St Matthias. Church, Ballyeglish Trustees, Annual report and Statement of Receipts and Payments and Assets and Liabilities For the year ended 31 December 2023 Charities Number: 104354
St Matthias. Church, Ballyeglish Annual report and financial ststements for the year ended 31 December 2023 Contents Pages References and administrative details of the Charity Trustees, report Independent Examiners Report to the Trustees Receipts and payments account Statement of 8ssets and liabilities Notes to the fin8nci81 statements 10-14
St Matthias, Church, Ballyeglish References and administrative detai18 Charity Name.. St Matthias, Church, Ballyeglish Charity Registration Number.. 104354 Contact Address.. The Rectory 24 Cookstown Road Moneymore Magherafelt Co Londonderry BT45 7QF Trustees Mr Edward Bates Mrs Clare Bates Mr Dénnis Bell Mr Wlfred Berryman Mr William Chambers Mrs Wilm8 Clarke Mrs Linda Harkness Mrs Helen Jones Mr MeNyn Jon8S Mrs Amanda Knox Mr Peter Simpson Mr Wilbert Stewart Revd Dr Adrian Stringer Mr Graeme Wallace Mr Stephen Wallace Prlnclpal Office-bearers Clergy.. Church Treasurer.. Church Secretary. Church Warden- Clergy.. Church Warden - People. Raverend Dr Adrian N Stringer Mrs Helen Jon8S Mrs Clare B8tes Mr Dennis Bell Mrs Wilma Clarke Independent Auditor David Lyttle + Co Ltd 15 Meeting Street Magherafelt Co Londonderry BT45 6BN Principal Bankers Danske Bank Donegall Square West Belfast BT16JS
St Matthias. Church, Ballyeglish Trustees, Annual Report for the year ended 31 December 2023 The trustees present the annual report and statements of Receipts and Payments and Assets and Li8bililies for the Church for the year ended 31 December 2023 Objectives and Activities The charitab18 purpose of the Church of Ireland is the advancement of religion. The principal function of St Matthias, Church, Ballyeglish is to support the advancement of the Christian religion by promoting, through their work the whole mission of the Church, pastoral. evangelistic, social and ecumenical. Being open to and engaging with society as a whole and offering support forthose needing help are fundamental to the practical delivery of the benefits of Christianity. As a result of activity in the pursuit of th8 advancement of the Christl8n religion, St Matthias, Church, Ballyeglish has custody of property and of records, materials and artefacts of significance to the cultural and religious heritage and Maintenan of which is undertaken by the select vestry of St Matthias, Church, Ballyeglish. Achievements. Performance & Public Benefit The Parish holds public worship at a variety of services each week throughout the church year Holy Communion, Morning Pray8r, Baptisms, Marriages and Funerals, There are s8rvic8s focusing on Advent, Christmas, Lent, Easter, Harvest etc. Our WhalsApp services continue each week for those unable to attend and evefy morning our rector continues to support Parishioners with a daily Bible reading and prayers. Sunday School continues on Sunday mornings at 9.30AM and we are grateful to parents for bringing their children each week 8nd to all our teachers for their dedication and support. Al 811 times we keep in mind our Safe Gu8rding Trust policy, Health and Safety requirements and regulations. The purpose of our charitable fund raising is not only for our own costs, but also for a variety of n88d Isae donations list note 8}. This is a tangible demonstration of our mission and outreach - a reach that covers both home and abroad. The Parish has given careful consideration to the Charity Commission for Northem Ireland's guidance on public benefit to ensure that the actlV8s entered into during the year h8ve helped to achieve the Parish's objectives and activities, as well as providing public benefit. Financial Review The results for the year are 88t out on page 8, which the Trustees consider lo be satisfactory. The reserves of the Parish are held for the advancement of its charitable purpose, other than restricted reserves which are held for a designated purpose - see note 9. Going Concem The trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate funds in place lo ensure that the Parish can continue ils activities and the financial statements for the year ended 31 December 2023 can be signed off as a going concern.
St Matthias, Church. Ballyeglish Trustees, Annual Report for the year ended 31 December 2023 (continued) Structure, Governance and Management Governlng Document and Constitutlon of the Charlty Chapter111 of the Constitution of the Church of Irel8nd govems Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees. Recruitment and Appointment of Select Vestry (Trustees) All members of the Church of Ireland who are over the age of 18 and are 81ther resident within the parish or liv8 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 lo attend and vote at meetings of th8 general v8Stry 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 Veslry will hold their positions for a period of one year. Select V8Stry members may be re-elected annually and there is no limit on the number of terms which m8y be served. Organisational Structure The select vestry is responsible for the day to day man8gement of the parish. The select vgstry consists of the m8mber of the clergy serNing in the p8rish, any curale assistant ("th8 curate'l, the churchwardens, the gleb8 wardens and generally not more than twelve other members of the general vestry elected at the General Vestry. The select vestry is chaired by the incumbent or other member of the clergy offic18ting in the parish. Select vestry members are responsible for making decisions on matters of g8n8ral conc8rn and importance to th8 parish including deciding how parish funds are to be applied. The select vestry meels at times fixed by the members or by the diocesan synod. Special m88lings may be convened at any time by the chairperson or the churchwardens. In 2023 the Select Vesiry met 7 times during the year and the average attendance was 859h. Routina issues have also been discussed and dealt with in the Select V8Stry IMiatsApp Group Compllanco wlth Publlc Beneflt 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 lo achieve the Parish's objectives and activities, as well as providing public benefit. Statement of Trustees. Responsibiliti88 The trustees 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. Th8 law applicab18 to charities in North8rn Irèland with Incomé of18SS than £250,000 requires the trustees to prepare a statement of receipts and payments and a stalement of assets and liabilities for each financial year.
St Matthias, Church, Ballyeglish Trustees, Annual Report for the year ended 31 December 2023{continued) ststement of Trustees. Responsibilities (continued) The trustees are responsible for keeping accounting records th81 are sufficient to show and explain the Parish's transactions and disclose with reasonable acracY 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 Snd other irregularities. Slgned on Behalf of the Trustees UL Helen Jones Trustee Clare Bates Trustee 10 April 2024 10 April 2024
St Matthias, Church, Ballyeglish Independent Examiners Report to the Trustees of St Matthias, Church. Ballyeglish I report on the accounts of the Trust for the year 8nded 31 D8cember 2023, which ar8 S8t out on pages 8 - 14. Respective responsibilities of charity trustees and examiner As the charity's truste8s, you are responsible for the preparation of the 8ccounts in accordance with the Charities Act (Northem Ireland) 2008. It is my responsibility to= examine the accounts under section 65 of the Ch8rities Act follow the procedures laid down in the general Directions given by the Commission under section 65(9J{b) of the Charities Act state whether particular matters have come to my attention. Basis of independent examinef8 report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordan with the general Directions given by the Charity Commission for Northem Ireland under section 6519)Ibl of the Charities Act. My ex8mination 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.. 1. That accounting records were not kepl in accordance with section 63 of the Charities Act 2. That the accounts do not 8ccord 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 raached. Independ I have conne th81 r t 8xamln8s statement pleted my ex ination and have no concems in respect of the matters (1) to14} listed above and, in with following e Directions of the Charily Commission for Northern Ireland, I have found no matters e drawing to y attention. en McGeagh BA Hons FC for and on behalf of Davld Lyttle + Chartered Accountants Statutory Auditors TA 10 April 2024 Ltd 15 Meeting Street Magheraf81t Co Londonderry BT45 6BN
St Matthias, Church, Ballyeglish Receipts and Payments Account for the year ended 31 December 2023 Unrestricted Restricted Funds Funds 2023 2023 Total Total Note 2023 2022 Recei Sustentation Plale collection Special Collections Property Fund Grft Aid rebate Grft Aid Small Donations rebate Bank & Deposit inter8St Investment income Other receipts RCB Covid revenue grant Total Recel t8 19,857.CM) 267.20 1,115.00 19,857.00 18,478.c(I 267.20 226.60 194.00 1,309.00 1,785,01 250.00 250.00 400,00 100.00 3,309.50 3,041.25 836.90 788.87 459.03 53.16 107.42 113.04 5,456.00 6,131.08 337.34 544.00 31,852.05 31,354.35 3,209.50 836.90 459.03 107.42 5,456.00 31,308.05 Pa ments Diocesan Assessment Church Running Costs Sunday School Costs Administration Costs Charitable Donations Total Pa ments 14,280.21 8,772.54 205.66 6,987.01 945.00 31,190.42 14,280.21 13,207.85 2,950.88 11,723.42 3,181.64 205,66 32.50 8.75 6,995.76 5,587.30 194.00 1,139.00 1,568.51 3,153.63 34,344.05 23,577.80 Excess of Recelpts over Payments for the year before transfers Capltal payment8 Transfers Excess of Receipts ovor Paymonts for the year 117.63 (2609.631 (2492.00) 14,718.76) (4,718.76) (2,720.001 7,776.55 (4601.13) (2609.63) {7210.76) 6,056.55
St Matthias, Church. Ballyeglish STATEMENT OF ASSETS & LIABILITES AS AT 31 December 2023 Unrestricted Funds 2023 Restricted Funds Total Funds Total Funds 2023 2023 2022 Funds Reconciliation Bank and Cash 8t start of year Net movement in funds 48,794.89 (4,601.131 2,609.63 51,404.52 (2,609.63) {7,210.76) 46,347.97 5,056.55 Bank and Cash at end of year 44,193.76 44,193.76 51,404.52 Bank & Cash Balances Current Accounls Deposit Accounts Cash Total Cash Funds 27,895.50 16,298.26 27,895.50 18,530.85 16,298.26 32,873.67 44,193.76 44,193.76 $1,404.52 OTHER ASSETS Investment Asset8 RCB Unit Trusts CIT Unit Trusts RCB Deposit Account Total Invastment A880ts 4,561.36 2,397.83 158,992.06 165,951.25 4,561.36 4,428.43 2,397.83 2,291.64 158,992.06 153,731.63 165,951.25 180.451.70 11 Asset8 retalned for the Parish's own u80 Church store & Toilet Glebe Land Carpark Total Assets retained for the Parl8h'8 own use 12,034.60 10,000.CO 7,630.76 12,034.60 12,034.60 10,000.00 10,000.C() 7,630.76 2,912.00 10 29,665.36 29.665.36 24,946.60 On Behalf of the Trustees Helen Jones Trustee Clare Bates Trustee 10 Aprll 2024 10 April 2024
St Matthias, Church, Ballyeglish Noles to the financial statements for the year ended 31 December 2023 1. 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 Statemenl of Assets and Liabilities (a) Receipts and Payments Account All items of income and expenditure includ8d within the Receipts and Payments Account have been account8d for on a cash receipts b8SIS. (b} Stalement of Assets and Liabilities The congr8gation has reviewed the basis on which it has prepar8d ils accounts and in order that these 8re prepared on a strict receipts and payments basis it has eliminated from ils fund balances any funds which are not held in bank or cash balances. Any other funds, which th8 congregation holds, in particular investments, 8re disclosed on the Statement of Assets & Liabilities. (l) Assets retalned for the Parish's own uso The assets of the Parish, retained for its own use comprise'.- Church Buildings and Graveyard Church Store & Toilet Gleb8 land The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS102}. These Heri18ge assets are not included in the slalement of assets and liabilities as information on the cost or valuation is not available and such information cannot be obtained 8t a cost comm8nsurate with the benefit lo the users of the accounts and to the parish. The Church store and loilet was built in 2013. It is recognised at cost of construction. No depreciation has been provided on the store and toilet block as the current estimated residual value is not less than its carrying value and the remaining useful lrfe currently exceeds 50 years. Glebe land has been valued as 1 acr8 at agricultural value of £10,000 per acre. 11) Investments Fixed asset inv85tments comprising investment properties, investments in equities (ordinary shares) and investment in RCBICIT Unit Trusts are initially recorded 81 cost and are then subsequently stated at fair value at each year end dat8. Investments in unquoted investm8nls are recorded at cost and are assessed annually for impairment, 10
St Matthias, Church, Ballyeglish Notes lo the financial statements for the year ended 31 December 2023 (continued) 2. Special collections Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Earl Haig Collection Embrace Nl Barnabas Aid Confirmation Service Harvest Envelopes TOTAL 194.00 194.00 142.00 28.25 28.25 206.51 1,380.OQ 1785.01 1,115.00 1 115.00 1,115.00 1 309.00 194.00 3. Property fund Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Parishioner donations TOTAL 250,00 250.00 250.00 250.00 400.00 400.00 4. Other rncelpts Unrestrlcted Restrlcted 2023 2023 Total 2023 Total 2022 Auction proceeds1400h share) Mid Ulster Farming Fun Day proed$ {40% share) Donation Miss Jeannie Colhoun Donations in memory of the late Mrs J Murdoch Baptism donation - K French Energy support paymenl Funeral donation - family of lale Mary Smyth TOTAL 296.00 5,130.08 100.00 505.00 100.00 4,706.00 100.00 4,706.00 100.00 600.00 50.00 5 456.00 600.00 50.00 5 456.00 6 131.08 5. Church running costs Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Automation of Church bell Electricity Fire Saf8 protection services Guest preachers Insuran Music copyright licence Relief organist Repairs Water rates TOTAL 3,912.00 2,052.13 50.94 50.00 1,830.46 142.00 80.00 566.32 88.69 8 772.54 3,912.00 2,052.13 50.94 50.00 1,830.46 142.00 80.00 3,517.20 88.69 2 950.88 11723.42 1,097.67 50.94 60.00 1,640.25 133.00 120.00 2,950.88 79.78 3 181.64
St Matthias. Church. Ballyeglish Notes to the financial statements for th8 year ended 31 December 2023 (continued) 6. Sunday School costs Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Easter eggs Prizes Selection boxes TOTAL 22.50 149.94 33.22 205.66 22.50 149.94 33.22 32.50 32.50 205.66 7. Admlnistration costs Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Audit fees Annual reports Bank fees Caretaker Christmas Gifts Confirmation Bibles Free will offering envelopes Gift Grft aid admin f8es Contribution towards Moneymore Rectory costs Mid Ulster Farming Fun Day expenses140%) St John's - chairs 400 Jubilee celebration expenses Lawn mowing costs L8wnmower repairs & fuel Poppy wreath Stalion8rylPrinting Sundry expenses Wedding gift TOTAL 360.00 140.00 111.92 600.00 455.00 360.00 140.00 111.92 600.00 455.00 318.00 156.00 92.12 600.00 445.50 35.04 171.77 195.60 105.00 300.16 1,465.35 2,214.74 195.60 105.00 308.91 1,465.35 2,214.74 8.75 293.31 1,416.44 607.51 240.00 215.00 600.00 95.53 30.00 135.97 35.11 100.00 5,587.30 600.00 229.00 25.00 133.80 51.44 600.00 229.00 25.00 133.80 51.44 6 987.01 8.75 6,995.76 12
St Matthias, Church, Ballyeglish Notes to the financial statements for th8 year ended 31 December 2023 (continued) 8. Charftable donations Unrestricted Restricted 2023 2023 Total 2023 Totsl 2022 Age Corscern Air Ambulance Armagh Diocese Board of Ministry AYDC BoardlDoic of Armagh Youth Grant Barnabas Aid Bishops, Appeal Indian COVID 19 Church Army Church of Ireland Board Of Education Church of Ir81and - family routes Church of Ireland Children's Min Group Church of Ireland Retirement Trust Church's Ministry of Healing CMJ Ireland CMS Ireland Embrace Nl Leprosy Mission Mission to Seafarers Nl Protestanl Orphan Society RBL Poppy appeal SAMS St Mark's Buildinng Fund - Rector on a tractor The Bible Society The Hub (COI C8nlr8 at Queensl USPG TOTAL 35.00 100.00 35.00 100.00 35.00 100.00 206.51 100.00 100.00 100.00 100.00 70.00 25.00 30.00 25.00 45.00 35.00 35.00 125.00 70,00 25.00 30.00 25.00 45.00 35,00 35.00 125.00 70.00 25.00 30.00 25.00 45.00 35.00 35.00 125.00 100.00 30.00 35.00 55.00 142.00 30.00 75.00 35.00 100.00 35.00 1568.51 30.00 35.00 55.00 30.00 35,00 55.00 194.00 30,00 194.00 30.00 35.00 100.00 35.00 945.00 35.00 100.00 35.00 1139.00 194.00 9. Movement in Funds At1Jan Incomlng Outgolng Transfers 2023 Resources Resources At 31 Dec 2023 Restricted funds Special Collections Property Fund 194.00 350.00 194.00 2,959.63 2,609.63 2,609.63 544.00 3,153.63 Unrestricted funds General Fund 48,794.89 31,308.05 35,909.18 44,193.76 48,794.89 31,308.05 35,909.18 44,193.76 Total funds 51,404.52 31,852.05 39.062.81 44,193.76 13
St Matthias, Church, Ballyeglish Notes to the financial statements for the year ended 31 December 2023 (continued) 10. Assets retained for the Parish's own use Church Store & Toilet Glebe Land Carpark Total Opening cost at 1 Jan 2023 Additions Disposals Closing cost at 31 Dec 2023 12,034.60 10,000.00 2,912.00 24,946.60 4,718.76 4,718.76 12,034.60 10,000.00 7,630.76 29,665.36 11. Investment Assets Representallve Church Body RCB Deposit Account CIT Investment Total Openlng c08t at 1 Jan 2023 Interest Changes in valuation Additions Closing cost at 31 Doc 2023 2,291.64 4,428.43 153,731.63 160,451.70 4,878.43 4,878.43 239.12 382.00 382.00 4,561.36 158.992.06 165,951.25 106.19 132.93 2,397.83 12. Transactlon8 wlth the Trustees The Parish paid a contribution of £1 ,465.35 towards the running costs of Monaymore Rectory which is occupi8d by the redor. There were no Ir8ns8Ctions with the trustees during the year. No trustee received any remuneration or reimbursement of expenses during the year, other than Mr Stephen Wall8ce who received £1200 as an honorarium for his role as the Parish caretaker and Parish groundsman. No trustee or a person related to a trust88 had any person81 interest in any contract or transaction entered into by th8 charity during the year. 14. Govemancè Costs Governanc8 costs of £360 were incurred during the year of which £360 relates to fees paid to the independent examiner. GOVarnan costs are included within Administration costs in the Receipts and Payments Accounts. 14