Lissan Parish Church Trustees, Annual Report and Statement of Receipts and Payments and Assets and Liabilities For the Year Ended 31" December 2024 Charities Number:_ NIC104282 Lissan Parish Church Annual Re ort and Financial Statements for the Year Ended:_ 31st December 2024 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 References and Admini trative Detail Chari Name: Lissan Parish Church Charit Re istration Number:_ NIC104282 Contact Address: Lissan Rectory 150 Moneymore Road Cookstown Co Tyrone BT80 9UU Trustees 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 Princi al Office-Bearers Cler Church Treasurer:_ Church Warden VACANT Mrs Victoria Stewart Mr Raymond Glendinning Mrs Moya Cotton Church Warden - Peo Inde enden Examin 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 2024 The Trustees present the Annual Report and Statements of Receipts and Payments and Assets and Liabilities for Lissan Parish Church for the year 315t December 2024. Ob-ectives and Activities 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 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 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, Lissan 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. A hievements Performance & Public Benefi All Parish activities returned to pre-pandemic status, the average church attendance at Sunday morning worship was seventy persons. During 2024 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. Financial Review Financial Reports are reviewed throughout the year and a review on completion of the Annual Accounts. Total payments (£67,323) for the year ended 31st December 2024 were exceeded by Total receipts (£89,719) by £22,396, increasing the total cash funds held to £206,297 from £183,901. (Pages 8&9) Goin 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 315t December 2024 can be signed off as a going concern. Structure, Governance and Management Governin Document and on fTh ri Chapter III of The Constitution of the Church of Ireland governs Parishes and Parochial Organisations. The Select Vestry members are the Charity Trustees. Recruitment and A in nt of Select Vestr 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. Pa and Remuneration The Rector is not paid directly by the parish. A quarterly assessment is paid to the Diocesan Office which comprises of the following five elements:_ Sustentation (Stipends and Locomotory Allowances) Expenses of Offfice Allowance "Employers" National Insurance Contributions "Employers" Clergy Pension Fund Contribution Diocesan Expenses Account anisational tructure 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. Special meetings may be convened at any time by the chairperson or churchwardens. In 2024 the Select Vestry met 5 times during the year and the average attendance was 900/0. Com liance with Pu lic Benefit Lissan 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. Statement f Trustees, Res onsibilities 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 Behalf of the Trustee Trustee I:. Trust 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 2024, which are set out on pages 8 to 12. Respectlve responsibilitles of charity 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 responslbility to: Examlne 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 Charlties 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 charity trustees concerning any such matters. My role Is to state whether any material matters have come to my attention glving me cause to believe: l. That accounting records were not kept in accordance wlth section 63 of the Charlties 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 Ilsted above and, In connection with the following the Directions of the Charity Commission 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. Date: 24 April 2025 Lissan P Recei rish Chur ndPa men s Account f r the ear ended 1st December 2024 Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Recei Doliations & plate collekntion & Gift Aid Rebate Bequebts Proceeds from Fund Raising Event Rental of Laiids R¢¥eipts froni Parish Organisations Other Receipts Membership Fees & Outings Grants Bank & Deposit Interest 59,439 59,439 60,623 2.909 19,248 298 1,441 628 3,412 2,346 89,719 2,909 7,251 19,248 19.310 298 125 1,441 333 628 I,ioo 3,412 2,968 2J46 1,781 89,719 93,491 Payments Diocesan Costs/Assessmeiit Church Running Costs Reinuneratioii Administration Costs Trips/outings Charitable Donatioiis Retireiiieiit gift Rectory Costs Miscellaneous Exp¢i)ses Special Events Bank Charges Total Payments 28,368 20,392 1,370 3,795 825 5.940 28J68 20?92 lJ70 3,795 825 5,940 29,972 27,477 1,250 1,821 400 12,861 1,300 3,498 1,688 148 67,323 ijoo 3,498 1,688 148 67J23 1,240 1,825 2,170 170 79,185 Asset & Investment purchase Excess of Receipts over payments For the year 22.396 22,396 14,306 OnBe If of the rustee Tr Trust Lissan Parish Church Statement of As ets and Liabiliti s as at 31st December 2024 Unrestricted Funds Restricted Endowment Funds Funds Total 2024 Total 2023 Cash Funds Curreiit Acknounts Total Cash Funds 206,297 206,297 206,297 183,901 206,297 183,901 Assets retained for the Pydrish's own use Church Building & Graveyard Heritage Parish Hall Glebe House (Rectory) & Lands Fixture>J & Fittings Asset Note I Note I Note I Note I 338,500 338,500 950,000 950,000 2,986 4,479 1,291,486 1,292,979 n Behalf heT stee Trustee Note to he Financi I Statements f r the ear nded 31st Decemb r 2024 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 Account have been accounted for on a cash receipts basis. (b) Statement of Assets and Liabilities Assets retained for the Parlsh'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 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, being the estimated fair value of the property at 31.12.2024. 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 N tes to the Financial (continued) ments for th r ended IstD ember 2024 Reconciliation of Cash Funds 2024 2023 Total Cash Funds at 0110112024 Receipts for the Year Payments for the Year Total Cash Funds at 3111212024 183,901 169,595 89,719 93,491 (67J23) (79,185) 206,297 183,901 Page 8 Page 8 Movement in Funds Atol Jan 2024 Incoming Resources Outgoing At31 Resources Transfers De¢2024 Restricted Funds Grants Unrestricted Funds Designated Rectory Building Fund Gcncral Fund 17,781 166,120 183,901 17,781 188,516 206297 89,719 89,719 (67,323) (67,323) Total Funds 183,901 89,719 67.323) 206297 Purposes of Restricted Funds Grants: These are grants received for speciflc expenditure. Purposes of Designated Funds Rectory Building Fund: Thls is a fund to provlde for payment of any Building work. Collections for Third Parties 2024 2023 Christian Aid Tyrone Protestant Aid Society CMS Ireland Cro%slinks United Society SAMS ChurLh Arn]y TEAR Fund Lagos ministries RBL service collection Children's ministy group Hospice Sunday Bishops appeal Laurel House Leprosy mis%ion Missioiiary monies GFS World project monies Chestnut lodge RAF Benevolent fund Col board of education 500 150 500 1,200 200 500 1,500 200 420 loo so 170 500 150 500 1,200 200 500 1,500 200 50 116 190 7,000 115 50 250 390 200 50 12,861 100 50 5,940 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 £1,300 (2023: £1,240) 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