St John’s (Madden)
Derrynoose Parish Church
Trustees’ Annual Report and Statement of Receipts & Payments and Assets & Liabilities
For the year ended 31[st] December 2023
Registered Charities Name: Keady/Derrynoose/St John’s/Armagh/Church of Ireland Registered Charities Number: NIC104042
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Derrynoose Parish Church
Annual report and financial statements for the year ended 31/12/23
| Pages | |
|---|---|
| Contents | 2 |
| References & administrative details of the Charity | 3 |
| Trustees’ report | 4 |
| Independent Examiners Report to the Trustees | 7 |
| Receipts & payments account | 8 |
| Statement of assets and liabilities | 9 |
| Notes to the financial statements | 10 |
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Derrynoose Parish Church
References & administrative details
Charity Name:
Keady/Derrynoose/St John’s/Armagh/Church of Ireland
Derrynoose Parish Church (also known as St John’s Madden)
Northern Ireland Charity Number: NIC401042
Contact Address: The Rectory, 31 Crossmore Road, Keady, Armagh, BT60 3RH
Trustees
Carol Straghan Wendy Straghan Pauline Straghan John McAree George Haffey Mervyn Hawthorne Robert Hawthorne Nathan Hawthorne Honor Hawthorne Jim Straghan David Straghan Christopher Hawthorne Pearl Reilly Garry Hughes Stephanie Hughes Colin Hughes
Principal Office Bearers
Clergy: Rev David Moses from September 2021 Church Warden: Carol Straghan Church Warden: Christopher Hawthorne Secretary: Stephanie Hughes Treasurer: Norma Hawthorne Assistant Treasurer Loretta Straghan
Independent Examiner
WHR Accountants, 56 English Street, Armagh, BT61 7LG
Bankers
Ulster Bank, Armagh
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Trustees’ Annual Report for the year ended 31st December 2023
The trustees present the annual report and statements of Receipts & Payments and Assets & Liabilities for Derrynoose 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 function of Derrynoose Parish Church is to support the advancement of the Christian religion by promoting, through the work of Derrynoose Parish Church the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Being open to and engaging with society 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, the Derrynoose Parish Church has custody of property and of records, materials and artefacts of significance to the cultural and religious heritage and maintenance of which is undertaken by the select vestry of the Derrynoose Parish Church.
Achievements, Performance & Public Benefit
Sunday Worship: A service is held each Sunday and at 12.00pm Morning Prayer 1st, 3rd & 5th Sundays of the month. Holy Communion Services are usually 2nd and 4th Sundays in the month. There are usually special services during the year for Harvest Thanksgiving Service, Christmas Carol Service and other services are held during Holy Week and Easter. All of these services are open to the whole community and everyone is welcome. Due to Covid 19 all restrictions and guidance have been followed throughout. Pastoral Care is provided by the Rev David Moses and the Rural Dean.
Statement of Compliance
The Parish has given careful consideration to the Charity Commission for Northern Ireland’s guidance on public benefit to ensure that the actives entered into during the year have helped to achieve the Parish’s objectives and activities, as well as providing public benefit.
Financial Review
Derrynoose Parish Church continues to be in a financially healthy state for a small parish.
Going Concern
The trustees have reviewed the budgets for the year 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 2023 can be signed off as a going concern.
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Structure, Governance and Management
Governing Document and Constitution of the Charity
Chapter III of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees
Recruitment and Appointment of Select Vestry (Trustees)
All members of the Church of Ireland who are over the age of 18 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 members may be re-elected annually and there is no limit on the number of terms which may be served.
Pay and remuneration
The incumbent receives a stipend in accordance with figures approved by the General Synod of the Church of Ireland.
Organisational Structure
The select vestry is responsible for the day to day management of the parish. The select vestry consists of the member of the clergy serving in the parish, any curate assistant (“the curate”), 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 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 the chairperson or the churchwardens.
Compliance with Public Benefit
The Parish has given careful consideration to the Charity Commission for Northern Ireland’s guidance on public benefit to ensure that the actives entered into during the year have helped to achieve the Parish’s objectives and activities, as well as providing public benefit.
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Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Trustees’ 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 Northern Ireland with Income of less than £250,000 requires the trustees to prepare a statement of receipts and payments and a 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
Trustee 1 _______
Trustee 2 ___ Date: ____
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INDEPENDENT EXAMINER'S REPORTT_OTHETRUS_TEE_S O_F ST. JOHNS_CHURCH MADDEN.PARISH OF DERRYNOOSE. YEAR ENDED 31 DECEMBER 2023 We report on the accounis ol the charitylorthe Yeaf Ended 31 December 2023. Res ertlv Res on Ibllltles of ThJ5tees and Inde ndeni Exarnlner The charitrf5 trustees are respon51ble for the preparatlon of ihe accounts In attordance wlth Charitie5 Art INII 2008. Havlng sat15fied ourselves thai ihe Charlty b not 5vblect to audit under company law and Is ell8lble for Independent examlnatlon. It Is ovr responslbility 10: Examlfte the accounts undef Sertion 65 vf the Chafltles Att. follow the procedures tald down In the general DiTecUorts glven by the Commlsslon under settion 651911bl of the Charlrles Art stale whether partknslar matters have come to ourattentton. Basls of Ind endent Exomlnerfs Statement We have e¥amlned your charlty accounts as requlred under 5eaton 65 of the Charltles Act and our examlnatlon was carrled out In accordance wiihthe general Dlrettions Eiven by ihe Char6ty Commlsslon for Northern Ireland under5ect]on 6519}Ibl of ihe Chèrltles ACL OUT examlnation Includes a revlww ol the accountlne records kept by the charlty and a ¢omparlson of the ac nts presented wlth those CordS. It also Includes tonslderauon of any unusual Items or dLSclosures lft the accounts. and seeklng explanation5 Irom you as truxees concernlng any such matters. The procedures undertaken do not provlde all the evldence that would be requlred In an audll. and consequenvy we do not express an audit oplnlon on whether the accounts present a'true and falr vw. Our role Is to state whetheraAy materlal matters have come to ourattentlon 8lvln8 us cause to belleve.. l. That accDuntlng records wefe not kept In accordance wlth seaion 63 of the Charitles Art 2. That the accounts do not accord with those accountlng records 3. That the accounts do not comply wlth the accounting requirements of the CharitksAtt 4. That there is furtherlnformation needed fora proper understandlfig of the accourttsto be reached. Inde endent Emarnlnerfs Statement In conneaion With our examinatlon. no maiter has come to our attentlon: whlch Elves us iea50nable ¢av5e to belleve that In any fflaterbal respect the trustees have not fflet the requlrements to ensurethat proper books ofaccount are pt lin accordarKe with SeCtn 63 ofthe Companles art •nd accounts are prepared whlth agree wlth the books of account and comply wlth the accountlng requSrements of Section 396 of the Companles Act 2006 and wtih the methods and Prlnclples of the Statementof Recofflmended Pratttce: AccountlnE and Reportlng by Charitles; to whlch, In our oplnKJn. attentk*n should be drawn to enable a proper understanding of the accounts to be Teached. ames ftablnson. FCC WHR Accountants lid Independent Examiner 56 Engllsh Street. AJmagh. BT617LG Ir ortob r2024
Receipts and Payments Account for the year ended 31[st] December 2023
INCOME Opening Balance £93,185.66 Subscriptions £8,794.30 Gifted Monies £90.00 Special Collections £371.70 Wayleaves £124.78 Gift Aid Received £1,989.53 Land Letting £12,896.00 Grant Income £1,000.00
| COI Trustees: Mr J Carson Mr J Straghan Mrs M A Straghan Mr T J Straghan Bank Interest |
£571.62 £45.64 £57.65 £80.39 £982.99 |
|---|---|
| £120,190.26 |
| EXPENDITURE Armagh Diocese - Sustenation Fire Extinguisher Service Power NI - Electricity Heating Oil NI Water Organist Fees Joint Charges Printing Services Special Services Church Insurance Grass Cutting Visiting Preacher Sunday School Architect's Fees Maintenance Other Costs Charties: COI Board for Social Responsibility COI Board of Education Air Ambulance NI CMS SAMS Church Army NI Cancer Fund for Children NI Chest Heart & Stroke Bishops Appeal Hospice Sunday Bank Charges Closing Balance |
£7,764.67 £99.60 £58.30 £400.00 £397.30 £495.00 £1,003.72 £150.00 £380.77 £1,358.46 £1,500.00 £34.50 £53.97 £1,320.00 £820.24 £660.00 25.00 25.00 100.00 50.00 100.00 50.00 100.00 40.00 75.00 £95.00 £62.72 £102,849.81 |
|---|---|
| £120,069.06 |
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Statement of Assets and Liabilities as at 31 December 2023
| Unrestricted Funds 2023 £ |
Restricted Funds 2023 £ |
Endowment Funds 2023 £ |
Total 2023 £ |
||
|---|---|---|---|---|---|
| Cash Funds | |||||
| Current Account | 102,849.81 | 102,849.81 | |||
| Total Cash Funds | 102,849.81 | 102,849.81 |
| Investment Assets | |||||
|---|---|---|---|---|---|
| Deposit Account | 25,033.89 | 25,033.89 | |||
| Deposit Account | 558.49 | 558.49 | |||
| Investments in RCB / CIT Unit Trusts |
41,542.15 | 41,542.15 | |||
| Loan to Madden School House Heritage Committee |
115,000.00 | 115,000.00 | |||
| Total Investment Assets |
25,592.32 | 115,000.00 | 41,542.15 | 181,026.12 |
| Assets retained for the Parish’s own use |
|||||
|---|---|---|---|---|---|
| Church & Graveyard | Heritage Asset |
||||
| School House | Heritage Asset |
||||
| Glebe Land | 730,000.00 | 730,000.00 | |||
| Old Rectory & surrounding Garden |
200,000.00 | 200,000.00 | |||
| Gate Lodge (M Wilson Cottage) |
70,000.00 | 70,000.00 | |||
| Farm House (C McCall) |
50,000.00 | 50,000.00 |
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Total Assets retained 1,050,000.00 1,050,000.00 for the Parish’s own use On Behalf of the Trustees: Trustee 1 Trustee 2
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Notes to the financial statements for the year ended 31[st] December 2023
1. 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 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
-
School House
-
Glebe Land
-
Old Rectory & surrounding Garden
-
Gate Lodge (M Wilson Cottage)
-
Farm House at Drumacanver (C McCall property)
The Church Building and Graveyard and derelict Parochial Hall 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 information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish.
The School House is vested at Diocesan Trustees level for the benefit of Derrynoose Parish Church.
There are 73 acres vested between RCB level and at parish level and this has been estimated at £10,000 per acre for accounting purposes.
The valuations of the derelict properties at the Old Rectory & surrounding Garden, the Gate Lodge (M Wilson Cottage) and the Farm House at Drumacanver (C McCall property), subject to planning permission, are based on the 2008 valuations by Best Property Services and these figures have been used for accounting purposes.
ii) Investments
Fixed asset investments 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 end date. Investments in unquoted investments are recorded at cost and are assessed annually for impairment.
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2. Reconciliation of Cash Funds
Total Cash Funds at Beginning 93,185.66 of the year Receipts for the Year 27,004.60 Payments for the Year (17,219.25) Total Cash Funds at end of the 102,971.01 year
3. Movement in Funds
| General Fund Total funds |
At 1 Jan 2023 £ 93,185.66 93,185.66 |
Incoming Resources £ 27,004.60 27,004.60 |
Outgoing Resources £ (17,219.25) (17,219.25) |
Transfers £ - - - |
At 31 Dec 2023 £ 102,971.01 |
|---|---|---|---|---|---|
| 102,971.01 |
4. Collections for Third Parties
| Hospice Appeal | 2023 £ 95.00 |
|---|---|
| 95.00 |
The above amounts have been included in Receipts for the Year under November Hospice Sunday and in Payments for the year under November Hospice Sunday.
5. Transactions with the Trustees
Trustee Mervyn Hawthorne received payment of £376.00 in respect of sexton duties.
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