone BT79 7BJ Banker5 Danske Bank 32 Main St. Saintfield. Ballyn3hinch Co Down BT24 7AB
Saintfield Parish Church Trustees, Annual Report for the year ended 31 December 2022 The Trustees present the Annual Report and Statements of Receipts and Payments and Assets and Liabilities for Saintfield Parish Church for the year ended 31 December 2022. Objective5 and Activities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of Sainffield Parish Church is to support the advancernent of the Christian religion by promoting, through the work of the Saintfield Parish Church the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Being open to and engaging with society as a whole and offering support for those needing help are fundamental to the practical delivery of the benefits of Christianity. As a result of activity in the pursuit of the advancement of the Christian religion, the Saintfield Parish Church has custodv of property and of records, materials, and artefacts of significance to the cultural and religious heritage and maintenance of which is undertaken by the Select Vestry of the Saintfield Parish. Achievements. Performance & Public Benefit Someone today posted on Facebook a photo of the Saintfield Parish Vicarage when it was first built. The age of the photo doesn't really do justice to a building that in the late 1950's was very ahead of itstime.The size of the building, the darkwood and white paint finish, the setting of the house just close enough to the Parish Church to feel connected and walkable to, and yet just far enough outside the village to have some sense of separation. is a powerful testament to the then Select Vestry and congregation who in faith, chose to make this happen. Such vision and commitment to the future of their Parish was far reaching. It recognised the Vicarage notjust as a place that would be a family home to Rev Donnelly and subsequently Canon Woodrow, Rev Delemere and latterly myself and our family. but to identify it as a place of service and blessing for everyone who would enter it. .C dfifd=tii'ty lialt-tiIrtber¢d rectonr whlch liag just been erected Irir 4ainifield ParT4h Church. Over the 70 years, this Vicarage had some physical additions as well as inner enhancements, but the past year has witnessed 3 major renovation planned for and now in full flow since Nov 2022. The essential work clarified by the Diocesan Council was developed through the Select Vestrvs choice to- expand the living, kitchen, utility and bedroom areas- widen the entrance to the driveway,. rernove the outside cladding- replace all the windows as well a5 insulate the building more efficiently. Seeing our Select Vestry and congregation step out in faith is once again a testament to a vision for Saintfield Parish's future, providing not just a family 'home' but a place of service and blessing for all. In many ways, this vision coming after the renovation of Parish Hall has been empowering. It reflects the simple belief that as God arnazingly provided enough for the Parish 'Hall for All, project. that God always does provide where there is need. He never lets us down in making our vison a reality and answering need. For my Annual Review, I want Share four lessons from our Vicarage renovation that aptly reflect the spiritual renovation of our Parish over the past 12 rnonths from April 2022- March 2023 that will lead us on in our journey into the years ahead.
Saintfield Parish Church Trustees, Annual Report for the year ended 31 December 2022 (continued) l. The Vicarage tells us that nothing ever stays the same. Our Vicarage in its original shape, decor, and function in 1950's was such a blessing for the parish and its subsequent vicars, but the truth is 'that nothing ever stays the same,. Change had to happen to the building to ensure that both inside and outside would be fit for purpose for now and what the future Parish needs the Vicarage to be. In our Church mission and ministry, we also have discovered land no more 50 than over the past 3 years) 'that nothing ever stays the same,. COVID dramatically re-shaped our mission and ministry, congregational worship, community service and our place within the Saintfield community. It accelerated the trend of disengagernent amongst youth and young families that were already impacting our growth and everything came to a Stopl ! It was a stop that could not be reversed and highlighted the powerful truth that 'nothing ever Stays the same.. Over the past year, we have gradually, slowly, prayerfully been on the journey of renovating our spiritual parish life. We have asked God to help us see such change as greater opportunities for the present and future, rather than being a source of fear and stagnation. To initiate spiritual renovation amongst youth. the Select Vestry prioritised a part-time youth ministry position. After a thorough recruitment process, Rose Armstrong arrived. Rose has brought so much to us in her skill-set, energy, personal engagement and a vibrant Christ like faith. Through her development and leadership of REFRESH on Sunday Mornings at 11.00am, youth discipleship of Form l+ on Sunday nights, her involvement and partnership with Saintfield High School and Academy Primary School, Rose serves and blesses us and our community. OurJesus family has grown bit by bit and the potential development of the youth role is being further explored. We are very thankful for Rose, but we must address the lack of volunteers. We need many more people of all ages who will invest a little more of their time to help grow the future generations of our Saintfield Parish family. Rose then can continue to grow God's vision for us, expanding her influence, commitment and availability to all young people both in the Parish and the community. Thank you so much to all our present young leaders and to the invaluable help of Sarah, Craig and Wenda, without whom, our spiritual renovation work with Rose would be very much less than what it is at present. Renovation of our Sunday Worship has settled into a new pattern and gradually and slowly, bit by bit more people are coming back to their spiritual home. It is hard and I know for quite a few folk, it has been a real stepping out to re-start church. So thank you for making that decision. We have also (with perrnission from the Diocese) just introduced the common chalice again at Holy Communion. We have a good balance between using it and/orthe small plastic cups of wine. People in Communion can choose their preference. Services at 10.OOarn are now recorded and edited but there isn't great nurnber viewing thern online. However, those who do watch them, find connection to the Sainffield Parish Jesus family and that is a blessing and worth all the effort. Other changes have grown Specific roles such as the 'Parish Visitorf. Dawn Gordon is now engaging with people on behalf of the Vicar (not to replace his pastoral responsibility, but to add to regular contactl. This offers another real blessing and ensures that in our'famil¢, people knowthey are not forgotten. Our Vicarage renovation reveals 'that nothing ever stay5 the same,. For our future Jesus mission and rninistry, such change caused by COVID is the greatest opportunity to rebuild who we are in Christ. This is the opportunity for them to know that we as a Jesus family, exist as a place and people of service and blessing for them no matter who they might be. Let our spiritual renovation as a Church and Jesus family continue in 2023 and beyond.
Saintfield Parish Church Trustees, Annual Report for the year ended 31 December 2022 (continued) 2. The Vicarage tells us that renovation relies on 'hidden' work to achieve results. Look at a recent photo of the front of the present Vicarage and while you see work happenin& the real work is at the back and within. hidden from sight. Mission and rninistry in Saintfield Parish over the pastyear has demonstrated the same. So much happens that isn'tseen just by looking at the front of our Church and its position on the Main Street. So, for example: You don't see out front Pitter Patter on Mondays with Sarah Mccarter and her team making young babies and carer5 welcome and included, to the point they have a waiting list; You don't see easily Wednesday Welcome being a place of connection and belongingwith the commitment of its leaders offeringsupport and friendship to so many- You don't see all the hidden work of Sally, lan, and William in the Church Office and yet without their personal abilities and attention to administration, the church and hall premises as well as the parish graveyard, everything would be so much harder to keep going- You don't see the hidden Select Vestry at monthly meetings in discussion to arrive at important decisions to serve and bless as a parish. The hidden figures of Caroline as Hon. Treasurer (with Jean as Assistant Treasurer) and of Stephen as Hon. Secretary, all work hard to keep the information up to date, making it understandable to empower the select Vestry to achieve results as Trustees. You don't see the hidden select Vestry Safeguarding team led by Kate. This work is sensitive and necessary and we are fortunate to have such people who are committed to its role and confidentiality. You don't see the Church Wardens setting up early the Worship every Sunday. Linda and David have been super and dedicated over 4 years. along with Donna assisting/leading at 8.30am and Denis always opening church for everyone. We are also thankful for Canon lan McDonald and Alan Higgins who come to regularly share God's Word for us and lead worship- You don't see Michael up in the organ loft or Jackie on the PowerPoint (fighting with the Vicar in controlling the slides 01 What else do you not see, hidden but working to renovate our Saintfield Parish mission and ministry. You don't see fully the Mothers. Union with Marion and her committee serving and blessing its members and the greater community as well as their support of people like June as All Ireland President of Mothers, Union. You also don't see the new Men Alive group as it grows connection aTnongst all men in the church and the community, the dedication and hard work that seek to renovate relationships. So ye5, our Wicarage is being renov3ted through people whose work cannot openly or fully be seen. Contrartors working hidden within the building or behind the front of it through ME Crowe, as one big team, changing the Vicarage according to one big plan. You don't see them at work and yet the results are there. Saintfield Parish is likewise being renovated as a Jesus family to offer Christ like people of service, blessing and love. But the scale of the work is imrnense and hidden from 50 many. To all those who work as one big team in the Parish, to those who also pray hard for all this work for maybe they cannot physically be involved as they once were, to all of you. thank you! And to those who are being stirred by God to become more involved in whatever way, join the teaml I
Saintfield Parish Church Trusteed Annual Report for the year ended 31 December 2022 {continued) 3. The Vicarage tells us that renovation reveals that something 'neW is happening. It is interesting the number of people who have commented to me on what 11 Lisburn Road is beginning to look like. Despite all the mess, they see a 'newness' happening that doesn't take away from what the Vicarage originally was, it only adds to it. The original shape of the Vicarage stays the same. Its site remains unchanged looking towards Saintfield through the same vantage point. The driveway although clabbered with mud and muck is still there and will be used again in the same way to approach the Wicarage. The garden will become 'new' as grass land mossl will naturally grow again. Even the bare stripped Wicarage walls will look as 'ne when repaired and painted with slightly new colour defining and freshening their appearance. The point is, that when people see our vicarage and ivs 'newness', their curiosity is aroused. Does such curiosity change their lives and their eternal destination? Probably not. (Hopefully they keep their eyes on the road 01 As our Parish spiritual renovation progresses to serve, bles5 and love others in a very different way to that of the world, I wonder if we can pray that it might cause more people to see and need something new for themselves? That sornething more needs to be found for their life and death? That their hearts need renovation? As much as thevicarage may rnake people in cars slow down and look as they pass by. when it cornes to ourJesus' mission and ministry, others in your farnily, friendship groups, workplace, place of education will also only slow down and look if they see something new of Jesus and his Holy Spirit in you and me. Only if they see and experience a discernible newness in our own Jesus faith, will their curiosity stop and ask you 'why?I Why do you go to worship regularly rather than just at Christmas or Easter? Why is your hearvs renovation not just concerned with 'religion' or 'church going, but seems to make your life alive with a joy and freedom that serves, blesses and loves? Why can they not know such renovation as well? Why can their life not be found in the same way. As part of our future spiritual renovation, l am planning and praying for a parish mission in Ottober 2023 with Rev Willie Nixon from Drumbeg. The Mission is named 'FOUND', for in Jesus, being found is freedom. hope and where renovation begins. Willie and l are in conversation as to what this might look like with different people sharing over 4 days in October what being'FOUND' in Jesus has changed in them, renovating their hearts for God. It is my deepest hope and prayer that 'FOUND' will both deepen ourjesus faith and commitment as well as empower us to invite others to let God become more for their life and death. COVID raised so many questions and many are seeking renovation. 'FOUND' will be the opportunity to share answers that we as Jesus Family believe and trust in as our story. Please pray for this tirne, for me and Willie as we move things on. In September, there will be a course to help us talk about our faith, its newness and power and the answers of God's plan for a hopeless world. Answers that offer 'ne things to happen for life, death and beyond. I hope as many people as possible will sign up and take part.
Saintfield Parish Church Trustee Annual Report for the year ended 31 December 2022 (continued) 4. Finally, the Vicarage tell us that renovation reveals there is always a bigger plan. So. nothing ever stays the same. What is hidden always achieves results. Newness will let make people stop. look, wonder and ask questions. All of this happens because there is a bigger plan in place. A plan that amazes those who are found by it. A bigger plan that makes sense of it all. Our Vicarage will be finished at the end of June. The bigger plan will produce the result. The Vicarage will not be totally perfect, but it is our perfect gift to the present Clergy farnily and the ministers who will follow. More than that, it is the best gift we can offer to God and the future generations of Saintfield Parish. It is however only part of an even bigger plan of a Jesus renovation for the heart of our parish and for Saintfield's transformation. The Wicarage renovation in a powerful way, tells the Story of this bigger pl3n of God for u5 as a Jesus family, people or person. It is a plan that your £10 extra a month or that one off gift is now making real, not just to see the vicarage re-born, but our own church life and witness. Please offer this £10 a month if you haven't already. The bigger plan cannot happen unless we sacrifice so that we can do good and please God.IHebrews 13-161. We together can provide a secure future for SaintField Parish and the generation to come. who in 65 years from now, will thank you as rnuch as we thank the people of faith from 65 years ago, who chose then to not just provide a new vicarage, but a new future that has blessed us now. I can't thank you enough for the new Vicarage. We as a family will be blessed to live in it and enjoy. But 35 much as we as a Parish have been empowered to bring about such earthly things, I can't thank you enough for your commitment to spiritually renovating our mission and ministry for the things of Heaven and of Jesus. Let 2023 offer us as Saintfield Parish the greatest opportunity to grow ourjesus family, serve more completely the whole community and bless unconditionally all who today need to be 'FOUND' through God's loving compassion and mercy. Let us allow the even bigger plan to make God even more real in our hearts renovated for him, that our Jesus family can be the renovated heart for all Saintfield and beyond. Arnen
Saintfield Parish Church Trustees, Annual Report for the year ended 31 December 2022 (continued) Financial Review Parish receipts remained at a similar level to 2021 and totalled £143,978. The Receipts and Payments Account for year ended 31 December 2022 shows £IOOk more, however this is the divestrnent from RB General Unit Trust INII for work on the Vicarage. Free Will Offering has been comparable and we continue to see a small rise in Parishioners giving through standing order. This helps with our budget and to forecast future cash flow. Graveyard income has remained steady at £IOk approx. Parish Hall income has again risen in 2022 by £1250. We have seen several new groups over the135t year and slats are continuing to fill up. This is very encouraging. Investment valuation remained steady in QI of 2022 but took a dive in Q2 and Q3. Thankfully they regained some value during Q4. The value of the Parish investments closed at £601k - an overall loss of £38k approx. from December 2021. Similarly, to the receipts above, the Statement of Assets and Liabilities as at 31 December 2022 on the accounts show a closing value of £501k. The difference is the divestment for the vicarage. This was transferred to an RCB deposit account in Decernber 2022. We do not include this £IOOk divestment for the comparison as it was done so late in the year. We did not withdraw any capital during the year. nor did we add to it. Any fluctuations were due to market performance and conditions. Income from these investments amounted to £29,035 which has kept the Parish in an operating surplus. We will monitor the level of the dividend decrease throughout 2023 as capital from the investments is used for essential investment in the Wicarage refurbishment. Total payments for the year have risen substantially. Salary costs being the biggest increase, the Employment Allowance credit has been depleted therefore we have been paying over PAYE and Nl. We have also taken on our youth worker and are not receiving any COVID furlough receipts as we had in 2021. The cost-of-living crisis has had a negative effect on our energy costs as everyone is aware of. As costs remain high we encourage Parishioners to give extra in their monthly giving. Saintfield Parish have a dual control mechanism in place for both receipts and payments. Monthly reconciliations are performed and cross-checked ensuring financial allocations are corrert. The financial position is presented to Select Vestry at each meeting and examination encouraged.
Saintfield Parish Church Trusteed Annual Report for the year ended 31 December 2022 (continued) 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 ended 2021 can be signed off as a going concern. Structure, Governance and Management Governing Document and Constitution of the Charity Chapter 111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organi5ation. The Select Vestry members are the Charity Trustees. Recruitment ond Appointment of Select Vestry (Trustees) All members of the Church of Ireland who are over the age of 18 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 Vestry of the Parish, allowing them to attend and vote at rneetings of the General Vestry and to stand for election to the Select Vestry. Meetings of the General Vestry are held at least once a year. The Select Vestry is elected as part of this General Vestry meeting. The Select Vestry will hold their positions for a period of one year. Select Vestry Members may be re-elerted annually and there 15 no limit on the number of terms which may be served. Pay and remuneration The Vicar 15 paid according to the Diocese of Down and Dromore grading of Saintfield Parish as a 'C Parish along with the Locomotory and Office expenses as passed by General Synod 2021. Orgonisationalstrurture The Select Vestry is responsible for the day-to-day management of the Parish. The Select Vestry consists of the member of the clergy serving in the Parish, two Church Wardens, two Glebe Wardens and generally not more than tsvelve other members of the General Vestry elected at the Easter General Vestry. The Select Vestry is chaired by the incumbent (Vicar) of Saintfield 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. They also are responsible in establishing and maintaining the vision of the Parish, counselling the Wicar in regard to spiritual direction as well offering oversight regarding to the management of staff, safeguarding trust and property concerns. The Select Vestry meets at times fixed by the members or by the Diocesan Synod. Special rneetings may be convened at anytime bythe Chairperson orthe Church Wardens. In 2022the Selectvestry met on 8 occasions.The average attendance was 73Y.. Complionce with Public Benefit The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the actives entered into during the year have helped to achieve the Parish's objectives and activities, as well as providing public benefit.
Saintfield Parish Church Trustees, Annual Report for the year ended 31 December 2022 (continued) Statement of Trustees, Responsibilities The Trustees are responsible for preparing the Trustees, Report and the Statement of Receipts and Payments and Statement of Assets and Liabilities in accordance with applicable law and regulations. The law applicable to charities in Northern Ireland with Income of less than £250.000 requires the Trustees to prepare a statement of receipts and payments and a statement of assets and liabilities for each financial year. The Trustees are responsible for keeping accounting record5 that are sufficient to show and explain the Parish'5 transactions and disclose with reasonable accuracy at any time the assets and liabilities of the Parish. 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. Signed on Behalf of the Trustees Rev. Chris Pollock Mr Stephen Erskine Mrs Caroline Kearney Date: 20 March 2023
Independent Examinerfs Report to the Trustees of Saintfield Parish Church We report on the accounts of Saintfield Parish Church for the year ended 31 December 2022, which are set out on pages 11-16. Respective responsibilities of charity Trustees and examiner As the charity's Trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Irelandl 2008. It is our responsibility to- Examine the accounts under sertion 65 of the Charites Act Follow the procedures laid down in the general Direction given by the Cornmission under section 6519llb) of the Charities Act State whether particular matters have come to our attention. Basis of independent Examinerfs Report We have examined your charity accounts as required under section 65 of the Charites Act and our examination was Carried out in accordance with the general Directions Eiven by the Charity Commission. Our examination included a review of the accounting records kept bythe 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- That accounting records were not kept in accordance with section 63 of the Charities Act That the accounts do not accord with those accounting records That the accounts do not cornply with the accounting requirements of the Charites Act 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent Examinerfs statement We have completed our examination and have no concerns in respect of the matters111 to141 listed above and in connection with following the Direttions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention. Hamill Mcllwaine Chartered Accountants 28-30 Old MountField Road Omagh. Co. Tyrone BTA9 7BJ Date- 30 March 2023 10
Saintfield Parish Church Receipts and Payments Account for the year ended 31 December 2022 Unrestricted Funds 2022 Restrirted Funds 2022 Endowment Funds 2022 Total 2022 Total 2021 Note Recei Donations & plate collection Proceeds from Fund Raising Events Legacies Bank & Deposit interest Investment income Rental of premises Sale of Unit Trusts Grants Receipts frorn General Trustees Other Receipts 92,604 14,627 107,231 98,169 136 19,771 6,380 loo,000 142 29,035 6,380 loo.000 622 27,484 5,130 9,264 1,190 1,190 4,049 Total Recei 220.081 23,897 243,978 135,454 Pa ments Wages and Salaries Diocesan Costs/Assessment Church Running Costs Rectory / Curacy Costs Hall / Property Costs Investment Property Costs Hall renovation expenses Purchase of fixed assets Purchase of new investments Administration Costs Fundraising Costs Charitable Donations 63,712 20,764 5,969 3,202 11,055 9,772 73,484 20.764 10,477 3,227 16,338 55,030 20,786 8,897 2,948 10,373 4,508 25 5,283 10,322 7,524 7,524 6,310 78 7,629 7,707 1,320 Total Pa ments 112,304 27,217 139,521 115,986 Excess of Receipts over Payments for the year before transfers 107,777 13,3201 104,457 19,468 Transfers Exce55 of Receipts over Payments for the year 107,777 13,3201 104,457 19,468 On Behalf of the Trustees Rev. Chris Pollock Date . 20 March 2023 Caroline Kearney Date . 20 March 2023
Saintfield Parish Church Statement of Assets and Liabilities as at 31 December 2022 Unrestrirted Funds 2022 Restrirted Funds 2022 Endowment Fund5 2022 Total 2022 Total 2021 Cash Funds Current and cash Accounts Deposit Accounts Total Cash Funds 77,270 100,136 177,406 26,959 3,818 30,777 104,229 103,954 208,183 94,766 8,960 103,726 Investment Assets Investments Total Investment Assets 435.650 435,650 65,264 65,264 500,914 500,914 638,167 638,167 Assets retained for the Parish's own use Vicarage Church House Total Assets retained for the Parish's own use 628,372 237,602 628,372 237,602 584,532 221,025 865,974 865,974 805.557 On Behalf of the Trustees Rev. Chri5 Pollock Date- 20 March 2023 Mrs Caroline Kearney Date . 20 March 2023 Mr. Stephen Erskine Date . 20 March 2023 12
Saintfield Parish Church Notes to the financial statements for the year ended 31 December 2022 l. Accounting policies Set out below are the principal accounting policies which have been adopted in the cornpilation of the Receipts and Payments Account and the Statement of Assets and Liabilities. la) Receipts and Payments Account All iterns of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. {b} Statement of Assets and Liabilities (i) Assets retainedfor the Porish's own use The assets of the Parish, retained for its own use comprise:_ Church Building and Graveyard Parish Hall Vicarage Church House The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP IFRS102) These Heritage assets are not included in the statement of assets and liabilities as information on the cost or valuation is not available and such information cannot be obtained at a cost cornmensurate with the benefit to the users of the accounts and to the Parish. The Parish Hall Was built / acquired in 1971. There are no reliable records of the cost of this con5truction/ acquisition and valuation approach for such a building lacks sufficient reliability- As a result, this building is not recognised in the Parish statement of assets and liabilities. Ilnsurance values reconstruction at £1,123,859) The Vicarage is recognised at its insurance value of £628,372. No depreciation has been provided on the Vicarage as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. The Church House is recognised at its insurance value of £237,602. No depreciation has been provided on the Vicarage as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. ii) Investments Fixed asset investments comprising investrnents in M&G Charifund, NICIFC , investments in equities lordinary shares) and investment in RCB/CIT Unit Trusts are stated at fair value at each year end date. 13
Saintfield Parish Church Notes to the financial statements for the year ended 31 December 2022 (continued) Reconciliation of Cash Funds Total Cash Funds at Beginning of the year Receipts for the Year Payments forthe Year Total Cash Funds at end of the year 103,726 243,978 1139.521} 208,183 Movement in Funds Atljan 2022 Incoming Resources Outgoing Resources At 31 Dec 2022 Movement Transfers Restricted funds Organ fund Scarlett bequest Property account Trusts and bequests account General Fund Graveyard Fund 4,160 7,190 8,960 409 6,160 12151 {4,202) 15.148} 194 1,958 15,1421 4,354 9,148 3,818 5,642 2,760 6,212 8,350 23,897 12061 16,7461 110,7001 127,2171 2,554 15341 12,3501 13,320) (1,5501 534 1,016 6,646 3,745 29,697 2,411 26.377 Unrestricted funds General Fund RCB deposit account Trusts and bequests account 74,029 100,174 100,136 1112,304) 112,1301 100.136 19,771 81.670 100,136 19,771 220,081 19,771 107,777 {19,7711 74,029 1112,3041 181,806 Total funds 103,726 243,978 1139,5211 104,457 208,183 Pur oses of Investment Funds Incorne from the RCB Unit Trust bequests is used for various purposes and is distributed according to the Terms of Trust on the Trust Distribution Report. The use of capital from these holdings is not allowed except by special request and must be approved by Diocesan Council and RCB. Income from the Church of Ireland Trustees bequests is used for various purposes and is distributed according to the Terms of Trust on the Trust Distribution Report. The vestry holds sole authorityto use. Income from the Central Investment Fund for Charities bequests is used for various purposes and 15 distributed according to the Terms of Trust on the Trust Distribution Report. The capital within these holdings can be used within the restrittions of the bequests. The Vestry holds sole authority to use. 14
Saintfield Parish Church Notes to the financial statements for the year ended 31 December 2022 (continued) -Income from the M&G Charifund bequests is used for various purposes and is distributed according to the Terms of Trust on the Trust Distribution Report. The capital within these holdings can be used within the restrictions of the bequests. The vestry hold sole authority to use. Pur oses of Restricted Funds Organ Fund- This is a fund to provide for the upkeep of the organ. Scarlett Bequest Fund- This is a discretionary account administered by the Vicar and Church Wardens to support the work of the Parish. Its money is restricted. Property fund: This is a fund to provide for the upkeep of the Church's propertie5. Trusts and Bequests Fund: This is a fund used to receive the incorne from the endowment funds and distribute the income according to the instructions of each bequest. Donations and Plate Collections Unrestricted Funds 2022 Restrirted Funds 2022 Total 2022 Total 2021 FWO and annual donations Cash collections Gift Aid Gifts received Graveyard fees and donations Donations received Covid donations 72,982 333 14,105 72,982 333 71,990 385 15,257 941 15,046 2,924 750 1,510 7,409 6,277 10,333 7,027 1,510 10,537 92,604 14,627 107,231 98,169 Collections for Third Parties 2022 2021 Royal Ulster Constabulary GC/ Royal British Legion Poppy Appeal Boring Wells Charity Christian Aid Foodbank Ballynahinch pips Made for More Bishops Appeal Ukraine Appeal 2022 435 80 200 280 139 390 1,863 1,546 241 3.430 134 6,212 2,526 The monies collected on Remembrance Sunday of £435 wa5 rounded up to £485 by the Parish before being distributed. Similarly, the monies collected in December on the street for'made For More, of £1,546 was rounded up to £1,600 by the Parish before being distributed. 15
Saintfield Parish Church Notes to the financial statements for the year ended 31 December 2022 (continued) 6. Transartions with the Trustees The Parish paid expenses of £3,227 relating to the running costs of the glebe house which is occupied by the rector. Two Trustee5 received reimbursement of expenses totalling £408 during the year. The Vicar is paid a gross salary lincluding expenses and Locomotory Allowance) of £44,226 by the Parish. No Trustee or a person related to a Trustee had any personal interest in any contract or transaction entered into by the charity during the year. 7. Governance Costs Governance costs of £768 were incurred during the year of which £768 relates to fees paid to the independent examiner. Governance costs are included within Administration costs in the Receipts and Payrnents Accounts. 16