Lislimnaghan Parish Church Trustees, Annual Report and Statement of Receipts and Payments and Assets and Liabilities For the year ended 31 December 2023 Registered Charity in Northern Ireland [NIC104678]
Lislimnaghan Parish Church Annual Report and Financial Statements for the year ended 31 December 2023 Page Reference5 and Administrative details of the Charity Trustee5' Annual Report Independent Examinerfs Report to the Trustee5 Statement of Receipts and Payments Statement of Assets and Liabllities Notes to the Financial Statements 8-11
Lislimnaghan Parish Church References and Adminlstratlve details Charity Name: Lislimnaghan Parish Church Charity Registration Number: N IC104678 Registered Office: The Rectory, l Erganagh Road, Omagh. County Tyrone, BT79 75X Trustees The Charity Trustees who served during the year or who were Trustee5 at the date of this report were: Canon D Quinn Mrs D Bryden Mr M Callan Mr H Doherty Mr l Managh Mr G McFarland Mr M Barclay Mrs F Caldwell Mrs S McFarland Miss D Stafford (appointed 20 April 2023) Mrs G Armstrong (appolnted 20 April 2023) Principal Offic&bearers Clergy: Church Treasurer: Church Warden- Clergy: Church Warden- People: Canon D Quinn Mrs F Caldwell Mrs D Bryden Mr M Callan Independent Examiner Kathryn Mitchell (for Watson & Colhoun) Unit B15 Omagh Enterprise Centre, Great Northern Road, Omagh, County Tyrone, BT78 SLU Bankers Ulster Bank 14 High Street, Omagh, County Tyrone, BT78 IBJ
Lislimnaghan Parish Church Trustees, Annual Report for the year ended 31 December 2023 The Trustees present their Annual Report and Statements of Receipts and Payments and Assets and Liabilities for Lislimnaghan Parish Church for the year ended 31 December 2023. Objectlves and Activities The charitable purpose of the Church of Ireland is the advancement of religlon. The principal function of Lislimnaghan Parish Church is to support the advancement of the Christian religion by promotlng, through the work of the Parlsh, the whole mlssion of the Church, pastoral, evangelistic, social and ecumenical. Being open to and engaging wlth 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 activity In the pursult of the advancement of the Christian religion, Lislimnaghan 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 Selett Vestry of Lislimnaghan Parish Church. Achlevements, Performance and Public Benefit5 Lislimnaghan Parish has weekly service5 on Sunday mornlng comprlsing of a mix of Holy Communion, Family Service, Baptism and Morning Prayer together with varlous other special services during the year e.8. Lenten, Harvest Thanksglvlng and Chrlstmas. There are Thursday mornlng servlces wlth refreshments In the week before Chrlstmas and Holy Week. Pastoral care Is provlded for parlshloners and those In the wlder communlty. A range of other actlvltles are provlded by Llsllmnaghan Parlsh elther by the church directly or through church organisations e.g. Sunday School, Prayer and Bible Study, Motherfs Union, Old Time Dancin& Concerts, and Social Events. There Is Inter-church co-operation within the local community. Llslimnaghan Parlsh plays an active role in Omagh Churches Forum which organised various Christian community events throughout the year. The Parish supports the work of local and globa5 charities by either making donations or holding special collections or events In respect of the same. The activities outlined above demonstrate how Lislimnaghan Parish 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. Lislimnaghan Parish has mitigated any potentlal harm from the activities through the implementation of the Church of Ireland Safeguardlng Trust Policy.
Lislimnaghan Parlsh Church Trustees, Annual Report for the year ended 31 December 2023 (continued) COVID-19 With restrictions now lifted, the church and its organisations have returned to normal with some previou5 voluntary mitigation now being integrated into the daily running of the church going fonNard. Facebook has continued to be the medium to share the gospel and the telephone a lifeline to those who are isolating, in poor health or still wary of the continued risks of Covid-19 and other illne55e5. We believe these practises are crucial for parishioners who remain wary about attending church. Financial Review The Parish is a charitable organisation with their main source of income deriving from members freewill offerings. The results for the year show a surplus of £6,253 [2022: deficit of £8,433. The Trustees continue to monitor the level of reserves held by the Parlsh and are actively taking steps to increase the reserves in order to meet any unforeseen expendlture incurred. Golng Concern The Trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate funds in place to ensure that the Parish can continue its activltles and the financial statements for the year end 31 December 2023 can be signed as a going concern. Structure, Governance and Management Governln Document and Constitution o the Chari Chapter 111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisations. The Select Vestry members are the Charity Trustees. Recruitment and A ointment o 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 15 elected as part of the 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.
Lislimnaghan Parish Church Trustees, Annual Report for the year ended 31 December 2023 (continued) Structure, Governance and Management (continued) Or anisational Structure The Select Vestry is responsible for the day to day management of the Parish. The Select Vestry consists of the clergy serving in the parish, the churchwardens, the glebe 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 clergy. Select 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. Special meetings may be convened at any time by the chairperson or the churchwardens. In 2023 the Select Vestry met 6 times during the year and the average attendance was 75%. Com lionce with Public Bene 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 benef its. Statement of Trustees. Responsibilities The Trustees are responsible for preparing the Trustees, Annual 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 a 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. This report was approved by the Trustees on....r¢¥ts (Jp.Ci........... 2024 and signed on its behalf by: Canon Derek Quinn Mrs Sharon McFarland 2024
Lislimnaghan Parish Church Independent Examlnerfs Report to the Trustees of Lislimnaghan Parish Church for the year ended 31 December 2023 I report on the accounts of Lislimnaghan Parish Church for the year ended 31 December 2023, which comprise the Statement of Receipts and Payments, Statement of Assets and Liabilities, and the related notes. Respertive Responsibilities of Trustee5 and Examiner The ChariWs Trustees are responsible for the preparation of the accounts in accordance with Section 64(3) of the Charities Act {Northern Ireland) 2008. The Charity's Trustees consider that an audit is not required for this year under section 65(2) of the Charities Act (Northern Ireland) 2008. (the Charities Att) and that an independent examination is needed. It is my responsibility to: examine the accounts under settion 65 of the Charities Act {Northern Ireland) 2008: to follow the procedures laid down in the general direttions given by the Charity Commi55ion for Northern Ireland under section 65{9)(b) of the Charities Act. and to state whether particular matters have come to my attention. Basis of Independent Examlnerfs Report My examination was carried out in accordance with the general dlrectlons glven by the Charity Commission for Northern Ireland. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be requlred in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view and the report is limited to those matters set out in the next statement. Independent Examlnerfs Statement In connection with my examination, no matter has come to my attention: l) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Section 63 of the Charities Act and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 2008 have not been met; and 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name: Kathryn Mitchell {for Watson & Colhoun) Relevant professional qualification: ACA Address: Unit B15 Omagh Enterprise Centre, Great Northern Road, Omagh, County Tyrone, BT78 SLU Date:
Lislimnaghan Parish Church Statement of Receipts and Payments for the year ended 31 December 2023 Unrestricted Restricted Endowment funds funds funds Total 2023 Total 2022 Receipts Donations and plate collection Proceeds from fund raising events Bank and deposit interest Grants Received Rental of land Charitable collections Other receipts Receipt5 from Parish Organisation's Total Receipts 46,483 7,202 719 3,585 50.068 7,202 719 50,200 1,150 130 1,595 931 864 864 671 671 761 713 85 597 135 56,000 597 135 60,256 4,256 55,565 Payments Diocesan costs / assessment Church running costs Parish centre costs Administration costs Charitable donations Payments from Parish Qrganisation's General expenses Capital expenditure Totsl Payments Excess of Receipts over Payments for the year before Transfers Transfers Excess of Receipts over Payments for the year after Transfers Reconciliation of Funds 29,375 7,106 6,371 1,625 150 359 29,375 7,106 6,371 1,625 821 359 27,562 10,754 10,904 2,022 1,650 671 1,807 1,807 6,539 54,003 846 10,260 63,998 6,539 7,210 46,793 9,207 {2,954) 6,253 (8,433) 9,207 12,954) 6,253 (8,433) Total funds brought forward Gain on investments Total Funds Carried FOnard 61.465 3,920 65.385 73,818 70,672 966 71,638 65,385 On behalf of the Trustees fvo[tY GJdwJL Canon Derek Quinn Mrs Florence Caldwell
Lislimnaghan Parish Church Staternent of Assets and Liabilities as at 31 December 2023 Unrestricted funds Restrirted Endowment funds Funds Total 2023 Total 2022 Cash Funds Current Accounts 11,204 59,468 70,672 966 12,170 59,468 71,638 6,721 58,664 65,385 Deposit Accounts Total Cash Funds 966 Investment Assets Investments in RC8 / CIT Unit Trusts Total Investment Assets 15,253 15,253 15,506 15,506 Assets retained for the Parish's own use Parish Hall and Facilities Land 433,181 47,500 480,681 426,642 47,500 474,142 Total Assets retained for the Parish's own use Approved by the Trustees on . 2024 and signed on their behalf by: &ld kSCAL Canon Derek Quinn Mrs Florence Caldwell 2024
Lislimnaghan Parish Church Notes to the Financial Statements for the year ended 31 December 2023 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. Receipts and Payment5 Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipt basis. Statement of Assets and Liabilities Assets retainedfvr the Parish's own use The assets of the. Parish, retained for its own use comprise of Land, Church Building and Graveyard, Parish Hall and Facilities. 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 Parish Hall and Facilities are recognised at cost of construction. 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. Investments Investments in RCB/CIT Unit Trusts are initially recorded at cost and then are subsequently stated at fair value at each year end date. Fund Accounting Fund5 are classified as elther restricted funds or unrestricted funds, which are defined as follows: Restrirtedfvnds Restricted funds are funds subject to specific requirements a5 to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objettives of the Parish. Unrestrictedfunds Unrestricted funds are expendable at the discretion of the Trustee5 in furtherance of the objettives of the charity. If parts of the unrestricted funds are earmarked at the discretion of the Trustees for a particular purpose, they are designated a5 a separate fund. The designation has an administrative purpose only and does not legally restrict the Trustees discretion to apply the funds.
Lislimnaghan Parish Church Notes to the Financial Statements for the year ended 31 December 2023 (continued) Accounting policies (continued) Preparation of Accounts on a Going Concern Basis The Parish generally meets its day to day working capital requirements from its annual income. The Trustees are satisfied that the Parish ha5 resources to provide a reasonable expectation 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. Reconciliatlon of Cash Funds Total Total cash funds at beginning of the year Receipts for the year Payments for the year Total cash funds at end of the year 65.385 60,256 (54,003) 71,638
io Lislimnaghan Parish Church Notes to the Flnanclal Statements for the year ended 31 December 2023 (continued) Movement In Funds At31 December 2023 January 2023 Incoming Outgoing Resources Resources Transfers Restrlcted funds Church restoration fund Charitable donations Other 3,920 3,585 671 {6,539) (671) 966 Total restricted funds 3,920 4,256 (7,210) 966 Unrestricted funds General funds Total unrestricted funds 61,465 61,465 56,001 56,001 (46,794) (46,794) 70,672 70,672 Endowment funds Investments in RCB/CIT Unit Trusts Total Endowment funds Total funds 65,385 60,257 (54,004) 71,638 Pur ose of Restricted Funds Church Restoration Fund: This is a fund to assist with significant repairs work due to be carried out on the church building.
Lislimnaghan Parish Church Notes to the Financial Statements for the year ended 31 December 2023 (continued) Collections for Thlrd Parties 2023 2022 Bishops, Appeal Earl Haig Ukraine Appeal 561 300 100 361 110 671 761 The above amounts have been included in the Statement of Receipts and Payments for the year under charltable donations. Transartlons wlth Trustees Trustees received remuneratlon or relmbursement of expenses durlng the year to the sum of £9 [2022: £589]. No Trustee or a person related to a Trustee had any personal interest In any contract or transaction entered into by the charity during the year.