AGHANLOO AND TAMLAGHTARD PARISH CHURCH Trustee's Annual Report and Receipts and Payments Account and Statement of Assets and Liabilities For the year ended 31 December 2022 Charities Number: NIC 104894
AGHANLOO AND TAMIAGHTARD PARISH CHURCH- CHARITIES NUMBER: NIC 104894 CONTEtITS Pwls> References and administrative details of the Charity Trustees, report Independent Examiner5 Report to the Tru5tee5 Receipts and payments account Statement of Assets and Liabilities Notes to the financial statements 10-13
AGHANLOO AND TAMLAGKfARD PARISH CHURCH- CHARITIES NUMBER: NIC 104894 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 REFERENCES AND ADMINISTRATIVE DETAILS Charity Name: Aghanloo and Tamlaghtard Parish Church Charity Registration Number: NIC 104894 Contact Address- Aghanloo and Tamlaghtard Parish 115 Drumsurn Road Limavady Co. Londonderry 8T49 OPD TRUSTEES ISELECT VESTRY) Rev Rhys Jones Iris Smyth Brian Robinson William Moore Hugh Smyth Elizabeth Scott Albert Mullan Margaret Mullan Brian Smyth Audrey Moore Heather Baird Eddie Conn Nicola Clyde Alice Conn Samuel Clyde John Clyde Patricia McGrana8han Robert McGranaghan William Mccausland Robert Kelly Mlchael Sellers Rebecca Cuckoo Collette Cuckoo PRINCIPAL OFFICE-8EARERS Rector: Treasurer.. Secretary.. Rector's Churchwarden - Aghanloo.. Rector's Churchwarden - Tamlaghtard: People's Churchwarden- Aghanloo.. People's Churchwarden- Tamla8htard.. Rector's Glebewarden.. Supplementary Glebewarden Rev Rhys Jones Irls Smyth Elizabeth Scott Margaret Mullan Brian Robinson William Moore Patricia McGranaghan Wllliam Mccausland Albert Mullan INDEPENDENT EXAMINER Mark Riley Bsc (Honsl ACA BANKERS Danske Bank 46 Catherine Street Limavady Co Londonderry BT49 9DB
AGHANLOO AND TAMLAGHTARD PARISH CHURCH- CHARftlES NUMBER: NIC 104894 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 202Z The trustees present the annual report and statements of Receipts and Payments and Assets and Liabilities for Aghanloo and Tamlaghtard Parish Church Limavady. for the year ended 31 December 2022. Charlty Purpose and Activltles The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of the Aghanloo and Tamlaghtard 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, evan8eli5tlC, Social and ecumenical. Being open to and en8a8in8 Wlth society as a whole and offering support for those needin8 help are fundamental to the practical delivery of the benefits of Christianitv. As a result of activity in the pursuit of the advancement of the Christian religion. the Aghanloo and Tamlaghtard Parish Church has custody of property and of record5, materials and artefacts of significance to the cultural and rellgious heritage and maintenance of which is undertaken by the Select Vestry of the Aghanloo and Tamlaghtard Parish Church. Achlevements, Performance & Publlc Benefit A8hanloo and Tamlaghtard Parish Church provides weekly services of Morning Prayer along wlth Holy Communion, Baptisms, Weddings, Funeral Servlces and Pastoral Support. We hold Sunday School each week for the children alongside the morning servlce. Durin8 the year, Aghanloo and Tamlaghtard Parish Church held thelr annual Harvest Thanks8ivin8 Service, Orange Service and joint 5ervlce5 for Easter and Christmas wlth it5 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 Unlon, Horseshoe Fellowship, Monday Club, Bible Study, and Knit and Natter. These activitie5 fulfil our objective and charitable purpose and have provlded public benefit. Through our activitie5 we aim to contrlbute not only to the spiritual well-being of people but their physical, practical, social and emotional needs also. We have mltigated any potential harm from the activities l.e. we uphold the standards of the Church of Ireland's Child protection policy- Safeguardin8 Trust. Flnanclal Revlew Financial reports are revlewed throughout the year and the year-end financial report is approved by the Trustees at the Easter Vestry. The Parish income for the year ended 31 December 2022 wa5 £45,478 with outgoings of £39,598 resulting in a surplus of £5,880, increasing the total cash funds held at 31 December 2022 to £66,849. Aghanloo & Tamlaghtard Parish Church also hold5 investment a55ets totalling £129,0. Goin8 Concern The Trustees have reviewed the plans for the year ahead and are 5at15fied 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 event5 and conditions, and they have determined that they do not create a material uncertainty that cast5 signlficant doubt upon the Parish's ability to continue as a going concern.
AGHANLOO AND TAMLAGtrrrARD PARISH CHURCH- CHARITIES NUMBER: NIC 104894 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Strurture. GovernarKe and fvlanagement rjoverning Document and Constththn ol the tharfty Chapter111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charlty Trustees. Recruitment andAppolntment of Selert Ve5ty (Trustees) All members of the Church of Ireland who are over the age of 18 and are either resident wlthin 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, allowlng 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 gnd remuneratfon The payment of salary and remuneration is determined by the Church Of Ireland Office. Orqanlsatlonalstructure The Select Vestry is responsible for the day to day mana8ement of the parlsh. The Select Vestry consists of the Rector serving in the parish, the churchwardens. the 8lebe wardens and generally not more than sixteen 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 includlng decidlng 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 tlme by the chairperson or the church wardens. In 2022 the Select Vestry met three times during the year and the average attendance was 100%. Compllance wlth Publlc Beneflt The Parish has glven careful conslderation to the Charity Commission for Northern Ireland's 8uidance 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 beneflt. Statement OA fru5tees' Responslbllltles The trustees are responsible for preparlng the Trustees, Report and the Statement of Receipts and Payments and Statement of Assets and Llabilities 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 Payment5 and a Statement of Assets and Liabilities for each financial vear.
AGHANLOO AND TAMIAGkttARD PARISH CHURCH- CHARMES NUMBER: NIIC 104894 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 The trustees are responsible for keeping accounting records that are sufficient to show and explain the Parish's transactions and disc105e with reasonable accuracy at any time the a55ets 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 frèud and other irregularities. Signed on Behalf of the Trustees by: RECTO TREASURER Date ...
AGHANLOO AND TAMLAGHTARD PARISH CHURCH- CHARITIES NUMBER: NIC 104894 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 In*pendent Exumlners Report to the Trustees oAAghonloo a Tqmloghtonl Parish Church I report on the accounts of the Trust for the year ended 31 December 2022, which are set out on pages 8 to 13. Respertive responslbi1itS of chorty tntee$ ond 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 Commlssion under section 6519llbl of the Charities Act state whether partlcular matters have come to my attention. 8asls oAlndependent exomlnerfs report I have examined your charity accounts as required under sectlon 65 of the Charities Act and my examinatlon was carried out in accordance with the 8eneral Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act. My examinatlon Included a revlew of the accounting records kept by the charlty and a comparison of the accounts presented with those records. It a150 Included consideration of any unusual items or dlsclosures in the accounts, and seeking explanatlons from you as charlty trustees concernin8 any such matters. My role is to state whether any material matters have come to my attentlon giving me cause to believe.. l. That accounting records were not kept In accordance with sectlon 63 of the Charities Act That the accounts do not accord with those accountln8 records That the accounts do not comply with the accountin8 requirements of the Charities Act That there Is further irbformatlon needed for a proper understandln8 of the accounts to be reached. Independent Exomlner's Stotefflent I have completed my examinatlon and have no concerns in respect of the matters I to 4 Ilsted above and in connection with following the dlrections of the Charity Commission for Northern Ireland, I have found no matters that requlre drawing to your attention. LS Mark Rlley Bsc (Hons) A Date 45 Newllne Road Llmavady BT49 9NF
AGHANLOO AND TAMLAGHTARD PARISH CHURCH- CHARITIES NUMBER: NIC 104894 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2022 Unrestrlrted Funds Re5trlrted Funds Totsl Totsl 2022 2022 2022 2021 Not• Donations and plate collertlon Bishops Appeal Glft Aid Special CdlectlonslMi$slonary Interest 22,194 Z2.194 22,017 90 1774 509 67 14,522 1,774 747 238 67 14,521 6,173 68 29,688 5,983 Other recelpts RC8 Income 6,173 39.067 6.411 45.478 58.532 Dlocesan Assessment Vistlng Speakers Organlst Dlocesan Reader Sunday School Expenses Pflntln8 Expenses Church Runnln8 Expenses Chartty Donatlons Event Empenses Par4sh Expenses Isharel bank Charges Other ExFenses 23,973 711 23.973 711 23,275 216 20 1,306 iio 1,306 IID 893 6,345 6.34S 3,880 333 io) 4,863 S68 144 3,766 224 2,452 144 3,766 214 io 2,452 5.935 39,029 568 39,598 39.599 of r•£el Sl8ned as approved on behalf of the Trustees by: REcr TREASURER Date . ..IC).13
AGHANLOO AND TAMLAGHTARD PARISH CHURCH-CIIARITIES NUMBER: NIC 104894 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 STATEMENT OF ASSETS AND LIA81LITIES AS AT 31 DECEMBER 2022 Unrestrlcted Funds 2022 Restrlcted Funds Total Total 2012 2022 2021 Note Cash funds Current Account 27.160 1.651 14,605 23,434 27,160 1,651 14,605 23,434 28,961 2,052 8.370 21,585 No 2 Account No 3 Account No 4 Account Total Cash Funds 66,849 66,849 60,969 Investment assets Glebe House - Aghanloo Chalice 105,000 26,000 105.000 26,000 105.000 I Investrnent Assets 131,000 131,000 105,000 Assets held for ParSsh's own use Rectory Total Assets 66,849 131.000 197,849 165,969 Total Charlt Funds 66,849 131,000 197,849 165,969 Sl8ned as approved on behalf of the Trustees by: REcro TREASURER Date .... .2o.L
AGHANLOO AND TAMLAGTrffARD PARISH CHURCH-CHARMES NUMBER: NIC 104894 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAI STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 l. AccouThtinK polit*s Set out below are the principal accountlng policles whlch have been adopted in the compilation of the Reteipts and Payments Account and the Statement of Assets and Liabllltles.. lal Recelpts and Payments Account As total income is less than É2SOk the Trustees have elected in accordance with the Provisions of The Charitie5 (Accounts and Reports Regulations INorthern Ireland) to prepare its attounts on a cash receipts basis Ibl Classlflcatlon of Funds Funds are classlfied as either restrlcted funds or unrestricted funds, defined as follows: Restricted funds are funds sublect to speclfic requlrements as to their use whlch may be declared bv the donor or with their authority or created through legal processes, but stlll within the wlder oblects of the Parish,. Endowment funds are funds which have been given on the conditlon that the orlginal capbtal sum Is not reduced, but the income there from is used for the purpose defined in accordance wlth the objects of the Parish,. and Unrestricted funds are expendable at the dlscretion of the trustees in furtherance of the objects of the charity. If part5 of the unrestricted funds are earmarked at the dsscretlon 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 restrlct the trustees. dlscretlon to apply the fund. 1¢) Statement of Assets and Llabllltles InvestmentAssets The Glebe House located at 69 Aghanloo Road, 'm1vadY is re¢ogn15ed at costl deemed cost. being the estlmated falr value of the property at 31 December 2022. No depreclation has been provlded on the Glebe House as the current estimated residual value Is not less than Its carryin8 value. The Glebe House is held by the Trustees of Aghanloo and Tamlaghtard Parish Church. The Chalice, a cup historically used by Tamlaghtard Parlsh Church to hold the sacramental of wlne durln8 sl8nlflcant ceremonles such as the Holy Communlon was valued in the year ended 31 December 2022. It was a8reed by the Trustees of Aghanloo and Tamla8htard Parlsh Church to reco8nlsed the Challce at costl deemed cost, belng the estlmated faSr value of the asset at 31 December 2022, following a re- valuation during the year. No depreclotion ha5 been provided on the Chalice as the current estlmated resldual value is not less than Its caTrylng value. The Challce Is currently on dlsplay In St Columb's Cathedral, Londonderry. Assets retolnedAor the Parlsh's own use The assets of the Parlsh. retalned for Its own use comprlse- Tamlaghtard's Church BulldSng and Graveyard Aghanloo's Church Buildlng Rectory The Church Building5 and Graveyard are deemed to be Heritage assets as defined by the Charltles SORP IFRS1021. 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 informatlon cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish. The Rectory Is recognlsed at cost. being the estimated faSr value of the property at 31 December 2022. No deprecSatlon has been provided on the Rectory as the current estlmated residual value is not le55 than it5 carrying value and remalnlng useful Ilfe currently exceeds 50 years. Ultlmate control of the Rectory Is held In the followlng proportlons between the Trustees of the three sister Parishes: Balteagh Parish Church130%1- Carrick Parish Church130%1,' and Aghanloo & Tamlaghtard Parish Church140%1 No asset value is included in the Statèment of Assets and Liabilities for Aghanloo and Tamlaghtard as the value is recognised in Balteagh Parish Church.
AGHANLOO AND TAMLAGHTARD PARISH CHURCH-CHARMES NUMBER: NIC 104894 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 l. Reconciliation of Cash Funds Current Account No 2 Account No 3 Account No 4 Account Total Opening balance at l January 2022 28,961 2.052 8,370 21,585 60,9 Income Expendlture 3S,108 136.9101 6,469 12341 45,478 139,5981 16091 11,8461 Closlng balance at 31 December 2022 27.160 1.651 14.605 23,434 66,849 3. Donatlons and plate collertlon Total Funds 2022 2021 FWO & Plate Collection Donatlons Glft Day Collectlon 21,023 26 17,977 1,14S 22,194 22,017 4. Speclal Collectlonslmlsslonary Total Funds 2022 2021 227 127 loo Harvest- Service Aemembrance- Servlce (Restrlctedl CMS Lent Prolect Sale Bucket (Restricted) Good Friday Collection Commonwealth War (Restrictedl Conflrmation Collection (Restricted) 277 132 loo 232 233 747 5. Other Recelpts Totsl Funds 2022 2021 14,848 4,700 2,2SO Vacancy Aelund Lettlng of Glebe Land Oonatlons In Lleu Oonatlons/Fundralsln8- Tamla8htsrd Oonatlons/Fundraisin8- Aghanloo RC8 Speclal Oivldend CIT 2,3SO 520 5.074 3,673 76 80 Grave Registration, openlng & headstone erection Tamlaghtard roof repalr donatlon Transfers Men's shed Chri5tma5 Bauble5 21JJ 750 500 982 1,578 3,000 351 Derry & Raphoe Covld Recovery Grant Co-operation Ireland Grant 793 2,485 14,522 29,688
AGHANLOO AND TAMIAGHTARD PARISH CHURCH- CHARITIES NUMBER: NIC 104894 ANNUAL REPORT ANO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 6. Church Ruming Costs Totsl Funds 2022 1,078 196 54 899 115 2021 1,596 90 54 Power Nl s Fire Safety Insurance 860 108 Nl Water Repalrsl MaintenancelMi5cellaneous Tamlaghtard Church Repalrs Hedge Cutting14 year51 Ra*5- Glebe House 732 273 1,995 877 899 6.345 3.880 7. Charlty Donatlon5 Total Funds 2022 2021 Monles to Seafarers. Harvest (Restrlctedl CM5 Sale Bucket5 IRe5trictedl Conftrmatlon Collectlon- Derry & Raphoe Diocesan Office IRe5trictedl M51- Harvest IRestrlctedl Blshop5 Appeal IRestrictedl RBL Poppy Appeal (Restricted) Intercom CH Society (Restrlctedl 63 157 100 233 69 90 127 63 568 332 8. Event Expenses Total Funds 2022 1021 loo Exodus Youth Club jubilee Tea Carol SeNice Harvest Expenses 100 19 2S 144 9. Parlsh Expenses (Share) Details of the shared expenses are as follows: Shared Expense5 2022 2021 Office Expenses Electricity Insurance 437 1,105 589 2,378 877 1,535 564 902 544 1.287 1.726 2.616 416 Rates Rectory Repairs and Maintenance 8T Printing Shared Parish C05t5 1,280 538 608 673 9,303 8.772 Aghanloo and Tamlaghtard Parish Church contributed £3,766 in the year ended December 2022 and £4,863 in the year ended December 2021 in relation to the above expenses.
AGHANLOO AND TAMLAGHTARD PARISH CHURCH- CHARITIES NUMBER: NIC 104894 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 IIX Other Expenses Total Funds 2022 2021 Transfers Co-operation Ireland Grant Architect Fees Gifts within Parish Donations in Lieu Hire of EGV Hall David Thomas - Valuation of Challce 982 3.000 2.485 450 890 330 160 30 2,452 5,935 11. Transartlons wlth the Trustees No trustee received any remuneratlon durlng 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 durin8 the year.