CARRICK 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 105077 CARRICK PARISH CHURCH - CHARITIES NUMBER: NIC 105077 coNri ENTS Page(s) References and administrative details of the Charity Trustees. Report Independent Examiners Report to the Trustees Receipts and Payment5 Account statement of Assets and Liabillties Notes to the Financial Statements 10-13 CARRICK PARISH CHURCH -CHARITIES NUMBER= NIC 105077 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 REFERENCES AND AOMINISTRATIVE OETAILS Charity Name.. The Carrick Parish Church Charity Registration Number.. NIC 105077 Contact Address.. Carrlck Par15h Offlce 13 Tyler Avenue Limavady Co Londonderry BT47 4RG TRUSTEES {SELECT VESTRY Rev Rhys Jones Kenneth Mccaughey Albert McDonald Noel Crawford Willlam Moore Margaret Mc5parron Alistalr Mcsparron Cindy Fowler Jim Thompson Orla McDonald Betty McDonald Anne Gordon Hannah Dlckson Elizabeth Dickson Olive Kearney George Stewart David Cooper PRINCIPAL OFFICE-BEARERS Rector.. Treasurer.. Asslstant Treasurer: Secretary.. Rector's Churchwarden-. Rector's Glebewarden.. People's Churchwarden.. People's Glebewarden.. Rev Rhys Jones Anne Gordon Elizabeth Dlckson Margaret Mcsparron Hannah Dickson Wllllam Moore Orla McDonald Geor8e Stewart INDEPENDENT EXAMINER Mark Riley Bsc IHonsl ACA BANKERS Danske Bank 46 Catherlne Street Limavady Co Londonderry BT49 9DB CARRICK PARISH CHURCH - CHARITIES NUMBER: NIC 105077 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 315T DECEMBER 2022 The trustees present the annual report and statements of Receipts and Payment5 and Assets and Liablllties for Carrick Parish Church. Ballyquin Road, Limavady for the year ended 31 December 2022. Charity Purptsse and Activltles The (haritable purpose of the Church of Ireland is the advancement of religion. The principal function of the Carrick Parish Church is to support the advancement of the Christian rellglon bv promoting, through the work of the parish, the whole mission of the Church. pastoral. evange115tic, social and ecumenical. Being open to and engagin8 With society as a whole and offering support for those needing help are fundamental to the practlcal delivery of the benefits of Christianitv. As a result of activity in the pursuit of the advancement of the Christian reli8ion. the Carrick Parish Church has Custody of property and of records, materials and artefacts of significance to the cultural and religiou5 heritage and malntenance of whlch15 undertaken by the Select Vestry of the Carrick Parish Church. Achlevements, Performance & Publlc Beneflt Carrick Parlsh Church provides weekly servlces of Morning Prayer along with Holy Communion, Baptisms. Weddings, Funeral Services and Pastoral Support. We hold Sunday School each week for the children prior to the mornln8 service. Durin8 the year, Carrick Parish Church held their annual Harvest Thanksgiving Service, Orange Service and joint services for Easter and Chrlstmas with Its sister parishes which were well supported by the parishioners of the church and vlsitors. We have numerous groups and clubs running In our parish which cater for all ages and interests, such as Mother's Union, Horse Shoe Fellowship. Monday Club, Bible Study, and Knit and Natter. These activities fulfil our objective and charitable purpose and have provlded public benefit. Through our activities we aim to contrlbute not only to the spiritual well-beln8 of people but thelr physical, practical, social and emotlonal needs also. We have mitigated any potential harm from the actlvitles l.e. we uphold the standards of the Church of Ireland's Child protection policy- Safeguarding Trust. Flnanclal Revlew Flnanclal reports are revlewed throughout the year and the year-end financlal report is approved by the Trustees at the Easter Vestry. Total receipts of £47,356 for the year ended 31 December 2022 were more than total payments of £29.879, a surplus of £17,476, thereby increasing the total cash funds held as at 31 December 2022 to £61,988. Carrick Church 3150 holds investment funds of £14,804. Golng Concern The Trustees have reviewed the plans for the year ahead and are satisfied that there are adequate funds In place to ensure that the Parlsh can continue its activities. Furthermore, the Trustees have considered the consequences of the current economic climate and other events and conditions, and they have determined that they do not create a material uncertainty that casts significant doubt upon the Parish's ability to continue as a going concern. CARRICK PARISH CHURCH - CHARITIES NUMBER: NIC 105077 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Structure, Governance and Management Govemlng Document aftd Constitutlon ofthe Charlty Chapter111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charlty Trustees. Recruitment andApwJintment oASelect Vestry lyn￿tee$l 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 re8lSter 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 thelr posltions for a period of one year. Select Vestry members may be re-elected annually and there is no limit on the number ofterms which may be served. Poy and remunerotlon The payment of salary and remuneration is determined by the Church Of Ireland Offlce. Orgonlsatlonul Strurture The Select Vestry is responslble for the day to day management of the parlsh. The Select Vestry conslsts of the Rector serving In the parish, the churchwardens, the glebe wardens and generally not more than slxteen other members of the General Vestry elected at the Easter Vestry. The Select Vestry is chalred by the incumbent. Select Vestry members are responslble for maklng declsion5 on matters of general concern and importance to the parish including deciding on how parish fund5 are to be applied. The Select Vestry meet at tlme5 fixed by the members or by the dlocesan synod. Special meetings may be convened at any time by the chairperson or the church wardens. In 2022 the Select Vestry met on three occasions during the year and the avera8e attendance was 90%. Compllonce wlth Public Beneflt The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities entered into durin8 the year have helped to achieve the Parish's objectives and activities. as well as providin8 public benefit. Stotement OA Trustees, Responslbilltles The trustees are responslble for preparlng the Trustees, Report and the Statement of Receipts and Payments and Statement of Assets and Liabilities In accordance wlth applicable law and regulations. The law applicable to charities in Northern Ireland with Income of le55 than £250,000 requlres the trustees to prepare a Statement of Receipts and Payments and a Statement of Asset5 and Liabilities for each financial year. CARRICK PARISH CHURCH- CHARITIES NUMBER: NIC 105077 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 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 by: RE OR EASURER Date . lo lols CARRICK PARISH: CHURCH- CHARITIES NUMBER= NIC 105077 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Independent Examiner5 Report to the Trustees of Carrlck Partsh Church I report on the accounts of the Trust for the year ended 31 December 2022, which are set out on pages 8 to 12. Respertive responslbllitles of thorlty tnlstees ond exomlner As the charlty's trustees you are responsible for the preparation of the accounts in accordance wlth the Charities Act INorthern Ireland) 2008. It is my responsiblllty to.. examine the accounts under section 65 of the Charities Act • follow the procedures laid down in the 8eneral Directions given by the Commission under section 6519llbl of the Charities Act state whether partlcular matters have come to my attention. 8osis of independent exomlnerfs ieport I have examined your charity accounts as required under section 65 of the Charitles Act and my examination was carried out in accordance with the general Direction5 given by the Charity Commission for Northern Ireland under sertion 6519llbl 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 di5c105ures in the accounts, and seeking explanations from you a5 charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to belleve.. + That accounting records were not kept in accordance with section 63 of the Charitles Act • That the accounts do not accord with those accounting records • That the account5 do not comply with the accountlng requirements of the Charities Act • That there is further Information needed for a proper understanding of the accounts to be reached. Independent Exomlner's Stotement I have completed my examination and have no concerns In respect of the matter5 1. to 4. listed above and in connection with followln8 the directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. 12110 z2 Mark Rlley Bsc (Ho Date 45 Newllne Road Umavady BT49 9NF CARRICK PARISH CHURCH - CHARITIES NUMBER: NIC 105077 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted Funds 2022 Restrirted Funds 2022 Total Total 2022 2021 Note Recel Donatlon5 and plate collection Bishops Appeal Proceeds from fundralsln8 events Glft Ald Other fecelpts Share of Parlsh expenses Interest 22,088 4,916 27,ClJ4 26,928 104 11,139 11,139 3,500 4,744 956 13 2,664 14,181 476 2,734 956 2,010 13 31 29,290 18,065 47,3S6 44.384 en Olocesan Assessment Vlstln8 Speakers Organist Diocesan Rèader Sunday School Expenses Church ftunnlng Expenses Chaflty Donatlons Parlsh Expenses Isharel Bank Charges Other Expenses 19,161 200 940 450 178 2,983 19,161 200 940 450 178 2,983 130 3,503 185 2,149 18,603 100 760 425 2,322 320 2,738 116 4,448 130 3,503 IBS 2,149 io 130 ents 459 Slgned as approved on behalf of the Trustees by: REcr TREASURER Date . CARRICK PARISH CHURCH - CHARITIES NUMBER: NIC 105077 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2022 Unre5trirted Fund5 2022 Re5trlcted Funds 2022 Total Total 2022 2021 Note Cash funds Current Account 8uildln8 Fund 13,372 13,372 48,616 11,922 32,590 48,616 Total Cash Fund 13.372 48,616 61,988 44.512 Investment a55etS Investment Account 14,804 14,804 14.803 A ets held for Parish'5 own use Rectory Total 13,372 63,420 59,315 Slgned as approved on behalf of the Trustees by". REcro TREASURER Date. 2011 CARRICK PARISH CHURCH- CHARrtlES NUMBER: NIC 105077 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 l. Accounting policies Set out below are the principal accountlng pollcies whlch have been adopted in the compilation of the Receipt5 and Payments Account and the Statement of A55et5 and Liabilitie5'. la) Recelpts and Payments Account As total income is less than £250k the Trustees have elected in accordance with the Provisions of The Charlties (Accounts and Reports Re8ulatlons (Northern Ireland) to prepare its account5 on a cash recelpts basis. (bl Classlflcatlon of Funds Funds are classified as either restricted fund5 or unrestricted funds, delined as follow5.. Restrlcted funds are funds sublect to speclfic requlrements as to thelr use which may be declared bv the donor or wlth thelr authorlty or created through legal processes, but still within the wider oblects of the Parish,. Endowment funds are funds which have been given on the conditlon that the origlnal capital sum is not reduced, but the Income there from 15 Used for the purpose deflned in accordance with the object5 of the Parlsh; and UnTestrlcted funds are expendable at the dlscretlon of the tTU5tees in furtherance of the objects of the charity. If parts of the unrestrlcted funds are earmarked at the dlscretlon of the trustees for a particular purpose, they are deslgnated as a separate fund. Thls deslgnatlon has an adminlstratlve purpose only and does not legally restrlct the trustees, dlscretlon to apply the fund. 1¢) Statement of Assets and Llabllltles Assets retalnedlor the Parlsh's own use The a55ets of the Parish, retained for it5 own use comprise'.- Church 8uilding Rectory The Church Building 15 deemed to be Heritage a55ets as defined by the Charities SORP {FR51021. These Heritage asset5 are not included in the Statement of Assets and Liabilitie5 a5 information on the c05t 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 to the parish. The Rectory is recognised at cost, being the estimated fair value of the property at 31 December 2020. No depreciation ha5 been provided on the Rectory a5 the current estimated residual value is not le55 than it5 carrying value and remaining useful life currently exceeds 50 year5. Ultimate control of the Rectory is held in the following proportions between the Trustees of the three sister Parishes: Balteagh Parish Church130%1' Carrick Parlsh Church130%1' and Aghanloo & Tamlaghtard Parish Church140%1 No asset value is included in the Statement of Assets and Liabilities for Carrick as the value is recogni5ed in 8alteagh Parish Church. CARRI,CK PARISH CHURCH- CHARITIES NUMBER: NIC 105077 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 2. Reco￿11[a,t1Qn of Cash Funds Current )xcount Building Fund Total Opening balance at I january 2022 11.922 32,590 44,512 Income Expenditure 29,394 20,290 49.684 C105in8 balance ot 31 Decelnber 2022 13,372 48,616 61,988 3. Donatlons and plate follectlon Total Funds 2022 2021 Freewlll Offerlng and Collection Freewlll Offering and Collection (Restrlctedl RCB Distrlbution IRestrictedl 8equests Donations Iweddlngs & in lieu) 22,034 4,566 54 350 18,082 4,005 51 4,789 Total 27,004 26,928 4. Proceeds from fundralsln8 events Total Funds 2022 2021 Carrick Parish Donation Cards McCau8hey Family Donation from 2nd Tlme Around Sale" Carrick Parish Weddin8 Dress Festival Men's Shed Christma5 Bauble - Carrick 7,088 2,001 1,905 145 11,139 5. Other Recelpts Total Funds 2022 2021 Co-operatlon Ireland Grant Vacancy Refund WHSCT Garfield Weston Foundation Grant for Organ (Restrlctedl RC8 Covid Grant 2,313 11,868 loo 2,000 2.010 634 4,744 14,181 CARRICK PARISH CHURCH-CHARITIES NUMBER: NIC 105077 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 6. Share of Parish expense51Recehtedl Total Funds 2022 2021 Balteagh Expenses Aghanloo & Tamlaghtard Expenses 384 572 204 272 956 476 These monies are receipt5 from, Balteagh, Aghanloo and Tamlaghtard in respect of shared expenses paid by Carrick and rech3r8ed accordinglv. Shared expenses are analysed further at Note 9. 7. Sunday School Expen5e5 Total Funds 2022 97 81 2021 Easter Egg Hunt Sunday School Prizes 178 8. Church Runnlng Expenses Total Funds 2022 321 72 1,277 187 927 200 2021 iii 70 1,162 195 256 278 250 Nl Power Nl Water Insurance Charge for envelopes General Repairs/Malntenan Sound System Installation 2,983 2,322 9. Parlsh Expenses Details of the shared expenses are as follows.. ShJred Expense$ 2022 2021 Office Expenses ElectrlcSty Insurance 437 1,105 589 902 544 2,378 877 1.287 1,726 2,616 416 Rates Rectory Repairs and Maintenance 8T 2,075 564 1,280 538 Printing Shared Parish Costs 608 673 9,843 8,772 Carrick Parish Church contributed a total £3,503 to the above shared expenses in the year ended December 2022 and £2.738 in the year ended December 2021. £1,315.24 of this was paid to Balteagh Parish Church for costs they incurred relating to the above expenses in the current year. CARRICK PARISH CHURCH-CHARITIES NUMBER: NIC 105077 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 10. Other Expense5 Details of other expenses relates to miscellaneous costs incurred as follow5.' Total Funds 2022 2021 2,313 310 1,715 iio. Co-operation Ireland Grant W J Dickson - Archltect Balteagh Rectory Repairs Glfts within Par15h Donation in Lieu Carrick Marketing Material - History of Carrick Exorna Kitchens - Vestry Cabinets Gravel for Carrick Carrick Wedding Festlval Expense5 Causeway Coast & Glen- Planning Application 235 loo 90 912 450 ios 257 2,149 4,448 11. Transactlons wlth the Trustees No trustee received any remuneration during 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 during the year.