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2025-12-31-accounts

Docusign Envelope ID: 90ECDB6F-4C70-8C0B-831E-EACDA60E50BF

Seagoe Parish Church

Trustees Annual Report & Financial Statements

for the year ended 31[st] December 2025

Charity Registration Number: NIC101443

Docusign Envelope ID: 90ECDB6F-4C70-8C0B-831E-EACDA60E50BF

Seagoe Parish Church Charity Information Principal address 46 Seagoe Road Portadown BT63 5HW Chair person & Area Dean Rev’d Mark Lennox (appointed 10/5/26) Trustees Chairperson - Rev.d Cannon Terence Cadden (retired 10/5/26) Rev.d Stuart Moles Hon. Secretary - Mr Neil Robinson (outgoing 14/4/26) Hon. Secretary - Mrs Griania White Hon Treasurer – Mr Rodney McCabe Mr Edward Graham Mrs Helen Nicholl Mr Rodney McCabe Mr Sidney Hazley (Retired 14/4/26) Mr Harold Twinem Mr Graeme Cunningham (Retired 14/4/26) Mr Richard Smyton Mr Philip Morrison Mr Luke Nicholl Mrs Marion McCabe Mr David White Mr Stephen Serplus Mr Andrew Carson Mr Robert Ritchie Mrs Jeanette Carson (appointed 14/4/26) Mr Ashley Woods (appointed 14/4/26) Mr Neil Turkington (appointed 14/4/26)

Accountants & JSR Independent Examiner 44 Blackisland Road Annaghmore Portadown BT62 1NE Bankers Ulster Bank 20 High Street Portadown BT62 1HU Charity Number 101443

Docusign Envelope ID: 90ECDB6F-4C70-8C0B-831E-EACDA60E50BF

Seagoe Parish Church

Contents
Page
Report of the Trustees 1 - 4
Independent Examiners report 5
Statement of Financial Activities 6
Balance sheet 7
Notes to the financial statements 8 - 15

Docusign Envelope ID: 90ECDB6F-4C70-8C0B-831E-EACDA60E50BF

Seagoe Parish Church

Report of the Trustees for the year ended 31 December 2025

Seagoe Parish Church

Trustees Annual Report for the year ended 31[st] December 2025

The trustees of St Gobhan’s Parish Church/ Seagoe Church of Ireland present the annual report for Seagoe Parish Church for the year ended 31[st] December 2025.

Objectives and Activities

The charitable purpose of St Gobhan’s/ 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, St Gobhan’s Parish Church/ Seagoe Church of Ireland has custody of property and of records, materials and artefacts of significance t 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 2025 are the following:

We maintain St Gobhan’s Parish Church (1814), Seagoe Old School (1859), Seagoe Rectory (1930’s), St Patrick’s Hall, Killicomaine (1957) and Seagoe Parish Centre (2010). 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 center of all we do. Church services include:

The different timings are to facilitate all the congregation to encourage regular worship.

The services are 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 services not on a Sunday. Special seasonal services 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 services 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 with associated pastoral support and follow up. Baptisms took place either during our main Sunday service or on other occasional dates not on a Sunday and Marriages took place on other occasional dates not on a Sunday.

Page: 1

Docusign Envelope ID: 90ECDB6F-4C70-8C0B-831E-EACDA60E50BF

Seagoe Parish Church

Report of the Trustees

for the year ended 31 December 2025

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 parishioners at home, hospital or in a nursing home were carried out by church members and a group of Parishioners also 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 for a week, we continued to hold that link and support with Shyogwe Diocese through CMSI. In addition to receiving regular updates from the Diocese, our mission team continued to be in contact with clergy and people in Shyogwe, through use of social media.

We continued to raise funds to support the link, and the mission team encouraged the Parish to engage more fully with the link.

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 three 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 event happening within the parish and also other events happening outside the parish.

We have our digital communication in place with includes the website (www.seagoe.co.uk), our Facebook page (facebook.com/seagoeparish) and our Instagram page (seagoeparish). We also have the digital archives website (www.seagoearchives.co.uk).

We continued to meet for regular prayer meetings and fellowship groups throughout the year which help to build social engagement and participation, Christian Fellowship and faith development.

We also have our numerous church groups which met during the year. 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 have around 50 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.

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 (CAP).

Page: 2

Docusign Envelope ID: 90ECDB6F-4C70-8C0B-831E-EACDA60E50BF

Seagoe Parish Church

Report of the Trustees

for the year ended 31 December 2025

Seagoe Youth group which is the umbrella organization of Youth provision within the Parish continues to grow and offer a wide range of opportunities for young people within the two youth centers. This provision is vital as it reaches many young people within and outside the parish and is an opportunity of outreach also within the local community in order to create a safe and secure environment for the young people to develop friendships, promote positive peer development, life skills development and faith teaching whilst having the capacity to build on the inclusion of marginalized young people and the integration of young people from other countries, ethnicities and cultures.

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, volunteers and leaders are the vital asset to the 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/ Seagoe Parish can continue its activities and the financial statements for the year ended 31[st] December 2025 can be signed off as a ‘going concern’.

Structure, Governance and Management

Governing Document and Constitution of the Charity

Chapter III 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 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 will hold their positions for a period of one year and Select Vestry members may be re-elected annually and there is 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.

Page: 3

Docusign Envelope ID: 90ECDB6F-4C70-8C0B-831E-EACDA60E50BF

Seagoe Parish Church

Report of the Trustees for the year ended 31 December 2025

Organisational Structure

The Select Vestry is responsible for the day-to-day management of the Parish. The Select Vestry consists of the member of the Clergy serving in the parish, 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 decisions on matters 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 time by the Chairperson or Churchwardens.

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 year have helped to achieve the Parish’s objectives and activities, as well as providing public benefit.

This report was approved by the Trustees on 9[th] June 2026 and signed on its behalf by:

Mr Rodney McCabe Mrs Griania White Hon. Treasurer Hon. Secretary

Page: 4

Docusign Envelope ID: 90ECDB6F-4C70-8C0B-831E-EACDA60E50BF

Seagoe Parish Church Independent examiner’s report to the Charity Trustees of ‘Seagoe Parish Church’ Trust

I report on the accounts of the Trust for the year ended 31 December 2025, which are set out on pages 6 to 15.

Respective responsibilities of Charity Trustees and examiner

As the Charity’s Trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.

It is my responsibility to:

Basis 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 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 Trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe:

  1. 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 comply with the accounting requirements of the Charities Act

  4. That there is further information needed for a proper understanding of the accounts to be reached.

Independent examiner’s statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) 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.

Jonathan Ross FCA Chartered Accountant

44 Blackisland Road Annaghmore Portadown BT62 1NE

Date: 10 June 2026

Page: 5

Docusign Envelope ID: 90ECDB6F-4C70-8C0B-831E-EACDA60E50BF

Seagoe Parish Church Statement of Financial Activities for the year ended 31 December 2025

For the period ended 31 December 2025
Incoming Resources
Notes
Donations & Legacies
3
Other Trading Activities
4
Investment income
5
Charitable Activities
6
Other incoming resources
7
Total Incoming Resources
Resources Expended
Charitable activities
8
Other resources expended
8
Other resources expended
Total Resources Expended
Net incoming/ outgoing resources
before transfers
Gross transfers between funds
Net incoming resources before other
recognised gains and losses
Other recognised gains and losses
Gains/ (losses) on investment assets
9
Net movement in funds
Reconciliation of funds
Total funds brought forward
17
Prior Year Adjustment
Total funds brought forward
Total funds carried forward
17		 Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
210,133
23,574
233,707
-
4,590
4,590
20,919
-
20,919
-
-
-
-
13,116
13,116
231,052
41,280
272,332
247,115
2,756
249,871
-
10,360
10,360
-
-
-
247,115
13,116
260,231
(16,063)
28,164
12,101
-
-
-
(16,063)
28,164
12,101
14,616
-
14,616
(1,447)
28,164
26,717
43,366
1,202,614
1,245,980
-
-
-
43,366
1,202,614
1,245,980
41,919
1,230,778
1,272,697		 Prior year
£
248,200
6,528
26,486
300
12,466
293,980
288,144
10,185
-
298,329
(4,349)
-
(4,349)
2,143
(2,206)
1,248,185
-
1,248,185
1,245,980

All of the Charity’s activities derived from continuing operations during the period. The Charity has no recognised gains or losses other than those shown above and therefore no separate statement of total recognised gains and losses has been presented.

Page:6

Docusign Envelope ID: 90ECDB6F-4C70-8C0B-831E-EACDA60E50BF

Seagoe Parish Church
Balance sheet
as at 31 December 2025
Notes:
2025
Fixed Assets
£
Tangible Fixed
Assets
12
365,493
Investments
13
151,710
Total Fixed Assets
517,203
Current Assets
Other Debtors
14
33,232
Cash at Bank and in hand
742,714
Total Current Assets
775,946
Liabilities
Creditors falling due < 1 year
15
(20,452)
Net Current Assets
755,494
Total Assets less Current
Liabilities
1,272,697
Creditors falling due > 1 year
-
Total Net
Assets
1,272,697
Represented
by:
Unrestricted funds
17
- General
Funds
41,919
- Designated Funds
-
Total Unrestricted Funds
41,919
Restricted
funds
17
1,230,778
Endowment Funds
17
-
Total Funds of Charity
1,272,697		 2024
£
350,000
137,095
487,095
34,061
757,150
791,211
(27,557)
763,654
1,250,749
(4,769)
1,245,980
43,366
-
43,366
1,202,614
-
1,245,980

Approval of Account

The foregoing Balance Sheet Account was approved by the Trustees on 9[th] June 2026. Signed on behalf of the Trustees by:

Mr Rodney McCabe Mrs Griania White Hon Treasurer Hon Secretary

Page:7

Docusign Envelope ID: 90ECDB6F-4C70-8C0B-831E-EACDA60E50BF

Seagoe Parish Church Notes to the financial statements for the year ended 31[st] December 2025

1. 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.

1.1. Basis of preparation

The financial statements have been prepared in accordance with the provisions of the Charities Act (Northern Ireland) 2008 and with applicable Accounting Standards. These financial statements have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice FRS 102 (Charities SORP FRS102).

Seagoe Parish Church 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 notes.

The accounts have been prepared on the accruals basis.

Seagoe Parish Church generally meets its day-to-day working capital requirements form its annual income. The trustees have obtained and reviewed cash flow forecasts for the coming year and based on these are satisfied that the charity has sufficient resources to provide a reasonable expectation it can continue to meet its financial obligations as they fall due for the foreseeable future. Therefore, these accounts have been prepared on a going concern basis.

1.2. Cash flow statement

The Charity has taken advantage of the exemption provided by FRS102 and has not prepared a cash flow statement.

1.3 Funds Structure

Funds are classified as either Restricted or Unrestricted 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 therefrom is used for the purpose defined in accordance with the objects of the Parish.

The charity does not hold any endowment funds.

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 earmarked at the discretion of the trustees for a particular purpose, they are designed as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees’ discretion to apply the fund.

Page:8

Docusign Envelope ID: 90ECDB6F-4C70-8C0B-831E-EACDA60E50BF

Seagoe Parish Church Notes to the financial statements for the year ended 31[st] December 2025

1.4 Incoming Funds

All incoming resources are recognised once the Charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.

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 or ‘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 charity.

1.5 Resources Expended

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the Charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under heading that aggregate all costs related to the category.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

1.6 Tangible Assets

The assets of the charity comprise:

The Church Building and Graveyard are deemed to be Heritage Assets as defined by the Charities SORP (FRS102). 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.

The Parish Centre

Page:9

Docusign Envelope ID: 90ECDB6F-4C70-8C0B-831E-EACDA60E50BF

Seagoe Parish Church Notes to the financial statements for the year ended

31[st] December 2025

The Glebe House is recognised at cost, being the estimated fair value of the property at 26[th] 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 cost and are depreciated on a straight line basis over a period of five years. The assets’ residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effects of any chance is accounted for prospectively.

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the differences between the new disposal proceeds and the carrying amount is recognised in the Statement of Financial Activities and included in ‘Other operating (losses)/ gains’.

1.6 Investments

Fixed asset investments comprising investment properties, 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 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 he 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/ (Losses) on investments’ within the Statement of Financial Activities.

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term highly liquid investments wit original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within Creditors Amounts falling due within 1 year.

1.8 Financial Instruments

The Parish only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transactional price and subsequently measured at their settlement value.

1.9 Value Added Tax

Seagoe Parish Church is not registered for VAT.

2. Income

Income for the period represents all cash received/ receivable during the period.

Page:10

Docusign Envelope ID: 90ECDB6F-4C70-8C0B-831E-EACDA60E50BF

Seagoe Parish Church Notes to the financial statements for the year ended 31[st] December 2025

3. Voluntary Income
Plate collections
Weekly envelopes/ FWO
Tax recovered on donations
Standing Orders
Other Donations
Special Collections
Income - Church Restoration -
Restricted
Income - Parish Centre - Restricted
Other
4. Activities for generating funds
Magazine Income
Graveyard Income
Other
5. Investment Income
Dividends Received
Other investment income
Deposit interest
6. Income from Charitable Activities
Income from Parish Organisations
Other Income		 Unrestricted
Restricted
£
£
6,343
492
91,365
-
33,659
-
78,000
-
107
-
659
5,851
-
16,630
-
601
-
-
210,133
23,574		 Unrestricted
Restricted
£
£
6,343
492
91,365
-
33,659
-
78,000
-
107
-
659
5,851
-
16,630
-
601
-
-
210,133
23,574		 Total Funds
£
6,835
91,365
33,659
78,000
107
6,510
16,630
601
-
233,707		 Prior year
£
2,748
76,778
38,052
91,874
26,504
-
12,244
-
-
248,200
Prior year
£
1,349
5,479
-
6,828
Prior year
£
6,739
19,747
-
26,486
Prior year
£
300
-
Unrestricted
Restricted
£
£
-
673
-
3,817
-
100
-
4,590
Unrestricted
Restricted
£
£
5,414
-
557
-
14,958
-
20,919
-		 Total Funds
£
673
3,817
100
4,590
Total Funds
£
5,414
557
14,948
20,919
Unrestricted
Restricted
£
£
-
-
-
-		 Total Funds
£
-
-
-
-
-		 300

Page:11

Docusign Envelope ID: 90ECDB6F-4C70-8C0B-831E-EACDA60E50BF

Seagoe Parish Church Notes to the financial statements for the year ended 31[st] December 2025

7.
8.
9.		 Other Income
Seagoe Ministries
Solar Panels
Analysis of expenditure
Charitable Activities
Wages & Salaries
Diocesan Costs
Church Running costs
Parish Centre Costs
Charitable Donations
Parish Missions
Payments to Parish Organisations
Administration costs
Sundry costs
Other Costs
Seagoe Ministries
Total Expenditure
Gain/ (Loss) on investment assets
Unrealised fair value gains/ (losses)		 Unrestricted
Restricted
£
£
-
10,360
-
2,756
-
13,116
Unrestricted
Restricted
£
£
136,480
-
19,385
-
27,640
2,756
14,731
-
2,059
-
33,197
-
48
-
12,922
-
653
-
247,115
2,756
-
10,360
247,115
13,116		 Total Funds
£
10,360
2,756
13,116
Total Funds
£
136,480
19,385
30,396
14,731
2,059
33,197
48
12,922
653
249,871
10,360
260,231		 Prior year
£
10,185
2,327
12,512
Prior year
£
155,794
14,211
49,227
18,700
3,626
26,673
2,851
16,348
714
288,144
10,185
298,329
2025
£
14,616
14,616		 2024
£
2,143
2,143

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.

Page:12

Docusign Envelope ID: 90ECDB6F-4C70-8C0B-831E-EACDA60E50BF

Seagoe Parish Church Notes to the financial statements for the year ended 31[st] December 2025

11. Analysis of Staff Costs, trustee remuneration and expenses, and the cost of key management personnel Employees:

Stipends, Salaries and wages
National Insurance costs
Pension Costs
Total		 2025
£
128,357
2,523
15,960
146,840		 2024
£
126,188
7,565
22,041
155,794

The average number of employees during the year, calculated on the basis of head count, was as follows:

Ministerial Support
Administration
Music Staff
Premises maintenance
Catering		 3
2
1
1
-
7		 4
2
1
1
5
13

There are no employees in receipt of benefits in excess of £60,000

Included within Stipends, Salaries and wages are Stipends (salary), locomotory allowance, and office allowance for Rev Canon Terrence Cadden and Rev Stuart Moles. Jeanette Carson and Phyllis Richardson were in receipt of a salary.

12. Tangible Fixed Assets
Cost
At 1 January 2025
Additions
Disposals
At 31 December 2025
Depreciation
At 1 January 2025
Charge
At 31 December 2025
Net Book Value
At 31 December 2025
At 31 December 2024		 Buildings
Fixtures,
Fittings
Freehold
& Equipment
£
£
350,000
4,926
-
19,366
-
-
350,000
24,292
-
4,926
-
3,873
-
8,799
350,000
15,493
350,000
-		 Total
£
354,926
19,366
374,292
4,926
3,873
8,799
365,493
350,000

Page:13

Docusign Envelope ID: 90ECDB6F-4C70-8C0B-831E-EACDA60E50BF

Seagoe Parish Church Notes to the financial statements for the year ended 31[st] December 2025

13. Investments

Valuation B/fwd
Additions
Disposals
Fair Value gain/ (loss) in year
Valuation C/ fwd		 2025
£
137,095
-
-
14,616
151,711		 2024
£
134,952
-
-
2,143
137,095

The fair value of the General Investment Fund is determined by reference to the quoted price for identical assets in an active market at the balance sheet date.

Analysis of Investments
Equity Investments
Other Listed Investments
Investments in RB Unit Trusts
14. Current Assets
Cash at bank and in hand
Other debtors
2025
£
98,970
-
52,740
151,710
2025
£
742,714
33,232
775,946

2,024
£
83,146
-
53,948
137,094
2024
£
757,150
34,061
791,211
15. Creditors less than 1 year
Loans
Accruals		 2025
£
4,395
16,057
20,452		 2024
£
10,000
17,557
27,557

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Docusign Envelope ID: 90ECDB6F-4C70-8C0B-831E-EACDA60E50BF

Seagoe Parish Church Notes to the financial statements for the year ended 31[st] December 2025

16. Financial Instruments

The Charity has the following financial instruments:

Loans and receivables held at amortised cost
Investments
Cash and cash equivalents
Sundry Debtors
Other Receivables
Valuation C/ fwd
Financial Liabilities measured at amortised cost
Bank loans and overdrafts
Accruals and other creditors
17. Funds of the Seagoe Parish Church:
Restricted Funds
Unrestricted Funds
Total Funds
18. Collections Paid for Third Parties
CMSI Project - Shyogwe Diocese Rwanda
The Representative Church Body
Craigavon Foodbank
Bishops Appeal – Gaza
Christmas Appeal
British Legion
Barnabus		 At 1 Jan
2025
£
1,202,614
43,366		 2025
£
151,710
742,714
-
33,232
927,656
2025
£
4,395
16,057
20,452
Movement
in 2025
£
28,164
(1,447)
26,717
2025
£
-
250
-
924
-
320
565
2,059		 2024
£
137,094
757,150
-
34,061
928,305
2,024
£
14,769
17,557
32,326
At 31 Dec
2025
£
1,230,778
41,919
1,245,980 1,272,697
2024
£
600
-
600
-
1,826
-
600
3,626

The amounts above have been included in total income for the year under Special Collections and Missions Donations and in total expenditure under Charitable Donations and Parish Missions.

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