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