Seagoe Parish Church
Annual report and financial statements
For the year ended 31 December 2023
Charity Registration Number: NIC101443

Seagoe Parish Church
Page I
Annual report and financial statements for the year ended 31 December 2023
Contents
Pages
Charity reference and administrative details
Trustees, annual report
Independent examiner's report to the Trustees
Statement of financial activities
Balance sheet
Notes to the financial Statements
10-19

Seagoe Parish Church
Page 2
References and Administrative Details
Charity Name:
Portadown/Seagoe/St. Gobhan/Down & Dromore/Church of Ireland
Charity Registration Number:
101443
Contact Address:
46 Seagoe Road, Portadown, County Armagh, BT63 5HW
Trustees:
Revd. Canon Terence Cadden
Revd. Jim Fleming
Mrs Phyllis Richardson
Mr Edward Graham
Mr Neil Robinson
Mr Stephen Vaughan
Mr Eric Mccartney
Mrs Beth Howell
Mf David Kerr
Mr Jim Aughey
Revd. Stuart Moles
Mr Philip Holland
Mr Philip Morrison
Mrs Kathleen Crowe
Mr Nicholas Bell
Mrs Jeanette Carson
Mrs Sarah O'Hare
Mr Jim Howell
Mr Rodney Johnston
Independent Examiner:
Barry Thompson
76-78 Church Street
Portadown
Co ArmaEh
BT62 3EU
Bankers
Ulster Bank Ltd
20 High Street
Portadown
Co Armagh
BT62 IHU

Seagoe Parish Church
Page 3
Trustees, Annual Report for the year ended 31 December 2023
The trustees of St Gobhan's Parish Church / Seagoe Church of Ireland present the annual report and accounts for 5eagoe
Parish Church for the period I" January 2023 to 31" December 2023.
Objectives and Activities
The charitable purpose of St Gobhan's Parish Churchl Seagoe Church of Ireland is the advancement of the Christian religion.
The principal function of St Gobhan's Parish Church/Seagoe Church of Ireland is to support the advancement of the Christian
religion by promoting, through the work of Seagoe Parish. the whole mission of the church, pastoral, evangelistic, social and
ecumenical. Being open 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, 5t Gobhan's Parish Church I Seagoe Church of Ireland 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 church.
Achievements, Performance & Public Benefit
A summary of the activities undertaken by the charity to further its purposes in 2023 are the followin8'.
We maintain St Gobhan's Parish Church 118141, Seagoe Old School 118591, Seagoe Rectory11930'sl. St Patrick's Hall,
Killicomaine119571 and Seagoe Parish Centre120101. The churchyard adjoining the church dates back to the early 1900's.
We are a very busy parish with the Word of God and pastoral care being at the centre of all we do_ Church services include=
Holy Communion- Every Sunday19.OOaml
Morning Worship- Every Sunday110.30am}
WhAth include FtsmilySeNite (I" Sundoy of everyfflonthj. Puri5h CommurJion14' Sunduy of every monthj
Evening Worship at St Patrick's Hall, Killicomaine- Every Sunday-16.00pm}
Praise Seivice at Seagoe Parish Centre- 3, Sunday of every month17.OOpml
Holy Comfflunion- Every Wednesday-110.OOaml
The different timings are to facilitate all the congregation to encourage regular worship.
Attendance at these services was 13,801, an incre35e of 2,725 people from 2022. These service5 are also recorded and
uploaded onto Facebook and YouTube where they are accessible for others to watch. The services are also available on CD
that is recorded, produced and delivered to members of the congregation who are not able to attend church.
We also hold a mid-week service weekly and other occasional service5 not on a Sunday. Special seasonal 5ervice5 are held
throughout the year such as Harvest, Remembrance, Christmas and Easter. There is also the annual Church Lads & Church
Girls Brigade Enrolment service. These 5ervice5 draw larger congregations than normal, and all these services provide an
opportunity for Christian teaching, fellowship and social engagement.
We facilitated funeral services for families Wlth associated pastoral support and follow up. Baptisms took place either during
our main Sunday services or on other occasional dates not on a Sunday and Marriages took place on other occasional dates
not on a Sunday.
Pastoral Care is core to the advancement of the Christian religion and Parish Staff along with other Pastoral volunteers within
the parish offered a range of pastoral support to parishioners in their homes. A substantial number of informal visits to
pari5hioner5 at home, hospital or in a nursing home were carried out by church members and a group of Parishioner5 a150
visited care homes to share the Gospel of Christ to residents.
Having established a missionary link with Shyogwe Diocese in 2017 when we had the opportunity of 4 representatives from
the Diocese visited the parish for a week, we continued to hold that link and support with Shyogwe Diocese through CMSI.
In addition to receivin8 regular updates from the Diocese, our mission team continued to be in contact with clergy and
people in Shyogwe, through the use of social media.
We continued to raise fund5 to SUPPOrt the link, and the mission team encoura8ed the Parish to engage more fully with the
link.

Seagoe Parish Church
Page 4
Trustees, Annual Report for the year ended 31 December 2023 Icontinuedl
Throughout the year we also invited a number of representatives of some of the organisations we support to address us at
church services and other church events.
There were 3 editions of the Parish magazine published throughout the year and delivered to around 700 homes to promote
our activities and news from within the church community. There continues to be a weekly news sheet produced which
helps inform parishioners of activities and events happening within the parish and also other events happening outside the
parish.
We have our digital communication in place which includes the website Iwww.seagoe.co.ukl, our Facebook pago
1facebook.com/seagoeparishl and our Instagram page (seagoeparishl. We also have the digital archives website
Iwww.seagoearchives.uk}.
We continued to meet for regular prayer meetings and fellowship groups throughout the year which help build social
engagement and participation. Christian fellowship and faith development.
We also have our numerous church groupswhich met duringtheyear. These include. Mothers Union, Church Lads & Church
Girls Brigade, Rubies Women's Group, Seagoe Men's Group Choir, Seagoe Indoor Bowling Club and Healing Prayer Group.
We have two Parent and Toddler groups which continue to run led by volunteers and established to support parents or
carers. The groups met throughout the year with approx. 30 adults and 35 children attending each week.
On Sunday mornings we continued to have Sunday Light (Sunday School) which runs September- June. Unfortunately,
since Covid numbers have drastically decreased within this group, and we only have around 20 children attending every
week.
There have also been specific seasonal events organised for the children such as the Party of Light, Easter Party and Messy
Church themed sessions.
On Sunday evenings we continue to provide a twice monthly youth fellowship for teenagers. Numbers have been very low
with only 8 young people attending this group and on a Sunday morning once a month we provide a Café Youth Church
which attracts around 12 young people. These groups help the young people to gain Christian teaching, further their faith.
engage with other young people and build friendships and various skills.
Clergy from the parish continue to lead assemblies in the local primary schools in the area, however they have not restarted
in Killicomaine Junior High School. This is vital to the parish as it helps in the outreach of the Parish and the community
engagement through local schools.
Our outreach work continues to be developed within Killicomaine estate through the work of the church plant, Killicomaine
Community Church, which is led by Ordained Local Minister, Revd. Jim Fleming.
There is a weekly Sunday evening gathering at "Victor's Place" and there is also a regular discipleship group that meets
along with a Women's group that have Peaced Together courses running which specifically focus on crafts and help with
mental health issues.
There is also a Men's group that continues to meet at St Patrick's Hall which help provide help and support for men in the
local area to engage with each other and develop opportunities through life skills and a job club in partnership with
Christians Against Poverty ICAPI.
Seagoe Youth group which is the umbrella organi5ation of Youth provision within the Parish continues to grow and offer a
wide range of opportunitie5 for young people within the two youth centres. This provision is vital as it reaches many young
people within and outside the parish and 15 an opportunity of outreach also within the local community in order to create
a safe and secure environment for the younE people to develop friendships, promote positive peer development, life skills
development and faith teaching whilst having the capacity to build on the inclusion of marginalised young people and the
integration of young people frorn other countries, ethnicities and cultures.

Seagoe Parish Church
Page S
Trustees, Annual Report for the year ended 31 December 2023 (continued)
The Clergy continue to engage with their counterparts from other denominations for fellowship, outreach, local engagement
and a variety of inter-church events within the local area. The group organise various events throughout the year and at
specific seasonal times.
Other events which are attended by members of the parish are the Bishop's Bible Week, various mission events and quiet
days along with social outings.
The parish continues to grow and within the groups volunteer leaders along with paid leaders are the vital asset to groups
running within the parish and in doing so all leaders and volunteers are provided with and have completed the Safeguarding
Trust training that has to be carried out in respect to the Church of Ireland Safeguarding Trust guidelines and that everyone
is aware and adhere to them.
Financial Review
The main source of Income is derived from Free Will Offering contributions.
Going Concern
The trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate funds in place to
ensure that St Gobhan's Parish Church I Seagoe Parish can continue its activities and the financial statements for the year
end 31 December 2023 can be signed off as a going concern.
Strurture Governance and Mana
ement
Governing Document and Constitution of the Charity
Chapter 111 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 Select Vestry
All members of the Church of Ireland who are aged 18 or over and are either resident within the parish or live elsewhere
but have been accustomed members of the congregation, may register as member5 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 will hold their p051tions for a period of one year and
Select Vestry rnembers may be re-elected annually and there 15 no limit to the number of terms which may be served.
Pay and Remuneration
The Incumbent and Associate Minister receives a stipend, locomotory and office allowances that are directly paid by the
parish in accordance with figures approved by the General Synod of the Church of Ireland.
Or
anisational Structure
The Select Vestry is responsible for the day-to-day management of the Parish. The Select vestry consists of the members of
the Clergy serving in the parish, the churchwardens, the glebe wardens and up to a maximum of 12 other members of the
General Vestry elected at General Vestry.
The Select Vestry is chaired by the Incumbent or other members of the clergy officiating in the Parish. Select Vestry
members are responsible for making deci5i0n5 on matter5 of general concern and importance to the parish including
deciding how much parish funds are to be applied.
The Select Vestry meets at times fixed by members or by the Diocesan Synod. Special meetings may be convened at any
tirne by the Chairperson or Churchw3rden5.

Seagoe Parish Church
Page 6
Trustees, Annual Report for the year ended 31 Deeember 2023 {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 activities entered into during the years have helped to achieve the Parish's objectives and activities, as well
as providing public benefit.
MR RODNEY MCCABE
HON. TREASURER
MR NEIL ROBINSON
HON. SECRETARY

Seagoe Parish Church
Page 7
Independent Examiner's Report to the Trustees of Seagoe Parish Church
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023
which are set out on pages 8 to 19.
Respertive responsibilities of trustees and examiner
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the
Charities Act (Northern Ireland) 2008.
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 Directions given by the Charity Commission for Northern Ireland
under section 65191{bl of the Charities Act,. and
state whether particular matters have come to my attention.
8asis of independent examiner'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 6519llbl
of the Charities Act.
My examination included a review of the accounting records kept by the charity and a compari50n of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking
explanations from you as charity trustees concerning any such matter5.
My role is to State whether any material matters 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 account5 do not accord with those accounting records
3. That the accounts do not comply with the accounting requirement5 of the Charitie5 Act
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 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 registered mernber of Institute of Chartered Accountants in
Ireland. which is one of the listed bodies.
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 Commission for Northern Ireland, I have found no matters that require drawing
to your attention.
BarryTho
son
Chartered Accountant
76-78 Church Street
Portadown
BT623EU
Date: 30 August 2024

Seagoe Parish Church
Page 8
Statement of Financial Activities for the year ended 31 December 2023
Unrestrlrted
Funds
2023
Restricted
Funds
2023
Endowment
Funds
2023
Total
2023
Total
2022
Note
Income
Donations & legacies
Other trading activities
Investments
Charitable activities
Other income
213,120
45
6.367
290
io
50,407
3,205
31,641
758
61.271
263,527
3,250
38,008
1,048
61,281
280,109
3.619
16,993
589
75,303
Total Income
219,832
147,282
367,114
376,613
enditUTe on:
Charitable activities
Other
Total Ex
205,697
29
205,726
87,113
14.769
101,882
292,810
14,798
307,608
262,917
9,931
272,848
enditure
Net Income/ (Expenditure) before
transfers
14.106
45,400
59,506
103,765
Transfers between funds
Net Income/ (Expenditure) before other
recognised gains and losses
14,106
45.400
59,506
103,765
Gain/lLoss1 on investments assets
11,9781
11.9271
13,9051
15,6971
Net movement in funds
12,128
43,473
55,601
98,068
Reconciliation of funds:
Total funds brought forward
18
75,831
1,116,753
1,192,584
1.094.516
Total funds carried forward
18
87,959
1,160,226
1,248,185
1,192,584

Seagoe Parish Church
Page 9
Balance Sheet as at 31 December 2023
Note
2023
2022
Fixed Assets
Tangible fixed assets
Investments
Total fixed assets
12
13
350,000
134.951
484,951
350,000
138,857
488,857
Current assets
Debtors
Cash and cash equivalents
Total current assets
14
40,781
761,958
802,739
44,846
716.454
761,300
Creditors- amounts falling due within one year
15
125.3381
133,4061
Net current assets
777,401
727,894
Total assets less eurrent liabilities
1,262,352
1,216,751
Creditors- amounts falling due after more than one year
114,1671
124,1671
Total net assets
1,248,185
1,192,584
The fund5 of the parish
Unrestricted funds
General funds
Designated funds
Total unrestricted funds
Restricted Funds
Endowment Funds
Total charity funds
18
87,958
75,831
87.958
1,160,227
75.831
1,116.753
18
18
1,248.185
1.192,584
The notes on pages 10 to 19 are an integral part of these financial statements.
The financial statements on pages 8 to 19 were approved by the Board of Trustees on 30 AuBust 2024 and signed on its
behalf by..
Mr Rodney Mccabe (Treasurer)
Mr Neil Robinson {Secretary)

Seagoe Parish Church
Page 10
Notes to the financial statements for the year ended 31 December 2023
l. Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the
financial statements are set out below. These policies have been consistently applied to all years presented unless
otherwise stated.
al 8asls of preparation
The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting bv
Charities: Statement of Recommended Practice applicable to charities preparinE their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211, the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.
The Parish meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at
historical cost and transaction value unless otherwise stated in the relevant accounting policy notelsl.
b) Preparation of accounts on a going concern basis
The Parish generally meets its day to day working capital requirement5 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
provide a reasonable expectation that it can continue to meet its financial obligations as they fall due for the foreseeable
future. Therefore. these financial statement5 have been prepared on a going concern basis.
c} Income
Plate Collections and Weekly Envelopes are accounted for on a cash receipts basis as the amount is collected.
Income from government and other grants, 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.
Legacies are included within Income under either unrestricted or restricted funds according 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) Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable
that settlement will be required, and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Seagoe Parish Church
Page 11
Notes to the flnancial statements for the year ended 31 December 2023 Icontinuedl
l. Accounting policies (continued)
e) Tangible assets
The assets of the Parish comprise-
Church Building and Graveyard
Parish Centre
Glebe House as known as The Rectory
Fixtures and fittings
The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP IFRS1021. 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 user5 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 information on the cost or
valuation is not available and such information cannot be obtained at a cost comrnensurate 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 building lacks
sufficient reliability. A5 a result, this building is not recognised in the Parish balance sheet.
The Grebe House is recognised at cost, being the estimated fair value of the property at 26 January 2020. No depreciation
has been provided on the Glebe house as the current estimated residual value is not less than its carrying value and the
remaining useful life currently exceeds 50 years.
Fixtures and Fittings are recognised at C05t and are depreciated on a straight line basis over a period of 5 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 prospectivelv.
Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference
between the new disposal proceeds and the carrying amount 15 recogni5ed in the statement of financial activities and
included in 'Other operating (Ios5e5l/gains'.
fl Investments
Fixed asset investments comprising investment propefties, investments in equities and investment in RCB/CIT 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 I0￿e5
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 investment5 are reported within "Net Gains / (Losses) on Investment5" Wlthin the
Statement of Financial Activities.

Seagoe Parish Church
Page 12
Notes to the financial statements for the year ended 31 December 2023 {continued)
l. Accounting policies (continued)
g) Cash and cash equivalents
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 Amounts
falling due within l year.
h) Flnancial Instruments
The Parish only has financial assets and financial 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.
i) Funds
Funds are classified as either restricted funds or unrestrirted funds, defined as follows.
Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with
their authority or created through legal processes, but still within the wider objects of the Parish.
Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the
income there from is used for the purpose defined in accordance with the object5 of the Parish.
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If part5 of
the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a
separate fund. This designation has an administrative purpose only and does not legally restrict the trustees, discretion to
apply the fund.
2. Critical accounting judgements and estimation uncertainty
Estimate5 and judgments made in the process of preparing the financial statement5 are continually evaluated and are based
on historical experience and other factors, including expectations of future events that are believed to be re350nable under
the circurnstances. The Trustees do not consider that there are any critical judgments made in applying the Parish's
accounting policies or that there are any critical accounting estimates or assumptions which may have a significant risk of
causing a material adjustment to carrying amounts of assets and liabilities within the next financial year.

Seagoe Parish Church
Page 13
Notes to the flnancial statements for the year ended 31 December 2023 Icontinuedl
3. Donations and legactes
Unrestricted
Funds
2023
Restricted
Funds
2023
Endowment
Funds
2023
Total
2023
2022
Plate Collections
Weekly envelopes l FWO
Tax recovered on Donations
Standing Orders
Othor Donation5
Church Organisations & Catering
Mission Donations
Special Collections
Other
3,244
85,562
35,851
87,797
666
454
1,841
5,098
11,050
25,161
62
1,050
5.691
3,698
87,403
40,949
98,847
25,827
62
I,oso
5,691
1.961
92,971
45,562
87,036
34,718
4,171
560
12,979
151
280,109
213,120
50,407
263,527
4. Other trading artivities
Magazine Income
Graveyard Income
Other
45
550
2,655
595
2,655
590
2.919
iio
45
3,205
3,250
3,619
5. Investments
Dividends received
Other Investment income
Deposit interest
4,898
1,469
4.898
1,469
31,641
38,008
4.755
1,430
10,808
16,993
31.641
31,641
6,367
6. Charitable activitie5
Income from Parish Organisations
Other income
105
185
290
758
863
185
300
289
589
758
1.048
7. Other Income
Grants Inet}
Seagoe Ministries
Solar panels
Other income
8,361
49,922
2.988
8,361
49,922
2,988
io
61,281
14.530
52.482
2,715
5,576
75,303
io
io
61,271

Seagoe Parish Church
Page 14
Notes to the financial statements for the year ended 31 December 2023 Icontinuedl
8. Analysis of Expenditure
Unrestricted
Funds
2023
Restricted
Funds
2023
Endowment
Funds
2023
Total
2023
2022
Generating Funds
Fundraising costs
Charitable Activities
Wages and Salaries
Diocesan Costs
Church Running Costs
Glebe Costs
Parish Centie Costs
Charitable Donations
Parish Missions
Payments to Parish Organisations
Administration Costs
Sundry Costs
132.004
16,236
13,064
5,392
13,725
3.632
1,373
1,862
15.654
2,755
205,697
18.449
150,453
16,236
43.866
5,392
18,835
3,632
21,083
10.033
18,936
4,344
292,810
137.495
16,461
15,829
13,390
24,044
1,249
32,297
7,167
14,985
30,802
5,110
19,710
8,171
3.282
1,589
87,113
262,917
Other Costs
Seagoe Ministrie5
29
14,769
14,798
9.931
Total Expenditure
205,726
101,882
307,608
272,848

Seagoe Parish Church
Page IS
Notes to the financial statements for the year ended 31 December 2023 (continued)
9. Gain / (Loss) on Investment Assets
2023
2022
Unrealised fair value gainslllossesl on investments
Realised gains/llossesl on investments
Total
13,9051
15,6971
13.9051
15,6971
10. Taxation
The Seagoe Parish Church is recognised as a charity for the purposes of applicable taxation legislation and is therefore not
subject to taxation on its charitable activities.
11. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel
Employees
2023
2022
Stipends. Salaries and wages
National insurance costs
Pension costs
121.673
7,757
21,023
150,453
127.403
7,491
19,062
153,956
Total
The average number of employees during the year, calculated on the basis of a head count, was as follow5..
2023
Number
2022
Number
Ministerial support
Administration
Music staff
Premises maintenance
Catering
13
13
There are no employees in receipt of employee benefits in exce55 of £60,000
Key Monagement and Trustees
Included in salaries and wages Rev Canon Terence C3dden and Rev Stuart Moles were in receipt of a stipend15alaryl,
locomotory allowance and office allowance. Also, Rev Jim Fleming, Jeanette Carson and Phyllis Richard50n were all
in receipt of a Salary.

Seagoe Parish Church
Page 16
Notes to the financial statements for the year ended 31 December 2023 {continued)
12. Tangible fixed assets
Office
Equipment
Buildings
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
Depreciation
At beginning of the year
Depreciation
Disposals
At end of the 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
Listed
Investments
Other
Investments
Total
Balance at beginning of the year
Additions during the year
Disposals during the year
Fair Value gain 1110551 on investments
138,856
138.856
13,9051
13,9051
Balance at end of the year
134,951
134,951
Analysis of Investments
2023
2022
Equity Investments
Other Listed Investments
Inve5tment5 in RB Unit Trusts
82,210
84,189
52,741
134,951
54,668
138.857

Sea8oe Parish Church
Page 17
Notes to the financial statements for the year ended 31 December 2023 (continued)
14. Debtors
2023
2022
Sundry debtors
Gift aid
889
39,892
872
43,974
40,781
44,846
15. Creditors Amounts Due wlthin l Year
2023
2022
Accruals and other creditors
Deferred income
Bank loans and overdrafts
15,338
23,406
10,000
10,000
25.338
33.406
16. Financial instruments
The company has the following financial instruments..
2023
2022
Loans and receivables held at amortised cost
Investments
Cash and cash equivalents
Sundry debtors
Other receivables
134.951
761,958
889
39.892
138,587
716,454
872
43,974
937,690
900.157
Financial liabilities measured at amortised cost
Bank loans and overdrafts
Accruals and other creditors
24.167
15,338
34,167
23,406
39.505
57,573

Seagoe Parish Church
Page 18
Notes to the financial statements for the year ended 31 December 2023 (continued)
17. Analysis of Net Assets among Funds
General
Designated
Restricted
Endowment
Total
Fixed Assets
Investments
Current Assets
Current Liabilities
Net assets at 31 Dec 2023
350,000
52,741
830.700
142,8931
1,190.548
350.000
134,951
802,739
139,5051
1,248,185
82,210
127,9611
3,388
57,637
18. Funds of the Parish
Atljan
2023
Movement
in year 2023
At 31 Dec
2023
Restricted funds
Bowling Club Fund
Cells Fund
Edenderry Breakfast Club Fund
Flowers Fund
General Fund
Graveyard Fund
HealinE Prayer Group Fund
Killicomaine Church Plant Fund
Luncheon Club Fund
Men'5, Group
Missions Fund
Parents and Toddler Club Fund
Parish Centre Building Fund
Rectory Property Fund
Restoration Fund
Rubies Ladies Group
Rwanda
Seagoe Mini5trie5 Fund
Solar
Sunday Light Fund
Youth Fellowship Fund
876
1301
876
1301
928
81,686
3,877
188
13.8021
716
313
928
32,688
{3,3421
258
112,0981
114,374
535
446
115.9001
716
342
117,8841
3,196
29
117,8841
{931
3,289
350.000
668,603
12351
350,000
741,213
1,164
72,610
1,399
152
1.489
42
3091
75,787
152
15,734
1833)
12,489)
1,192.540
14,245
18751
12,1801
1,116,753
Unrestrirted funds
General Fund
75.831
{20,1861
55,645
Total funds
1,192,584
55,601
1.248,185

Seagoe Parish Church
Page 19
Notes to the financial statements for the year ended 31 December 2023 (continued)
Pur
oses of Restricted Funds
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 is 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 Sea8oe'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 Killicomaine 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 wa5 a fund to support a group of men, who meet tOEether
Rectors, Discretionary Fund.. This is a fund used by the Rector for clergy and organ relief, alleviation of those in
poverty and miscellaneous 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 hire of church property by outsiders
Solar Fund.- Thi5 is income derived from solar panels to pay back their purchase and thereafter subsidise electricitv
costs
Pur
oses of Desi
nated Funds
Parent and Toddler Fund.. Thi5 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.. This is a fund to support the missionary link with Shyogwe Diocese in Rwanda
Sunday Light Fund= This is a fund to support the teaching of children on a Sunday and on occasion other days
Youth Fellowship Fund.. Thi5 is a fund to support the Youth Fellowship group of teenagers
19. Collection Paid for Third Parties
2023
2022
CMSI Project- Shyogwe Diocese Rwanda
Earthquake Appeal
Zion collection
Princes Trust
Coffee morning
Bishop's Bike Ride for Missions
Christmas Appeal
Macmillan Cancer Support
Seagoe Primary School
Those in Need
Ukraine Appeal
375
433
386
428
540
80
1,143
70
227
2,737
5,788
10,420
3,904
5,691
The amounts above have been included in total income for the year under Special Collections and Mi55i0n Donations and
in total expenditure for the year under Charitable Donation and Parish Mission5.