Banagher Parish Church Trustees, Annual Report and Statement of Receipts and Payments and Assets and Liabilities For the year ended 31st December 2024 Charity No: NIC105034 BANAGHER PARISH CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Contents Pages References and administrative details of the charity Report of The Trustees Independent Examiner's Report to the Trustees Receipts and Payments Account Statement of Assets and Liabilities Notes to the Financial Statcmcnts BANAGHER PARISH CHURCH References and administrative details Charity Name: Banagher Parish Church Charity Rcgistration Number: NIC 105034 Contact Address: c/0 Rev David Slater 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 Smyth Mrs May Thompson Mr Nigel Miller 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 Mr Jonathan Parl(hill Mr Nigel Miller 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 PAIUSH CHIJRCH RECEIFTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2024 Notes UnrcstrÈcted 2024 Restritted 2024 Total 2024 Total 2023 Income Representative Church Body Cash Collections and Envelopes Sustentation and Donations Schoolmaster's House Rcnt and Ratcs Old Church Hall, Feeny Land Lettings Grave Fees Ladies, Guild Miscellaneous Total Income 8,674.31 10,622.90 3.060.00 3,595.80 5,109.00 4,374.00 8.674.31 10,622.90 3,060.00 3,595.80 5,109.00 4,374.00 10,305.52 7.807.92 840.00 3,595.80 5.715.46 4,374.00 3.545.49 3.545.49 2,030.05 41,011.55 1.361.60 2,711.33 36,711.63 2,030.05 37,466.06 3,545.49 nditure Dioc¢san Asscssmcnt for Rectoi and Outgoings Share of Rcctory Expenscs Gift to Rector Gifts to Other Clcrgy Visiting Clergy and Readcrs Charitable Gifts Organ Playing Organ Tuning Insurance Rates for Schoolmast&s House and Sexton's House Water Electricity and Oil Sexton / Grass Cutting Maintenance and Other Works Old Church Hajl. Feeny Sunday School Ladies, Guild Miscellaneous Total Expenditure 7.695.40 1,474.05 750.00 250.00 809.60 7,695.40 1,474.05 750.00 250.00 809.60 4,917.96 1,719.75 750.00 250.00 665.00 2,000.00 293.40 3,120.84 1.744_13 1.377.53 4,144.55 3,420.00 1,299.96 2,0(Kl.00 293.40 3,120.84 1.744.13 1,377.53 4,144.55 3,420.(M) 1,299.96 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 35,378.93 146.47 146.47 1,037.91 536.49 30,100.33 1,037.91 536.49 29,062.42 1,037.91 Excess of Income over Ex enditure 8,403.64 2,507.58 10,911.22 lJ32.70 Th¢ notes on page 6 forni part of these f￿￿]CIal s￿￿ements and should be read in conjunction hcrewith. SI￿1¢d on behalf of th¢ Trust¢cs: Charity Registration Number NIC105034 BANAGHER PARISH CHURCH STATEMEIYT OF ASSETS AND LIABILITIES AT 31 DECEMBKR 2024 Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 Note Assets retsined for the Parish's own use Scxton's Housc SchoolmasteVs House Glebelands 77,500.00 I 15,000.00 200 000.00 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 Rcprescntative Church Body General Unit Trust Valuation 44,105.65 651,742.59 40,229.54 639,862.65 Total investment assets 695,848.24 680,092.19 Cash Funds Cash on hand Current accounts Investment account 0.06 3,577.76 0.06 24,044.56 123 393.92 435.06 14,718.98 121373.28 20,466.80 123 393.92 Total cash funds 143,860.72 3,577.82 147,438.54 136,527.32 Total Assets 1,235,786.78 1,209,119.51 The notes on page 6 forni part of these financial statements and should be read in ¢onjunction herewith. S1￿cd on behalf of the Trustees: Charity Registr tion Numbcr NIC105034 BANAGHER PARISH CHURCH NOTES TO THE ACCOUNTS YEAR EP4DED 31ST DECEMBER 2024 Accountin2 Policies The principal acLounting poliLies applied in the preparation of the ReLeipts and Payments Accuunt and the Statement of Assets and Liabilities are as follows: (a) Receipts and Payments Account (b) All itcms of incomc and expcnditure includcd within thc Rcccipts and Payments Account havc becn accounted for on a cash rcceipts basis. Fund Accounting Restricted funds coinprise incoine which is to be expended only on the restricted purposes intended by tlie donor. Unre£triLted funds are income funds which are to be spent on the church's gencral purposes. Designated fundAi are general funds set a,49ide by the trustees t.or use in the tuture, (c) Statement of Assets and Liabilitie5 i) A55ets retained for the Parish's own use Tlie &ssets of the Parish retained for its own use comprise: Church Building and Ciraveyard Glebelands Parish Hall Sexlon's House Schoolmaster's Housc Old Church Hall Rcctory Tl)e Churcli Building and Graveyard are deemed to be Heritsge Assets as defined by the Charities SORP (FRS 102). These Heritage Assets are not included in tlie Stateinent of A,ssets and Liabilitie.s as inforniation on tlie cost or valuation is not available and sucli inforniation cannot be obtained at a cost coininensurate with the benefit to the users of the accounts of the Pari.sh. The Parish ()wns appr()ximately 31 .95 acres of glebelands J()cated draund the Old Rect()ry. These are vested in the RCB. Re.sp()n.4ibi lity for the maintenance and upkeep of the glebelands rest4> With the Sel¢ct Vestry, The glebeldnds have been included in the St