CHARITY REGISTRATION NUMBER: 104296 Annaghamore Parish Church Unaudited Financial Statements 31 December 2022 FEB CHARTERED ACCOUNTANTS Chartered Accountants Linenhall Exchange 1 st Floor, 26 Linenhall Street Belfast Northern Ireland BT2 8BG Annaghamore Parish Church Financial Ststements Year ended 31 December 2022 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities statement of financial position Notes to the financial statements The following pages do not fonn part of the financial statements Detailed statement of financial activities 15 Annaghamore Parish Church Trustees. Annual Report Year ended 31 December 2022 The trustees present their report and the unaudited finanual statements of the club charity for the year ended 31 December 2022. Reference and administrative detsils Registered charity name Annaghamore Parish Church Charity registration number 104296 Principal office 54 Moss Road Portadown Craigavon County Armagh BT62 1N8 The trustees Andrew Allen Mark Boyce Gareth Boyd Alan Elliott Rev Dorothy Dunwoody Brian Matchett David Parker Derek Williamson Neville Woods Stephen Watt May Woods Gareth Anderson Nigel Beattie Colin Wlliamson Alistair Jackson Alan Ogilby Hilarly Mayblury Claire Crossley Independent examiner FEB Chartered Accountants Linenhall Exchange 1 st Floor, 26 Linenhall Street Belfast Northem Ireland BT2 8BG Annaghamore Parish Church Trustees, Annual Report (eiirtln Year ended 31 December 2022 The tru5tees' annual report was approved on 27 July 2023 and signed on behalf of the board of trustees by: )ofotrny S Alan Elllott Treasurer Rev Dorothy Dunwoody Rector Annaghamore Parish Church Independent Examinerfs Report to the Trustees of Annaghamore Parish Church Year ended 31 December 2022 I report to the Irustees on my examination of the financial statements of Annaghamore Parish Church ('the club charity.) for the year ended 31 December 2022. Responsibilities and basis of report As the trustees of the Glub charity you are responsible for the preparation of the financial stalements in accordance with the requirements of the Charities Act (Northem Ireland) 2008 (the '2008 Act'l. You are satisfied that your club charity is not required by charity law to be audited and have chosen instead to have an independent examination. I report in respe¢t of my examination of the club charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Direclions given by the Charity Commission for Nothem Ireland under section 65(9)(b) of the 2008 Act. Independent examinefs statement I have completed my examination. I confim that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect: accounting records were not kept as required by with section 63 of the 2008 A¢t,' or the financial statements do not accord with those records.. or the financial statements do not comply with the accounting requirements of the 2008 Ad,. or the finanaal statements do not ￿mplY with the applicable requirements conceming the form and content of accounts set out in the Charilies (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered a5 part of an independent examination. I confirm that there are no other matter5 to which your attention should be drawn to enable a proper understanding of the accounts to be reached. FEB Chartered Accountants Independent Examiner Linenhall Exchange 1 st Floor, 26 Linenhall Street Belfast Northern Ireland BT2 8BG Annaghamore Parish Church Statement of Financial Activities Year ended 31 December 2022 2022 Restricted fvnds Total funds Total funds 2021 Unrestricted funds Nots Income and endowments Donations and legacies Total income 110,325 73.556 183.881 198,058 110,325 73,556 183,881 198,058 Expenditure Expenditure on raising funds.. Costs of raising donations and legacies Total expenditure 80.941 42,551 123,492 123.663 80,941 42,551 123,492 123,663 Net income and net movement in funds 29.384 31,005 60.389 74,395 Reconciliation of funds Total funds brought forward Total funds carried forward 306,181 335,565 745,314 1,051,495 977.100 776,319 1,111.884 1.051,495 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 6 to 13 fomi part of these financial statsments. Annaghamore Parish Church statement of Flnancial Po31tion 31 December 2022 2022 2021 Note Fixed assets Tanglble r￿ed assets 1.158,407 1,191.683 Current assets Cash at bank and in hand 316,787 329,361 Creditors: amounts falling due within one year Net current assets 69,222 247,565 1,405,972 123,831 205,530 Total assets less current liabilities 1,397,213 Creditors: amounts falling due after more than one year Nel assets 294,088 1,111.884 345,718 1,051,495 Funds ol the charity Restricted fvnd$ Unrestricted fvnds 776,319 335,565 745,314 306,181 1,051,495 Total charity funds 10 1,111.884 These financlal statements V￿re approved by the board of trustees and authorised for Issue on 27 July 2023, and are signed on behalf ofthe board by: S Ijiii)￿O.￿rl Alan Elllott Treasurer Rev Dorothy Dunwoody Rector The nots$ on pages 6 to 13 form part of these financlal statements. Annaghamore Parish Church Notes to the Financial Statements Year ended 31 December 2022 Gen8ral inforniation The club charity is a public benefrt entity and a registered charity in Northem Ireland and is unincorporated. The address of the principal office is 54 Moss Road, Portadown, Craigavon, County Armagh, BT62 1NB. ststement of compliance These financial statements have been prepared in Complian￿ with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to d)arities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the enb'ty. Going concern There are no material uncertainties about the tharity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, induding expectations of future events that are believed to be reasonable under the circumstsnces. Foreign currencies Foreign currency transactions a￿ initially recorded in the fijnctional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date. with any gains or losses being taken to the statement of finanaal activities. Fund accounting Unrestricted funds are available for use at the diSCret￿n of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure dedared by the donor or through the temis of an appeal. and fall into one of two sub-¢Sasses: restricted income fijnds or endowment funds. Annaghamore Parish Church Notes to the Financial Statements (continued) Year ended 31 December 2022 Accounting policies (continued) Incoming resources All incoming resources are included in the statement of finanaal activities when entl￿ement has passed to the charity., it is probable that the economic benefits associated with the Iransaction will llow to the charity and the amount can be reliably measured. The following specific policies are applied to particular Gategories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliabty. legacy income is recognised vthen receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and servi￿$ are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contrads for the supply of semces is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent, in which case it may be regarded as restricted. Resources expendod Expenditure is recognised on an acGruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is dassified under headings of the statement of financial activities to which it relates.. expenditure on raising funds indudes the costs of all fundraising activities, events, non-charitable trading activities. and the sale of donated goods. expenditure on charitable activities indudes all costs incu￿ed by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared cost5 are apportioned be￿een the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are lnttia1￿ recorded at cost. and subsequently stated at cost less any accumulated depreciation and impaim)ent losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impaimient losses. Annaghamore Parish Church Notes to the Financial Statements (contlnuedj Year ended 31 December 2022 Accounting policies (conUnu•d) Tangible assets (condnued) An increase in the carying amount of an asset as a result of a revaluation. is recognised in other recognised gains and losses, unless it reverses a tharge for impairment that has previously been recognised as expenditure within the statement of financial aclivities. A decrease in the carrying amount of an asset as a result of revaluation. is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2022 Donations Freewill offering - weekly envelopes Freewill offering - stsnding orders Church casual collections Tax refund on gift aid payments Harvest day gifts Magazine subscriptions Donations Lenten Gifts Building Fund- weekly envelopes Building Fund - standing orders Donations to Building Fund Fund raising & charity boxes Dance classes & Other Mission income Funeral l Burial donations Bowling Club income Parish income 46,410 19,430 2,095 24,954 15,615 46,410 19,430 2,095 24,954 15,615 1,821 1,821 1,325 36,777 14,529 1,865 14.301 400 1.340 1,880 1.325 36.777 14.529 1.865 14,301 400 1,340 1,880 1,139 1,139 110.325 73,556 183,881 Annaghamore Parish Church Notes to the Financial Statements (continued) Year ended 31 December 2022 Donations and legacies (continuto) Unrestricted Funds Restricted Total Funds Funds 2021 Donations Freewill offering - weekly envelopes Freewill offering - standing orders Church casual collections Tax refund on gift aid payments Harvest day grfts Magazine subscriptions Donations Lenten Gifts Building Fund- weekly envelopes Building Fund - standing orders Donations to Building Fund Fund raising & charity boxes Dance classes & Other Mission income Funeral l Burial donations Bowling Club income Parish income 47,013 16,195 2.135 25,623 15,550 165 582 47,013 16,195 2,135 25,623 15,550 165 582 660 36,225 12,225 34,055 1,791 660 36,225 12.225 34,055 1,791 739 4.810 290 739 4,810 290 107,263 90,795 198,058 Annaghamore Parish Church Notes to the Financial Statements (continuedl Year ended 31 December 2022 Costs of raising donations and legacies Unrestricted Funds Restricted Total Funds Funds 2022 Rates & water Light & heat Repairs & maintenance Insurance Telephone stationery Rectory expenses Dit)cesan Assessment Printing, Church envelope5 & magazine Sunday School: Prizes & materials Gifts & Gratuities RCB Covenant Administrative Charges other - general fijnd Cleaning Professional fees Small equipment purchases Other - Building Fund Mission expenditure Burial costs Catering costs Bowling club expenditure 1.346 10.029 1,346 14,106 4,165 4,500 526 1,613 4,200 57,366 300 670 850 934 22,604 1,000 4,078 4,165 4,500 526 1,613 4.200 57.366 300 670 850 934 3,107 19,498 1.000 409 382 7,715 699 409 382 7.715 699 105 107 80.941 42,551 123,492 10 Annaghamore Parish Church Notes to the Financial Statements (contlnued) Year ended 31 December 2022 Costs of raising donations and legacies (conlinuerfj Unrestricled Funds Restrirted Total Funds Funds 2021 Rates & water Light & heat Repairs & maintenance Insurance Telephone stationery Rectory expenses Diocesan Assessment Printing, Church envelopes & magazine Sunday School: Prizes & materials Gifts & Gratuities RCB Covenanl Administrative Charges other - general fund Cleaning Professional fees Small equipment purchases Other- Building Fund Mission expenditure Burial costs Catering costs Bowling Glub expenditure 1.323 5,701 1,323 5,701 3,570 4,371 488 1,225 4.200 56,309 400 524 910 944 18,489 1,084 4,320 2,166 3,685 7,000 2,617 4,236 101 3,570 4,371 488 1,225 4.200 56.309 400 524 910 8,560 9,928 1,084 4,320 2,166 3,685 7.000 2.617 4,236 102 80,584 43,079 123,663 Independent examination fee 2022 2021 Fee payable to the independent examiner for. Independent examination of the finanaal ststements 550 550 11 Annaghamore Parish Church Notes to the Financial Statements (¢ontlnued) Year ended 31 December 2022 Tangible fixed assets Fixtures and fittings Cost At 1 January 2022 Additions Reversal of accrued costs 1,191,683 38,924 (72,200) 1,158.407 At 31 December 2022 Depreciation At 1 January 2022 and 31 Dècember 2022 Carrying amount At 31 December 2022 1,158,407 1,191,683 At 31 December 2021 Tangible fixad assets held at valuation The church owns the premises at 54 Moss Road, Portadown, Craigavon. County Armagh, BT62 1NB. Prior to 2016 the churth has not prepared a Statement of Financial Position, so details of costing are not available for that period. The property is insured with Arthur J Gallaghers as follow5.. Church building plus contents Church Hall building plus contents Rectory plus contents Defibrillator including cabinet £2.339,336 £2.090.940 £422,687 £1,580 Creditors: amounts falling due within one year 2022 2021 Bank loans and overdrafts Accruals and deferred income 69,222 51,631 72,200 69,222 123,831 Creditors: amounts falling due after more than one year 2022 2021 Bank loans and overdrafts 294,088 345,718 12 Annaghamore Parish Church Notes to the Financial Statements (continue(Q Year ended 31 December 2022 10. Analysis of charitable funds Unrestricted funds At1Jan22 Income Expenditure At 31 Dec 22 General funds 306,181 110.325 (80,941) 335,565 At1Jan21 Income Expenditure At 31 Dec 21 General funds 279,502 107,263 (80,584) 3C6,181 Restricted funds At1Jan22 Income Expenditure At 31 Dec 22 Restricted Funds 745,314 73,556 (42,551) 776,319 At1Jan21 In¢ome Expenditure At 31 Dec 21 Restricted Funds 697,598 90.795 {43,079) 745.314 13