Bovevagh Parish Church Dungiven/St Eugenlus'/DerrylChurch of Ireland Tru5tees' Annual Report and Statement of Receipts and Payments and Assets and Liabilities For the year ended 31. December 2023 Charities Number: NIC104871 Bovevagh Parish Church Annual report and financial statements for the year ended 31, December 2023 Contents Pages References and administrative details of the Charity Trustees, report Independent Examiners Report to the Trustees Receipts and payments account Statement of assets and liabilities Notes to the financial statements 10-12 Bovevagh Parlsh Church References and administrative details Charity Name: Dungiven/St Eugenius'/Derry/Church of Ireland Charity Registration Number: NIC104871 Contact Address.. Mark Riley 45 New Line Road Limavady BT49 9NF Trustees (Selert Vestrv) Rev Mark Loney, Athline Simpson, Olive Simpson, Billy Mullan, David Steele, Katrina Roxborough. Andrew Wilson, David Wilson, Angela Young, William Youn& Heather Mullan, Mark Roxborough, Beverly Steele, Harry Steele, Daniel Crawford, Jonathan Wilson, Richard Wilson. Principal Offlce-bearers Minister.. Treasurer: Rev Mark Loney Mark Riley Jonathan Wilson Angela Young Olive Simpson Jonathan Wilson Secretary: People's Church Warden.. Rector's Church Warden: Rector's Glebe Warden.. Independent Examlner Dr R I Peters Gallagher, OBE, FCA Moore IN.I.I LLP Waterford House 32 Lodge Road Coleraine BT52 INB Bankers Danske Bank 46 Catherine Street Limavady Co Londonderry BT49 90B Bovevagh Parish Church 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 Bovevagh Parish Church for the year ended 31, December 2023. Objectives and Activltles The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of Bovevagh Parish Church is to support the advancement of the Christian religion bv 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 a5 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, Bovevagh Parish Church has custody of property and of records, materials and artefacts of signif icance to the cultural and religious heritage and maintenance of which is undertaken by the select vestry of the Bovevagh Parish Church. Achievements, Performance & Public Benefit As well as providing Services of public worship and prayer, the Parish provides pastoral care, mission and outreach work and supports various parish groups, including Girls Brigade, Scouts, Cubs, Beavers, Squirrels, Mothers, Union and Bowling clubs. These are all open to the general public and the various activities are the means by which Christian witness and outreach are delivered. Parish activities provide benefit to the beneficiaries - benefits of public worship will include contributing to spiritual well-being of participants and the reinforcement of Christian values. The select vestry have mitigated any potential harm from the activities by implementing Safeguarding Trust and we have child protection and fire safety policies in place. Financlal Revlew The Receipt5 and Payments Account on page 8 show a surplus for the year of £24,05312022'. surplus of £6,2101. 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. Bovevagh Parish Church Trustees, Annual Report for the year ended 31, December 2023 Icontlnuedl Structure, Governance and Management Governing Document and Constltution of the Charlty 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 subscribing 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 Stipend is not paid directly to the incumbent from the church. The church pays a parochial assessment to the diocese, who then pay a stipend to the incumbent. Organisatlonol 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, the churchwardens, 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. 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 churchwarden5. In 2023 the Select Vestry met 9 tirnes durlng the year, including l AGM, and the average attendance w35 12. 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 actives entered into during the year have helped to achieve the Parish's objectives and activities, as well as providing public benefit. 8oveva8h Parlsh Church Trustees, Annual Report for the year ended 31￿ December 2023 Iconllnued) Statement af Trustees, Responslbllltles The trustees are responslble for preparlng the Trustees, Report and the statement of recelpt5 and payments and statement of assets and liabllltles In accordan¢È wlth appll¢able law and re8ulatlons. The law appllcable to charitles In Northern Ireland wlth Income of less than £250,000 requlres the trustees to prepare a Statement of receipt5 and payments and a statement of assets and Ilabilitle5 for each flnanclal year. The (rustees are responsible for keepin8 accounting records that are sufficient to show and explain the Parish's transactions and disclose with reasonable accuracy at any time the assets and Ilabllitles of the Parlsh. They are also responslble for safeguarding the a55et5 of the Parlsh and hence for takln8 reasonable steps for the preventlon and detection of fraud and other irregulèritles. Slgned on Behalf of the Trustees Rev Mark Lonèy, Rector MT. Jonathan Wllson, Secretary