Urney Parish Trustees, Annual Report and Statement of Receipts of Payments and Assets and Liabilities For the year ended 31 December 2023 Registered Charity in Northem Ireland [NIC105173]
Urney Parish Annual Report and Financial Statements for the year ended 31 December 2023 Contents Page ReferenS and Administrative Detsils ofthe Charity Trustees, Annual Report Independent Examiners Report to the Trustees Statement of Receipts and Payments Statement of Assets and Liabilities Notes to the Financial Ststements 8-10
Urney Parish References and Administrative Details Charity Name:. Urney Parish Charity Registration Number: NIC105173 Registered Office: 112 Melmount Road, Sion Mills, Strabane, County Tyrone, BT82 9PY Trustees The Charity Trustees who served during the year or who were Trustees at the date of this report were: Rev Jonathan McFarland MrArchie Baiid Mrs Hazel Baird [resigned 18° April 2023] Mrs Oliver Baird Mr Richard Baird [appointed 18° April 2023] Mr Nigel Collins Mr John Crossle Mr lan Donnell [appointed 16th April 2024] Mrs Celia Ferguson Mr Robert Freeborne [appointed 16° April 2024] Mrs Lisa Hamilton Mr Robin Mccallan [resigned 19° May 2024] Mr Crawford Mccann [resigned 16th April 2024] Mrs Jacqueline Moore [appointed 16° April 2024] Mr Derek Morrow [deaSed 23° June 2024] Mr Ronald Patton Mrs Julie Anne Reid Mrs Anne Speers [appointed 16th April 2024] Mr William Steenson [resigned 16° April 2024] Principal office-bearers at the 31 December 2023 Clergy: Rev Jonathan McFarland Church Treasurer: Mr Nigel Collins Church Warden- Clergy: Mr Derek Morrow Church Warden- People: Mr Nigel Collins l Mr Archie Baird Bankers Danske Bank, 5-7 Market Street, Omagh, County Tyrone, BT78 1BN
Urney Parish Trustses, Annual Report for the year ended 31 December 2023 The Trustees, present theirAnnual Report and Statements of ReiptS and Payments and Assets and Liabilrties for Urney Parish for the year ended 31 Dernber 2023. Objectives and Activities The charitable purpose of the Church of Ireland is the advanrnent of religion. The principal function of Urney Parish is to support the advancement of the Christian religion by 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 as a whole and offering support for those needing help are fundamental to the practical delivery of the benefits of Christianity. As a result of the activity in the pursuit of the advancement of the Christian religion, Umey Parish has custody of propety and of records, materials and artefacts of significance to the cultural and religious heritage and Maintenan of which is undertaken by the Select Vestry of Umey Parish. Achievemerrts, Perfomianca and Public Benefits Umey Parish provides SeNiS of worship each Sunday at 8.30am and 10.00am in The Church of the Good Shepherd and 11.30am in Christ Church. Visitors are always welcome to join. Holy Communion ServIS are held on the first and third Sunday of each month, and a family service every second Sunday in which chIldn are encouraged to participate through readings, praise and prayers. Both Churches come together for special services at Easter, Harvest and Christmas. The Parish provides pastoral Offi as required for baptisms, weddings, funerals and confirmation. Pastoral care is provided throughout the year. The Parish offers a range of other activities either run directly by the church or through church organisations including Sunday Club, confirmation preparation classes and the Bowling Club. Whilst a number of fundraising events are run by the Parish, the highlight each year is the Strawberry Fair in June which is enjoyed and well supported by the whole community. The Parish supports the work of local and global charities by making donations andlor holding special collections or events in respect of the same. Urney Parish has mitigated any potential hami from the activities through the implementation of the Church of Ireland Safeguarding Trust Policy. The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidan on public benefrt 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 benefit.
Urney Parish Trustees, Annual Report for the year ended 31 December 2023 Achievements, Performance and Public Benefits (continued) The Trustees which to acknowledge their deep appreciation of those who give freely of their time by serving on committees and helping with organisations and other church activities. Financial Review The Parish is a charitable organisation with their main Sour of income deriving from members, freewill offerings. Total donations received from frWIll offerings in 2023 was £41,150 compared to £45,558 in the previous year. Overall income decreased by £24,362 due to a reduction in fundraising income and grants. Expenditure increased by £8,092 mainly from a rise in assessment costs. Overall results for the year show a deficit of £34,009 [2022: £1,555]. The Trustees, continue to monrtor the level of reserves held by the Parish and are actively taking steps to increase the reserves in order to meet any unforeseen expenditure incurred. 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 activrties and the financial statements for the year ended 31 Dember 2023 can be signed off as a going concem. Structure, Governance and Management Govemin Document and Constitution of the Chari Chapter 111 of the Constitution of the Church of Ireland govems Parishes and Parochial Organisation. The Select Vestry members are the Charity TruStS. Recruitment andA ointment of Select Vest Trustees 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 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 On a year. The Select Vestry will hold their positions for a period of one year. Select Vestry members may be reelected annually and there is no limit on the number of terms which may be served.
Umey Parish Trustees, Annual Report for the year ended 31 December 2023 Structure, Governance and Management (continued) anisational Stmcture The Select Vestry is responsible for the day to day management of the Parish. The Select Vestry consists of the clergy serving in the Parish, any curate assistant, the churchwardens, the glebe wardens and generally not more than Iwelve other members of the general vestry elected at the General Vestry. The Select Vestry is chaired by the clergy. Select Vestry members are responsible for making decisions on matters of general conrn and Importan 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 dI0san synod. Special meetings may be convened at any time by the chairperson or the churchwardens. In 2023 the Select Vestry met eight times and the average attendan was 67 % . Com liance with Public Benefit The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidan on public benefit to ensure that the activrties entered into during the year have helped to achieve the Parish's objectives and activities, as well as providing public benefit. Statement of Trustees, Responsibilities The Trustees are responsible for preparing the Trustees, Report and the Statement of Receipts and Payments and Statement of Assets and Liabilities in accordance with applicable law and regulations. The law applicable to charities in Northem Ireland with income of less than £250,000 requires the Trustees to prepare a Ststement of Receipts and Payments and a Statement of Assets and Liabilities for each financial year. 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 hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Trustees, and sNJned on its behalf by: LrJrtfl Rev Jonathan McFarlan Mr Ronald Patton O.cE. -.
Urney Parish Independent Examiners Report to the Trustees of Urney Parish for the year ended 31 December 2023 I report on the accounts of Urney Parish for the year ended 31 December 2023, which comprise the statement of financial acts'vities (Receipts and Payments Account), ststement of assets and liabilit.es and the related notes. Respective responsibilities of trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with Seclion 64(3) of the Charilies Act (Northern Ireland) 2008. The charity's trustees consider that an audit is not required for this year under Sec1ion 65(2) of the Charities Act (Nothern Ireland) 2008 (the chariti.es Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 65 of the Charities Act; to follow the procedures laid down in the general Directions given by the Charity Commission for Northem Ireland under section 65(9)(b) of the Charities Act," and to stste whether parliculai matters have come kn my attenbon. Basis of independent examiner's report I have examined your chatity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directs"ons given by the Charity Commission for Northern Ireland under section 65(9)(b) of the chant.es Act. The 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 disclosures in the accounts, and seekn'ng explanations from the trustees concerning any such matters. My role is to stste whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with section 63 of the Chari1ies Act 2. That the accounts do not accord with those accounting records Thatthe accounts do notcomply with the accounting requirements ofthe Charities Act 4. That there is further information needed for a proper understsnding of the accounts to be reached. I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and. in conneclion with following the Direct-ons of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Name: Esme McGerrigle Date:
Urney Parish Statement of Fina December 2023 ial Activity (Receipts and Payments Account) for the year ended 31 Unrestricted Restricted Funds Funds Total 2023 Total 2022 Receipts Donations and Plate Collection Proceeds from Fundraising Events Bank Interest Investment Income Rental of Premises and Equipment Other Receipts including Grants Bequest Totsl receipts 44,560 10,376 825 1,595 45,385 11,971 56 1,714 52,893 15,720 115 1,682 1,714 2,773 1,481 4.254 17,332 59.479 3,901 63,380 87,742 Payments Diocesan Costs J Assessment Church Running Costs Glebe Costs Parish Centre Costs Administration Costs Fundraising Costs Charitable Donations Payments from Parish Organisations Other Expenditure Total payments 63,423 15,249 8,511 1,012 481 2,812 63,423 15,249 8.511 1,012 481 4,407 1,300 418 2.588 97,389 58,188 13,653 5,720 1,689 476 2,642 1,595 1,300 259 1,786 159 802 868 6,061 89,297 92.449 ExsS of Payments over Receipts for the year Transfer between funds Net movement in funds (32,970) (1,039) (34,009) (1,555) (32,970) (1,039) (34.009) (1,555) Reconciliation of funds Total funds brought forward Totsl funds carried forward 2,287 {30.683) 46,353 45,314 48,640 14,631 50,195 48,640 On behalf of the Trustees: NUJ Rev Jonathan McFarland Mr Ronald Patton
Urney Parish Statement of Assets and Liabilities at 31 December 2023 Unrestricted Restrictsd Funds Funds Total 2023 Total 2022 Cash Funds Current Accounts Cash in Hand Total Cash Funds (30,683) 45,314 14,631 48,640 45,314 14,631 48,640 (30,683) Investh)ent Assets Investments in RCB I CIT Unit Trust Total Investsnent Assets 80,253 80.253 78,595 78,595 Assets retaine for the Parish's own use Glebe House 404,210 404,210 404,210 404,210 Approved by the trustees on the 16 April 2024 and signed on their behalf: &dk Rev Jonathan McFarland Mr Ronald Patton
Urney Parish Notes to the financial statements for the year ended 31 December 2023 Accounting Policies Set out below are the principal accounting policies which have been adopted in the compilation of the ReiptS and Payments Account and the Statement of Assets and Liabilities. 1.1 Receipts and Payments Account All items of income and expenditure included within the ReiptS and Payments Account have been accounted for on a cash receipt basis. 1.2 ststement of Assets and Liabilities Assets retsined for the Parish's own use The assets of the Parish, retained for its own use comprise of Church Buildings and the Parish Hall. The Church Buildings are deemed to be heritage assets as defined by the Charities SORP (FRS102). 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 information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the Parish. The Parish Hall was built in 1889. There are no reliable records of the cost of this construction and valuation approach for such a building lacks sufficient reliability. As a result this building is not recognised in the Parish Statement of Assets and Liabilrties. The Glebe House is recognised at deemed cost, being the estimated fair value of the propety at £404,210. No depreciation has been provided on the Glebe House as the current estirnated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. 1.3 Investments Investments in RCB and CIT are in"rtially recorded at cost and then are subsequently stated at fair value at each year end date.
Urney Parish Notes to the financial ststsments for the year ended 31 December 2023 Icontinued) 1.4 Fund Accounting Funds are classified as either restricted funds or unrestricted funds, which are defined as follows.. Restricted Funds Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objectives of the Parish. Unrestricted Funds Unrestricted funds are expendable at the discretion of the Trustees in furtherance of the objectives of the charty. If parts of the unrestricted funds are earmarked at the discretion of the Trustees for a particular purpose, they are designated as a separate fund. The designation has an administrative purpose only and does not legally restrict the TrUSts, discretion to apply the funds. Endowment Funds Endowment funds are funds, the capital of which must be retained either permanently or at the Select Vestry's discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. 1.5 Preparation of accounts on a going concern basis The Parish generally meets its day to day working caprtal requirements from its annual income. The trustees are satisfied that the Parish has resources to provide a reasonable expectation that it can continue to meet its financial obligations as they fall due for the foreseeable future. Therefore these financial statements have been prepared on a going GOnrn basis. Reconciliation of Cash Funds Total Total cash funds at beginning of the year Receipts for the year ments for the ear Total cash funds at end of the year 48,640 63,380 97,389 14,631
Urney Parish Notes to the financial statements for the year ended 31 December 2023 (continued) Movement in Funds At31 At1 January Incoming Outgolng Galn on December 2023 Resources Resources Transfers Investments 2023 Restricted Funds General Funds Total Restricted Funds 46,353 46,353 3,901 3,901 4,940 (4.940) 45,314 Unrestricted Funds General Funds Total Unrestricted Funds 2,287 2,287 59,479 92,449 59,479 (92,449) 30,683 (30,683) Endowment Funds Investment in RCB I CIT Total Endowment Funds 80,253 80,253 1.658 1,658 78.595 Total Funds 127,235 63,380 (97,389) 1,658 94,884 Collections for Third Parties 2023 2022 483 396 73 952 Bishops, Appeal Tyrone Protestant Orphan Society eal 112 112 The above amounts have been included in Receipts for the year under Donations and Plate Collection. Transactions with Trustses No Trustee reiVed remuneration or reimbursement of expenses 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. 10