BALTEAGH PARISH CHURCH Trustee's Annual Report and Receipts and Payments Account and Statement of Assets and Liabilities For the year ended 31 December 2022 Charities Number: NIC 104856 BALTEAGH PARISH CHURCH- CHARITI,ES NUMBER: NIC 104856 CONTENT5 Pa￿($) References and administrative 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 Statements 10-13 BALTEAGH PARISH CHURCH- CHARITIES NUMBER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 REFERENCES AND ADMINISTRATIVE OETAILS Charity Name.. Balteagh Parish Church Charlty Registration Number: NIC 104856 Contact Addres5'. Balteagh Parlsh 115 Drumsurn Road Limavady Co. Londonderry BT49 OPD TRUSTEES ISELECT VESTRY) Rev Rhys Jones Samuel Hunter Ivor Hunter Robert Crai8 Norman Craig Fred Mcllmoyle Dennis Reid Ken Hill Samuel Scott Stuart Scott Carol Alcorn Philip Kingston Christine Hunter Edwin Hunter Glenda Wilson PRINCIPAL OFFICE-BEARERS Rector.. Treasurer.. Secretary: Rector's Churchwarden: People'5 Churchwarden.. Rev Rhys Jones Samuel Hunter Ivor Hunter Glenda Wilson Norman Craig INDEPENDENT EXAMINER Mark Riley 8Sc IHonsl ACA BANKERS Danske Bank 46 Catherine Street Limavady Co Londonderry BT49 9DB BALTEAGH pAR￿H CHURCH- CHARITIES NUMBER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022 The trustees present the annual report and statements of Receipts and Payments and Asset5 and Liabilities for Balteagh Parish Church, Drumsurn Road, Limavady for the year ended 31 December 2022. Charity Purpose and Activities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of the Balteagh 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. Bein8 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, the Balteagh Parish Church has custody of property and of records, materia15 and artefacts of significance to the cultural and religious heritage and maintenance of whichls undertaken by the Select Vestry of the Balteagh Parish Church. Achlevements, Performance & Publlc Beneflt Balteagh Parish Church provldes weekly 5ervlce5 of Morning Prayer along wlth Holy Communlon, Bapt15ms, Weddings, Funeral Services and Pastoral Support. We hold Sunday School each week for the children alongside the morning service. During the year, Balteagh Parlsh Church held thelr annual Harvest Thanks8ivin8 Serv1￿, Orange Service and Joint services for Easter and Christmas with it5 Sister parishes which were well supported by the parishioners of the church and visitors. We have numerous groups and clubs running in our parish which cater for all ages and interests, such as.. Mother's Union. Horseshoe Fellowship. Monday Club, Bible Study, and Knit and Natter. These activlties fulfil our objectlve and charltable purpose and have provided publlc beneflt. Through our activities we aim to contrlbute not only to the splritual well-being of people but their physical, practical, social and emotional needs also. We have miti8ated any potential harm from the activities i.e. we uphold the standards of the Church of Ireland's Child protection policy- Safeguarding Trust. Flnanclal Revlew Flnanclal report5 are reviewed throughout the year and the year-end flnancial report is approved by the Trustees at the Easter Vestry. Total receipts of £60,330 for the year ended 31 December 2022 which were more than total payments of £45,187, a £15,143 surplus, thereby increasing the total cash funds held as at 31 December 2022 to £170, 197. Baltea8h Church also holds investment funds of £7.750. and investment assets in the RCB Trust of £125,000. Golng Concern The Trustees have reviewed the plans for the year ahead and are satisfied that there are adequate funds In place to ensure that the Parish can continue its activities. Furthermore, the Trustees have considered the consequences of the current economic cllmate and other events and conditions, and they have determined that they do not create a material uncertainty that casts Slgnlficant doubt upon the Parish's ability to continue as a going concern. BALTEAGH PARISH CHURCH - CHARITIES NUMBER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Structure, Gwernaficè and Management Govemlng Document and Constifvtth of the Charity Chapter111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organi5ation. The Select Vestry members are the Charity Trustees. Recruitment andAppolntment of Selert Vestry ITn￿ee$l All members of the Church of Ireland who are over the a8e of 18 and are either resident within the parish or Ilve 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, allowlng 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 member5 may be re-elected annually and there Is no limit on the number of term5 which may be served. Pay and remunemtlon The payment of salary and remuneratlon is determined by the Church Of Ireland Office. Orgonlsatlonol Structure The Select Vestry is responsible for the day to day mana8ement of the parish. The Select Vestry consists of the Rector servin8 In the parish. the churchwardens. the glebe wardens and generally not more than twelve other members of the General Vestry elected at the Easter Vestry. The Select Vestry is chaired by the Incumbent. Select Vestry members are responsible for maklng decisions on matters of general concern and importance to the parish includlng decldlng on how parish funds are to be applied. The Select Vestry meet at times fixed by the members or by the diocesan synod. Speclal meetlngs may be convened at any time by the chairperson or the church warden5. In 2022 the Select Vestry met three times durin8 the year and the avera8e attendance was 95%. Compllance wlth Publlc Beneflt The Parish has given careful consideratlon to the Charity Commission for Northern Ireland's 8uidance on public benefit to ensure that the activities entered into during the year have helped to achieve the Parish's objectives and activities. as well as providin8 public benefit. Statement of Trustees, Responslbllltles The trustees are responsible for preparing the Trustees, Report and the Statement of Receipt5 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 Assets and Liabilities for each financial year. BALTEAGH PARISH CHURCH- CHARITIES NUMBER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 The trustees are responsible for keeping accounting records that are sufficient to show and explain the Parish's transaction5 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 rea50nable step5 for the prevention and detection of fraud and other irregularities. Signed on Behalf of the Trustees by: RECT TREASURER Date. BALTEAGH PARISH CHURCH- CHARITIES NUMBER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Independent Ex47nTiners Report to the Trustses olBalteogh Portsh Church I report on the accounts of the Trust for the year ended 31 December 2022, which are set out on pages 8 to 12. Respertive respon5ibilitie5 of chority trvstees ond exomlner A5 the charitvs trustees you are responsible for the preparation of the accounts In accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to.. examlne the accounts under section 65 of the Charities Act + follow the procedures laid down in the general Dlrections given by the Commission under section 6519llbl of the Charities Act state whether particular matters have come to my attention. Basls of Independent examlnerfs report I have examined your charity accounts as required under section 65 of the Charlties Act and my examination was carried out In accordance with the general Directions given by the Charity Commisslon for Northern Ireland under sectlon 6519llbl of the Charltles Act. My examlnation included a review of the accountlng records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or dlsclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role Is to state whether any material matters have come to my attention giving me cause to believe.. • 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 accountin8 requirements of the Charitie5 Act • That there is further information needed for a proper understanding of the accounts to be reached. Independent Examlner's Stotement I have cornpleted my examlnation and have no concerns In respect of the matters l. to 4. Ilsted above and In connection with followin8 the dlrections of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Mark Rlley BSC (Hons) Date 45 Newllne Road Llmavady BT49 9NF BALTEAGH PARISH CHURCH- CHARITIES NUM,BER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 FiECEIPT5 AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Unreslricted Funds 2022 Restricted Funds Total Total 2022 2022 2021 Note Re¢e• Donations and plate collection Bishops Appeal Proceeds from fundraising events Gift Aid Special collectlonslmi55ionary Share of Parish expenses Interest 33,690 33,690 29,417 170 2,055 5,673 2,055 5.673 2,007 6.774 388 io 4,413 2,465 8.064 329 2,007 6,774 388 Other recelpts RC6 Income 1.406 1,406 8,337 10.281 6,152 8,337 Total Recel 49,987 10,344 60,330 61,301 Dlocesan Assessment V15tln8 Speakers Or8anist Diocesan Reader Sunday School Expenses Prlntln8 Expenses Church RunnSn8 Expenses Charity Oonation5 Parish Expenses Isharel Bank Charges Other Expenses 11,990 300 940 880 11.990 11.640 170 640 156 156 141 3,571 3,571 1,200 10.073 133 15.944 4,801 1,300 9,516 94 io 1,20J li 10,073 133 12 15,944 2,155 43.987 1,200 45,187 31,038 ment 6,000 9,144 15,143 30,263 Signed as approved on behalf of the Trustees bv: RE TREASURER BALTEAGH PARISH CHURCH- CHARITIES NUMBER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 STATEMENT OF ASSETS AND IIABILITIES AS AT 31 DECEMBER 2022 Unrestrirted Funds 2022 Restrirted Funds 2022 Total Total 2022 2021 Note h funds Current Account Investment Account 170.197 Y,7SO 170.197 7,750 155,055 7,750 Totsl Cash Furbds 177.947 177,947 162,805 Inves ment a Investments in RC8 Trust 125,C4)0 125,000 125,OtrJ Rectory 210,000 210,000 210,DLX] 302,947 210,000 512,947 497,805 302,947 210.OIY) 512,947 497.805 Slgned as approved on behalf of the Trustees by: RECTO TREASURER BALTEAGH PARISH CHURCH- CHARITIES NUMBER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NIO,TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENO,ED 31 DECEMBER 20Z2 l. Accounttng pollcles Set out 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 As total income is less than £2SOk the Trustees have elected in accordance with the Provisions of The Charities (Accounts and Reports Regulations (Northern Ireland) to prepare its accounts on a cash receipts basis (bl Classificatlon of Funds Fund5 are classified as elther restricted funds or unrestricted funds, defined as follows.. Restricted fund5 are funds subject to speclfi'c requlrements as to their use whlch may be declared by the donor or wlth thelr authority or created through legal processes, but st511 wlthin the wlder oblects of the Parlsh,. Endowment funds are funds whlch have been given on the condltlon that the orlglnal capital sum is not reduced, but the Income there from Is used for the purpose deflned In occordance with the object5 of the Pari5h,' and Unrestrlcted funds are expendable at the dlscretlon of the trustees in furtherance of the objects of the charity. If parts of the unrestrlcted funds are eafmarked at the dlscretlon of the trustees for a particular purpose, they are desSgnated as a separate fund. This designation has an admlni5trative purpose only and does not legally restrlct the trustees, dlscretlon to apply the fund. (cl Statement of Assets and Liabllltles Assets retolnedfvr the Parlsh's own use The assets of the Parish. retalned for Its own use comprlse:. Church Bulldlng and Graveyard Rectory The Church Building and Graveyard is deemed to be Heritage assets as deflned by the Charltles SORP IFRS1021. These Heritage assets are not included In the statement of assets and liabilities a5 information on the c05t or valuation is not available and such information cannot be obtained at cost commensurate with the benefit to the users of the accounts and to the parish. The Rectory is recognised at Cost, being the estimated fair value of the property at 31 December 2022. No depreciation ha5 been provided on the Rectory as the current estimated residual value is not less than It5 carrying value and remaining useful life currently exceeds SO years. Ultimate control of the Rectory is held in the following proportions between the Trustees of the three sister Parishes: Balteagh Parish Church130%1,' Carrick Parish Church130%1' and Aghanloo & Tamlaghtard Parish Church140%1 BALTEAGH PARISH CHURCH- CHARITIES NUMBER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 2. Reconciliation of Cash Funds Current Account Investment Account Current Account Investment Account 2022 2022 2021 2021 Opening balance at l January 2022 155,055 7,750 124,792 7,750 Income 60,330 145,1871 61,301 131,0381 Expenditure C1051n8 balance at 31 December 2022 170,197 7,7SO 155,055 7.750 3. Donatlons and plate ¢ollertlon Total Funds 20Z2 2021 Freewill Offerlng and Collectlon 33,690 29,417 Total 33,690 29,417 4. Proceeds from fundralslng events Total Funds 2022 2021 SpSrlt of 8altea8h - 8ook Donatlons for new Wlndow Men's Shed Chrlstmas Bauble- 8alteagh io 1.880 175 2,055 io 5. Speclal Collectlons/Mlsslonary Tot•1 Funds 2022 2021 Donation from Orummond Cricket- Ukralne Donatlons In Ileu 1,002 1,005 2,055 Advent Servi Rememberance sunday 262 2.007 2,465 6. Share of Parish expenses (Received) Total Funds 2022 2021 Parish Share Irecelvedl 2021 Parish Share Ireceivedl 2022 8,064 6.774 6.774 8,064 Monies received from Carrick, Aghanloo and Tamlaghtard in respect of shared expenses covered by Balteagh. Shared expenses are analysed further at Note 11. BALTEAGH PARISH CHURCH- CHARITIES NUMBER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 7. Other Recelpts Total Funds 2022 2021 Vacanry Refund Roe Property Dlvidend Sale of 8rave plot Donatlons 7,426 4C4J 400 350 200 260 loo Grant Receipt 396 2,155 10.281 8. Sunday School Expenses Total Funds 2022 2021 Falth Misslon- Bookstore 47 Sunday School Prices 109 156 9. Church Runnlng Expenses Total Funds 2022 2021 Power Nl 1,439 901 Insurance 830 133 Nl Water 90 Repairs and Maintenance 1,141 3,349 3.571 4,801 10. Charlty Donatlon5 Total Funds 2022 2021 BSshops Appeal (Restrlctedl Poppy Appeal (Restricted) 1,000 200 LOOO 3C(I 1,200 BALTEAGH PARISH CHURCH- CHARITIES NUMBER: NIC IIM856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 11. Partsh Expenses Balteagh Parish Church had expense5 of £9.843 in the year ended December 2022 and £8,772 in the year ended December 2021 in relation to the below eKpen5es. A percentage of these costs were reimbursed from Carrick and Aghanloo and Tamlaghtard Parish Church during the same period. Details of the shared expenses are as follows.. Shared Expenses 2022 2021 Office Expenses Elertricity Insurance 437 I,ios 589 9)2 2,378 877 1,287 1,726 2,616 416 Rates Rectory Repalrs and Malntenance 8T 2,075 564 1,280 538 Printlng Shared Parish Costs 608 673 9,843 8,772 12. Other Expenses Total Funds 2022 2021 Digltal & Covid-19 Equlpment- Grant Expense Glfts wlthln Parlsh Staln Glass Wlndow- Replacement Donations In Lieu 2.155 595 13,974 loo 732 External Speakers Par15h Fun Day Expense5 Be Safe Be Well Carol Servlce- Hamllton Flute Band Refund of Grave Plots 150 233 loo 60 2,155 13. Transactlons wlth the Trustees No trustee received any remuneration or reimbursement of expenses during the year No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year.