St. Saviour's Parish Church Annual Accounts 2022
ST. SAVIOUR'S PARISH CHURCH ANNUAL REPORT & FINAIYICIAL STATEMEwfs FOR THE YEAR EI¥DED 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 9-13
ST. SAVIOUR'S PAIUSH CHURCH References and administrative details Charity Name: St. Saviour's Parish Church Charity Registration Number: NIC104045 Contact Address: 10 l Drumnasoo Road Portadown BT62 4EX Truslees Mrs Irene McIldoon Robert Hobson Denese Wright Mrs S Clayton William Clayton Meredith Quinn Mrs K Maginnis Mrs E Lindsay Gerry Black Roger Young Mrs J Forde Mrs l Heivitt Mr P Cloughley Mr E Reid Mr M Clayton Mr Lewis Black Principal Office-bearers Clergy: Church Treasurer: Income Treasurer: Church Warden - Clergy: Church Warden - People: Church Secretary Rectors Glebe Warden Peoples Glebe Warden Rev. Carlton Baxter William Clayton Roger Young Mr5 D Wright Mr R Young Martin Clayton Meredith Quinn Mr L Black Independent Examiner David Brown SD Brown & Co. 25-27 Edward Street Portadown BT62 3NE Bankers Danske Bank Portadown
St. Saviour's Parish Churcb 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. Saviours. Parish Church. Objectives and Activities The Charitable purpose of the Church of Ireland is in the advancement of religion. The principal function of St. Saviour's Parish is to support the advancement of the Christian religion by promoting. through the work of St. Saviour's Parish, 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 fldamental 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. Saviour's Parish has custody of property and of records. materials and artefacts of significance to the cultural and religious heritage. Maintenance of which is undertaken by the Select Vestry of St. Saviour's Parish. Achievements, Perfornance & Public Benefit The Parish has weekly services on Sunday mornings and evenings comprising of a mix of Holy Communion, Family ServicelBaptism and Sunday School together with various other special services during the year e.g. Lent Services, Harvest and Christmas Services. Bible Fellowship Meetings are held on the l & 3 Friday of each month. Pastoral Care is also provided. A range of other activities are also provided by St. Saviour's Parish either by the Church direct or through various Church organisations e.g. Church Lads Brigade, Church Girls Brigade, Ignite Youth Group, Mothers Union, Senior Citizens Thursday Friendship Group and Craft Cl&ss. St. Saviour's Parish has mitigated any potential harni from the above activities through the implementation of the Church of Ireland Policy on Safeguarding Trust. The Parish has given careful consid¢ration 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 both the Parish's objectives and the implementation of public benefit. Financial Review The Income into the Parish from various sources was £75,764 (£67,561-2021) with outgoings of £89,618 (£68,406-2021) giving a deficit of £13,854 (deficit £845 2021). The Bank and Cash in Hand Balance at 31° December 2022 was £86,003 (£101,857-2021). It is the Trustee's Policy to hold sufficient reserves to cover unexpected emergencies, to enhance funds to pay for future maintenance to the Church and grounds and to further the Objectives and Activities of the Church of Ireland.
St. Saviour's Parish Church Trustees, Annual Report for the year ended 31st December 2022 (continued) 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 2022 can be signed off as a going concern. 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 Vesty members are the Charity Trustees. Recruitment and Appointment of Select Vestry (Trustees) 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. Meeting 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 ternis which may be served. Pay and remuneration The Rev. Carlton Baxter receives a stipend, office and locomotory allowances in accordance with figures approved by the General Synod of the Church of Ireland in 2022. OrgaJ)is2tional Structure The Select Vestry is responsible for the day to day management of the Parish. The Select Vestry comprises a member of the Clergy serving in the Parish, the Church wardens, the Glebe wardens and generally no more than twelve other members of the General Vestry elected at the General Vcstry Meeting. The Select Vestry is chaired by the member of the CleTgy officiating in the Parish. Select Vestry members are responsible for making decisions on matters of general concern and importance to the parish including deciding hoiv Parish funds are to be applied. The Treasurer is responsible for the Current Account and the Building Funds. The Select Vestry meets at ttmes fixed by the members of the Diocesan Synod. Special meetings may be convened at any time by the Chairperson or the Church Wardens.
St. Saviour's Parish Church Trustees, Annual Report for the year ended 315t December 2022 (continued) 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 activities entered into during the year have helped to achieve the Parish's objectives and activities, as well as providing public benefit. As detailed on page 4 above. Statement of Trustees, Responsibilities The Trustees are responsible for preparing the Trustees, Report, 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 Truste Trustee I Trustee 2 CLpWc> Date
St. Saviour's Parish Church Independent Examiners Report to the Trustees of St. Saviour's Parish Church SL I report on the accounts of the Trust for the year ended 31 December 2022, which are set out on pages 7 to 12. Respective responsibilities of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ircland) 2008. It is my responsibility to: Examine the accounts under section 65 of the Charities Act Fol low 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 rny 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 ivas carried out in accordance with the general Directions 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 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: 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 information 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 Northem Ireland, I have found no matters that require drawing to your attention. S. D. BROWN F.C.C.A. CHARTERED CERTIFIED AccouNfANT' 25-27 EDWARD STREET PORTADOWN BT62 3NE DATE: March 2023
St. Saviour's Parish Church st Receipts and Payments A¢Unt for the year ended 31 December 2022 Unrestrirted Restrlrted Funds Funds Total Total 2022 2022 2022 2021 Note Recel Donations & plate collectlon Legacies Collertion forThird Parties 50,736 900 51,636 46,664 2,910 1,391 244 4,537 232 4,537 232 Bank & Deposit Interest Investment Income 2,224 7,030 9,095 2,224 7,030 9,095 I,oio 75,764 67,561 2,077 6,551 7,068 656 Rental Proceeds Other Recelpts Receipts from Parish Organisations Total Recei I,oio 1,910 73,854 Pa ments Wages and Salaries Diocesan Costs/Assessment Church Running Costs Rectory Running Costs Collections for Third Parties/Charitable Donations Admlnistration Costs Shop Insurance Payments from Parish Organisations Total Pa ments 2,950 39,358 13,046 2,909 2,950 2,775 39,358 32,683 29,944 15,855 8,882 13,516 16,898 5,973 4,977 2,632 466 4,977 2,632 466 1,910 1,294 409 409 373 66,338 23,280 89,618 68,406 Excess of Receipts over Payments for the year before transfers Transfers 7,516 (300) (21,370) (1,700) {13.8541 {2,0001 18451 Excess of Receipts over Payments for the year 7,216 123,070) {15,8541 18451 On Behalf of the Trustees Trustee I Trustee 2 Date:
St. Saviour's Parish Church Statement of Assets and Liabilities as at 315¢ December 2022 Unrestrirted Funds 2022 Restrirted Funds 2022 Endowment Funds 2022 Total 2022 Total 2021 Cash Funds General Account Charity Account Repair Account Graveyard Account Craft Class Bible Study Thursday Fellowship Sunday School Total Cash Funds 60,978 1,854 60,978 1,854 15,203 4,147 2,641 116 56,598 1198 36,964 3,307 2,540 146 590 514 101,857 15,203 4,147 2,641 116 710 354 23.171 710 354 86,003 62A32 Investment Assets Equity Investments Other Listed Investments Investments in RCB / CIT Unit Trusts 18860 Units of RB General Unit Trust Nl Other unlisted investments 6 acre5 of Agricultural land Commercial Shop- Woodhouse Street Total Investment Assets 77,911 77,911 81,952 75,000 75.000 75,000 200,000 200,000 200,000 275,000 77,911 352,911 356,952 Assets retained for the Parish's own use Rectory 575,000 575,000 575,000 Total Assets retained for the Parish's own use 575,000 575,000 575,000 Total Assets 171 On Behalf of the Trustees Trustee I Trustee 2 Date:
St. Saviour's Parish Church 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 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 Church Hall Rectory Fixtures and Fittings The Church Building and Graveyard 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 infom)ation on the cost or valuation is not available and such inforniation cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish. The Church Hall is in thc Church Grounds and as such is not separable as an asset. As such it is deemed to be a Heritage asset and no value is ascribed to it in the statement of assets and liabilities. The Rectory is recognised at deemed cost being the value placed on it for insurance purposes. No Depreciation has been provided on the rectory as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. Fixtures and Fittings are deemed to be Heritage assets as defIned by the Charities SORP (FRS102). These fixtures and fittings are artefacts contained within the Church Building and their preservation and contribution to culture are ancillary to faith and other purposes. Heritage assets are not included in the statement of assets and liabilities as inforniation on the cost or valuation is not available and such inforniation cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish. (li) Investments Fixed asset investments comprise 6 acres of agricultufdl land, a commercial shop in Woodhouse Stree¢ Portadown and investment in RCBICIT Unit Trusts. The 6 acres of agricultural land has been valued using a market value of £12,5001acre. The commercial shop has been recognised at deemed cosL being the value place on it for insurance purposes. Representative Church Body (RCB) investments are initially recorded at cost and are then subsequently stated at fair value at each year end date.
St. SavEour's Parish Church Notes to the financial statements for the year ended 31st December 2022 (continued) 2. Reconciliation of Cash Funds 2022 2021 Total Cash Funds at Beginning of the Year Receipts for the Year Payments for the Year Transfer to RB Unit Trust Total Cash Funds at end of the year 101,857 75,764 (89,618)_ 102,702 67,561 (68,406) £57 3. Movement in Cash Funds Incomin Out oin At 1.1.22 Resources Resource Investment Gain Loss Transfer At31.12.22 il.12.21 Endowment Funds 81.952 77.911 Restricted Funds Repair Account Graveyard Account Craft Class Bible Study Thursday Fellowship Sunday School 900 (22,661) (210) (2,000) (169) (450} (JO) (170) 160 15,203 4,147 2,641 116 7lO 354 36,964 3.307 2,540 146 590 514 2,540 146 590 514 720 290 Unrestricted Funds General Account Charity Account 56.598 66.021 (61.341) (300) 750 450 60,978 56,598 (66218) 89.618 Total Cash Funds 101857 101857 oses of Endowment Funds RCB Investments - These relate to various pernianent endowments that the Church has received that are invested with the Representative Church Bodv with the income each year from such investments being paid to the Church for general Church purposes. oses of Restricted Funds Repair Account- This is a fund that is used to assist with the upkeep of the Church's buildings and for the future cost of building works. Sundry Restricted Funds- These relate to various Testricted funds held for use by Church Clubs. 10
St. Saviour's Parish Church Notes to the financial stalements for the year ended 315¢ December 2022 (continued) 4. Collections for Third Parties Receipts 2022 2021 Earl Haig Fund Easter Appeal Crosslinks Bible a month project Institution Service Carol Service Orange Service Ukraine Appeal Hospice Collection Charlenes Project Mothers Union Gerry & Willie Fund Raised 183 1.345 53 43 570 50 110 103 220 321 285 1.723 395 36 59 130 295 The above amounts have been included in Receipts for the Year under'collections for Third Parties" and in Payments for the year under '£ollections for Third Parties" 5. Church Running Costs 2022 2021 Insurance- Church, Hall & Rectory Water Charges - Hall Grounds Maintenance Church & Graveyard Light, Heat & Boiler Service Church & Halls Repairs Fire Extinguisher Service Music Copyright Fire Alam] Service Test Lightning Conductor/ New Earth Pest Management New Equipment Graveyard Maintance Church and Hall Expenses Sundries 2,458 91 2.400 2,256 6,212 225 512 495 1,686 136 11.739 210 390 2,012 217 2,100 1,659 4,553 508 483 234 136 1,885 580 852 637 15 The above amounts have been included in Payments for the Year under "Church Running Costs"
St. Saviour's Parish Church 6. Rental Proceeds 2022 2021 Land Rental Woodhouse Street Shop Rental 450 450 6.101 551 The above amounts have been included in Receipts for the Year under "Rental Proceeds" 7. Other Receipts 2022 2021 Internments/Headstones Kilmore Shared Expenses Re: Rectory Upkeep & Stationery Diocesan Grant Sundries Use of Church Hall Breakfast 3,050 1,800 3,626 4,468 150 650 195 1,738 486 The above amounts have been included in Receipts for the Year under Other Receipts" 8. Wages and Salaries 2022 2021 Sexton Organist Pulpit Supply 550 2,280 120 1,100 1,635 40 The above amounts have been included in Payments for the Year under "Wages and Salaries" 12
St. Saviour's Parish Church Collections for Third Partieslcharitsble Donations 2022 2021 MND Crosslinks Earl Haig Fund Ukraine CMS Ireland Hospice Orange Servic¢ Charl¢nes Project Church Arniy The Leprosy Mission SAMS Ireland RUC GC Association Marie Currie 300 70 50 1.985 700 395 285 100 500 570 220 200 250 250 700 212 100 The above amounts have been included in Payments for the Year under "Collections for Third Parties" 13