Church of the Holy Trinity Armaghbreague Trustees, Annual Report and Statement of Receipts and Payments and Assets and Liabilities st For the year ended 31 December 2023 Charity Number: NIC 104083
Church of the Holy Trinity. Armaghbreague st Annual Report and Financial statements for the year ended 31 December 2023 Contents Pages References and Administrative details of the charity Trustees, Report Independent Examiners report Receipt5 and Payments Account Statement of Assets and Lia bilities Notes to the financial statements 10-12
Church of the Holy Trinity Armaghbreague References and Administrative details Charity Name: Church of the Holy Trinity, Armaghbreague Charity Registration Number: NIC 104083 Contact Address: Joanne Coleman 7 Monaghan Road Newtownhamilton Newry BT35 ODL Trustees: Mr Ronald Herron Mr John Herron Mrs Rachel Herron Mrsjoanne Coleman MrAdrian Coleman Mr Ronald Mc Niece Mrs Denise Mc Niece Mr Alan Warnock Mrs Florence Mc Niece Mr David Mc Niece Mrs Alison Conn Mr Daryl Conn Principal Office Bearers: Church Treasurer- Church Secretary: Churchwarden- Rectorfs: Churchwarden- People's.. Joanne Coleman Alison Conn Ronald Herron Adrian Coleman Independent Examiner: MrAndrew Gilpin FCCA WHR Accountants LTD Independent Examiner 56 English Street, Armagh BT617LG Bankers: Ulster Bank Newry Branch 86 Hill Street Newry BT34 IBT
st Trustees, Annual Report for the year ended 31 December 2023 The Trustees present the annual report and statements of Receipts and Payments and Assets and Liabilitie5 for Church of the Holy Trinity Armaghbreague for the year ended 31, December 2023. Objectives and Activities The Charitable purpose of the Church of Ireland is the advancement of religion. The principal function of the Church of the Holy Trinity Armaghbreague is to support the advancement of the Christian religion by promoting, through the work of the Church of the Holy Trinity Armaghbreague 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, the Church of the Holy Trinity Armaghbreague 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 the Church of the Holy Trinity Armaghbreague. Achievements. Performance & Public Benefit The Church of the Holy TrinityArmaghbreague continued to have Services of Worship held each Sunday at 9.30 am. On Sundays we a150 have our Sunday School. which operates during term time, meeting each week with their Teachers during the 9.30 am Service. The children are also encouraged to take part in the yearly Carol Service. As a Parish we adhere to the Church of Ireland Child Protection Policy Safeguarding Trust, and all of our Leaders have been through Access Nl checks and have attended the appropriate training. 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. Financial Review 2023 The income into the Parish from various sources was £15,891.43, with outgoings of £15,038.32. It is the Trustees Policy to hold sufficient reserves to cover unexpected emergencies; and to build up funds to pay for future maintenance and repairs to the Church and Grounds. Going Concern The Trustees have reviewed the budget5 for the year ahead and are satisfied that there are adequate funds in place to ensure that the Parish can continue its activities; and that the financial statements for the year ended 31, December 2023 can be signed off as a going concern.
Trustees. Annual Report for the year ended 31" December 2023 Icontinued) Structure, Governance and Management Governing Document and Constitution of the Charity Chapter111 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 (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 of the general vestry and to stand for election to the select vestry. Meetings 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 terms which may be served. Pay and remuneration The incumbent of the Parish is normally paid a stipend. locomotory allowance and office expenses in accordance with figure5 approved by the General Synod of the Church of Ireland, but currentlywe have a vacancy. Organisational Structure The select Vestry is responsible forthe day to day management of the Parish. The Select Vestryconsists of a member of the Clergy serving the Parish, the Churchwardens, the Glebewardens and generally not more than twelve other members of the General Vestry elected at the General Vestry. The 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 finance, fabric i.e. building maintenance etc., furnishings and compliance with State church legislation. The Select Vestry meets at time5 fixed by the members, Rural Dean or by the Diocesan Synod. Special meetings may be convened at any time by the Chairperson or the Churchwardens. Compliance with Public Benefit The Parish has given careful consideration to the Charity Commission for Northern Ireland'5 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. 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.
st Trustees, Annual Report for the year ended 31 December 2023 (continued) 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 record5 that are sufficient to show and explain the Parish's transactions and disc105e 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 of detection of fraud and other irregularities. Signed on behalf of the Trustees Trustee I Trustee 2 Date:
Independent Examiners Report to the Trustees of the Church of the Holy Trinity Armaghbreague I report on the accounts of the Trustees for the year ended 31, December 2023, which are set out on pages 8 to 13. Respertive responsibilities of charity trustees and examiner As the charit¢5 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 6519){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 65{9llb) 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 account5 do not accord with those accounting records 3. That the amounts 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 matters111 to141 listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland,. I have found no matters that require drawing to your attention. Name: WHR ACbOUNTANTS LTD Statutory Auditors Audit House 56 English Street Armagh BT617LG Tel." 028 3752 2909 io(k¥l Date:
st Receipts and Payments Account for the year ended 31 December 2023 Unrestricted Funds 2023 Restricted Funds 2023 Endowment Funds 2023 Total 2023 Total 2022 Note Recei Donations & Plate collection Gift Aid Tax recovered Bank & Deposit Interest Other Receipts Special SeNice Collections Collection for a Third Party 9394.28 1203.32 2895.10 2049.03 229.70 120.00 9394.28 29622.70 1045.25 1311.11 0.00 278.90 55.00 1203.32 2895.10 2049.03 229.70 120.00 li Total Recei ts 15,891.43 15,891.43 32.312.96 Pa ments Diocesan Costs / Assessment Church Running Costs Church Insurance Glebe Costs Gift Aid Expenses Charitable Donations WHR Accountants 9278.97 3442.02 684.30 862.74 105.29 520.00 145.00 9278.97 3442.02 684.30 862.74 105.29 520.00 145.00 8404.07 3893.32 686.14 935.52 91.46 455.00 145.00 io Total Pa ments 15.038.32 15.038.32 14.610.51 Excess of Receipts over Payments for the year before transfers 853.11 853.11 17,702.45 Signed on behalf of the Trustees Trustee I Trustee 2 Date: ID.Ib¥-
st Statement of Assets and Liabilities as at 31 December 2023 Unrestricted Funds 2023 Restricted Funds 2023 Endowment Funds 2023 Total 2023 Total 2022 Cash Funds Current Accounts Deposit Accounts Total Cash Funds 56,436.22 56.436.22 55,583.11 56,436.22 56,436.22 55,583.11 Investment Assets Equity Investments Other Listed Investments Investments in RCBICIT Unit Trusts Other unlisted investments Investment Properties Total Investment As5etS £66,216.64 £66,216.64 £66,216.64 £66,216.64 £66,216.64 £66,216.64 Assets retained for the Parish's own use Parish Centre Glebe House Heritage Heritage Heritage Heritage Heritage Heritage Fixtures and Fittings Total Assets retained for the Parish's own use
l. 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 Accounts 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: Church Building and Graveyard Fixtures and Fittings Shared Rectory The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS1021 These Heritage assets are not included in the statement of assets and liabilities as information 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. Fixtures and Fittings are deemed to be Heritage assets as defined by the Charities SORP IFRS102). 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 lia bilities as information 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 Rectory usage is shared between the Parishes of Keady, Derrynoose, Armaghbreague and Newtownhamilton, however Keady Parish maintain ownership of this property and as a result this building is not recognised in the Parish statement of assets and liabilities. (li) Investments Other listed investments are National savings Income Bonds and British Government Stocks. 2. Reconciliation of Cash Funds Total Cash Funds at Beginning of the Year Receipt5 for the Year Payments for the Year Total Cash Funds at end of the Year 55,583.11 15,891.43 15 038.32 56 436.22 io
- Collection forThird Parties 2023 2022 Hospice Appeal 120.00 120.00 55.00 55.00 The above amounts have been included in Receipts for the Year under 'Collections for Third Parties, and in Payments for the year under'Payments for Third Parties,.
- Transactions with the Trustees Mr Graham Brown, Trustee received a payment of £760.00 for the provision of musical services as Organist of the Parish. Mrs Florence Mc Niece, Trustee received a payment of £500.00 for services as Sexton to the Parish. The above amounts have been included in Payments for the Year under 'Church Running Costs.,
- Governance Costs WHR Accountants received £145.00 for review of accounts for the 2023 year.
- Church Running Costs 2023 2022 Electricity Water Sexton Fees Organist Fees Grass Cutting Fee5 Ulster Gazette Heating Oil Fire Protection Maintenance Relief Ministers Sunday School Items Lightbulbs Paper & Toner Mothering Sunday Flowers Percentage of Bus Hire {Sunday School Outing) 86.01 101.13 500.00 840.00 500.00 124.95 770.00 70.83 221.10 74.96 53.04 0.00 0.00 loo.00 3,442.02 225.75 91.50 500.00 950.00 500.00 131.25 782.78 116.40 292.83 211.87 52.26 26.68 12.00 0.00 3,893.32 The above amounts have been included in Payments for the year under'church Running Costs,.
- Other Receipts 2023 2022 Donation Fundraising Donation in Memory of Deceased Parishioners Banking Error Energy Bill Support Scheme 10.00 524.00 915.00 0.03 600.00 2,049.03 0.00 0.00 0.00 0.00 0.00 0.00 li
The above amounts have been included in Receipts for the Year under 'Other Receipts, and 'Gift Aid Tax recovered,. 8. Special Service Collection 2023 2022 Easter Harvest Christmas 56.50 131.20 42.00 229.70 51.00 124.70 103.20 278.90 The above amounts have been included in Receipts for the Year under'special Service Collection,. 9. Glebe Costs 2023 2022 862.74 935.52 The above amounts have been included in Payments for the Year under'Glebe Costs,. The Rectory is shared between the Parishes of Keady, Derrynoose, Armaghbreague and Newtownhamilton with Keady Parish maintaining ownership of this property, Holy Trinity Armaghbreague pay 601520 of the Glebe costs. 10. Charitable Donations 2023 2022 Care International Christian Aid Southern Area Hospice Rector in a Tractor Youth Council loo.00 100.00 220.00 0.00 loo.00 520.00 loo.00 loo.00 155.00 50.00 50.00 455.00 The above amounts have been included in Payments for the Year under'charitable Donations,. 11. Bank & Deposit Interest 2023 2022 Income Bonds Government Stocks Current Account 1361.05 901.70 632.35 2,895.10 355.26 901.70 54.15 1,311.11 The above amounts have been included in Receipts for the Year under'Bank & Deposit Interest,. 12