CHARITIES REGISTRATION NUMBER: 104857 ST. CANICE'S CHURCH TRUSTEES. ANNUAL REPORT AND STATEMENT OF RECEIPTS AND PAYMENTS AND ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 PFS & PARTNERS Chartered Certified Accountants 16 Main Street Limavady Co. Londonderry BT49 OEU
St Canice's Church Year Ended 31 December 2023 Contents Page Charity information Trustees, annual report Independent examiners report to the trustees Receipts and payments account Statement of assets and liabilities Notes to the accounts 10-12
St Canice's Church Year Ended 31 December 2023 Charity Information Charity registratlon number 104857 Trustees Rev Canon Paul Hoey Charles Donnell Ernest Moore William Driver Wendy Deacon Ann Turner Elaine Way Roberta Sinclair Melonie Montgomery Daphne Pentland Valerie Faith Rebecca Driver Olga Cathers Tracy Jennings Derek Thompson Maeve Curry Principal office 21 Main Street Eglinton BT47 3AB Independent examiners PFS and Partners 16 Main Street Limavady BT49 OEU Bankers Danske Bank 27 Glenshane Road Londonderry BT47 2LN
St Canice's Church Year Ended 31 December 2023 TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present the annual report and statement of receipts and payments and assets and liabililies for St. Canice's Church for the year ended 31 December 2023. Objectives and Activities The charitable purpose of Sl. Canice's Church is the advancement of religion. The principal function is to support the advancement of the Christian religion by promoting Ihrough 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 is fundamental to the practical delivery of the tenets of Christianity. As a result of activity in pursuit of the advancemenl of the Christian religion, the Parish has custody of a large body of records, materials, and artefacts of significance to the cullural heritage, the maintenance of which is undertaken by the Parish as a secondary charitable purpose. Achievements and Performance 2023 was St Canice's first year since 2020 without any restrictions associated with the COVID pandemic. We were pleased to note that the numbers of people returning to church continued to increase, as did the numbers of children attending Sunday School (JAM). In September 2023, JAM moved to weekly from the fortnightly offering the previous year. We also introduced a Daybreak service once a month, targeted at young families. From 18th October, Midweek Holy Communion was reintroduced, designed to be wheelchair accessible and dementia friendly. 11 is difficult to offer regular opportunities to be togelher as a church family when we do not have a usable church hall. However, we held a number of successful events, including a Beetle Drive (January), a Reindeer Drive (December), and a Coronation lunch (May), thanks to the support of the local Orange Lodge who kindly lent us their hall. We also enjoyed our annual parish bus outing in September, and a guided tour of Derry's walls in November. In October, we completed the celebration of our 200th anniversary of the church building with the interment of a time capsule in Ihe church grounds, lo be opened in fifty years. and the display of a Memory Cloth with parishioners, names embroidered on it. In terms of outreach to the wider community, we hosted a well-attended event on Saturday 22nd April examining the Enagh Lough crash during the Second World War. We also held a hugely successful Pets, Service in October, attended by a significant number of well-behaved dogs. a firsl in the village. A series of Christmas events and carol services allowed us to present over 100 children's presents and £500 to the Salvation Army. The Select Vestry's business continued to be dominated by the planning for a new parish centre to replace the parish hall which was badly damaged in the 2017 flood. In February, the Rector made a presentation to parishioners about the current position, and continued to update them throughout the year. Significant progress was made during 2023. The assel of the field was sold in December, with legal completion happening by January 2024. The parish, with Diocesan support. undertook enabling works that allowed us lo protect our planning permission that had been due lo expire in January 2024. This was the single biggesl risk to the project's succes5. We submitted a grant application to Ihe Church of Ireland's Representative Church Body in Dublin, and also secured the offer of a loan from Communily Finance Ireland. We worked closely wilh Diocesan Committees to take the project forward.
St Canice's Church Year Ended 31 December 2023 Trustees Report 2023 continued... Parishioners committed to contribute to the church's Building Fund when it was launched in June 2021. By the end of 2023, the Select Vestry was pleased that parishioners had largely adhered to their pledges, while noting that some contributors had died or left the parish. Nevertheless, the Building Fund remained on target for 2023. An important contributor to Ihe Building Fund is the income received from the parish thrift shop "New Beginnings" which opened in December 2019. As well as bringing much- needed additional income for the church's Building Fund (£48,470 in 2023), the shop has proved to be an important part of St Canice's ministry in the local community. Its success is due to a team of committed volunteers, 2nd the quality of donations received from across the community. The Select Vestry decided in December 2023 to share grants of £500 each to olher charities: Foyle Search and Rescue, St Vincent de Paul, Londonderry Orphans, Society, the Methodist City Mission, and the Bishops, Appeal. In this year, the parish also donated to the Bishops, Appeal for the Middle East, the Bishops, Appeal for Libya. and the Earl Haig Fund. The parish prioritised recruiting a Youth Worker, a post to be shared with the local Presbyterian Church as a means of re-engaging young people. We were delighted in July 2022 to receive a grant of £10,000 from the National Lottery Community Fund. In conjunction with the Presbyterian Church, St Canice's has worked hard to identify a suitable candidate. Although we were unsuccessful in appointing in 2023, we Gontinue to try to fill this important post. Public Benefit The expression of the precepts of the Christian religion Ihrough engagement with the general public, and in particular with the disadvantaged, the sick, the elderly and the young is a public benefit. This can be measured and evidenced through increased social integration and pastoral care delivered at the point of need. The direct benefit of participation in Church life includes the enjoyment of public worship and Ihe giving and receiving of pastoral ministry, improved understanding of the values relating to civic engagement, community cohesion and providing a bridge between diverse groups as well as improved educational outcomes through the Church's ministry of teaching. The beneficiaries are the general public. The public valualion of the benefits can be evidenced through attendance at public worship, participation in Church governance, willingness to support through contributions and the continuing witness of the Church. The wider benefit to the public will OUe1gh any detrimenl arising in the course of Christian oulreach. Any private benefit arising out of the fulfilment of our Christian ministry or to lay staff is essential to the fulfilment of the purpose of the advancement of religion. No Trustee receives remuneration, reward. or other private benefit for carrying out their Trustee responsibility. The direct benefits flowing from maintenance of a body or records, materials and artefacts include the provision of archive records, public enjoyment of cultural and historic buildings and artefacts such as church plate, furnishings, and materials as well as an overall improved appreciation of longslanding Christian heritage. This is demonstrated through on-going provision of access to records and the use made of these records in, for example, research and genealogy. through conservation efforts in respect of records, property and artefacts and the subsequent and continued requests for access and use of our materials by wider society. There is no harm arising from the purpose. The beneficiaries are the general public. No private benefit is received by trustees fulfilling their trustee responsibilities in respect of these records, buildings, or artefacts, but in the course of conservation and to make these accessible to the public, the engagement of professional staff and services is essential but incidental to the fulfilment of the purpose. 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.
St Canice's Church Year Ended 31 December 2023 Trustees Report 2023 continued... Financial Review Our tolal income in the year was £151,484 (2022.. £176,915) and this consisted of £72,758 (2022- £77,806} in our General Fund (Unrestricted Funds), £74,417 (2022: £92,785) in our Restricted Fund and £4,309 (2022: £6,324} income from Endowments. Total expenditure for the year was £123,460 (2022.. £92,860) of which £85,621 (2022.. £84,363) was from General Funds {Unrestri¢ted Funds), and £33,530 (2022.. £4,697) was from Restricted Funds and £4,309 {2022: £3,800) was from Endowment Funds. Trustees. policy on holding reserves It is the policy of the Trustees, that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three month's expenditures. The Trustees consider that reserves at this level will ensure Ihal in the event of a significant drop in income, Ihey will be able to continue with current activities while consideration is given to ways in which additional funds may be raised. Going Concern The Trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate funds in place to ensure that the Parish can continue its aclivilies and the financial statements for the year ended 31 December 2023 can be signed off as a going concern. Structure, Governance and Management Governing Document and Constitution of the Charity Chapler111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Veslry 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 eleclion 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 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. The general vestry meeling took place on 23 April 2023. Pay and remuneration Payments totalling £5,285 (2022.. £5.092} were paid to the incumbent member of clergy who served in Ihe parish during the year for daily running expenses. Organisational Structure The Select Vestry is a body of people elected under the Constitution ofthe Church of Ireland responsible for the day-to-day management of the parish. The Select Vestry consists of the member of the clergy ("the incumbent") serving in the parish, along with 16 other members. The Select Vestry is responsible for making decisions on matters of general concern and importance to the parish including deciding how parish funds are to be applied. It meets at times fixed by the members. In 2023, the Select Vestry met seven times during the year. Their work was supported by a number of Sub-committees including a Finance Committee, a Hall Project Group, a Fundraising Committee, and a Parish Development Group. 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.
at Canice's Church Year Ended 31 December 2023 The law applicable to charities in Northern Ireland with Income of less than £250,000 requires the trnslees to prepare a statement of receipts and payments and a statement of assets and liabilities for each financial year. The Trustees are responsible for keeping accounling 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 Rev. Canon P Hoey Trustee Date: Mr. E Moore Trustee Date: £oL
St Canice's Church Year Ended 31 December 2023 Independent examiner's report to the charity trustees of St. Canice's Church I report on the accounts of the Trust for the year ended 31 December 2023, which are set out on pages6to 11. 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 procedure laid down in the general Direclions 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 lo believe.. 1. Thal accounling records were not kept in accordance wilh section 63 of the Charities Act. 2. Thal the accounts do not accord with those accounting records. 3. That the accounls do not comply with the accounting requirements of the Charities Act. 4. 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 the following Directions of Ihe Charity Commission for Northern Ireland. I have found no matlers that require drawing to your attention. PFS L fItrAC(s PFS & Partners Chartered Certified Accountants 16 Main Street Limavady BT49 OEU
St Canice's Church Year Ended 31 December 2023 Receipts and Payments Accounts RECEIPTS Unrestricted Funds Restricted Endowment Funds Funds Total Total 2023 2022 Donations & legacies Freewill offering t)onations In memoriam Baptisms Special collections Charitablg activitles Sale of graS Fundraising income Sundry income New Beginnings shop income Investment in¢ome InStment income Bank interest receivdble Other income RCB church grants Youth worker fundirvJ Total recelpts 69,624 382 69.624 382 65.578 1,396 2.180 50 1.575 1.575 1,624 1,624 1,725 690 690 1,650 18,838 1,929 42,625 361 22.769 23.130 47.871 47.871 80 4,309 4.389 2,199 6.324 254 2.153 20.000 14.366 176.915 72.758 74,417 4,309 151,484 PAYMENTS Unrestrlcted Restricted Endowment Funds Funds Total Total Funds 2023 2022 Expenses Diocesan assessment Insurance 65,092 4.825 1,919 65,092 4.825 1,919 3.300 1,813 473 62,780 4.373 1.752 3.300 3.498 890 3,800 171 Rates New Beginnings shop rent Healin9 and lighting Printing and slalionery Groundwotks 3,300 1.813 473 3,500 809 3,500 1,495 637 Repairs and mainlenanee Sundry expenses Equipment Bank interest and fee5 686 637 891 268 268 190 190 187
st Canice's Church Year Ended 31 December 2023 Receipts and Payments Accounts Continued... PAYMENTS Unrestricted Restricted Endowment Funds Funds Total 2023 Totsl 2022 Fund5 Clergy expenses of office Fundraising costs Church cleaning Special collections Gifts 5,285 2,1 2,160 1.170 8Ct) 1.157 Charitable donations Ent expenses Accountancy fèes Building Costs Totsl pawnents 25,992 33.530 25,W2 123.480 85.621 4.309 92.860 Net of reCeipts1{panentsj (12.862) 40.886 28,024 84,055 Transfers b8lMen fuTrJs Net M0ment in fvnds 112,8621 9,321 13.541) 40,886 3C6.316 347.203 28,024 327,735 355.759 84,(5 243,680 327.735 Cash fvnds brought forward at 1 Jan 23 Cash ftjnds carried fr)Thfdrd al 31 Dec 23 12,098 12.098 Rev. Conon Paul Hoey Trustee Emest Moore Trustee Date.. 111612oLf Date.. 2o2C
t Canice's Church Year Ended 31 December 2023 Statement of Assets and Liabilities Unrestricted Restricted Endowment Funds Funds Total 2023 Total 2022 Funds Cath funds Gerral account Number 2 account (3.561) 12.352 12.Cts8 32.619 127.761 167,335 BuildiNJ account BL1rsS Imestmenl Account 102,928 231, 102,928 231, Fixed Tem fposit Accourt Petty cash Total cash funds 20 13,5411 347.202 12,098 355.7Sg 327.735 InveslTnent asls InEstments in CITIRCB unit trusts Total inve4mènt assèts 159,134 159,134 159,134 159,134 152, 152.499 Asts retained for the Parish's own use Rectory Portacabin 240.CtKI 21,980 13,576 275,556 240,C 21. 13,576 275,556 240,1XM) 21. 73,576 275.$56 Buildir¥J works Total as8ets retained for the Parish's own use Total assets 272.015 347,202 171,231 7x1.449 755,79) Rev. Can Paul Hoey TnBtee En1 Moore Tnjstee Dale..
St Canice's Church Year Ended 31 December 2023 Notes to the Receipts and Payments accounts 1. Accounting policies Set out below are the principal accounling policies which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities. {a} Receipts and Payment Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. (b) Statement of Assets and Liabiltties {]) Assets retained for Parish's own use The assets of the Parish. retained for its own use comprise.. Church Building and Graveyard Church Hall Rectory The Church Building and Graveyard are 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 Ihe 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 Church Hall is not recognised in the Parish slatemenl of assels and liabilities as there are no reliable records of the cost of constructionlacquisition and the valuation approach for such a building lacks sufficient reliability. The Rectory is recognised at deemed cost, being the estimated fair value of the property al 21 Main Street, Eglinton. BT47 3AB. No depreciation has been provided on the Rectory as the current estimated residual value is not less than it's carrying value and the remaining useful life currently exceeds 50 years. {ii) Investments Investment in RCB Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each year-end date. 2. Reconciliation of cash funds Total cash fijnds at the beginning of the year Receipts for the year Payments for the year Total cash fiJnds al the end of the year 327,735 151,484 (123,460) 355,759 10
St Canice's Church Year Ended 31 December 2023 3. Movement in funds Incoming Resknurces Oulgoing ReurCeS At31 Decembèr 2023 At 1 January 2023 Tranthrs Endowment funds 12,098 12,098 4,309 4,309 4,309 4,309 12.098 12,Q98 Total ondowmgnt funds R8stri¢t&d fund$ Flood Relief and Insurance claim Building ijnd RCB grant re church hall New Beginnings Shop R Cochrane - Estate R Driw- In Memorfum Rectors Challenge Church of the Cross USA Special Collections Donation towards fvneral lea Damd Holmes 200th Annilersary Concert (Bishops Appeal) Youth worker funding Total restrlcted funds 46,293 135,600 50,000 47,584 10,000 300 500 3.678 2,061 46.293 223,247 50,000 24,922 25.992 88,717 47.871 6,738 88,717 10,000 300 500 3,678 2,211 150 300 10.000 306,316 1,474 800 974 10.000 347,203 74.417 33,530 Unre*ricted funds General nd 9,321 9,321 72,758 72.758 85,621 85.621 {3,5411 {3,541) Total unrestricted funds Total funds 327,735 151,484 123,460 355.759 Income from RCBICIT unit trusts used for maintaining church grounds and graves. Purpose of Restricted Funds Flood Relief and Insurance Claim: A significant part of the village of Eglinlon (including the homes of parishioners, the Parish Church, and the Church Hall) was flooded in August 2017. This is a fund representing donations received from parishioners, the Diocese and others to provide flood relief to those affected together with an interim payment from the parish's insurers to help meet ongoing costs whilst the Insurance claim for the damage to Church property is being settled. The Building Fund.. St. Canice's Church building and hall were badly damaged during flooding in the village in August 2017. The Building Fund was established to facilitate donations from parishioners who wished to contribute to the enhancement of the church during its restoration and the potential new build of the church hall. R Cochrane - Eslate.. These funds were donated to be used to fund activities and projects as determined by the Rector. R Driver- In Memorium: These funds were donated to be used to fund activities and projects as determined by the Rector. Rectors Challenge.. These funds were donated to be used to fund activities and projects as determined by the Rector. Church of the Cross USA: These funds were donated to specifically help with development activities in the Parish.
St Canice's Church Year Ended 31 December 2023 Special Collections.. This is money collected to donate to a specific cause. 200th Anniversary Concert.. These funds were donated to specifically help with the costs of the 200th Anniversary Concert. Youlh Worker Funding: These funds were donated to specifically help with the cosl of a Youth Worker. No Youth Worker was employed during the current financial year, but these funds are earmarked for a future Youth Worker. Purpose of Unrestricted Funds General Fund- This is for the day to day running of the Parish. 4. Special collections for third parties 2023 2022 Bishop Appeal Ead Haig Fund Scotland Ukraine Collection 1,474 150 1,725 1,725 1,624 5.Transactions with theTrustees 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 by the charity during the year.