St. Pauls Church Tartaraghan Trustees. Annual Report and Statement of Receipts and Payments and Assets and Liabilities for the year ended 31st December, 2023 Charlties Number: NIC 104043 St. Pauls Church Tartaraghan Annual Report and Financial Slatements for the year ended 31st December. 2023 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 St. Pauls Church Tartaraghan Reference and Administrative details Charity Name.. St. Pauls Church Tartaraghan Chaity 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 Thomas Moore Alicia Dickson Sam Neill David Cardwell Ann Richardson Willie Richardson David Moore Paul Holmes Ethel Moore Ni9el Pierson Prlncipal Office-bearers Clergy.. Church Treasurer.. Church Warden - Clergy Church Warden - People Canon David Hilliard, B.TH Ethel Moore Alicia Dickson Nigel Pierson Independent Examlnor W.J. Mcclelland, 7A, Gilford Street, Tandragee, Co. Armagh. BT62 2DA Bankors Danske Bank, Donegal Square West, Belfast, BT17RS Trustees. Annual Report for the year ended 31st December. 2023 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, 2023. Objective and Activities The charitsble 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 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 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. Achievements, Performances and Publlc Benefit 2023 The Parish continued to have regular Services of Worship throughout the year 2023. Sunday School classes were held during part of this year. The Church has officers in place in accordance with the Church of Ireland Policy on Safeguarding trust. Financial Review 2023 The Income into the Parish from various sources was £105,371 with outgoings of £281,886 leaving excess of payments -£176,515. The Bank and Cash in Hand Balance at 31st December, 2023 was £363,233. 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 Obsective 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 activities and the financial statements for the year ended 31st December, 2023 can be signed off as a going concern. Trustees. Annual Report for the year ended 31st December, 2023 (continued) 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. 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 fof 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 reolected 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 Genera5 Synod of the Church of Ireland. The proportion paid by Tartaraghan is by way of Assessment through the Diocese of Armagh. Organisational Structurg 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 twelve other members of the general 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, 2023 (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 objects'ves and activities, as well as providing public benefit. Statement of Trustees. Responsibilities The trustees are responsible for preparing the Trustees, Report and the Ststement 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 Ststement 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 31 st December, 2023, 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 accounls 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 65191{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 accordance 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 AGt. That there is further information needed for a proper understsnding 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 connection with following the Directions of the Charity Commission for Northern Ireland, I have found no m thal re ire drawing to your attention. Signed W.J. Mcclelland, 7A. Gilford Street, TANDRAGEE, Co. Armagh. BT62 2DA Dated /[ tceipts and Payments A¢¢ountfor the year ended 31 December 2023 Unrestricted Funds Rgstricted Fun¢ts Total Totsl Note 2023 2023 2023 2022 Rocoi Donations and plate collection Collections for Third Parttes Grfts and legacie5 Proceeds from Fund Raising Events Bank and Deposit interest Investment income Rental of premises Graveyard receipts Church magazine ￿e￿Ip￿ Receipts from Trust Grants Receipts from Parish Organisalions 46110 46110 47765 5120 2437 11187 2058 2399 14156 6100 425 359 900 1202 5515 9989 945 9989 919S 2505 16036 4670 560 270 3900 1210 7251 2283 222 16036 4670 560 270 3900 1210 Total Receipts 86256 19115 105371 94108 men Wages and salaries Diocesan C051slAs5essment Church property running costs Church propety maintenance ¢o$l$ Graveyard costs Rectory and Glebe costs Adminislralion costs Church magazine payments Fundraising costs Chaiitable Donations Payments to national organisations Payments from Parish OTganisalions 625 38715 7912 1767 3460 3600 1500 263 861 200 625 38715 8825 1917 3495 3600 2553 263 1261 3829 777 185 623 36513 8771 6860 4690 5140 1143 525 855 4600 792 400 913 150 35 1053 400 3629 777 185 A8set and Inveslmgnt purcha898: Equipment additions Property improvements and additions New Rectory expenditure Total Payments 60 13815 4867 77830 2500 1000 193600 204056 2560 1481S 198467 281886 239 2189 8764 82104 Excess of Rè¢oipts over Paymonts for th• year belore transfers 8426 -184941 -176515 12003 Transfe Exce88 of Receipt8 over Payments for the year 8426 -184941 -176515 12003 On bghalf of the Trustees Trustee 1 y(%￿ Trusteg 2 Statement of Assets and Liabilities as at 31 December 2023 Restrlcted Endowment Funds 2023 Unrestricted Fund8 2023 Restricted Funds 2023 Total 2023 Total 2022 Cash Funds Current and cash Accounts Deposit Accounts Deposit Account {RCB) Total Cash Funds 37.482 162.729 3,643 41,125 162,729 159,379 363,233 42,180 151.840 345,728 539.748 159,379 163,022 200,212 Investment Assets Equity Investments Other Listed Investments Investments in RCBICIT 27,296 Other unlisted investments Investment Properties Tolal Investment Assets 2.009 114,133 116.142 112,759 Assets retained for the Parish's own use Parish Church Heritage Church Graveyard Heritage Parish Church Hall 683.187 Parish Sports Hall 387,851 Church land 186,750 Property known as Laurel Colt, 359,571 Property known as Tara Lodge 184,020 Rectory at cost 219,290 Glebe land 151,500 Equipment 5,917 Value 31.12.23 31.12.22 Heritage Heritage 627.929 356.481 198,000 330,488 169,136 151,500 4,836 Total As8et8 retsined for the 2,178,086 Parish's own use 1,838.370 On behalf of the Trustees Trustee 1 Trustee 2 Notes to the financial ststements for the year ended 31st December, 2023 Accountlng Policies Set out below are the principal a¢¢ounting policies which have been adapted in the compilation of the Receipts 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 retalned for the Parlsh'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 IFRS102). These Heritage assets are not included in the statement of assets and liabilities as infomiation 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 200A 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 assessed annually for impairment. Notes to the financial stalements for th• year ended 31 December 2023 2 Reconcillatlon of Cash Funds Totsl Cash Funds al Beginning of the year Re￿Ipts for the year P8ymenls for the year Total Cash Funds al end of the year 539748 105371 -281885 363233 At 01 Jan 2023 Incoming Outgolng Resoureeg Resovrcgs Transfers At31 De 2023 At 31 Dec 2022 3 Movément in Funds Restricted Funds RCB deposit Actounl- New Reclory Church - GeneTo1 account Church- General account IRCB UTI 345728 7251 9581 2283 19115 -193600 -9188 -1268 -204056 159379 392 3250 163022 345728 2235 347963 2235 347963 Unrestrlcted Funds Church - General and Gash accounts Church investment account Cl)urch - Sports hall account Graveyard current and cash aGcounls Graveyard deposit account Choir deposit account Sunday school a¢¢ounl Tara Tots account Walking club account Keep Fit account Chair Aerobics aCc￿unt 18859 146164 58546 20868 941 4670 13 -73679 9937 -10000 624 13663 157032 1564 20736 3661 2036 16 18859 146164 19581 3648 2028 16 -3515 19581 3648 2028 16 180 435 215 380 86256 -180 1210 278 400 -235 1245 258 1210 278 -380 191785 -77829 200212 191785 Total Funds S39748 105371 -281885 363233 S39748 Notes to the financial statements for thè year ended 31st Decemb6r. 2023 4 Collection for Third Parties 2023 CMS Ireland Earl Haig Crosslinks Armagh Diocese Annual Hospice Appeal Healthcare Christian Fellowship LEMOS Armagh Diocesan Board of Ministry International Justice £1,003 242 864 435 loo 841 244 loo Total £3,829 5 Transactions with Trustees The parish paid expenses of £3,600 relating to costs for renting an apartment which is occupied by the rector. 6 Governance Governance costs were not inCUr￿d during the year. 10