Parish of Castlerock, Dunboe & Fermoyle Trustees, Annual report and Statement of Financial Activities and Balance Sheet st For the Year ended 31 December 2022 Charities Number: NIC104695 Page I
Parish of Castlerock, Dunboe & Fermoyle Annual report and financial statements for the year ended 31st December 2022 Contents Pages References and administrative details of the Charity Trustees, report Independent Examiner's Report to the Trustees Statement of Financial Activities Balance Sheet Notes to the financial statements 9-10 Page 2
Parish of Castlerock, Dunboe & Fermoyle References and administrative details Charity Name: Castlerock/Christ Church/Derry/Church Of Ireland Charity Registration Number: NIC104695 Contact Address: Exorna House, 16 Exorna Lane, Castlerock. Co. Londonderry. BT514UA Trustees Rev. Chrostoir MacBruithÉn MrAdam Anderson th Miss Margaret Boyce Resigned 4 April 2022 Mr Noel Bradley th Mr Gerald Carson Resigned 4 April 2022 th Mrs Margaret Johnston Resigned 4 April 2022 Ms Evanna Kerr th Mrs Charlene McKee Resigned 4 April 2022 th Mr Jonathon McKee Resigned 4 April 2022 Mrs Frances McKissick Ms Deborah Elizabeth Moore Mrs Margaret Eleanor Oliver Mr William Oliver Mr Brian Slmpson Mrs. Evelyn Conn Ms. Jane Gribbon Dr. Andrew Millican Ms. Gwyneth Kerr Mrs. Elizabeth Mufien appointed 4 April 2022 th th Mrs. Marie McKinney appointed 4 April 2022 th Mrs. Deborah North appointed 4 April 2022 th Mrs Mccall Gilfillan appointed 6 December 2022 Principal Office-bearers Clergy: Church Secretary & Treasurer Church Wardens: Glebe Wardens: Sexton: Rev Chriostoir MacBruithin Mr William Oliver Mrs. Margaret Oliver, Mr. Noel Bradley, Mrs. Deborah North, Ms. Evanna Kerr. Mr. Adam Anderson, Ms. Deborah Moore. Mr Adam Anderson Independent Examiner Mr Richard Nixon Chartered Accountant 18 Hopefield Park Portrush Co. Antrim BT56 8SW Bankers HSBC Bank PLC 20-22 Railway Road Coleraine BT52 IPD Page 3
st Trustee5' Annual Report for the year ended 31 December 2022 The trustees present the annual report and statement of Financial Activities and Balance Sheet for the Parish of Castlerock, st Dunboe & Fermoyle for the year ended 31 December 2022. Objectives and Activities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of the Parish of Castlerock, Dunboe & Fermoyle is to support the advancement of the Christian religion by promoting, through the work of the Parish of Castlerock, Dunboe & Fermoyle 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 are fundamental to the practical delivery of the benefits of Christianity. As a result of activity in the pursuit of the advancement of the Christian religion, the Parish of Castlerock, Dunboe & Fermoyle has custody of property and of records, materials and artefacts of significance to the cultural and religtous herÉtage and maintenance of which is undertaken by the select vestry of the Parish of Castlerock, Dunboe & Fermoyle. Achievements, Performance & Public Benefit The Parish of Castlerock, Dunboe & Fermoyle holds weekly services at both Christchurch and St Pauls on Sunday mornings offering an environment of worship and prayer, provision of pastoral care and mission for all in the local community. Outreach work and Parish groups including Mothers Union and the Bowling Club meet during the year. DLtring the year under review, activities and church attendance were always constrained due to the Covid 19 restrictions and observance was maintained in accordance with Government guidelines and those issued by the Bishops of the Church of Ireland. Financial Revlew The Parish's financial position has been satisfactory during the reporting period whilst reporting a 3% reduction in freewill offering, this was compensated by an increase in other fundraising activities, most notably a very successful Flower Festival held in May 2022. Despite a further £11,437 being spent on the graveyard extension the parish ended the year with an increase of £3,874 in the General Fund. The Investment Accounts showed a reduction of £2,117, reflecting the general decrease in stock market valuations at the year end. The trustees remain aware of their responsibility to maintain sufficient funds to ensure that the Parish will be able to continue with its activities. Going 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 activities Including the extension to the graveyard and the financial statements for the year ended 31 December 2022 can be signed off as a going concern. st Page 4
Structure, Governance and Management Governing Document ond Constitution of the Churity Chapter111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisations. The Select Vestry rnembers are the Charity Trustees. Recruitment and Appointment of Select Vestry (Trustees) All members of the Church of Jreland who are over the a8e of 18 and are either resident within the parish or live elsewhere but have been accustorned members of the congregation for at least three months, may register as mernbers 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 herd 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 limit on the number of terms which may be served. Organisational Structure The Select Vestry is responsible for the ongoing management of the parish. The select vestry consists of the members of the clergy serving in the parish, the churchwardens, the glebe wardens and 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 officiating in the parish. Select vestry members are responsible for making decisions on matters of general concern and importance to the parish incEuding deciding how parish funds are to be applied. The Select Vestry meets at times fixed by the members or by the Diocesan Synod. Special meetings may be convened at any time by the chairper50n or the churchwardens. In 2022 the Select Vestry met 10 times during the year. Compliance with Public Benefit The Parish has given careful consideration to the Charity CommFssion 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. Statement of Trustees, Responsibilities The Trustees are responsible for preparing the Trustees, Report and the Statement of Financial Activities and Balance Sheet in accordance with applicable law and regulations. The law applicable to charities in Northern Ireland requires the trustees to prepare a Statement of Financial Activities and Balance Sheet for each financial year only for those charities having income in excess of £250,000. 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. Signed on Behalf of the Trustees William Oliver Hon. Secretary and Treasurer Date: 30 th April 2023 Page 5
Independent Examiner's Report to the Charity Trustees of the Parish of Castlerock, Dunboe & Fermoyle I report on the accounts of the Parish for the year ended 31st December 2022, which are set out on pages 7 to 10. 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 gEven by the Commission under section 65(9)(b) of the Charities Act state whether particular matters have come to my attention. Basis of independent examinerfs 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 comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeksng 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 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 reached. Independent examinerfs 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 found no matters that require drawing to your attention. Name: Relevant professional qualification or body. Address: Date: Mr Richard Nixon Chartered Accountant 18 Hopefield Park, Portrush. BT56 8SW th 30 April 2023 Page 6
Statement of Financial Activities for the year ended 31 December 2022 Unrestricted Deslgnated Restricted Endowment funds funds fund5 funds Total Prior year funds total funds Income and endowments from: Donations and legacies Income from Gharitable activities (graveyard) Other trading activities (hall) Investments Transfer from Designated to General Funds Other income Total income and endowments from: 128,315.27 3,500.00 2,060.00 1,956.09 1,437.70 1,060.00 130,812.97 3,500.00 2,060.00 2,008.30 109,233 740 1,230 2,959 3,354 1,305 118,821 36.68 15.53 135,831.36 1,474.38 1,075.53 138,381.27 Expenditure on: Graveyard maintenance Expenditure on charitable activities Graveyard extension Charity donations Transfer from Designated to General Funds Total expenditure: 2,940.91 114,385.50 11,437.62 3,193.80 2,940.91 117,483.04 11,437.62 3,193.80 1,657 111,453 28,075 9,063 3,354 153,602 3,097.54 131.957.83 3,097.54 135,055.37 Net income l (expenditure) 3,873.53 1.474.38 (2,022.01) 3,325.90 (34,781) Other recognised gains I losses Gains I losses on investment assets Gains l Eosses on revaluation, fixed assets, charity's own use Net movement in funds (892.00) (892.00) (1,225.00) 1,473 2,016 (1 ,225.00) 3,873.53 582.38 (2,022.01) (1,225.00) 1,208.90 (31,292) Total funds brought forward 66,551.69 31,550.76 994,770.37 16,982.00 1,109,854.82 1,141,146 Totsl funds carried forward 70.425.22 32,133.14 992,748.36 15,757.00 1,111,063.72 1,109,854 On Behalf of the Trust Rev. Chriostoir Mac Bruithin Chairman William Ollver Secretary and Treasurer th Date. 9 May 2023 Page 7
Balance Sheet for the year ended 31" December 2022 Unrestricted Designated Restricted Endowment Flxed assets - Tangible assets Land and buildings This year Last year 984,000.00 984,000.00 984,000.00 Fixed assets - Investments Other investments held - RB Gen ufrrust 11 ,500.00 15,757.00 27,257.00 29,374.00 Total Fixed Assets £11500.00 984,000.00 15,757.00 1011257.00 1013,374.00 Current assets - Debtors Current assets - Cash at bank and in hand Cash at bank - current account 70,425.22 70 425.22 20,633.14 20 633.14 8,748.36 8,748.36 99,806.72 99,806.72 96,480.82 96 480.82 Totals Total Assets 70,425.22 32 133.14 992 748.36 15 757.00 1111,063.72 1109 854.82 Creditors: Amount falling due within one year Total Assets less Current Llabilities 70 425.22 32,133.14 992.748.36 15,757.00 1,111063.72 1109,854.82 Representsd by Unrestricted General fund 70,425.22 70,425.22 66,551.69 Designated Christchurch Building Fund Rwanda Fund 32,133.14 32,133.14 31,550.76 Restricted St Pauls Building Fund Buifding Valuations (see notes) 8,748.36 984,000.00 8,748.36 984,000.00 10,770.37 984,000.00 Endowment 15,757,00 15,757.00 16,982.00 Total Funds 70 425.22 32,133.14 992,748.36 15,757.00 1,111,063.72 1109,854.82 On Behalf of the Tr stees Rev. Chriostoir MacBruithin er Date 9th May 2023 Page 8
st Notes to the financial statements for the year ended 31 December 2022 Accounting policies Set out below are the principal accounting policies which have been adopted in the compilation of the Statement of Financial Activities and the Balance Sheet. (a) Statement of Financial Activities All items of income and expenditure included within the Statement of Financial Activities have been accounted for on an accruals basis. (b) Balance Sheet (i) Assets retainedfor the Parish's own use The assets of the Parish, retained for its own use comprise:_ Christchurch and St Paul's Church Buildings and St Paul's Graveyard Christchurch and St Paul's Parish Centres Glebe House The Church Buildings and Graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS102). These Heritage assets are therefore not included in the Balance Sheet. Christchurch Parish Centre and the Glebe House are included within the accounts as valued for insurance purposes. St Paul's Parish Centre is included within the accounts as valued by JDD O'Neill on 14th April 2014. ii) Investments Fixed asset investments comprising of investments in RCB/CIT Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each year end date. Reconciliation of Cash Funds Total Cash Funds at Beginning of the year Receipts for the Year (incl. previous year debtors) Payments for the Year (incl. previous year creditors) Total Cash Funds at end of the year £96,480.82 £138,381.27 £135,055.37 £ 99,806.72 Page 9
Movement In Funds Opening Christchurch Building Designated Incoming Outgoing Transfers Gainsllosses Closing 31,550.76 1,474.38 (892.00) 32.133.14 St Paul's Building Fund Restricted 10,770.37 1,075.53 (3,097.54) 8,748.36 General Fund Unrestricted 66,551.69 135,831.36 (131,957.83) 70,425.22 Bullding Valuations Restricted 984,000.00 984,000.00 Endowment Fund Restricted 16.982.00 (1,225.00) 15,757.00 Grand Total £ 1109,854.82 138,381.27 135 055.37 2,117.00 1111063.72 Pur oses of Restricted and Desi nated Funds St Paul's Building Fund: This fund was set up to enable the restoration and repair of St. Paul's Church. This project has now been completed and in future any funds raised will be retained for future maintenance of this church building. Christchurch Building Fund: Similarly, this fund is designated for the upkeep of this building and its grounds. 4. Transactions with Trustees The parish paid expenses of £7,030.40 relating to the rates, maintenance and running costs of the glebe house which is occupied by the rector. No trustee received any remuneration or reimbursement of expenses during the year. The following lÉst of trustees or a person related to a trustee that had any personal interest in any contract or transaction entered into by the charity during the year is as follows: Adam Anderson Brian Simpson Evelyn Conn £3,900.00 £2,280.00 £6,80.00 Caretaker/Sexton Fees Organist Fees Organist Fees. Page 10