Parish of Castlerock, Dunboe & Fermoyle Trustees. Annual report and Statement of Financial Actlvities and Balance Sheet For the Year ended 31" December 2023 Charities Number: NIC104695 Page I
Parish of Castlerock, Dunboe & Ferfftoyle Annual report and financial statements for the year ended 31 December 2023 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 CaStlerk, Dunboe & Fermoyle References and administratlve details Charity Name: Castlerock/Christ Church/DerrylChurch Of Ireland Charity Registration Number- NIC104695 Contact Address.. Exorna House, 16 Exorna Lane, Castlerock, Co. Londonderry. BT514UA Trustees Rev. Chrostoir MacBruithin Mr Adam Anderson Mr Noel Bradley Ms Evanna Kerr Mrs Frances McKissick Ms Deborah Elizabeth Moore Mrs Margaret Eleanor Oliver Mr William Oliver Mr Brian Simpson Mrs. Evelyn Conn Ms. Jane Gribbon resigned 18 March 2024 Dr. Andrew Millican Ms. Gwyneth Kerr Mrs. Elizabeth Mullen resigned 18, March 2024 Mrs. Deborah North resigned 18 March 2024 Mr5 Mccall Gilfillan Mr. Barry Burgess appointed 18 March 2024 th Mr. Campbell Dickie appointed 18 March 2024 Mr. Christopher Dickie appointed 18, March 2024 th Mrs. Marion Watters appointed 18 March 2024 Mrs. Pamela Mclntyre Principal Offlce-bearers Clergy: Church Secretary & Treasurer Church Wardens: Glebe Wardens.. Sextons: Rev Chriostoir MacBruithin Mr William Oliver Mrs. Marion Watters. Mr. Campbell Dickie, Mr. Barry Burgess, Ms. Evanna Kerr. Mr. Adam Anderson. Ms. Deborah Moore. Mr Adam Anderson Mr. Christopher Dickie. 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
Trusteeg Annual Report for the year ended 31 December 2023 The trustees present the annual report and statement of Financial Activities and Balance Sheet for the Parish of Castlerock, Dunboe & Fermoyle for the year ended 31" December 2023. Objectlves and Activities The charitable purpose of the Church of Ireland 15 the advanrnent of religion. The principal function of the Parish of Castlerock. Dunboe & Fermoyle is to support the advancement of the Christian religion by promotin& 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 benefit5 of Christianity. As a result of activity in the pursuit of the advancement of the Christian religion, the Parish of Castlerock, Dunboe & Fermoyle h35 custody of property and of records, materials and artefact5 of significance to the cultural and religious heritage and maintenance of which is undertaken by the select vestry of the Parish of Castlerock. Dunboe & Fermoyle. Achlevements, Performance & Public Benefft 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 meet durin8 the year. Financial Review The Parish's financial posltion has been satisfactory during the reporting period with a 6% increase in freewill offering coupled with a 100% increase in Sunday plate collections. Despite a 9% increase in Diocesan Assessment the Parish closed the year with an overall increase of £9720 in its financial reserves. The Trustee5 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 2023 can be signed off as a going concern. Structure, Governance and Management Governing Document and Constitution of the Charity Chapter111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisations. The Select Vestry members are the Charity Trustees. Recrultment qnd Appolntment of Selert Vestry (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 selett 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 may be re-elerted annually and there is no limit on the number of terms which may be senrfed. Page 4
Oryanisatlonol Strurture 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. Selett Vestry members are responsible for making decisions on matters of general conrn and importance to the parish including decidin8 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 chairperson or the churchwardens. In 2023 the Select Vestry met io times during the year. Compliance with Public Benefft 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 objettive5 and attivities, a5 well as providin8 public benefit. Statement of Trustees. Responslbilities The Trustees are responsible for preparing the Trustees, Report and the Statement of Financial Artivities 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 retords 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 takin8 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: 21 May 2024 Page 5
Independent Examlner's Report to the Charity Trustees of the Parish of Castlerock, Dunboe & Fermoyle I report on the account5 of the Parish for the year ended 31st December 2023, which are set out on pages 7 to 10. Respective responsibilities of charity trustees and examiner As the charitvs trustees you are responsible for the preparation of the accounts in accordance with the Charities Act INorthern 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}Ibl of the Charities Act State whether particular matters have come to my attention. Basls 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 6519llbl of the Charities Art. My examination included a review of the accounting records kept by the tharity 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 35 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 Art 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 matters111 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 professlonal qualificatlon or body: Address: Date: Mr Richard Nixon Chartered Accountant 18 Hopefield Park. Portrush. BT56 8SW 28" May 2024 Page 6
Statement of Flnancial Actlvftles for the year ended 31 December 2023 Unrestricted Designated funds funds Re5trlcted Endowment funds funds Total Prior year funds total funds Income and endov4Tnents from: Donations and legacies Income from chari(able a1VitieS Igraveyardl Other trading activrties {halll Investments Transfer from Designated lo General Funds Other income Total Incomg and erKIovmignts from: £129808 75 3550.00 1765.00 2378.87 £1330.68 £1435.50 132574.93 3550.C(I 1765.00 2833.20 130812.93 3500.00 2060.00 2008.30 318_53 135.80 £137502.62 £1649.21 £1571.30 140723.13 138381.23 Expenditufg on: Graveyard maintenance Expenditure on charitabk activities Graveyard extension Chanty donations Transfer from Designated to General Funds Total expgnditure: 4212.80 116145.37 4212.80 119589.26 2940.91 117483.04 11437.62 3193.80 3443.89 8022.00 8022.00 £128380.17 £3M3.89 £131824.08 £135055.37 Net income I lexp8ndlturel £9122.45 £1649.21 1872.59) £8899.07 £3325.86 Othgr recognised galns I ISe3 Gains I losses on investment assets Gains I losses on revaluation, fixed assets. charty's own use Nèt movement in funds 345.92 475.83 821.75 1892.(Kll {1225.D)I £9122.45 £1995.13 £11872.591 £475.83 £9720.82 £1208.86 Totsl funds brought forward £70425.22 £32133.14 £992748.36 £15757.1)0 1111063.72 1,109854.82 Totsl funds carried forward £79547.67 £34128.27 £990875.77 £16232.83 1120784.50 1111063.72 On Behalf of the stees Rev. Chrlostoir Mac Br Chairman In Wllllam Oliver Secretary and Treasurer Date: th 28 May 2024 Page 7
Balance Sheet for the year ended 31 December 2023 Unrestricted Deslgnated Restrlcted Endowment This year Last year Fixed assets - Tangible assets Land and buildings £984.000.00 £984.000.00 £984.000.00 Investment Assets RB Gen uifrust 11845.92 16232.83 28078.75 27257.¢XI Total Flxed As80ts £11845.92 £984 000.00 £16232.83 £1012078.7S £1011257.00 Current assets- Debtors Curr•nt assets- Cash at bank and in hand Cash al bank- current account 79547.67 £79547.67 22282.35 £22282.35 6875.77 £6875.77 108705.79 £108705.79 99806.72 £99806.72 Totals Total Assets £79547.67 £34128.27 £990875.77 £16232.83 £1120784.54 £1111063.72 Croditors: Amount falllng due wlthln year Total Assets less Curr8nt Liabilities £79547.67 £34128.27 £990875.77 £16232.83 £1120784.54 £1111063.72 Repregented by Unrestrl¢tod General fvnd 79547.67 79547.67 70425.22 D6signated Chrtslchurch Building Fund Rwanda Fund 34128.27 34128.27 32133.14 Restrithd Sl Pauls Building Fund Building Valuations (see notes) 6875.77 984.000.00 6875.77 984.000.00 8748.36 984,000.00 EndowThent 16232.83 16232.83 15757.00 Total Funds £79547.67 £34128.27 £990875.77 £16232.83 £1120784.54 1 111063.72 On Behalf of the Trustees Rev. Chriostoir MacBruithln William Oliver Date 21° May 2024 Page 8
Notes to the financlal statements for the year ended 31° December 2023 l. Accounting policies Set out below are the principal accounting policies which have been adopted in the compilation of the Statement of Financial Activitie5 and the Balance Sheet. la) Statement of Financial Actlvltles All items of income and expenditure included within the Statement of Financial Activities have been accounted for on an accrua15 basis. {b) Balance Sheet {1) Assets retainedfvr the Porish'5 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 Herita8e 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. 11) Investments Fixed asset investments comprising of investments in RCBICIT Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each year end date. Reconclllation of Cash Funds Total Cash Funds at Beginning of the year Receipts for the Year {incl. previous year debtors) Payments for the Year lincl. previous year creditors) Total Cash Funds at end of the year £99806.72 £140723.13 £131824.06 £ 108705.79 Page 9
Movement In Funds ning Incomlng Ou in Transfers Galnsllosses Closin Chrlstchur¢h Building Designated £32133.14 £1649.21 £345.92 £34128.27 St Paul's Bulldlng Fund Restricted £8748.36 £1571.30 £3443.89 £6875.77 G•neral Fund Unrestricted £70425.22 £137502.62 £128380.17 £79547.67 Bullding Valuations Restricted £984.000.00 Endowment Fund Restricted £15757.LKI £475.83 £16232.83 Grand Total £ 1 111063.72 140723.13 131824.06 821.76 1120784.50 oses of Restritted and Desi nated Fund 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 £9196.33 relating to the Rate5, maintenance and runnin8 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 list 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 AndÈr50n Brian Simpson Evelyn Conn £5200.(M) £2280.LY) £520.00 Caretaker/Sexton Fees Organist Fees Organist Fees. Page 10