Termonmaguirke Parish Church Trustees, Annual Report and Statement of Receipts and Payments and Assets and Liabilltles For the year ended 31 December 2024 Charity Number . NIC104221
Termonmaguirke Parish Church Annual report and flnancial statement5 for the year ended 31 December 2024 Contents Pages References and administrative detai15 of the Charity Trustees, report Independent Examiners Report to the Trustees Receipts and payments account Statement of assets and liabilities 10 Notes to the financlal statements 11-13 Page 2
Termonmaguirke Parish Church References and admlnlstratlve 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 Mr Ivor Clements Mis Violet Dickson Mrsjune 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 Princlpal Offi¢e-bearers Clergv.. Church Treasurer: Church Warden-clergy: Church Warden.People'. Rev Alan Barr Mr5 Caroline O'connor Mr Ivor Clements Mr Stanley Hall Independent Examlner Frances Hart FCA 68A Reaghan Road Omagh Co Tyrone Bankers Danske Bank Business Banking Donegal Square West Belfast BTI 6JS Page 3
Termonmagulrke Parish Church Trustees, Annual Report for the year ended 310ecember 2024 The trustees present the annual report and statements of Receipts and Payments and Assets and Liabilities for Termonma8uirke Parish Church for the year ended 31 December 2024. Oble¢tlves and Actlvltles The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of Termonma8uirke Church of Ireland Parish is to support the advancement of the Christian reli8lon by promoting the work of Termonma8uirke 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 Parlsh has custody of property and of records, materials and artefacts of signif icance to the cultural and reli8ious heritage and maintenance of which is undertaken by the select vestry of Termonmaguirke Church of Ireland Parish. Achlevements, Performance & Publlc 8enefit The rnain activities undertaken by the parish to carry out its charitable purposes for the public benefit and the main achievements durin8 the year are as follows: Sunday Worshlp Services of Chrlstlan worship were held every Sunday at 12 noon. Times change to 9.30am in July and 11.00am in Au8USt. 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. Sunday School meets during school term time. There is no Sunday School during family service. Pastoral vlsltln8 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 a phone call to make an appointment. School Contacts The Rector carries out school assemblies in Cooley Primary School, Sixmilecross on a roughly monthly basis, durin8 school term. Baptism5, Weddings and Funera15 There were two Funerals and one Baptism in 2024. There was no comfirmation this year. 81ble Study A Bible Study was held during Lent. This was held on Wednesday evening5 alternating between Sixmilecross and Termonmaguirke parish halls. It was, as in previous years, well attended. Pa8e 4
Termonmagulike Parish Church Trustees. Annual Report for the year ended 31 December 2024 Achlevements, Performance & Public Beneflt cont'd Drop In The Wednesday morning drop-in has continued throughout the yeai. 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 actlvity 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 a Baptist run Youth and Conference centre In France. We support several local Bood causes such as a food bank In Omagh and Children's charity's with food collections and toy collections at Christmas. Up Keep of ground5 and bulldlngs A team from the parish, under the supervlsion of the Glebe wardens take care of grass cuttin& hedge trimming etc. • Rectory - The 8rounds of the rectory are maintained by a professional garden maintenance company. The Rectory Is In good condition. Hall- Good Condltlon. Church - Good condition. We now have a new, modern, toilet wlth disabled access and hot water which wlll greatly improve access to the 19th Century Church, the grave5 in the adjacent churchyard and our sepiices and events. Chlld Protectlon. The parlsh follows the Church of Ireland chlld protection policyi Safeguarding Trust. Flnanclal Revlew As of December 2024, the parish is in a good position, free from debt and with a balance of £32,681 in the general account and £5,097 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 8rounds and buildings. With historic buildings it is necessary to make provision for eventual substantial maintenance COSts, particularly for our 19th Century Church Building, Golng 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 it5 activities and the financial statements for the year ended 31 December 2024 can be signed off as a going concern. Page S
Termonmagulrke Parish Church Trustees, Annual Report for the year ended 31 December 2024 Structure, Governance and Management Governing Documentatlon and Constltutlon of the Charity Chapter 111 of the Constitution of the Church of Ireland governs Parishes and Pariochial Organisations. The Select Vestry members are the Charity Trustees. Re¢rultment ondAppolntment of Select Vestry (Trusteesj The select vestry is recruited and appointed at the Annual Easter Vestry accordin8 to the rules of the Church of Ireland. Orqanisatlonal 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 decidin8 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 remuneratlon The incumbent of the parish is paid a stipend, locomotory allowance and off ice expenses in accordance with figures approved by the general Synod of the Church of Ireland. Compllance wlth Publlc Beneflt The Parish has 85ven careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities entered into durin8 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 2024 Statement of Trustees, ResponslbilitSes The trustees are responsible for preparin8 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 keepln8 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 safeguardin8 the assets of the Parish and hence for taking reasonable steps for the prevention and detection of fraud and other irre8ularities. Sl8ned on Behalf of the Trustees Trustee I Trustee 2 Date 9th April 2025 Page 7
Termonmaguirke Parish Church Independent examinees report to the charlty trustees of Termonmaguirke Parlsh Church I report on the accounts of the Trust for the year ended 31 Decemeber 2024, which are set out on pages 9 to 13. Respectlve responsibllltles of charlty trustees and examlner As the charit$ 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 sectSon 65 of the Charities Act follow the procedures laid down in the general Directions given by the Commission under section 65191(bl of the Charities Act state whether particular matters have come to my attention. 8asls of Independent examlnerfs report I have examined your charity accounts as required under sertion 65 of the Charlties 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 revlew of the accounting records kept by the charity and a comparison of the accounts presented wlth those records. It also included conslderation of any unusual item5 or disclosures In the accounts, and seekin8 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 21 That the account5 do not accord with those accounting records 31 That the accounts do not comply with the accountin8 requirements of the Charitles Act 4) That there is further information needed for a proper understanding of the accounts to be reached. Independent examlnerfs statement I have completed my examination and have no concerns in respect of the matters {1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawin8 to your attention. Frances Hart FCA Chartered Accountant 68A Rea8han Road Omagh Co Tyrone BT79 7TQ 9th April 2025 Page 8
Termonmaguirke Parish Church Recelpts and Payments Account for the year ended 31 December 2024 Unrestrlrted Restrleted Endowment Funds Funds Funds 2024 2024 2024 Total 2024 Total 2023 Note Recelpts Donations & plate collection Proceeds from Fund Raisin8 Events Tax recovered on donations eank & Deposit interest Investment Income Energy bi115 SUPPOrt scheme Other Receipts Other donations Receipts from Parish Organisatlon's 27,216 1,472 28,688 28,004 204 4,808 191 81 1,800 3,736 370 1,035 5,187 165 86 5,187 263 86 98 1,74S loo 2,236 1,745 loo 2,236 Total Recelpts 32,654 5,656 38,310 40,229 Payment5 Diocesan Costs/Assessment Church Running Costs Glebe Costs Church Hall Costs Sextons House Costs Administration Costs Fundraising Costs Charitable Donations Payments from Parish Or8anisation's 17,869 10.224 1,592 1,442 1,481 411 17,869 10,224 1,592 1,442 1,481 488 17,355 6,752 2,823 1,206 659 469 77 S2 2,915 326 2,967 326 1.273 385 Total Payment5 33,071 3,318 36,389 30,922 Excess of Recelpts over Payments for the year before transfers (417) 2,338 1,921 9.307 Transfers 3.795 (3,79S ) Excess of Recelpts over Payments for the year 3,378 11,457 } 1,921 9,307 On Behalf of the Trustees Trustee I Trustee 2 Page 9
Termonmaguirke Parish Church 5tstement Of Assets and Llabllltles a5 at 31 December 2024 Unre5trkted Restrlcted Endowment Funds Funds Funds 2024 2024 2024 Total 2024 Total 2023 Cash Funds Current Accounts Deposit Accounts Cash in Hand Total Cash Funds 32,681 1,915 5,097 61 7,073 34,596 5.097 61 39,754 30,751 6,977 107 37,83S 32,681 Investment Assets Investments in RCB Total Investment Assets 773 773 773 773 773 773 Assets retalned for the Par15h's own use Church Hall Glebe House140%) Sextons House Caretakers House Church Toilet Total assets retalned for the Parlsh's own use 267.652 370,364 163,468 127,936 21,467 267,652 370,364 163,468 127,936 21,467 950,887 950,887 On Behalf of the Trustees Trustee I Trustee 2 Page 10
Termonrnagulrke Parish Church Notes to the financlal statements for the year ended 31 December 2024 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 item5 of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. Ib) Statement of Assets and Llabllitie5 11) Assets retalned for the Parlsh's own use The assets of the Parish. retained for its own use comprise:. Church Buildin8 and Graveyard Church Hall - Glebe House140%) - Sextons House Caretakers Holtse The Church 8uildin8 and Graveyard are deemed to be Heritage a55ets as defined by the Charlties SORP IFR51021. These 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 commensumerate with the benefit to the users of the accounts and to the parish. Glebe House The Parish owns 4 of the Glebe House which is reco8nised at deemed cost {40% insured value), being the estimated fair value of the property at 31st December 2024. 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, Caretakers House and Church Toilet These assets are recognised at deemed cost (insured valuel, bein8 the estimated fair value of the properties at 31st December 2024. 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 50 years. (li) 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
Termonmagulrke Parish Church Notes to the flnanclal statements for the year ended 31 December 2024 Reconclllatlon of Cash Funds Total Cash funds at Beginnin8 of the year Receipts for the Year Payments for the Year Total Gish funds at end of the year 37,835 38,310 136,389) 39,7S6 Movement In Funds At Ineomln8 Outgoln8 At l Jan 2024 Resour5es Resourses Transfers 31 Dec 2024 Restrlcted funds Sunday School Fund Missionary Fund Repair Fund 1,472 82 6,977 8,531 2,260 1,481 1,915 5,656 (325) 11,500) 12,992) I,soo { 3,7951 1,907 71 5,097 7,075 Unre5trlcted fund5 General Fund 29.304 32,654 133,072) 3,795 32,681 37,835 38,310 { 36,3891 39,756 Purposes of Restrlcted 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 Charitable Donations. Repalr Fund - The Trustees have set aside funds for the maintenance of the church properties. Collectlons for Third Partles 2024 2023 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
Termonmagulrke Parish Church Notes to the flnanclal statements for the year ended 31 December 2024 Transartlons wlth the Trustees The parish paid expenses of £1,592 relating to the running costs of the glebe house which is occupied by the rector. It also paid expenses of £1,481 relating to the running costs of the Sextons house which is occupied by a trustee, Mrs M Smith. Mrs M Smith also recelved £200 durin8 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