ST. Mark's Parish Church Portadown Annual Report and Financial Statements For the year ended 31" December 2022 Charities Number: NIC 104635
Contents Pages General Information Truslees, report Independent Exajniners Report Receipts and Payments Account Statement of Assets and Liabilities Notes to the Accounts 10-12
General Inforniation Charity Name: St. Mark's Parish Church Portadown Charity Registration Number: NIC104635 Contact Address: The Church OITice Fergus Hall Church Street Portadown BT62 JLN Trustees Mrs A Devlin, Mr L Devlin, Mr W Quinn, Mr P StewarL Mr R Henry. V Coulter, Mr T Flannagan, Mrs A Kennedy, Mr S Guy, Mr M Livingstone, Mr K McGuinness. Mr H Simpson, Mr G Wilson, Mr S Topl¢y, Mr P Walker Principal Office-bearers Clergy: Church Tre&surer: Church Secretary: Church Warden: Church Warden: Rev William O Mrs Anne Kennedy Ms S Leeman Mr L Devlin Mrs A Devlin Independent Examiner S D Brown S D Brown and Company Chartered Certified Accountant 25-27 Edward Street Portadown BT62 3NE Bankers Danske Bank 45-48 High Street Portadown BT62 ILB
Trustees Report Year Ended 31 December 2022 The trustees present the Annual Report and Statement of Financial Activities for St Mark's Parish Church, Portadown for the year ended i l December 2022. Objectives and Activities The charitable purpose Of The Church of Ireland Ts the advancement of religion. The principal function of St Mark's Parish Church, Portadown is to supy)rt the advancement of the Christian religion by promoting through its work the whole mission olthe church: pastoral, evangelistic, social, and ecumenical. Being open to and engaging with Society as a whole and offering support for those needing help are fundamental to the practical delivery of the benefits of Christianity. As a result of this activity in the pursuit of the advancement of the Christian religion, St Mark's Parish Church, Portadown has custody of property and of records, materials, and artefacts of significance to the cultural and religious heritage" the maintenance of which is undertaken by St Mark's Parish Church, Portadown. A new church logo was introduced a few years ago aDd incorporated in the public noticeboard. The purpose is to represent St Mark's to the community as a church that is relevant, welcoming, and progressive, worshipping God in culturdlly appropriate ways for all ages and extending God's Kingdom In Portadown and beyond. The logo enables the church to be clearly and easily identified as the big church with the iJnposing tower in the centre of town. Achievements, Perfoman¢e and Public Benefit Gradually during 2022 many of the activities that were restricted during the pandernic have been successfully re-established. The negative effect of the pandemic is still apparent in levels of attendance at Church activities and publlc '0hip. It was however most encouraging to see an effective community programme during the Christmas period and a steady increase in participation levels at Church events and public worship. Finance The Select Vesty, with the generous support of the parishioners, seeks to establish a sustainable financial future for the parish. During this year. an increasing number of parishioners have used electronic banking services to facilitate their freewill offerings. Increasing use is made of specialised and sophisticated software lo track income and expenditure on a regular basis. Managing finance and maintaining church property are part of the major responsibilities of the Select Vestry. Connectivity in the church continues to be improved to provide more reliabl¢ online ministry. Going Concern The trustees have reviewed the budgels for the year ahead and are satisfjed that there are adequate funds in place to ensure that the Parish can contknue its activilies and the financial statements for the year ended 31 December 2022 can be signed off as a going concem.
Strueture, Governonee and Management Chapier I I l of the Constitution of the Church of Ireland governs Parishes aDd Parochial Organisalion. The Select Vestry members are the Charity Trustees. All members of the Church of Ireland who are over the age of18 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 atlend and vote at meetings of the general vestry and sland for election to the 5elecÉ 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 Vestry will hold their positions for a period of one year. Select Vestry members my be re-elected annually and the is no limit on the number of temis which may be served. Pay And Remuneration The Rector of St. Mark's Parish receive a stripend which is paid by the Parish. in accordance with figures approved by the General Synod of the Church of Ireland (GSCI}. Details ofoffice and locomotory allom'ances e also approved by GSCI. The actual payments made by Si Mark's Parish tom'ards Stipends are calculated by the Stripends Committee ofAnnagh Diwese based on the size of the church membership. OrgAnisalional Structure The Sele¢i Vestry is responsible for the day 10 day mznagement of the parish. The Select Vestry consists of the member of the clergy serving in the parish. any curaie assistance ("the eurate") churchivardens: the glebe wardens and 8enernlly not more than twelve other members of the general vesty elected at the Annual General Vestry. The Select Vestry is chaired by the rector or other member of the clergy officialing in the parish. Select Vestry members are responsible for making decisions on matters of general concem and importance to the parish including deciding how parish funds are to be applied. Another important aspecl of the work of the vestry is to ensure complianee with stale and church legislalion and any rules and regulations imrKysed by Annagh Diocesan Synod. Thej are also responsible for the proper ndUct of all church activities and that they comply with the new Safeguarding Guidelines drawi up by the Church of Ireland in 2018. Adult Safeguarding 8uidelines have also been Inlroduced in 2018. The vasty makes an annual declaration to the diocese that Safe8uarding Guide lines are being followed and to ensure compliance ts7ining is arranged each year. A Select Veslry Flandbook is available. The Select Vesty met regularly during the year to consider a range of important issues relevant to many aspects ofchur¢h life. The dulles and responsibilities of the select vestry are delailed in the Constitution of the Church of Ireland and include managing the parish flnances and the employnient of the lay people such as the Parish Administrator. Or8anisL Sexton, Cleaner. Furtherniore. the vestry provides Ihe infr&structure which supports worship and minislry and looks after the inlerior and exterior of the church, rectory. curates, houses. Parochial Hall and Fergus Hall. 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 activities entered into during the year have helped to achieve the Parish's objectives and a¢tivities, as well as providing public benefit. Ststement of Trustees, Responsibilities The truslee5 are responsible for preparing the Trustees, Report and the statement of Financial Activities and siatement of Assels and liabilities in accordance with applicable law and regulations. The trustees are responsible for keeping accounting record5 that are sufficient to show and explain the Parish's transactions and disclose ivith reasonable accuracy at any time the assets and liabilities of the Parish. They are also restK)nsible for safeguarding the assets of ihe Parish and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on Behallof the Trustees Trustee I Trustee 2 Date 28 March 2023
Independent examiner's report to the eharity trustees of SL Mark's Parish Church, Portadoivn. I report on the accounts of the Charity for the year ended 31$1 December 2022. which are set out on pages 4 to 16. Respective responsibiliti of charity trusteE$ 2nd examiner As the charity's trustees you are responsible for the pparatiOn of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It 15 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 State whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts &% required under section 65 of the Charities Act and my examination was carried out in accordance with the general directions give 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 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 lo my attention giving me cause to believe: 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 accountlng requirements of the Charities Act 4. That th¢r¢ is further inforniation 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 ( l ) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have fou d no matters that require drawing to your attention. Name: S.D. Brown For S.D. Brown and Company Relevant professional qualification or body: Chartered Certified Accountant Address: 25-27 Edward Street Portadown BT62 3NE Date: 28" March 2023
St. Mark's Parish Church Portadown Statement of Finaneial Activities for the ear ended 31" December 2022 Note Unrestricted Restricted Endownent Funds Funds Funds 2022 2022 2022 Total Total 2022 2021 Income Donations and Plate Collections Proceeds from fund raising events Bank and deposits interest Rental Proceeds Investment Income Legacies Collection for Third Parties Other Receipts Receipts from Parish organisations Total Income 175.744 8.391 184,135 207,814 8.014 8,014 3,482 706 5,8iO 3.316 31 737 5.850 3,316 13,530 5,810 7,367 5.290 583 5,700 4,864 134,891 3,437 10,844 2,245 1,143 7.367 4.667 Expenditure Wages and salaries Diocesan Costs IAs5es5ment Church Running Costs Rectory Running Costs Investment Property Costs Admin Costs Charitable GifLslDonations Payments for parish organisations Totsl Ex enditure Net IncomelExpenditure) Transfers between funds Loss on Sale of Curatage Transferred to St Imarks Holdings Li( (Diminution)lincrease value of investment Surplusl(Defi¢ity for year Total Funds brought fonvard Total Funds Carried Forward 31,503 77,786 31.503 77,786 23,136 110,137 41.550 3,550 ,377 16,314 7.490 9.989 1.518 51.539 5.068 1.377 16,314 13,017 5,344 31,613 18,883 I,894 11.880 22,696 2,407 5.527 5.344 1948 32,101 22 151,214 28,086 8,329 {23,710) 4,015 (8,329) (23,710) 14 (110.775) {15,493) (126,268) io 116226 98.070 136.033 2 503 808 1 175.556 1174)3 J 70576 1.227 235 330 221.790 l7 024 3 696 388 3 474 598 2.40) 738 1.039.523 15 797 3 461.058 3 696.388
St. Mark's Church Portadown Statement of Finaneial Position Balanee Sheet as at 31st December 2022 Note 2022 2021 Fixed Assets Tangible Fixed Assets Investments Total Fixed Assets 2,212,901 2,347,)87 1 108264 3455651 Io 320i712 Current Assets Debtors- Gift Aid Prepayment-Insuran¢e Loan to St Marks Holdings Ltd Cash and Cash equivalents Total Current Assets Creditors- amounts falling due within one year Net Current Assets Total Assets less current liabilities Creditors amounts falling due after l year Total Net Assets 26,629 9.167 7.000 217 742 260 5i8 (3,1921 28,557 12 214804 251694 257 J46 3.461,058 240 7)7 i,696,388 The Funds of the Parish Unrestricted Funds Restricted Funds Endowment Funds Total Charity Funds 2,405,7i8 I,Oi9.52i 2,503,808 1,175,556 The notes on pages I I to 21 are an integral part of these financial statements. The financial statements on pages 4 to 10 were approved by the Board of Trust¢es on 28 March 2023 and signed on its behalf by: Trustee I Trustee 2
St. Mark's Parish Church Portadown Notes to the finaneial statements for the ear ended 31S1 December 2022 Aceounting polieies The principal acwunting policies adopted: judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: g). Basis of preparAtion The financial statements have been prepared on a going concern basis in accordance H'ith Accounting and Reportin8 by Charities: Ststement ofRecommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard app1]ble in the UK and Republic of Ireland (FRS 102)- {Charities SORP (FRS 102)- The Parish meet5 the definition of a publi¢ benefit entity under FRS 102. Assets and liabilitie5 are initially reco8nized at hislorical cost and iransalOn value unless otherwise stated in the relevant aw)unting policy note(s). b). Preparation of a¢coullts on a going concern basis The Parish generally meets its day to day ivorking capital requirements from its annual income. The Trustees have obtained and reviewed cash flow forecasts for the coming year and based on these are satisfied that the Parish has resources to provide a reasonable Qxpectation that it can continue to meet its financial obligations as they fall due for the foreseeable future. Therefore these financial statements have been prepared on a going Concern basis. c). Ineome Plate Collections and Weekly Envelopesy are accounted for on a casb receipts basis as the amount is collected. Income arising from the rental of Parish Centre facilities to third parties is recognized ivhen the parish has entitlement lo the funds, any perfomiance conditiotls attached to the income have been me¢ it is probable that the ineome will be ceIVed and the amount can be me&sured reliably. Income from government and other granw whether "capital, grants or'revenue. grants, is recognized when the charity ha5 entitlement to the funds, any perforniance conditions attached to the grants haipe been met. it is probable that the income will be received and the amount can be measured reliably and is not deferred. Legacies are included Ns'ith Income under either unrestricted or restricted funds according to the tenns under which the donation is made and when the arnount Can be quantified ivith reasonable certainty. Donations and gifts in kind are brought into the accounts at their fair value to the Parish. d). Expenditure Expenditure is recognized once there is a legal or (x)nstructive obligation to make a payment to a third party, it is probable that settlement ivill be required and the amount of th¢ obligation can be Mured reliably. Irrecoverable VA T is charged as a cost against the aclivity for which the expenditure iyas incurred. e). T Anglble assets The assets of the Parish comprise".- Church Building Parish Halls Lease Buildings- Scout Hall Rectorylcuraiages Fixtures and fittings The Church Building, is deemed to be Heritage &ssets as defined by the Charities SORP (FRS102} These Heritage assets are not included on the balance sheei as infomiation on the cost or valuation 15 not available and such infomation cannot be obtained al a cost Commensurate with the benefit to the users of the a¢counts and to the parish. io
St. Mark's Parish Church, Portadow Notes to the financial Statements for the year ended December 2022 (continlled) l). Aecountlng polieies (continued) Parish Halls, Rectory, Curatages and Scoul Ilall The above assets are stated at a valuation. A professional valualion was Caled out in 2017 as a result of an insurance asset and risk survey. No depreciation has been provided on these buildings as ihe cuffent estimated residual value is not le5S than its carrying value and the remaining useful like currently exceeds 50 years. D. Investments Fixed assets investments comprising investment properties, investments in equlties and investment in RCBICIT Unit Trusts are iniliallv recorded at cost and are then subsequently staled at fair value at each balance sheet dale. Investmenls in unquoted investments are recorded a¢ w51 and are assessed aTJnually for impairment. Unrealised gains and losses represent the difference between the fair value at the beginning and end of the financial year or, if purchased in the year, the difference between cost and fair value at the end of the year. Realised gains and Ios5e5 represent the difference between the prweed5 on disposal and the fair value al the start of the year or ¢ost if purchased in the year. Both r¢alised and unrealised gains and losses in investments are reported within 'Wet Gainsl(Losses) on Investments" Ivithin the Statement of Financial Activities. g). Cash and equivalents Cash and cash equivalents includ&s e&sh in hand. dep)sits held at call with banks, other short-temi highly liquid investments with original maWrities of three months or less and bank overdrafts. Bank overdrafts a shown. h). Flnancial Instruments The Parish only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognized at transaction price and subsequently measured at their settlement value. i). Funds Funds are c18S5ified as either restricted funds or unrestricted fund& defined as follows. ResÈri¢ted funds are funds subjecl to specific requirements &5 to their use which may be declared by the donor or with their authority or created through legal processe& but still wiihin the wider objects of the Parish. Endowment funds are funds ivhich have been given on the condilion that the original capital sum is not reduced. but the income the from is used for the purwse defined in accordance with the objects of the parish. li
St. Mark's Parish Church, Port2doiYn Note to the Finan¢ial Statements for the year ended 31" December 2022 (continued) Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted fun(Lg are eannarked at the dIretIon of the trustees for a particular purpose, they are desionated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees, discretion to apply the fund. 2. Critical Accounting Judgments and estimation uncertainty Estimates and judgments made in the process of preparing the financial statements are continually evaluated and are based on historical experience and other factors. including expectations of future everAts that are believed to be reasonable under the circumstances. The Trustees do not consider that there are any critical judgments made in applying the Parish's accounting policies or that there are any critical accounting estimates or &8sumptions which may have a significant risk of causing a material adjustment to carying amounts of assets and liabilities within the next financial year. Donations and Plate Collections Unrestricted Funds 2022 Restrieted Funds 2022 Endowment Funds 2022 Tolal Total 2022 2021 Donalions Gii'ingcolleclions GiftAid 148,916 8,391 157,307 180,617 26,828 26.828 27.197 Oiber Receipts Bible Notes NIE Rental Room Hire Benevolent Fund receipts RCB Grant 3iO 1,891 350 1,891 500 3.116 1.510 1.889 3,116 ,510 6.530 2,425 12
St Mark's Parish Church Portadoivn Notes to the Financial Statements for the ear ended 31$1 December 2022 eontinued S). Church Runnin Costs Unrestricted Fund5 2022 Re5tTiCted Funds 2022 Endowment Funds 2022 Total Total 2022 2021 Church Maintenance Fergus Hall Maintenance Parochial Hall Maintenance Heat & Light Insurance Disabled Toilet General .668 3,746 1,700 729 9.140 120 2,397 12.886 1,820 5,052 1.679 2,488 14.112 10,166 14,112 10,166 7,247 9,752 1,336 4,059 10,158 10.158 6). Admin Costs General Health & Safety Bank Fees Acci)untancy Benevolent Fund exps 10,040 1.078 1,443 2.693 1,060 10.040 1,078 1,443 2.693 1,060 7,531 700 740 2,130 779 7)._ Charit2ble Gift/Don#tions Paro¢hial A¢count- ADYC Mcmillan ICM Crosslinks SAMS A Flunagan M Topley Ukraine Dial a Service Benevolent Fund Grant Lucy Burden Sands Nl Air Ambulance Yellow Ribbon Hospice Bishops Appeal 398 57 398 57 200 80 3.837 7,911 623 1.200 600 4.327 4,327 3.000 3,000 1200 1,200 1,525 1,525 252 805 4,100 45 2,117 54 487 385 2,010 2,010 500 500 13
St Mark'5 Parysh Church Portadown Notes to the financial statements for the ear ended 3151 December 2022 continued 8). Taxation St Mark's Parish Church Portadown is recognized as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. ible Fixed A55ets Schedule CoStlNS ValuelRa¢able Value Depn to Date Net Book Value at 31.12.21 Added Sold Depn for Net Book Year Value At 31.12.22 Parish Ha115 including Fixtures & Fitting Rectory including Fi.xtures & rittin8S Curatage 4 Killicomain Drive Curalage 115 1,105.798 1.105,798 1,105,798 397.953 397.953 397,953 134.486 134,486 (134,486) NIL 157,270 157,270 157,270 BroNmstoH'n Road Scout Hall. Mahon Road Total Tangible As5els 551,880 5i1,880 551,880 The Scout Hall, Mahon Road. The property is held on a long lease by the Scouts. The property u'ill revert to the Parish in 2030. 10). Investments Value at 31.12.22 Decrease for Value ac 31.12.21 Investmenl Assets RCB Investments 3824 Units of RB General Twst {Nl) Clarke Investment Portfolios managed by Davy Stockbroker li,797 (1227} 17,024 975.014 (116.226) 1.091.240 11). Creditors Amounts Due within l year 2022 2021 Diocesan Assessment A¢¢urals 8,107 2.850 3,192 14
St. Mark's Parish Church Portadown Notes to the Financial Statement for the ear ended 31" December 2022 continued 12). Cash and Cash Equivalents 31.12.2022 45,9i2 1,919 31.12.2021 i8,316 1,262 Parochial Account Missions & Charities Account Clarke Interest Account Benevolent Fund Bequest Account Misses Thornton Account Mothers Union Bequest Account Organ Fund Account Repair Fund Parish Organisations 2,900 90,772 292 104,163 292 3,459 5,490 29,871 4,248 15
St. Mark's PArish Churth Portadown Notes to the Financial Statement for ¢he 13). Funds of the Parish At 1.1.22 ear ended 31 Deeember 2022 continued In¢omiD Out oin Resources Revenue ut oin Resour¢es Transf Investmen ers A¢ 31.12.2022 Resourc GainlL055 Endowment Funds RCB 17.024 (1,227) 15,797 Investment 1.227 797 Restricted Funds Clarke Fund Missions & ChariÈies account Misses Thornton Mothers Union Bequest Account Organ Fund Repair Fund Parish 0[glstiOnS Paroehial Account- Re Organ Fund 1.091240 1,262 (116,226) 975,014 1,919 4.667 (5,527) 1.>17 292 292 3,428 31 3,459 4,248 49,403 24,183 (2)8) 1,500 (11249) (15.493) (9,195) (5.344) (651) 5,490 29.871 23,478 16,405 5,290 1,500 (1,500) 29 li Unrestritted Funds Fixed As5¢ts Debtors Prepayment Insurance St Mark5 Holding5 Parochial Account Clarke Account Benevolent Fund Bequest account A¢cruals 2.347.387 28,557 8.333 (134.486) 2,212,901 26,629 9.l67 (1.928) 834 7,000 7,000 36.816 189,761 (184.599) 3.954 45,932 3,176 3,J17 (3.176) 691 2,900 (3,570) 3,138 90,772 13,531 ( l40) 104,163 7.765 181.498 103 876 2 503.808 209.585 63.8.8 23i.97.8 134 149 9_79. 2.405 738 Total Funds 117451 14) During year ended J l December 2022 the Curatage at 4 Killycomain Drive, Portadown was sold for £ 110,776. The Select Vestry decided to transfer the proceeds plus £15,492 (Total £126,268) to St Marks Holdings Ltd to purch&se a property at Clendinning Way Portadown. St Marks Holdings Ltd is a company limited by guarantee set up and managed by the Select Vesty to hold property owned by the parish. 16