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 2024 Charities Number: NIC 104039
ST. PAUL'S PARISH CHURCH DIAMOND GRANGE Annual report and financial statements for the year ended 31 December 2024 Contents Pages References and administrative details of the Charity Trustees, Report 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 4 Trustees Canon David Hilliard Gary Adams Helen Cassells Geoffrey Frizzell The Late Connie Murdock Cindy Murdock Thoinas Robinson Heather Robinson Richard Robiiison Lynne Trouton Geoffrey Winter Jaines White Philip Farmer SLisan Robinson Principal Office-bearers Clergy: Church Secretary Cliiirch Treasurer: Chui'ch Warden- Clergy: Church Warden - People: Canon David Hilliard B.TH Cindy Murdock Helen Cassells Geofyrey Winter G¢ofTrey Frizzell Independent Examiner 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 2024 The Triistees present the annual report and statements of Receipts and Pa> ments and Assets and Liabilities for St. Paul's Parish Church for the year ended 31 December 2024. Objectives and Activities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of St. Paul's Parish Church is to support the advancement of the Christian religion by promotin(F through the ivork of St. Paul's Parish Church the whole mission of the Church, pastoral evangelistic, social and ecumenical. Being open to and engaging witli society as a whole and offering support for those needing help are ftindamental 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 custod), of property and records, materials and artefacts of significance to the cultural and religious heritage and maintenance of which is undertaken by the select vestry of St. Paul". s Parish Church. Achievements, Performances & Public Benefit The Parish continued to have regular Services of Worship throughout the year 2024. Sunday School Classes and a Holiday Bible Club iveek were also held during the year. The Church have officers in place in accordance with the Church of Ireland policy on Safeguarding trust. Financial Revieiv The Income into the Parish from various sources ivas £34,394 (2023 £34,103) with outgoings of £34,753 (2023 £28,378) giving a deficit of £359 (2023 surplus £5,725). The Bank and Cash in Hand Balance at 31 December 2024 ivas £45,483 (2023 £45,842). It is the Trustee's Policy to hold suificient reserves to cover unexpected emeroencies, to enhance funds to pay for futtire maintenance to the Church and grounds and to further the Objectives and Activities of the Church of Ireland. Going concer.n The Trustees have reviewed the budgets for the vear ahead and are satisfied that there are adequate funds in place to ensure that the Parish can continue its activities and the financial statements for the year ended 31 December 2024 can be signed off as a going concern.
Trustees, Annual Report for the year ended 31 December 2024 (eontinued) Structure, Governance and Management Governing Documenl and Consiilulion of Ilie Cliarity Chapter IIJ of the Constitution of the Church of Ireland governs Parishes and Parochial Organ isation. The Select Vestry members are the Charity Trustees. Recruitmenl fin(1 Appoiiilment of Selecf vlry (Truslees) All members of the Church of Ireland who are over the age of18 and are either resident within the parish or live elsewhere but have been accustomed members of the congregation for at least three months. may register as members of the general vestry of the parish, allowing them to attend and vote at meetings 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 Vestry meinbers may be re-elected 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 Armagh. Orgaiiisalional Struclure The select vestry 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 curate"), the churchwardens, the glebe wardens and generdlly 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 vestry 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 vestry meets at times fixed by the members or by the diocesan synod. Special meetings may be convened at any time by ihe chairperson or the churchwardens.
Trustees, Annual Report for the year ended 31 December 2024 (continued) Compliance wilh Public Benefil The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activilies 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 trustees are responsible for preparing the Trustees. s Report and the 5talemcnt of receipts and payments and statement of assets and liabilities in accordance wilh applicable law and regulations. The law applicable to charities in Northern Ireland with income of less than £250:000 requires the trustees to prepare a statement of receipts and payments and stateinent 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 ivith reasonable accuracy at any time the assets and liabilities of the Parish. They are also responsible for safeguarding the assels 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 Trustee I Trustee 2 Date: .
Independent Examiners Report to tbe Trustees of Diamond Grange Parish Church sl I report on the accounts of the Trust for the year ended 31 December 2024, which are set out on pages 2 to 10. Respective responsibilities of charity trustees and examiner As thc 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: exainine the accounts under section 65 of the Charities Act follow the procedures laid dowii in the general Directions given by the Commission under section 65(9){b) of the Charities Act state whether particiilar tnatters 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 Direclions 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 coinparison of the accounts presented with thos¢ records. It also included consideration of any unusual iteins or disclosures in the accoiints, 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 further infomation 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 hav ound no matters that require drawing to your attention. S.D. BROWN F.C.C.A CHARTERED CERTIFIED ACCOUNTANT 25-27 EDWARD STREET PORTADOWN CO. ARMAGH BT62 3NE th DATE: 10 March 2025
St. Paul's Parish Church Diamond Grange Receipts and Payments Account for the year ended 31 December 2024 Llnrestricted unds 2024 Restricted Endowtnent Fund$ 21124 Funds 2024 Total 2024 Total 2023 Rec Donations & plaie collcctioD Bank & l)eiy)sit Inlcresi InestMent Income Rental of premises Other RecLipls (N'ote 5) Use of Premise5 Magdzine Account JOI.'emment Fleclric Grant TotAI Recei 26,167 147 385 26,167 23,¥98 356 3()9 3.640 4,114 440 56 1.200 289 385 3.640 3,766 3.766 34.105 289 34.394 ments Tartaraghan New Rec(ory Wages & Salaries Dicoesan CosUAssessment Church Running Costs Administration Costs Charilable Donations Total PA ments 3.0(K> l.i60 18.489 9.644 493 1.567 3.0(K) 1,560 18,489 9.644 493 1.567 1.500 17,779 7,182 512 1.405 Excess of Receipts over Payments for the year before transfers Transfers Excess of Receipts over Payments for the year {648) 289 1359) 5.725 fv18 289 3)9 On Behalf of the Trustees Trustee I Trustee 2 Dated:
St. Paul's Parish Church Diamond Grange Statement of Assets and Liabilities as at 31 December 2024 Unrestricted Funds 2024 Restricted Endowmenl Funds 2024 Funds 2024 Total 2024 Total 2023 Cash Funds Current Accounls Deposit Accounts Total Cash Funds 23.729 23,729 24,377 21754 21.465 842 729 £4 Investment Assets EqLlity Investments Other Listed Investments Investments in RCBICIT Unit Trusts Other unlisted Investments Investment Properties Total Investment Assets 16,317 16,317 16,020 Total Assets £21 4 £00 £2 On Behalf of the Trustees Trustee I Trustee 2 ,[ Date:
Notes to the financial statements for the year ended 31 December 2024 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 Statement of Assets and Liabilities. (a) Receipts and Payments Account All items of income and expenditure included within the Receipts and Payments Accouiit have been accounted for on a cash receipt basis. (b) Statement of Assets and Liabilities (i) Assets retained for the Parish's oivll use The Assets of the Parish, retained for its own use comprise:_ Church Building School House Fixtures and Fittings The Church Building, School 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 information on the cost or valuation is not available and such inforniation cannot be obtained at a cost commensurate with the benefit to the users ofthe accounts and to the parish. (li) Investments Fixed asset investments comprising investment properties, Investments in equities (ordiiiary Shares) and investment in RCBICIT Unit Trusts are initially recorded at cost and are then subsequentl), stated at fair value at each vear and date. Investments in unquoted investments are recorded at cost and are assessed annually for impairment.
Notes to the financial statements for tbe year ended 31 Decen)ber 2024 2. Reconciliation of Bank & Cash Funds 31.12.24 31.12.23 Total Bank & Cash Funds at Beginning of the Year 45,842 Receipts for the Year 34,394 Payments for the Year (34 753) Total Bank & Cash Funds at end of the Year £45.483 40,117 34,103 28.)78) £4 3. Movement in Funds AtlJan 2024 Incoming Resources Outgoing Resources Investment At J l Dec Transfer GaiThl(Loss) 2024 Endoivment Funds RCB Investments 297 Restricted Funds Building Fund Progressive Blsociely 18.841 273 16 289 19,114 Unrestricted Funds General Account School House Account Sunday School Account iO,i68 i.640 97 (28,754) (5.632) (400) 16,550 6,950 229 8,942 99 400 Total Funds £6_1862 (i4 75)) Pur oses 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 fund held at Ulster Bank that 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 Vestry.
Notes to the financial statements for the Jear ended 31 December 2024 (continued) 4. Governance Costs Govemance costs of £222 were incurred during the year of which £222 relates to fees paid to the independent examiner. Governance costs are included within Administrative costs in the Receipts and Payments Accounts. 5. Other Receipts 2024 2023 Unrestricted Funds Mission Sunday Hospice Appeal Bishops Appeal Armagh Protestant Orphan Society Mothers Union Service Holiday Bible Club Sunday School Coffee Morning Spud Bear Breakfast GFS Collection 320 145 100 240 380 90 20 282 97 1,790 675 174 258 600 212 1.734 Restricted Funds In lieu of flowers: Coffee Morning Funeral Tea Total Restricted Funds 230 1,950 200 Total Other Recei ts 76 10