PARISH OF TEMPLECORRAM Trustee< Annual report and Statemenl of Re¢elpts and Payments and Assets and Llabllltles For the year ended 31 December 2018 Charftles Number: NIC102648 PARISH OF TEMPLECORPAN Annual report and financlal statements for the year ended 31 December 2018 Contents Pages References and admlnlstratlve detalls of the Charity Trustee￿ report Independent Examlners Report to the Trustee5 Receipts and payments account Statement of assets and liabilitie5 Notes to the financlal statements PARISH OF TEMPLECORRAN Year ended 31 December 2018 References and admlnlstrat5v• deta115 Charity Name: Parish of Templecorran Charity Re8lStratlon Number.. NIC102648 Contact Address: The Rectory 29 Downshire Gardens Carrickfergus BT38 7LW Trustees Rev. M Mccann Ireslgned 6 ottober 20181. Mr W Doherty Ireslgned 29 July 20181, Mrs S Mcmurtry, Mrs K MacEwan, Mrs L qnew. Mrs A E McDowell, Miss S Kin& Mrs Marina Mulholland, Mrs H Kin& Mrs E Hamilton-sturdy, Mrs D Barr, Mrs Rachael Peacock. and Ms L Roblnson. Prlnc5pal Olfktrbearers Clergy.. Church Treasurer- Chvrch Warden- Rectorfs: Church Warden- People's.. Vacant Mrs. Kathleen MacEwan Vacant Mrs. Salty M¢Murtry Independent Examlne¢ CG Tag8art Accountanw setv1￿$ Chartered Accountants and Re8iStered Auditor 49 Ashcroft Way Lower Ballinderry Usburn Co Antrlm BT28 2AY Bankers Danske Bank Business Banking P.0. Box 183 Oonegall Squarè West Belfast BTI 61S PARISH OF TEMPLECORRAN Tru5tee< Annual Report for the year ended 311)ecember 2018 The trustees present the annual report and statements of Recelpts and Payments and Assets and Liabilities for the Parish of Templecorran for the year ended 31 December 2018. Obiertlves andArtlvltles The charltable purpose of the Church of Ireland is the advancement of religion. The prfnclpal function of the Parlsh of Templetorran is to support the advancement of the Christlan religion by promotin& through the work of the Parish of Templecorran the whole mission of the Church, pastoral, evangellstic. social and ecumenical. Being open to and engaglng with soryety as a whole and offerSng 5UPPQrt for those nèedlng 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 rellglon, the Parlsh of Templecorran has Custody of property and of records, materlals and artefarts of significance to the cultural and reli8ious heritage and maintenance of whlch Is undertaken by the selert vestry of the Parish of Templecorran. Athlevements Perfomiunce & Publi¢ Benefit The parish through its Church Building provldes weekly servlces of publlc Worship. open to all. whlch contribute to spirltual well-being of partl¢ipants and the reinforcement of Chrlstian values. Throu8h the rettor, and those who assist him. the parish provldes pastoral care to any whct reqvest it. The rector, on behalf of the parish. is involved In the local primary school leading assemblies monthly and serving on the Board of Governors. In cooperatlon with the other churches in the vlllage of Ballycarry there are a number of Jolnt events each year for the whole communlty and for all ages. As there is no rector at present thè Dlocese provtdes clergy to perform the Sunday service5 durln8 the vacancy and deal with pastoral matter5 as they arise. The Dioce$3n process has begun to flnd a new rertor and that proces5 is expected to be completed by summer 2019. These activities Implement our charltable purposes and provlde public benefit. HnaftdolRevlew The parish contlnues to be In a so¢Jnd financlal position with an in year surplus on all atcounts and significant reserves to meet Unfo￿Seen liabilities. The cash funds we have Invested with The Church of Ireland Trustees" we endeavour to maintsln as a reserve against any major capit31 work on our Chvrth Building whlch we may need to do in the future. All income from unit trust Investments with the Representative Body and the Churth of Ireland Trusteès Ss available for general purposes. At 31 Deomber 2018 unrestricted funds amounted to £28346 and restricted and endowment funds amounted to £60254. Goinq Concern During the current perlod of vacancy, 5ncome may be expected to reduce sllghtly however Costs will also be lower. Wlth a new rertor expected in summer 2019 costs will Increase but the new rector will be active to Stlmulate growth including Income 8rowth. In the Ilght of thls the trustees have revlewed the budgets for the year ahead and are satisfied that there are adequate fund5 in place lo ensure that the Parish can contlnue its artivitie5 for a period of at least 12 months from the date of approval and the financlal statements for the year ended 31 December 2018 can be slgned off as a 8olng concem. Strurture, Governance and Mana8¢ment Governkng Documentond Constltuth oAthe Cha Chapter 111 of the Constitutlon of the Church of Ireland Bovems Parlshes and Parochial Organisation. The Select Vestry members are the Charlty Trustee5. PARISH OF TEMPLECORRAN TrUst¢t￿ Annual Report for the ye•r ended 31 De¢embor 2018 {¢ontlnuedl Recruftment andAppolntment oASelert Vestry ITrustee5J I members of the Church of Ireland who are over the age of 18 and are elther resldent within the parish or live elsewhere btjt have been accustomed members of the congregation for at least three month5, may register as member5 of the Beneral vestry of the parish, allovmng them to attend and vote at meetings of the genèral vestry and to Stand for elertion to the selert vestry. Meetin85 ol the general vestry are held at least once a year. The Select Vestry Is elected as part of this General Vestry meetlng. The Select Vestry will hold thelr positions for a period of one year. Select Vestry member5 may be re-elected anrbually and there Is no1Smit on the number of temis which may be served. Poyond remuneratlon The stipend, office and locomotory allowances of the Incumbent of the Parish 15 pald by the other parish with which the Parish of Templecorran Is grouped, namely the Parlsh of Kilroot. The Parish of Temple¢orran pays 25% of these costs which are in accordance with fi8ures approved by the General Synod of the Church of Ireland and the Dlocese of Connor. The rector resigned wlth effect from 6 October 2018 so the amounts expended in 2018 are lower, pro-rota, than those in 2017. See note 3 for details of the amounts expended in the year ended 31 December 2018. Orqon15rtionolStnKfvre The select vestry Is responsible forthe day to day manaBernent of the parish. The select vestry con515ts of the member of the cler8y serving in the parish, the churchwarden5, and generalty not more than twelve other rnembe￿ of the general vestry elected at the General Vestry- The select vestry 15 chalred by the incumbent or other member of the clergy officiatlng in the parlsh. Select vestry members are responsible for making decisions on matters of general concern and importance to the parlsh includlng deciding how parish fvnds are to be applied. The select vestry meets at tlmes flxed by the members or by the diocesan gynod. Speclal meetln8s may be convened at any time by the chairperson or the churchwardens. In 2018 the Select Vestry met 3 times during the year and the average attendance wa5 90%. Compllon¢e wlth Publk Benefft The Parlsh has 8iven careful tonsideration to the Charity Commission for Northern Ireland's guidance on publlc benefit to ensure that the activitie5 entered into durin8 the year have helped to achieve the Parish's purpose and objectives. as well as providing public benefit. Stotement oJTNstees'Responslbllities The trustees are responsible for preparing the TnJstees' Report and the Statement of receipts and payments and statement of assets and liabllltles in accordance with applicable law and regulatlons. The law applicable to charities in Northern Ireland wlth Income of le55 than £250.OCM) requires the trustees to prepare a statement of receipts and payments and a statement of assets and liabilities for each flnancial year. The trustees are responsible for keepin8 accounting records that are sufficlent to show and explain the Parish's transactlons and disclose with reasonable accuracy at any time the assets and liabilities of the PaT15h. They are also responsible for safeguarding the assets of the Parish and hence for taking reasonable step5 for the preventlon and detettlon of fraud and other Irregularltles. Slgned on Behalf of the Truste•5 . 4_ Trustee I MAS. k. Tru￿ee 2 Zoiq as .0 SAR Date...-.--..-- PARISH OF TEMPLECORRAN Recelpts and Payments Account for the year ended 31 December 2018 Funds 2018 Funds Total 20 Totsl Z017 F.W.O. Envelopes Ch4w¢h Collection5 Haryest Collectlons Sustentstlon Tax Rellef on GIft￿k$ed ￿natIOnS Donatlons .C.& scheme Incomè .C.& Inwme Trw4t Church Jar Coffee Morning Funeral Donatk>n Refund of NIC Colle¢llon for R•ctorfs Retlfemènt lift . Incomefrom Bequests 7579 ' 1413 171 1970 3118 410 7579 1413 171 8693 1746 287 2120 3291 460 2150 3118 410 131 131 128 920 890 35 500 565 J.W. Hawthorne M.E. Woodslde M. Mulholland M.A. Beg8S 465 21 15 67 341 1793 465 21 15 67 21 Is Bank Intorest 335 '. 515 Totsl Rece ts 17 308 Pa ' SeThI￿ Covèr ,' Dloceyn A5s•ssm•nt '. Genernl E¥pens•s ElÈrtrldty Tree Survev Sharè of •Jtpen5es iioo '. 1511 ', iity) 850 1739 70 414 162 11251 263 520 164 30 95 20 120 632 Rector Glebe 9297 ', 9297 227 Repairslmathlnery . Water Rat•s Donatlon- of hall Or8anlst Donatlons to chartty , Rertorfs Churthwardtn I0￿-se￿Ie* 81ft Rertorfs Retlrement 81ft uKhtnI￿ ¢onducEor ch•ck Church Insurance Independent Exarnlner Churth Envelopes 150 150 220 310 1095 354 738 100 181 310 1095 354 719 Ico 176 S4 16807 2501 43 Total P Excess of Recelpts 0¥8r P￿meThts for the 16199 1734 1319 415 6019 6269 Openlng cash balance Closin8 Cash Balance 7219 474 62693 On Bèhallof the Trwtees Trustee I Trustee 2 Ey)S£L PARISH OF YEMPLECORRAN Statement of Assets and Llabllltle5 as at 31 December 2018 Not• Unrestrlcted Funds 2018 Restrirted Funds 2018 Endowment Fund5 2018 Totsl 2018 Total Z017 Cash Funds Current Accounts Deposit Accounts Total Cash Funds 8538 27444 28445 55889 35982 11341 51352 62693 8538 64427 Investment Assets Investments In RCB I CIT Unit Trusts Total Investment Assets 17119 4365 21484 22932 17119 4365 21484 22932 Debtors Total Funds 2689 Y117 88742 28346 436S Restrirted funds Restricted funds are donations which have been glven to the charity for the express purpose of the maintenance of the bulldings. Other assets {Unrestrlrted) £2689 of tax recoverable ¢)n unrestricted Glft-alded donations in 2018 and eadler years has been recelved sinte the year end. On Behalf of thè TrLtstee5 Trustee I 25/.111 Trusree 2 ¥sl.Ii? PARISH OF TEMPLECORRAN Notesto the financial statements for the year •nded 31 December 2018 l. Ac¢ountlng pollcies Set out below are the princlpal ac¢ountlng policies which have been adopted In the ¢ompllation of the Re¢eipts and Payments Account and the Statement of Assèts and Liabllltles lal Recelpts and Payments A¢count All Items of Income and expendlture included within the Receipts and Payment5 Account have been accounted for on a cash recelpts basls. (bl St•tÈment of Assets and UabSlltles {11 Assets retalnedfvr t1￿ Parlsh's own use The assets of the Parlsh, retalned for it5 own use comprise:. Church Bulldlng and Graveyard The Church Buildln8 and Graveyard are deemed to be Heritage assets as defEned by the Charlties SORP IFR51021 These Heritage assets are not Included in the statement of assets and liabillties as information on the cost or valuation is not available and 5Uth information cannot be obtalned at a cost commensurate wSth the benefit to the user5 of the accounts and to the parlsh. 11) Investments Fixed asset Investments comprising investment In RCBICIT Unlt Trusts are initlally recorded at cost and are then subsequently stated at fair valve at each year end date. I In￿Stments l Jan 2018 Valuatlon adjustment 31 Dec 2018 In￿stment A55Èts CIT Unit Tr¥sts- General RCB Unit TfUSt5- Endowment Total Investment Assets 18296 4636 22932 -1177 .271 17119 436S 21484 3. Transactlon5 wllh the Trustees The Parish of Templecorran Is grouped wlth the Parish ol Kilroot and one rector is ￿SPOnsIble for both parishes. For the perlod l January 2018 up to the date of his resignatlon, 6 October 2018, the rertor was paid a stipend of £25294. locomotory expenses of £5217, offlce expenses of £633, and the employers. contribution to the Church of Ireland's centrally adminlstefed Pension fund amounted to £6041. In meeting these costs the parish of Templecorran made a contribution of £9297. The Parish of Templecorran paid expenses of £227 relating to the njnning costs of the glebe house which Is occupied by the rector and owned by the Parish of Kilroot. Other than thi5 no trustee received any remuneratlon or reimbursement of expenses during the year. No trustee or a person related to a trnstee had any personal Interest In any contract or transartlon entered into by the charity durin8 the year.