St. Pauls Church Tartaraghan Trustees, Annual Report and Statement of Receipts and Payments and Assets and Liabilities for the year ended 31st December. 2022 Charities Number: NIC 104043 St. Pauls Church Tartaraghan Annual Report and Financial Statements for the year ended 31st December, 2022 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. Pauls Church Tartaraghan Chairty Registration Number: NIC 104043 Contact Address 53, Clonmacash Road, PORTADOWN, Co. Armagh. BT62 1 LT Trustees Canon David Hiliard, B.TH Jennifer Harrison Doris Killow Alison Martin Jennifer Hobson Roger Boy Thomas Moore Alicia Dickson Sam Neill David Cardwell Ann Richardson Willie Richardson David Moore Paul Holmes George Benson Ethel Moore Principal Office-bearers Clergy: Church Treasurer: Church Warden - Clergy Church Warden - People Canon David Hilliard, B.TH Ethel Moo Doris Killow Alicia Dickson Independent Examiner W.J. Mcclelland, 7A, Gilford Street, Tandragee, Co. Armagh. BT62 2DA Bankers Danske Bank, Donegal squa￿ West, Belfast, BT17RS Trustees. Annual Report for the year ended 31st December, 2022 The Trustees present the annual report and statements of Receipts and Payments and Assets and Liabilities for St. Pauls Church, Tartaraghan, for the year ended 31st December, 2022. Objective and Activities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of St. Paul's Church, Tartaraghan, is to support the advancement of the Christian religion by promoting, through the work of St. Paul's Church, Tartaraghan, 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 practs'cal delivery of the benefits of Christianity- As a result of activity in the pursuit of the advancement of the Christian religion St. Paul's Church, Tartaraghan has custody of propety 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 St. Paul's Church, Tartaraghan. Achlevements, Performances and Public Benefit 2022 The Parish continued to have regular Services of Worship throughout the year 2022. Sunday School classes were held during part of this year. The Church has officers in pla￿ in accordan￿ with the Church of Ireland Policy on Safeguarding trust. Financial Review 2022 The Income into the Parish from various sources was £94,108 with outgoings of £82,104 giving an increased surplus of £12,003. The Bank and Cash in Hand Balance at 31st December, 2022 was £539,748. It is the Trustee's policy to hold sufficient reserves for future running costs, and to cover unexpected emergencies, to enhance funds to pay for future maintenance to the Church and grounds and to further the Objective and Activities of the Church of Ireland. 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 activites and the financial statements for the year ended 31 st December, 2022 can be signed off as a going cOn￿rn. Trustees, Annual Report for the year ended 31st December, 20221continued) Structure, Governance and Management Governing Document and Constitution of the Charity Chapter111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisations. The Select Vestry members are the Charity Trustees. Recrultment 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. 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 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 Tartaraghan is by way of Assessment through the Diocese of Armagh. Organlsational 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, the churchwardens, the glebe wardens and generally not more than hvelve other members of the genefal vestry elected at the General Vestry. The select vestry is chaired by the incumbent officiating in the parish. Select Vestry members are responsible for making decisions on matters of general concern and important to the parish including deciding how parish funds are to be applied. The select vestry meets at times fixed by the members. Special meetings may be convened at any time by the chairperson or the churchwardens. Trustees. Annual Report for the year ended 31st December, 2022 (continued) The Parish has given careful consideration 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 trustees are responsible for preparing the Trustees, Report and the Statement of Re￿iptS 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 Statement of Assets and Liabilites 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 liabilites 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 Dated Independent Examinerfs Report to the Trustees of Tartaraghan Church I report on the accounts of the Trust for the year ended 31st December, 2022, which are set out on pages 6t010. Respective responsibilities of charity trustees and examiner. As the charity's trustees you are responsible for the preparation of the accounts in accordan￿ 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 6519){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.. That accounting records were not kept in accordan￿ with section 63 of the Charities Act. That the accounts do not accord with those accounting records. That the accounts do not comply with the accounting requirements of the Charities Act. That there is further infomiation 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 matters11) to (4) listed above and, in conn clion with following the Directions of the Charity Commission for Northem Ireland, I have found no th requi e drawing o your attention. Signed W.J. Mcclelland. 7A, Gilford Street, TANDRAGEE, Co. Annagh, BT62 2DA Datod Jb 20&3 Receipts and Payments Account for the year ended 31 December 2022 Unrestricted Funds 2022 Restricted Funds 2022 Endowment Funds 2022 Total 2022 Total 2021 Note Recei Donations and plate collection Collections for Third Parties Gifts and legacies Proceeds from Fund Raising Events Bank and Deposil inleresl Investment income Rental of premises Graveyard receipts Church magazine receipts Sale of assets Receipts from Trust Grants Receipts from Parish Organisations 47765 47765 5120 2437 11187 2058 2399 14158 6100 425 51301 3071 4315 1982 88 2293 14099 6820 369 350140 616 5118 493 5120 2437 11187 193 213 14156 6100 425 1865 2186 359 900 359 900 1202 1202 Total Recei ts 83678 8244 2186 94108 440704 ments Wages arnd salaries Diocesan CoslslAssessment Church properly running costs Church property maintenance c05tS Graveyard costs ReGlory and Glebe Gosts Administration Costs Church magazine payments Fundraising costs Charitable Donations Payments lo national organisations Equipment additions Property irnprovemenls and additions Grant related expenditure Legal and profe55ional costs Payments from Parish Organisalions 623 36513 7798 6300 4690 5140 701 525 455 273 623 36513 8771 6860 4690 5140 1143 525 855 4600 792 239 10953 608 36401 7882 6811 2370 2934 785 444 117 2933 308 2098 9355 359 500 614 60 442 400 4327 792 239 10953 6139 215 175 225 400 Totsl Pa m¢nt$ 74384 6604 1117 82104 79200 Excess of Receipts over PaymentB for the year bèfore transfers 9293 1640 1070 12003 381504 Transfers 225 -225 Excess of Receipts over Payments for the year 9293 1865 845 12003 361504 On behalf of the Trustees Trusto& 1 Trustee 2 Statement of Assets and Liabilities as at 31 December 2022 Restricted Endowment Funds 2022 Unrestricted Funds 2022 Restricted Funds 2022 Total 2022 Total 2021 Cash Funds Current and cash Accounts Deposit Accounts Deposit Account IRCBI Total Cash Funds 39,944 151,840 2235 42,180 151,840 345,728 539,748 46,078 137,804 343,862 527,745 345,728 345,728 191,785 2,235 Investment Assets Equity Investments Other Listed Investments Investments in RCBICIT 27,296 Unit Trusts Other unlisted investments Investment Properties Total Investment Asset5 1,951 110,808 112,759 121,521 Assets retained for the Parish's own use Parish Church Church Graveyard Parish Church Hall Parish Sports Hall Church land Property known as LaLirel Coltage and stores Property known as Tara Lodge Rectory Glebe land Equipment Value 31.12.22 31.12.21 Heritage Heritage 627,929 356,481 198,000 330,488 169,136 Heritage Heritage 587,340 322,085 158,400 298,600 152.816 151,500 4.836 121,200 5,806 Total Assets retalned for the Parish's own use 1,838,370 1,626,247 On behalf of the Trustees Trustee 1 Trustee 2 Jgnni Notes to the financial statements for the year ended 31st December, 2022 Accounting Policies Set out below are the principal accounting policies which have been adapted in the compilation of the Re￿Ipts and Payments Account and the Statement of Assets and Liabiliities (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 receipt basis. (b) Statement of Assets andLiabilities Assets retained for the Parish's own use. The Assets of the Parish retained for its own use as listed The Church Building, Church Hall, Graveyard and Fixtures and 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 information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish. Other Buildings - the insurance value has been used as it is not cost commensureate to have these professionally valued. Equipment is recognised at cost and is depreciated at 200￿ on a reducing balance basis. Land has been valued at the current market rate for agricultural land of £15,000 per acre. Investments Fixed Asset Investments comprising investment properties, investments in equities (ordinary shares) and investment in RCBICIT Unit Trusts are initially recorded at cost and are then Subsequently stated at fair value at each year and rate. Investments in unquoted investments are recorded at cost and are assessèd annually for impairment. Notes to the financial statements for the year ended 31 December 2022 2 Reconciliation of Cash Funds Total Cash Funds at Beginning ol the year ReTripls for the year Payments for the year Total Cash Funds al end of the year 527745 94108 -82104 539748 At 01 Jan 2022 Incoming Outgoing Re$ourc•s Resources Transfers At 31 De¢ 2022 At 31 Dec 2021 3 Movement in Funds Endowment Funds Church - General account Ire . RCB} 1391 1391 2186 2186 1117 -1117 -225 -225 2235 2235 1391 1391 Restrl¢ted Funds RC8 deposit account Church - General account Sunday school 8ccount 343862 1865 6379 345728 343862 -6379 -225 -6604 225 225 343862 8244 345728 343862 Unrestrlcted Funds Church - General and cash accounts Church investment 8ccount Graveyard current and cash accounts Graveyard deposit account Choir deposit account Sunday school account Tara Tols account Walking club account Keep F￿1 acoount 25380 132428 18225 3648 1728 26 57639 18736 6100 -69305 5145 -5000 18859 146164 19581 3648 2028 18 25380 132428 18225 3648 1728 26 -4744 300 160 145 312 285 83678 -170 -145 898 158 182491 1210 278 191785 898 158 182491 -165 -74384 Total Funds 527745 94108 -82104 539748 527745 Notes to the financial statements for the year ended 31st December, 2022 4 Collection for Third Parties 2022 The Bishops Appeal CMS Ireland Earl Haig Crosslinks Armagh Diocese Annual Hospice Appeal LEMOS Rector on a Tractor Good News (Formerly Gideons) £755 1,325 240 921 511 648 100 100 Total 5 Transactions with Trustees The parish paid expenses of £5,140 relating to rent and maintenance for the ￿¢tOry which was ccupied by the rector. 6 Govemance Governance costs were not incurred during the year. 10