Seagoe Parlsh Church Annual report and flnanclal statements For the year ended 31 December 2022 Charlty Reglstratlon Number: NIC101443 Seagoe Parish Church Page I Annual report and financial statements for the year ended 31 December 2022 Contents Pages Charity reference and administrative details Trustees, annual report Independent examiner's report to the Trustees Statement of financial activities Balance sheet io Notes to the financial Statements 11-20 Seagoe Parish Church Page 2 References and administrative deta115 Charity Name.. Seagoe Parish Church Charity Registration Number.. NIC101443 Contact Address: Seagoe Parish Centre 46 Seagoe Road Portadown BT63 5HW Trustees Jim Aughey, Nicholas Bell, Rev Canon Terence Cadden, Jeanette Carson, Rev Jim Fleming, Edward Graham, Philip Holland, Beth Howell, Jim Howell, Rodney Johnston. David Kerr. Eric Mccartney, Allan Milligan, Rev Stuart Moles, Philip Morrison, Sarah O'Hare, Phyllis Richardson, Neil Roblnson and Stephen Vaughan. Prlnclpal Offlce-bearers Rector.. The Revd Canon Terence Cadden Curate Asslstant.. The Revd Stuart Moles Honorary Treasurer: Mr Philip Holland Honorary Secretary.. Mrs Phyllis Richardson Church Warden - Clergy: Beth Howell Church Warden- People: JIM Howell Independent Examlner Barry Thompson and Company Chartered Accountants and Ststutory Auditors 76-78 Church Street Portadown BT62 3EU Bankers Ulster Bank Limited 20 Hl8h Street Portadown BT62 IHU Seagoe Parlsh Church Page 3 Trustees, Annual Report for the year ended 31 December 2022 The trustees present the annual report and accounts for Seagoe Parish Church forthe year ended 31 December 2022. Objectlve5 and Actlvltles The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of Seagoe Church of Ireland Parish is to support the advancement of the Christian religion by promoting, through the work of Seagoe Parish the whole mlssion 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 practlcal delivery of the benefits of Christlanity. As a result of activity in the pursuit of the advancement of the Christian reli8ion, Seagoe Church of Ireland Parish has custody of property and of records, materials and artefacts of signlficance to the cultural and religiou5 heritage and malntenance of which is undertaken by the Select Vestry of the Seagoe Church of Ireland Parish. Achlevements. Performance & Publlc Benefft The primary purpose of 5eagoe Parlsh Is to promote the advancement of Chrlstlan religlon and in particular the gospel of our Lord Jesus Christ according to the doctrine and practice of the Church of Ireland. A summary of the actlvities undertaken by the charity to further Its purposes in 2023 are as follows:_ We maintain the 1814 parish church, the 1859 Sea8oe Old School. the 1930s Rectory (Upper Church Lane), the 19S7 St Patrick's Hall (Princess Way) and the 2008 Parish Centre. The churchyard adjoining the church dates back to the 1930s. In 2022, social dlstanclng restrlctions continued throughout January and February, however, were relaxed 8radually from March. Throughout the year a weekly service continued to be available online. Attendance at these services were 11,076 people an Increase from 6,309 people in 2021 however a decrease compared to 15,477 in 2019. We also held a weekly mid-week service, and other occasional services not on a Sunday, Attendance atthese services were 1,276 people up from 504 people in 2021 and from 638 people in 2020 down from 2,177 in 2019. We provided 32 funeral services for families with associated pastoral support and follow up. Seven Baptisms took place either during our main Sunday services or on other occasional dates not on a Sundav. SIX Marrlages took place on other occasional dates not on a Sunday. Havln8 establlshed a misslonary Ilnk with Shyogwe Diocese in 2017 when four Rwandans visited the parish for 3 week, six Seagoe parishioners reciprocated the Ilnk by visiting Rwanda in August 2018. We continued to 5UPPOrt our link with Shyogwe Diocese in Rwanda through CMSI. In addition to receiving regular updates from the Diocese, our rnis5ion team were in regular contact with Clergy and people in Shyogwe through the use of Social media. We continued to raise fund5 to support the Ilnk, and the mission team encouraged the Parish to engage more fully with the link. In 2022 the parish raised £375 to help Zion Education Centre in Shyogwe Diocese, Rwanda. Throughout the year we invited a few representatives of some of the organi5ation5 we support to address us at Church services. We provided a number of special services throughout the year that included Remembrance Day, Harvest, Easter, Christmas, CL&CGB Enrolment etc., all of these drew larger congregations than normal. All these services provide opportunity for Christian teachin& fellowship. and social engagement. The staff and others of the parlsh offered a range of pastoral engagements to parishioners in their homes. An unquantifiable number of informal vi51t5 were made by church members to people in their home5. h05Pital. and nursing homes. The above visits provide support and Christian ministry for a large number of people. Sea8oe Parish Church Page 4 Trustees. Annual Report for the year ended 31 De￿mber 2022 {contlnued) During 2022, we produced and delivered weekly three audio CD recordings of the main Sunday Service to members of the congregation whowere notable to attend church. Throughout 2022 we continued to live streamthe main service and make a recording available thereafter on our youtube channel and on facebook. In 2022 our youtube channel SeagoeParish was viewed as a thumbnail 171,900 times, our videos viewed 16,566 times for 2,607 hours by 250 subscribers. We prlnted three magazine editions throughout the year. which were distributed to 650 homes to promote our activities. UnlSke 2021 weekly announcement sheets were produced. This publicity provides opportunity for Christian teaching, advice on what Is happening in the Church and the wider Christian community. We have a web51te seagoe.co.uk. Our facebook page facebook.com/seagoeparish has 1,700 followers. We also have an archive websSte seagoearchives.uk which contains some records from the periods 1672 1734 and 1906 1942. In 2022 it was acce55ed 2,893 times with 11,426 page view5 from 38 countries around the world. We were able to meet for regular prayer meetings and fellowship groups through the year whlch provlded useful contart, fellowshlp and Christlan development. Our outreach work Into Killicomaine estate has continued through Klllicomalne Community Church, which 15 led by Ordained Local Minister, Revd Jim Fleming. There is a weekly Sunday evening gathering in Killicomaine Community Centre in the form of a 'fresh expression, of church. Regular Alpha Courses are run through the year {normally three) and follow up discipleship groups run either in the Community Centre or in 'Victor's Place, which is a community house the church use in the estate. There are weekly Men's and Women's Clubs and a Friday afternoon Bible Study. Killicomalne Community Church partners with Christians Against Poverty ICAPI to deliver free debt help to the Portadown area and also runs Life Skllls and Job Club courses for CAP. We also run Peaced Together courses for women which, through craft, help with mental health issues. Revd JIM Flemin8 Ss also church of Ireland Chaplain in Lur8an Hospltal. We have two Parent and Toddler groups for the support of parents or carers, The groups met throughout the year with about 30 adults and 35 children attendin8 each week. Christian teaching for children is provlded by Sunday Light {Sunday School) throughout the year, with the exception of the summer months. Throu8hout the year we met on Sunday mornings. Unfortunately, numbers participating have reduced to 25 children. Throughout the year Iwith the exclusion of two month summer break, and Christmas break) we provided a twice monthly Youth Fellowship for teenagers to learn more about the faith; an average of 8 teenagers attended. At all meetings there were at least two leaders. Young people benefit from friendshlp. mentorlng, and knowledge of the falth. One Sunday morning a month we provide a cafe youth church whlch attracts on average about 12 youn8 people. Followlng Covid, clergy have returned to led assemblies In three of the four primary schools In the area, however they have not restarted in Killicomaine Junior High School. Assemblies and class teaching Supplement and reinforce the Christian teachingthatyoung people receive at home, in School and in Church. Our Church Youth Work and Seagoe Youth Group contlnue to combine to offer a wide range of meaningful engagements for young people in two youth centres. We provided a Sunday school, Youth Fellowship, Cafe Youth Church, Church Lads Brigade and two Church Glrls Brlgade groups, in addition to a wide variety of open VDUth groups overseen by the staff of Seagoe Youth Group. In addition to the regular weekly activities there were additional Holiday Bible Clubs and an extensive summer program of activities. We hold Messy Church Partles at Easter, the end of October, and Christmas. Hundreds of young people from the Church and wider community engaged with us. The above event5 provide much needed opportunities for safe friendship and positive peer development, faith teaching and life skill development. inclusion of marginalised young people, integration of people from other countries and cultures. Throughout the year we held a weekly bowlin8 club which has increased in number. Usually between 18 and 24 people attending to provide friendship and exercise. Seagoe Parlsh Church Page S Trustees, Annual Report for the year ended 31 December 2022 (continued) The men's group normally meets 8 to 10 times a year with at least 10 attending. The group keep in touch in an active WhatsApp group. From September, a new group called Rubies was formed and is a women's ministry in church reaching ladies of all age5. The leadership group consists of six parishioners. Activities included a weekly walk in September. Visiting speakers and parishioners spoke on subjerts including Breast Cancer. Faith and Fitness, Fashion and Faith, Beauty. Floral workshop, Activities included a movie night, a jewellery sale and a shopping trip. Many of the meetings involved individuals sharing their falth, singing and testimonies. On average approximately 50 ladies attended each week. The group is open to both parishloners and non-parishioner. Participants have reported becoming Christians and also experienced an increase in faith. The group supported the charitles Hope and Light and Flourish Nl who support those who have been a victim of human trafficking. Normally the Clergy contin4Je to actively engage with their counterparts from other denominations for fellowship, sharing and planning a variety of inter for the year. Golng 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 activlties and the financial statements for the year end 31 December 2022 can be slgned off as a golng concern. Stiurture. Governance and Management Governlng Document and Constltutlon of the Charlty Chapter 111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustee5 Re¢rultment and Appolntment of Select Vestry All members of the Church of Ireland who aged 18 or over and are either resident within the parish or live elsewhere but have been accustomed members ofthecongregation, may reglster 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 ofterms which may be served. Seagoe Parlsh Church Page 6 Trustees, Annual Report for the year ended 31 December 20221contlnued Payand remuneratlon The incumbent and curate a5515tant5 receive a stipend together with office and locomotory allowances in accordance with figures approved by the General Synod of the Church of Ireland. Organlsational Structure The Select Vestry is responsible for the day to day management of the parish. The Select Vestry conslsts of the members of the clergy serving in the parish. the churchwardens, the glebewardens and up to a maximum of 12 other members of the General Vestry elected at the General Vestry. The Select Vestry is normally chaired by the incumbent or other member of the clergy officiating in the parish. Select Vestry members are responsible for making decisions on matters of general concern and importance to the parish including decldSng how parlsh funds are to be applied. The Select Vestry meets at tlmes fixed by the members. Special meetlngs may be convened at any tlme by the chalrperson or the churchwardens. In 2022 the Select Vestry meet 11 times durin8 the year and the average attendance was 73%. Statement of Trustees, Responslbllltles The trustees are responsible for preparing the Trustees, Annual Report and the financlal statements Sn accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountin8 Practice), The law applicable to charitie5 in the Northern Ireland requires the trustees to prepare financial statements for each financial year which 8ive a true and falr vlew of the state of affairs of the charity and of the incoming resources and application of resources of the charlty for that perlod, In preparlng these flnanclal statements, the trustees are required to: select suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charities SORP 2019 IFRS 1021; make judgements and estimates that are reasonable and prudent: state whether applicable accounting standards have been followed, subject to any material departures being disclosed and explained in the financial statements: and prepare the financial statements on the going concern basls unless It is inappropriate to presume that the charity will continue as a 80Sng concern. The trustees are responsible for keeplng accountlng records that dlsclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008, the Ch3ritie5 (Accounts and Reports) Regulations (Northern Ireland) 2015 and the provision of the Constitution of the Church of Ireland. They are also responsible for safeguarding the asset5 of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other Irre8ularities. Seagoe Parish Church Page 7 Trustees, Annual Report for the year ended 31 December 2022 (continued) Statement as to disclosure to our examlners In 50 far as the trustees are aware at the timing of approving our trustees, annual report.. there is no relevant audit information of which the charitW5 examiner 15 unaware,. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the charity's examiner 15 aware of that information. Independent EJtamlner5 The examiner. Barry Thompson and Company, have indicated their willingness to continue in office, and a resolution concerning their reappointment was proposed and accepted at the Annual Easter Vestry Meeting. On Behalf of the Trustees Mr Phlllp Holland {Treasurer) PO Mrs Phyllls Rlchardson (Secretary) Date: 15 May 2023 Seagoe Parlsh Church Page 8 Independent Examinerfs Report to the Tru5tee5 of Seagoe Parish Churth I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2022 which are set out on pages 9 to 20. Respectlve responslbllftles of trustees and examlner As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act (Northern Ireland) 21JO8. It is my responsibility to.. examine the accounts under section 65 of the Charities Act {Northern Ireland) 2008,, follow the procedures laid down in the general Dlrections given by the Charity Commission for Northern Ireland under sertion 6519llbl of the Charltles Act; and state whether partlcular matters have come to my attentlon. Basls of Independent exarnlner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination wa5 carried out Sn accordance with the general Directions 8iven by the Charity Commission for Northern Ireland under section 65191{bl of the Charities Act. My examlnatlon Included a review of the accountin8 records kept by the charlty and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeklng explanations from you as charlty trustees concerning any such matters. My role is to state whether any materlal matters have come to my attentlon glvlng me cause to belleve: l. That accounting records were not kept In accordance with section 63 of the Charltles Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not tomply with the accounting requirements of the Charities Act 4. That there Is further Information needed for a proper understanding of the account5 to be reached. Independent examlner's statement Since your charity's gross 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 re8lStered member of Institute of Chartered Accountants in Ireland, which is one of the listed bodie5. I have completed my examination and have no concerns in respect of the matters111 to141 listed above and, in connection with following the Directions of the Charity Commi55ion for Northern Ireland, I have found no matters that require drawing to your attention. Barry Thompson for and on behalf of 8arry hompson and Company Chartered Accountants and Statutory Auditors 76-78 Church Street Portadown BT62 3EU Date: 15 May 2023 Seagoe Parlsh Church Paze 9 Statement of Flnanclal Artlvftles for the year ended 31 December 2022 Unresirkted Restricted Funds Funds 2022 202Z Endowment Funds 2022 Total 2022 Total 2021 Income Donations & legacies Other trading activities Investments Charitable activities Other income 215,887 150 6,185 289 1,588 64,222 3,469 10,808 300 73,715 280,109 3,619 16,993 S89 75,303 249,767 4,290 15,181 183 87,785 Total Incom 224,099 152,514 376,613 357,206 endltur Charitable activities Other Total Ex 198,113 64,804 9,931 74.735 262,917 9,931 272,848 256,740 9,563 266,303 endlture 198,113 Net Income/ IExpendlture) before transfers 25,986 77,779 103,765 90,903 Transfers between funds 135,2621 35,262 Net Incomel {Expendlture) before other reco8nlsed galns and losses 19,276) 113,041 103,765 90,903 Galn/lLossl on Investments asset5 14,966) 17311 15,6971 10,946 Net movement In funds 114,242) 112,310 98,068 101.849 Reconclllatlon of funds: Total funds brought forward 18 90,073 1,004,443 1,094,516 992,667 Total funds Carrled forward 18 75.831 1,116,753 1,192,584 1,094,S16 Sea8oe Parish Church Page 10 Balance Sheet as at 31 December 2022 Note 2022 2021 Flxed Assets Tangible fixed asset5 Investments Total flxed assets 12 13 350,000 138,857 488,857 350,Crf)O 144,554 494,554 Current assets Debtors Cash and cash equivalents Totsl current assets 14 44,846 716,454 761,300 44,812 631,554 676,366 CredltoTs- amounts fallln8 due wlthln one year 15 133,4061 132,2381 Net current assets 727,894 644,128 Totsl assets less current Ilabllltle5 1,216.751 1,138,682 Credltors- amounts falllng due after more than one year 124, 1671 144,1661 Total net assets 1,192,584 1,094,516 The funds of the parlsh Unrestrlrted funds General funds Deslgnated funds Total unrestrl¢ted fund$ Restrlcted Funds Endowment Funds Total charltyfunds 18 75,831 90,073 75.831 1,116,753 90,073 I,Crf)4,443 18 18 1,192,584 1,094,516 The notes on pages 11 to 20 are an integral part of these financial Statements. ThefinancSal statements on pages 9 to 20 were approved by the Board of Trustees on 15 May 2023 and signed on its behalf by: Mr Phlllp Holland (Treasurer) PCfrfv(&)- Mrs Phyllls Rl¢ ardson {Secretary) Seagoe Parlsh Church Page 11 Notes to the Ilnanclal statements for the year ended 31 De￿mber 2022 l. A¢muntlng policies The principal accounting policies adopted, judgement5 and key sources of estlmalion Un￿rtaIntY in the preparation of the financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. a) Basls of preparatlon The financial statements have been prepared on a going concern basls in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- (Charities SORP {FRS 10211, the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021. The Parish meets the deflnltlon of a public benefit entlty under FRS 102. Assets and liabilities are initlally reco8nlsed at historical cost and transactSon value unless otherwise stated In the relevant accounting policy notelsl. b} Preparatlon of account5 on a golng conc•rn basls The Parish generally meets its day to day working capital requirements from its annual income. The Trustees have obtained and reviewed cash flow forecasts for the coming year and based on these are satisfied that the Parish has resources to provlde a reasonable expectation that it can continue to meet Its financial obligations as they fall due for the foreseeable future. Therefore, these financial statements have been prepared on a going concern basis. ) Income Plate Collectlons and Weekly Envelopes are accounted for on a cash receipts basis as the amount Is collected. Income from government and other 8rants. whether 'capital' grants or 'revenue' grants, Is recognised when the charity has entitlement to the funds. any performance 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. Legacles are included within Income under either unrestricted or restricted fund5 accordin8 to the terms under which the donation is made and when the amount can be quantified with reasonable certainty. Donations and gifts in kind are brought into the accounts at their fair value to the Parish. d) Expendlture Expenditure Is recognlsed once there is a legal or constructlve obligation to make a payment to a third party, It Is probable that settlement will be required, and the arnount of the obligation can be measured reliably. rrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Seagoe Parlsh Church Page 12 Notes to the financlal statements for the year ended 31 December 20221continued) l. A¢¢ounting policies (contlnued) e} Tanglble assets The assets of the Parish comprise: Church Building and Graveyard Parish Centre Glebe House as known as The Rectory Fixtures and flttings The Church Buildin8 and Graveyard are deemed to be Herftage assets as defined by the Charities SORP IFRS1021. These Heritage assets are not included on the balance sheet as information on the cost or valuatlon is not available and such information cannot be obtained at a cost commensurate wlth the benefit to the users of the accounts and to the parish, The Parish Centre The church hall is physically attached to the church and as such Is not separable as an individual asset. Therefore, it is deemed to be a Heritage asset and no value is ascribed to it in the balance sheet as informatlon 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. Additional buildings include the Seagoe old schoolhouse built in 1858 and St Patrick's church hall built in 1957. There are no reliable records of the cost of this acquisition and valuation approach for such a buildin8 lacks sufficient reliabS1ity. As a result. thls building is not reco8nised in the Parish balance sheet. The Glebe House Is reco8nised at cost, belng the estimated fair value of the property at 26 January 2020. No depreclatlon has been provided on the Glebe house as the current estimated resldual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. Fixtures and Fittings are recognised at cost and are depreciated on a straight line basi5 over a period of S years. The assets, residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospertlvely. Tangible assets are derecognised on dlsposal orwhen no future economic benefits are expected. On disposal, the difference between the new disposal proceeds and the carrying amount is reco8nised in the statement of financial activitles and included In 'Other operating Ilossesllgalns,. n Investments Fixed asset investment5 comprising investment properties, investments in equitles and investment in RCBICIT Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each balance sheet date. Investments in unquoted Investments are recorded at cost and are assessed annually for impairment. Unrealised gains and losses represent the difference between the fair value at the beginning and end of the financial year or, if purchased in the year. the difference between cost and fair value at the end of the year. Realised gains and losses represent the difference between the proceeds on disposal and the fair value at the start of the year or cost if purchased in the year. Both realised and unrealised gains and losses in investments are reported within "Net Gains / ILossesl on Investments" within the Statement of Financial Activities. Seagoe Parlsh Church Pale 13 Notes to the financial statement5 for the year ended 31 December 2022 (contlnuedl l. Accountlng pollcles (continued) g) Cash and cash equlvalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within Creditors Amount5 falling due within l year. h) Flnanclal Instruments The Parish only has financia1 assets and financlal liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction price and subsequently measured at their settlement value. l) Funds Funds are classified as either restrlcted funds or unrestricted funds, deflned as follows. Restrlcted funds are funds subject to speclfic requlrements as to thelr use which may be declared by the donor or wlth their authority or created through le8al processes, but still within the wider objerts of the Parish. Endowment funds are funds which have been given on the conditSon that the original capital sum Ss not reduced, but the income there from is used for the purpose defined in accordance with the objects of the Parish. Unrestrlcted funds are expendable at the dlscretion of the trustees In furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretlon of the trustees for a particular purpose, they are designated as a separate fund, Thi5 designation has an admlnlstrative purpose only and does not le8ally restrlct the trustees. discretion to apply the fund. 2. Crltlcal accountlng ludgements and estlmatlon uncertalnty Estimates and judgments made in the process of preparln8 the financlal statement5 are continually evaluated and are based on historical experience and other factors, includin8 expectations of future events that are believed to be reasonable under the circumstances. The Trustees do not consider that there are any critical judgments made in applying the Parlsh's accounting pollcies or that there are any critlcal accounting estimates or assumptions which may have a signlficant risk of causing a materlal adjustment to carrylng amounts of assets and liabilities within the next financial year. Sea8oe Parlsh Church Page 14 Notes to the financlal statements for the year ended 31 December 20221contlnued) 3. Donations and lega¢les Unrestrlcted Funds 2022 Restrlrted Funds 2022 Endowment Funds 2022 Total 2022 2021 Plate Collections Weekly envelopes / FWO Tax recovered on Donations Standing Orders Restoration Donations Church Organisations & Caterlng Donations Mission Donations Special Collection5 Other 1,587 91,260 35,737 87,036 374 1,711 9,825 1.961 92,971 45.562 87,036 34,718 1,354 92,143 40,848 78,103 18,272 34,718 116 4,055 560 12,979 4,171 560 12,979 151 280,109 7,089 7,741 4,217 151 215,887 64.222 249,767 4. Other tradlng artlvftles Magazine Income Grave Yard Income Other 40 550 2,919 590 2,919 iio 3,619 210 4,080 iio 150 3,469 4,290 5. Inv•stments Divldends recelved Other Investment Income Deposit interest 4,755 1,430 4,755 1,430 10,808 16,993 4,239 7,458 3,484 15,181 10,808 10,808 6,185 6. Charltable artlvftles Income f rom Parish Organlsatlons Other income 3C 300 289 589 136 47 289 289 300 183 7. Other Income Grants Inetl Seagoe MlnSstries Ardmore Solar panels Other income 14,530 52,482 14,530 52,482 18,575 51,206 14,570 2.375 1.059 87,785 2,715 3,988 73,715 2,715 5,576 75,303 1,588 1,588 Included in the above grant Income are grants from the Government in support of the Covid 19 Pandemic, Job Support Retention grant income of £15412021- £22,553) and Dept. of Finance Nl Charities grant of £Nil12021- £4,158) Sea£oe Parish Church Page 15 Notes to the financlal statements for the year ended 31 December 2022 (continued) 8. Analy51s of Expendfture Unrestrlrted Funds 2022 Restrlcted Funds 2022 Endowment Funds 2012 Total 2022 2021 Generatlng Funds Fundraising costs Charitable Artlvltles Wages and Salaries Diocesan Costs Church Running Costs Glebe Costs Parlsh Centre Costs Charitable Donations Parish Missions Payments to Parlsh Organlsations AdmSnistration Costs Sundry Costs 120.153 16,461 12,882 13,390 18,714 1,179 723 1,841 12,770 17,342 137,495 16.461 15,829 13,390 24.044 1,249 32,297 7,167 14,98S 145,276 15,902 14,061 6,203 24.797 3,620 31,840 1,041 14,000 2,947 5,330 70 31,574 5,326 2,215 198,113 64,804 262.917 256,740 Oth•r Costs Seagoe Ministrles 9,931 9,931 9,563 Total Expendlture 198,113 74,735 272,848 266,303 Sea£oe Parish Church Page 16 Notes to the financlal statements for the year ended 31 December 20221contlnued) 9. Galn / (Lossl on Investment Assets 2022 2021 Unrealised fair value gains/llossesl on investments Realised 8ains/llosse51 on investments Total 15,6971 10,946 15,6971 10,946 10. Taxatlon The Seagoe Parish Church is recognised as a charity for the purposes of applicable taxation legislation and 15 therefore not subject to taxatlon on its charitable actlvities. 11. Analysls of staff costs. trustee rernuneratlon and expenses. and the cost of key management personnel Employees 2022 2021 Stipends, Salarles and wa8es Natlonal insurance costs Pension cost5 Total 127,403 7,491 19,062 153,956 116,521 8,961 19,794 145,276 The average number of employees durin8 the year, calculated on the basls of a head Count, was as follows,. 2022 Number 2021 Number Ministerial support Administration Music staff Premlses maintenante Catering 13 14 There are no employees In recelpt of employee benefits In exces5 of £60,01)0 Key Manogement and Trustees Included in salarles and wages Rev Canon Terence Cadden and Rev Stuart Moles were in receipt of a stipend Isalaryl, locomotory allowance and office allowance. Also, Rev Jim Fleming, Jeanette Carson, Rebecca Richardson and Phyllis Richardson were all in receipt of a salary. Seagoe Parlsh Church Page 17 Note5 to the financlal statements for the year ended 31 December 2022 (continued) 12. Tanglble flxed assets Office Equipment Bulldlngs Total Cost At beginning of the year Additions Disposals At end of the year 350,000 4,926 354,926 350,000 4,926 354,926 Depreclatlon At beginnlng of the year DepreciatSon Disposals At end ofthe year 4,926 4,926 4,926 4,926 Net book value at end of the year Net book value at beginning of the year 350,000 350,000 350,000 350,000 13. Investments Llsted Investments Other Investments Total Balance at beginning of the year Additions during the year Disposals durSng the year Fair Value 8aln / Ilossl on Investments 144,554 144,554 15,697) 15,6971 Balance at end of the year 138,857 138,857 Analysls of Investments 2022 2021 Equlty Investments Other Listed Investment5 Investments in RB Unit Trust5 84,189 89,155 54,668 138.857 55.399 144,554 Seagoe Parlsh Church Page 18 Notes to the financial staternents for the year ended 31 December 2022 (continued) 14. Debtor5 2022 2021 Sundry debtors Giftaid 872 43,974 6.838 37,974 44,846 44.812 15. Credltors Amounts Due wlthln l Year 2022 2021 Accruals and other credltors Deferred income Bank loans and overdrafts 23,406 32,238 10,000 33,406 32,238 16. Flnanclal Instruments The company has the followlng flnanclal instruments: 2022 2021 Loans and recelvables held at amortlsed ¢ost Investments Cash and cash equlvalents Sundry debtors Other receivables 138,857 716,454 872 43,974 144,554 631,554 6,838 37,974 900,157 820,920 Flnanclal Ilabllltles measured at amortlsed cost Bank loans and overdrafts Accruals and other creditors 34,167 23,406 44,166 32,238 57,573 76,404 Seagoe Parlsh Church Page 19 Notes to the financlal statements for the year ended 31 December 2022 (continued} 17. Analys15 of Net Assets among Funds General Deslgnated Re5trlrted Endowment Totsl Fixed Assets Investments Current Assets Current Liabilities Net assets at 31 Dec 2022 350,000 54.668 765,968 153,8831 1,116,753 350,000 138,857 761,31JO 157,5731 1,192,584 84,189 14,6681 13,6901 75,831 18. Funds of the Parlsh Atljan 2022 At 31 Oec 2022 Income Expendlture Transfers Restrlcted fund$ Edenderry Breakfast Club Fund Flowers Fund General Fund Graveyard Fund Healing Prayer Group Fund Killicomaine Church Plant Fund Luncheon Club Fund Men's, Group Mlsslons Fund Parents and Toddler Club Fund Parish Centre Buildlng Fund Rectory Property Fund Restoration Fund Rubies Ladies Group Rwanda Seagoe Minlstrles Fund Solar Sunday Light Fund Youth Fellowship Fund 1412) 913 75,485 3,818 412 15 19,000 2,919 928 81,686 3,877 188 13,8021 716 313 112,7991 12,8601 (14,8131 716 236 19,228 126,2171 18,000 126 560 749 1491 119,0551 16771 18.495 3,217 1.992 350,IJQO 575,506 3,289 11,9921 3SO,000 668,603 {2351 92,725 1,613 11,5661 11,8481 1,938 1799) 798 12,3891 12,482 2,715 220 300 152,653 {10,0931 11.530 11,0711 12,0631 I,CW,443 14,245 18751 12,1801 1,116,753 1241 14171 175,6051 35,262 Unrestrlrted funds General Fund 90,073 219,159 1198,1391 135,2621 75,831 Total funds 1,094,516 371,812 1273,7441 1,192.584 Seagoe Parish Church Page 20 Notes to the financlal statements for the year ended 31 December 2022 (continued) Pur 05es of Restricted Fund Edenderry Breakfast fund.. This was a fund to support the work of a Breakfast Club in Edenderry Primary School Flower Fund: This is a fund used for the decoration of the church with flowers General Restricted Fund.. This is a fund which is used for money received and sent which 15 restricted in use Graveyard Fund,. This is a fund to be used for the maintenance of the church ground HPG Fund: This is a fund to support Seagoe's Healing Prayer Group which meets to hear from and to pray for those in need of healing or who have been healed Killicomaine Church Plant Fund.. This is a fund to be used for the expenses incurred with Killicomalne Church Plant Luncheon Fund: This fund is used to operate a luncheon club who hold regular lunch events in the Parish Centre Men's Group Fund- This was a fund to support a group of men who meet together Rectors, Discretionary Fund: This is a fund used by the Rector for clergy and organ relief, alleviation of those in poverty and miscellaneou5 Costs Restoration Fund.. This is a fund to be used for the maintenance of the church building. Seagoe Ministries Fund.. This is a fund to be used towards the payment of the church salaries and expenses in connection with the hlre of church property by outsiders Solar Fund: Thi5 is incorne derlved from solar panels to pay back thelr purchase and thereafter sub5idlse electrlcity costs Pur os f Desi na Funds Parent and Toddler Fund: This fund is used to maintain a Mothers and Toddlers Group in Seagoe Parish Parish Centre Fund.. The Trustees have set aside funds for the maintenance of the church property Rwanda Fund.. Thls Is a fund to 5UPPOrt the missionary link with Shyogwe Dlocese in Rwanda Sunday Light Fund: This is a fund to support the teaching of children on a Sunday and on occaslon other days Youth Fellowshlp Fund; This is a fund to support the Youth Fellowshlp group of teenagers 19. Collertlon Pald for Thlrd Partle5 2022 2021 CMSI Project- Shyogwe Dlocese Rwanda Poppy Appeal Barnabas Trust Bishop's Bike Ride for Missions Christma5 Appeal Macmillan Cancer Support Seagoe Primary School Simon Community Those in Need Ukraine Appeal 375 7,793 203 1,461 80 1,143 70 227 1,526 2,737 5,788 10,420 10,983 The amounts above have been included in totsl Income for the year under Special Collections and Misslon Oonations and in total expenditure for the year under Charitable Donation and Parish Mlssions.