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 purpose of the Church of Ireland is the advancement of religion. The principal function 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 n¢¢ding help are fundamental to the practical delivery of the benefits of Christianity. As a result of activity in the pursuit of th¢ 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 Servicel Baptism and Morning Prayer together with various other special services during the 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 (continued) Aehievements, Performance & 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 Reverend 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. Th¢ activities outlined above demonstrate how Loughgilly 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. Loughgilly Parish Church has mitigated any pot¢ntial harm from the activities through the implementation of the Church of Ireland policy on Safeguarding Trust. The Parish has given car¢ful 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 CostslAssessment and glebe / rectory ¢xpenses. Loughgilly Parish Church had an deficit of rcceipts 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 sufficicnt reserves to meet its expected future expcnditure requir¢ments as well as potential future capital projects. 31Page
Trustees, Annual Report for the year ended 31 December 2023 (continued) Structure, Governance aDd Management Going Concern The trust¢es have reviewed its planned expenditure 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 31 December 2023 can be signed off as a going concern. Governing Documenl and Conslilulion of the Charily Chapter Ill of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees. Recruilmenl andAppointmenl of Select Yes¢ry (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 th¢ 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 Vesty will hold th¢ir positions for a period of one year. Select Vestry members inay be re- elected annually and there is no limit on the number of terms which may be served. Organisational Slruc¢ure The Select Vesty is responsible for the day to day management of the Parish. The Select V¢stry consists of the Rector, the Churchwardens, the People's Glebewarden and generally not more than twelve other members of the general vestry. Th¢ Select Vestry is chaired by the Rector or other member of the clergy officiating in the parish. Sclect 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 with Public Benefit 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) St2temeDt of Tru5tees' Responsibilities The tsteeS are responsible for preparing the Tru%tees' Report and the statem¢nt of rcceipts and payments and statement of asseis and liabilities in accordance w'ith applicable law and reL7ulations. The law applicable to charitics in Northem Ireland with Income of less than £250,000 requires the trustees to prepare a staternent of Teceipts and payments and a statement of asseis and liabilities for each financial year. The trustees aTe responsible for keeping accounting records thai are sufficient lo show and explain the Parish's transactions and disclose wilh reasonable accuracy at anv lime the assets and liabilities of the Parish. They are also responsible for safeguarding ihe assets of the Parish and hence tor taking reasonable steps for the prevention and detection of fraud and oiher irregularitiC5. Signed on Behalf of the Trustees Mr Philip Rea Treasurer Mrs Doris Hgmilton Secretary