BALTEAGH PARISH CHURCH
Trustee’s Annual Report and Receipts and Payments Account and Statement of Assets and Liabilities For the year ended 31 December 2024
Charities Number: NIC 104856
BALTEAGH PARISH CHURCH – CHARITIES NUMBER: NIC 104856
CONTENTS
| Page(s) | |
|---|---|
| References and administrative details of the Charity | 3 |
| Trustees’ Report | 4 – 6 |
| Independent Examiners Report to the Trustees | 7 |
| Receipts and Payments Account | 8 |
| Statement of Assets and Liabilities | 9 |
| 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 2024
REFERENCES AND ADMINISTRATIVE DETAILS
Charity Name: Balteagh Parish Church Charity Registration Number: NIC 104856 Contact Address: Balteagh Parish 115 Drumsurn Road Limavady Co. Londonderry BT49 0PD
TRUSTEES (SELECT VESTRY) Rev Rhys Jones Samuel Scott Samuel Hunter Stuart Scott Robert Craig Carol Alcorn Norman Craig Derek Purcell Dennis Reid Robert Purcell Ken Hill Heather Gilmore Glenda Wilson Margaret Loughery Charlene Ritchie
PRINCIPAL OFFICE-BEARERS
Rector: Rev Rhys Jones Treasurer: Samuel Hunter Secretary: Glenda Wilson Rector’s Churchwarden: Glenda Wilson People’s Churchwarden: Charlene Ritchie
INDEPENDENT EXAMINER
Mark Riley BSc (Hons) ACA
BANKERS
Danske Bank 46 Catherine Street Limavady Co Londonderry BT49 9DB
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BALTEAGH PARISH CHURCH – CHARITIES NUMBER: NIC 104856
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024
The trustees present the annual report and statements of Receipts and Payments and Assets and Liabilities for Balteagh Parish Church, Drumsurn Road, Limavady for the year ended 31 December 2024.
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. 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, the Balteagh 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 the Balteagh Parish Church.
Achievements, Performance & Public Benefit
Balteagh Parish Church provides weekly services of Morning Prayer along with Holy Communion, Baptisms, Weddings, Funeral Services and Pastoral Support. We hold Sunday School each week for the children alongside the morning service. During the year, Balteagh Parish Church held their annual Harvest Thanksgiving Service, Orange Service and joint services for Easter and Christmas with its 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 activities fulfil our objective and charitable purpose and have provided public benefit. Through our activities we aim to contribute not only to the spiritual well-being of people but their physical, practical, social and emotional needs also.
We have mitigated any potential harm from the activities i.e. we uphold the standards of the Church of Ireland’s Child protection policy – Safeguarding Trust.
Financial Review
Financial reports are reviewed throughout the year and the year-end financial report is approved by the Trustees at the Easter Vestry. Total receipts of £67,951 for the year ended 31 December 2024 which were more than total payments of £44,187, a surplus of £23,764, thereby increasing the total cash funds held as at 31 December 2024 to £145,285. Balteagh Church also holds investment assets in the RCB Trust of £200,000.
Going 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 climate and other events and conditions, and they have determined that they do not create a material uncertainty that casts significant doubt upon the Parish’s ability to continue as a going concern.
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BALTEAGH PARISH CHURCH – CHARITIES NUMBER: NIC 104856
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, Governance and Management
Governing Document and Constitution of the Charity
Chapter III of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees.
Recruitment and Appointment of Select Vestry (Trustees)
All members of the Church of Ireland who are over the age 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. 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 members may be re-elected annually and there is no limit on the number of terms which may be served.
Pay and remuneration
The payment of salary and remuneration is determined by the Church Of Ireland Office.
Organisational Structure
The Select Vestry is responsible for the day to day management of the parish. The Select Vestry consists of the Rector serving 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 making decisions on matters of general concern and importance to the parish including deciding on how parish funds are to be applied.
The Select Vestry meet at times fixed by the members or by the diocesan synod. Special meetings may be convened at any time by the chairperson or the church wardens. In 2023 the Select Vestry met three times during the year and the average attendance was 95%.
Compliance with Public Benefit
The Parish has given careful consideration to the Charity Commission for Northern Ireland’s guidance 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 providing public benefit.
Statement of Trustees' Responsibilities
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 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.
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BALTEAGH PARISH CHURCH – CHARITIES NUMBER: NIC 104856
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees are responsible for keeping accounting records that are sufficient to show and explain the Parish’s transactions 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 reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on Behalf of the Trustees by:
Date 28/10/2025
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BALTEAGH PARISH CHURCH – CHARITIES NUMBER: NIC 104856
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examiners Report to the Trustees of Balteagh Parish Church
I report on the accounts of the Trust for the year ended 31 December 2024, which are set out on pages 8 to 12.
Respective responsibilities of charity trustees and examiner
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 my responsibility to:
-
examine the accounts under section 65 of the Charities Act
-
follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act
-
state whether particular matters have come to my attention.
Basis of independent examiner’s report
I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.
My examination included a review of the accounting records kept by the charity and a comparison of 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.
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
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That the accounts do not accord with those accounting records
-
That the accounts do not comply with the accounting requirements of the Charities Act
-
That there is further information needed for a proper understanding of the accounts to be reached.
Independent Examiner's Statement
I have completed my examination and have no concerns in respect of the matters 1. to 4. listed above and in connection with following the directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
_____ 28/10/2025_ Mark Riley BSc (Hons) ACA Date
45 Newline Road Limavady BT49 9NF
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BALTEAGH PARISH CHURCH – CHARITIES NUMBER: NIC 104856
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024
| Note Receipts Donations and plate collection 3 Proceeds from fundraising events 4 Gift Aid Special collections/missionary 5 Share of Parish expenses 6 Interest Other receipts 7 RCB Income Total Receipts Payments Diocesan Assessment Visting Speakers Organist Diocesan Reader Sunday School Expenses 8 Church Running Expenses 9 Charity Donations 10 Parish Expenses (Share) 11 Bank Charges Other Expenses 12 Total Payments Net of receipts/(payments) |
Unrestricted Funds Restricted Funds Total Total 2024 2024 2024 2023 £ £ £ £ 32,866 -32,86634,438 4,950 -4,9502,520 6,844 -6,8447,367 705 -705 - 12,283 -12,2835,006 305 -305311 400 -4001,435 - 9,5989,5987,713 58,354 9,598 67,951 58,790 |
|---|---|
| 11,990 -11,99011,990 210 -210130 630 -6301,140 880 -8801,020 299 -299133 3,698 -3,6987,578 - 2,7502,750807 20,826 -20,8267,802 114 -114118 2,791 -2,79176,750 |
|
| 41,437 2,750 44,187 107,467 | |
| 16,917 6,848 23,764 (48,677) |
Signed as approved on behalf of the Trustees by:
Date 28/10/2025
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BALTEAGH PARISH CHURCH – CHARITIES NUMBER: NIC 104856
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2024
| Unrestricted Funds |
Restricted Funds |
Total | Total | ||
|---|---|---|---|---|---|
| 2024 | 2024 | 2024 | 2023 | ||
| Note | £ | £ | £ | £ | |
| Cash funds | |||||
| Current Account | 145,285 | - | 145,285 | 121,520 | |
| Total Cash Funds | 145,285 | - | 145,285 | 121,520 | |
| Investment assets | |||||
| Investments in RCB Trust | 200,000 | - | 200,000 | 200,000 | |
| Assets held for Parish's own use | |||||
| Rectory | 1 | - | 210,000 | 210,000 | 210,000 |
| Total Assets | 345,285 | 210,000 |
555,285 |
531,520 | |
| Total Charity Funds | 345,285 | 210,000 | 555,285 | 531,520 |
Signed as approved on behalf of the Trustees by:
Date 28/10/2025
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BALTEAGH PARISH CHURCH – CHARITIES NUMBER: NIC 104856
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accounting policies
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 £250k 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
(b) Classification of 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 legal processes, but still within the wider objects of the Parish;
-
Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income there from is used for the purpose defined in accordance with the objects of the Parish; and
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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 the fund.
(c) Statement of Assets and Liabilities
Assets retained for the Parish’s own use
The assets of the Parish, retained for its own use comprise:-
-
Church Building and Graveyard
-
Rectory
The Church Building and Graveyard is deemed to be Heritage assets as defined by the Charities SORP (FRS102). These Heritage assets are not included in the statement of assets and liabilities 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.
The Rectory is recognised at cost, being the estimated fair value of the property at 31 December 2023. No depreciation has been provided on the Rectory as the current estimated residual value is not less than its carrying value and remaining useful life currently exceeds 50 years.
Ultimate control of the Rectory is held in the following proportions between the Trustees of the three sister Parishes:
Balteagh Parish Church (30%); Carrick Parish Church (30%); and Aghanloo & Tamlaghtard Parish Church (40%)
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BALTEAGH PARISH CHURCH – CHARITIES NUMBER: NIC 104856
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
2. Reconciliation of Cash Funds
| Current Account 2024 £ Opening balance at 1 January 2023 121,520 Income 67,951 Expenditure (44,187) Closing balance at 31 December 2023 145,285 |
Current Account 2023 £ 170,197 58,790 (107,467) 121,520 |
|---|---|
3. Donations and plate collection
| plate collection | ||
|---|---|---|
| Freewill Offering and Collection Total fundraising events Cook Book Rectory Fun Day ions/Missionary Donations in lieu h expenses (Received) Parish Share (received) 2024 Parish Share (received) 2023 |
2024 2023 32,866 34,438 32,866 34,438 Total Funds |
|
| 2024 2023 4,950 - - 2,520 Total Funds |
||
| 4,950 2,520 |
||
| 2024 2023 705 - Total Funds |
||
| 705 - |
||
| 2024 2023 12,283 - - 5,006 12,283 5,006 Total Funds |
||
4. Proceeds from fundraising events
5. Special Collections/Missionary
6. Share of Parish expenses (Received)
Monies received from Carrick, Aghanloo and Tamlaghtard in respect of shared expenses covered by Balteagh. Shared expenses are analysed further at Note 11 .
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BALTEAGH PARISH CHURCH – CHARITIES NUMBER: NIC 104856
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. Other Receipts
| Roe Property Dividend Grant Receipt Expenses Sunday School Materials & Books Sunday School Prices g Expenses Power NI Insurance NI Water Repairs and Maintenance ons Foyle Hospice (Restricted) Bishops Appeal (Restricted) Poppy Appeal (Restricted) Mothers Union (Restricted) |
2024 2023 400 400 - 1,035 400 1,435 Total Funds 2024 2023 179 - 120 133 299 133 Total Funds 2024 2023 1,068 1,001 1,080 1,057 107 98 1,443 5,423 Total Funds |
| 3,698 7,578 2024 2023 500 500 2,000 - 250 200 - 107 Total Funds |
|
| 2,750 807 |
8. Sunday School Expenses
9. Church Running Expenses
10. Charity Donations
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BALTEAGH PARISH CHURCH – CHARITIES NUMBER: NIC 104856
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
11. Parish Expenses
Balteagh Parish Church had expenses of £20,826 in the year ended December 2024 in relation to the below shared expenses. 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:
| Office Expenses Electricity Insurance Oil Rates Rectory Repairs and Maintenance BT Printing Shared Parish Costs |
2024 2023 1,035 393 1,782 1,411 324 383 1,923 2,256 988 938 11,581 390 871 869 1,350 1,792 2,821 1,162 Shared Expenses |
|---|---|
| 22,676 9,594 |
12. Other Expenses
| ses | |
|---|---|
| RCB Investment - transfer Gifts within Parish Renovation Fund - transfer Christ Church - Christmas Lunch Cook Book Printing Expenses |
2024 2023 - 75,000 806 200 - 1,300 420 250 1,565 - Total Funds |
| 2,791 76,750 |
13. Transactions with 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.
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