Church of the Epiphany Parish of Upper Malone Trusteeg 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 Church of the Epiphany Parish of Upper Malone for the year ended 31 December 2023. Objertives and activtties The charitable purpose of the Church of Ireland is the advancement of reli@'on. The principal fijnrtion of the Church of the Epitthany, a member parish of the Church of Ireland. is tr) supportthe adanment of the Christian religton bypromotin&throughthe workofthe thurchof the Epipharythe whole mission ofthe Church. pastoral. evangelistlc, social and ecumenical. Being open to and engaging with society, as a whole and offering support for those needing help are fundamentsl to the practitsl ddivery of the benefft5 of Christianty. As a result of aCtIty in the pursuit of the advancement of the Christian religion. the Church of the Epiphany ha5 Custody of property and of records materialsand artefattsof signrfic2KetotherJJlwraland religious heritage of the community at large. The care and maintenance of these assets is undertaken by the Selett Vesty. Compliance with Public Benefit The Parish has considered the Charity Commission for Northem Ireland's ststutory guidance on public benefit to ensure thatthe a¢tivities entered into during the year have furthered the Parish's objertives, for the public benefiL The trustees have paid due regard to 8uidaDce issued by the Charty Commission in deciding what activitie5the charity should undertake. Achievements, Perforniance & Public Benefft Church of the Epiphany Parish of Upper Malone utilises its Church Building to provide bi-weekly service5 of public worship, open to all, which contribute to spiritual well-being of participants and the reinforcement of Christian values. Through the minister, and those who assist her, the church provides pastoral care to any who i'equest it and undertakes religious ceremonies such as weddings and funerals. In cooperation with the other churches in the Finaghy area there are a number of joint events each year for the whole community and for all ages. Its buildings are used by other community and church organisations to benefit the people of the Finaghy area. These artlvities implement our charitable purposes and provide public benefrt. Flnanclal Review The charlty is in a secure financial position at 31 December 2023 as despite an in year defi¢it of £490112022- Deficit of £54881 the charity has reasonable reserves to meet foreseen liabilities. Our goal is to maintain reserves of at least 3 months. expenditure which we have at the year end. At 31 December 2023 unrestricted cash funds amounted to £34593131 December 2022 - £40274) and Restricted cash funds amounted to £1344 (31 December 2022 - £5641. Going Concern Our income and costs should be able to be maintained at or below current levels. Any additional fijnds for capital cost5 will be able to be raised separately. In the light of this 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 activities for a period of at least 12 months from the date of approval and the financial statements for the year ended 31 December 2023 can be signed off as a goin8 concern. Risk assessment The trustees h3ve assessed the major risks to which the charity is exposed, and are satisfied that system5 are in place to mitigate exposure to the major risks.
Church of the Epiphany Parish of Upper Malone Trustee Annual Report for the year ended 31 December 2023 Icontinued) Structurep governance and management Goveming document and constitution of the tharity Chapter 111 of the Constitsjtion of the Churth of Ireland governs parishes and parochial organisation. The members of the Selert Vestry are charity trustees. The trustees who served during the year and up to the date of signature of the financial statements were: Mrs Carollne Anne Stephens Mrs Anne Stockman (resigned 2 April 2023) Mr Wictorstephens Miss Sylvia Kennedy Mrs Matilda Harold Mrs Evelyn Wright Rev. Louise Stewart Miss Roberta Emily Kennedy Mrs Valerie Margaret Beers Miss Edith Mccarthy Mrs Edna Sloss {resigned 2 April 20231 Mr5 Jennifer Taylor Mrs Gloria Aicken Mrs Alexandra Shivers Mr Brian Alcken Ms Roberta Peters Recruitment and appointment of Selert Vestry members {the Trustees) All members of the Churth 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 and subscribe to the parlsh by a means for which a receipt may be Issued may register as member5 of the General Vestry of the parish allowing them to attend and vote at meetlngs of the General Vestry and to Stand for election to the Select Vestry. Meeting5 of the General Vestry are held at least once a year. The Selett Vestry is elerted as part of thi5 General Vesty meeting. The Select Vestry will hold their positions for period of approximately one year. Select Vestry members may be re-elected annually and there is no limit on the number of temis which may be served. Organisational structure The Selett Vestry is responsible for the daY-tdaY management of the parish. The Selett Vestry Cons of the member of the clergy serving in the parish, the Rector. the churchwardens, the glebe ardenS and generally not more than 7Ve other members of the General Vestry elected at the Annual General Vestry. The incumbertorothermember of the dergyoffiuating inthe pwish thaiT5the Selectvestry. Seiectvestrymembers are responsible for makin8 decisions on matters of geneTrl concern and Importan to the paiish includinB deading how parish fvnds are to be applied. The Selert Vesty meets at times ft<ed by the members and Spe(ial meetings may be convened at anytime bythe chairperson orthe churchwardens. The Select vestry met monthly except forthe summer months with a quorum present eath time. Pay and remuneration The incumbent of the Parish, the Rector, is entitled to a stipend that is paid direth by the Parish, thith is in accordan with figures approved bythe General s0d ofthe Church of Ireland and Offi and Iccomotory allowances, pension contributions and use of the rectory. or appropriate housing allowance. We are tyrouped with SL Polycarp's with whom we share a Rector. These staff costs are shared by both parishes with our responsibillry 45Yo of the costs and SL Polycarp's 55%.
Church of the Epiphany Parish of Upper Malone Trustees, Annual Report for the year ended 31 December Z023 (continued) Statement of trustees, responsibilities The trustees are responsible for preparingthe 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 Northem Ireland with Income of less than £250,0(X) require5 the trustees to prepare a statement of receipts and payments and a statement of assets and liabilities for each financial year. 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 Siabilities 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 8ehalf of the Trustees Trustee I Trustee 2