St. Saviour's Parish Church Annual Accounts 2023
ST. SAVIOIJR'S PARISH CHURCH ANNUAL REPORT & FINANICIAL sfATETrIENTS FOR THE YEAR ENDED 31sr DECEMBER 2023 Contents Pages References and athninistrative delails of the Charity Trustees. Report Independent Examiners Report to the TTUStces Receipts and Payments Account Statement of Assets and Liabilities Notes to the Financial Statements 9-13
ST. SAVIOUR'S PARISH CHURCH Referenees and administrative detsils Charity Name: SL Saviour's Parish Church Charity Registration Number: NIC104045 Contact Address: 101 Drumnasoo Road Portadown BT62 4EX Trnstees Mr5 Irene M¢Ildoon Robert Hobson Denese Wright Mrs S Cjavton William Clayton Meredith Quinn Mrs K Maginnis Mrs E Lindsay Gerry Black Jede Mulholland Mrs J Forde Mrs I Hewitt Mr P Cloughley Mr Lewis Black Mrs C Balkwill Mr G Mccoo Principal Offiee-bearers Clergy: Cburch Treasurer.. Income Treasurer: Church Warden- Clergy: Church Warden - People: Church Secretary Rectors Glebe Warden Peoples Glebe Warden Rev. Carlton Baxter William Clayton Jede Mulholland Mrs K Maginnis Mrs E Lindsay Jill Ford¢ Meredith Quinn Mr L Black Independent Examiner David Brown SD Brown & Co. 25-27 Edward Street Portadown BT62 3NE Bankers Danske Bank Portadown
St. Saviourgs Parish Church Trustees, Amnual Report for the yegr ended 31sI December 2023 The Trustees present the annual report and Statements of Receipts and Payments and Assets and Liabilities for St. Saviours. Parish Churth. Objectiv&s and Activities The Charitable purpose of the Church of Ireland is in the advancement of religion. The principal fimction of St. Saviour's Parish is to support the advancement of the Christian religion by promotin& 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 fvndamental to the practical delivery of the benefits of Christianity. As a Tesult of activity in the pursuit of the advancement of the Christian religio St. Saviour's Parish has custody of propety and of records. materials and artefacts of significance to the cultural and religious heritage. Maintenance of which is undertaken by the Select Vesty of St. Saviour's Parish. Achievememts, Performance & Public Benefit The Parish has weekly services on Sunday mornings and evenings comprising of a mix of Holy Communion, Family Service/Baptism and Sunday School together with various other special services during the year e.g. Lent Services, Harvest and Christmas Services. Bible Td Fellowship Meetings are held on the 1° & 3 Friday of each month. Pastordl Care is also provided. A range of other activities are also provided by SL 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 Class. St. Saviour's Parish has mitigated any potential harm from the above activities through the implementation of the Church of Ireland Policy on Safeguarding TrusL The Parish has given careful consideTation 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 ]ncome into the Parish from various sources was £74.686 (£75,764-2022) with outgoings of £75,656) (£89,618 -2022) giving a deficit of £970 (deficit of £13,854 2022). The Bank and Cash in Hand BaJan¢e at 31° December 2023 was £85,033 (£86.003 2022). It is the Trustee's Policy to hold sufficient reserves to cover unexpected emergencies, to enbance funds to pay for future maintenance to the Church and grounds and to further the Objectives and Activities ofthe Church of Ireland.
St. Saviour's Parish Church Trustees, Annual Report for the year eDded 31st December 2023 (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 caD continue its activities and the financial statements for the year ended 2023 can be signed off as a going concern. STRUCTURE. GOVERNANCE AND MANAGETrtENT Governillg Document and CoDstitution of the Charity Chapter rji of the COnStitIon of the Church of Ireland governs Parishes and Parochial Organisation. The Sel¢ct Vestry members are the Charity Trustees. Recruitment and Appointment of Select V&stry (frustees) 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 accustorned member5 of the congregation for at least three months, may registe¢ as members of the General Vesty of the Parish, allowing them to attend and vote at meetings of the Generdl Vesty and to stand for election to the Select Vesty. Meeting of the General Vesty are held at least once a year. The Select Vesty is elected as part of this General Vesty meeting. The Select Vesty will hold their positions for a period of one year. Select Vesty members may be re-elected annually and there is no limit on the number of ternis which may be serv. Pay and remunerntion The Rev. Carlton Baxter receives a Stipen office and locomotory allowances in accordance with figures approved by the General Synod of the Church of Ireland in 2023. Organisational Structure The Select Vesty is responsible for tbe day to day management of the Parish. The Select Vesty 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 ¢lected at the General Vesty Meeting. Th¢ Select Vestry is chaired by the 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. Thc Treasurer is responsible for the Current Account and the Building Funds. The Select Vesty meets at times fixed by the members of the Diocesan Synod. SpecÉal meetings may be conv¢ned at any time by the Chairperson or the Church Wardens.
St. Saviour?s Parish Church Trustees? ArAnual Report for the year ended 3151 December 2023 (continued) Compliance Iyith 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 activitiffj as well as providing public benefit. As detailed on page 4 above. Statement of Truste&8' Responsibilities The TTU5tees are responsible for preparing the Trustees, Repo¢ the Statement of Receipts and Payments and Statement of Assets and Liabiltties in accordance with applÉcable law and regulations, The law applicable to charities in Northern Ireland with Income of less than £250,000 requires the Trustees to prepare a Ststement of Receipts and Payments and a Ststement of Ass¢ts and Liabilities for each financial year. The Trustees are responsible for keeping accounting records that are suificient 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 2 Ll t_ Date
St. Saviour's Parish Chllreh Independent Examiners Report to the Trustees of St. Saviourls Parish Church I report on the accounts of the Trust for the year ended 31" December 2023, which are set out on pages 7 to 12. Respeettve responsibilities of charity trustees 2nd examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern hEland) 2008. It is my responsÉbility to: Examine the accounts under section 65 of the Charities Act Follow the procedures laid down in the general Directions given by the Coinmission under section 65(9)(b) of the Charities Act State whether particular rnatters 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 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 rnatters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with section 63 of the Cliarities 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 inforn)ation 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 rnatters (l) to (4) listed above and. in connection with following the Directions ofthe Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. S. D. BROWN F.C.C. CHARTERED CERTIFIED AccouNfANT 25-27 EDWARD STREET PORTADOWN BT62 3NE DATE: 4 June 2024
St. Saviour's Parish Church Receipts and Payments Account for the year ended 31° December 2023 Unrestricted Restricted Funds Funds Total Total 2023 2023 2023 2022 Note Recei Donatlons & plate collertion Collectlon for Thlrd Partles Bank & Deposit Interest Investment Income Rental Proceeds other Receipts Receipts from Parish Organisations Total Recei 50,847 3,475 196 51,247 51,636 3,575 4,537 196 232 loo 2,322 7,030 9,151 2.322 2,224 7,030 7,030 9,151 9,095 1,165 1,010 74,686 75,764 1.165 1,665 73,021 ments Wages and Salaries Diocesan Costs/Assessment Church Running Costs Rectory Running Costs Collections for Third P3rties/Ch3ritsble Donations Adminlstration Costs Shop Insurance Payments from Parlsh Organisations Total Pa ments 3,070 42,965 13,906 2,575 3,070 2.950 42,965 39,358 18,423 29,944 2.575 8,882 4,517 5,478 1,753 522 5,478 1,753 522 4,977 2.632 466 870 870 409 70,269 5,387 75,656 89,618 Excess of Recelpts over Payments for the year before transfers Transfers 2,752 13.7221 (4.739) (970) 113,8541 12.0001 4,739 Excess of Retelpts over Payments for the year 7,491 18,461) (970) {15,8451 On Behalf of the Trustees Trustee I Trustee 2 t)ate:
SL Saviour's Parisb Church Statement of Assets and Liabiliti as at 315t December 2023 Unrestricted Funds 2023 Restrfcted Funds 2023 Endowment Fund5 2023 Total 2023 Totsl 2022 Cash Funds General Account Charity Account Repair Account Graveyard Account Craft cla55 Bible Study Thursday Fellowship sunday School Total Cash Funds 64,931 892 60.978 1,854 15,203 4,147 2,641 116 710 892 11,618 4,215 2.736 11,618 4.215 2.736 641 641 354 86,003 65,823 19,210 85.033 Investment Assets Equity Investments Other Listed Investments Investments in RCB I CIT Unit Trusts 18860 Units of RB General Unit Trust Nl Other unlisted investments 6 acre5 of Agrlcultural land Commercial Shop- Woodhouse Street Total Investment Assets 80.249 80,249 11 75,000 75,000 75,000 21K),000 200,OOD 200,000 275,IXXI 80.249 355,249 352,911 Assets retalned for the Parish's own use Rertory 575,000 575,000 575,000 Total A55et5 retalned lor the Parish's own use Total A%sets 575,01)0 575,000. 575,000 On Behalf of the Trustees Trnstee I Trnstee 2 ou Date: l TiltrL xo 14-.
St. Saviour's Parish Church Notes to the financial statements for the year ended 31st Deeember 2023 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 Aceount 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 retaiDed for the Parishgs oiyn 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 (FRSI 02) 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 infom]ation 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 the Church Grounds and as such is not separable 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 Heritsge assets as defined by the Charities SORP (FRS102). These fixthres 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 information on the cost or valuation is not available and such infomation cannot be obtained at a cost commensurats with the benefit to the users of the accounts and to the parish. (i1} Investments Fixed asset investments comprise 6 acres of agricultural 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. Th¢ commercial shop has been recognised at deemed cost, bcing the value place on it for insurance purposes. Representative Church Body (RCB) investments are initially recorded at cost and are then subsequ¢ntly stated at fair value at each year end date.
SL Saviour's Parish Church Notes to the fiDaneial statements for the year ended 31sI December 2023 (continued) 2. Reconciliation of Cash Funds 2023 2022 Total Cash Funds at Beginning of the Year Receipts for the Year Payments for the Year Transfer to RB Unit Trust Totsl Cash Funds at end of the year 86.003 74,686 (75,656)_ 101,857 75,764 (89,618) 3. Movement in Cash Funds Incomin At 1.1.23 Resou oin Investment Resource Transfer At 31.12.23 oss 31.12.22 Endowm¢nt Funds 80.249 Re5trt ted Funds Repair Account Graveyard Account Craft Cl&%s Bible sdY Thursday Fellowship Sunday School 15203 4.147 2.641 116 710 354 500 4,500 815 (4,085) (432) (4,000) (420) (2) (419) 11,618 4,215 2,736 15,203 4,147 1641 116 710 354 (114) 350 325 Unrestricted Funds Generdl Account Charity Account 60,978 64.786 (64.792) 3.959 780 64,931 892 60,978 Total Cash Funds 86.003 oses of Endowment Funds RCB Investments - These relate to various pernlanent endowments that the Church has received that are invested with the Representative Church Body 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 &ssist with the upkeep of the Church's buildings and for the future cost of building works. Sundry Restricted Funds- Th&se rclate to various restricted funds held for use by Church Clubs. 10
SL Saviour's Parish Church Notes to the financial statements for the year ended 31st December 2023 (continued) 4. Collections for Third Parties Receipts 2023 2022 Earl Haig Fund Easter Appeal Crosslinks Bil)le a month project Bishops Appeal Carol Service Orange Service Ukraine Appeal Hospice Collection Charlenes Project Mothers Union Gery & Willie Fund Raised Poppy Appeal CLC GB Enrolment 183 1.345 53 1215 566 319 346 321 285 1,723 395 36 59 130 485 100 196 348 575 The above amounts have been included in Receipts for the Year under "Collections for Third Parties" and in Payments for the year under"Collections for Third Parties". 5. Church Running Costs 202 2022 Insurance- Church, Hall & Rectory Water Charges- Hall Grounds Maintenance Church & Graveyard LighL Heat & Boiler Service Church & Halls Repairs Fire Extinguisher Service Music Copyright Fire Alami Service Test Lightning Conductorl New Earth Pest Management New Equipmcnt Diocese Youth Grant Church and Hall Expenses Sundries 2.642 200 3JJ2 4,323 4,085 185 574 483 288 136 2,458 91 2,610 2,256 6,212 225 512 495 1,686 136 11,739 180 582 390 The above amounts have been included in Payments for the Year under "Church Running Costs"
St. Saviour's Parish Cburch 6. Rental Proceeds 2023 2022 Land Rental Woodhouse Street Shop Relltsl 450 450 The above amounts have been included in Recelpts for the Year under "Rental Proceeds" 7. Other Receipts 2023 2022 InternmentslHeadstones Kilmore Shared Expenses Re: Rectory Upkeep & Stationery Diocesan Grant Sundries Use of Church Hall Breakfast 4,500 3,050 2,269 3.626 195 1,738 486 095 1,690 692 The above amounts have been included in Receipts for the Year under "Other Receipts" 8. Wages and Salaries 2023 2022 Sexton Organist Pulpit Supply 550 2.400 120 550 2.280 120 The above amounts have been Includ in Payments for the Year under "Wages and Salaries" 12
SL Saviour's Parh Church Colleetions for Third Partieslcharitable Donations 2023 2022 Bishops Appeal Crosslinks Love for Life Ukraine CMS Ireland Hospice Orange Service Charlenes Project Church Arniy The Leprosy Mission SAMS Ireland RUC GC Association Marie Cule Salvation Anny Poppy Appeal Daisy Lodge Church Girls Brigade Church Lads Brigade Brasil 830 53 900 1,985 700 395 285 100 500 485 346 200 700 200 200 700 212 100 200 381 200 173.50 173.50 436 478 The abovc amounts have been included in Payments for the Year under "ColleGtions for Third Parties" 13