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.