Charlty Reglstratlon No. 102g02 PARISH OF COLERAINE CHURCH OF ST PATRICK & CHURCH OF ST ANDREW ANNUAL REPORT AhlD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 PARISH OF COLERAINE CHURCH OF ST PATRICK & CHURCH OF ST ANDREW CONTENTS Pago Charlly Informallon Tfusl888' fBpDrt Slalernenl of TrusloeB' responslbllitl88 Indepondonl ex8mlnet$ roport sl8le)monl of flnanclal acllvltles Balance sh861 10 Noles ID Ihe financlal slalements 11-22 PARISH OF COLERAINE CHURCH OF ST PATRICK & CHURCH OF ST ANDREW LEGAL AND ADMINISTRATIVE INFORMATION Charity Informallon Sl. Palrlck's Is sllts8led in Church Slreol in tho cenlra of Coleraine whllo St Andrew'k Is localed In HazBldeno Drlvè clo8e lo Iho heart of Ihe B8llysally EBlato. The corrospondence address for both thurches Is Ihe Parisl) oifjce, Sl Androw's. Hazeldene Drlve, Coloralng, Co. Londonderry, BT52 2HJ. T81: 028 7034 4213. Emall: admln@sipats.co.uk. The P8rish1s roglslorod wllh the Ch8rlty Commlsslon for Northern Ifeland as COLERAINEIColeralnelSI.P8lrlcklConnorlChuich of Ireland - NIC102902. Furlherliiformallon aboui si Palrlck's & St Andrew's IB avallable on the PariBh V4*obsllo lillp;Ilwww.slPet8.co.uk. Indap8ndont oxamlnor Dr R I Palers Gallagher. OBE, FCA Moore INI} LLP 32 Lodge Road Colernlno Co Londonderry BT52 1NB Bankfjrs Danske Bank 22 Thè Dlamond Colofolno BT52 1DE Sollcltors Martln Klng French & Ingram LLP 52 LolhDrino Slrvel LlmBv8dy BT49 9DB PARISH OF COLERAINE CHURCH OF ST PATRICK & CHURCH OF ST ANDREW LEGAL AND ADMINISTRATIVE INFORMATION (CONTINUED> Mftmbar8hlp The 2021-2022 memb8rship of Select Vestry wa5 as lollows: Ex-olllclo The Rev Rog8r Cooke Reclor Elected Glllian Anderson Alan Bann811 SGOII Brown Helen Cushlo Clalrv Holme John Wisener Allce McAI8ry Jacquie Todd Jenny McGeehan Barry Mllchell Alaii Robinson PAlricla Taylor John WAsener Hon. Secrel8ry Alan Roblnson Treasurer Nomlnatod James McDowell Allslalr Taylor Recl(M'8 Church Warden People's Church Warden Hei)ry Swllzer Billy Waddell Globo WBrden Glebe Warden Co.optod Brldle Lee88 Lèxlo Hynds Chapel Warden Chapol Wardon In attendance TIIB Rev Malcolm Ferry Chalrperson PARISH OF COLERAINE CHURCH OF ST PATRICK & CHURCH OF ST ANDREW TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Introductlon The Select Vestry pr8sBnls Ihelr Annual Reporl and FlnFJndHI Slplemenls lor Ihe Parish of Coloialno lor IhR yoar f>ndèd 31 D&cembar 2022. The accounts have been Prepared In 8ccordancB wllh tho accounllng policles 8el oul In note 1 lo Iho nrKounl$ All(l ¢oinply with Ihg Parlsh's conslllullon, lh8 ChartlleB Acl (Norlhern Iruland) 2008 and 'AGcounllng 8nd Reportlng by Charllle.*: Sl8lemenl ol Recommended Practice appllcablo lo cliurlllos proparlng Ilialr accoun18 In accordance wilh Ihts Fingnclal Reporknng SLindard Fippllcable In the UK and RopublSc of Iroliind IFRS 1021 (elfeclivè 1 Janu8ry 201a)" Oblecllves and actSvltlos The ch8rllable purposè of the Church ol Ir81and16 Ihe advancemenl of rellglon. Tlie prlnclpal luncuon of Ihe Parlsl) ol Loloralne Is lo support 11)ts adv8ne&ment of thè Chr1811an rolloiun by promtsllng, Ihrough Ihg work Df Sl P81rick's and Sl Androw's. Ihv wliule Inls8lon of the Church, pa81ural, ovungollslic. 8Dclo1 and acvmenical. Bolng open to. and engaging wllh, 60cioly ia$ 8 whole and olfarlng support lor Ihose needlnll liolp af8 lundamenlal to tho prHcllcal dèllvery ol Ihe b8ngfil6 of Chrlsllanlly. As n r?sull of acllvlty In Iho pursull of Ihe 8dv8ncam8nl of Ihv Chrf8llan rellglon, Ihg Par18h ol Coloi8lntJ lias custody of propgrly of record8. maloilals ¥nd 8rlelacls of slgnillcanco lo Ilie ¢ullur81 and rellglous herllapv of Loleraine. MJinlenance ol Ihese Is undgrtakon by Ilie Select V881ry of Sl Palrlck'5 and Sl Aiidrew's. Aclilovomonts and porform8nce As 8 parish, St Palrick'B and Sl Andr8vls, seeks lo bo 'al Ilie heart ￿ the communily wllh I1￿ Gommunily oil our hojil.. In order lo fullll Ihis ￿810n Ihts Parlsh & Comnwnlly Aijdll carrled oul in 2014 Idenllfied o n14mber of koy alm8 8nd purpD$es. These form Iho fram0V￿rk lol Ihe parlsh'8 vIBlon. alm pnd puipts8&S: A, To work for th& 8dvanc8m8nl of the Klngdom Df God. B. To 1>0 A cliurch Ih8l pray8. C. Tu be 8vanggllsllG and 'groW dlsclpl8s. D. T() dovolop both Ihe chuich aB a Ihmlly and Ils links wlth Iho commiJnily11 soN8s. E. To fullll Ils clvic role. n uulline Slr8leglc Plan 2016 - 2018 vrds produced. Tl)e chBllenge farjng Ilio Seleol Veslry Is lo br8alh9 Ilfe inln Iliè objectives 6et oul in Ihls Plan. Some sub-comrnllle8s 8nd worklno groups alrèady oxlsl bul 0111818 Hrft noedod lo Inv0811gale and pro6enl for Implemenlallon Iho pracllcal challenges the parlsh facob In bEioklng lo re8liso not only Iho sliorl-lerm objecllves bul Ilie broader aspirallons of the p8rl81) vlslon. PARISH OF COLERAINE CHURCH OF ST PATRICK & CHURCH OF ST ANDREW TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Publlc benellt TIIL Paflsh has glven Gafeful consldgr81ion lo lh8 Charily CornmSs%i(Jn for Northorn Ireland's gulilence on publlc benofit lo ensiire Ihal Ihe acllvlllos enltsred Into during tha yoar have heli)ed lo achlevè the Parlsh's ublvi:IIv&F3 and aclivllies, as WBII as pruviding publlc bonofll. FlnanclHI revlew Stratogy 'riie Truslee5' Ilnanclal slfalègy15 basad on achleving a suslalnabl8 Ilnanclal PDslllon wh8r8by gxpendlluro And income are broadly In balgnce and on enBurlng Ihhl finfincMI plannlng 16 basod on Ih8 core prlnclplog of Iran8par8ncy and accounl8billly. OveNlew In 2021, Ih8r& was net income 01 £286,030, whlch includod galns on lnve61mgnls 01 £199.907. Tl)e flgure lor ?.022 was1£58.81ni. including IOGSQS on iiivastmenls ol £82,143. The decr88se In nel Incomo frDrn 2021 10 2022 Is due lo a foll In Inveslmenl iiicome and an incre8se in expendllure por Nole 5. Invostmonts The Paflsh has Inveslinenls wllh the Represenlallve Churcli Body (RC8) al￿ th8 Church ol IrolEJnd Truslepj ¢CIT>. £300,OOD Irom Ilie Upflchard bequosl lias been Inveslod In a porll()Ilo manag&d by True Polvnilal Inveslmenls LLP. The Paflsh also has three hou585 whlch 8rft held as long-lorm Invoslmenls. Th0 8alo of Ihe Parlsl) HAlls was completed in March 2017. The s8le pToGoeds aro held loinlly by Iho RCB & Dloceia(Jn B08rd ol Educallon. ReBerve8 Pollcy Tlie Tru8lees bolleve Ih81 ￿n(eStrIC1ed lunds Ihal have not beon deslgnaled lor a speclllc u80 should bo Inoliilalned al 8 levol al loosl equwalenl lo belwoon Ihree 8Dd slx months oxpondllufo. Mginlainlng Reservo8 nl IhlB levol wlll ensurè Ihal, In tho ovent of B signlllc8nl drop In Incoime, they wlll bo able lo conlinue tho p8rish's current aclivlllos whlle conslderallon Is glvun Io w8ys In vth5Gh oddlllonal IuDds may be ralsod, Thlq level of Reserves has boon malnlalned Ihrou9hout Iho yeaf. Going Goncorn Tl)14 Trusleo8 rocelvo monllily Iln9nclal brlollng8 on lTrcome and oxpondlluro plus qUBrterly ropor18 on Iho porl811 invo31inent8. They are spllsflcd Ihat Ihere aro adoquale funds in placo to orisuTO Ihal Ilie Parlsli c9n conllnue118 acllvlllEJS and Ihal the ftnanclal Btal¢menls lor Iho yoar ended 31 December 2022 con be slgiied ofl 86 8 'golno concorn,. PARISH OF COLERAINE CHURCH OF ST PATRICK & CHURCH OF ST ANDREW TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Oovgmaneo, manaym•Tht and •lruGlur• (lovornanoo The princlpal d￿Ument for the governonc4 of the Parfgh ￿ Ch•pter111 of Iho Con8tllullon af the Church of Irdènd. whl¢h uovem$ Part¥he8 8nd Parcchlal Or9anl8allonB, Tha Salacl Vo8try m&mbern afe tho Chdrfty TnJBleaB. DloceB8n Regulatlon8 ore also lyuad PBrladlcally. Ihelle Inte￿￿t aorne gBPllCt8 Qt lh8 Conllliullon where that rnpongthmliy hBJ been del8galod by Ihg Gonorn16ynod to doc6¥8n coundl• and •ynodJ, The olher major foctor In parfsh govemBnce18 clvll law- p8rtkul8rfy heatth & •afety, ¢hlld proiedlon l•g18lallon and employmanl and m•nagem8nt woceth1rn8 forlay 6taff. 8tNotuM AJI mornbern ol th& Church of Irelgnd who are ovar Iha age of 10, ara •lth8r f8Bldent vlthln Ihe Parl•h or Ilv elBewhgie bLrt hgvo been acouBlomed memborB of congregallon lor 81 leasl Ihreg fflonlhl and lubl￿bI lo Ihe fundo of Iho pgrfsh may rag1818r as moff&)er4 olthe General Vosty ol Ihe P4rl8h, allowlng them lo Attend and vote at me8llfig8 ol the General Ve8ty and to 8tsnd for etecllon to Iha S•1•ct Veltry. MaaUng8 of lh8 Qen•rnl VoBlry or• hold at laa6t oncg a yaar. T￿ Select Ve81ry l& el8cied aB Part ol Ihl8 Genoral Ve8try rnodFng. T Select Ve8try wlll hold Ihelr S￿mIll0n6 for o peflad ofone yoaw. Sel•cl Vo8ty membwfj MAY bo r•aelagted pJnuo#y and thoro i& no Ilmit Dn the numbDr oflomi• whSoh may bo •epAd, M•nagoment Thè Select Ve￿ry nomialty meet8 monlhly wllh tho Rt. Rov. George Davl8on, Bl8hop ol Connor, In the Chalr, ln Ihe gbsence of Ihe Rector. special rn88liThJi m•y b• rA>nven8d at any Ilm2 by Iho Ch￿￿0100n or th• thurohwardDn8. In 2022 the Sde¢l Veslry mel ton tlmoj And Iho •v•rngo *ttond•nM w•• •lKloon. Tho prlmory r•¥pon•Sblllty ¢1 the Selecl Vè81ry 51 lo I1￿1 lh• mknl•ty Ind wllnoJ• ol lh• Parf•h 51 malnialned, d￿eloped And safeguarded bolh legawy and Inanclally. It haj ipe(*nc rew>on8lblllty for lh8 dmlnlelratlon ol the Parf8h Ilnance• and tho care ol the Ix4ldlng8 bolh InteTnally and exlemAlly (the 'lhr¢e FA'_ Flnance, Fabrfc & Fum18hlng$). 1118 8180 thé18gBI omployer for aH lay Staff And hA8 reJponBlbllliy for hollllh Safety, Insuranc• Bnd IhB care of •ll P8rf•h'8 8888ts. Tho Selad ￿BIry dol•p8la8 ro•pondbllbty foi vBrfoug 3•pg018 ol h• wort tg *tsoJmmHtao8, whloh r•port b•L* I(• Ihe Vg51ry vllh thelr Tgconwn8ndatlonB. Tho TruJlao8' roport wai apprnved by Iha Solecl VéAIry. John WIBen•r A Robln8on OAted: 28 MaKh 2023 Dalad: 28 MoTch 2023 PARISH OF COLERAINE CHURCH OF ST PATRICK & CHURCH OF ST ANDREW STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2022 The Select Vestry Is responslbla for preparlng the se1￿1 V88ty8 Report and Ihe Fln8nclal StalemonlB In accordancfi wllli appllcable law and rogulallons. The law appllcablo lo ch?1 rllles In the Norlhern Ire18nd requlres Iho S8leGI Veslry lo prepare flnancSal lilulameiils lor Gh IinHrbL'lal year. Under Ihal low the Seler.I Vfisliy hEive prepared tho finanrlal Nlaleiiienls In accordnnco willi Gonerally ALLepled AcGounlin9 PraL4lce In the Unllod Klngdoin (accountlng standards l%sued by Iho FlnJnuli)I RepDTling Councll In Ihe UK, includSng Chariknes SORP IFRS 102) "Accounling and Repoillnu by Cl)grillefi: Slalvineiit ol Recommondvd Practic8 appllc Ilmlng ol approvlno Ihplr annual report- Ihero is no rt)lovanl Iiiformallon of wl)Icl) lh8 charllablo compilny's Audilor IB un8war8,' ond Ilit> Sèlect V8slry h&ve laken 811 steps th81 Ihey oughl lo have taken lo make IhomBelveu nwafL' (Jf any relevai)l infoimallon and lo eslabllBh Ihol Iho Parish's Independent Eiamlnei Is 8w&ra of Ihal Inforinallon. Indopendenl Exli mlnorB Dr R I Pelers Gallagher OBE, of Moore (NII LLP. haB Indlc8led her wllllngnoss lo Conlinue In olflce and a resolullon Loncemlng Ihelr re8ppolnlment wlll bo proposed al Ihe Annual Easler Vestry Meellng.