St. Pauls Church Tartaraghan Trustees. Annual Report and Statement of Receipts and Payments and Assets and Liabilities for the year ended 31st December, 2024 Charitl8s Number: NIC 104043 St. Pauls Church Tartaraghan Annual Report and Financial Statements for the year ended 31st December, 2024 Contents: Pages References and administrats've 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 Nigel Pierson Geoffrey Benson Principal Office-bearers Clergy.. Church Treasurer.. Church Warden - Clergy Church Warden - People Canon David Hilliard, B.TH Ethel Moore Geoffrey Benson Mrs. Alicia Dickson Independent Examlner W.J. Mcclelland, 7A, Gilford Street, Tandragee, Co. Armagh. BT62 2DA Bankers Danske Bank, Oonegal Square West, Belfast, BT17RS Trustees. Annual Report for the year ended 31st December, 2024 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, 2024. Objective and Actlvltles 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 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 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 St. Paul's Church, Tartaraghan. Achlevoments, Performancos and Publi¢ Benefit 2024 The Parish continued to have regular Services of Worship throughout the year 2024. Sunday School classes were held during part of this year. The Church has officers in place in accordan￿ with the Church of Ireland Policy on Safeguarding trust. FinancSal Revlew 2024 The Income into the Parish from various sources was £151,220 with outgoings of £321,300 leaving excess of payments £170,080. The Bank and Cash in Hand Balance at 31st December, 2024 was £193,155. It is the Trustee's policy to hold SL5fficient 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 activities and the financial statements for the year ended 31 st December, 2024 can be signed off as a going concern. Trustees. Annual Report for the year ended 31st December, 2024 (continued) structure, Governanco and Management Governing Document and Constitution of the Charity Chapter111 of the Consts'tution of the Church of Ireland governs Parishes and Parochial Organisations. The Select Vestry members are the Charity Trustees. Rocruitmont 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. Organlsatlonal Structuro The select vestry is responsible for the day to day management of the parish. The select vestry consists of the member of the clergy seNing in the parish, the churchwardens, the glebe wardens and generally not more than ￿e1ve 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, 2024 Icontinued) The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefi't 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 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 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 Tru8tee8 Trustee 1 Trustee 2 Dated Independent Examiner's Report to the Trustees of Tartaraghan Church I report on the accounts of the Trust for the year ended 31 st December, 2024. which are set out on pages 6t010. Respectlve responsibillties of charlty trustees and examiner. As the 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'.- 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 partlGular matters have come to my attention. Basls 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 reland 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: 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 Act. That there is further infomiation needed for a proper understanding of the accounts to be reached. Independent examlnerfs Statement I have completed my examination and have no concerns in respect of the matters11) to (4> listed above and, in con ection with following Ihe Directions of the Charity Commission for Northern Ireland, I have found no m tt sth t qui rawi to your attention. Slgned W.J. Mcclelland, 7A, Gilford Street, TANDRAGEE. Co. Armagh. BT62 2DA Dated L'okn . Recelpts and Payments Account for the year ended 31 December 2024 Unrestrlcted Funds Restrlcted Fund5 Total Total Note 2024 2024 2024 2023 Recel Donations and plate collecllon Colleciions lor Third Partles Gills and legacies Proce8ds Irom Fund Raislng Events Bank and Oeposlt inieresl Investment income Rental ol Pfemlses Gr8V8yard rec8lpts Church magazlne recelpts Receipts Ifom Trust Grants Rècèlpts from Psrlgh Organlsaiions 49335 49335 4584 57274 4697 4602 2717 18221 7595 46110 4466 6460 9989 9195 2505 16036 4670 560 270 3900 1210 4584 3595 53679 4697 2296 241 18221 7595 2305 2476 237 237 1724 235 1959 Total Recelpts 137788 13432 151220 105371 Pa ments Wages and $81arles Dioces8n CoslslAssessmenl Church property funnlng c051s Church properly main16nance costs Gfav6y8rd tosis Rectory and Glebe costs Admlnlsiiailon cosis Church maga2in6 payments Fundialslng costs Chafiiable Donations Paymenls lo nailonal org8nlsailon8 P8ymenls Ifom Parlsh Organlsalions 792 40182 9541 1804 2230 3000 999 792 40182 10506 1876 2230 3000 1498 626 38715 8825 1917 3495 3600 2553 263 1261 3829 777 185 965 72 500 499 36 499 3705 868 180 3669 868 180 Assét and Invèstment purchas•s: Eqvipmenl addilions Properly Improvomenis and 8ddlilons New Recioiy expenditure Total Payments 2560 1481S 198467 281886 90683 149947 165279 171353 255962 321300 Excess ol Receipts over Payments IOT the year before translers .12159 -157920 .170080 -176515 Transfèrs Excess of Recelpts over Payments for the year .12159 -157920 -170080 .176515 On behalf of the TrustsOS Trustee 1 Trust88 2 Statement of Assets and Llabilitles as al 31 Decembor 2024 Restricted Endowment Funds 2024 Unrestrlcted Funds 2024 Restrlcted Funds 2024 Total 2024 Total 2023 Cash Funds Curronl and cash Accounls Deposit Accounts Deposit Account IRCB) Total Cash Funds 63,377 124.677 5,101 68,478 124,677 41.125 162.729 159,379 363,233 188.053 5,101 193,155 Investment Ass•t8 Eqully Investments Other Listed Investmen15 Investments In RCBICIT 27.296 Unli Trusts Other unlisted inveslmènis Invesimenl Properlies Total Investment Assets 2,047 116.253 118.300 116,142 Assets retained lor the Parlsh's own use Parlsh Church Church Graveyard Parish Church Hall Parish Sports Hall Church land Pfoperty known as Laurel Collage and stores Property known as Tara Lodge Reclofy ai Cost Glebe land Equipmanl Value 31.12.24 31.12.23 Heritag6 Heritage 704,366 399,874 249,000 370,718 189,725 475.251 202.000 4,733 Heritage Hefiiage 683.187 387,851 186.750 359.571 184.020 219.290 151,500 5,917 Total Assets retalned lor the Parlsh's own use 2,595,668 2,178,085 On ￿hall of tho Tiusle•s Truste• 1 4-4 Trustee 2 Notes to the financlal statements for the year ended 31st December. 2024 Accounting Policies Set out below are the principal accounting 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 retained 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 Heritsge Assets as defined by the Charities SORP (FRS102). 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 20.kn on a reducing balance basis. Land has been valued at the current market rate for agricultural land of £20,000 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 statements for the yearended 31 December 2024 2 Reconclllation of Cash Funds Total Cash Funds at Beginning of the year Re￿ip1S for the year Payments for the year Total Cash Funds al end of the year 363233 151220 -321299 193155 At 01 Jan 2024 Incomlng Outgolng Resources Resources Transfers At 31 De¢ 2024 At 31 Dec 2023 3 Movement in Fund¥ Restrlcted Funds RCB deposit account- New Rectory Church - General account Church General a￿oUnt IRCB UT disls.) 159379 392 3250 163022 2305 8651 2476 13432 -161684 -8701 -967 -171353 159379 392 3250 163022 342 4759 5101 Unre8trlcted Funds Church General and cash accounts Church investment account Church Sports hall account Graveyard current and cash accounts Graveyard deposit account Choir deposit account Sunday school account Tara Tots account Walking club account Keep Fil account Chair Aerobics account 13663 157032 1564 20736 3661 2036 16 105570 21368 1197 7595 63 517 235 295 439 60 450 137788 -146877 60745 -60000 33101 118400 2761 26032 3724 2553 16 13663 157032 1564 20736 3661 2036 16 -2299 -235 -295 1245 258 -355 -180 1329 138 1245 258 -450 200212 -149946 188053 200212 Total Fund8 363233 151220 -321299 193166 363233 Notes to thè financial statements for the year ended 31st December, 2024 4 Collection for Third Parties 2024 CMS Ireland Earl Haig Crosslinks Armagh Diocese Annual Hospice Appeal Protestant Orphans Society LEMOS Armagh Diocesan Board of Ministry Forget-me-not- Sunday School £i,oio 210 800 344 224 710 172 235 Total £3.705 5 Transactions with Trustee8 There were no transactions with Trustees. 6 Governance Governance costs were not incurred during the year. 10