Seapatrick Parish Church (Banbridge/Seapatrick/Holy Trinity and St. Patrick's/Down and Dromore/Church of Ireland) Annual Report and Financial Statements for the year ended 31 December 2023 Registered with The Charity Commission for Northern Ireland NIC101230
Seapatrick Parish Trustees, Annual Report for the year ended 31 December 20Z3 The Trustees present the annual report and financial statements for Seapatrick Parish forthe year ended 31 December 2023. Refrrence ond Administrative Information Charity Name: Banbridge/Seapatrick/Holy Trinity and St. Patrick's/Down and Dromore /Church of Ireland {otheIse referred to as'seapatrick Parish") Charity Registration Number: NIC101230 Contact Address: Church Square BANBRIDGE BT32 4AA Chority Trustees Venerable Roderic West- until September 2023 Alison Adams (Mrs) David Adams Oonagh Alway {Ms) Robert Barr Doreen Cherry (Mrs) Bill Gault-from April 2023 Freda Gilchrist {Mrs}- from April 2023 Chris Gilmore- until April 2023 Roly Harwood John Heasley Paul Humphries Claire Jones (Ms) Michael Mccarter Cathy Morton (Miss} Peter Morton Diane Ruddock {Mrs) Nigel Smyth Basil Stewart Darrell Stewart Ruth Taylor {Ms) Anna Williams {Rerfd} Prlndpal Office-beorers Rector: Venerable Roderic West Secretary: Mrs Alison Adams Treasurer: Basil Stewart Bankers Ulster Bank, Bridge Street, Banbridge, BT32 3JT
Seapatrick Parlsh Trustees, Annual Report for the year ended 31 December 2023 Strurture, Governance and Manoqement Goveming Document The Parish 15 administered in accordance with The Constitution of The Church of Ireland published by The General Synod of The Church of Ireland. Recrultment and Appolntment of Trustees All members of the Church of Ireland who are 18 years or over and are either resident or have been accustomed members of the congregation for at least three months, and have subscribed to parish funds in such a way that they can ask for a receipt, 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. A meeting of the general vestry, known as the Easter vestry, is held each year not earlier than twenty-seven days before, and not later than twenty days after, Easter Day. The general vestry meeting may not be held within the period from the Sunday next before Easter {Palm Sunday) to Easter Day (inclusive). At that meeting the Rector appoints a Rectorfs Churchwarden for Holy Trinity and a Rectorfs Churchwarden for St Patrick's," he also appoints a Rectorfs Glebewarden. The general vestry elect a People's Churchwarden for Holy Trinity, a People's Churchwarden for St Patrick's and a People's Glebewarden. The general vestry also elect twelve members to serve on the select vestry, with the Rector, Churchwardens, Glebewardens and Curate Assistant. All members of select vestry are appointed as the charity trustees. The select vestry, chaired by the Rector, is responsible for making decisions on matters of general concern and importance to the parish including deciding how parish funds are to be applied. Trustees do not receive remuneration, reward or other private benefit for carrying out their Trustee responsibility. Objertives & Actlvltles The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of Seapatrick Parish 15 to support the advancement of the Christian religion by promoting, through the work of Seapatrick Parish, 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, Seapatrick Parish 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 Seapatrick Parish.
Seapatrlck Parish Trustees. Annual Report for the year ended 31 December 2023 Objectives & Actlvltles (continued) In setting our objectives and planning our activities for the year the Select Vestry have given careful consideration to The Charity Commission for Northern Ireland's Public Benefit Requirement Statutory guidance to ensure that the activities have helped to achieve the charity's purpose and to provide a benefit to the beneficiaries. Beneficiaries of both the primary and Secondary charitable purposes are the general public and no harm flows from its purposes. Any private benefit arising out of the fulfilment of our Christian ministry or to lay staff is essential to the fulfilment to the purpose of the advancement of religion, but is purely incidental to the purposes of our work. Achlevements & Performance Our mission statement, Growing in God's Love and Sharing it with Others, underpins all that the Parish seeks to be and to do. We want to be a place where people come to faith and grow in faith as we show and share God's love to all those in the surrounding community - seeking to be the Church at the heart of Banbridge and Seapatrick. We offer a range of services on Sundays, throughout the week and over the course of the year, some following traditional format and others are of a more contemporary style. All are welcome to attend our services. We also provide weekly, monthly and annual programmes and activities for people of all ages. These include, Sunday Space/School, Creche, Inspire- Youth Fellowship, Ready, Steady, Gol Kids Club, Drop- In for those of secondary school age, Parents & Toddlers, Rhyme & Bounce, Tots Get-Together, Who Let the Dads Out? Connect Groups, Choir, CAP Lifeskills, Scouts and Guides, Men's Football, Bowling Club, Knitting and Crochet Group, Mothers, Union, Ladies, Guild. We also run Alpha Courses and other prayer and outreach initiatives. We have an annual Fete in June, a Community BBQ and Fun Evening in September and a Candle- light Carol SeICe in December. We continue to invest resources and staff time into community engagement programmes, including establishing a Christians Against Poverty Centre, a Baby Basics initiative and a number of community- based youth initiatives. These programmes and activities provide an opportunity for people to come together, enjoy each otherfs company and relax in a friendly environment, to develop and enrich friendships, to build community and a sense of belonging. They provide opportunities for people to come to faith, grow in faith and be encoura8ed to live out their faith in daily life through the power of the Holy Spirit. We also provide pastoral care and support to people of all ages and at all seasons of life, especially in times of illness, bereavement, challenge or distress. Mission and outreach are central to our life and existence. We engage with a wide range of people through a variety of activities in order to reveal God's love through teaching and in caring and practical ways.
Seapatrick Parish Trustees. Annual Report for the year ended 31 December 2023 Achlevements & Performance (continued) The Rector issues a monthly letter to every family within the Parish. This letter, together with the Website, social media, provides information to parishioners and others about church life, minstry and mission activity and information about Parish activities and organisations. We've also developed links and partnerships locally, nationally and internationally. This has included giving £2,500 to the Southern Area Hospice, £1,250 to New Wine Ireland, £5,200 to CMSI - Church Missionary Society Ireland, £1,000 to SAMS-South American Mission Society, £1,250 to Fields of Life, £1,000 to Nl Children's Hospice and £1,000 to B Positive. Financial Review The Parish's principal source of income is from envelopes and standin8 orders. Durin8 2023 we received two legacie5 totalling £45,000. The Curatage at Bannview Heights was sold in June 2023. The net sale proceeds of £186,000 are invested with RCB. Reserves. both unrestricted and restricted, continue to be in surplus with an adequate level of net current assets for the continuation of operational activities. There a no areas of financial concern noted by Select Vestry. Resernes Pollcy The Select Vestrfs policy is to retain a level of free reserves or general reserves which matches its needs at the current time and in the foreseeable future. Free reserves are those unrestricted reserves not invested in fixed assets, which are available for general use.
Seapatrick Parish Trustees. Annual Report for the year ended 31 Dernber 2023 Reserves Policy (continued) The main reason for holding reserves is to ensure that the charity has enough resources to fund its programme5 and to hold sufficient resources to meet its commitments. The Trustees believe that our reserves policy is both responsible and prudent, but have not specified a particular level of reserves to be held. At 31 December 2023 the Parish held unrestricted funds of £293,546 representing more than 9 months expenditure which is in line with what is regarded as an appropriate level. The Parish also held £877,991 of restricted funds which have been provided for the purposes specified in Note 16. Funds held as $tod10n trustee on behalAof others There are no funds held as custodian trustee on behalf of others. Plonsforfvture periods The Select Vestry intend to: carry out significant repairs to the organ in Holy Trinity Church carry out necessary repairs and refurbishments to church property. The Select Vestry continue to support the development of the 'Christians Against Poverty Centre,, the 'Baby Ba5iC5' project and 'Who Let the Dads Out?1 project. The Select Vestry also continues to support the development of initiatives in the parish and the local community, as we seek to be the Church at the heart of Banbridge and Seapatrick.
Seapatrick Parish Trustees, Annual Report for the year ended 31 December 2023 Payments to Charlty Mission and Charity Payments CMSI Kiwoko CMSI - Maridi Bishops Appeal-Turkey & Syria Appeal Bishops Appeal- Libya Appeal Bishops Appeal Middle East Relief Fund Bishop's Ministry Fund D & D Rejuvenation Fund D&D Church Plant Tearfund Christian Aid Christian Pastoral Aid Society Church Army Crosslinks Earl Haig Poppy Appeal Fields of Life Church of Ireland & Methodist Centre in Queen5 Intercontinental Church Society South Amercian Mission Society Board of Education New Wine Ireland Summer Madness Church Ireland Orphans & Childrens Society Air Ambulance St Johns Ambulance Love for Life Kilbroney Centre Southern Area Hospice Nl Childrens Hospice VIP Club B Positive Banbridge High School 1,200 4,CM)O 2,155 524 500 485 81 1,250 1,250 1,250 400 250 1,000 300 277 1,250 300 loo 1,000 100 1,250 200 300 850 300 1,000 500 2,500 I,OCM) 150 500 500 250 250 200 200 500 Habitat for Humanity pips Aware Nl Childrens Cancer 28,122
Seapatrick Parish Trustees. Annual Report for the year ended 31 December 2023 Stotement OA Trustees, Responsibilities The Charities Act (Northern Ireland) 2008 requires charity trustees to ensure that accounting records are kept which are sufficient to show and explain all the charitvs transactions, which disc105e with reasonable accuracy the financial position of the charity and enable them to prepare statement of accounts which complies with regulation under the Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In preparing those 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 applicable accounting standards and statements of recommended prattice have been followed, subject to any departures disclosed and explained in the financial statements; and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence. Approved by the charity trustees and signed on their behalf by, TJ B Stewart Treasurer
INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF SEAPATRICK PARISH I report on the accounts of the charity for the year ended 31st December 2023 which are set out on pages 10 to 21. Respertive responsibilitles of Trustees and Examiner As the charitvs trustees you are responsible for the preparation of the accounts in accordance with the Charitie5 Act (Northern Ireland) 2008. It is my responsibility to: examine the accounts under section 65 of the Charitie5 Att; follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act; and state whether particular matters have come to my attention. Basls of Independent Examlner's report I have examined your charity accounts as required under section 65 of the Charities Act and my 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. My 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 trustee5 concerning any such matters. My role is to state whether any material matter5 have come to my attention giving me cause to believe: l. That accounting records 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 cornply with the accounting requirements of the Charities Art 4. That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement Since your charity's gros5 income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a registered member of ACCA which 15 one of the listed bodies. I have completed my 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 Cornmission for Northern Ireland, I have found no matters that require drawing to your attention. B. Magennis FCCA FCA For and behalf of S.M. Vlnt & Co Chartered Certlfied Accountants & Reglstered Auditors 8 Newry Road Banbridge BT32 3HN 241h October 2024
io Seapatrlck Parish ststement of Financlal Actlvlties (including the Income & Expenditure account> For the year ended 31 December 2023 Note 2023 Unrestrlcted Restricted fund5 funds 2022 Unrestrirted Restrlcted fund5 funds Totsl Total Income and endowments from Donations and legacies Income from charltable activities Other income Investments 295.729 23,684 34A62 2229 4,309 4,372 40.997 3,572 300038 28JJ56 75A59 5801 277,919 13,362 55,834 1,533 4,569 6,191 2,670 282,488 19,553 58,504 1,533 Totsl 356,104 53250 409354 348,648 13,430 362,078 Expendlture on Choritable actfvlties 407251 29.512 436,763 370,463 28,870 399,333 Totsl 407251 29,512 436,763 370,463 28,870 399.333 Net IncomIn81{¢tE0In8) resource5 before transfers 151.1471 23,738 127A09) 121,8151 115,4401 137,2551 Trander between funds {2N211 2AZI 237 12371 Net movement In fund$ 153,5681 26,159 {27,409} 121,5781 115,6771 137,2551 Reconclllatlon of funds Total funds brought forward 347,114 85132 1.198.946 368,692 867,509 1,236.201 Totsl funds carried forward 16 293,546 877J91 1.171.537 347,114 851,832 1.198,946 The statement of flnancial actNities Includes all gains and losses recognlsed in the year. All income and expendlture derive from continuln8 actlvities. The note5 on pages 12 to 21 form part of these financial statements.
li Seapatrick Parish Balance sheet at 31 Dernber 2023 Note 2023 2022 fixed assets 12 790,000 940,000 Current assets Debtors Cash at bank and in hand 13 206,096 176,941 18,704 249.962 383.037 268,666 Creditors". amounts falling due wlthin one year 14 1,500 9,720 Net current assets 381,537 258,946 Total assets le55 current Ilabllltles 1.171.537 1,198,946 Total net assets 1,171,537 1.198,946 Unrestrfcted funds Restricted funds 16 16 293.546 877,991 347,114 851,832 1,171,537 1,198.946 These financial statements were approved and authorlsed for Issue by the Trustees on ........ .. and signed on its behalf by:_ Mrs AAdams- Secretary T J B 5tewart-Trustee The notes on pa8es 12 to 21 form an integral part of these financial statements.
12 Seapatrlck Parlsh Notes to the flnanclal statements for the year ended 31 December 2023 Gèneral inforrnation Banbridge/Seapatrick/Holy Trinlty and St. PatricKs/Down and Dromore/Church of Ireland {otherwise referred to as "Seapatrick Parish") Is a registered charity in Northern Ireland Inurnber NIC1012301. It is governed by its constltution as a Parish of the Church of Ireland and its principal place of operations is Church Square. Banbridge, BT32 4AA. Statement of wmpllance The flnanclal statements have been prepared in accordance with The Charities IAccounts and Reports) Regulations INorthern Irelandl 2015 and Accounting and Reporting by Charities: Statement of Recommended Prattice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- ICharitie5 SORP IFRS 10211, the Flnanclal Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102). Accountin8 policres The principal a¢¢ounting policies adopted. Judgements and key sources of estimation uncertainty in the preparatlon of the financial statements are as follows: a) Basls ol preparatlon The financial statements have been prepared on a golng concern basis under the historical cost convention and in accordance with Accounting and Reporting by Charlties= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021- (Charities SORP {FRS 10211. the Financial Reportin£ Standard applicable in the UK and Republic of Ireland IFRS 1021. The preparation of financial statements requiie5 the use of certain critical accounting estlmates. It also requires Trustees to exercise their judgment in the process of applying the charity's accounting policies. The areas involving a higher degree of judgment or complexity, or areas where assumptions or estimates are signiFicant to the financial statements are disclosed in note 4. The financial ststements include all transactlons, assets and liabilities for which the Parish 15 responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are Infomial gatherings ofchurch members. The presentatlon currency is £ Sterling. The Parish meets the definition of a public benefit entity under FRS 102.
13 Seapatrick Parish Notes to the financial statements for the year ended 31 December 2023 countlng polkles bl Fund accounting Funds are classified as either restricted funds or unrestrirted funds, defined as follows. Restricted funds are fund5 subjert to specrfic requirements as to thelr use whlch may be declared by the donor or with thelr authorlty or created throu8h le8al processes, but still within the wider objects 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 earmaiked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation ha5 an administratNe purpose only and does not legally restrict the trustees, discretion to apply the fund. c) Golng concern The Trustees have reviewed the charlty's tinancial position and conclude that they have a reasonable expertation that the charity has adequate resources to continue in operational ex15tence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financlal ststements. dl Income where Incomlng resources have related expendlture {as with fundraising income) the incoming resourtes and related expenditure are reported gross in the Statement of Financial Activlties. Voluntsry Income, Standlng Orders, Plate Collections and Weekly Envelopes are accounted for on a cash receipts basis as the amount is receivable. Income arising from the rental of Parish Halls to third parties Is recognised when the parish has entitlement to the tunds. any performance conditions attached to the income have been met. it is probable that the income will be recelved and the amount can be rneasuied reliably. Income from government and other grants. whether 'capital' grants or'revenue, grants, is recognised when the charlty has entitlement to the funds. any perfomiance conditions attached to the grants have been met. it is probable that the income will be received and the amount can be measured reliably and is not deferred. Legacies are included within Income under either unrestricted or restrlcted funds accordln8 to the terms under which the donation Is made and when the amount can be quantified with reasonable certainty. Donatlons and 8lfts in klnd are brou8ht Into the accounts at their fair value to the Parish where this Can be quantrfled. The value of services provided by volunteers has not been Included In these accounts. Investment Income Is Included when receivable.
14 Seapatrick Parish Notes to the financial statements for the year ended 31 December 2023 Accounting pollcles el Expenditure Expenditure Is recognlsed on an accruals basis once there 15 a legal or construrtive obligation to make a payment to a third party, It Is probable that settlement wlll be requlred and the amount of the obligation can be measured reliablv. Irrecoverable VAT is charged as a cost agaSnst the attivity for which the expenditure was incurred. The charity contributes to a defined contrlbutlon penslon scheme on behalf of certaln employees. The assets of the stheme are held separately from those of the charity in an independently administered fvnd and contributions are ¢harged to the Statement of Financial Activities in the period to which they relate. fl Tangible assets The assets of the Parish comprise:. Church Buildings and Grounds Parish Halls Rertory Curatages Glebe land Furntture, fittings & equipment lexcludlng artefactsl Holy Trinity Church, Banbridge and 5t Patricvs Church, Seapatrick lincludlng all assoclated artefactsl are deemed to be Heritage assets as defined by the Charitles SORP IFRS1021. These Heritage assets are not included on the balance sheet a5 information on the cost or valuation is not available and such information cannot be obtalned at a cost commensurate with the benefit to the users of the accounts and to the Parlsh. Holy Trinity Church Hall is not physically attached to Holy Trinity Church, Banbridge IHeritsge asset), but it is sltuated in the ¢hurch grounds and Is on the same title deed as the church. This hall was orlgSnally constructed in 1968 and Is now in need of malor refurblshment. There are no rellable records for the cost of its construction and any valuation of the hall would lack suffScient reliability as its legal title cannot be separated from that of the church itself. Accordinglyi no value has been ascribed to Holy Trinity Church Hall on the balance sheet. The Rectory, Curata8es at Bannview Heights, Banbridge and Larchwood Avenue, Banbridge together with St Patrick's Church Hall, Seapatrick and glebe land are recognised at market valuation being the estimated fair value of the property at 31st December 2020.
15 Seapatrlck Parlsh Notes to the financlal statements for the year ended 31 December 2023 A¢¢ountlng pollcks fl Tanglble assets Icontlnued} The assets of the Parish comprlse:_ Church Buildings and Grounds Parish H311s Rertory Curatages Grebe land Furniture. fittings & equipment (excludin8 artefa¢ts} Holy Trinity Church, Banbridge and 5t Patrick's Church, Seapatrick (including all assoclated artefactsl are deemed to be Heritsge assets as defined by the Charities SORP IFR51021. These Heritage assets are not included on the balance sheet 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. Holy Trinity Church Hall is not physically attached to Holy Trlnlty Church, Banbridge (Heritage assetl, but it is Sltuated in the hurch grounds and is on the same title deed as the church. This hall was orlglnally construrted In 1968 and is now In need of major refvrbishment. There are no rellable records for the cost of its construction and any valuation of the hall would la¢k sufficient reliabllity as its legal title cannot be separated from that of the church itself. Accordlngly no value has been ascrlbed to Holy Trlnlty Church Hall on the balance sheet. The Rectory. Curatages at Bannvlew Heights, Banbridge and Larchwood Avenue, Banbridge together with St Patrick's Church Hall, Seapatrick and glebe land are recognised at market valuation being the estimated fair value of the property at 31st December 2018. No depreclatlon has been provlded on the properties as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. Furniture, frttings & equipment are ststed at cost less accumulated depreciation and accumulated impairment losses. Depreciation is calculated, using the straight-line method, to allocate the depreciable amount of fvrniture, frttings & equipment to their residual values over the expected useful economic lives of the as5et5 concerned li.e. Over a three-year period). g) Tax As a charity. the Parlsh benefit5 from various exemptions afforded bytax legislation. It is therefore not liable to corwration tax on income or gains falling due within those exemptions. Recovery is made of tsx deducted from receipts under gift aid. Critical judgments and estirnatioTr uncertalnty Critlcaljudqments In applNlnq the choritrfs occounting policies Ag mentSoned In note 3lfl above. no value has been ascribed to Holy Trinity Church Hall on the balance sheet as there are no reliable records forthe cost of its construction and any valuation of the hall would lack 5ufflcient rellabllty. Keyoccountlng estlnwtes ond ossumptions There are no key accounting estimates or assumption5 in applying the charitrfs accounting policies.
16 Seapatrick Parlsh Notes to the financlal statements for the year ended 31 December 2023 Donatlons & legacles 2023 Unresirfrted Restricted 2022 Unrestricted Restrirted Total Total Envelopes & standing orders Plate collections Special envelopes Mlssion Envelopes Gift day GiftAid Building Fund ' Donations from parishioners Bequests & donations Grants received 174,115 7,259 4,618 174,115 7.259 4.618 4,309 11,995 43.311 7,268 188,084 5,192 4.665 188.084 5.192 4.665 4.569 4.309 4.569 11.995 43,311 7,268 38,006 6,920 253 32,799 2,000 38.006 6.920 253 32,799 2,000 47.163 47,163 295.729 300,038 277,919 4,569 282,488 Other charftable artlvltles 2023 Unre5trirted Restrlrted 2022 Unre$trlcted Restricled Total Totsl Hire of halls & property Summerfayre Organisatlons Fees for weddings & funerals Charity collectSons 6.343 9,636 7,510 195 6,343 9,636 7,510 195 4,372 10,219 10,219 2,733 410 2.733 410 6,191 4,372 6,191 23.684 4,372 28,056 13,362 6,191 19.553 Other incorne 2023 Unrestrided Restrlcted 2022 Unre5trlcted Reslricted Total Total Covid 19 Charities grant Gain on sale of property Insurance claim re repalrs Dlocesan contribution for Archdeacon Collection for former rertorlcurate Sundry 35,766 35.766 33,537 33.537 26.566 2.543 7,460 5,353 26,566 2,543 14,217 4,620 14.217 4.620 2,670 1,231 7,460 2,670 5.353 1,231 34,462 40,997 75,459 55,834 2,670 58.504 Investments 2023 UnrestrfctedRe$tricted Total 2022 UnreslrlctedRe5tficied Total Dividends other interest IRCB) Bank interest 2,137 2,137 3.572 92 1,436 1,436 3,572 92 97 97 2,229 3,572 5,801 1,533 1,533
17 Seapatrick Parish Notes to the flnanclal statements for the year ended 31 December 2023 Breakdown of expenditure on charitsble aclivliies 2023 Unrestrfcted Restrlrted 2022 Totsl Unrestrlcted Restrkted Total Salaries and stipends Diocesan assessment Rectory and curatage expense5 Heat and light Repairs Administratlon costs Accountancy expenses Legal expenses Mlnlstry expenses Sundry expenses Payments to former rectorlcurate Charitable donations Parish organi5ation expenses Project delivery expenses 179,135 21,682 9,761 18,820 114,995 25,858 1,500 179,135 21,682 9.761 18,820 114,995 25,858 1,500 196,600 20,030 11,385 18,543 72,839 22,397 1.500 196,600 20.030 11,385 18.543 72.839 22,397 1,500 8,133 825 8,133 825 7,460 28,122 7,101 13,371 5,062 690 5,062 690 2.670 7,460 8,681 2,670 10,760 19,441 7.101 19,784 1,633 1,633 15,440 13,371 15,440 407,251 29,512 436,763 370,463 28,870 399.333 io. Staff ¢osts 2023 2022 Salarles and stlpends Employers natlonal insurance Penslon costs 153,372 7,710 18,053 164,534 9,847 22.219 179,135 196,600
18 Seapatrlck Parish Notes to the flnanclal statements for the year ended 31 December 2023 io. Staff costs {conilnued) The average number of persons employed during the year was 2023 2022 Clerical and ministerial team Maintenance Adminlstration Organist No employee12022.- none) received remuneration totslling more than £60,ODO during the year. The charity contributes to a defined contribution penslon scheme on behalf of certaln employees. The 055ets of the scheme are held separately from those of the charity in an independently administered tund. The contributions made by the Parish during the year totalled £18,05312022.. £22,2191. The following Trustees received remuneration from the charity {under the provislons of the charlty's constitution) ¢Juring the year ended 310ecember 2023, as follows: Salary Penslon Archdeacon R West- Rettor (retired 30-9-20231 Rev A Willlams - Curate 39,096 33,185 8,729 8.407 No trustee expenses were incurred during the year ended 31 December 2022. ii. Taxatlon Seapatrick Parish is recognised as a charity for the purposes of applicable taxation legislatlon and Is therefore not subject to taxation on its charitable activities.
19 Seapatrick Parish Notes to the financlal statements for the year ended 31 December 2023 Tanglble flxed assets Land & bulldlngs Total Cost or valuation At l January 2023 Disposals 940,000 1150,0001 940,000 {150,OOOj At 31 December 2023 790.000 790,000 Depreclatlon At ljanuary 2023 & at310ecember 2023 Net book value At 31 December 2023 790,000 790,000 At 31 December 2022 940,000 940.000 The Trustees have used valuatlons provlded by a local estste agent to value the properties held by the Parish. All property, with the exception of a curatage in Larchwood Avenue, Banbridge, are vested In the Representative Church Body. The Trustees of the Parish are responsible for the maintenance and upkeep of these properties. The figures noted above do not Include a valuatlon of Holy Trinlty Church, Banbridge and St Patrick'5 Church, Seapatritk as these properties and all artefacts contained therein are deemed to be herlta8e assets, the costlvaluatlon Is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts Debtors 2023 2022 Monies held by RCB HMRC GiftAid Other debtors Insurance prepayment 187.110 13,711 12,799 1.405 4.500 5,275 206.096 18,704 14. Creditors: amount due wlthln one year 2023 2022 Accruals and deferred income 1,500 9.720 15. Analysis of net assets between funds Unrestricted funds Restricted funds Total Flxed assets Net current assets iio,000 183,546 680,000 197,991 790.000 381.537 293,546 877,991 1,171,537
20 Seapatrick Parlsh Notes to the flnanclal statements for the year ended 31 December 2023 16. Funds movement l January 2023 31 December 2023 In¢ome Expenditure Transfers General fund Larchwood property fund Building & refurbishment fund 131,894 iio,000 105.220 348,836 1407,2511 70,389 143,868 iio,o 39,678 7,268 172,810) Total unrestrftted funds 347.114 356,104 {407,2511 12N21 293y6 Generalfvnd Property fund Col Orphan's Society lund CAP fund Baby Basics fund Who Let The Dads Outfund 16,141 37,109 116,1411 830.000 15.382 4,348 975 1,127 867,109 4,432 4.348 975 1.127 113,3711 2,421 Total restrlcted funds 851,832 53.250 129,5121 2A21 877,991 Total funds 1.198.946 409354 {436,7631 1,171,537
21 Seapatrlck Parlsh Notes to the finandal statements for the year ended 31 December 2023 17. Related Party Transartlons Totsl donatlons recelved from Trustees and their related parties for the year amounted to £29,31612022: £24,447). Below are disclosed the annual payments made to related parties during the year ended 31 December 2023: hlame oARelated Porty Ilelationship to Seapatrick Pori5h Archdeacon R West Rev A Williams Trustee- remuneration including pension Trustee- remuneration Including pension 47,825 41.592 Archdeacon West & Rev Wllllams received remuneration as Rertor and Curates, not In theSr capacSty as Trustees. The Parish contrlbuted £21.68212022: £20,030) towards Diocesan Assessments during the year. 18. Volunteers The work and support of members of the congregatlons in the Parish as volunteers IS vital to the operatior¢ of the Parish. Volunteers undertake many roles including encouraglng prayer. artlng within their local churches and communities, enthusing others and fundralslng.