Derryvullen South Parish Church Trustees, Annual Report and Statement of Receipts and Payments and Assets and Liabilities for the year ended 31 December 2024 Charities Number: NIC 105435 Derryvullen South Parish Church Contents Page Pages References and Administrative Details Trustees, Annual Report Independent Examiner's Report to the Trustees Receipts and Payments Account Statement of A55ets and Liabiltties Notes to the Financial Statements Derryvullen South Parish Church Reference5 and administrative details Charity Name Derryvullen South Parish Church Charity Registration Number NIC 105435 ConLact Address 146 Gola Road LTsbellaw Co Femanagh Trustees Mr R Boles Mrs K Kettyles Lord Belmore Mrw Graham Lord A Hdmillon Mrs G Black MrG Black Mr C Weir Mrs A Graham Mrs L Courtney Mrs l Henderson Princlpal offi￿ Bearers Cler8y Vacant SecreLIry Mr W Graham Treasurer Mrs A Graham Church Warden- Cler8y Mrs K Kettyles Church Warden- Peoples Mr R Boles Independent Examiner R Cathers & Co Chartered Accountsnts and Certified Auditors 107 Main Street fintona Co Tyrone Bankers Danske Bank 24 Townhall Street Enniskillen Co FemanaRh First Trust Bank 2- 4 East Bridge Street Enniskillen Co Fermanagh Page I Derryvullen South Parfsh Church Trustees, Annual Report for the year ended 31 December 2024 The trustees present the annual report and statements of Receipts and Payments and Assets and LiabilÈties for Derryvullen South Parish Church foi the year ended 31 December 2024. Objertives and Actlvftles The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of Derryvullen South Parish Church, Church of Ireland, is to support the advancement of the Christian religion by promoting, through the work of DerTrvullen South 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 forthose needing help are fundamental to the practical delivcry of the benefrts of Christianty. As a result of artivity in the pursuit of the advancement of the Christian religion, Derryvullen south Parlsh Church has custody of property of records, malerials and artefact5 of signÈficance to the cultural and religious heritage and maintenance of which is undertaken by the select vestry of DerryvLSllen South Parish Church. Achievements, Performance & Publlc Benefft During the yearthe parish provided the advancement of religion through the provision of weekly public worship, a communtty barbeque, Sunday school for children and other activities through which C"hristian witness and outreach were delivered. The beneffts of public worship contiibuted to spiritual well-being of participants and the reinforcement of Christian value.s. The community barbeque brought the communty togetherto provide social companionship. All Sunday school teachers have been appropriatelytrained under Safeguarding Trust regulations and the parish has an elected Safeguarding Trust panel. Financial Review The parish's financial position at the year end was satisfactory. The parish has achieved an operating surplus in the period which has increased resep4e5. The trustees, are going to focus on additional fundraising for the coming yearwith the aim to continue operating at a surplus and avoid having to deplete reserves when carying our repair works to the rectory, church and hall In the coming periods. Going Concern Thc trustees have reviewed the budgets for the year ahead and a￿ satisfied that there are adequate funds in place to ensure thatthe Parish can continue its activities and the financial statements forthe year ended 310ecember 2024 can be signed off as a going concern. Page 2 Derryvullen South Parish Church Trustees, Annual Report (continued) for the year ended 31 December 2024 Strurture, Governance and Management Governlng Document and Constitution of the Charity Chapter111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Ch3fFty Trustees. Recruitment and Appointment of Select Vestry (Trustees) All members of the Church of Ireland who are overthe 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 a5 fflembers of the general vestry of the parish, allowing them to attend and vote at mÈetings 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 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 terms which may be servp.d. Organisational Strutture The select vestry is responsible forthe day to day management of the parish. The select vestry consists of the member of the clergy serving in the parish, any curate assistant ("the curate"), the churchwardens, the glebe wardens and generalty not rnore than twelve other Ineinbers of the 8eneral vestry elected at the General Vertry. The select vestry is chaired by the incumbent or other member of the clergy officiating in the parish. Select vestry members are responsible for making decisions on matters of general con￿rn and importance to the parish including deciding how parish funds are to be applied. The selert vestry meets at times fixed by the members. Special meetings may be convened at any time bythe chairperson or the churchwardens. In 2024the Selert Vestry met 5 times during the year and the average attendance was 80%. Compliance with Public Benefft The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefrt to ensure that the actives entered into during the year have helped to achieve the Parish's objectives and activities, as well as providing public benefrt. Page 3 Derryvullen South Parish Church Trustees, Annual Report (Continued) for the year ended 31 December 2024 Statement of Trustees. Responslbilltles 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 Northern Ireland with Income of less than £250.OW requires the trustees to prepare a statement of receipts and payments and a Statement of assets and liabilrties 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 wtth 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 king reasonable steps for Lhe prevention and detection of fraud and other irregulaittie5. Signed on Behalf of the Trustees krt-lHLEtr￿ kc TX4Lc3 2Lfr10312- Date: Page 4 r cathers . co. PlE￿L￿. &,-.EGisfERED Autk'ivias Independent examine￿5 report to the (harity trustee5 uf DeTrywllen South Parjsh Church (char￿ no. ID5435). I report on the accounts of Derryvullen SoLrth Parish Church for the year ended 31 December 2024. Re5pertive responsibilities of charity trustees and examiner A5 the charit￿$ trustees you are responsible for the preparation of the accounts in accordance wtth the Charities Att (Northern Ireland) 2008. It is my responsibility to: examine the accounts under section 65 of the Ch¢irilie5 Act- follow the procedures laid down in the gener31 Direttions given by the Commission under section 651911bl of the Charities Att- state whether particular matter5 have corne to my attention. Basis of independent examinerf5 report I have examined your charity accounts a5 required under section 65 of the Charities Art and my examination was carrred out in accordtince with the general Dlrections given by the ihanty Commission for Northern Ireland under section 6519llbl of the Charities Art. My examFnation includcd a revFew of the accounting ￿CordS kept by the ih%irily and a comparlson of the accounts presented with those records. It also intluded consideration of any unusual r(ems or disclosures in the accounts, and seekin8 explanations from you a5 charty trustees concerning any such rnatters. My role is to state whether any material matters have come to my attention giving me cause to believe.. l. That accounting records were not kept in accordance with section 63 of the Ch3ritipE Art: 2. That the accounts do not accord with those accounting records: That thc accounts do not comply with the accounting ¥e4uiiErnents of the Ch3rttles Act- 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examinerfs statement I have completed my examination and have no concerns in respect of the marters111 to141 listed above and. in connection with following the Directions of the Charity Commission for NDrthÈm Irpland. I have found no mattèrs that require drawing to your attention. Richard Cathers FCA Chartered Accountant 107 Main Street. Fintona. Co Tyrone. BT18 2AH Date . 23 April 2025 107 Main StrÉet Fintona Co.Tyrone 378 2AH 028 82 440 7a - ricn2rd@rca'thers.CQiTI vJww.rcathers.com Principal .' Ri¢hwd CattseT5 FCA CHARTERED ACCOUNTANTS U11￿ South Pari5huiurch Recei For the andp r ended 31 Decembw 2024 INCOMÉ Sustentstton pund- Covenant Su#entrtion Fund- N0￿coVe￿ant Gift Aid Refund Loose Collettion Rent of Rectory Rent ¢f Field Clozher Diocesan Magaiine Graveyard MalntenanoE Chr￿tIan Aid HarvestThanksgNsng Offering Git Day donations LEMOS R B L Poppy Appe31 CMJI- Easter colletti¢ Burial Fee5 79 19,379 19.289 5.436 5.807 5377 5.3TI 925 145 950 633 243 ijno ioio 255 1?4 243 Donations Weir famitydon*ion Ferrnanagh & Orna8h counal 8rant DAERA grant Hire of thurth Hall 2CY) 2,50) 938 938 L122 920 920 Social 445 370 Youth Ministry Grant Mothers Un&on Collection le of tèrcls for all ￿￿$s1on5 Sale of FI￿￿00d Headstone Fee 370 io IEIJ BBQ Donètions Christmas cOn￿rt 8ank Interest recep RCB Dtstribution- Interest on beouests 1.629 641 1151 816 1,629 641 È51 816 1.818 50.761 55.882 51079 6598 EXPEN5E5 Clogher DiO￿an Assqssffl•Tht Churth Accounts RettoryAccounts Graveyard Maintenan Church Hall Accounts Insurance Clogher Diocesan MaKdzine Printing Christian Aid CMJI- Lenten collettion Stsnday School Accounts Organists Hawvest Giving Undertaker fee Included in donation RBL Poppv Appeal LEMOS 19,58& 4A71 19584 4371 1,420 14. 7323 550 12,714 .79S 10,423 550 12,714 1.795 1.324 c#J 99 1662 IA23 L423 214 214 140 140 LOY> 650 1.50 240 Ic 199 i.n6 B8Qexpenses Soual expenses Chirstmas concertdonation to Marle Cur Mother5 Union-Bift of d5gnity lfidependent Examiner Bank Fees RC8 Fee 318 318 412 333 412 213 213 336 34567 5.121 43.442 Surplu5foT the pernd 16.194 8ffi37 63 Derryvullen South Parish Church Statement of Assets and Liabilitie5 As at 31 December 2024 Unrestricted Restricted Funds Funds 2024 2024 Total 2024 Totsl 2023 Cash Funds Current Accounts Deposit Accounts Vested in RCB for Rectory purchase Total Cash Funds 29,693 107,085 30.810 60.503 107,085 1,799 169,387 46,093 105,301 1,799 153,193 1,799 32.609 136,778 Investment Assets Investments in RCB / CIT Unit Trusts 30,442 30,442 29,887 Assets Retained for the Parish's own use Parish Hall Glebe House 266,882 266,882 266,882 266,882 266,882 26G,882 Signed on Behalf of the Trustees L¥3 1 ¢15 +1 ErxJf36£&a Date: 2L41 D3 IZG"L S Page 7 Derryvullen South Parish Churth Notes to the Financial Statements For the year ended 31 December 2024 l. Accounting policies Set out below are the principal accountin2 policies which have been adopted in the compilation of the Receipts and Payments Account and the Ststement of Assets and Liabilities. (a) Recelpts and Payments Acwunt All items of income and expenditure included within the Re￿Ipts and Payments Account have been accounted for on a cash receipts basis. {b) Ststement of Assets and Liabilities (i) Assets for the parish's own use The assets of the Parish, retsined for its own use comprise: Church building and graveyard Parish Hall Glebe House The church building and graveyard are deemed to be heritsge assets as defined by the Charities SORP IFRS1021. These heritsge assets are not included in the statement of assets and liabiltties as information on the cost or valuation is not available and such information cannot be obtained as a cost commensurate viith the benefit to the users of the accounts and to the parish. The parish hall was built in 1960. There are no reliable records of the cost of this construction and valuation approach for such a building lac￿ sufficient reliability. As a result this building is not recognised in the parish ststement of assets and liabilities. The Glebe House was purchased in 2021 and is recognised in the parish statement of assets and liabilitie5 at cost. (11) Investments Investments in RCBICTT Unit Trusts are initially ￿corded at cost and are then subsequently stated at fairvalue at each year end date. 2. Reconciliation of Cash Fund5 Total CAqh Funds at beginning of the year Receipts for the year Payments for the year 153.193 55,882 39,688) Totsl Cash Funds at end of the year 169.387 Page 8 Derryvullen South Parish Church Notes to the Financial Statements {continued) For the year ended 31 De￿mber 2024 3. Movement In Funds Atljan 2024 Incoming Resources Outgolng Resources At 31 Dec 2024 Restrl¢ted Funds Sunday School Account Burial Fee Hall Account Rettory Account IRCBI Rectory Account 1,296 750 4,083 1.799 11,779 19.707 1,296 750 4,317 1.799 22,648 30,810 270 { 36) 12,000 ( 12,270 1 1,131) 1,1671 Unrestricted Funds General Funds 133,488 133,488 43,612 ( 43,612 ( 38,5211 38,5211 138,579 138,579 Totsl Funds 153,195 55,882 1 39.688) 169.389 Purposes of Restricted Funds - sunday School Aicount= This is a fund for donations received speafically for use by the Sunday School - Hall Account: This is a fund to assist with the renovation5 tothe parish hall. - Rectory Account IRCB): These are monies held by the RCB to be used against rertory expenses - Rettory Account: These are monies held for improvements and expenses in the Rectory 4. Collections for third parties 2024 2023 Christian Aid RBL Poppy Appeal L.E.M.O.S. 365 145 123 255 84 243 743 472 5. Transartions with Trustees Mrs L Courtney. Trustee, was paid £432 during the year as a reimbursement of expenses for the Sunday School and Youth Social. Mrs l Hender50n, Trustee, was paid £151 during the year a5 a reimbutsement of expenses for the Church. Page 9