OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-annual-return

Church of Ireland, Parish of Ramoan, Ballycastle

Independent Examiner’s Report to the Trustees of the Church of Ireland, Ramoan Parish

I report on the accounts of the Trust for the year ended 31[st] December 2023, which are set out on pages 8 to 12.

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. 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 the following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

Mark G Ramage

4 Leeke Road Bushmills Co Antrim BT57 8UN

Date:29 04 2024

1

Church of Ireland, Parish of Ramoan, Ballycastle

Re ceipts and Payments Account for the year ended 31[st] December 2023

Receipts
Regular Giving & Collections
Donations & Legacies
Special Collections
Parish Centre
Fundraising
Property Rentals
Investment Income
Culfeightrin Parish
Other Income
Parish Organisations
Grant Income
Sale of investment
Total Receipts
Payments
Stipend & Staff
Diocesan assessments
Repair & Upkeep
Heat, Light & Power
Administration
Sunday School
Charitable Donations
Rental Property upkeep
Parish Organisations
Refurbishment Costs
Purchase of Investments
Property Sale Costs
Total Payments
Excess/ (Deficit) of Receipts over
Payments before transfers
Transfers between funds
Excess/ (Deficit) of Receipts over
Payments for the Year
Cash funds brought forward
Cash funds carried forward		 Unrestricted
Funds
2023
£
55,729
4,483
2,081
14,183
11,536
6,419
64,081
6,083
2,380
166,975
92,116
11,888
38,510
13,806
22,565
4,298
3,100
2,205
188,488
(21,513)
58,478
36,965
168,543
205,508		 Restricted
Funds
2023
£
18,183
2,429
20,612
1,678
87,752
89,430
(68,818)
(58,478)
(127,296)
665,197
537,901		 Endowment
Funds
2023
£		 Total
2023
£
55,729
4,483
2,081
14,183
11,536
6,419
82,264
6,063
2,380
2,429
187,587
92,116
11,888
38,510
13,806
22,565
4,298
3,100
2,205
1,678
87,752
277,918
(90,331)
(90,331)
833,740
743,409		 Total
2022
£
54,741
5,154
1,989
10,360
9,775
6,389
63,852
12,332
3,731
2,429
12,669
7,600
660,000
851,085
80,356
14,077
61,465
15,947
17,073
3,671
4,637
1,658
4,024
70,768
10,000
7.920
291,596
559,489
559,489
274,251
833,740

2

Church of Ireland, Parish of Ramoan, Ballycastle

Statement of Financial Position as at 31[st] December 2023

Note
Cash Funds
Current Accounts
Deposit Accounts
Total Cash Funds
2
Investment Assets
Investment Property
RCB Unit Trusts
CIT Unit Trusts
NI Central Invest. Fund
Total Investment Assets
3
Assets retained for the
Parish’s own use
Holy Trinity Refurbishment
St James Refurbishment
Parish Centre
Rectory
Total Assets retained for
the Parish’s own use
4		 Unrestricted
Funds
2023
£
Restricted
Funds
2023
£
Endowment
Funds
2023
£
Total
2023
£
Total
2022
£
103,840
3,802
107,642
95,519
101,668
534,099
635,767
738,221
205,508
537,901
743,409
833,740
275,000
275,000
275,000
9,979
1,767,542
338,241
2,115,762
2,053,851
10,522
10,522
10,056
114,529
114,529
108,252
9,979
2,042,542
463,292
2,515,813
2,447,159
653,052
653,052
668,399
755,711
755,711
773,300
1,035,619
1,035,619
1,060,219
250,000
250,000
250,000
2,694,382
2,694,382
2,751,918

The notes on pages 10 to 12 are an integral part of these financial statements.

The financial statements on pages 8 to 12 were approved by the Board of Trustees on 18 /03 /2024 and signed on its behalf by:

D Ferguson

Rev David Ferguson Rector

J McBride

Mrs J McBride Honorary Treasurer

Date:18 03 2024

3

Church of Ireland, Parish of Ramoan, Ballycastle

Notes to the financial statements for the year ended 31[st] December 2023

1. Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

(a) Receipts and Payments Account

All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis.

(b) Statement of Assets and Liabilities

(i) Assets retained for the Parish’s own use

The assets of the Parish, retained for its own use comprise:

Church Building and Graveyard

The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS102). The original costs of these Heritage assets are unknown. The churches have been recently restored and are recognised at the cost of restoration.

Parish Centre

Ramoan Parish Centre is recognised on the balance sheet at cost of construction.

Rectory

The original cost of the Rectory is unknown. It is recognised on the balance sheet at fair value based on independent professional advice.

All property is vested in trust with the Representative Church Body.

Depreciation has been provided on a straight-line basis to write off the cost or valuation, less residual value of tangible assets over their estimated useful lives as follows:

Heritage Asset restoration 50 Years Parish Centre 50 Years

(ii) Investments

Fixed asset investments comprising investment properties & lands, equities and 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.

4

Church of Ireland, Parish of Ramoan, Ballycastle

Notes to the financial statements for the year ended 31[st] December 2023

(continued)

2. Movement in Cash Funds

Unrestricted Funds
General Fund
Building Fund
Sunday School
Restricted Funds
Capital Fund
Bowling Club
Women's Fellowship
Endowment Funds
Bequests
Total Cash Funds		 At 1 Jan2023
£
Income
£
Expenditure
£
Transfers
£
At 31 Dec2023
£
159,093
139,155
(130,321
24,478
192,405
6,327
21,325
(53,849)
34,000
7,803
3,123
6,495
(4,318)
5,300
168,543
166,975
(188,488)
58,478
205,508
662,146
18,183
(87,752)
(58,478)
534,099
2,591
1,343
(1,506)
2,428
460
1,086
(172)
1,374
665,197
20,612
(89,430)
(58,478)
537,901
833,740
187,587
(277,918)
743.409

3. Movement on Investment Funds

Unrestricted Funds
General
Restricted Funds
Capital Fund
Endowment Funds
Bequests
Total Investment Funds		 Valuation
1 Jan 2023
£
9,436
1,991,032
446,691
2,447,159		 Transfers In
£		 Transfers Out
£		 Valuation
Adjustment
£
543
51,510
16,001
68,054		 Valuation
31 Dec 2023
£
9,979
2,042,542
462,692
2,515,213

Purposes of Designated Funds

Building Fund: The Trustees have set aside funds for the repair and maintenance of Church buildings and Parish Centre. Sunday School Fund: The Trustees have set aside funds for use by the Sunday School.

Capital: The capital fund comprises property owned by the Parish, and investments funded by previous property and glebe land sales. These assets are held in trust by either the Representative Church Body or Church of Ireland Trustees. The Parish has restricted access to these funds for approved property capital expenditure only. Investment income is paid to the Parish to defray general operating costs.

Parish Organisations: Funds raised by Parish organisations through membership fees and fundraisers etc. are set aside to cover the organisation’s running costs. The Parish has no access to these funds for general use.

Purposes of Endowment Funds

Bequests: Legacies and bequests are invested and held in trust by RCB or Church of Ireland Trustees. The Parish has no access to the capital value. Annual investment income is paid to the Parish under the terms of the endowment to defray general Parish costs, e.g. stipend, grave upkeep, etc. Ramoan School Teachers Residence. The proceeds of the sale of the former residence are invested and held in trust. The terms of the trust stipulate that 75% of the investment income be paid to the Parish for Sunday School purposes. The Parish has no rights to the capital.

5

Church of Ireland, Parish of Ramoan, Ballycastle

Notes to the financial statements for the year ended 31[st] December 2023 (continued)

4. Tangible Fixed Assets

Cost
At beginning of the year
Additions
Disposals
At end of the year
Depreciation
At beginning of the year
Depreciation
Disposals
At end of the year
Net book value at
beginning of the year
Net book value at end of
the year		 Holy Trinity
Restoration
£
767,333
767,333
98,934
15,347
114,281
668,399

653,052		 St.James’
Restoration
£
879,462
879,462
106,162
17,589
123,751
773,300
755,711		 Parish
Centre
£
1,229,987
1,229,987
169,768
24,600
194,368
1,060,219
1,035,619		 Rectory
£
250,000
250,000
250,000
250,000		 Total
£
3,126,782
3,126,782
374,864
57,536
432,400
2,751,918
2,694,382

5. Collections for Third parties

Bishops’ Appeal
Christian Aid
Royal British Legion
Mothers Union		 2023
£
1,806
119
156
2,081		 2022
£
1,838
151
1,989

The amounts above have been included in receipts for the year under ‘Special Collections’ and in total payments for the year under ‘Charitable Donations’

6. Trustee Remuneration and Expenses

Key management are deemed to comprise the Trustees. One trustee was paid a total of £44,256 for salary & expenses during the year.

6