BOHO CHURCH OF IRELAND TRUSTEES, ANNUAL REPORT AND STATEMENT OF RECEIPTS AND PAYMENTS AND ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 DECEIVJBER 2023 CHARITY NUMBER: 105422 HASSARJ) MCCLEMENTS LIMITED CHARTERED ACCOUNTANTS AND REGISTERED AUDITORS 32 EAST BRtDGE STREET ENNtSKILLEN COUNTY FERLVIANAGH BT74 7BT BOHO CHURCH OF IRELAIID ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CONTENTS References and Administrative Details Trustees, Annual Report 24 Independent Examiners Report to the Trustees Receipts and Payments account Statement of Assets and Liabilities Notes to the Financial Statements BOHO CFtURCH OF IRELAND REFERENCES AND ADMINISTRATtVE DETA￿s FOR THE YEAR ENDED 31 DECEMBER 2023 Charity Name: Boho Church of Ireland Charity Registration Number: 105422 Contact Address: 40 Boho Road Kilmore Springfield County Femanagh BT74 8AR Trustees Rector Reverend S Ajuka Mr Daniel Redmond Mr Austin Stronge Mrs Enid Redmond Mrs Hilary Redmond Mrs Jean Smith Mr Trevor Smith Mr Denzil Cluff Mrs Melanie Invin PrincipaI Office-bearers Clergy: Church Trcasurer: Church Warden - Clergy: Church Warden - People Glebe Warden - Clergy: Glebe Warden - People.. Reverend Sampson Ajuka Mrs Enid Rcdmond Mr Innes Redmond Mr David Little Mr Trevor Irwin Mrs Eileen Little Independent Examiner Hassard Mcclements Limited 32 East Bridge Street Enniskillen County Fermanagh BT74 7BT Bankers First Trust 2-4 East Bridge Street Enniskillen County Fermanagh BT74 7BT Bank of Ireland 7 Townhall Street Enniskillen County Femianagh BT74 7BD BOHO PAIUSH CEtURCH TRUSTEE'S ANNUAL REPORT ST FOR THE YEAR ENDED 31 DECEMBER2023 The Trustees present the annual report and statement of Receipts and Payments and Assets and liabilities for Boho Parish Church for the year ended 31 December 2023. Objectives and Activities The Charitable purpose of the Church of Ireland is the advancement of religion. The principal function of Boho Parish Church is to support the advancement of the Christian religion by promoting, through the work of Boho Parish Church 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 activity in the pursuit of the advancement of the Christian religion, the Boho Parish Church has custody of propcrty and of records, materials and artefacts of significance to the cultural and religious heritage and maintenance of which is undertaken by the select vestry of the Boho Parish Church. Achievements, Performance and Public Benefit 2023 saw the church stay open with a steady congregation throughout the year for people who enjoyed the worship and fellowship in meeting together. We had a joint fundraising concert with Devenish Parish this year in Devenish Church Hall. It was a very enjoyable evening, well supported and open to everyone. The Trustees have put in place policies to protect anyone partaking in church activities and have a child protcction policy in place. The Parish has given careful consideration to the Charity Commission for Northern Ireland guidance 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 benefit. Financial Review Our total income in the year came to £16,902 (2022.. £17,295). On the expenditure side we ended up spending a total of £13,821 (2022: £12.216). Trustees, Policy on Holding Reserves The Trustees have a policy of holding sufficient unrestricted funds to cover three months overheads. Going Concern The Trustces 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 activities and the financial statement for the year ended 31 December 2023 can be signed off as a going concern. Structure, Governance and Management Governing Document and Constitution of the Charity Chapter III of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees. Recruitment and Appointment of Select Vestry (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 accustomcd members of the congregation for at least three months, may register as members of the general vesty of the parish, allowing them to attend and vote at meetings of the general vestry and to stand for election to the select vesty. Meetings of the general vesty are held at least once a year. The select vesty 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 temis which may be served. Diocesan Assessment The Diocesan Assessment is £8,033. Organisational Structure The select vesty is responsible for the day-to-day management of the Parish. The select vesty consists of the members of the clergy servicing in the parish, the church wardens, the glebe wardens and generally not more than twelve other members of the gcneral vesty elccted at the Easter vestry meeting. The select vesty is chaired by the incumbent or other members of the clergy officiating in the parish. Select vestry members are responsible for making decisions on matters of general concern and importance to the parish including deciding how parish funds are to be applied. The select vestry meets at times fixed by members of the diocesan synod. Special meetings may be convened at any timc by the chairperson or the church wardens. In 2023 the selcct vestry met 4 times during the year and the attendance was 75 /0. Compliance with Public Benefit The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities cnt¢red into during the year have hclped 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 laws applicable to charities in Northern Ireland with income of less than £250,000 requires the trustees to prepare a statement 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 timc 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 lli. LJ J Mrs Hilary edmond ALaJ Mrs Enid Redmond Date: BOHO CItURCH OF IRELAND INDEPENDENT EXAIVIINER'S REPORT TO THE CHARITY TRUSTEES OF BOHO CHURCH OF IRELAND We report on the accounts of Boho Church of Ireland for the year ended 31 December 2023, which are set out on pages 6 and 7. Respective responsibilities of charity trustees and 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 our responsibility to: Examine the accounts under section 65 of the Charities Act Follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act State whether particular matters have come to our attention. Basis of independent examiner's report We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. Our 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 thc accounts, and seeking explanations from you as charity trustees concerning any such matters. Our role is to state whether any material mattcrs have come to our attention giving us cause to believe: l. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further infomiation needed for a proper understanding of the accounts to be reached. We did not undertake an audit and therefore we express no audit opinion. Independent examiner's statement We have completed our examination and Iiave no conccrns in respect of the matters ( l ) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention. HASSARD MCCLEMENTS LIIVIITED CIIARTERED ACCOUNTANTS AND REGISTERED AUDITORS 32 East Bridge Street ENNISKILLEN County Fennanagh BT74 7BT Date.. BOHO CIIURCH OF IIIELAI¥D RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restricted Funds Funds Tot21 Total 2022 Note 2023 2023 2023 Recei Donations and Plate Collection Proceeds from Fund Raising Events Legacies Bank and Deposit Interest Investment Income Other Receipts Total Recei ts 9,378 800 9,378 800 1.012 763 2,225 47 649 649 2,262 3.813 16,902 2,262 3,813 16,902 2,166 11,082 17,295 ments Diocesan Costs l Assessment Church Running Costs Glebe Costs Independent Examlner Fee Charitable Donations Bank Charges Preachers Expenses Sundry Total Pa ments 8,033 3.681 220 8,033 3.681 220 6,464 3,641 432 490 521 135 490 521 135 490 590 138 80 381 12,216 305 436 13,821 305 436 13,821 Excess of Receipts over Payments for the year before transfers Transfers 3,081 3,081 5,079 Exeess of Reeeipts over Payments for the year 3.081 3,081 5,079 On behalf of the Trustees Mrs Hila Redmond Mrs Enid Redmond Date.. BOHO CHURCH OF IRELAND STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2023 Unrestricted Funds 2023 Restrieted Funds 2023 Total 2023 Total 2022 Cash Funds Current Accounts Deposit Accounts Total Cash Funds 6,895 96,267 103,162 17,912 24,807 96,267 121,074 24,375 93.618 117,993 17.912 Investment Assets Equity Investments Other Listed Investments Investments in RCB I CIT Unit Trusts Other Unlisted Investments 23,477 23,477 23,477 Investment Properties Total Investment Assets 23,477 23.477 23,477 OD Behalf of the Trustees Mrs Hila Redmond Mrs Enid Redmond Date: BOHO CHURCH OF IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 l. Aeeounting policies Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities. a) Recipts and Payments Aceount All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. b) Statement of Assets and Liabilities i) Assets retained for the Parish'5 own use The assets of the Parish, retained for its own use comprise: Church building and graveyard The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS 102). These Heritage assets are not included in the statement of assets and liabilities as inforniation on the cost or valuation is not available and such inforniation cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish. ii) Investments Fixed asset investments comprising investment properties, investments equities (ordinary shares) and investment in RCBICIT Unit Trusts are recorded at cost. Investments in unquoted investments are recorded at cost and are assessed annually for impainnent. Value at beginning of the year Increase in value during the year Value at the end of the year 80,795 2,426 83,221 2. Reconciliation of Cash Funds Total Cash Funds at Beginning of the year Receipts for the year Payments for the year Total Cash Fund5 at end of the year 117,993 16,902 (13.821) 121,074 BOHO CHURCH OF IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEIVIBER 2023 3. Funds of the Parish At Incoming 0 1.01.2023 R¢sources Outgoing Resources At Transfers 31.12.2023 Restricted funds Restoration Fund 17,912 17,912 17,912 17.912 Unrestricted funds General Fund 123.558 123,558 16.902 16,902 (13,821) (13,821) 126,639 126.639 Total funds 141,470 16,902 (13,821) 144,551 Pur oses of Restricted Funds Restoration Fund - This is a Fund to be used for the restoration of the church and grounds 4. Collection for Third Parties No collections were made on behalf of third parties. 5. Transaetion5 Wlth the Trustee5 The parish paid expenses of £220 relating to the running of the glebe house which is occupied by the Tectoi. No trustee received any remuneration or reimbursement of expenses during the year.