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2024-12-31-accounts

Parish of Errigal and Desertoghill, Garvagh Trustees, Annual Report and Statement of Receipts and Payments and Assets and Liabilities For the year ended 31 December 2024 Charities Number: NIC 104706

Annual report and financial statements for the year ended 31 December 2024 Contents Pages References and admirsislralive details of the Charity Trustees, report Independent Examiners Report to the Trustees Receipts and payments account Statement of assets and liabilities Notes to the financial statemenls 10-15

References and administrative details Charity Name., Parish of Errigal & Desertoghill, Garvagh Charity Registration Number.. NIC 104706 Contact Address: St Paul's Rectory 58 Station Road Garvagh BT515LA Trustees Revd. Carmen Hayes Anne Andrews Hazel Gibson Pamela Hegarty Eleanor Livingston Douglas McBride Raymond McFaul Mellissa McGurgan Sharman Wilson Vivian Church Alwyn Hayes John Kane Ruth-Anne Lynch Aileen Mccahon Sheila McFaul Wesley Nevin Principal Office-bearers Clergy.. Honorary Secretary: Honorary Treasurer: Rector's Church Wardens: People's Church Wardens: Revd Carmen Hayes Mrs Sharman Wilson Mr Alwyn Hayes Hazel Gibson {Errigal) Vivian Church Desertoghill) Sharman Wilson (Errigal) Independent Examiner Dr. R I Peters Gallagher, OBE, FCA Moore(N.I,) LLP 32 Lodge Road Coleraine BT52 INB Principal Bankers Dan5ke Bank The Diamond Coleraine BT52 IDE

Trustees, Annual Re ort for the ear ended 31 December 2024 The Trustees present the annual report and statements of Receipts and Payments and Assets and Liabilities for the Parish of Errigal & Desertoghill for the year ended 31 December 2024. Ob'ectives and Activities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of the Parish Church is to support the advancement of the Christian religion bv promoting, through the work of the Parish Church, the whole mission of the Church, pastoral, evangelical, 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 deliveryofthe benefits of Christlanity. As a result of activity in the pursult ofthe advancement of the Christian religion, the Parish has custodv of property and of records, materials and artefacts of significance to the cultural and religlous heritage. The maintenance of these is undertaken by the Select Vestry of the Parish of Errigal & Desertoghill. Achievements Performance & Public Benefit The Parish of Errigal & Desertoghill has been under the incumbency of Revd. Carmen Haye5 from September 2019. A5 a church we provide a weekly service of Morning Prayer and a once per month service of Holy Communion. We also provide for baptisms, weddings, funerals and pastoral support. We broadcast our services live on our Facebook page. Our church maintains a link with the other churche5 in the area. Our Rector visits church member5 in hospitals, nursing and care homes as well as at home. Teaching continues in various formats. Sunday School meets prior to our church service during the school year. We launched a new group with special needs children in 2023. Our annual youth event SPARK takes place in the summer, Our social organi5ations are important and the Mothers Union provides refreshments afterfunerals. The Bowling Club re-opened in 2023 and meets fora few months each bowling season. Our parish hall and our car park are used by other local community groups and organisatlons. Our Select Vestry organise and carry out repairs and maintenance to our two churches, the hall, the graveyard and the rectory. Ourchurch continues to adhere to the Church of Ireland Safeguarding Trust Code of Conduct and Good Practice for all those worklng with children and vulnerable adult5. The church organised a fundraiser called'The 150 Club, during the year which proved very successful. There was also a Harvest concert in October which raised funds as well as brlnging the wider community together.

The parish is considered to be in sound financial standing at the close of the financial year ending 31 December 2024. Flnancial Review Financial reports are reviewed throughout the year and there is also a review on completion of the annual accounts. Total income1£86,2431 for the year ended 315t December 2024 was higher than our total expenses (£85.9031 by £340. The total value of cash funds held increased to £200,587. Goin Concern The Trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate fund5 in place to ensure that the Parish can continue its activities and the financial Statements for the year ended 31 December 2024 can be signed off as a going concern. A problem with wood worm and dry rot in the church has been identified. The Trustees are seeking financial help through the Heritage Lottery Fund. Structure Governance and Mana ement Governin Document and Constitution of the Charit Chapter 111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisatlon. The Select Vestry members are the Charity Trustees. Recruitment and A ointrnent of Select Vestr 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. Pa and Remuneration The Rector is not paid directly by the Parish. A monthly assessment is paid to the Diocese which comprlses Stipend, Locomotory Allowance, Employer's National Insurance and Employer's Clergy Pension Contributions.

Or anisational Structure The Select Vestry is responsible for the day to day management of the Parish. The Select Vestry consists of the member of the Clergy serving in the Parish, the Church Wardens and generally not more than twelve other members elected at the General Vestry. The Select Vestry is chaired by the Incumbent. 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, the Secretary or the Church Wardens. In 2024 the Select Vestry met five times during the year and the average attendance was 68Yo. Com liance with Public Benefit The Parish of Errigal & Desertoghill 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 heSped to achieve the Parish's objectives and activities, as well as providing public benefit. There continues to be no private gain to any indlvidual member. Statement of Trustees, Res onsibilities 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 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 asset5 and Ilabilities 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 asset5 of the Parish and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularitie5. Signed on behalf of the Trustees Trustee I Trustee 2 Date: L11

Independent Examiners Report to the Trustees of the Parish of Errlgal and Desertoghlll, Garvagh We report on the accounts of the Parish of Errigal and Desertoghill for the year ended 31 December 2024, which are set out on pages 8 to 15. Respective rosponsibilities 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 our 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 We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under section 6519)(b) of the Charities Act. Our examination included a review ofthe 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. Our role is to state whether any material matters have come to 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 aGcounting requiremenls of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examlner's statement We have completed our examination and have no concerns in respect of the matters {1 } to14) listed above and, in connectlon with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Name.. Dr R I Peters Gallagher, OBE, FCA Professional Body.. Chartered Accountants Ireland Address.. Moore {Nl). 32 Lodge Road, Coleraine, BT52 1NB Ll 't o"LS- Date..

Recelpts and Payments Account for the year endod 31 December 2024 Unregtri¢ted Restricted Endowment Funds Funds Funds 2024 2024 2024 Total Total Note 2024 2023 Recei Envelope and plate collections Other donations Gift Aid Grants Fundraising Missions and charity donations Other Income Bank Inlerest Investment Income 47,275 500 8,446 6,104 3,658 1,335 53.379 53,174 3,874 10,963 2,000 1,468 1,062 110 4,158 9,781 7.074 911 7,074 911 682 2,111 8.147 86,243 82 1,211 7,337 64,851 600 900 810 919 7,703 81,273 Total Recei ts 21,392 ments Diocesan Assessment Propety maintenance Church running costs Rectory costs Missions and charity donations Sunday School SPARK Other church events Fundraisin9 Costs Financial Charges Other Items Administration costs 55,492 1,812 4,925 4,281 76 55,492 6,476 5,536 4,281 2,537 898 2,309 135 51,740 4,518 5,129 5,114 3,287 405 4,664 611 2,461 898 2,309 135 3,044 278 278 173 358 98 364 678 6,919 85,903 355 1,130 6,439 81,334 580 6,919 73,961 Total Pa ments 11,942 Excess of Receipts over Payments for the year before transfers Transfers Excess of Receipts over Payments for the year -9,110 9,450 340 -61 -2,500 2,500 -61 -11,610 11,950 340 Signed on Behalf of the Trustees Trustee 1 Trustee 2 Date b(

statement of Assets and Llabllltles as at 31 December 2024 Unrestricted Restricted Endowment Funds Funds Funds 2024 2024 Total Total Notes 2024 2024 2023 Cash Funds Current Accounts 42,309 18,552 60,861 112,193 27,533 139,726 154,502 46,085 200,587 155,922 44,325 200,247 Deposit Accounts Total Cash Funds Investment Assets Investments in RCB Unit Trusts Investments in CIT Unit Trusts Total Investment Assets 175,753 175,753 172,550 fj06,818 106,818 97.431 282,571 282,571 269,981 Assets retained for the Parish's own use Rectory Fixtures & Fittings Total Assets retained for the Parish's own use 175,000 5,000 175,000 5,000 175,000 5,000 180,000 180,000 180,000 Total Assets 240,861 139,726 282,571 663,158 650,228 Signed on Behalf of the Trustees Trustee 1 Trustee 2 Date:

Notes to the financial statements for the year ended 31 December 2024 q. Accounting policies Set Oul 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 (a) Receipts and Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. The breakdown of the items of receipts and payments has been re-classified from the previous year in a more meaningful way. (b} Statement of Assets and Liabilities This year's report has been updated to reflect the complete analysis of assets and liabilities at 31 December 2024. (i) Assets retained for the Parish's own use The assets of the Parish, retained for ils own use comprise:_ Church Buildings and Graveyard Church Hall Rectory Fixtures and fittings The two Church Buildings 3nd Graveyard are deemed to be Heritage assets as defined by the Charilies SORP IFRS102). 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 cosl commensurate with the benefit to the users of the accounts and to the parish. The Cnurch Hall is not included in the statement of assels 2nd liabilities as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefits of the users of the accounts and lo the parish. The Rectory is valued al domestic rateable value. Fixtures and Fittings in the churches are recognised at an estimate valuation provided by the Trustees. ii) Investments Fixed asset investments comprising investment in RCBICIT Unit Trusls are slated at fair value at each yeaf end date. iii) Endowment Funds The capital of Endowment Funds are to be retained either permanently or at the congregation's discfetion.. the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. 10

Notes to the flnancial statements for the year ended 31 December 2024 3 (conttnuedl 2. Envelope and Plate Collections Unrestricted 2024 Restricted 2024 Total 2023 Freewill Envelopes Building Fund Envelopes Loose Collections Harvest Thanksgiving Moyletra- Harvest Thanksgiving Moyletra- Carol Service SPARK Collection Stjnday School TOTAL 45,259.27 46,046.60 4,720.00 417.70 720.00 613.00 520.00 52.50 4,107.00 839.73 1,726.50 810.00 366.00 147.82 122.85 84.20 47,275.00 6,104.17 53 174.00 3. Glft Ald Unrestricted 2024 Restricted 2024 Total 2023 Freewill Offering Building Repair Fund Harvest Appeal 150 Club Turkeylsyria Appeal TOTAL 8,445.77 9,939.48 846.25 152.50 557.50 262.50 515.43 25.00 8,445.77 1335.43 10,963.23 4. Fundraising Unrestricted 2024 Restricted 2024 Total 2023 Car Bool Sale 150 Club Harvest Concert and Lunch TOTAL 1,354.40 113.25 5,239.00 1,835.00 7 074.00 1,467.65 5. Property Malntenance Unrestricted 2024 Restricted 2024 Total 2023 st. Paul's Moyletra Church Roof Refurbishment Rectory TOTAL 2,490.38 2,124.71 750.00 1,811.92 1,150.00 1,023.25 4 663.63 1,643.68 1,811.92 4,518.39

  1. Church Runnlng Costs Unrestricted 2024 Restricted 2024 Total 2023 Electriclty Heating Oil Water Rates Moyletra - Gas for heaters Organist Audio Promotions l DVDS Cleaning Materials Broadband Clerical Relief I Visiting Speakers TOTAL 1,648.01 1,214.46 260.77 92.25 1,360.00 587.22 1,692.00 241.59 1,460.00 600.16 99.98 86.09 424.87 187.56 360.00 350.00 4,925.49 610.94 5,128.53
  2. Rectory Costs Unrestricted 2024 Restricted 2024 Total 2023 Electricity Healing Oil Rates TOTAL 1,319.46 2,138.45 823.54 1,402.42 2,929.50 781.62 4,281.45 5,113.54

  3. Adminlstration costs Unrestricted 2024 Restricted 2024 Total 2023 Printing and Stationery Insurance Telephone Independent Examination Copyright Licence Rector's Office Allowance RCB - Gift Aid Charges Church of Ireland Trustees- Investment Costs Secretary's Expenses Surefire Protection Sundry Expenses TOTAL 735.38 2,531.53 800.83 454.40 2,356.08 1,041.62 564.00 229.00 884.00 730.71 540.00 239.00 884.00 680.94 152.41 150.14 22.94 7.86 310.60 20.92 20.97 6,918.55 6,438.78 12

  4. Movement in Funds At1Jan Incoming Outgoing Transfers 2024 Resources Resources At 31 Dec 2024 Restrlcted funds Bullding Repair Building Investment Missions Graveyard Parish Hall Parish Development Sunday School Bowling Club Total restricted 71,091 26,633 17.205 900 911 1,598 142 453 185 3,504 84,792 27,533 2,461 1,980 229 2,445 1,323 1,550 2,372 1,634 24,433 1,306 307 1,990 1,547 22,441 1,168 257 1,000 -50 127,776 21,394 11,942 2,500 139,728 Unrestricted funds General Fund Fixed Term Deposit Moyletra Moyletra Deposit 46,368 6,086 8,411 11,606 62,269 258 1,723 602 71,946 -2,500 34,191 6,344 8,118 12,208 2,016 72,471 64,852 73,962 -2,500 60,861 Total funds 200,247 86,246 85,904 200,589 Pur oses of Restricted Funds Building Repair and Hall Funds - This is money to assist vqilh the cost of maintaining St Paul's Parish Buildings. Parish Development- Funds to develop church growth and interaction with the local community. Missions- Monies for donation to missionary organisations. Sunday School- A fund fof the use of St. Paul's Sunday School Bowling Club- This is a fund for the use of the Bowling Club.

  5. Investment Asset5 RCB Unit Trusts CIT Unit Trusts Total Opening value at t Jan 2024 172,549.53 97,430.59 269,980.12 Changes in valuation Additions Disposals 3,203.62 9,387.42 12,591.04 Closing value at 31 Dec 2024 175,753.15 106,818.01 282,571.16 Changes in valuation are reflected directly to reserves as these are non- cash movement.

  6. Assets retained for the Pari5h'5 own use Fixtures and Fittings Rectory Total Opening cost at 1 Jan 2024 175,000 5,000 180,000 Additions Closing cost at 31 Dec 2024 175,000 5,000 180,000

  7. Reconciliation of Charity Funds Balance brought forward 111/24 650,227.34 Cash Surplus 340.29 Increase Sn value of investments 12,591.04 Total charity funds 31/12124 663,158.67 Changes In the value of investments are reflected in reserves as these re non-cash transactions. 14

  8. Transactions wlth the Trustees No trustee, apart from the Rectoi, received any remuneration during the year. Expenses were paid lo the Secretary {£23).

  9. Governance Costs Governance costs of £540 were incurred during the year which relates lo fees paid lo the independent examiner. Governance costs are included within administration costs in the Receipts and Payments Accounts. 15