Christ Church 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.. NIC104868 Christ Church Londonderry Annual Report and Financial Statements for the year ended 31 December 2023 Contents References and Administrative Details of the Charity P3 Trustees, Report P4-6 Independent Examiner's Report to the Trustees P7 Receipts and Payments Account P8 Statement of Assets and Liabilities P9 Notes to the Financial Statements P10-11 Christ Church Derry Church of Ireland References and Administrative Details Charity Name: Christ Church Londonderry Charity Registration Number.. NIC104868 Contact Address: Parish Administrator clo The Rector The Rectory 1 B Heathfield, Londonderry, BT48 8JD Trustees Ven. Robert Miller Jean Stevenson Ruby Wilson Esther Milligan In4vin Thompson Lindsey Harrington Hazel Best Richard Best Ken Thatcher Harriet Love Caroline Galbraith Donat Desmond Dick Sinclair Principal Office-Bearers Rector.. Church Treasurer" Church Warden - Clergy: Church Warden - People.. Ven. Robert Miller Ruby Wilson Hazel Best Caroline Galbraith Independent Examiner Alison Tancred, 43 Templeard, Derry, BT48 8FE Bankers AIB Bank, Meadowbank, Strand Road, Londonderry. BT48 7TN 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 Christ Church Londonderry 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 Christ Church Londonderry is the advancement of the Christian religion by promoting, through the work of Christ Church Londonderry 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, Christ Church Londonderry 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 Christ Church Londonderry. Achievements, Perfonnance & Public Benefits Christ Church Londonderry have weekly services 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 Christ Church Londonderry 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 Christ Church Londonderry 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. Christ Church Londonderry 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 was £69,899 with outgoings of £65,253 resulting in a surplus of £4,646. The income for the year includes RCB Grant-church Fund of £3,750 a maintenance grant for the church tower and investment income of £12,500. There is restricted interest of £1,904 in the Choir Bursarylmusic Fund. Also restricted donations of £3,000 and an award of £750 (restricted) from March Christian Trust-National Churches Awards were received for First Wednesday recitals in the Choir Bursarylmusic Fund account. A legacy of £5,000 was also received during the year. The other main source of income is from free will offerings and gift-aid claims. Expenditure for the year was £65,253 which includes £1,130 for repairs and maintenance to the church tower. The bank balance at 31 December 2023 is £61,628 of which £9,604 is restricted funds. Overall, the financial outturn for 2023 is stable. 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 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 Goncern 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 2022 the Select Vestry met four times during the year, and the average attendance was 85 % . 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 activitie5 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. 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) zozy Miss Ruby Wilson (Hon Treasurer) Date: a/ &T INDEPENDENT EXAMINER'S REPORT Independent examiner's report to the charity trustees of Christ Church Londonderry I report on the accounts of the Trust for the year ended 31 December 2023 which are set out on pagesSto I I 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.. 1. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts 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 examinerfs 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. Signed.. (bn c.t Date: IqliQ124 Name: Alison Tancred Address.. 43 Templeard. Derry, BT48 8FE LONDONDERRYICHRIST CHURCHIDERRYICHURCH OF IRELAND Receipts and Payments Account for the Year Ended 31 December 2023 Unrestricted Restricted Funds Funds 2023 2023 Total Funds 2023 Total Note 2022 Receipts Donations & Plate Collections Legacies 41,592 5,000 41,592 5,000 37,670 Bank and Deposit Interest Choir Bursary RCB Distribution Recitals Investment Income 166 166 1,904 3,987 12,500 12 1,823 1,904 3,987 12,500 12,001 Other Receipts 3,750 1,000 4,750 27,029 Total Receipts 63,008 6,891 69,899 78,535 Payments Wages & Salaries Diocesan Costs Church Running Costs Glebe Costs Parish Centre Costs Administration Costs Charitable Donations Sundries Recitals 6,965 26,704 7,972 7,421 6,615 3,664 1,220 2,831 6,965 26,704 7,972 7,421 6,615 3,664 1,220 3,171 1,521 7,055 24,500 7,894 54,470 7,099 4,120 200 2,111 340 1,521 Total Payments 63.392 1,861 65,253 107,499 By Balance - Surplusl(Deficit) 384 On behalf of the Trustees Trustee 1 ZJ Trustee 2 LLfiL£o LONDONDERRYICHRIST CHURCHIDERRYICHURCH OF IRELAND Statement of Assets and Liabilities as at 31 December 2023 Cash Funds Total Funds 2022 U nrestricted Funds 2023 Restricted Funds 2023 Total Funds 2023 Current Accounts 52,024 9,604 61,628 56,982 Total Cash Funds 52,024 9,604 61,628 56,982 Investment Assets 2023 2022 Investments in RCBICIT Unit Trusts At cost 337,665 337,665 At market value 517,334 541,284 Total Assets On behalf of the Trustees Z4StOcr ZoZ4 Trustee 1 Trustee 2 LONDONDERRYICHRIST CHURCHIDERRYICHURCH 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 - Christ Church The 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 at a cost commensurate with the benefit to the users of the accounts and the parish. Christ Church forms part of the combined parish of Christ Church, Culmore and Muff and St Peters (CCCMSP). The rectory and parish centre for the combined parish are included in the Statement of Assets and Liabilities of St Peterfs church. (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 yearend date. 3 Reconciliation of Cash Funds Total Cash Funds at 1 January 2023 56,982 Receipts for the Year 69,899 Payments for the Year (65,253) Totsl Cash Funds at 31 December 2023 61,628 10 LONDONDERRYICHRIST CHURCHIDERRYICHURCH OF IRELAND Notes to the Accounts Continued - Year Ended 31 December 2023 4 Movement in Funds At1 January 2023 Incoming Resources Outgoing Resources Transfer At31 December 2023 Unrestricted Funds General Funds 52,408 64,008 (63,392) (1,000) 52,024 Restricted Funds No 3 Bursary Fund 4,574 5,891 (1,861) 1,000 9,604 Total Funds 56,982 69,899 (65,253) 61,628 5 Transactions with Trustees The parish paid expenses to one trustee during the year, £1,385 to Ven Robert Millar as an extra stipend. The parish paid out-of-pocket expenses of £300 to other trustees for minor running expenses. No other trustees received any remuneration or reimbursement of expenses during the year.