BALTEAGH PARISH CHURCH Trustee's Annual Report and Receipts and Payments Account and Statement of Assets and Liabilities For the year ended 31 December 2023 Charities Number: NIC 104856
BALTEAGH PARISH CHURCH-CHARITIES NUMBER: NIC 104856 CONTENTS Page(s) Referenees and admlnlstratlve detslls of the Charfty Trustees, Report Independent Examlners Report to the Trustees ReiptS and Payments A(wunt Staternent of Assets and Uablllties Notes to the Flnanclal Statements 10-13
BALTEAGH PARISH CHURCH- CHARITIES NUMBEIL. NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 DECEMBER 2023 REFERENCES AND ADMINISTRATIVE DETAILS Charity Name: Balt&l8h Parlsh Churth Charlty Re8lstratlon Number. NIC 104856 Contact Address: BaltWJ8h Parlsh 115 Drumsurn Road Umavady Co. Londonderry BT49 OPD TRUSTEES {SELECT VESTRY) Rev Rhys Jones Samud Hunter Ivor Hunter Robert Cra18 Norman Cralg Fred Mdlmoyle Dennls Reld Ken Hlll Samuel Scott Stuart Scott Carol Alcorn PhSllp Klngston Chrlstlne Hunter Edwln Hunter Glenda Wllson PRINCIPAL OFFICE-BEARERS Rect¢)r: Treasurer: Secretary: Rectorfs Chwchwarden: People's Churchwarden: Rev Rhysjones Samuel Hunter Ivor Hunter GleYa Wllson Norman Cralg INDEPENDENT EXAMINER Mark Rlley 8S¢ (Honsl ACA BANKERS Danske Bank 46 catrIne Street Umavady Co Londonderry BT49 9DB Page 13
BALTEAGH PARISH CHURCH- CHARITIES NUMBER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 The trustees present the annual report and statements of Recelpts and Payments and Assets and ualreS for Balteagh Parlsh Churth, Drumsum Road, Umavady for the year ended 31 Dember 2023. The charltatrle purpose of th• Church of Ir4land1s the advancement of rellgfon. The prlndpal functlon of t Balteagh Parlsh Church Is to support the acfvantynent of the Chrlstian religlon by promotin& through the work of the parlsh, the whole MISOn of the Church, pastoral, anIel15t14 sadal and ecumenlcal. Beln8 open to and en8a8ln8 wlth sodety as a whole and offerlrg support for those needln8 help are fundamentsl to the practlcal dellvery of th beneflts of ChrlstSanlty. AS a result of actlvlty In the pursult of the a¢*Rnoment of the Chrlstlan rdlglon, the Balteagh Parlsh Church has ¢ustody of property and of records, materials and artefacts of $18nificance to the cultural and rell8lous herltsge and malntertance of whlch Is undertaken by the Select Vestry of the Baltea8h Parlsh ChurdL Achl•wm•nts, P•rfornwc• & Publlc B•n•fft Baltea8h Parlsh Church provldes weekly ser¥lces of Mornlr8 Prayer along wlth Holy Communlon, BaptSsms, Weddln8s, Funeral ser¥1 and Pastoral Support. We hold Sunday School eath week for the chlldren alongslde the mornln8 servlce. Dwlng the year, Baltea8h Parlsh Church held thelr annual Harvest ThanksgS¥ln8 SeNlee, Or?nge Servlce ar Jolnt servlos for Easter and Chrlstmas wlth Its $ter parishes whlch were well 5UPPOrted by the parlshioners of the church arKJ vlsltors. We h¢ nwnerous groups and dubs runnlng In our parlsh whlch c4tor for all ages and Interests suth as: Motherfs Unlon, Horseshoe Fellowshlp, Monday Club, Blble Study, and Knlt and Natter. These actlvltles fulfll our obJe¢tlve arKI charltable purwse and have provlded publlc benefft. Through our actlvltles we alm to ¢ontrlbutè fK>t only to the splritual well-belr% of people but thelr physlol, pradlcal, s¢)dal and emotlonal needs also. We have mltl8ated ary potentlal harm from the artlvltles l.e. we uphold the stsndar& of the Church of Irelaniys Chlld protectlon pollq- Safeguardlng Trust. Flnand•l R•¥l•w Flnandal reports are revlewed throughout the year and the year-end ftnandal report Is approved by the Trustees at the Easter Vestry. Totsl reIptS of £54790 for the year ended 31 December 2023 wNch were less than totsl payments of £107,467, a £48,677 deffclL thereby reduclr% the total cash fwds held as at 31 December 2023 to £121,520. Balteagh Churth also holds Investment funds of £7,750. arKI inTrfestment assets In the RCB Trust of £20),(. The Trustees have rwlewed the plans for the year ahead and are satlsfted that there are adequate funds In place to ensure that Parlsh can continue Its activitles. Furthermore, the Trustee5 have cortslthred the consequences of the cvrrent economlc dlmate and other events and corKlltlon4 arKI they have determlned that thry do not create a material uncertalnty that casts significant doubt upon the Parfsh's aNlity to contlnue s a golr% concern. Page 14
BALTEAGH PARISH CHURCH- CHARITIES NUMBER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Stnthr•. Gov•rnonc• •nd M•n•gn•nt Govemlng D0ment 4mdConstltutlon of the Chqrlty Chapter111 of the Constltutlon of the Church of Ireland g¢)verns Parlshes and Parochlal Organlsatlon. The Select Vestry members are the Charlty Trustees. R¢¢rnltm¢rt qndAppolntm•nt ofS¢l•rt V•stylTntstv•s) All members of the Church of Ireland who are over the a8e ot 18 and are elther resldent wlthln the parlsh or Ilve elsewhere but have been accustomed members of the con8re8atlon for at least three month% may reglster as members of the general vestry of the parlsh, allow1 them to attend and vote at m•etln8s of the 8eneral vestry and to stand for electton to t Select Vestry. Meetln8s of tk 8eneral vestry are held at Itast once a year. The Select Vestry Is elected as part of thls General Vestry meetlng. The Selert Vesty VAII Iv)Id thelr SItIonS for a pÈrlod of one year. Select Vestry rnembers may be rtrelected annually and there is no Ilmlt on the nlber of terms whlch may be served. Pay ond r•mun•Mtlon The pryrnent of salary and remuneratlon Is determlned by the Church Of Ireland Offi. The Selert Vestry Is responslble for the day to day management of the parlsh. The Select Vestry ¢onslsts ot the ReLtor servln8 In the parlsh, the churchwarden4 the glebe wardens and generally not more than twelve oth•r members of the General Vestry elected at the Easter Vestry. The Sdect Vestry Is chalred by the Incumbent. Select Vestry members are responslble for maklng dedslons on matters of 8eneril concern and lrnportance to the rIsh Indudiryl deddln8 on how parlsh funds are to be aP[ed. The Select Vestry meet at tlmes flxed by the members or by the dlocesan synod. Spedal meetln8s may be convened at any tlme ty the chalrperson or the thurch Warde In 2023 the Sde¢t V•sty met thr•• tlmes durln8 the year and the average attendance was 95%. Compllanc• wlth PU1¢ B¢nefft The Parlsh has 8lven careful conslderatlon to the Charlty Commlsslon for Northem Irelands guldance on publ1¢ beneflt to ensure that the actlvlties entéred into durin8 the year have helped to a¢hleve the Parlsh's objectlves and acbvlties, as well as provldfry putdlc beneflL statemffnt OA Trustets, R•sponAlbllltl•s The trustees are resFonslble for preparln8 the Trusteeg Rewrt and the Ststement of Recelpts and Payments and Statement of Assets and Uabllltles In accordance with appllcable law and regulatlons. The law appllcable to charltles In Northern Ireland wlth Income of less than £250,C((J requlres the trustees to prepare a Ststement of Recelpts and Payments and a 5t•nent of Assets arKI Uabilltle5 for 67th flnandal year. Page 15
BALTEAGH PARISH CHURCH- CHARMES NUMBER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees are responslble for keep1 accounting records that are sufflcient to show and explaln the Parlsh's transartlons and dsdose wlth reaS(al4e accuraw at ary tlme the assets and Ilabtllties of Parlsh. They arè Iso responsible for safeguardlr8 the assets of the Parlsh and hence for takln8 reasonable steps for the prevention and detectlon of fraud and other irr•8ularftle Si8n•d on B•hthof th• Tntst••s by. REcr TRWURER Dat•.. Page 16
BALTEAGH PARISH CHURCH- CHARITIES NUMBER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Independpnt Exomlners Report to the frukees oABalteagh Parfsh awrch I rewrt on the accounts of the Trust for the year ended 31 December 2023, whith are set out on leS 8 to 12. R•sp•rtlw responslbllltl•s oAthllrftytntst••s ond•xomln•r As the chartys trustees you are responslble for the preparation of the accounts In acwrdance wSth the Charltles Art (Northern Ireland) 21Y)8. It Is my resporsibility to: examlne the accounts under sectlon 65 of the CharltSes Art • follow the procedures lald down In the 8eneral D5reLtlons 8lven by the CommlssSon under sectlon 65(9}{b) of the Charltles Art • state whether partlcular matters have come to my attentlon. Bosls olln4tsp•nd•nt examlnerfsr•port I have examlned your charlty accounts as requlred under sertlon 65 of the Charitle$ Art and My examlnatlon was carrled out In accordance wlth the general Dlrectlons 8lven by the Charlty Commlss5on for Northern IrelarKI undw sectlon 6519)(b) of Charttles Act. My examlnatlon Induded a revlew of the account1 records kept by the charlty and a compar5son of the accounts present•d wlth those recor(ts. It also induded consideratlon of arty unusual Items or dlsclosures In the a¢counts, and seekin8 explanatlor6 from you as tharlty trustees concernln8 any suth matters. My role Is to stste whether any materlal rnatters have come to my attentlon 8lvln8 me cae to belleve: • That accountln8 records were not kept In accordance wlth sectlon 63 of the Charitles Act That the accounts do not accord with those accountlng records • That the accounts do not comply wlth the accountln8 requlrements of the Charltles Act That there Is further Informatlon needed for a proper understandln8 of the accounts to be reached. Indwndent ExamIne$ Stat•m•nt I have completed my examlnatlon and have no concerns In respert of the matters l. to 4. Ilsted above and In conne¢tlon wlth foll¢)wln8 the dlrectlons of the Charlty CommlssFon for Northern lrnland, I hwe found r matters that requlre drawln8 to your attentlon. Mwk Rll•y B5¢ (Hons) ACA Dat• 45 N•*lln• Road Um•v•dy BT49 9NF
BALTEAGH PARISH CHURCH- CHARITIES NUMBER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Funds Totsl Total 2025 22 Donatlorys and plate collectlon Prrxeedsfromfundraislng ents Gtft Ald Spla1 collectlonslmlsslonary Shareof P4rLsh PenSeS Intef•St Other reIpts RCB Income 34,438 2,520 7,367 34M38 52lJ 7J67 33.690 I55 5,673 2,QJ7 6,774 311 311 IN35 7,719 IA35 7,713 8,337 Tot•1 51,078 7,713 58,7 60,330 Dlo¢e5an Assessment Vlstlngspeakers Or8antst Dlocesan Read•r Sunday Sthool Expel Church Runnlng Expense5 Chartty Don•lons Parish Expenses {Share) Bank Charq 11,99) 130 11,990 11,990 3CM) 1,140 1020 133 1,140 940 133 156 3,571 I,2) IOP73 133 15,944 7,578 io li 702 118 76.750 12 76,rAI 106,6 107.467 45,187 15J43 SID•d as •Pprov on Imholf of th• TNst•as by. REcro TREASURER Page 18
BALTEAGH PARISH CHURCH- CHARITIES NUMBER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2025 Total T¢)tsl Xb2Y P4ote Current kcount In¥e5tment Accnunt 1,520 7,750 170,197 7.750 7,750 129.270 129,270 177,947 Investments In RCB Tnst 2O),IXQ 125.COJ ft•ctory 210,C 210,(KXI 329,270 no,{ 511947 329,270 210,CQO 599 70 512,947 $I•d M •ppY•wd on b•h•lf afth• by; RECT ThEASURER D•t• ..
BALTEAGH PARISH CHURCH- CHARITIES NUMBER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2023 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 I. A¢Mwbtlni polldes Set below are the prlndpal accountln8 wllcles vthlch have been adopted In the complSatlon of the Recelpts and Payments A¢¢ount and the Ststement of Assets and Llabllltles: As totsl Income Is less than £250k the Trustees have elected In accordance with the ProvIslo of The Ch•rftles IAc£ounts and Reports Regulatlons (Northern IreSandl to prepare Its accounts on a cash recelpts basls Ibl a•Mfflcathyn of Fu Funds are dassllled as elther restrlrted funds or unrestrlcted fun4 defined as follows: • Re5trlrted funds are fijnds sublert to speclftc requlrements x to thek whkh may be declared the donor or wlth thelr authorfty or (reated thrOh legal processes, but stlll vrithln the wldr oWeLts of the Parlsh.. • Endtswmentfurth vAef unds whlth hwe been Brven on the condliion that the otslnal capltal sun15 not feduced, Imt the Income there from ts ed for the purrJse defkned In accordance wlth the 0ett5 of the Part5. and + Unrestrlcted funds are expendable at the dtscrrtlon of the trustee5 in fUrtherce of the objects of the charlty. Ir parts of the unTestrlrted funds are earmarked at the d5s¢retlon of the tru8tee5 for a partltuiar purpose, they are de5tgnated a5 a separate fund. Thb de518natlon ha5 an •JMIn15trP wp(tse only and does not legally restrlctthe tntstees, discreifon to apply the fund. Ic) Stat•m of AM•ts and Uabllltl•J Au•ts r•ta{nfvf the P4Ylsh's own us• The asss of the Parrs retalned for Its own use mprIse:. Chwch Bulklir4 and Graveyard Rertory The Church 8ulldln8 •rnl Gr•vry•rd Is d¢em•d t• b• Herlts8• •SS•ts as d•flned crItIeS SORP IFRSItT21. These Herlta8e assets are Mt Indudad In the statement of assets and Ilabllltles as InformatFon on the cost or valuatlon Is not avallable and suth Informatlon cannot b• obtalned at st commensurate wlth the beneflt to the users of the accounts and to the parlsh. The Rectory Is reco8nlsed at cost, beln8 the estlmated falr value of the property at 31 December 2023. No depredatlon has been provlded on the Rectory as the current estlmated resldual value Is not less than Its carrylng value and r•malrdr8 useful Ilf• ojrrently ex¢eeds 50 years. Ultlmate control of the Rectory Is ld In the followln8 proportlons between the Trustws of the three slster Parlshes: Balteagh Parlsh Church (3(rt): Carrfck Part5h Churth {30%1; and A8hanloo & Tamla8htsrd Parlsh Church140%) Page 5 10
BALTEAGH PARISH CHURCH- CHARITIES NUMBER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Z R•concill•llon of C•h Funds Cwr•rt Inv•stm•nt Aeeounl 2023 2023 2022 2022 Openlng balante at i January 2023 170.197 7,750 155,055 7,750 Income 58.790 1107,4671 f,330 45.1871 Expendltu Closlng balants at 31 December 2023 1,szo 7.750 170,197 7,750 3. Don•tlons and plat• ¢oll•dlon Total Funds 2023 20 Freewlll Offerfnl and Collertlon 33,690 Tot•1 34431 33,690 Totsl F)dI Rertory Fun Day DOnatfOr new Wlndow Men's Shod Chtstmas B3ubie- Baltea8h 2,520 175 520 1055 5. Sp•dal Gth¢tlonsMssloMry Totsl FWMIS 2029 Donatlon frorn DWrnffnd CTlcket- Ukraln• Donatlon5 In Ileu I.IJ02 1.005 2,007 6. Shar• of P•rlsh •xp•ns•s (Rtt•lbYdl Tot•1 Parlsh Share {rel¥ed) 2023 Par15h Share Irecelved) 2022 6.774 6,774 Monles recefved from CarrlcK A8hanloo and Tamlaghtsrd In respert of shared expenses covered B•lte*gh. Shared exPee$ are analysed further at Not• 11.
BALTEAGH PARISH CHURCH- CHARITIES NUMBER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 7. Oth•r R•r•lpts Tot•1 Furnls 3)22 Roe Property DlvSdend Sale of 8re plut Donations Grant Recelpt 350 260 396 IA35 8, Sthool Exp•Ths•s Totsl FUYM 2023 2022 Faiih Mts51on- Bookstore Sunday Sthool Prkes 47 133 109 133 156 9. thur¢h Runnlni Exp•nMs Totsl F#19 202> 3)22 Power Nl 1,439 Insurance 1,057 Nl Water Repalr5 and Malntenan 5A23 1.141 3.sll 10. tharlty Donatl¢x Totsl Fwxls 2023 2022 Foyle Hosplce Btshops Appeal IRestrf¢ted) PoppyAppeal {R•5tdttedl Moth5 Unlon 51X) 107 Page 112
BALTEAGH PARISH CHURCH- CHARITIES NUMBER: NIC 104856 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2023 11. Parfsh EKpeM•s 8alteagh Parfsh Chwch had penseS of £7,802 In the year ended December 2023 In relatlon to the below shared expensek A perontage of these costs were rdmbursed from Carrl¢k aThl A8hanloo and Tamlaghtard Parlsh Chwch during the same pwiod. Detalls of the shared experfses are as follows: 2023 2022 Offl¢e Exper Elertriclty Insurance 393 437 1.105 589 L411 1256 938 2.378 877 Rates Rectory Repa and Maintenance 8T Prlntln8 Shad Parfsh Costs 2,075 1,792 1,162 1,280 538
.S94 12. Oth•r Exp•n Totsl 202> RCB Inve5tment- trafer Grfts withln Pati5h Renovatlon Fund- tsfer Chr55t Church- Chrlstma5 Lunch Staln Gla%s Wlndow. Replxem•nt Donatlon5 In Ileu External Speakers Partsh Fun Oay Expen5•5 Be Saf• B• W•ll Carol Servlce- Hamllton Flute Band Refund of Gtav• Plots 75,Q 595 13.974 1¢ 732 150 233 l(K* 76.750 15.944 13.Tr•nMrtlons th• Tn45t• No trurtee recelved any rernuneratlon or relmbursement ot expenses dwlng the year No trustee or a person related to a trustee had any personal Interest In any cvntract or tran5actth entered into ty the dwrity durlngthe Year.