Altedesert Parish Church Trustees. Annual Report and Statement of Receipts and Payments and Assets and Liabilities For the Year Ended 31st December 2022 Charities Number:_ NIC104357
Altedesert Parish Church Annual Re ort and Financial Statements for the Year Ended:_ 31st December 2022 C ntents Pages References and administrative details of the Charity Trustees, Report Independent Examiners Report to the Trustees Receipts and Payments Account Statement of Assets and Liabilities Notes to the Financial Statements 10-12
Altedesert Parish Church Re ren s and Admin" iv Details Charit Altedesert Parish Church Charit Re mber: NIC104357 nt ct Address: Thelma Sinnamon 113 Granville Road Dungannon Co.Tyrone BT70 INW Mr Har Brown Mr William George Mccausland Mrs Shirley Boyd Mrs Ruth Barnes Mr Ronnie Matthew Sm th Mrs Hazel Margaret Fiona McElmur Mr Gareth Boyd Mr David Black Mrs Adele Stewart Mrs Christine Watt Mr Thomas Charles Watt Mr Colin Stewart Mr Eric Lyttle Mr Kevin Corcoran Mr Noel Sinnamon Rev. Diane Matchett Mr Graeme Clarke Mrs Thelma Sinnamon Princi al Office-Bearer Cler Church Treasurer: Churc Warde Cler Church Warde Peo Reverend Diane Matchett Mrs Ruth Barnes Mrs Hazel Margaret Fiona McElmurry Mr Gareth Boyd miner Seamus O'Neill FCA Weir & Co.(Chartered Accountants) Moneymore Old Post Office 23 High Street Moneymore Magherafelt BT45 7PA Ulster Bank 39 Market Square Dungannon Co Tyrone BT70 IJJ
Trustees. Ann alRe for the ar ended:_ rt 1st December 2022 The Trustees present the Annual Report and Statements of Receipts and Payments and Assets and Liabilities for Altedesert Parish Church for the year 31st December 2022. ectiv and Act" ies The principal function is to support the advancement of the Christian religion by promoting through the work of the Parish 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 is fundamental to the practical delivery of the tenets of Christianity. As a result of activity in pursuit of the advancement of the Christian religion, the Parish has custody of a large body of records, materials and artefacts of significance to the cultural heritage, the maintenance of which is undertaken by the Parish as a secondary charitable purpose Achieveme nce & P blic Benefi The Advancement of the Christian Religion. The Parish Church exists primarily, and above all else, as a place of Christian worship. Services of public worship are held on Sundays throughout the year at 10.15am. Holy Communion is celebrated once a month and Morning Prayer (Holy Baptism as requested) for the other Sundays of the month. Weekday services such as Mid-week Holy Communion, Ash Wednesday Service, Harvest Service and Confirmation with Holy Communion take place in the Parish Church. Holy Week Services focusing on the central pillar of the Christian faith, the death and resurrection of Jesus occur each year. The Parish is in the terminology of the Church of Ireland, mostly'resident, members with a small number of 'accustomed' (persons living outside the parish boundary) members. The average number of parishioners in 2021 for Sunday worship would be 35. This is a relatively vibrant parish and the range of parishioners is from a few months to 90yrs. Worship and Pastoral Care. The Parish Church is chosen by parishioners to mark significant events in their family life. In the course of 2022 the following took place - Funeral services and Baptisms. The Rector visits parishioners who are sick, at home or in hospital, or in residential/nursing homes. She celebrates The Holy Communion with those unable to attend the Parish Church at Christmas and Easter, and at other times as requested. 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 he5ped to achieve the Parish's objectives and activities, as well as providing public benefit, Financi view Financial Reports are reviewed throughout the year and a review on completion of the Annual Accounts. st Total Receipts (£28,181) for the year ended 31 December 2022 were exceeded by Total Payments (£29,218) by £1,037, decreasing the total cash funds held to £76,762 from £77,799. (Pages 8&9)
Goin Concern The Trustees have reviewed the budgets for the year ahead and are satisfied that there are adeouate funds in place to ensure that the Parish can continue its activities and the financial statements for the year ended 31st December 2022 can be signed off as a going concern. structure, Governance and Management vernin ument and stitution h Charit Chapter III of The Constitution of the Church of Ireland governs Parishes and Parochial Organisations. The Select Vestry members are the Charity Trustees. Recruitment a ointme f Select Vest 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 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 Vestry is elected a5 part of this General Vestry 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. nd Remuneration The Rector is not paid directly by the parish. A Quarterly assessment is paid to the Diocesan Office which comprises of the following five elements:_ Sustentation (Stipends and Locomotory Allowances) Expenses of Office Allowance "Employers" National Insurance Contributions "Employers" Clergy Pension Fund Contribution Diocesan Expenses Account anisat" I structure The Select Vestry is responsible for the day to day management of the Parish. The Select Vestry consists of the member of the clergy serving in the Parish, the church wardens, the glebe wardens and generally not more than twelve other members of the general vestry at the General Vestry. The Select Vestry is chaired by the Incumbent. Select Vestry members are responsible for making decisions on matters of general concem and importance to the parish including how parish funds are to be applied. The Select Vestry meets at times fixed by the members. Special meetings may be convened at any time by the chairperson or churchwardens. In 2022 the Select Vestry met 9 times during the year and the average attendance was 74 % . nc with Public Benefi Altedesert Parish Church 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.
State t fTrus on ilities The trustees are responsible for preparing the Trustee's 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 in Northern Ireland with income of less than £250,000 requires the trustees to prepare a statement of receipts and payments and statement of assets and liabilities for each financial year. The trustees are responsible for keeping accounting records that are sufficient to show and explain the Parish's transactions 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 taking reasonable steps for the prevention and detection of fraud and other irregularities. n Behalf of t stees tee Date:_
Inde endent Examiners Re of Altedesert Parish Church ort to the Charit Trustees I report on the accounts of Altedesert Parish Church for the year ended 31st December 2022, which are set out on page5 8 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; and, 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 Charities 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 preparation of the accounts from 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 account5 do not comply with the accounting requirements of the Charities Act; and, 4. That there is further information 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 I to 4 listed above and, in connection with the following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Signed: Name: Seamus O'Neill FCA Weir & Co. Chartered Accountants, Moneymore Old Post Office 23 High Street, Moneymore, BT45 7PA. Date: 25 May 2023
Altedesert Parish Church Recei tsan ments Account for th ear ended 31st D mber 2022 Unrestiicted Funds Restricted Endowment Funds Funds Total 2022 Total 2021 Recei Donations & plate colleclion & Gift Aid Rcbate Fundraising Rental of Lands Other Receipts Beqiitsts Rental of Premises Bank & Deposit Interest ote3 22,067 1,156 1,800 14 22,067 1,156 1,800 14 23,613 365 1,800 16 1,923 3,120 12 30,849 3,120 24 28,181 3,120 24 28,181 Payments Diocesan COstAsSessment Church & Hall Running Costs Remuneration Administration Costs Maintenance Costs Charitable Donations Bank Charges Tota] Payments 13,041 4,903 750 3,123 6,948 292 161 29,218 13,041 4,903 750 3,123 6,948 292 161 12,515 2,016 520 2,848 7.371 312 156 25,738 29,218 Excess of Receipts over payments For the year 1.037 (1,03 5,111 ste Js.s.J3.
Altedesert Parish Church Statem nt of Ass ts and Liabiliti s as at 31st December 2022 Unrestricted Funds Restricted Endownient Funds Funds Total 2022 Total 2021 Cash Funds Currellt Accounts Total Cash Funds 76,762 76,762 76,762 77,799 76,762 77,799 Investment Assets Benjamin Henry Isaac Sinnamon Beqliest Other bequests Total Investment Assets 275.783 275,783 297,213 27,748 27,748 29,904 303,531 303,531 327.117 Assets retained for the Parish's own use- Trlote I Church Building & Giaveyaid Parish Hall Glebe House (Rectory) & Lands Fixtures & Fittings Total Assets retained for the Parish's own use 524,513 631,648 33,703 524,513 524,513 631,648 631,648 33,703 40,805 1.189,864 1,189,864 1,196,966 Total Assets 1.266,626 303,531 1,570,157 1,601,882 Date:
Note to the Financial tatements f rthe ear en ed 31st December 2 22 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 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 Liabilities Assets retained for the Parish's own use (i) The assets of the Parish, retained for its own use comprise:_ Church Building and Graveyard Parish Hall Glebe House Glebe Lands 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 information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish. The Glebe House & Parish Hall are recognised at deemed cost, being the value placed on each of the properties for insurance purposes. No depreciation has been provided on these as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. The Glebe lands comprising of 13 Acres are valued using regional agricultural land costs of £10,000 per acre. Fixtures and fittings are recognised at cost and are depreciated on a straight-line basis over a period of 5 years. Reconciliation of Cash Funds Total CasEL Funds at 0110112022 Receipts for the Year Payments for the Year Total Cash Funds at 3111212022 77,799 72,688 28,181 30,849 (29,218) 25,738) 76,762 77,799 Page 8 Page 8 10
Donations & plate collection 2022 15,089 3,047 2,305 1,626 2021 15,138 2,839 1,838 258 3,540 23,613 FWO Gift aid Harvest appeal Other income Donations in lieu 22,067 Movement in Funds At 0110112022 Incoming Resources Outgoing Resourbes A53ets & At31 Invvslment5 Transfers Dec2022 Endowment Funds Benjamin Henry 151ac Sinnaixon Bequest Other bequests 297,213 (21,430) 275,783 29,904 327,117 (2,156) (23,586) 27,748 303,531 Unrestricted Funds General Fund 1,274,765 1,274,765 28,181 28,181 (29,218 (29,218) (7,102) (7,102) 1,266,626 1,266,626 Total Fund5 1,601,882 28,181 29,218) (30,688) 1,570,157 Purposes of Endowment Funds Benjamin Henry Isaac Sinnamon Bequest: Interest earned is to be invested and the income used as necessary for the repair exclusively of Altedesert Parish Church and any income not spent each year is to be added to the capital fund. 11
Collections for Third Parties 2022 2021 Poppy Appeal Bishop's appeal UNICEF Marie Curie 157 70 65 112 200 312 292 The above amounts have been included in Receipts for the Year under Donations & Plate Collection and in Payments under Charitable Donations. Transactions with the Trustees No trustee or a person related to a trustee had any personal interest in any contract or transaction entered in to by the charity during the year. Governance Costs No governance costs were incurred during the year. 12