ST. PAUL'S PARISH CHURCH DIAMOND GRANGE Trustees. Annual Report and Statement of Receipts and Payments and Assets and Liabilities for the year ended 31 December 2023 Charities Number: NIC 104039
ST. PAUL'S PARISH CHURCH DIAMOND GRANGE Annual report and financial statements for the yeAr ended 31 December 2023 Contents Pages References and administrative details of the Charity Trustees, Report 24 Independent Examiners Report to the Trustees Receipts and Payments Account Statement of Assets and Liabilities Notes to the Financial Statements 8-10
Reference and Administrative details Charity Name: St. Paul's Parish Church Diamond Grange Charity Registration Number: NIC 104039 Contact Address: 27 Annagora Road Portadown BT62 4JE Trustees Canon David Hilliard Gayy Adams Helen Cassells Geofftey Frizzell Connie Murdock Cindy Murdock Thomas Robinson Heather Robinson Richard Robinson Lynne Trouton Geoffrey Winter Richard Hammond James White Principal Office-bearers Clergy: Church Secretary Church Treasurer: Church Warden- Clergy: Church Warden- People: Canon David Hilliard B.TH Cindy Murdock Helen Cassells Geofftey Frizzell Heather RobinsonlGeofftey Winter Independent Exaniiner David Brown S.D. Brown & Co. 25-27 Edward Street Portadown BT62 3NE Bankers Ulster Bank 20 High Street Portadown BT62 3JY Progressive Building Society Market Street Portadown BT62 3JY
Trustees? 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 St. Paul's Parish Church for the year ended 31 December 2023. Objectives and Activities The charitable purpose of the Church of Ireland is the advancement of religion. The Principal fvnction of St. Paul's Parish Church is to support the advancement of the Christian religion by promoting, through the work of St. Paul's Parish Church the whole mission of the Church, pastoral evangelisÈic, social and ecumenicak. Being open to and engaging with socicty as a whole and offering support for those needing 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 religion St. Paul's Parish Church has custody of property and records, materials and artefacts of significance to the cultural and religious heritage and maintenance of which is undertaken by the select vesty of St. Paul's Parish Church. Achievements, Performances & Public Benefit The Parish continued to have regular Services of Worship throughout the year 2023 until restrictions. Sunday School Classes and a Holiday Bible Club week were also held during the year. The Church have officers in place in accordance with the Church of Ireland policy on Safeguarding trust. Financial Review The Income into the Parish frorn various sources was £34,103 (2022 £29,696) with outgoings of £28,378 (2022 £29,139) giving a surplus of £5,725 (2022 surplus £557). The Bank and Cash in Hand Balance at 3 1 December 2023 was £45.842 (2022 £40,117). It is the Trustee's Policy to hold sufficient reserves to cover unexpected emergencies. to enhance funds to pay for future maintenance to the Church and grounds and to further the Objectives and Activities of the Church of Ireland. Goillg Concern The Trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate fimds in place to ensure that the Parish can continue its activities and the financial statements for the year ended 31 December 2023 can be signed off as a going concern.
Trustee5? Annual Report for the year ended 31 December 2023 (continued) Structur& Governance alld Management Governing Document and Conslitiilion ofthe Charity Chapter III of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vesty members are the Charity Tntees. Recruitment andAppointmeAI ofselecl V£wlry (Trustees) All members of the Church of Ireland who are over the age of 18 and are either resident within the parish or live els¢wh¢re but have been accustomed members of the congregation for at least three months, may register as members of the general vesty of the parish. allowing them to attend and vote at meetÉngs of the general vestry and to stand for election to the select vestry. Meetings of the general vestry are held at least once a year. The Select Vestry is elected as part of this General Vestry meeting. The Select Vestry will hold their positions for a period of one year. Select Vesty members may be re-eleGted annually and there is no limit on the number of terms which may be served. Pay and Remuneration Canon Hilliard serves the Tartaraghan and Diamond Grange Group of Parishes where he receives a stipend, office and locomotory allowances in accordance with figures approved by the General Synod of the Church of Ireland. The proportion paid by Diamond Grange Parish is by way of Assessment through the Diocese of Arniagh. Organisalional Struclure The select vesty is responsible for the day to day management of the parish. The select vesty consists of the member of the clergy serving in the parish. any curate assistant ('the eurate"), the churchwardens, the glebe wardens and generally not more than twelve other members of the general vestry elected at the General Vestry. The select vestry is chaired by the incumbent or other member of the clergy officiating in the parish. Select vesty members are responsible for making decisions on matters of general concern and importance to the parish including deciding how parish funds are to be applied. The select vesty meets at times fixed by the members or by the diocesan synod. Special meetÉngs may be convened at any time by the chairperson or the churchwardens.
Trustees, Annual Report for the year ended 31 December 2023 (eontinued) Compliance wilh Public Benefil The Parish has given carefjjl considerdtion to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities entered into during the year have helped to achieve the Parish's objectives and activities. as well as providing public benefit. Statement of Trustees, Responsibilities The trnstees are responsible for preparing the Trustees's 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 £250,000 requires the trustees to prepare a statement of receipts and payments and 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 liabilities 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 Behalf of the Trustees Trnstee I Trustee 2 Date: I IIL IT Tr"LL 2y)i(k
Independent Examiners Report to the Trllstees of Diamond Grange Parish Church I report on the accounts of the Trust for the year ended 31" December 2023, which are set out on pages 2 to 10. Respective responsibilities of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance witb the Charities AGt (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 CommÉssion 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 North¢rn 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: l. 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. That there is fvrther inforniation 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 (l) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. S.D. BROWN F.C.C.A CHARTERED CERTIFIED AccouNfilNT 25-27 EDWARD STREET PORTADOWN CO. ARMAGH BT62 3NE DATE: 11 MARCH 2024
St. Paul's Parish Church Diamond Grange Receipts and Payments Account for the year ended 31 Deeember 2023 Unrestrieted Funds 2023 Restricted Endowment Funds 2023 Funds 2023 Total 2023 Totsl 2022 Donations & pl* collection Bgnk & Deposit Interest Investment Income Rental of premises Other Receipts CTrtote 5) Use of Premise5 Magazine Account Government Ele¢tric Grant Totsl Recei ts 23,898 123 399 3,640 1.734 440 56 23,898 356 399 3.640 4.114 440 56 22,266 67 340 3,640 3,270 233 1380 113 31.490 ments Wages & Salaries Dicoesan CostlAss¢ssment Church Running Costs Administration Costs Charitable Donations Total PA ments 1,51)0 17,779 7,182 512 1.405 1.500 17,779 7,182 512 1,435 16,001 10,118 565 Excess of Receipt$ over PaYents for the year before transfers TrAnsftrs Exeess of Recelpts over Payments for th¢ year 3.112 1613 5.725 557 61 5)7 On Behalf of the Trustees Trustee I Trustee 2 Dated: IIL.Ji flrL
St. Palll's Parish Church Diamond Grange Statement of Assets and Liabilities as at 31 December 2023 Unrestricted Funds 2023 Rutricted Endowment Funds 2023 Funds 2023 Totsl 2023 Total 2022 Cash Funds Current.Accounts Deposit Accounts Total Cash Funds 24,377 24,377 21,265 21465 18 852 84 £24 Investment Assets Equity Investments Other Listed Investments Investments in RCBICIT Unit Trusts Other unlisted Investments Investment Properties Total Investment Assets 16,020 16,020 15,553 Total Assets £ £La£ On Behalf of the Trustees Trustee I Trustee 2 OLI Date:
Not to the financial statements for the year ended 31 December 2023 l. Accounting Policies Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payments Account and the Staternent of Assets and Liabilities. (a) Receipts and Payments AccouDt All items of income and expenditure included within the Receipts and Payments Account have been a¢count¢d for on a cash receipt basis. (b) Statement of IL8sets and Liabilities (i) Assets retained for the Parish's OWD use The Assets of the Parish. retained for its own use comprise:_ Church Building School House Fixtures and Fittings The Church Building. SchcKII House & Fixtures & Fittings are deemed to be Heritage assets as defined by the Charities SORP (FRS102). These Heritage assets are not included in the statement of assets and liabilities as inforniation on the cost or valuation is not available and such inforn]ation cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish. (li) Inv&stments Fixed asset investmcnts comprising investment properties, investments in equities (ordinary shares) and investment in RCB/CIT Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each year and date. Investments in unquoted investments are recorded at cost and are assessed annually for impainnent.
Notes to the financial statements for the year ended 31 December 2023 2. Reconciliation of Bank & Cash Funds 31.12.23 31.12.22 Total Bank & Cash Funds at Beginning of the Year Receipts for the Year Payments for the Year Total Bank & Cash Funds at end of the Year £45 40,117 34,103 39,560 29,696 £4 117 3. Movement in Funds Atljan 2023 Incoming Resources Outgoing Resources tnvestmellt At 31 Dec Transfer Gainl(Loss) 2023 Endowment Funds RCB Investments 467 Restricted Funds Building Fund Progressive B/Society 16243 2.598 15 18,841 Unrestricted Fund$ General Account School House Account Sunday School Account 13.388 7,605 272 27,592 3,640 258 (25,444) (2,303) 631 (200) 15,336 8,942 99 200 Total Funds Pu ses of Endowment Funds RCB Investments- These relate to various permanent endowments that the Church has received that are invested with the Representative Church Body with the income each year from such investments being paid to the Church for general Church purposes. ose of Restricted Funds Building Fund - This is a nd held at Ulster Bank tbat is used to assist with the upkeep of the Church's buildings and for the future cost of building work Sundry Restricted Funds- This is a fund held at Progressive Building Society for use as directed by the Select Vesty.
Notes to the financiaK statements for the year ended 31 December 2023 (continued) 4. Governance Costs Governance costs of £204 were incurred during the year of which £204 relates to fees paid to the independent examiner. Governance costs are included within Administrative costs in the Receipts and Payments Accounts. 5. Other Receipts 2023 2022 Unrestricted Funds Mission Sunday Hospice Appeal Bishops Appeal Uknaine St Marks Rector on Trnctor Holiday Bible Club Sunday School Coffee Morning Spud Bear Breakfast GFS Collection 380 90 20 260 130 15 300 135 188 291 1,951 174 258 600 212 Restricted Funds In lieu of flowers: Coffee Morning Funeral Tea Total Restricted Funds 230 1.950 200 Total Other Recei £4 10