Omagh/st Columba's/Derry/church Of Ireland Trustees, Annual report and Financial Statements For the year ended 31 December 2023 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 2023 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 References and admlnlstratlve detalls 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 Mrs Ruth Elkin - Appointed April 2023 Mr Norman England Mr Reece England Rev Graham Hare Mr Michael Hart Mrs Sandra Isherwood Mr Marcuslsherwood Mr Joe Johnston - Resigned April 2023 Mr Wes Lindsay Mr Glen McBride Mr Alan Mitchell Mr David M itchell Mr Nigel Strain Mr Robert Wilkinson Mr Godfrey Young Principal Office-beaiers (at date of signing) Clergy.. Secretary.. Church Treasurer.. Church Warden- Rectors: Church Warden - People: Rev Grah3m Hare Mrs Sandra Isherwood Mr Nigel Strain Mrs Glynis Mehaffey Mrs Lynne BranniE3n
Omagh/St Columba'slDerry]Church Of Ireland References and administrative detalls {contlnuedl Independent Examiner Hamill Mcllwaine Chartered Accountant5 28-30 Old Mountfield Road Omagh BT79 7BJ Bankers Ulster Bank 4 High Street Omagh BT78 IBJ
Omaghlst Columba's/Derry/Church Of Ireland Trustees, Annual Report for the year ended 31 December 2023 The trustees present the annual report and financial statements for the St Columba's Church for the year ended 31 December 2023. 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 promoting, 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 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, St Columba's Parish Church has custody of property 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 lernentin 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, assisted by Reverend Alexander Chisnall, 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 service5 each Sunday, in the church. A growing range of services, outreach initiatives, community engagement events and faith enhancement opportunities is always evolvinE. 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 to hospitals, nursing homes and residential care centers. The Clergy also visit parishioners in their homes as well as offering preparation for weddings and bapt15ms, arranging funerals and offering support to the bereaved in their time of loss. The pastoral work of the Parish 15 underpinned by prayer. We regularly engage, along with other parishes, through the Omagh Churches Forum and with the Methodist Church. Social and educational interaction is important and St. Columba's provides, on a weekly basis, activities to promote social and educational opportunities for all ages. These in clude a toddlers group, Sunday School, Confirmation Class, Living Ladies Group, Lent and Advent lunches, Youth Fellowship, Evergreen, Mothers, Union, Choir and Bowls. Additional occasional activities of this nature have included provision of funeral teas, ministry courses to facilitate those exploring the Christian faith. Prayer Group, discipleship courses emergency responses to major world disasters. 2023 saw continued 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 internal renovation of our Parish Centre and the creation of a new Garden of Reflection in the ground of the church building. 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 confldent faith to what God has in store in the year ahead.
Omagh/St Columba's/DerYylChurch Of Ireland Trustees, Annual Report for the year ended 31 December 20231contlnued} Expenditure is incurred in the provision of the above activitie5 and in the maintenance of the church facilities and services. The Select Vestry, which is made up of our Trustees, seeks to steward our financial resources wisely and support the work of our mission. In all our activities 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. St. Columba's remains committed to our mission through outreach by contributions to support the work of variou5 mission organisations, local and international. A review of our support for such oruanisations shows a wide range of recipients including for example Youth for Christ, South American Mi55ion Society, Care for Cancer, Scripture Union and Bishop's Appeal. The Parish continues our 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 commltted to the mission of providing pastoral care to its members and seeking to draw them closer to God in their daily live5. Prudent financial management of income and expenditure by the Select Vestry is a vitally important objective in the day- to day management of the Parish. The main source of income comes from regular freewill offering from parishioners and associated gift aid. Expenditure is incurred in the provision of the above activities and in the maintenance of the church facilities and services. A key area of expenditure is staff costs including the payrnent of clergy and wages to lay employees including a sexton. Payment5 to the central church bodies. insurances, property repairs and maintenance to church properties and allocation5 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. Finally, the Parish continues to give careful consideration to following the Charity Commission for Northern Ireland's Euidan ce 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/DerrylChurch Of Ireland Trustees, Annual Report for the year ended 31 December 2023 {continuedl Financial Revlew A5 Costs continue to rise, the Select Vestry remains prudent in its rnanagement of Parish finances. We acknowledge that everything we have is a gift from God, and therefore seek to make decisions which reflect the mission and ministry priorities of his church. Going Concern The trustees have reviewed the budgets for the year ahead and are satlsfied 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 2023 can be signed off as a going concern. Structure, Governance and Management Governing Document ond Constitution of the Churity Chapter 111 of the Constitution of the Church of Ireland governs Parishes and Parochi31 Organisations. The Select Vestry members are the Charity Trustees. Recrultment and Appointment of Select Vestry (Trusteesj All Members of the Church of Ireland who are over the aEe 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, subject to meeting the required conditions. Meetings of the General Vestry are held usually once per year. The Select Vestry is elected at this General Vestry meeting. The Select Vestry will hold their positions for a period of one year. Select Vestry members m3y be re-elected annually and there is no limit on the number of terms which may be served.
Omaghlst Columba's/Derry/Church Of Ireland Trustees, Annual Report for the year ended 31 December 2023 Icontlnuedl Pay und remuneratlon 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 Sexton receives a salary commensurate with role and experience. Organlsutlonal Structure 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 may be convened at any time by the chairperson or the churchwardens Compliance with Public Benefit The Parish has given careful consideration to the Charity Cornmis5ion for Northern Ireland's guidance on public benefit to ensure that the activitie5 entered into during the year have helped to achieve the Parish's objectives and activities, as wel l as providing public benefit.
Omaghlst Columba'slDerry/Church Of Ireland Trustees, Annual Report for the year ended 31 December 2023 {continued} Statement of Trustees, Responsibllltles 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 reqvire5 the trustees to prepare financial statement5 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 laccounting standards issued by the Financial Reporting Council in the UK , including Charities SORP IFRS 1021 ' Accounting and Reporting by Charitie5'. Statement of Recommended Practice applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 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- make judgments and estimates that are reasonable and prudent state whether the financial statements 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 disc105e 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 irregularitie5. Signed on Behalf of the Trustees Rev Graham Hare Mrs Sandra Isherwood- Secretary
Independent Examiners Report to the Trustees of Omagh/St Columba'slDerrylChurch Of Ireland We report on the account5 of Omaghlst Columba's/Derry/Church of Ireland for the year ended 31 December 2023, which are set out on pages 10-21. Respective responsibilities of charity trustees and examlner 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 procedure5 laid down in the general Direction given by the Commission under section 65(9llbl of the Charities Act. State whether particular matters have come to our attention. Basis of independent examlner's 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 accountlllg records kept by the charity and a comparison ol 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 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 Act That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement We have completed our examinatior) and have no concerns in respect of the matters111 to141 listed above and in connection with followinE the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention. CHARTERED ACCOUNTANTS Hamill Mcllwaine Chartered Accountants 28-30 Old Mountfield Road Omagh, Co. Tyrone BT79 7BJ Date
Omagh/St Columba'slDerrylChurch Of Ireland statement of Financlal Activitles for the year ended 31 December 2023 Unrestricted Funds 2023 Restricted Funds 2023 Endowment Funds 2023 Total 2023 Total Z022 Note Income 175,064 25,668 26,065 5,599 Donations & legacies Other trading activities Investments Charitable activitie5 145,670 19,884 24,925 70,836 1,542 216,506 Zl,426 24,925 3,639 3,639 232,396 Total Income 190,479 76,017 266,496 Ex enditure on: Generating funds Charitable activities other Total Ex 766 155,689 5,447 161,902 185,231 10,929 3,642 14,571 196,160 3,642 199,802 enditure 185,231 Net Incomel (Expenditure) before transfers 70,494 5,248 61,446 66,694 Transfers between funds 126,9671 26,967 Net Incomel (Expenditure) before other recognlsed gains and105ses 121,7191 88,413 66,694 70,494 Gain/lLos5} on investments 35set5 7.949 7,949 123,740} 46,754 Net movement in funds {21,7191 88,413 7,949 74,643 Reconciliation of funds: Total funds brought forward 1,101,465 574,925 327,599 2,003,989 1,957,235 Total funds carried forward 1,079,746 663,338 335,548 2,078,632 2,003,989 10
Omagh/St Columba'slDerry/Church Of Ireland Balance Sheet as at 31 December 2023 2023 2022 Flxed Assets Tangible Fixed Assets Investment Properties Investments Total fixed assets li 12 13 994,714 723,500 192,798 1,911,012 983,263 723,500 184,849 1,891,612 Current Assets Debtors Cash and cash equivalents Total current assets 14 33,450 140,149 173,599 20,462 156,008 176,470 Creditor5- amounts falllng due withln one year Total credltors 15 {4,525) {4,525) (1,433) 11,4331 Net Current Assets 169,074 175,037 Creditors- amounts falling due after one year Loans {1,454) 162,660) Total net Assets 2,078,632 2,003,989 The funds of the parish Unrestrl¢ted funds General funds Designated funds Total unrestricted funds Restricted Funds Endowment Funds 16 998,056 81,690 1,079,746 663,338 335,548 1,017,467 83,998 1,101,465 574,925 327,599 16 16 Total charity funds 2,078,632 2,003,989 "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 ofTrustees on t tl ti412¢Q' its behalf by: and Signed on Rev raham Hare Mrs Sanrda Isherwood
Omaghlst Columba'slDerrylChurch Of Ireland Notes to the financ131 statements for the year ended 31 December 2023 Accounting policles Set out below are the principal accounting policies which have been adopted in the compilation of the Financial Statements. a) Basis of preparatlon The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting bv Charities.. Statement of Recommended Practice applicable to charities preparingtheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 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. bl Preparation of accounts on a going 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 provid e a reasonable expectation that it can continue to meet its financial obligations as they fall due for the foreseeable future. Therefore these financial statements have been prepared on a going concern basis. cl 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 condition5 attached to the income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from government and other grants, whether 'capital' grants or 'revenu¢' grants, is recognised when the charity ha5 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 quantif led with reasonable certainty. Donations and gifts in kind are brought into the accounts at their fair value to the Parish. dl Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliablv. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. 12
Omaghlst Columba's/DerrylChurch Of Ireland Notes to the financial statements for the year ended 31 December 2023 {continued) l. Accounting policies (continued) el Tangible assets The assets of the Parish, retained for its own use comprise... Church Building lincluding fixtures and fittings) and Graveyard Church Hall Rectory 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. A5 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 remaining useful life currently exceeds So years. The curatage The curataEe is recogni5ed 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 years. 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 activities and included in 'Other operating Ilossesl/gains'. 13
Omaghlst Columba'slDerry/Church Of Ireland Notes to the financial statements for the year ended 31 December 2023 (continued) Accountlng policles Icontlnuedl ii) Investments Fixed asset investrnents comprising investment properties, investments in equities (ordinary share51 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 annu311y for impairment. 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 unreallsed gains and losses in investments are reported within 'Net Gains / (Losses) on Investments" within the Statement of Financial Activities. gl Cash and cash equivalents Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are Shown within Creditors Amount5 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 f inancial 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 subject to specific requirements as to their use which may be declared by the donor or with their authority or created through leEal processes, but still within the wider objects of the Parish. Endowment funds are funds which have been given on the condition that the original c3Pltal 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 the 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 administrative purpose only and does not legally restrict the trustees, discretion to apply th e fund. Critical accounting judgement5 and estimation uncertaintv Estimates and judgments made in the process. of preparing the financial statement5 are continually. evaluated and are based on historical experience and other factors, 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 next financial year. 14
Omaghlst Columba's/DerrylChurch Of Ireland Notes to the financlal statement5 for the year ended 31 December 2023 (continued) 3. Donations and legacles Unrestricted Funds 2023 Restricted Funds 2023 Endowment Funds 2023 Total 2023 2022 Plate Collection5 Weekly envelopes / FWO Tax recovered on Donation5 Legacies Endowment income Grants other donations 3,659 100,817 19,539 3,659 124,887 24,14S 4,382 88,941 19,720 5,440 5,772 37,035 13,774 175,064 24,070 4,606 2,671 4,180 14,804 145.670 2,683 21,863 17,614 70,836 5,354 26,043 32,418 216,506 4. Other trading actlvltles Hall rental Car Park rental FundraisinE Other 6,977 10,682 2,225 6,977 10,682 3,767 7,578 11,682 6,408 1,542 19,884 1,542 21,426 25,668 5. Investments Deposit interest Rental Income- Investment Properties 143 24,782 143 24,782 25 26,040 24,925 24,925 26,065 Charitable activities Organisations Income Other Income Vacancy refund 3,639 3,639 3,567 2,032 3,639 3,639 5,599 15
Omagh/St Columba'slDerry/Church Of Ireland Notes to the financial statements for the year ended 31 December 2023 (continued) Analysi5 of Expenditure Unrestricted Funds 2023 Restricted Funds 2023 Endowment Funds 2023 Total 2023 2022 Generating Funds Fundraising costs Other 766 766 Charitable Actlvities Wages and Salaries Diocesan CostslAssessment Church Running Costs Rectoryl Curacy Costs Hall expenses Property expenses Investment costs Administration Costs Charitable Donations 15,275 99,872 34,885 5,668 7,384 11,462 15,275 99,872 37,557 5,668 7,384 14,409 13,411 78,360 23,541 11,965 9,334 5,248 2,672 2,947 5,570 5,115 75 5,235 5,645 10,350 3,811 10,019 185,231 10,929 196,160 155,689 other Costs Loan interest Organisations expenses 1,347 2,295 3,642 1,347 2,295 3,642 3,623 1,824 5,447 Total Expenditure 185,231 14,571 199,802 161,902 Governance costs of £1,879 were incurred during the ye3r of which £1,879 relates to fees paid to the independent examiner. Governance costs are included within Administration costs above. 16
Omaghlst Columba's/DerrylChurch Of Ireland Notes to the flnancial statements for the year ended 31 December 20231continuedl Gain /ILossl on Investment Assets 2023 2022 Unrealised fair value gain5111055esl on investrnent5 7,949 7,949 123,7401 123,7401 Taxation The Omagh/St Colvmba's/DerrylChurch Of Ireland is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. 10. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel Employees 2023 2022 Salaries and wages National insurance costs 15,275 13,268 143 Total 15,275 13,411 The average number of employees during the year, calculated on the basis of a head count, was as follows.. 2023 Number 2022 Number Music staff Premises maintenance There are no employees in receipt of employee benefits in excess of £60,000 Key Management ond Trustees Key management are deemed to comprise the Trustees. The parish paid expenses of E3,780 relating the running costs of the glebe house which is occupied by the rector and £1,889 relating to the running costs of the Curatage which is occupied by the curate. £494 was also paid to the Glebe Warden, £884 the Curate and £4,491 to the rector for expenses owed. No other trustee received any remuneration or reimbursement of expenses during the year. 17
Omaghlst Columba's/DerYy/Church Of Ireland Notes to the financial statements for the year ended 31 December 2023 Icontinuedl 11. Tangible f ixed assets Buildings Cost At beginning of the year Additions At end of the year 983,263 11,451 994,714 Depreciation At beginning of the year At end of the year Net bnok value at beginning of the year Net book value at end of the year 983,263 994,714 12. Investment Properties Balance at Beginning of the year Balance at end of the year 723,500 723,500 18
Omagh/St Columba's/Derry/Church Of Ireland Notes to the financial statements for the year ended 31 December 2023 Icontinuedl 13. Investments other Investments Balance at beginning of the year Fair Value gain / Ilossl on investments Balance at end of the year 184,849 7,949 192,798 Analysis of Investments Investments in RCB Unit Trusts Investments in CIT Unit Trusts 38,949 153,849 192,798 14. Debtors 2023 2022 Sundry debtors Other- Gift Aid reclairn 9,305 24,145 33,450 20,462 20,462 15. Creditors Amounts Due within l Year 2023 2022 Accruals and deferred income Taxation and Social Security 3,853 672 855 578 4,525 1,433 19
Omagh/st Columba's/Derry/Church Of Ireland Notes to the financial statements for the year ended 31 December 2023 Icontinuedl 16. Funds of the Parish Atljan 2023 At 31 Dec 2023 Income Expenditure Movement Transfers Endowment funds The James Hamilton Bequest - 30 day reserve The James Hamilton Bequest- house Various legacies/ bequests invested with RCB 29,250 29,250 113,500 113,500 184,849 327,599 7,949 7,949 192,798 335,548 Restricted funds Current account- for garden Current account- to pay loan Fabric Fund Missions and charities Dividends Organisation5 Fixed assets Bank loan 2,756 33,530 28,184 5,224 2,684 3,639 12,1541 602 7,644 133,530) (12,9631 18671 15,2241 {2,6841 12,2951 21,998 12,534 618,263 163,5161 574,925 11,400) 11,451 63,409 26,967 12,478 629,714 (1,454) 663,338 11,3471 114,571) 76,017 Unrestricted fund5 Designated Hall Fund Designated Car Park Fund Designated Organ Fund Designated Graveyard Fund Designated - Building Sustentation account General Fund Tangible fixed assets Investment Properties 3,953 67,812 1,998 8,949 1,285 10,556 31,912 365,000 610,000 1.101,465 10,785 10,682 18,3981 110,064) 1321 138) 2,443 13,2001 11,9391 12,9811 13.0881 3,557 121,7591 8,783 65,230 27 7,650 1,720 1,803 99,095 66,394 1100,2491 166,4501 12,959 10,097 365,000 610,000 1,079,746 190,479 (185,2311 126,9671 Total funds 2,003,989 266,496 (199,8021 2,078,632 Pur oses of Endowment Funds: Income from James Hamilton Bequest is to be used for general church purposes. Income from the various bequestsllegacies invested with RCB are to be used for general church purposes. Pur oses of Restricted Funds: Fabric fund.. This is a fund for the maintenance of the church property including the rectory and the curataEe. Omaghlst Columba's/Derry/Church Of Ireland Notes to the flnancial statements for the year ended 31 December 2023 Icontlnued) 20
- Funds of the Parish {continuedl Pur oses of Desi nated Funds: 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 of the 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 Hamllton bequest cash.
- Analysis of Net Assets Among Funds General Designated Restricted Endowment Total Fixed Assets Investments Current Assets Total Liabilities Net assets at 31 Dec 2023 975,000 629,714 113.500 192,798 29,250 1,718,214 192,798 173,599 15,9791 2,078,632 27,581 14,5251 998,056 81,690 35,078 11,454) 663,338 81,690 335,548
- Collection for Third Parties 2023 2022 Confirmation Service Collection Bishops, Appeal Orange Service Collection Omagh Academy Carol Service Gibson Primary School Carol Service Omagh District Welfare RUC GC service Collection Ellie Armstrong- Coffee morning 97 1,367 971 2,307 1,441 775 330 917 2,000 5,224 629 5,610 The above amounts have been included in Total income for the Year under Charitable Activities. 21