St Catherine's Parish Church Killead Trustees, Annual Report for the Year Ended 31 December 2023 The trustees present the annual report and statements of Receipts and Payments and Assets and Liabilities for st Catherine's Parish Church Killead, for the year ended 31 December 2023. Objectlves and Activities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of St Catherine's Parish Church Killead, is to support the advancement of the Christian religion by promoting, through the work of the congregation the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Being open to and engaging with society 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 Catherine's Parish Church, Killead has custody of certain property, records, materials and artefacts which are of significance to the cultural and religious heritage of the whole community. the maintenance of which is undertaken by the select vestry of St Catherine's Parish Church Killead. Achievements, Performance & Public Benefit The church was once again heavily involved within the local community during 2023 and this involvement will continue in the future. Financial Review The income for the church from various sources was £56,290.71 with outgoings of £46,466.59, giving an excess of income over expenditure of£9,824.12 (2022 surplus £7.705.16). The bank and cash balances on 31 December 2023 were in surplus to the value of £94,237.95, (2022 Surplus £84.413.83). Of this surplus, £31,002.69 relates to the Repair Fund account with a surplus of £63.235.26 in the General account. It is the trustee's policy to hold reserves adequate to cover unexpected emergencies and to have adequate reserves for church propety maintenance and to further the objectives and activities of the parish. Going Concern The trustees have reviewed the budget for the year ahead and are satisfied that there are adequate funds in place to ensure the church can continue its activities and the financial statements forthe year ended 31 December 2023 can be signed off as a going concern.
St Catherine's Parish Church, Killead Trustees, Annual Report for the year ended 31 December 2023 (continued) Structure, Governance and Management Governing Document and Constitution of the Charity St Catherine's Parish Church Killead is governed and managed in accordance with the constitution of the church of Ireland. The select vestry members are the charity trustees. Recruitment and Appointment of Select Vestry (Trustees) All Members of the Church of Ireland who are over the age of 18 and are either resident within the parish or live elsewhere but have been accustomed members of the congregation for at least three months, may register as members of the general vestry of the parish, allowing them to attend and vote at meetings of the general vestry and to stand for election to the select vestry. Meetings of the general vestry are held at least once a year. The Select Vestry is elected as part of this General Vestry meeting. The Select Vestry will hold their positions for a period of one year. Select Vestry members may be re-elected annually and there is no limit on the number of terms which may be served. 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, any curate assistant ("the curate"). the churchwardens. the glebe wardens and generally not more than e1ve other members of the general vestry elected at the General Vestry. The select vestry is 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 deciding how parish funds are to be applied. The select vestry meets at times fixed by the members or by the diocesan synod. Special meetings may be convened at any time by the chairperson or the churchwardens. In 2023 the Select Vestry met 4 times during the year. Compllance with Public Benefit The Parish has considered the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the actives entered into during the year have helped to achieve the Parish's objectives and aclivities, as well as providing public benefit. statement of Trustees. Responsibilltles The trustees are responsible for preparing the Trustees, Report and the statement of receipts and payments and statement of assets and liabilities in accordance with applicable law and regulations. The law applicable to charities in Northern Ireland with Income of less than £250.000 requires the trustees to prepare a statement of receipts and payrnents and a statement of assets and liabilities for each financial year.
St Catherine's Parish Church, Killead Trustees, Annual Report for the year ended 31 December 2023 (continued) Statement of Trustees, Responslblllties (continued} The trustees are responsible for keeping accounting records that are sufficient to show and explain the Parish's transactions and disclose with reasonable accuracy at any time the assets and liabilities of the Parish. They are also responsible for safeguarding the assets of the Parish and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on Behalf of the Trustees Trustee: Dorothy Molyneaux . Tr"Jrtcr Trustee: John Mccord flcc Date: 17 Aprll 2024