St. Peter's Derry Church of Ireland Trustees, Annual Report and Statement of Receipts and Payments and Assets and Liabilities For the year ended 31 December 2023 Charities Number: NIC104863
St. Peter's Derry Church of Ireland Annual Report and Financial Statements for the year ended 31 December 2023 Contents References and Administrative Details of the Charity P3 Trustees, Report P4-5 Independent Examiner's Report to the Trustees P6 Receipts and Payments Account P7 Statement of Assets and Liabilities P8 Notes to the Financial Statements P9-10
SL Peterfs Derry Church of Ireland References and Administrative Details Charity Name: St. Peterfs Derry Church of Ireland Charity Registration Number: NIC104863 Contact Address: Parish Administrator clo The Rector The Rectory 1 B Heathfield, Londonderry, BT48 8JD Trustees Ven. Robert Miller Janice Quigley Ellesmere Jarvis Albert Brown Avril Brown Pamela Mcconnell Howard Mcconnell Brian Seaton Ruth Kenwell Anne Roulston Eileen Mc Farland Princlpal Office-Bearers Clergy: Church Treasurer.. Church Warden - Clergy.. Church Warden - People.. Ven. Robert Miller Brian Seaton Albert Brown Howard Mc Connell Independent Examlner 14. Cherry Drive, Eglinton, Co. Londonderry Irwin Thompson: Bankers Ulster Bank Limited, Da Vinci Complex, Culmore Road. Londonderry. BT48 8JB
Trustees, Annual Report for the year ended 31 December 2023 The Trustees present the Annual Report and Statements of Receipts and Payments and Assets and Liabilities for St. Peter's Derry Church of Ireland for the year ended 31 December 2023. Objectives and Activities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of St. Peter's Derry Church of Ireland is the advancement of the Christian religion by promoting, through the work of St. Peter's Derry Church of Ireland 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 advancement of the Christian religion, St. Peter's Derry Church of Ireland 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 St. Peter's Derry Church of Ireland. Achievements, Performance & Public Benefits St. Peter's Derry Church of Ireland has weekly seNices on Sunday mornings, and also hold special services. This offers an environment of worship and prayer for the local community. Pastoral care is provided for parishioners and those in the wider community. The church is also engaged in mission in the local community and in the wider society. A range of other activities is provided by St. Peter's Derry Church of Ireland either by the church directly or through various church organisations, e.g. Choir, Sunday School, Mothers, Union, Thursday Luncheon Club, Badminton, Bowls. There is an effective inter-church co-operation within the local community, including involvement with the Londonderry Churches Trust, the local Clergy, and the Week of Prayer for Christian Unity. The activities outlined above demonstrate how St. Peterfs Derry Church of Ireland continues to implement its charitable purposes (i.e. the advancement of religion) and meets the public Benefit requirement. Benefits to members of the public include contributing to spiritual well-being of participants and the reinforcement of Christian values. St. Peter's Derry Church of Ireland has mitigated any potential harm from the activities through the implementation of the Church of Ireland Safeguarding Trust Policy, regarding children,. Adult Safeguarding, and Dignity in Church Life Policies. Financial Review The Parish income for the year 2023 is £39,145 (2022 £37,726.13) with outgoings of £46,581 (2022 £47,917) resulting in a deficit of £7,436. The main source of income is from free will offerings and gift-aid laims. The bank balance at 31 December was £9.518. The Trustee's policy on holding reserves is to hold a level of unrestricted funding to meet at least one yearfs running costs. Going Concern The Trustees have reviewed the Budgets for the year ahead and are satisfied that there adequate funds in place to ensure that the parish can continue its activities. 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 Chapter111 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 to the number of terms which may be served. Organisational Structure The Select Vestry is responsible for the day to day management of the parish. The Select Vestry consists of the member of the clergy serving in the parish, any curate assistant ("the curate"), the church wardens, the glebe wardens and generally not more than twelve other members of the general vestry elected at the General Vestry. The Select Vestry is chaired by the incumbent or another member of the clergy officiating in the parish. Select Vestry members are responsible for making decisions on matters of general concern and importance to the parish, including deciding how parish funds are to be applied. The Select Vestry meets 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. 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 regu5ations. The law applicable to charities in Northern Ireland with income of less than £250,000 requires the Trustees to prepare a Statement of ReiptS and Payments and a Statement of Assets and Liabilities for each financial year. 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 Ven Robert Miller (Rector) Date.. Brian Seaton (Hon Treasurer) Date..
INDEPENDENT EXAMINER'S REPORT Independent examiner's report to the charity trustees of St Peter's Church I report on the accounts of the Trust for the year ended 31 December 2023, which are set out on pages 7 to 8 Respective responsibilitie5 of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the account5 in accordance with the Charitie5 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 8iven by the Commission under section 6519}Ibl 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 65191{bl 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 explanation5 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 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 matters11} to {41 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. Signed: Name: Mr Irwin Thompson Address: 14 Cherry,Drive, Eglinton, BT47 WS
LONDONDERRYST PETER'S CHURCHIDERRYICHURCH OF IREALND RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restricted Funds Funds 2023 2023 Total Funds 2023 Total Funds 2022 Note Receipts Donations & Plate Collections Bank Interest Parish Centre Income Other Receipts 30,905 1,585 5,955 700 30,905 1,585 5,955 700 28,144 1,531 5,884 607 Total Receipts 39,145 39,145 36,166 Payments Wages & Salaries Diocesan Costs Church Running Costs Glebe Costs Parish Centre Costs Administration Costs Sundries 4,266 19,890 5,805 3,250 8,930 4,360 80 4,266 19,890 5,805 3,250 8,930 4,360 80 4,592 16,844 12,707 3,107 4,821 5,506 340 Total Payments 46,581 46,581 47,917 By Balance 4Deficit)ISurplus On behalf of the Trustees Trustee I Trustee 2 $1
LONDONDERRYIST PETER'S CHURCHIDERRYICHURCH OF IRELAND STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2023 ASSETS Assets Retained for the Parish's own use 2023 2022 Buildin Church Hall Rectory 614,000 140,000 754,000 614,000 140,000 754,000 Cash Funds Total Funds 2023 Unrestricted Funds 2023 Restricted Funds 2023 Total Funds 2022 Current Accounts 9,518 9,518 16,954 Total Cash Funds 9,518 9,518 16,954 Investment Assets 2023 2022 Investments in RCBICIT Unit Trusts 53,775 52,208 Total Investment Assets 53,775 52,208 Total Assets 63.293 69,162 On behalf of the Trustees Trustee 1 £06£ Z<3 Trustee 2 13r,
St. Peter's Derry Church of Ireland Notes to the Accounts - Year Ended 31 December 2023 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. Receipts and Payments Account All items of income and expenditure included in the Receipts and Payments Account have been accounted for on a cash receipt basis. Statement of Assets and Liabilities (a) Assets retained for the Parish's own use The assets of the Parish, retained for its own use comprise of.. Church building Parish Centre Rectory The church building is deemed to be a heritage asset as defined by the Charities SORP (FRS 102). The heritage asset is 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 as a cost commensurate with the benefit to the users of the accounts and the parish. The Parish Centre was built in 1968. There are no reliable records of the cost of this construction for this building. The trustees have agreed to value the hall based on its insurance value. Any capital expenditure on the hall is expensed during the year. The rectory is recognised at deemed cost, being the estimated fair value of the property. Any capital expenditure on the rectory is expensed during the year. (b) Investments Fixed asset investments comprising investments in RCBICIT Unit Trusts are initially recorded at cost and then subsequently stated at fair value at each year-end date.
St. Peterfs Derry Church of Ireland Notes to the Accounts continued - Year Ended 31 December 2023 3 Reconciliation of Cash Funds Total Cash Funds at 1 Janua Recei ts for the Year Pa ments for the Year Total Cash Funds at 31 December 2023 2023 16,954 39,145 46,581 9,518 4 Movement in Funds At1 January 2023 Incoming Resources Outgoing Resources Transfers At31 December 2023 Restricted Funds Unrestricted Funds General Fund No 1 In Memoriam No 2 Parish Centre No 3 Total Funds 6,322 5,312 5,320 16,954 26,056 7,192 5,897 39,145 38,828 12,429 12,429 5,979 75 3.464 9,518 7,753 46,581 5 Donations to Third Parties 2023 2022 Donations to Third Parties 70 This is donation paid from church funds to third parties, as approved by the Trustees. 6 Transactions with Trustees The parish paid expenses to 1 trustee during the year, £1039 to Ven Robert Miller as an extra stipend. No other trustees received any remuneration or reimbursement of expenses during the year. 10