St. Saviour's Parish Church Annual Accounts 2024
ST. SAVIOUR'S PARtSH CHURCH ANNUAL REPORT & FINANICIAL STATEMENTS FOR THE YEAR ENDED 31sr DECEMBER 2024 Contents Pages References and administrative details of the Charity TTUStees' Report Independent Examiners Report lo the Trustees Receipis and Payments Account Statement of Assets and Liabilities Notes to the Financial Statements 9-13
ST. SAVIOUR'S PARISH CHURCH Referenc&% and administrative details Charity Name: St. Saviour's Parish Church Charity Registration Number: NIC104045 Contact Address: l O I Drumnasoo Road Portadown BT62 4EX Trustees Mr E Reid Robert Hobson Denese Wright Mrs S Clayton William Clayton Meredith Quinn Mrs K Maginnis Mrs E Lindsay Gery Black Jede Mulholland Mrs J Forde Mrs l Hewitt Mr P Cloughley Mr Lewis Black Mrs C Balkwill Mr G Mccoo Principal oifice-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 Jede Mulholland Mr G Mccoo bArs S Clayton Jill Forde Mr G Black Mr L Black Independent Examiner David Brown SD Brown & Co. 25-27 Edwwd Streel Portadown BT62 3NE Banker5 Danske Bank Portadown
St. Saviour's Parish Church Trustees, Annual Report for the year ended 315( December 2024 The Trustees present the annual report and Ststernents 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 rel igion. Thc principal function of Sl. Saviour's Parish is to support the advancement of the Christian religion by promoting, through the work of St. Saviour's Parish, the wholc 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. 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, Performance & Public Benefit The Parish has weekly services on Sunday mornings and evenings comprising of a mix of Holy Communion, Fami ly serviCeaptISM and Sunday School together with various other special services during the year e.g. Lent Services, Harvest and Christmas Services. Bible Fellowship Me¢tings are held on the 1° & 3, Friday of each month. Pasloral 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 Crafi Class. St. Saviour's Parish has mitigaled any potential harnj from the above activities through the implementation of the Church of Ireland Policy on Safeguarding Trust. The Parish has given carefvl consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure thai the activities entered into during the year have helped lo achieve both the Parish's objectives and the implementation of public benefit. Financial Review The Jncome into the Parish from various sources was £80,670 (£74,686-2023) with outgoings of £88,332) (£75,656 -2023) giving a deficil of £7,662 (deficit of £970 2023). The Bank and Cash in Hand Balance at 31" December 2024 was £77,371 (£85,003 2023). It is the Trustee's Policy to hold sufficient reserves to cover unexpected emergencies, to enhance fvnds 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, Annval Report for the year ended 315t December 2024 (continued) Going Concern The Trustees have reviewed the budgets for the year ahead and are satisfied thal there are adequate fvnds in place to ensure that the Parish can continue its activities and the financial statements for the year ended 2024 can be signed off as a going concern. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document and Constitution of tbe Charity Chapter III of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees. Recruitment and Appointment of Select Vestry (frustees) All members of the Church of Ireland who are over the age of l 8 and are either resident within the Parish or live elsewhere but have been accustomed members of the congregation for at least three months, may regisler as members of the General Vesty 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 Vesty will hold their positions for a period of one year. Select Vestry members may be re-elected annually and there is no limil on the number of ternis which may be served. Pay and remuneration The Rev. Carlton Baxter receives a stipend, office and locomotoj), allowances in accordance with fjgures approved by the General Synod of the Church of Ireland in 2024. Organisational Structure The Select Vesty is responsible for the day to day management of the PaTish. 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 Vesty Meeting. The Select Vestry is chaired by the member of the Clergy officiating in the Parish. Select Vcstry members are responsible for tnaking decisions on mailers of general concern and importance to the parish including deciding how Parish funds are to be applied. The Treasurer is responsible for the Current Account and the Building Funds. The Select Vestry meels at times 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 Chureh Trustees, Annual Report for the year ended 31st December 2024 (eontinued) Compliance with Public Benefit The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidancc on public benefit to ensure that the activities entered inlo during the year have helped to achieve the Parish's objectives and activities, as w¢ll as providing public benefit. As detailed on page 4 above. Statement of Trustees, ResponsibilAties The Trustees are responsible for preparing the Trustees, Repor4 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 lo 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 Behaifof the Trustees Trustee I Trustee 2 Date 18/5 202
St. Saviour's Parish Chureh Independent Examiners Report to the Trustees of Sl. Saviour's Parish Church I report on the accounts of the Trust for the year ended 31 December 2024, which are sel 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 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 DiTections given by the Commission under section 65(9)(b) of ihe 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 oul 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 compari50n of the accounts presented H'ith those records. li 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 noi 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 fvrther infonnation 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 respecl of the matters ( l ) to (4) listed above and, in connection with folloiving the Directions of the Charity Comm ission for Northern Ireland, I have found no matters thal require drawing to your attention. S. D. BROWN F.C.C.A. CHARTERED CERTIFIED ACCOUNTANT 25-27 EDWARD STREET PORTADOIVN BT62 3NE DATE:
St. Saviour's Parish Church Receipts and Payments Account for the year ended 31" December 2024 Unrestricted Restricted Funds Funds Total Total 2024 2024 2024 2023 Note Recei Donations & plate collettion Collettion forThird Parties 57,136 2,816 188 57,136 2,916 188 51,247 3,575 196 100 Bank & Deposit Interest Investment Income Rental Proceeds 2,519 7.030 5,366 2,519 7,030 9,512 1,369 80,670 2,322 7,030 9,151 1,165 74,686 Other Receipt5 Receipts from Parish Organisations Total Recel 4,146 1,369 5,615 75,055 Pa ments Wages 3nd Salaries Diocesan Costs/Assessment Church Running Costs Rectory Running Costs Collections for Third Partles/Charitable Donations Administration Costs Shop Insurance Payments from Parish Organisations Total Pa ments 3,076 46,261 17.619 6,750 3,076 46,261 23,586 7,604 3,070 42,965 18,423 2,575 5.967 854 4,806 1,648 513 25 4,831 1,715 513 5,478 1,753 522 67 746 746 870 80,673 7,659 88,332 75,656 Excess ol Receipts over Payments for the year before transfers Transfers 15.6181 {2,0441 (1,475) 17,6621 1970) 1,475 Excess of Recelpts over Payments for the year {4,143) {3,519) 17,6621 19701 On Behalf of the Trustees Trustee I Trustee 2 Date:
St. Saviour's Parish Church Statement of Assets and Liabilities as at 315t December 2024 Unrestrlcted Funds 2024 RestTicted Funds 2024 Endowment Funds 2024 Total 2024 Total 2023 Cash Funds General Account Charity Account Repair Account Graveyard Account Craft Class Thursday Fellowshlp Total Cash Funds 60,317 1,363 60,317 1,363 11,230 1,028 2,600 833 77,371 64,931 892 11,618 4,215 2,736 641 85,033 11,230 1,028 2,600 833 15,691 61,680 Investment Assets Equity Investments Other Listed Investment5 Investments in RCB / CIT Unit Trusts 18860 Units of RB General Unit Trust Nl Other unlisted investments 6 acres of Agricultural land Commercial Shop- Woodhouse Street Total Investment Asset5 81,739 81,739 80,249 75,000 75,000 75,000 200,000 200,000 200,000 275,OlXI 81,739 356,739 355,249 Assets retained for the Parlsh's own use Rectory 575,000 575,000 575,000 Total Assets retained for the Parlsh's own use 575,000 575,000 575,000 Total Assets 911 00 iio 82 On Behalf of the Trustees Trustee I 0% Trustee 2 Date: 20S"
St. Saviour's Parish Chu rch Notes to the financial statements for the year ended 31st December 2024 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 Accounl 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 R¢ctory Fixtures and Fittings The Church Building and Graveyard are deemed to be Heritage assets as d¢fined by the Charities SORP (FRS102) These Heritage assets are not included in the statement of assets and liabilities as infonnation 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. The Church Hall is in the Church Grounds and as such is nol separable as an asset. As such it is deemed to be a Heritage asset and no value is ascribed to il 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 usefvl 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 purposcs. Heritage assets are not included in the statement of assets and liabilities as infomiation on the cost or valuation is not available and such infonnation 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 agricultural land, a commercial shop in Woodhouse Street, Portadomin and investmenl in RCB/CIT Unit Trusts. Th¢ 6 acres of agricultural land has been valued using a markel value of £12.5001acre. The commercial shop has been recognised at deemed cost. 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. Saviour's Parish Church Notes to the financial slatemeDts for the year eDded 31st December 2024 (continued) 2. Reconciliation of Cash Fullds 2024 2023 Total Cash Funds at Beginning of the Year Receipts for the Year Payments for the Year Total Cash Funds at end of the year 85,003 80,670 86,003 74,686 3. Movement in Cash Funds Incomin oin At 1.1.24 Resources Resource Transfer Investment Gain oss At31.12.24 31.12.23 Endowmenl Funds Restricted Funds Repair Account Graveyard Accounl Craft Class Thursday Fellowship 11,618 4,215 2,736 641 1,946 2,300 874 495 (2,334) (4,487) (1,000) {560) (450) 78 25 11,230 1,028 2,600 833 1,618 4,215 2,736 641 Unrestricted Funds Genera] Account Charity Account 72,239 (78,573) 1,720 245 60.317 64,931 892 892 Total Cash Funds 165 282 88 32 159110 165 282 oses of Endowment Funds RCB Investments - These relate to various pern)anent 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 assist with the upkeep of the Church's buildings and for the future cost of building works. Sundry Restricted Funds - These relate lo various restricted funds held for use by Church Clubs. 10
St. Saviour's Parish Church Notes to the financial statements for the year ended 31sI Decejnber 2024 (continued) 4. Collections for Third Parties Receipts 2024 2023 Easter Appeal Leprosy Mission Bishops Appeal Carol Service Orange Service Hospice Collection Gerry & Willie Fund Raised Poppy Appeal CLC GB Enrolment 1,185 93 1,215 566 319 346 485 100 196 348 395 312 595 100 119 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 RunniDg Costs 2024 2023 Insurance - Church, Hall & Rectory Water Charges - Hall Grounds Maintenance Church & Graveyard Light, Heat & Boiler Service Church & Halls Repairs Fire Extinguisher Service Music Copyright Fire Alarn) Service Test Lightning Conductor/ New Earth Pest Management Diocese Youth Grant Church and Hal l Expenses Sundries 2,773 245 8,057 6.140 3,492 2.642 200 3,312 4,323 4,085 185 574 483 288 136 180 582 605 782 300 136 1.056 The above amounts have been included in Paymenls for the Year under "Church RunnÉng Costs"
St. Saviour's Parish Church 6. Rental Proceeds 2024 2023 Land Rental Woodhouse Street Shop Rental 450 450 030 The above amounts have been included in Receipts for the Year under "Rental Proceeds" 7. Other Receipts 2024 2023 Internments/H¢adstones Kilmore Shared Expenses Re: Rectory Upkeep & Stationery Concert Sundries Use of Church Hall Breakfast 2.300 4,500 3.237 1,830 535 1,150 460 512 2,269 1,690 692 151 The above amounts have been included in Receipts foi the Year under "Other Receipts" 8. Wages and Salaries 2024 2023 Sexton Organist Pulpit Supply 550 2,400 126 550 2,400 120 The above amounts have been included in Payments for the Year under "Wages and Salaries" 12
St. Saviour's Parish Church Collections for Third Partieslcharitable Donations 2024 2023 Bishops Appeal Crosslinks Love for Life SOMA 100 Derryhale Primary School Collection & Screens 2,606 Hospice 595 Orange Service 312 Charlenes Project Church Arn]y The Leprosy Mission SAMS Ireland RUC GC Association Air Ambulance Salvation Anny Poppy Appeal Daisy Lodge Church Girls Brigade Church Lads Brigade Brasil 830 53 900 485 346 200 700 200 200 500 100 355 25 200 381 200 173.50 173.50 436 120 59 59 The above amounts have been included in Payments for the Year under "Collections for Third Parties" 13