Ballymore Parish Church Trustees, Annual report and Statement of Receipts and Payments and Assets and Liabilities For the year ended 31 December 2024 Charities Number: NIC104295
Ballymore Parish Church Annual report and financial statements for the year ended 31 Deeember 2024 Contents Pages References and administrative details of the Charity TTUStees' report Independent Examiners Report to the Trustees Receipts and payments account Statement of assets and liabilities Notes to the fiTwicial statements 9-12
Ballymore Parish Church References and administrative details Charity Name: Charity Registration Numbcr". Contact Address: Ballymore Parish Church NIC104295 Ballymore Rectory 107 Tan(Iragee Road Markethill Annagh BT60 ITN Trustees Mrs Anne Robcrts Mrs Joamie Craig Mrs Eli7abeth Elliott Mr Scott Gamble Mrs Wendy Grant Mrs Louise Clarke Mrs Am]a Lavety Mr Malcolm Mccombe Mrs Ann Poole Mrs Dorothy Stanley Mr GoTdon Wakcnshaw Mr Andrew Platt (Appointed 15 April 2024) Mr Jefftey Forde (Appointed 15 April 2024) Mr Neil Dillon (Appointed 15 April 2024) Mrs Wendy Laverty (Appointed 15 April 2024) Mr Stq)hen Meredith (Appointed 15 April 2024) Mr Alan Gibbons (R¢signed 15 April 2024) Mrs Linda Mccord (Resigned 15 April 2024) Mr David Mcclelland (Resigned 15 April 2024) Mr Cyril Strain (Resigned 15 April 2024) Mr Derek Taylor (Resigned 15 April 2024) Principal Office-bearers Rector: Church Treasurer: Rector's Churchwarden: People's ChurchwaTden: Rev Colin Darling Mrs Wendy Grant Mr Stephen Meredith Mrs Wendy Lavety Independent Examiner Ruddell & Company Chartered Accountants & Registered Auditors 16 Church Street Dungannon Co Tyrone Principal Bankers Ulster Bank Limited 20 High Street Portadown Co Amiagh Page I
Trustees, Annual Report for the year ended 31 December 2024 The trustees present the annual report and statements of ReIptS and Payments and Assets and Liabilities for Ballymore Parish Church for the year ended 31 December 2024. Objectives and Activnties The charitable purpose of the Church of Ireland is the advanc¢ment of religion. The principal function of Ballymore Parish Church is to support the advancement of the Christian religion by promoting, through the work of Ballymore Parish Church, the whole mission of the Church, through pastoral, evangelistic, social and ecumenical outreach into the local community. 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, Ballymore Parish Church has custody of property and of records, materials and artefacts of significance to the cultural and religious heritage of the local community. The care, protection and maintenance of such is ndtaken by the Select Vesty of Ballymore Parish Church. Achievements, PerforRnance & Public BenefRt Ballymore Parish Church bas weckly Services on Sunday morning comprising Holy Communio Family Service / Baptism, Morning Prayer and Healing Services together with various other special Services during the year e.g. Lenten Services, Holy Week Services, Harvest Thanksgiving Services and Christmas Carol services. Pastoral care is also provided. A range of other activities are also provided by Ballymore Parish Church either by the church directly or through various church orgaDisations e.g. Sunday School, Girls Friendly Society, Bible Study, Craft Group and Mothers, Union. Each year the Select Vesty along with the Catering Group hosts a Senior Citizens Christmas Dinner in the Parish Hall. Page 2
Trustees, Annual Report for the year ended 31 December 2024 (eontinued) Achievements, Perforniance & Public Benefit (continued) A member of Ballymor¢ Parish Church scrvcs on thc Board of Governors of the local Controlled Primary School and Tandragee Junior High School. That role is to support and encourage the work of the schools, helping to maintain good standards and practices. In additio the rcctor of Ballymore Parish Church takes assemblies tivice a year in the school and twice a terni in Tandragee Junior High School Ballymore Parish Church supports the work of other charities and missionary work by either making donations or holding special collections in respect of same. A number of differ¢nt fundraising events have taken place during the year to support local charities. The activities outlined above demonstrate how Ballymore Parish Church continues to implement its charitable purposes (i.e. the advancement of religion) and meets the Public benefit requirement. Benefits to members of the public include contributing to spiritual well-being of participants and the reinforcement of Christian values. Ballymore Parish Church has mitigated any potential hann from the activities through the implementation of the Church of Ireland policy (Safeguarding Tnt) for the protection of children and vulnerable adults. Thc Parish has given careful consideration to the Charity Conunission for Northern Ireland's guidance on public benefit to ensure that the actives entered into during the year have helped to achieve the Parish's objectives and activities, as well as pmviding public benefit. Financial Review The principal source of income of Ballymore Parish Church continues to be from Donations and Plate Collections. The principal expense of Ballymore Parish Church is in r¢spcct of payments regarding Diocesan Costs/Assessment and repairs and improvements to church property. Ballymore Parish Church had a surplus of receipts over payments before other gains of £8,036.61 for the year ended 31 December 2024. Ballymore Parish Church continu¢s to be in a healthy funCIal state as at 31 December 2024 with total cash ftmds of £185,105.64 Ballymore Parish Church aims to retain sufficient reserves to meet its expected future expenditure requirements as well as potential future capital projects. Page 3
Trustees, Annual Report for the year ended 31 December 2024 (continued) Structure, Covernanee and Management Going Concern The trustees have reviewed its planned expenditure for the year ahead and are satisfied that there are adequate filnds in place to ensure that the Parish can continue its activities and the financial statements for the year ended 31 December 2024 can be Sied off as a going concern. Governing Doeumenl and Constiiution of the Churity Chapter III of the Constitution of the Church of Ireland governs Parishes and Parochial Organisatio Thc Select Vesty members are th¢ Charity Trustees. Recruilment andAppointmen* ofselect VesÉry (Trxstees) 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, and who subscribe a minimum of £50 per annum, may register as members of the General Vesty of the paris14 allowing them to attend and vote at meetings of the General Vesty and to stand for election to thc S¢l¢ct V¢sty. Meetings of the g¢ncral vestry are held at least once a year. The Select Vesty is elected as part of this General Vesty meeting. The Select Vestry will hold their positions for a period of one year. Select Vesty members may be re-elected annually and there is no limit on the number of tenns which may be served. Organisational Structure The Select Vesty is responsible for the day to day management of the Parish. The Select Vesty consists of the member of the cl¢Tgy serving in the parisl the Churchwardens, the Glebewardens and generally not more than twelve other members of the general vesty elected at the General Vesty. 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 piSh including deciding how Parish funds are to be applied. The select vesty 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. In 2024 the Select Vesty met 8 times during the year and the average attendance was 81.25 %. Conwli4nce with Public Benefit The Parish has given carefid consideration to the Charity Conllnission 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, as well as providing public benefit. Page 4
Trustees, Annual Report for the year ended 31 December 2024 (continued) Statement of Trustees, Responsibilities The trnstees 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 An Northern Ireland with Income of less than £250.000 requires the trustees to prepare a statement of rcceipts and payments and a statement of assets and liabilities for each financial year. The trustees are responsible for keeping accountRng records that are sufficient to show and explain the Parish's transactiorAS 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 tsking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on Behalf of the Trustees Trustee I Trustee 2 Date Page 5
Independent E&Iler$ Report to the Trustees of Ballymore Parish Church I report on the accounts of thc Charity for the year cndcd 31 Decembcr 2024, which are set out on pages 2 to 12. Respective responsibilities 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 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 examiner's report I have examined your charity accounts as required under section 65 of the Chariti¢s 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 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: 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 inforniation 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 (l) 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 drawing to your attention. Jonathan Ruddell For Ruddell & Company Dungannon Page 6
Receipts and Payments Account for the year ended 31 December 2024 Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Totsl funds 2023 Receipts Donations & plate collections Proceeds from Fund Raising Events Legacies Bank & Deposit interest Investment income Rental of premise8 Charitable activities Other Receipts Realisation of Assets Total Receipts 97,844.17 5,466.58 103,310.75 113,016.01 20,661.60 20,661.60 4,918.20 8,000.00 8,000.00 639.71 639.71 526.65 2,092.88 2,092.88 1,910.61 10,215.00 10,215.00 11,710.00 15,265.03 1,458.34 16,723.37 43,148.48 8,859.03 15,050.00 23,909.03 12,211.89 i 00,000.00 142 915 42 636.52 185 552J4 287 441.84 Payments Diocesan Costs/Assessment Church & Hall Running Costs Glebe/Rectory Costs Administrative Costs Other Costs Charitable Donations Payments from Parish Organisations Total Payments 69,931.88 69,931.88 62,271.78 35,183.01 31,757.30 66.940.31 219,980.30 3,019.59 3,019.59 8,998.96 9,013.47 9,013.47 7,059.48 7.137.33 7,137.33 1,575.59 10,881.66 6,643.92 17,525.58 19,764.75 3,886.57 61.00 3,947.57 4,254.90 139 053.51 3 462a2 177 515.73 323 905.7 Exeess of reeeipts over payments before transfer 3I62JI 4,174.30 8,036.61 (36,463.92) Transfers Gross transfers between fidS - in Grnss transfers between funds - out Exeess of recetpts over payments before other gains 3 862.31 4 174.30 8 036.61 36 463.92 On Behalf of the Trustees Trustee I Trustee 2 Page 7
Statement of A&sets and Liabilities as at 31 December 2024 Unrestricted Designated Funds Funds 2024 2024 Restricted Funds 2024 Total 2024 Total 2023 Cash Funds General Account No. I R¢s¢rve Account Fabric Account Freewill Offering Account General Account No. 3 Catering Account Youth Fellowship Account Missionary Account Charity Craft Group Account S Club Account Total Cash Fuuds 8,898.36 44,737.78 60,122.27 62.322.99 630.90 4,174.30 13,072.66 40,4fv1.42 44,737.78 44,098.07 60,122.27 41,574.28 62 J22.99 45,264.82 630.90 604.20 1,1)07.99 1,817.17 306.84 306.84 70.90 92.54 2,814.25 2,608.25 19.06 238.44 185,105.64 177,069.03 1.007.99 306.84 70.90 2,814.25 19.06 421 9.04 176,712JO 4,174.30 Investment Assets Glebe LandslFannland RCB Investments RCB Deposits Other Investments 67,664.00 103,327.63 1,506.39 67,664.IMI 66,429.00 103J27.63 103,327.63 150&39 1,506.39 Total Investment Assets 172,498.02 172,498.02 171,263.02 Assets retailled for the Parish's own use Glebe House/Rectory Fixtures and Fittings 422,500.00 3.000.00 422300.00 422,500.00 3,000.00 3,000.00 Tot91 Assets retained for the Parish's own use 42S500.1)0 42S500.00 425,500.00 Total Assets 774,710.32 4219.04 4K174JO 781103.66 773,832.05 On Behalf of the Trustees Trustee I Trustee 2 Page 8
Notes to the financial statements for the year ended 31 December 2024 l. Accounting pollcies Set out IKlow 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 LRabilities (i) Assets relainedfor the Parish's own use The ass¢ts of the Parish, retained for its own use comprise:_ Church Building and Graveyard Church Hall Glebe HouselRectory 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 inforniation on the cost or valuation is not available and such infomiation cannot bc obtained at a cost conunensuTate with the benefit to the users of the accounts and to the parish. The Church Hall is physically attached to the church and as such is not separable as an individual asset. As such it is deemcd to be a Heritage asset and no value is ascribed to it in the statement of assets and liabilities. The Glebe House/Re¢tory is recOlSed at cost, being the cost of construction of the prom. No depreciation has been provided on the glebe house/rectory as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. Fixtures and Fittings are recognised at cost and are depreciated on a straight line basis over a period of 5 years. The church has set a minimum threshold of cost for an item of £500 for it to be considered to be capitalised as a fixed asset. li) Investments Fixed asset inv¢stments comprising Glebe Lands/FaTmland, Representative Church Body (RCB) Investments, Church of Ireland (COI) Trustees Investments and Other Listed Investments are initially recorded at cost and are then subsequently stated at fair value at each yeaT end date. Page 9
Notes to the financial statements for the year ended 31 December 2024 (continued) 2. Reconciliation of Cash Funds Total Cash Funds at Beginning of the year Receipts for the Year Payments for the Year Total Cash Funds at ¢nd of the y¢ar 177,069.03 185,552.34 (177,515.73) £185,105.64 3. Movement in Fullds AtlJa 2024 Incoming Resources Outgiiing Resources luv¢stment Gailll{Loss) At 31 Dec 2024 Trattsfers Endowment funds Non¢ Restricted fyllds Held in No l Account 42,636.52 42,636.52 38.462.22 38,462.22 4,174.30 4,174.30 Unrestricted funds Designated Catering Fund Designated Youth F'ship Fund Designated Mlssionary FWMI Designat Charity Craft Fund Dc5ignat¢d S Club Fund Numbcr 3 A¢count G¢n¢ral Fund 1.817.17 306.84 92.54 2,608.25 238.44 604.20 768,164.61 773,832.05 12.633.53 3.442.71 (10,000.00) 1.007.99 306.84 70.90 2.814.25 19.06 630.90 772,844.42 778,929.36 61.(M) 2,324.00 1,704.84 26.70 126.165.75 141915.82 82.64 1018.00 1,924.22 {ioo.00) 131.585.94 139.053.51 10,ioo.(K) 1,235.00 1,235.00 Totsl fvnd$ 773,832.05 185.552.34 177,515.73 1,235.00 783,103.66 ses of Endowment Funds - The parish had no endowment funds at the year-end. Page 10
Notes to the financial statements for the year ended 31 December 2024 (continued) 3. Movement in Fllnds (Continued) oses of Restricted Funds The parish has restricted funds of £4,174.30 at the ycar-end in relation to fvnds raised by a charity concert in aid of LLNI (£3,254.30) and a fry night (£970.00) in aid of Habitat for Humanity. oses of Desi at¢d Funds -catering Fund: These funds have been set aside for the activities of the church's catering committee. -youth Fellowship Fund: These funds hav¢ bc¢n set aside for youth ministy within the church. -missionary Fund: These funds have been set aside for missionary purposes. Charity Craft Group Fund: These funds have been set aside for the activities of the church's craft 0up. -s Group Fund: These funds have been set aside for the activities of the church's children's group. 4. Collections for Third Parties Bishops Appeal Rctt Reverse Dementia NI Arn]agh Diocesan Board - confmnation servicc Tandragee LOL No 4 648.00 2,056.00 970.00 320.87 1251.71 5 246.58 The abov¢ amounts have been included in Receipts for the Year under "Donations & Plate Collections" Pagell
Notes to the financial statements for the year ended 31 December 2024 (continued) 5. Transactions With th¢ Trnstees The parish paid expenses of £3,019.59 during the year relating to the running costs of the glebe house/Tectory which is occupied by the rector during the period of the rector's occupancy of it. 6. Governance Costs Governance costs of £690.00 were incurred during the year which solely relate to fees paid to the independent examiner. Governance costs are included within Administrative Costs in the Receipts and Payments Accounts. Page 12