Saintfield Parish Church Trustees, Annual Report and Statement of Receipts and Payments and Asset5 and Liabilities For the year ended 31 December 2024 Annual Charities Number: NIC 101048
Saintfield Parish Church Annual Report and financial statements for the year ended 31 December 2024 Contents Pages References and administrative details of the Charity Trustees, Report Financial Review Structure, Governance and Management io-ii Independent Examinerfs Report to the Trustees 12 Receipts and Payments Account 13 Statement of Assets and Liabilities 14 Notes to the financial statements 15-18
Sainle1d Parish Church References and administrative details Charity Name: Saintfield Parish Church Charity Registration Number- NIC 101048 Contact Address: 4345 Main Street Saintfield Ballynahinch County Down BT24 7AB Trustees Rev. Chris Pollock Dawn Gordon Stephen Erskine Linda Bloomer Craig Mccarter Peter Andrews Bryce Hetherington Craig Weston June Butler Joy Whitley Caroline Kearney Carol Andrews Catherine Griffith Rosemary Armstrong Leonard Hill Pamela McNamara (Elected 2024) Phylis Whiteside (Elected 20241 Judith Stevenson (Retired 20241 Kate Beattie (Retired 2024) 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 Pamela McNamara Phylis Whitesidè Craig Weston Joy Whitley Independent Examiner Hamill Mcllwaine Chartered Accountants 28- 30 Old Mountfield Road, Omagh, Co. Tyrone BT79 7BJ Bankers Danske Bank 32 Main St. Saintfield, Ballynahinch Co Down BT24 7ABI
Saintfield Parish Church Trustees, Annual Report for the year ended 31 December 2024 The Trustees present the Annual Report and Statements of Receipts and Payments and Assets and Liabilities for 5aintfield Parish Church for the year ended 31 December 2024. Objectives and Activities The charitable purpose of the Church of Ireland 15 the advancement of religion. The principal funttion of Saintfield Parish Church is to support the advancement 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 benef its of Christianity. As a result of activity in the pursuit of the advancement of the Christian religion, the Saintfield Parish Church has custody 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 ri I have over the past couple of years been singing in the Ards Choral Society and enjoy again being part of a 4- part Choir (Soprano, Alto, Tenor & Bass.. SATBI. We held a recent concert singing a large range of music from modern complex choral pieces such as 'The Seas Lullab¢ & 'No Night there, to simple ones with Latin words with each 'patf ISATBI using different notes to create the one melody in the ears of those listening. One piece entitled 'The Road Home, has words af faith that for me echo the word5 of hope in God that we want everyone to hear in their heart concerning Jesus. The first verse describes how many people sense what is missing in life and the questions they have:
Tell me. where 15 the road I can call my own, That I left, that I lost, So long ago? All these years I have wandered, Oh. when will I know There'5 a way, there's a road That will lead me home? The Road Home Over the past year, I feel that Saintfield Parish has been using 4 different types of 'part' to invite people to re- discover The Road Home, so that question5 are transformed into answers. However. instead of being 'Soprano, Alto, Tenor and Bass, our Church offers another 4 ways to 'sind about God, that individually all use different notes and melodies, but when added together create a harmony that allows the words to be heard in ways that are amazing, true and filled with a Jesus. love and mission. So, for example, instead of there being a 'Soprano' part, we have the top line of 'Sunday worship. where we together offer praise, prayer and hearthe preaching of God's Word every week. Over the past year this 'S' in our 8.30am Holy Communion has retained a dedicated, consistent number of people. Donna Matchett with careful thought and understanding leads us in thi5 Service and guide5 us in our prayers. Dennis Matchett every Sunday is the A551Stant Church Warden setting things up and welcoming people in and lan Logan helps us in a Super way, a5 and when we need him. This Sunday Worship is such blessing to those who want traditional worship and weekly Holy Communion. Thanks to everyone for their leadership, contribution and support. 10.00am Sunday Worship uses currently a combination of Holy Communion, Morning Prayer and S.P.A.C.E. to 'sin of Jesus. Numbers have increased slightly over each month with new faces welcomed. I want to thank= Michael Harris for hi5 consistent and lovely playing of our church organ,. Craig Mccarter for inspiring piano playing; Jackie Todd on Power Point and our two marvellous Church Wardens. Phylis Whiteside and Pamela McNamara for a warm welcome and efficient organisation before the Service. Thank you to everyone who offers Flowers for the Church. It is very kind and makes everything look beautiful. Thanks to Alan Higgins from the Diocese for his invaluable leading of worship and the preaching of God's Word every month and the blessing of Canon lan McDonald in his leading and preaching. June Butler has thoughtfully led us in prayer every month and we also have super teams of people providing food for SPACE and after our 10.00am Sunday Worship.
11,00am REFRESH ha5 also been growing in number5 and for our young families/work, this is so encouraging. Katie Cooke, Deirdre Hill, Lauren Whitley and Sarah Mccarter have Stepped up into helping with some of the talks for REFRESH and SPACE. I could not do it without their gifts of time and energy. Once again, I say thank you to all those who take Seriously their Baptismal Promises as we help our young children 'sing' of God, that they may grow in faith in our church family. We are keeping in place this pattern of Sunday Worship, seeking to grow through invitation, Bapt15ms and hopefully Confirmations. We have a consistent 11 people on Wednesday 10.00am Holy Communion. A'Life Group, have explored the 'Letter of Romans, and a Prayer Course with Pete Grieg, all adding greatly to our discipleship as we travel on he Road Home,. Thank you for your commitment and fellowship. This 'part' of Sunday Worship in Church life is probably the most familiar to all and what everyone 'sings' in, weekly, monthly or at special times of the year. It offers the main melody of Jesus and with the recent 'Reason for Hope, mission, it is so encouraging to hear even more clearly of this Jesu5 and 'The Road Home, We need th to grow Sunday Worship and so our 250 Anniversary celebrations will have a clear emphasis on this 'S', its past as well as its future. Thavs our first part that sings of The Road Home. through Sunday Worship. Our second line in our choir is the 'Alto' part that we will instead describe a5 being our 'Admin' line that is fulfilled through roles in the Church, 'paid' 25 well as that of 'volunteer' The skill set and dedication of all 'Admins" adds a necessary depth and harmony to what'5unday Worship, offers. Our 'Admins' sing firstly in the Church Office with the superb Sally Milligan as our Admin Officer offering a great welcome to everyone who comes in, answering queries and supporting in so many ways the Vicar and the Treasurer. Next is lan Gordon as our outstanding Sexton who looks after the Admin of the Church/Hall/Graveyard making sure all is set out, heated properly and tidied. Then he cuts the grass and repairs all broken items to a marvellous standard 35 well as offering an Annual 12 hoursit Outllll Finally, in the Office is William Drury as Graveyard Convenor looking after the admin of our 'Service of Thanksgivings, greatly helping families who are having to cope with difficult situations of loss. William keeps all necessary records up to date, Graveyard maintenance and repairs and answering the endless queries about plots, fees, regulations and headstones. Thanks at this point to Linda Bloomer for being part of our Graveyard Committee who with the Vicar, William and lan represent the Vestry for Graveyard decisions that need to be made. Other'Admins' are the Select Vestry who as Charity Trustees look after the management of our Church. They meet monthly to make informed decisions concerning fabric, finance and faith. We, for example had to authorise a £6.5k Capital Work to rectify a drains problem at the Hall which needed careful discussion as to its cost and completion. The Select Vestries dedication and conversations are such a blessing and each member 15 consistent in attendance of meetings as well as being together in Sunday Worship.
Stephen Erskine a5 the Hon Sec is excellent in his Minute taking and Letters representing the Church at Diocesan and community level. Craig Weston and Joy Whitley as Glebe Warder)s have had to look after Vicarage grounds and necessary repairs and Rosemary Armstrong represents the constantly up-dated Safeguarding requirements. A big thank you also to our 'Admin' of Kate Beattie as Safeguarding Chair, lan Logan, Joy Whitley with Rosemary fortheir contribution and wisdom. Caroline Kearney is an outstanding Hon Treasurer. Payments are made on time, records kept up to date and working closely with Jean Perrin Iwho countersigns as well as managing our Beque5tsl. Caroline'5 precise data for each Vestry meeting is clear and concise, allowing us to budget effectively and make healthy informed decisions. We are very fortunate to have her in this role with Jean and Sally supporting her. Thanks also to Glenda as our Independent Examiner for her guidance and advice through this process and the endless shifting scenes of 'Charity Commission, land. •Chrisl before me. + .gfv- Other'Admin' volunteers who sing their'parf are those involved in our Parish communication. We moved last year away from a weekly newssheet to a monthly Magazine with Leonard Hill as iys editor. Leonard collates the material, formats the Magazine and delivers it to those who do not have computers or social media. Big thanks to Muriel Hilman for delivering as well. Leonard's management makes sure our communication is all up to date, relevant for the Church and community and neatly integrates with Chris, Facebook/WhatsApp posts. .r Thank you to all these people who as 'Admins' sing their part, adding to what we sing on Sunday Worship. We might not always hear the 'parf they sing, but we recognise the impact and difference they make and how less effettive we would be a5 a church without them and their'mu51C'. Next, the Tenors who 'sing' are all our Teams, who serve both the Church and Community. Their part of the 'sonl adds to 'Sunday Worship, & 'Admin" helping even more people hear of Je5US through activities and close relationships and connections. Mothers, Union is a 'Team' for example, that meets every l Tuesday of most months. Their committee together work hard to provide a programme to help all women explore their Christian Faith. There is a lot of fun and food. Everyone in the MU is very connected to this branch, the Diocesan Branch and the worldwide family. Our MU offer5 so much to our Church as they too 'sing' their part of what 5ainffield Parish tells of Jesu5. On Mondays, we have a growing Pitter Patter Team, who serve the community. Sarah Mccarter. Dawn Gordon, Joanne Mccavera, David & Valda Mccarter all work very hard in setting up on Sunday, and on Monday, providing food and fun to all, making everyone welcome. Also, on Mondays is our'Knit and Chay Team" crafting all sorts of items, learning new skills and enjoying being together. Thanks to Jean Perrin for establishing this activity and making it so much fun.
Wednesday Welcome ha5 been established for over 13 years now and every 2 week5, has grown a small community who all know and support each other. The committee of Julie Ritchie, Andree Rea, Ann Drury, Mervyn Smyth has grown thi5 year with Liz Bateman joining. WW continues to offer a range of activities both in the hall and outside that bless people in the community making everyone welcome. Thank you. Men Alive is a new men's group meeting every month for a combination of food, faith and fun. Different event5 have involved road trips to Stormont Buildings as well as Crumlin Road Gaol or maybe just having breakfast together. Such a big thankyou to Leonard Hill and Ronnie White for looking after things and seeing more and more men come along and joining in. Our church 15 ble55ed with Badminton and Bowling Clubs run by William Drury and lan Gordon. These are very social and have seen more people join over the past year but there is alway5 room for more. Thanks to lan and William for 5ettin8 up and running both nights. Our Teams, also are people who help the Vicar in some pastoral needs. Dawn Gordon was part of the visiting team and Jillian Barnes offered time to help the Vicar in offering communion to some folk in Tullywest Residential. There 15 a need to grow this team 50 that we can keep healthy contart with more people in Church who for various reasons can't join in worship anymore. A big thanks to Dawn and Jillian for all they have offered. So that's the 'Teams' through which some people in our Parish 'sing' together These Teams, add greatly to Sunday Worship and our Admin parts, connecting many in our community so that the sound ofJesu5' music is heard in people's live5 through new opportunities and f riendships. Thank you to all our Yeam5" And so f inally, 'the Bass line I l ! I, The final part of our Church Choir and whose 'singing' completes everything we sing about 'The Road Home,. And the 'Bass line, for any Church is Mission. For if SaintField Parish is complete through singing of Mi55ion and of Jesus, then we are not being the people of God we are called to be. Presently, we are in partnership with 3 'Bass' Singers who empower Mission in Saintfield Parish. Firstly, our Christian brothers and sisters in La Paz, Bolivia, Church of the Redeemer and SAMS Ireland have been helping us in so manyways. This partnership helps us 'sing of M ission, albeit in spanish to help us grow and develop in who Jesus is for us. Pastor Da-vid has been super in sending photos and videos to Show our partnership at work and SAMS Ireland have encouraged us through Claire Holmes and Stephen McElhinney. We are looking towards 2026 to developing involvement through some form of physical vi51tation or integration with La Paz.
Our Bass line also has the support of I" and 2. Saintfield Presbyterian Churches and Rico Tice for our 'Reason for Hope, events. This offered such an impact for our community through warmup events and the actual weekend itself. All events were very well attended and I know God spoke clearly through Rico that many people could see in a new way, or perhaps for the first time. whatthe The Road Home, in Jesus offered them. In hearing God's voice, they know the direttion their lives can now take and how each of our Churches will walk alongside those who take that first step. I hope more connection with both churches can be made for the future and for the community. Finally, the last 'Bass singers, are the Diocesan Office and bishop David who are very much part of our Mission 'Son. Their input and advice are much appreciated especially as we want Mission to be in line with the bigger picture of Diocesan Mission and Evangelism that is core to church growth and diocesan aspirations. We were very pleased to have Millie Bellew (Diocesan Youth Support) with us in November at SPACE and very encouraged by what she shared with us. We look forward to our bishop at Harvest 2026 and our Archbishop th John McDowell in March 2026 for our 250 Anniversary SeNice. As we approach our 250 Anniversary on 2026,1 hope to increase the Tenor/Bass sections to help us 'Sin their parts. We also need to connect more with people in our community to achieve what 2026 could be for God and us. We are not simply wanting to celebrate the Parish Churches place in 5aintfield Main Street but being the at the heart of the community- At present. we have some plans in place and a letter is going to be sent out to the Parish and to all sorts of Team5, to see how we can all work much more closely together for 2026. A N N I V E R S A R Y One road leads home and a thousand lead into the i%?Iderness. Rise up, follow me, Come away. is the call. With the love in your heart As the only song- There is no such beauty As where you belong.. Rise up, follow me, I will lead you home.
The final verse of The Road Home, is the hope that offers the destination that the world cannot. Jesus as 'The way, the truth and the life, is the song we need to sing of. Jesus is The Road Home, for all. The 4 'parts' of Saintfield Pari5h1SATBI Sunday Worship, Admin, Teams and the Bass line of Mission ISATBI 'sing' together that the full impact of God's Good New5 can be heard and not just heard, but felt and not just felt, but responded too. We need people to recognise that the questions of the first verse that reveal what is missing ir) life and death, have answers in the final verse of The Road Home,. Jesus exists calling them to be his song, his assurance of God's Love, his true presence on the journey, his new direction and destination, his new'Home' the world cannot offer for life or death. Saintfield Parish in the past year ha5 sung of Jesus in such a powerful way, with each 'part' harmoni5ing what we sing of Jesus. May 2025-2026 continue to sing of Jesus and his 'Road Home,. May we in singing our different 'part5' we invite people to stop, hear, listen and realise that Jesus is the one their lives are missing. May we always welcome home those whom Jesus calls to 'rise up and follow me, so that they are never alone forsaintfield Parish will always walkwith them on this road, passing the cr055 and then empty tomb, leading U5 beyond the horizons where we will all know God in the most amazing and hope filled and truest of way5. Amen
Saintfield Parish Church Trustees, Annual Report for the year ended 31 December 2024 (continued) Financial Review For the year ending 31 December 2024, total Parish receipts amounted to approximately £162,000. We are pleased to report a rise in the number of Parishioners contributing their Freewill Offering IFWOI via standing order, following the launch of the GIFT initiative. We want to extend a heartfelt thank you to everyone who has chosen this method of giving. It greatly helps us in budgeting and forecasting our cash flow for the year ahead, ensuring that we can continue to support our Parish activities and maintain our services. As we reflect on the financial year 2024, we are pleased to report that our Parish Hall income from the rental of premises has continued to rise, thanks to the increased use by new groups. This positive trend is something we aim to build on as we move into 2025. However, we did see a decrease in graveyard income during the same period. Our investments continue to remain steady, with restricted investments valued at approximately £67,000 and unrestricted investments at £306,000. We are grateful for the generous donations we received, totalling £15,000. Of this, £9,000 was transferred to M&G Charifund, further boosting the unrestricted investment value. Additionally. £5,000 was spent on new doors for the Parish, enhancing our facilities, and £l.000 was paid to the Diocese of Down & Dromore towards the Suitcase Projert. These efforts, alongside your ongoing support, help us ensure thatwe continue to meet the needs of our Parish and community. As we continue into 2025, the Parish's running costs have continued to rise. In 2024. our total expenses amounted to approximately £169,000. which includes the final retention fee of £8,600 for the Vicarage refurbishment. In light of these ongoing financial pressures, we once again encourage all Parishioners to consider increasing their monthly Freewill Offering IFWOI. Your generous support helps us to maintain the vital services and community activities that are central to our mission, and allows us to meet the rising costs of our operations. We deeply appreciate your continued commitment, kindness and generosity to the Parish and thank you for your thoughrful and faithful giving. Every contribution makes a meaningful difference. Saintfield Parish Church operates a robust dual control mechanism for both receipts and payments. This system ensures that all financial transactions are closely monitored and verified. Each month, reconciliations are performed and cross-checked to guarantee that financial allocations are categorised correctly and accurately. Additionally, the financial position of the Parish is presented to the Select Vestry at each meeting, with full transparency and examination encouraged. This ensures that all decision5 are made with careful consideration of our current financial status. We are committed to maintaining financial integrity and transparency, and we appreciate the ongoing support and engagement of our Parish community in these matter5.
Sainttield Parish Church Trustees, Annual Report for the year ended 31 December 2024 (continued) Going Concern The Trustees have carefully reviewed the budgets for the year ahead and are satisf led that there are adequate funds in place to ensure that the Parish can continue its activitie5 Wlthout disruption. Based on thi5 review, the Trustees are confident that the financial position of the Parish remains strong and sustainable. As a result, the Financial Statements for the year ended 31 December 2024 can be signed off as a going concern, allowing us to move forward into the new year with confidence. Strurture, Governance and Management Governing Document and Constitution of the Charity Chapter111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees. Recruitment and Appointment of Selert 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 meetings 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-elected annually and there is no limit on the number of terms which may be served. Pay and remuneration The Vicar is 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 2024. Orgonisationul Structure 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 twelve other members of the General Vestry eletted 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 matter5 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 Vicar 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 meetings may be convened at any time by the Chairperson or the Church Wardens. In 2024 the Select Vestry met on 7 occasions. The average attendance was 82Q/o. 10
Sainffield Parish Church Trustees, Annual Report for the year ended 31 December 2024 (continued) Compliance 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. 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 records that are sufficient to show and explain the Parish's transartions and disclose with reasonable accuracy at any time the 35sets 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 PolloGk Mr Stephen Erskine Mrs Caroline Kearney Date: 1913125
Independent Examinerfs Report to the Trustees of Saintfield Parish Church We rèport on the accounts of Saintfield Parish Church for the year ended 31 December 2024, which are set out on pages 13-18. 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 Ireland) 2008. It Is our responsibility to.. Examine the accounts under section 65 of the Charites Act Follow the procedures laid down in the general Direction given by the Commission under section 6519llbl of the Charities Act State whether particular matters have come to our attention. Basis of independent Examinerf5 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 given by the Charity Commission. 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 disc105ures 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 u5 cause to believe.. l. That accounting record5 were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirement5 of the Charite5 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 Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention. FtaMiLL MoiLwou Hamill Mcllwaine Chartered Accountants 28-30 Old Mountfield Road Omagh, Co. Tyrone BT79 7BJ Date.. 19/3125 12
Saintfield Parish Church Receipt5 and Payments Account for the year ended 31 December 2024 Unrestricted Funds 2024 Restricted Funds 2024 Endowment Funds 2024 Total 2024 Total 2023 Recei Donations & plate collection Proceeds from Fund Raising Events Legacies Bank & Deposit interest Investment income Rental of premises Sale of Unit Trusts Grants Receipts from General Trustees Other Receipts 98,937 12,459 111,396 161,222 10,000 142 11,864 11,918 5,000 15,000 149 22,024 11,918 1.000 942 22,503 9,163 139,926 10,160 1,152 1,152 2.165 Total Recei 134,013 27,626 161,639 336,921 Pa Wages and Salaries Diocesan Costs/Asse5sment Church Running Costs Rectory / Curacy Costs Hall / Property Costs Investment Property Costs Vicarage renovation expenses Purchase of fixed assets Purchase of new investments Administration Costs Fundraising Costs Charitable Donations 71,904 20,442 8,186 3,761 10,126 6,475 8,602 3,959 75,863 20,442 18,284 3,788 10,126 7,393 8,602 76,039 20.916 12.393 4.185 9,459 16,695 338,352 10,098 27 918 9,000 9,738 9,000 9,738 1,000 7,452 75 5,467 5,542 8.270 Totsl Pa ments 148,309 20,469 168,778 494,761 Excess of ReIpts over Payments for the year before transfers 114,2961 7,157 17,1391 1157,8401 Transfers Excess of Receipts over Payments for the year 114,2961 7,157 17,1391 1157,8401 On Behalf of the Trustees Rev. Chris Pollock Caroline Kearney Date . 1913125 Date .' 1913/25 13
Saintfield Parish Church Statement of Assets and Liabilities as at 31 December 2024 Unrestricted Funds 20Z4 Restricted Fund5 2024 Endowment Funds 2024 Total 2024 Total 2023 Cash Fund5 Current and cash Account5 Deposit Accounts Total Cash Funds 11,337 137 31,462 269 31,731 42,799 406 43,205 49,706 637 50,343 11,474 Investment Assets Investments Total Investment Assets 306,082 306,082 67,499 67,499 373,581 373,581 355,417 355,417 A55ets retained for the Parish's own use Vicarage Church House Total Assets retained for the Parish's own use 709,274 268,193 709,274 268,193 675,499 255,422 977,467 977,467 930,921 On Behalf of the Trustees Rev. Chris Pollock Vic3r Mrs Caroline Kearney Hon Treasurer Mr. Stephen Er5kine Hon Secretary CI7A Date .' 1913125 Date .. 1913125 Date .. 19/3125 14
Saintfield Parish Church Notes to the financial statements for the year ended 31 December 2024 l. Accounting policies Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities. la) Receipts and Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. (bl Statement of Assets and Liabilities (i) Assets retoinedfor the Parish'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 IFR5102} o These Heritage as5et5 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 commensurate with the benefit to the users of the accounts and to the Parish. The Parish Hall o Was built / acquired in 1971. There are no reliable records of the cost of this construction/ 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 value5 reconstruction at £1,268,556) The Vicarage is recognised at it5 insurance value of £709,274. 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 £268,193. No depreciation has been provided on the Church House 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 investments in M&G Charifund, NICIFC , investments in equities lordinary shares) and investment in RCB/CIT Unit Tru5t5 are stated at fair value at each year end date. 15
Saintfield Parish Church Notes to the financial statements for the year ended 31 December 2024 (continued) Reconciliation ol Cash Funds Total Cash Fund5 at Beginning of the year Receipts for the Year Payrnents for the Year Total Cash Funds at end of the 50,343 161,639 1168,7781 year 43,204 Movement in Funds Atljan 2024 Incoming Resources Outgoing Resources At 31 Dec 2024 Movement Transfers Restricted funds Organ fund Scarlett bequest Property account Trusts and bequests account General Fund Graveyard Fund 4,666 3,540 501 12151 14,8961 12381 229 1,861 12311 4,895 5,401 270 6,757 7,668 3,066 8,856 8,496 27,626 17951 19,3741 14,9511 120,4691 2,271 15181 3,545 7,157 11,754) 518 1,236 8,185 3,880 20,255 8,661 27,412 Unrestricted funds General Fund RCB deposit account Trusts and bequests account 29,951 137 122,453 1148,3091 125.8561 11,560 15.655 137 11,560 134,013 11,560 114,2961 111,5601 30,088 1148,3091 15,792 Total fund5 50,343 161,639 1168,7781 17,1391 43,204 Pur oses of Investment Funds Income from the RCB Unit Trust bequests is used for variou5 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 frorn 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 hold5 sole authority to use. Income from the Central Investment Fund for Charities bequests is used for various purposes and is distributed according to the Terms of Trust on the TrLJSt Distribution Report. The capital within these holdings can be used within the restrictions of the bequests. The Vestry holds sole authority to use. 16
Saintfield Parish Church Notes to the financial statements for the year ended 31 December 2024 (continued) -Income from the M&G Charifund bequests is used for various purposes and is distributed according to the Term5 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 Fund5 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 rnoney is restricted. Property fund.. Thi5 15 a fund to provide for the upkeep of the Church's properties. Trusts and Bequests Fund: This is a fund used to receive the income from the endowment funds and distribute the income according to the instructions of each bequest. Donations and Plate Collections Unrestricted Funds 2024 Restrirted Fund5 2024 Total 2024 Total 2023 FWO and annual donations Cash collections Gift Aid Graveyard fees and donations Donations received 78,932 2,058 16,472 1,475 78,932 2,058 17,561 8,882 3,963 75,489 1,902 16,501 11,904 55,426 1,089 7,407 3,963 98,937 12,459 111,396 161,222 Ctslle¢tions for Third Parties 2024 2023 Royal Ulster Constabulary GCI Royal British Legion Poppy Appeal Maridi Bike5 MS Society Nl Foodbank Ballynahinch Planting Fund SAMS DEC Earthquake Appeal Alzheimers Society 530 324 319 1,397 iio 1,000 500 190 963 1,233 2,466 3,856 5,176 The monies colletted for the Maridi Bikes of £319 was rounded up to £400 by the Parish before being distributed. 17
Saintfield Parish Church Notes to the financial statements for the year ended 31 December 2024 (continued) 6. Transactions with the Trustees The Parish paid expenses of £3,788 relating to the running costs of the glebe house which is occupied by the rector. The Parish also paid £8,602 for the renovation of the glebe house in the year. Three Trustees received reimbursement of expenses totalling £1,791 during the year. The Vicar is paid a gross salary lincluding expenses and Locomotory Allowance) of £49,950 by the Parish. No Trustee or a per50n 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 £850 were incurred during the year of which £850 relates to fees paid to the independent examiner. Governance costs are included within Administration costs in the Receipt5 and Payments Accounts. 18