Banagher Parish Church Trustees, Annual Report and Statement of Receipts and Payments and Assets and Liabilities For the year ended 31st December 2023 Charity No: NIC105034
BANAGHER PARISH CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Contents Pages References and administrative details of the charity Report of The Trustecs Independent Examinerfs Report to the Trustees Receipts and Payments Account Statement of Assets and Liabilities Notes to the Financial Statements
BANAGHER PARISH CHURCH References and administrative details Charity Name: Banagher Parish Church Charity Registration Number: NIC 105034 Contact Address: c/0 Rev David Slatcr The Rectory 91 Cumber Road Claudy Co Londonderry BT47 4JA Trustees Rev David Slater Mr Henry Stevenson Mr Nigel Thompson Mr Jonathan Parkhill Ms Lesley Henry Mr John Henry Mr Ivan Smvth Mrs May Thompson Mr William Irwin Principal Office-bearers Clergy: Church Treasurer: Church Secretary: Church Warden - Clergy: Church Warden - People= Glebe Warden - Clergy: Glebe Warden - People: Rev David Slater Mr Henry Stevenson Mr Henry Stevenson Ms Lesley Henry Mr Jonathan Parkhill Mr John Henry Mr Ivan Smyth Independent Examiner Mrs Hilary Farrell 35 Meadowlands Portstewart Co Londonderry BT55 7FG Bankers Danske Bank Donegall Square West Belfast BTI 6JS
BANAGHER PARISH CHURCH RECEirrs AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2023 Notes Unrestricted 2023 Restricted 2023 Total 2023 Total 2022 Income Representative Church Body Cash Collections and Envelopes Sustentation and Donations Schoolmast¢r's Housc Rcnt and Rat¢s 10,305.52 7,807.92 840.00 3,595.80 5,715.46 4,374.00 10,305.52 7,807.92 840.00 3.595.80 5.715.46 4.374.00 9,361.99 8,708.11 500.00 3,595.80 1,600.00 4,374.00 11 Old Church Hall, Feeny Land Lettings Grave Fees Ladies, Guild Miscellaneous Total Income 1.361.60 1,361.60 2,711.33 36,711.63 111.66 156.95 28,408.51 2,711.33 35,350.03 1,361.60 enditure Diocesan Ass¢ssm¢nt for Rcctor and Outgoings 11 4.917.96 1,719.75 750.00 250.00 665.00 Share of Rectory Expcnscs Gift to Rector Gifts to Other Clergy Visiting Clergy and Rea(krs Charitable Gifts Organ Playing Organ Tuning Insurancc Rates for Schoolmasters House and Sffxton's Housc Wafrr Electricity and Oil Sexton / Grass Cutting Maintenance and Other Works Old Church Hall, Feeny Sunday School Ladies, Guild Miscellaneous Total Expenditure 4,917.96 1,719.75 750.00 250.(K) 665.00 4,184.00 1,410.83 750.00 250.00 560.00 30.00 1,300.00 2,050.00 284.50 1.842.34 1,655.36 596.76 3,fvM.S0 2,400.00 12,461.06 380.00 603.15 2,050.00 284.50 1,842.34 1,655.36 596.76 3,644.50 2,400.00 12,461.06 380.00 603.15 680.99 477.56 35.378.93 1.977.40 1.548.08 165.10 4,864.63 2,400.00 13,053,33 955.00 160.00 1.980.70 211.25 35.800.32 680.99 477.56 34.697.94 680.99 Excess of Income over Ex enditure 652.09 680.61 lJ32.70 7J91.81 The notes on pagc 6 fonn part of these financial statements and should IK read in conjundion herewith. Signed on behalf of thc Trusttts: Charity R¢stratIOn Number NIC105034
BANAGHER PAIUSH CHURCH STATEMENT OF ASSETS AND LIABILITtES AT 31 DECEMBER 2023 Unrestrieted Funds 2023 Restricted Funds 2023 Total Funds 2023 Total Funds 2022 Note Assets retained for the Parish's own use Sexton's House Schoolmaster's House Glebelands 77,500.00 115,000.00 200 000.00 77.500.00 115.000.00 200 000.00 77,500.00 115,000.00 200 000.00 Total assets retained for the Parish's own use 392.500.00 392,500.00 392,500.00 Total investment assets Church of Ireland Trustees Unit Trust Valuation Representative Church Body General Unit Trust Valuation 40,229.54 639,862.65 38,447.90 621,215.65 Total investment assets 680.092.19 659,663.55 Cash Funds Cash on hand Current accounts Investment account 435.06 635.18 435.06 14,718.98 121373.28 113.66 15,209.44 119 871.52 14,083.80 121373.28 Total cash funds 135,457.08 1,070.24 136,527.32 135,194.62 Total Assets 1,209,119.51 1,187,358.17 The notes on page 6 fonn part of these financial statements and should be r¢ad in conjunction herewith. Signed on behalf of the Trustees: Charity Registration Number NIC105034
BAP4AGHER PARISH CHURCH NOTES TO THE AccoufiTS YEAR EM)ED 31ST DECEMBER 2023 Accounting Policies Thc principal accoUntll policies applied in the preparation of the Rcceipts and Paymcnts Account and the Statcment of Assets and Liabilities are as follows: (a) Receipts and PayRients Account All itcrns of income and cxp¢nditure included within the Receipts and Pavments Account have been accounted for on a cash receipts basis. (b) Fund Accountxng Restri¢t¢d funds wniprisc income which 18 to be exnded onty on the restticted pwposes intended by the donlr. Unrestricted fi)d$ are inconK fiuxls vthiGh arc to b¢ SFMrt th¢ church's gctKral pup0. Desigiiatcd funds are g¢n¢ral fun(L8 Set &8id¢ by the trustees for use in th¢ future. (c) Ststement of Assets gnd Liabilities i) Assets retsined for the Parish's own uge The assets of the Parish retsined for its own use comprise: Iiurch Buildins and Graveyard Glebelands Parish Hall Sexton's House Schoolmastcrfs House Old Church Hall Rectory The Church Building and Graveyard deemed to be Heritage Assets as defined by the Charities SORP (FRS 102). These Heritage Assets are not included in the Statement of Asscts and Liabilities as information on the cost or valuation is not available and such inforn]ation cannot be obtsined at a cost comrnensurat¢ with the benefit to th¢ uscrs of th¢ accounts of the Parish. The PaTish owns aoxImat¢ty 31.95 acres of glebelan(Ls located around the Old Rectory. These ar¢ vest¢d in the RCB. R¢swJsibility for the maintcnance and upk¢q) of thc glthlan4Ls rests with the Selert Vcslry. Tb¢ glebclamts havc been i1)chx ID th¢ Statemert of Assets and Liabiliti¢8 at a vahJatioD plac¢d on tIKm by th¢ TTUSt¢es. Th¢ PaTish Hall. There are no reliable r¢¢ords of the cost of this building. As a result this building is not rewgnis¢d in the Stat¢ment of Assets and Liabilities. The Sexton's House and the Schoolmaster's House are on their own grounds and havc been included in the Statement of Assets and Liabilities using the capitsl valu¢s placed on them by Land & Propety Services. Banagher Parish Church algo oTrvns the Old Church Hall in F¢¢ny. Thtte ar¢ no reliabl¢ records of thc cost of this building. As a result this building is not recognised in the Statement of Aggets and Liabilities. The Rectory is owned by thc 4 Churches within the Group and has not been included in the Statement of Assets and Liabilities. ii) Investments Investments in RCB/CIT are initially recorded at cost and are then subsequently stated at fair value at each y&qr end date. Movement in fll At IstJ*n Incoming Outgoing At 31st Dec 2023 Restricted funds Ladies Guild funds 389.63 1,361.60 (680.99) 1.070.24 Unrestricted funds General funds 134,804.99 35.350_03 34,697.94 135,457.08 Total cash funds 135.194.62 36.711.63 35378.93 136,527.32 Purposes of restricted fimds Ladics Guild fimd: Thi"s is lo assist the lathes of the Parish wrth the Gosts of Gatering and sundry activities. Transactions with the Trustees The Parish paid expenses of £1.719.75 rclating to the runni sts of the Rectory which is occupied by the Rector.