Termonmaguirke Parish Church Trustees, Annual Report and Statement of Receipts and Payments and Assets and Liabilities For the year ended 31 December 2022 Charity Number: NIC104221
Termonmaguirke Parish Church Annual report and financial statements for the year ended 31 December 2022 Contents Pages References and administrative detalls of the Charity Trustees, report Independent Examiners Report to the Trustees Receipts and payments account Statement of assets and liabilities 10 Notes to the financial statements 11-13 Page 2
Termonmaguirke Parish Church References and administrative details Charity Name: Termonmaguirke Church of Ireland Charity Registration Number: NIC104221 Contact Address: The Rectory 104 Cooley Road Sixmilecross Co Tyrone BT79 9DH Trustees Rev Alan Barr Mrs Violet Dickson Mrs June Graham Mrs Edith Hadden Mrs Jean Hall Mr Richard Hall Mrs Sadie Hall Mr Stanley Hall Mr Trevor Mcclean Mr William Mcclean Mr Alexander McElmurray Mrs Caroline O'connor Mrs Muriel Smith Mr David Wilson Mr Glenn Wilson Principal Office-bearers Clergy: Church Treasurer: Church Warden-clergy: Church Warden-People: Rev Alan Barr Mrs Caroline O'connor Mrs Violet Dickson Mr Stanley Hall Independent Examiner Frances Hart FCA 68A Reaghan Road Omagh Co Tyrone Bankers Danske Bank Business Banking Donegal Square West Belfast BTI 6JS Page 3
Termonmaguirke Parish Church Trustees, Annual Report for the year ended 31 December 2022 The trustees present the annual report and statements of Receipts and Payments and Assets and Liabilities for Termonmaguirke Parish Church for the year ended 31 December 2022. Objertives and Artivities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of Termonmaguirke Church of Ireland Parish is to support the advancement of the Christian religion by promoting the work of Termonmaguirke Parish Church 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, Termonmaguirke Church of Ireland Parish 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 Termonmaguirke Church of Ireland Parish. Achievements, Performance & Public Benefit The main activities undertaken by the parish to carry out its charitable purposes for the public benefit and the main achievements during the year are as follows: Sunday Worship Services of Christian worship were held every Sunday at 12 noon. Times change to 9.30am in July and 11.00am in August. Services of Holy Communion, Morning Prayer and Family service take place every month. When there is a fifth Sunday in the month there is a service of Wholeness and Healing. Sunday School takes place at 10.30, in the Church Hall. This is a change of venue from previous years as the Sunday school is under new Leadership after the break due to COVID. Sunday school meets during school term time. There is no Sunday school during family service Pastoral visiting Visits to Hospitals and to parishioners at home are available on request. Most Hospitals and Nursing home are now open to visits, though some still require 3 phone call to make an appointment, School contarts The Rector carries out school assemblies in Cooley Primary School, Sixmilecross on a roughly monthly basis, during school term. Baptisms. Weddings and Funerals There was I Wedding, 2 Funerals and two Baptlsms in 2022. We had 10 children from Termonmaguirke confirmed at the end of May, this was a big occasion for the parish as there where no Confirmations during COVID. Bible Study After a break due to the pandemic we held a bible Study during Advent 2022. This was held on Wednesday evenings alternating between Sixmilecross and Termonmaguirke parish halls. It was well attended. We plan to have further Bible Studies next year using a similar pattern. Page 4
Termonmaguirke Parish Church Trustees. Annual Report for the year ended 31 December 2022 Achievements, Performance & Public Benefit cont'd Drop in After a break due to the pandemic we restarted our Wednesday Morning Drop-in. It has been well attended by up to 14 people per meeting. We have tea and snacks and chat. There is no formal programme and the mostly retired members seem to enjoy this informal approach. Mission artivity The parish continues to support Cross-links Mission agency. We have a link with Andrew and Eunice Moody who work in Uganda supporting the Church across the border in South Sudan. We also support a local young person, Andrew Livingstone who is now working in 3 Baptist run Youth and Conference centre in France. We support several local good causes such as a food bank in Omagh and Children's charity'5 Wlth food collections and toy collections at Christmas. Up Keep of grounds and buildings A team from the parish, under the supervision of the Glebe wardens take care of grass cutting, hedge trimming etc. Rectory The grounds of the rectory are malntained by a professional garden maintenance company. The Rectory is in good condition. Hall- Good Condition. Church - Good condition. We now have a new,modern, toilet with disabled access and hot water which will greatly improve access to the 19th Century Church, the graves in the adjacent churchyard and our services and events. Chlld Protection. The parish follows the Church of 5reland child protection policy, Safeguarding Trust. Financial Review As of December 2022, the parish is in a good posltion, free from debt and with a balance of £25,296 in the general account and £23,813 in the fabric account. The trustees hold reserves In the general account to ensure that obligations to the RCB and everyday running costs can be met. The fabric account is maintained to cover maintenance costs of the grounds and buildings. With historic buildings it is necessary to make provision for eventual substantial maintenance costs, particularly for our 19th Century Church Building. 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 December 2022 can be signed off as a going concern. Page 5
Termonmaguirke Parish Church Trustees, Annual Report for the year ended 31 December 2022 Structure, Governance and Management Governing Documentation and Constitution of the Chority Chapter111 of the Constitution of the Church of Ireland governs Parishes and Pariochial Organisations. The Select Vestry members are the Charity Trustees. Recruitment and Appointment of Selert Vestry (Trusteesj 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 gener31 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. Organisational Structure The select vestry is responsible for the day to day management of the parish. The select vestry consists of the member of the clergy serving in the parish, the churchwardens, the glebe wardens and generally not more than twelve other members of the general vestry elected at the Gerneral Vestry. The select vestry is chaired by the incumbent or other 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. The select vestry meets at times fixed by the members or by the diocesan synod. Special meetings may be convened at any time by the chairperson or the churchwardens. Pay and remuneration The incumbent of the parish is paid a stipend, locomotory allowance and office expenses in accordance with figures approved by the general synod of the Church of Ireland. Complionce 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. Page 6
Termonmaguirke Parish Church Trustees, Annual Report for the year ended 31 December 2022 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 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 laibilities 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 I Trustee 2 Date 28th March 2023 Page 7
Termonmaguirke Parish Church Independent examinerfs report to the charity trustees of Termonmaguirke Parish Church I report on the accounts of the Trust for the year ended 31 Decemeber 2022, which are set out on pages 9 to 13. Respective responslbilities of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charitie5 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}Ibl of the Charities Act State whether particular matters have come to my attention. Basis of independent examinerfs 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 6519llbl 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: 11 That accounting records were not kept in accordance with section 63 of the Charities Act 21 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 examinerfs statement I have completed my examination and have no concerns in respect of the matters11) to14) 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. Frances Hart FCA Chartered Accountant 68A Reaghan Road Omagh Co Tyrone BT79 7TQ 28th March 2023 Page 8
Termonmaguirke Parish Church Receipts and Payments Account for the year ended 31 December 2022 Unrestricted Restricted Endowment Funds Funds Funds 2022 2022 2022 Total 2022 Total 2021 Note Receipts Donations & plate collection Proceeds from Fund Raising Events Tax recovered on donations Bank & Deposit interest Investment Income Rental of premises Other Receipts Other donations Receipts from Parish Organisation's 25,254 1,202 26,456 23,884 312 4,101 34 103 4,360 29 81 4,360 58 81 29 45 589 200 286 634 200 286 3,169 500 Total Receipts 29,769 2,313 32,082 32,103 Payments Diocesan Costs/Assessment Church Running Costs Glebe Costs Church Hall Costs Sextons House Costs Administration Costs Fundraising Costs Charitable Donations Payments from Parish Organisation's 16,226 4,948 3,080 1,453 533 882 16,226 4,948 3,080 1,453 533 938 17,823 5,072 641 358 420 56 160 1,168 772 1,328 772 649 Total Payments 27,282 1,996 29,278 24,963 Excess of Receipts over Payments for the year before transfers 2,487 317 2,804 7,140 Transfers Excess of Receipts over Payments for the year 2,487 317 2,804 7,140 On Behalf of the Trustees Trustee I Trustee 2 Page 9
Termonmaguirke Parish Church Statement of Assets and Liabilitie5 as at 31 December 2022 Unrestricted Restrirted Endowment Funds Funds Funds 2022 2022 2022 Total 2022 Total 2021 Cash Funds Current Accounts Deposit Accounts Total Cash Funds 25,296 886 23,813 24.699 26,182 23,813 49,995 24,196 22,995 47,191 25,296 Investment Assets Investments in RCB Total Investment Assets 739 739 739 739 843 843 Assets retained for the Parish's own use Church Hall Glebe House (40%} Sextons House Caretakers House Total assets retained for the Parish's own use 267,652 370,364 163,468 127,936 267,652 370,364 163,468 127,936 929,420 929,420 On Behalf of the Trustees Trustee I Trustee 2 Page 10
Termonmaguirke Parish Church Notes to the financial statements for the year ended 31 December 2022 Accounting policles Set out below are the principal accounting policies which have been adopted in the compiliation 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 Parlsh's own use The assets of the Parish, retained for its own use comprise:_ Church Building and Graveyard Church Hall Glebe House {40%) - Sextons House Caretakers House The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP IFRS1021. 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 commensumerate with the benefit to the users of the accounts and to the parish. Glebe House The Parish owns 40% of the Glebe House which is recognised at deemed cost {40% insured value), being the estimated fair value of the property at 31st December 2022. No depreciation has been provided on this buildings as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. Church Hall, Sextons House and Caretakers House These assets are recognised at deemed cost (insured value), being the estimated fair value of the properties at 31st December 2022. No depreciation has been provided on these buildings as the current estimated residual values are not less than their carrying values and the remaining useful lives currently exceed So years. lil) Investments Fixed asset investments which comprise of investments in RCB are initially recorded at cost and are then subsequently stated at fair value at each year end date. Page 11
Termonmaguirke Parish Church Notes to the financial statements for the year ended 31 December 2022 Reconciliation of Cash Funds Total Cash funds at Beginning of the year Receipts for the Year Payments for the Year Total Cash funds at end of the year 47,191 32,082 129,278) 49,995 Movement in Funds Incoming Outgoing At l Jan 2022 Resourses Resourses Transfers 31 Dec 2022 Restricted funds Sunday School Fund Missionary Fund Repair Fund 1,305 82 22,995 24,382 286 1,209 818 2,313 {7721 11,2241 819 67 23,813 24,699 11,9961 Unrestricted funds General Fund 22,809 29,769 127,2821 25,296 47,191 32,082 129,2781 49,995 Purposes of Restricted Funds Sunday School Fund - The Trustees have set aside funds for use by the Sunday School. Missionary Fund The Trustees have set aside funds from special collections for Charltable Donations. Repair Fund - The Trustees have set aside funds for the maintenance of the church properties. Collertions for Third Parties 2022 2021 Tyrone Protestant Orphan Society The above amounts have been included in Receipts for the year under Donation and plate collections and in Payments for the year under Charitable Donations. Page 12
Termonmaguirke Parish Church Notes to the financial statements for the year ended 31 December 2022 Transactions with the Trustees The parish paid expenses of £3,080 relating to the running costs of the glebe house which is occupied by the rector. It also paid expenses of £533 relating to the running costs of the sextons house which is occupied by a trustee, Mrs M Smith. Mrs M Smith also received £200 during the year in relation to Church cleaning and maintenance. Governance Costs No Governance costs were incurred during the year as the independent examiner provided the service free of charge. Page 13