Altedesert Parish Church Trustees. Annual Report and Statement of Receipts and Payments and Assets and Liabilities For the Year Ended 31st December 2023 Charities Number:_ NIC104357
Altedesert Parish Church Annual Re ort and Financial Statements for the Year 31st December 2023 Con Pages References and administratlve details of the Charity Trustees, Report Independent Examiners Report to the Trustees Recelpts and Payments Account statement of Assets and Liabilities Notes to the Financial Statements 10-12
Altedesert Parish Church Referen es nd Administrativ De Ch rit Nam Altedesert Parish Church Chari Re istration Number: NIC104357 Address. Thelma Slnnamon 113 Granville Road Dungannon Co.Tyrone BT70 INW Trustee Mr Har Brown Mr William George Mccausland Mrs Shirley Boyd Mrs Ruth Barnes Mr Ronnie Matthew Sm th Mrs Hazel Margaret Flona 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-Be rers Cler Church Treasurer: hurch Warden Cler Church Warden - Peo Reverend Diane Matchett Mrs Ruth Barnes Mrs Hazel Margaret Fiona McElmurry Mr Gareth Boyd Inde ndent Examiner Seamus O'Nelll FCA Weir & Co.(Chartered Accountants) Moneymore Old Post Office 23 High Street Moneymore Magherafelt BT45 7PA Bankers Ulster Bank 39 Market Square Dungannon Co Tyrone BT70 IJJ
Trustees, Annual Re for the ear ended:_ ort 31st December 2023 The Trustees present the Annual Report and Statements of Receipts and Payments and Assets and Liabilities for A5tedesert Parish Church for the year 315t December 2023. ectives nd Activities 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 nefi Achievem nt Perform nce Pu licB The Advancement of the Christian Rellgion. The Parish Church exists primarllyi and above all else, as a place of Christian worshlp. Servlces of public worship are held on Sundays throughout the year at 10.15am. Holy Communion Is celebrated once a month and Morning Prayer (Holy Baptlsm 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 2023 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 helped to achieve the Parish's objectives and activities, as well as providing public benefit. Fin ncial Revi Flnancial Reports are reviewed throughout the year and a review on completion of the Annual Accounts. Total Receipts (£32,926) for the year ended 31sr December 2023 were exceeded by Total Payments (£36,496) by £3,570, decreasing the total cash funds held to £73,192 from £76,762. (Pages 8&9)
in Concern The Trustees have reviewed the budgets for the year ahead and are satlsfied that there are adequate funds in place to ensure that the Parish can continue its activities and the financial statements for the year ended 31st December 2023 can be signed off as a going concern. Structure, Governance and Management Do ons ituti vernin um rit Chapter III of The Constitution of the Church of Ireland governs Parishes and Parochial Organisations. The Select Vestry members are the Charity Trustees. nt of Selec Vest Trus cruitment and A ointm ees 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 meetlngs of the General Vestry and to stand for election to the Select Vestry. Meetings of the general vestry are he5d at least once a year. The Select Vestry is elected as 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 Simit on the number of terms which may be served. Pa and Remunerati 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 ani tional tructure 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 sn 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 maklng decisions on matters of general concern and Importance to the parish Including how parish funds are to be applied. The Select Vestry meets at tlmes fixed by the members. Special meetings may be convened at any time by the chairperson or churchwardens. In 2023 the Select Vestry met 9 times during the year and the average attendance was 740/0. om nce with Public Benefit Altedesert Parish Church has given careful consideration to the Charity Commisslon 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 beneflt.
tatement f Tr stees, Res onsibilities 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 appllcable to charitles in Northern Ireland wlth 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 transactlons 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. ofth Tr eg Date:_ a(
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 2023, whlch are set out on pages 8 to 12. Respectlve responslbilities of charity trustees and examiner As the charity's trustees you are responslble for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibllity 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 sectlon 65 (9) (b) of the Charities Act; and, State whether particular matters have come to my attention. Basis of independent examlner's report I have examined your charity accounts as required under section 65 of the Charitles Act and my examination was carried out in accordance with the general directions given by the Charity Commlssion for Northern Ireland under section 65 (9) (b) of the Charities Act. My examlnation included a review of the accounting records kept by the charity and a preparation of the accounts from those records. It also included conslderation 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 materlal 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 accounts do not comply with the accounting requlrements 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 connectlon with the following the Directions of the Charity Commission for Northern Ireland, I have found no matters that requlre drawing to your attention. Signed: Name: Seamus O'Neill FCA Weir & Co. Chartered Accountants, Moneymore Old Post Office 23 High Street, Moneymore, BT45 7PA. ) o"aMU <c Date: 24June 2024
Alt dese Parish SAC Unrestricted Restricted Endowment Funds Funds Funds Total 2023 Total 2022 Recei Donations & plate collection & Gift Aid Rebate Note 3 Fundraising Rental of Lands Other Receipts Grant income- energy support Nl Bequests Rental of Premises Bank & Deposit Interest 25,513 50 1,526 22,067 1.156 1,800 14 25,513 50 1,526 1,200 1.208 3,120 309 32,926 1,200 1208 3,120 309 32,926 3.120 24 28,181 Payments Diocesan CostslAssessm¢nt Church & Hall Running Costs Remuneration Administration Costs Maintenance Costs Charitabl¢ Donations Bank Charges Total Payments 13,041 4,903 750 3,123 6,948 292 161 29,218 14,175 4,537 1,400 2,360 13,572 282 170 36,496 14,175 4,537 1,400 2,360 13,572 282 170 36,496 Excess of Receipts over payments For the year 3,570 (3.570) (1.037) Be4 -1
Altedesert Parish Ch Stat ntofAs rch and Lia at 1st Dec 23 Unr¢stricted Funds Restricted Endowment Funds Funds Total 2023 Total 2022 Cash Funds Current Accounts Total Cash Funds 73,192 73,192 73,192 76,762 73,192 76.762 Investment Assets Bcnjalllin Hellry Isaac Sinnamon Bequegt Other bequests Total Investment Assets 284,061 284,061 275,783 27.748 27,748 27,748 311,809 311,809 303,531 Assets retained for the Parish's own use - Note I Church Building & Graveyard Parish Hall Glebe House (Rectory) & Lands Fixturei & Fittings Total Assets retained for the Parish's own use 524,513 631,648 26,602 524,513 524,513 631,648 631,648 26,602 33,703 1,182,763 1,182,763 1,189,864 Total Assets 1,255,955 311,809 1,567,764 1,570,157 CL Date:
No esto he Financial S tements for th ear nded IstD cemb r2 Accounting Policies Set out below are the princlpal 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 (i) Assets retained for the Parlsh s own use The assets of the Parish, retained for its own use comprise:_ Church Bullding and Graveyard Parish Hall Glebe House Glebe Lands Fixtures and Fittings The Church Buildlng 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 beneflt 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 depreclation 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 uslng 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 Cash Funds at 0110112023 Receipts for the Year Payments for the Year Total Cash Funds at 3111212023 76,762 77,799 Page 8 32,926 28,181 Page 8 (36,496) (29,218) 73,192 76,762 10
Donations & plate collection 2023 16,710 3,011 2,448 733 900 1,131 580 25,513 2022 15,089 3,047 2,305 1,626 FWO Gift aid Harvest appeal Other income Donations re late Sidney Boyd Gas & electric reimbursement New hall donations 22,067 Movement in Funds Atl Jan2023 Incoming Resources Outgoing Resources Assets & Investments Transfers Dec2023 At31 Endowment Funds Benjamin Henry Isaac Sinnamon Bequest Other bequests 275,783 8,278 284,061 27,748 303,531 27,748 311,809 8278 Unrestricted Funds 32,926 32,926 36,496) (36,496) 7,101 7,101) 1,255,955 1,255,955 General Fund 1,266,626 1,266,626 Total Funds 1,570,157 32,926 (36,496) 1,177 1,567,764 Purposes of Endowment Funds Benjamin Henry Isaac Sinnamon Bequest: Interest earned is to be invested and the income used as necessary for the repalr exclusively of Altedesert Parlsh Church and any income not spent each year is to be added to the capltal fund.
Collections for Third Parties 2023 2022 Poppy Appeal Bishop's appeal UNICEF Niamh Louise foundation 96 130 157 70 65 56 282 292 The above amounts have been Included In Receipts for the Year under Donatlons & 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