Report of the Trustees for the year Limavady/Drumachose/Christ Church/Derry/Church of Ireland
Year ending 31 December 2021
CHARITABLE PURPOSE AND OBJECTS
The charitable purpose of the Church of Ireland is the advancement of religion.
Purpose 1: The principal function of Drumachose Parish Church 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 are fundamental to the practical delivery of the benefits of Christianity.
Purpose 2: As a result of activity in the pursuit of the advancement of the Christian religion, the Parish of Drumachose has custody of property and of records, materials and artefacts of significance to our cultural and religious heritage, the maintenance of which is undertaken by the select vestry of the parish.
PUBLIC BENEFIT
Purpose 1: The expression of the precepts of the Christian religion through engagement with the general public, and in particular with the disadvantaged, the sick, the elderly and the young is a public benefit. This can be measured and evidenced through social integration and pastoral care delivered at the point of need. The direct benefit of participation in Church life includes the enjoyment of public worship and the giving and receiving of pastoral ministry, improved understanding of the values relating to civil engagement, community cohesion and providing a bridge between diverse groups as well as improved educational outcomes through the Church’s ministry and teaching.
The beneficiaries are the general public, and the public valuation of the benefits can be evidenced through attendance at public worship, participation in Church governance and willingness to support through contributions the continuing witness of the Church. The wider benefit to the public will outweigh any detriment arising in the course of Christian outreach. Any private benefit arising out of | the fulfilment of our Christian ministry or to lay staff is essential to the fulfilment of the purpose of the advancement of religion. No trustee receives any remuneration, reward or private benefit for carrying out their trustee responsibility.
Purpose 2: The direct benefits flowing from this purpose include the provision of archive records, public enjoyment of cultural and historic buildings and artefacts such as Church plate, furnishings and materials as well as an overall improved appreciation of longstanding Christian heritage. This is demonstrated through on-going provision of access to records and the use made of these records in e.g., research and genealogy, through conservation efforts in respect of records, property and artefacts and the subsequent and continued requests for access to and use of materials by wider society. There is no harm arising from this purpose. The beneficiaries are the general public. No private benefit is received by the trustees fulfilling their trustee responsibilities in respect of these records, buildings or artefacts.
Achievments and Performance and Public Benefit
Once again our year was overshadowed by Covid restrictions. However we were able to resume church services but had to observe social distancing regulations which restricted numbers. Sunday schools reopened in September with Junior and Senior pupils attending on alternate Sundays. The youth clubs were also able to operate on a restricted basis. The use of our Halls by outside organisations was also curtailed.
The special Collections & Missions section of our accounts detail monies collected for charities and contributions made to charities.
The Church follows all the regulations of the Church of Ireland Safeguarding Trust in respect of the protection of children.
Governing Document and Constitution of the Charity
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 Appointment of Select 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 Select 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-elected annually and there is no limit on the number of terms which may be served.
Financial Review
The income and expenditure account shows a reduction of £10,000 in rental income and a £5,000 reduction in direct giving as a result of the restrictions in use put in place due to Covid 19 lockdowns, but both accounts show a healthy balance. The funds of the Catering Club, Bowling Club and Choir are used at the discretion of those organisations.
Accounting Policies
Receipt and Payments 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
The assets of the Parish comprise of:
Church Building and Graveyard
Main Parish Hall , Minor Parish Hall
Ogilby Hall
Building at 76/78 Main Street
Rectory
The Church Building and Graveyard and Ogilby Hall 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 Church was built in the 17" Century and Ogilby Hall in 1834.
The Main Parish Hall was built in 1968, The Minor Hall in 2013 and the Main Street Building in 2002. All the buildings are of stone and brick construction and are in good condition. No depreciation has been provided as the current estimated residual value is not less than their carrying values and the remaining useful life currently exceeds 50 years.
Investments
Investments in CIT and RCB Unit Trusts are stated at the Nominal Book Value which is lower than the current net realisable value.
Reconciliation of Cash Funds
| £ | |
|---|---|
| Total Cash Funds at beginning of year | 353,437 |
| Receipts for the year | 160,065 |
| Payments for the year | 110,981 |
| TotalCashFundsatendoftheyear | 402,520 |
Going Concern
The Select Vestry have reviewed the Accounts for the year and are satisfied that there are adequate funds in place to ensure that the Parish can continue its activities and the financial statements for the year ended 31°' December 2018 can be signed off as a going concern.
Statement of Trustees responsibilities
The trustees are responsible for preparing the Trustees Report and the statement of receipts and payments and statement of assets and liabilities in accordance with applicable law and regulations.
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.
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Signed on behalf of the trustees: Trustee 1
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Ou lett )
Sam Hunter
_ Neen
Tom Dunn
9” “ wptey Lott
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