Loughgilly Parish Church Trustees, Annual report and Statement of Receipts and Payments and Assets and Liabilities For the year ended 31 December 2023 IF Charities Number: NIC104301 Loughgilly Parish Church Annual report and financial statements for the year ended 31 December 2023 Contents Pages References and administrative details of the Charity Trustees, report Independent Examiners Report to thc Trustees Receipts and payments account Statement of assets and liabilities Notes to the financial statements 9- 11 Loughgilly Parish Church References and administrative details Charity Name: Charity Registration Number: Contact Address: Loughgilly Parish NIC104301 115 Gosford Road, Loughgilly, Armagh, B T60 2DS Trustees R¢vd Graham Spence Mr Philip Rea Mr William Moore Mrs Doris Hamilton Mr Norman Liggett Mr Colin Brown Mrs Jill Carson Mr Andrew Mcconnell Mr David McIlroy Mr Keith Cummins Mrs Irene Cummins Mr Will Glendinning Mr Joseph Lockhart Mrs Yvonne Moore Mr Donovan Robb Mr Houston Dillon Principal oifiee-bearers Rector: Rector's Church Warden: People's Church Warden: Church Treasurer: Church Secretary: Revd Graham Spence Mr William Moore Mr Houston Dillon Mr Philip Rea Mr Doris Hamilton Independent Examiner JDMR Limited Chartered Accountants & Registered Auditors 16 Church Street Dungannon Co Tyrone Principal Bankers Danske Bank POBOX 183 Donegall Square West Belfast BTI 6JS I |Page Trustees, Annual Report for the year ended 31 December 2023 The trustees present the annual report and statements of Rec¢ipts and Payments and Assets and Liabilities for Loughgilly Parish Church for the year ended 31 December 2023. Objectives and Activities The charitable purposc of the Church of Ireland is the advancement of religion. The principal fvnction of Loughgilly Parish Church is to support the advancement of the Christian religion by promoting, through the work of Loughgilly 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 fundam¢ntal to the practical delivery of the benefits of Christianity. As a result of activity in the pursuit of the advancement of the Christian religion, Loughgilly 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 Loughgilly Parish Church. Achievements, Performance & Public Benefit Loughgilly Parish has weekly Services on Sunday mornings comprising of a mix of Holy Communion, Family Service/ Baptism and Morning Prayer together with various other special services during th¢ year e.g. Holy Week services, Harvest Thanksgiving services and Christmas Carol services. Pastoral care is also provided. There is also a thriving Sunday school. 21Page Trustees, Annual Report for the year ended 31 December 2023 (eontinued) Achievements, Perfonnance & Public Benefit (continued) Loughgilly Parish Church is part of a group along with Acton and Drumbanagher Parish Churches. The Rector of the Group is the R¢verend Graham Spence. One member of the Parish serves on the Board of Governors of Mountnorris Primary School and supports and encourages the work of the school. The activities outlined above demonstrate how Loughgilly Parish Church continues to implement its charitsble purposes (i.e. the advancement of religion) and meets the Public benefit requirement. Ben¢fits to members of the public include contributing to spiritual well-b¢ing of participants and the reinforcement of Christian values. Loughgilly Parish Church has mitigated any potential harni from the activities through the implementation of the Church of Ireland policy on Safeguarding Trust. The 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 The principal source of income of Loughgilly Parish Church continues to be from Donations and Plate Collections. The principal expense of Loughgilly Parish Church is in respect of payments regarding Diocesan Costs/Assessment and glebe / rectory expenses. Loughgilly Parish Church had an deficit of receipts over payments before other gains of £8,497.71 for the year ended 31 December 2023. Loughgilly Parish Church continues to be in a healthy financial state as at 31 December 2023 with total cash funds of £56,868.64. Loughgilly Parish Church aims to retain sufficient reserves to meet its expccted future expenditure requirements as well as potential fvture capital projects. 31Page Trustees, Annual Report for the year ended 31 December 2023 (continued) Strueture, Governance and Management Going Concern The trustees have reviewed its planned exp¢nditure for the year ahead and are satisfI¢d that thcre are adequate funds in place to ensur¢ that the Parish can continue its activities and the financial statements for the year ended 31 December 2023 can be signed off as a going concern. Governing Document and Conslilulion of the Charity Chapter III of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members arc the Charity Trustees. Reeruitmenl andAppoinlmenl ofselecl Vestry (Trustees) All members of the Church of Ireland who are over thc 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 Vesty is elected as part of this General Vesty 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. Organisational Siructure The Select Vesty is responsible for the day to day management of the Parish. The Select Vesty consists of the Rector, the Churchwardens, the People's Glebewarden and generally not more than twelve other members of the general vestry. The Select Vestry is chaired by the Rector or other member of the clergy otTiciating in the parish. Select vestry members are responsible for making decisions on matters of general concern and importance to the parish including deciding how parish funds are to be applied. The Select Vestry 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. Compliance wilh Public Benefil The Parish has given careful consideration to the Charity Commission 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 providing public benefit. 41Page Trustees, Annual Report for the year ended 31 December 2023 (continued) Statement of Tru5tees' Responsibilitics The trustees arc responsible for preparinu) tlie Trustees Report and the statement of rcceipts and paymenls and statement of assets and liabilities in accordance w'ith applieable law and rcgulations. The law applicable to charities in Northern Ireland with Income of less than £250.000 requires the trustees to prepare a statement of Tcceipts and payments and a statement of assets and liabilities tor each financial year. The trustees are responsible for keeping accounting records thal are sufficient to show and exp12in the Parish's transactions and disclose wilh reasonable accuracy ai any time the asseis and liabililies of the Parish. They are also responsible for safeguarding ihe assets of ihe Parish and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie5. Signed Behalf of the Trustees IL Mr Philip Rea Treasurer Mrs Doris Hamilton Secretary Independent Examiners Report to the Trustees of Loughgilly Parish Church Res ective res onsibilities of the trustees and examiner The charity's trustees responsibility for the preparation of the trustees report and the accounts, as set out on pages 2 to I I, in accordance with applicable North¢rn Irish law and th¢ accounting standards issued by the Accounting Standards Board and published by The Institute of Chartered Accountants in Ireland (Generally Accepted Accounting Practice in Northern Ireland) are set out in the Statement of Trustees, R¢spoDsibilities on page 5. The charity's trustees consider that an audit is not required for this y¢ar but have requested that an independent examination be carried out. It is my responsibility to: Examine the accounts To follow the procedures laid down in the gencral directions given by the terms of our engagement and To state whether particular matters have come to my attention. This report, including the statement, has been prepared for and only for the charity's trustees as a body in accordance with the temis of our engagement and for no other purpose. We do not, in giving this statement, accept or assume responsibility for any other purpose or to any other person to whom this report is shown or into whose hands it may come save wher¢ expressly agreed by our prior consent in writing. Basis of inde endent examiner's statement My examination was carried out in accordance with general directions given by the tenns of our engagement. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented within those records. It also includes consideration of any unusual items or disclosures within th¢ accounts, and s¢¢king explanations from th¢ trust¢¢s concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts provide a 'true and fair, view and the report is limited to those matters set out in the statement below. Inde endent examiner's statement In connection with my examination of the financial statements for the year ended 31 December 2023, no matter has come to my attention which gives me reasonable cause to believe that, in any material respect, the requirements: to keep accounting records to prepare accounts which accord with the accounting records and comply with accounting requirements have not been met 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of th¢ accounts to be reached. Jonathan Ruddell For JDMR Limited Chartered Accountants & Registered Auditors Dungannon June 2024 61Page Receipts and Payments Account for the year ended 31 Deeember 2023 Unresirieted Designaled Re5trirted fund5 funds funds 2023 2023 2023 Tot&1 Total funds 2022 2023 Receipis Donaiinn3 & plaic colleclioiis Proceeds from Fuiid Raisingr r.vcnis Bank & Deposit intercsl Invcslmeni income Renial of preinises Other Receipts Receip15 fmm Parish Organisaiiu115 Total Receipts ?5.010.71 341.00 25.351.71 30.617.Oi 139.97 143.69 3.058.21 1.029.00 117.50 257.47 123.73 143.69 146.41 3,058.21 3.480.04 1:029.00 17.421.07 29,381.58 117.50 341.110 29,840.08 51,788.30 PaJ'meii¢s Diocesan cosi￿ASs￿sm