**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: - Examine the accounts under section 65 of the Charities Act. - Follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act. - State whether particular matters have come to my attention. ## **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