Lissan Parish Church Trustees. Annual Report and Statement of Receipts and Payments and Assets and Liabilities For the Year Ended 31st December 2023 Charities Number:_ NIC104282
Lissan Parish Church Annual Re ort and Financial Statements for the Year Ended:_ 31st December 2023 Contents Pages References and administrative details of the Charity Trustees, Report Independent Examiners Report to the Trustees Receipts and Payments Account Statement of Assets and Liabilities Notes to the Financial Statements 10-12
Lissan Parish Church Referen es and Administrativ Detail Charit Nam Llssan Parish Church Charit Re istration Number: NIC104282 Contact Addr Lissan Rectory 150 Moneymore Road Cookstown Co Tyrone BT80 9UU Truste Mr Fred Cahoon Mrs Sadie Dona Mrs Georgina Wilkinson Mr Ian Cahoon Mr Wesley Cotton Mrs Marion Cahoon Mr Keith Ruddell Mr Drew Stewart Mrs Ruth Ruddell Mrs Mo a Cotton Mrs Victoria Stewart Mr Ian Blair Mrs Margaret Donnell Mrs Mar Mr Rodd Johnston Mrs Ann Wensley Mr Jason Wilkinson aret Kell Prin al Office-Bear rs Cler Church Treasurer: Church Warden VACANT Mrs Victoria Stewart Mr Raymond Glendinning Mrs Moya Cotton ler Church Warden le.. Inde endent Examiner Seamus O'Neill FCA Weir & Co.(Chartered Accountants) 23 High Street Moneymore Magherafelt BT45 7PA B nkers Ulster Bank 20 William Street Cookstown Co Tyrone BT80 8ND
Trustees. Annual Re for the ear ended:_ ort 31st December 2023 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 2023. -ectives and A tiviti The charitable purpose of The Church of Ireland is the advancement of rellgion. The principal function of Lissan Parish Church is to support the advancement of the Christian religion by promoting, through the work of Lissan Parish Church, the whole mission of the church, pastoral, evangelistic, social and ecumenical. Being open to and engaglng 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, Lissan Parish Church 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 Lissan Parish Church. Achievements Performanc & Public Benefi All Parish activities returned to pre-pandemic status, the average church attendance at Sunday morning worship was seventy persons. During 2023 there were 3 baptisms 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 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. Finan ial Review Financial Reports are reviewed throughout the year and a review on completion of the Annual Accounts. Total payments (£79,185) for the year ended 31st December 2023 were exceeded by Total receipts (£93,491) by £14,306, increasing the total cash fund5 held to £183,901 from £169,595. (Pages 8&9) oin Concern The Trustees have reviewed the budgets for the year ahead and are satisfled 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 2023 can be signed off as a going concern. Structure, Governance and Management vernin Docum andc nstituti nofTh hari
Chapter III of The Constitution of the Church of Ireland governs Parishes and Parochlal Organisations. The Select Vestry members are the Charity Trustees. ointment of Sele Recruitment an tve Trust 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. Select Vestry members may be re-elected annually and there is no limit on the number of terms which may be served. Pa and Remuneration The Rector is not paid dlrectly by the parish. A quarterly assessment is pald to the Diocesan Office which 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 Or anisational 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 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 times fixed by the members. Speclal meetings may be convened at any time by the chairperson or churchwardens. In 2023 the select Vestry met 5 times during the year and the average attendance was 90 % . Com lianc with Public Benefit Lissan Parish Church has given careful conslderation 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. statement of Trustee 'Res nsibilities 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 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 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. ned on B half of th Tru ees Trus Trustee 2:.
Inde endent Examiners Re ort to the Charit Trustees of Lissan Parish Church I report on the accounts of Llssan Parish Church for the year ended 31st December 2023, which are set out on pages 8 to 12. Respectlve responsibilities of charlty 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: Examlne the account5 under section 65 of the Charities Act Follow the procedures laid down in the general directions given by the Commlssion under section 65 (9) (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 (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 seeking explanations from you as charlty 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 examiner'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 Commlssion for Northern Ireland, I have found no matters that require drawing to your attention. Slgned: Name: Seamus O'Neill FCA Weir & Co. Chartered Accountants 23 High Street, Moneymore, BT45 7PA. O KCK, Date: 07 May 2024
san Parish hurch Rec and Pa ments Acco nt for the ear ende 31st Decemb r 2023 Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Totsl 2022 Recei Doiiations & plate collection & Gift Aid Rebate Beque>ts Proceeds from Fund Raising Event Rental of Lands Receipts from Parish Organisations Oth¢r Receipts Membership Fees & Outings Grants Bank & Deposit Interest 60,623 60,623 66,770 7,251 19,310 125 333 1,100 2,968 1,781 93,491 7,251 6.190 19,310 19,322 125 238 333 1,589 1,100 855 2,968 600 1,781 294 93,491 95,858 Payments Diocesan Costs/Assessment Church Running Costs Remuneration Administration Costs Tripsloutings Charitable Donations Retirement gift Rectory Costs Miscellaneous Expenses Special EverLts Bank Charges Total Payments 29,972 27,477 I,250 I,821 400 12,861 29,972 27,477 1250 1,821 400 12,861 41.422 25,354 1,550 3,451 298 8,995 9,000 1,163 1,925 1,387 137 94,682 1,240 1,825 2,170 170 79,185 1,240 1,825 2,170 170 79,185 Asset & Investment purchase Excess of Receipts over payments For the year 14,306 14,306 1,176 B half fth rus rust Truste
Lissan Parish Chur statement of As ets nd Liabilitie as at 31st D cember 202 Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Cash Funds Current Accounts Total Cash Funds 183,901 183,901 183,901 169,595 183,901 169,595 Assets retained for the Parish's own use Church Building & Graveyard Parish Hall Glebe House (Rectory) & Lands Fixtures & Fittings Heritage Asset Note I Note I Note I Note I 338,500 338,500 950,000 950,000 4.479 5,972 1,292,979 1,294,472 If of heTr es te
N tes to the Fin nci I stat ments for the ear ended 31st D cember 2023 Accounting Policies Set out below are the principal accounting policles 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 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 asset5 and Ilabilities a5 information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate wlth the benefit to the users of the accounts and to the parish. The Parish Hall is recognised at cost of construction. No depreciation 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, belng the estimated fair value of the property at 31.12.2023. 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 depreclated on a straight-line basis over a period of 5 years. 10
No esto he Finan (continued) Reconciliation of Cash Funds ial Statemen he ear end d 31st De ember 202 2023 2022 Total Cash Funds at 0110112023 Receipts for the Year Payinents for the Year Total Cash Funds at 3111212023 169,595 168,419 93,491 95,858 (79,185) (94,682) 183,901 169,595 Page 8 Page 8 Movement in Funds At 01 Jan 2023 Incoming Resources Outgoing At31 Resources Transfers Dec2023 Restricted Funds Grants Unrestricted Funds Designated Rectory Building Fund General Fund 17,781 151,814 169,595 17,781 166,120 183,901 93,491 93,491 (79,185) (79,185) Total Funds 169,595 93,491 (79,185) 183,901 Purposes of Restricted Funds Grants: These are grants received for specific expenditure. Purposes of Designated Funds Rectory Building Fund: This is a fund to provlde for payment of any Building work.
Collections for Third Parties 2023 2022 500 150 500 2,500 1,200 200 soo 1,500 200 500 100 50 Christian Aid Tyrone Protestant Aid Society CMS Ireland Air ambulankne Crosslinks United Society SAMS Church Anny TEAR Fund Ukraine appeal RBL service collection Children's ministy group Hospice Sunday Bishops appeal Laurel House Leprosy mission Belfast city mission Hope for youth ministries Chestnut lodge RAF Benevolent fund Col board of education 500 150 500 1200 200 500 1,500 200 50 116 190 7,000 115 400 70 475 390 200 50 12,861 100 50 8,995 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 expense5 of £1,240 (2022: £1,163) relating to the running costs of the Rectory which is occupied by the Rector. No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year. Governance Costs No governance costs were incurred during the year. 12