Lissan Parish Church Trustees. Annual Report and Statement of Receipts and Payments and Assets and Liabilities For the Year Ended 31st December 2022 Charities Number:_ NIC104282 Lissan Parish Church Annual Re ort and Financial Statements for the Year Ended:_ 31st December 2022 C ntents Pages References and administrative details of the Charlty Trustees, Report Independent Examiners Report to the Trustees Receipts and Payments Account statement of Assets and Liabilitles Notes to the Financial Statements 10-12 Lissan Parish Church Reference an Administrative D tail Charit N me: Lissan Parish Church Charlt Re istra lon N mber"" NIC104282 ontac Addr ss: Lissan Rectory 150 Moneymore Road Cookstown Co Tyrone BT80 9UU Trustees Mr Fred Cahoon Mrs Sadie Dona Mrs Mar aret Kell Mr Jason Wilkinson Mr Raymond Glendinnin Mrs Margaret Donnell Mrs Marion Cahoon Mr Keith Ruddell Mr Drew Stewart Mrs Julie Lennox Mrs Adelaide Glendinnin Rev Thomas Alan Cross Mrs Ruth Ruddell Mrs Mo a Cotton Mrs Victoria Stewart Mr Rodd Johnston Mrs Beryl Knox Princi al ffi -Bearers Cler urch Treasurer:. Church War Cler Rev'd T.A Cross Mrs Vlctoria Stewart Mr Raymond Glendinning Mrs Margaret Donnelly Ch rch Warden Peo Inde end nt Examiner Seamus O'Neill FCA Weir & Co. (Chartered Accountants) 23 High Street Moneymore Magherafelt BT45 7PA Bank Ulster Bank 20 William Street Cookstown Co Tyrone BT80 8ND Trustees. Annual Re for the ear ended:_ ort 31st December 2022 The Trustees present the Annual Report and Statements of Receipts and Payments and Assets and Liabilities for Lissan Parish Church for the year 31st December 2022. tives ndAc ivities The charitable purpose of The Church of Ireland is the advancement of religion. The principal function of Lissan Parish Church is to support the advancement of the Christlan religion by promotingi through the work of Lissan 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 religlon, Llssan Parish Church has custody of property and of records, materials and artefacts of significance to the cultural and religious heritage and maintenance of whlch is undertaken by The Select Vestry of Lissan Parish Church, Achievements Perf All Parlsh activlties returned to pre-pandemic status, the average church attendance at Sunday morning worship was seventy persons. During 2022 there were 3 baptlsms and 10 funerals. Spring and Christmas craft fairs were held in the Parish Hall in aid of Charity. A Vintage Harvest Festival was also held in aid of Church funds. A safe guarding training session was held to update parish workers qualifications. Lissan Parlsh has glven careful consideration to the Charity Commission for Northern Ireland's guldance on public benefit to ensure that the activities entered into during the year have helped to achieve the Parish's objectives and activitles, as well as providing public benefit. rmance & Public Ben f it Finan ial Review Financial Reports are revlewed throughout the year and a review on completion of the Annual Accounts. Total payments (£94,682) for the year ended 31st December 2022 were exceeded by Total receipts (£95,858) by £1,176, increasing the total cash funds held to £169,595 from £168,419. (Pages 8&9) oin 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 31st December 2022 can be signed off as a going concern. Structure, Governance and Management Do ntan nsti tion of The Ch overnin um ri Chapter III of The Constitutlon of the Church of Ireland governs Parishes and Parochial Organisations. The Select Vestry members are the Charity Trustees. Re rui ntandA of Selec Tru 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 thelr positions for a period of one year. Selett Vestry members may be re-elected annually and there is no limit on the number of terms which may be served. ointmen te Pa nd Remunerati The Rector is not paid dlrectly by the parish. A quarterly assessment is paid to the Diocesan Office whlch comprises of the following five elements:_ Sustentation (Stipends and Locomotory Allowances) Expenses of Office Allowance 'Employers" National Insurance Contributions 'Employers" Clergy Pension Fund Contribution Diocesan Expenses Account anisati nal Str ure 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 church wardens, the glebe wardens and generally not more than twelve other members of the general vestry at the General Vestry. The Select Vestry is chaired by the Incumbent. Select Vestry members are responsible for making decisions on matters of general concern and importance to the parish including how parish funds are to be applied. The Select Vestry meets at tlmes fixed by the members. Special meetings may be convened at any time by the chairperson or churchwardens. In 2022 the Select Vestry met 5 times during the year and the average attendance was 90 % . Com liance with Public Benefit Llssan Parish Church 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. tat f Truste s, Res onsi ilities The trustees are responsible for preparing the Trustee's Report and the statement of receipts and payments and statement of assets and liabilities in accordance with applicable Saw and regulatlons. 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 statement of assets and liabilities for each flnanclal year. The trustees are responsible for keeping accountlng records that are sufficlent to show and explain the Parish's transactions and disclose with reasonable accuracy at any time the assets and liabillties of the Parish. They are also responsible for safeguarding the assets of the Parish and hence for taking reasonable steps for the preventlon and detection of fraud and other irregularities. ne on Behalf of th Tru tee Tru tee I:_ ee Inde endent Examiners Re ort to the Charit Trustees of Lissan Parish Church I report on the accounts of Lissan Parish Church for the year ended 31st December 2022, whlch are set out on pages 8 to 12. Respective responslbFlitles of charlty trustees and examiner As the charlty'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 directions given by the Commission under section 65 (9) (b) of the Charities Act State whether particular matters have come to my attention. Basis of independent examlner'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 preparation of the accounts from those records. It also Included consideration of any unusual items or disclosures in the accounts, and seeklng 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 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 examlner's statement I have completed my examination and have no concerns in respect of the matters I to 4 listed above and, in connection with the following the Directions of the Charity Commission for Northern Ireland, I have found no matters that requlre drawing to your attention. Signed: Name: Seamus O'Neill FCA Welr & Co. Chartered Accountants 23 High Street, Moneymore, BT45 7PA. Date: 26 October 2023 san Pari h Church cei tsandP nts Account for th ear en 1st December 2022 Unrestricted Restricted Endowment Funds Funds Funds Total 2022 Total 202I Recei Donations & plate collection & Gift Aid Rebate Bequests Proceeds from Fund Raising Event Rental of Lands Receipts from Parish Organisations Other Receipts Membership Fees & Outings Grants Bank & Deposit Interest 66.770 66,770 69,550 21,338 6,190 19,322 238 1,589 855 600 294 95,858 6,190 19,322 238 1,589 855 267 600 405 294 17 95,858 102,198 9,121 1,500 Payments Diocesan Costs/Assessment Church Running Costs Remuneration Administration Costs Tripsloutings Charitable Donations Retirement gift Rectory Costs Miscellaneous Expenses Special Events Bank Charges Total Payments 41,422 25,354 1,550 3,451 298 8.995 9,000 1,163 1.925 1.387 137 94,682 41,422 25,354 1,550 3,451 298 8,995 9.000 1,163 1,925 lJ87 137 94,682 47,012 18,518 1,460 2,655 5,620 1,144 86 594 136 77,225 Asset & Investment purchase Excess of Receipts over payments For the year 1,176 1,176 24,973 Beh Tr te Lissan Parish Ch rch tat men ofA set and Liabilities as a 31st Dec mber 2022 Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Cash Funds Current Accounts Total Cash Funds 169,595 169.595 169,595 168,419 169,595 168,419 Assets retained for the Parish's own use Church Building & Graveyard Heritage Parish Hall Glebe House (Rectory) & Lands Fixtures & Fittings Asset Note I Note I Note I Note I 338,500 338,500 950,000 950,000 5,972 7,705 1294,472 1.296,205 B half of Notes o the Financial Stat ments for the ear end d 31st D cem er2 22 Accounting Policies Set out below are the prlncipal accounting policies which have been adopted In the compilatlon 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 Recelpts and payments Account have been accounted for on a cash receipts basis. (b) Statement of Assets and Liabilities Assets retained for the Parish's own use (i) The assets of the Parish, retained for its own use comprise:_ Church Building and Graveyard Parish Hall Glebe House Glebe Lands Fixtures and Fittings The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS102). 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. The Parish Hall Is recognlsed at cost of construction. No depreclation has been provided on the Parish Hall building as the current residual value is not less than Its carrying value and the remaining useful life currently exceeds 50 years. The Glebe House & Glebe Lands are recognised at deemed cost, being the estimated fair value of the property at 31.12.2022. No depreciation has been provided on the Glebe House as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. The Glebe lands comprising of 97 Acres are valued using regional agricultural land costs. Fixtures and fittings are recognised at cost and are depreciated on a straight-line basis over a period of 5 years. 10 Not sto he Finan (continued) ials tem ntsf rth ren emb r 2022 Reconciliation of Cash Funds 2022 2021 Total Cash Funds at 0110112022 Receipts for the Year Payments for the Year Total Cash Funds at 31112/2022 168,419 143,446 95,858 102,198 (94,682) (77,225) 169,595 168,419 Page 8 Page 8 Movement in Funds At 01 Jan 2022 Incoming Resources Outgoing At31 Resources Transfers Dec2022 Restricted Funds Grants Unrestricted Funds Designated Rectory Building Fund General Fund 17,781 150,638 168,419 17,781 151,814 169,595 95,858 95.858 (94,682) (94,682) Total Funds 168,419 95,858 (94.682) 169,595 Purposes of Restricted Funds Grants: These are grants received for specific expendlture. Purposes of Designated Funds Rettory Building Fund: This is a fund to provide for payment of any Building work. Collections for Third Parties 2022 2021 Christian Aid Tyrone Protestant Aid Society CMS Ireland Air ambulance Crosslinks United Society SAMS Church Arn]y TEAR Fund Ukraine appeal RBL service collection Children's ministry group St Patrick's cathedral Leprosy mission Belfast city mission Hope for youth ministries IL4F Benevolent fuiid Col board of education 500 150 500 2,500 1200 200 500 1,500 200 500 100 50 800 150 500 1,200 200 500 1.500 200 100 50 200 400 70 475 100 50 8,995 70 100 50 5,620 The above amounts have been included In Receipts for the Year under Donations & Plate Collection and In Payments under Charitable Donations. Transactions with the Trustees The parish paid expenses of £1,163 (2021: £1,144) relating to the runnlng costs of the Rectory which is occupied by the Rector. Rev Alan Cross received a retlrement gift of £9,000 in 2022. No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charlty during the year. Governance Costs No governance costs were incurred during the year. 12