Omagh/St Columba's/Derry/Church Of Ireland Trustees, Annual report and Financial Statements For the year ended 31 December 2022 Charities Number: NIC104764 ST COLUMBA'S CH U RCH
Omagh/St Columba's/Derry/Church Of Ireland Annual report and financial statements for the year ended 31 December 2022 Contents Pages References and administrative details of the Charity Trustees. annual report Independent Examiners Report to the Trustees Statement of financial activities io Balance sheet li Notes to the financial statements 12-21
Omagh/St Columba's/Derry/Church Of Ireland Reference5 and administrative details Charity Name: Omagh/St Columba's/Derry/Church Of Ireland Charity Registration Number.. NIC104764 Contact Address- The Rectory 8 Mullaghmenagh Avenue Omagh BT78 5QH Trustees All trustees who served at any time during the year and up to the date of signing the accounts are listed below- Mr Irwin Brannigan Mrs Lynne Brannigan Rev Alexander Chisnall - appointed September 2022 Mr Norman England Mr Reece England- appointed April 2022 Mr Keith Givens Rev Graham Hare Mr Michael Hart Mr George Henderson- resigned April 2022 Mrs Sandra Isherwood Mr Marcus Isherwood Mrjoe Johnston Mr Wes Lindsay Mr Glen McBride Mr Alan Mitchell Mr David Mitchell Mr Nigel Strain Mr Robert Wilkinson Mr Godfrey Young Principal Office-bearers {at date of signing) Clergy: Secretary- Church Treasurer- Church Warden- Rectors- Church Warden - People- Rev Graharn Hare Mrs Sandra Isherwood Mr Nigel Strain Mr Keith Givens Mr5 Lynne Brannigan
Omagh/St Columba's/Derry/Church Of Ireland References and administrative details Icontinuedl Independent Examiner Hamill Mcllwaine Chartered Accountants 28-30 Old Mountfield Road Omagh BT79 7BJ Bankers Ulster Bank 4 High Street Omagh BT78 IBJ
Omaghlst Columba'5/Derry/Church Of Ireland Trusteeg Annual Report for the year ended 31 December 2022 The trustees present the annual report and financial statements for the St Columba's Church 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 St Columba's Church of Ireland Parish is to support the advancement of the Christian religion by promotin& through the work of St Columba's Parish Church the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Being open to and engaging with society as a whole and offering support forthose needing help are fundamental to the practical delivery of the benefits of Christianity. As a result of attivity in the pursUIt of the advancement of the Christian religion. St Columba's Parish Church has custody of propety and of records, materials and artefacts of significance to the cultural and religious heritage and maintenance of which is undertaken by the select vestry of St Columba's Parish Church. Achievements, Performance & Public Benefit lementin the charitable ur ose throu arish activities within and outside the Parish. St Columba's Parish Church is under the incumbency of the Reverend Graham Hare and fulfil their charitable purpose through parish activities both within and outside the parish. The Parish. in implementing its evangelistic, pastoral, social and ecumenical mission, undertakes a wide range of activities. In the advancement of the Christian religion we focus on worship by offering services each sunday, in the church. A growing range of services, outreach initiatives, community engagement events and faith enhancement opportunities is always evolving. In sUPPOrt of our worship, the Church engages in a range of pastoral activities to develop social cohesion in the neighbourhood and help those in social need. Such activities include pastoral visits by the Clergy and Lay Visitors to hospitals, nursing hornes and residential care centers. The Clergy also visit parishioners in their homes as well as offering preparation for weddings and baptisms, arranging funerals and offering support to the bereaved in their time of loss. The pastoral work of the Parish is underpinned by prayer. We regularly engage, along with other parishe5, through the Omagh Churches Forum and with the Methodist Church. Social and educational interaction is important and St. Columba'5 provides, on a weekly basis, activities to promote social and educational opportunities for all ages. These include a toddlers group, Sunday School, Confirrnation Class, Youth Fellowship, Evergreen. Mothers, Union, Choir and Bowls. Additional occasional activities of this nature have included provision of funeral teas, youth and adult Alpha Courses to facilitate those exploring the Christian faith. Prayer Group, discipleship courses emergency responses to major world disasters. 2022 saw significant growth in our congregations as people, and these accounts reflect, once again, the generosity of people and the faithfulness of God in meeting every need. This year saw the parish complete the external renovation of St Columba's Church, and our attention will soon turn to the interior. Along with other churches, we have been impacted by the rising costs of energy and high inflation. Those factors have an impact on mission and ministry, but we look forward with confident faith to what God has in store in the year ahead. This yearsaw the staff team grow when we welcomed Rev Alexander Chisnall as Curate Assistant to the Parish. This year also saw the departure of our Organist, Mr Derick Weir.
Omagh/St Columba's/Derry/Church Of Ireland Trustees, Annual Report for the year ended 31 December 2022 Icontinuedl The church was successful in securing permission to embark on the largest capital building project in a generation. This was to enhance and preserve the exterior fabric of the church building for futu re generations. In order to sustain this project the church availed of various grants and donations to complete phase 2 thus completing the renovation of the exterior of the church. With an ageing congregation the Parish has continued to progress its project to improve accessibility to our church building and hall to facilitate those with mobility issues. The plans also include the provision of an accessible WC and wheelchair spaces within the church car park. In working with conservation and ecclesiastical architects, planning permission has been granted for this work and for future proposals to improve car parking within the church grounds. Church of Ireland approvals have also been granted. Expenditure is incurred in the provision of the above artivities and in the maintenance of the church facilities and services. The Select Vestry, which is made up of our Trustee5, Seeks to steward our financial resources wisely and support the work of our mission. In all our 3Ctivities designed to reach out to Children and Young people the Parish adheres to the Safeguarding Trust, the Church of Ireland policy for working with Children and Young People. Subsequent to year end and in light of guidance issued by.the Charities Commission, the Select Vestry, as Trustees, has reviewed the operation of its Safeguarding Trust Committee especially in the context of reporting untoward events to the Police Service for Northern Ireland and the Charities Commission for Northern Ireland. St. Columba's remains committed to our mission through outreach by contributions to support the work of various organisations, local and international. A review of our support for such organisations shows a wide range of recipients including for example Youth for Christ, South American Mission Society, Cancer Research, Scripture Union and The Bishop's Appeal. The Parish has a long-standing association with Ty Caraid in Africa and maintains financial and practical support for the work there in the areas of health and education. St. Columba's Church is committed to the mission of providing pastoral care to its members and seeking to draw them closer to God in their daily lives. Prudent financial management of incorne and expenditure by the Selett Vestry is a vitslly important objective in the day- to day managernent of the Parish, The main source of income comes from regular freewill offering frorn parishioners and associated gift aid. Expenditure is incurred in the provision of the above activitie5 and in the rnaintenance of the church facilities and services. A key area of expenditure is staff costs including the payment of clergy and wages to lay employees including a sexton and a musical director. Payments to the central church bodies, insurances, property repairs and maintenance to church properties and allocations to charitable organisations are also areas of significant expenditure. Other costs include payments in relation to estate, licences, compliance costs, professional fees and materials and equipment required for effective delivery of church activities. Many of our members are very appreciative of the opportunities for fellowship and spiritual growth that the church offers to them and we want to offer these opportunities to as wide a demographic as we can. Finally, the Parish continues to give careful consideration to following the Charity Commission for Northern Ireland's guidance on public benefit to ensure that its activities during the year, and those planned for the future, have and will continue to achieve the Parish's objectives as well as providing public benefit.
Omagh/St Columba's/Derry/Church Of Ireland Trustees, Annual Report for the year ended 31 December 2022 (continued} Financial Review A5 Costs continue to rise, the Select Vestry remain5 prudent in its management of Parish finances. We acknowledge that everything we have 15 3 gift from God, and therefore seek to rnake decisions which reflect the mission and ministry priorities of his church. This past year has once again seen unpredictable levels of income, caused by the on-going restrictions in place around meeting and, earlier in the year, churches being closed in a bid to curb infection levels. This report is evidence of increased giving through our Freewill Offerin& and an increased number of parishioners choosing to give by Standing Order. 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 and the financial staternents for the year ended 31 December 2022 can be signed off as a going concern. Structure, Governance and Management 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 andAppointment 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 a5 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, subject to meeting the required conditions. Meetings of the General Vestry are held usually once per year. The Selett Vestry Is elected at 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 seNed.
Omagh/St Columba's/Derry/Church Of Ireland Tru5tees' Annual Report for the year ended 31 December 2022 (continued) Puy and remuneration The Rector and Curate receive a stipend and ofFice and locomotory allowances in accordance with figures approved by the General Synod of the Church of Ireland and pension contributions and Employees National Insurance are paid in accordance with Diocesan recommendation. The Organist and Sexton receive salaries commensurate with role and experience. Oryonisotionalstructure The select vestry consists of the member of the clergy serving in the parish, any curate assistant I the curate"). 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 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 including 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 rnay be convened at any time by the chairperson or the churchwardens Compliance with Public Benefit The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the artivities entered into during the year have helped to achieve the Parish's objectives and activitie5. as wel l as providing public benefit.
Omagh/St Columba's/Derry/Church Of Ireland Trusteeg Annual Report for the year ended 31 December 2022 (continued) Statement of Tru5tees' 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 law applicable to charities in the Northern Ireland requires the trustees to prepare financial statements for each financial year. Under that law the trustees have prepared the financial statements in accordance with Generally Accepted Accounting Practice in the United Kingdom (accounting standards issued by the Financial Reporting Council in the UK , including Charities SORP IFRS 1021 ' Accounting and Reporting by Charities- Statement of Recomrnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and promulgated by the Institute of Chartered Accountants in the United Kingdom and United Kingdom Lawl Under that law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of the affairs of the charity and of the statement of financial activities of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently,- makejudgments and estimates that are reasonable and prudent state whether the financial staternents have been prepared in accordance with applicable Accounting Standards and identify the standards in question, subject to any material departures being disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Parish will continue as a going concern. 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 th e prevention and detection of fraud and other irregularities. Signed on Behalf of the Trustees Rev Graham Hare Mrs Sandra Isherwood- Secretary Date
Independent Examiners Report to the Trustees of Omagh/St Columba's/Derry/Church Of Ireland We report on the accounts of Omagh/St Columba'slDerry/Church of Ireland for the year ended 31 December 2022, which are set out on pages 10-21. Respective responsibilities of charrty 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 Charites Act. Follow the procedures laid down in the general Direction given by the Commission under section 6519llbl of the Charities Att. State whether particular matters have corne to our attention. Basis of independent examinevs report We have examined your charity accounts as required under section 65 of the Charites Act and our examination was carried out in accordance with the general Directions given by the Charity Commission. Our 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 seeking explanations from you as charity trustees concerning any such matters. Our role is to state whether any rnaterial matters have come to our attention giving us cause to believe-. That accounting records were not kept in accordance with section 63 of the Charities Act That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of the Charites Att That there is further inforrnation needed for a proper understanding of the accounts to be reached. Independent examinerfs statement We have completed our examination 3nd have no concerns in respect of the matters111 to141 listed above and in connection with following the Directions of the Charity Commission for Northern Ire13nd, we have found no matters that require drawing to your attention. Hamill Mcllwaine Chartered Accountants 28-30 Old Mountfield Road Omagh, Co. Tyrone Bf19 7BJ Date
Omagh/St Columba's/Derry/Church Of Ireland Statement of Financial Activities for the year ended 31 Dernber 2022 Unrestrirted Funds 2022 Restricted Funds 2022 Endowment Funds 2022 Total 2022 Total 2021 Note Income Donations & legacies Other trading activities Investments Charitable activities 105,379 20,545 26,065 2.032 69,685 5,123 175,064 25,668 26,065 5,599 180,266 14,352 27,962 17,586 3,567 Total Income 154,021 78,375 232,396 240,166 enditure on: Generating funds Charitable activities Other Total Ex 410 136,201 356 19.488 5,447 25,291 766 155,689 5,447 161,902 127,149 1,714 128,863 enditure 136,611 Net Income/ (Expenditure) before transfers 17,410 53,084 70,494 111,303 Transfers between funds 143.8021 43,802 Net Income/ (Expenditure) before other recognised gain5 and losses 126,392) 96,886 70,494 111,303 Gain/lLossl on investments assets 123,7401 (23,740) 16,967 Net movement in funds 126,3921 96,886 {23,7401 46,754 128,270 Reconciliation of fund5: Total funds brought forward 1,127,857 478,039 351,339 1,957.235 1,828,965 Total funds carried forward 1,101,465 574,925 327,599 2,003,989 1,957,235 10
Omagh/St Columba's/DerrylChurch Of Ireland Balance Sheet as at 31 December 2022 2022 2021 Fixed Assets Tangible Fixed Assets Investment Properties Investments Total fixed assets li 12 983,263 723,500 184,849 1,891,612 885,590 723,500 208,589 1,817,679 13 Current Assets Debtors Cash and cash equivalents Total current assets 14 20,462 156,008 176,470 17,444 213,944 231,388 Creditors- amounts falling due within one year Total creditors 15 (1,433) (1,433} {1,039} 11,039} Net Current Assets 175,037 230,349 Creditors- amounts falling due after one year Loans (62,660) (90,793) Total net Assets 2,003,989 1,957,235 The funds of the parish Unrestricted funds General funds Designated funds Total unrestricted funds Restricted Funds Endowment Funds 16 1,017,467 83,998 1,101,465 574,925 327,599 1,059,944 67,913 1,127,857 478,039 351,339 16 16 Total charityfunds 2,003,989 1,957,235 The notes on pages 12 to 21 are an integral part of these financial statements. The financial statements on pages 10 to 21 were approved by the Board of Trustees on its behalf by: 41 s and signed on Rev Graham Hare Mrs Sanrda Isherwood
Omagh/St Columba's/Derry/Church Of Ireland 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 Financial Statements. al Basi5 of preparation The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}- {Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}. The Parish meets the definition of a public benefit entity. Assets and liabilities are initially recognised at historical cost and transaction value unless otherwise stated in the relevant accounting policy notes. b) Preparation of accounts on a Eoing concern basis The Parish generally meets its day to day working capital requirements from its annual income. The Trustees have obtained and reviewed cash flow forecasts for the coming year and based on these are satisfied that the Parish has resources to provide a reasonable expertation that it can continue to meet it5 financial obligations as they fall due for the foreseeable future. Therefore these financial statements have been prepared on a going concern basis. c) Income Plate Collections, Weekly Envelopes, Graveyard income are accounted for on a cash receipts basis as the amount is collected Income arising from the rental of Parish Centre facilities to third parties is recognised when the parish has entitlement to the funds. any performance conditions attached to the income have been met, it is probable thatthe income will be received and the amount can be measured reliably. Incorne from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met. it is probable that the income wil I be received and the amount can be measured reliably and is not deferred. Legacies are included within Income, under either unrestricted or restricted funds, according to the terms under which the donation is made and when the amount can be quantified with reasonable certainty. Donations and gifts in kind are brought into the accounts at their fair value to the Parish. d) Expenditure Expenditure is recognised once there is a legal or constructive obligation to make 3 p3yrnent to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. 12
Omagh/St Columba's/Derry/Church Of Ireland Notes to the financial statements for the year ended 31 December 2022 {continuedl l. Accounting policies (continued) e} Tangible a55ets The assets of the Parish. retained for its own use comprise:_ Church Building lincluding fixtures and fittings) and Graveyard Church Hall Rertory Curatage Church building and Graveyard The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP IFRS1021 These Heritage assets are not included in the balance sheet 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. Church Hall The church hall was built in 1973. There are no reliable records of the cost of this construction and valuation approach for such a building lacks sufficient reliability. As a result this building is not recognised in the parish balance sheet. The rectory The rectory is recognised at its capital value as per Land and Property Services. No depreciation has been provided on the rectory as the current estimated residual value is not less than its carrying value and the rernaining useful life currently exceeds 50 years. The curatage The curatage is recognised at its capital value as per Land and Property Services. No depreciation has been provided on the curatage as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. Fixtures and fittings for use the by charity are capitalised if they can be used for more than one year, and cost at least £4,000. Fixtures and Fittings are recognised at cost or, if gifted. at the value to the charity on receipt and are depreciated on a reducing balance basis over a period of 10 year5. The assets, residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal. the difference between the new disposal proceeds and the carrying amount is recognised in the statement of financial artivities and included in 'Other operating Ilossesl/gains'. 13
Omagh/St Columba's/Derry/Chur¢h Of Ireland Notes to the financial statements for the year ended 31 December 2022 {continuedl Accounting policies Icontinuedl li) Investments Fixed asset investments comprising investment properties, investments in equities (ordinary shares} and investment in RCB/CIT Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each balance sheet date. Investments in unquoted investments are recorded at cost and are assessed annually for irnpairment. Unrealised gains and losses represent the difference between the fair value at the beginning and end of the financial year or, if purchased in the year, the difference between cost and fair value at the end of the year. Realised gains and losses represent the difference between the proceeds on disposal and the fair value at the start of the year or cost if purchased in the year. Both realised and unrealised gains and 1055es in investments are reported within "Net Gains / (Losses) on Investments" within the Statement of Financial Activities. g) Cash and cash equivalents Cash and cash equivalents IndUd cash in hand, deposits held at call with banks, other short-terrn highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within Creditor5 Amounts falling due within l year. h) Financial instruments The Parish only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction price and subsequently measured at their settlement value. il Funds Funds are classified as either restricted funds or unrestricted funds, defined as follows. Restricted funds are funds 5ubjett to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the Parish. Endowment funds are funds which h3ve been given on the condition that the original capital sum is not reduced. but the income there from is used for the purpose defined in accordance with the objects of the Parish. Unrestricted funds are expendable at the discretion of the trustees in furtherance of th e objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an adrninistrative purpose only and does not legally restrict the trustees, discretion to apply the fund. Critical accounting judgements and estimation uncertainty Estimate5 and judgments made in the process of preparing the financial statements are continually evaluated and are based on historical experience and other fartors, including expectations of future events that are believed to be reasonable under the circumstances. The Trustees do not consider that there are any critical judgments made in applying the Parish's accounting policies or that there are any critical accounting estimates or assumptions which may have a significant risk of causing a material adjustment to carrying amounts of assets and liabilities within the ne)rt financial year. 14
Omagh/St Columba'slDerry/Church Of Ireland Notes to the financial statements for the year ended 31 December 2022 {continued} 3. Donations and legacies Unrestricted Funds 2022 Restricted Funds 2022 Endowment Funds 2022 Total 2022 2021 Plate Collections Weekly envelopes / FWO Tax recovered on Donations Legacies Endowment income Grants Other donations 4,382 75,405 18,247 4,382 88,941 19,720 5,440 5,772 37,035 13,774 175,064 2,855 80,430 17.444 13,536 1.473 5,440 4,365 33,620 11,251 69,685 1,407 3,415 2.523 105,379 10,576 62,117 6,844 180,266 4. Other trading activities Hall rental Car Park rental Fundraising Other 7.578 11,682 1,285 7,578 11,682 6,408 2.255 12,081 16 5.123 20,545 5,123 25,668 14,352 5. Investments Deposit interest Rental Incorne- Investment Properties 25 26.040 25 26.040 27.960 26,065 26,065 27,962 Charitable activities Organisations Income Other Income Vacancy refund 3.567 3,567 2,032 452 1,468 15,666 17,586 2.032 2,032 3,567 5.599 15
Omagh/St Columba's/Derry/Church Of Ireland Notes to the financial statements for the year ended 31 December 2022 (continued) Analysis of Expendtture Unrestricted Funds 2022 Restricted Funds 2022 Endowment Funds 2022 Total 2022 2021 Generating Funds Fundraising costs Other 410 356 766 410 356 766 Charitable Activities Wages and Salaries Diocesan Costs/Asse55ment Church Running Costs Rectory/ Curacy Cost5 Hall expenses Property expenses Investment costs Administration Costs Charitable Donations 12,300 76,947 21,778 5,684 9,334 1,950 I,iii 1,413 1,763 6,281 13,411 78,360 23,541 11,965 9.334 5,248 14,565 69.909 15,911 4,225 1,907 11,976 3.298 3.811 4,397 3,811 10,019 3,797 4,859 5,622 136,201 19,488 155,688 127,149 Other Costs Loan interest Organisations expenses 3,623 1,824 5,447 3,623 1,824 5,447 647 1,067 1,714 Total Expenditure 136,611 25,291 161,902 128,863 Governance costs of £1,445 were incurred during the year of which £1,445 relate5 to fees paid to the independent examiner. Governance costs are included within Administration costs above. 16
Omaghlst Columba's/Derry/Chtsrch Of Ireland Notes to the financial statements for the year ended 31 December 2022 (continued) Gain /ILoss) on Investment Assets 2022 2021 Unrealised fair value gains / Ilossesl on investments 123,7401 123,7401 16,967 16,967 Taxation The Omagh/St Columba's/Derry/Church Of Ireland is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subjert to taxation on its charitable activities. 10. Analys15 of staff costs, trustee remuneration and expenses, and the cost of key management personnel Employees 2022 2021 Salaries and wages National insurance costs 13,268 143 14,181 384 Total 13,411 14,565 The average number of employees during the year. calculated on the basis of a head count. was as follows- 2022 Number 2021 Number Music staff Prernises rnaintenance There are no employees in receipt of employee benefits in excess of £60,000 Key Management and frustees Key rnanagÈment are deemed to comprise the Trustees. The parish paid expenses of £4,178 relating the running costs of the glebe house which is occupied by the rector and £1,505 relating to the running cots of the Curatage which is occupied by the curate. £331 was also paid to the Church Warden, £1,367 to the Building Supervisor and £1,678 to the rector for expenses owed. No other trustee received any remuneration or reimbursement of expenses during the year. 17
Omagh/St Columba's/Derry/Chur¢h Of Ireland Notes to the financial statements for the year ended 31 December 2022 {continuedl 11. Tangible fixed assets Buildings C05t At beginning of the year Additions At end of the year 885,590 97,673 983,263 Depreciation At beginning of the year At end of the year Net book value at beginning of the year Net bookvalue at end of the year 885,590 983,263 12. Investment Properties Balance at Beginning of the year Balance at end of the year 723,500 723,500 18
Omagh/St Columba's/DerrylChurch Of Ireland Notes to the financial Statements for the year ended 31 December 2022 (continued) 13. Investments Other Investments Balance at beginning of the year Fairvalue gain / Iloss} on investrnents 208,589 123.7401 Balance at end of the year 184,849 Analysis of Investments Investments in RCB Unit Trusts Investrnents in CIT Unit Trusts 37,814 147,035 184,849 14. Debtors 2022 2021 Sundry debtors Other- Gift Aid reclaim 20,462 20,462 17,444 17,444 15. Creditors Amounts Due within l Year 2022 2021 Accruals and deferred income Taxation and Social Security 855 578 1,433 1.039 1,039 19
Omagh/St Columba's/Derry/Church Of Ireland Notes to the financial statements for the year ended 31 December 2022 (continued) 16. Funds of the Parish Atljan 2022 At 31 De¢ 2022 Income Expenditure Movement Transfers Endowment funds The James Harnilton Bequest- 30 day reserve The James Hamilton Bequest- house Various legacies/ bequests invested with RCB 29,250 29,250 113,500 113,500 208,589 351,339 123,7401 {23,740) 184,849 327,599 Restricted funds Current account- for new building Fabric Fund Missions and charities Dividneds Organisations Fixed assets Debtors Bank loan Creditors 33,620 29,740 5,610 4,365 3,567 97,673 3,589 31,939 184 210,287 178,472} 161,0091 15,6101 14,3651 11,8241 144,8521 131,2691 44,852 30 35,294 4,055 11.871 520,590 2,116 (90,7931 {1,0391 478,039 1,743 97,673 1,473 28,132 184 11,080} 12,534 618,263 3,589 162,6611 18551 574,925 12,116} 13.8071 (157,203) 53,084 43,802 Unrestricted funds Designated Hall Fund Designated Car Park Fund Designated Organ Fund Designated Graveyard Fund De5ignated- Building Sustentation account General Fund Tangible fixed assets Investment Properties Debtors Creditors 359 56,810 2,030 8,713 9,078 11.682 {9,334} 16801 1321 1241 1256} 11,002 1321 236 1,285 3,217 991 3,953 67,812 1,998 8,949 1,285 10,556 15,617 365,000 610,000 16,873 {578) 1,101,465 260 1,285 75.405 54,768 7,339 62,278 365,000 610,000 15,328 172,1881 {53,7771 147,6521 16,873 115,3281 1578} {151,941) 1,545 15781 17,410 1,127,857 169,351 (43,8021 Total fund5 1,957,235 379,638 1309,144) 46,754 2,003,989 Pur oses of Endowment Funds: Income from James Hamilton Bequest is to be used for general church purpose5. Income from the various bequests/legacies invested with RCB are to be used for general church purposes. Pur ose5 of Restrirted Funds: Fabric fund= This 15 a fund for the maintenance of the church property including the rettory and the curatage. 20
Omagh/St Columba's/Derry/Church Of Ireland Notes to the financial statements for the year ended 31 December 2022 (continued) 16. Fund5 of the Parish (continued) Pur oses of Desi nated Fund5= Hall Fund: The Trustees have set aside funds for the maintenance of the church hall. Car Park Fund- The Trustess have set aside funds for the maintenance for the church car park. Organ Fund- The Trustees have set aside funds for the maintenance ofthe church organ. Graveyard Fund: The Trustees have set aside funds for the maintenance of the church graveyard. Building Fund IReserve account): The Trustees are using the 30 Day reserve account to hold funds set aside for work to be carried out on the church building as well as the James Hamilton bequest cash. 17. Analysi5 of Net Assets Among Funds General Designated Restricted Endowment Total Fixed Assets Investments Current Assets Total Liabilities Net assets at 31 Dec 2022 365,000 610,000 43,045 15781 1,017,467 618,263 983,263 908,349 176,472 {64,095} 2,003,989 298,349 29.250 83,998 20,179 163,5171 574,925 327,599 18. Collection for Third Parties 2022 2021 Poppy Appeal Confirmation Service Collection Bishops, Appeal Orange Service Collection Omagh Academy Carol Service Gibson Primary School Carol Service Omagh District Welfare RUC GC service Collection Mothers Union Service Collection loo 97 1,367 971 1,441 775 330 629 919 290 5,610 1,309 The above amounts have been included in Total income for the Year under Charitable Activities. 21