CHARITY REGISTRATION NUMBER: NIC105437 Inishmacsaint Church of Ireland Unaudited Financial Statements 31 December 2023 ps NAC Chartered accountants 24 Main Street Kesh Co Fermanagh BT93 1TF Inishmacsaint Church of Ireland Financlal Statements Year ended 31 December 2023 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial posrtion Statement of cash flows Notes to the financial statements Inishmacsaint Church of Ireland Trustees, Annual Report Year ended 31 December 2023 The trustees present their report and the unaudited fmanclal statements of the charity for the year ended 31 December 2023. Reference and administrative details Registered charity name Charity registration number Principal office Inishmacsaint Church of Ireland NIC105437 37 Glenlevan Road Sandhill Derrygonnelly Co Fermanagh BT93 6ER The trustees Mrs L Muldoon Mrs J Wray Mr E Rogers Mr R Ferguson Mr R Harkness Mr M Byers Mrs J Acheson Mrs L Ferguson Mrs E Carson Revd S Woods Ms E Mcclelland Mrs M Elliott Mr l Rutherford Mr D Bailey Mr D Ford Mr T Armstrong Mr D Carson (Resigned 19 April 2023) (Resigned 19 April 2023) (Resigned 19 April 2023) Independent examiner Gary Thompson Structurej governance and management Governing Document and Constitution of the Charity Chapter 111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation_ The Select Vestry members are the Charity Trustees. Recrultment and Appointment of Select Vestry 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 the last three months. may register as members of the general vestry of the pansh, 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 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. Inishmacsaint Church of Ireland Trustees, Annual Report (¢ontlnue¢YJ Year ended 31 December 2023 Structure. governance and management (contlnu8dJ Organisational Structure The select vestry is responsible for the day to day management of the parish. The select vestry consists of the member of the clergy serving in the parish, the churchwardens, the glebewardens and generally not more than ￿e1ve other members of the general vestry elected at the General Vestry. 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 concern and importance to the parish including deciding on how parish funds are to be applied. The select vesty meets at times fixed by the member5 or by the diocesan synod. Special meetings may be convened at any time by the chairperson or churchwardens. Objectives and activities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of Inishmacsaint Parish 15 to support the advancement of the Christian religion by promoting. through the work of Inishmacsaint P2rish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Being open to and engaging wth society a5 a whole and offering support for those needing help are fundamental to the practical deltvery of the benefits of Christianity. As a result of actswty in the pursurt of the advancement of the Chrtstian religlon, Inishmacsaint Parish ha5 Custody of property 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 Inishmacs3int Parish. Achievaments and perfom)ance Inishmacsaint continues to support the work of other charities and missionary work by either making donations or holding special collections during the year. The Parish has given careful Gonsideration to the Charity Commission of Northern Ireland's guidance on public benefit to ensure that all activities undertaken during the year have helped to achieve the Parish's aims and objectives, as well as providing public benefit. Flnanclal revlew The parish recorded a surplus 01 £6,983 during the year ended 31 December 2023. The trustees policy on reserves is to ensure that sufficient ￿SerVeS are retained to meet all future expenditure requirements as well as potential future capital projects. The trustees, annual report was approved on 28 March 2024 and signed on behalf of the board of trustees by.. Mrs J Wray Trustee Inishmacsaint Church of Ireland Independent Examiner's Report to the Trustees of Inishmacsaint Church of Ireland Year ended 31 December 2023 I report on the financial statements for the year ended 31 December 2023. which comprlse the statement of financial activities, statement of financlal position, statement of cash flows and the related notes. Respectlve responsibilitles of trust8es and examlner As the charity's twstees you are responsible for the preparation of the accounts in accordance with the Charities Act {Northern Ireland) 2008. 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 Northern Ireland under section 65(9)(b) of the Charities Act, and to state whether particular matters have come to my attention. Basls of Independent examlner's report I have examined your charity accounts as required under section 65 of the Chariiies Act and my 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. The examination included a review of the accounting records kept by the charity and a companson of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such Matters. My role is to state whether any material matters have come to my attention giving me cause to believe.. That accounb'ng records were not kept in accordance wth section 63 of the Charities Act That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requlrements of the Charities Act That there is further information needed for a proper understanding of the accounts to be reached, Inishmacsaint Church of Ireland Independent Examiner'8 Report to the Trustees of Inlshmacsaint Church of Ireland (condnued) Year ended 31 December 2023 Independent examlner's statement I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have foun no matters that requlre drawing to your attentiorL ompson endent Examiner In GA Thompson Accountsncy Bannagh Beg Kesh Co Fermanagh BT93 8BY 28 March 2024 Inishmacsaint Church of Ireland Statement of Financial Activities Year ended 31 December 2023 2023 RestnGted funds Total funds Total funds 2022 Unrestricted funds Note Income and endowments Donations and legacies Investment income Other income 59,846 857 10,640 71.343 339 11 60,184 868 10,640 56,540 810 9,583 Total income 350 71,692 66.933 Expendlture Expenditure on charitsble activities Total expenditure 63,841 63,841 869 64,709 53,211 869 64,709 53,211 Net income and net movement In funds 7,502 (519) 6,983 13,722 Reconclliation of funds Total funds brought forward Total funds carried fonNard 349,522 357,024 4,366 3,847 353,888 360,871 340,166 353.889 The statement of financial activities includes all gains and10sses recognlsed in the year. All income and expenditure derive from continuing activities. The nots8 on pages 8 to 15 fom) part of these financial statements. Inishmacsaint Church of Ireland Statement of Financial Position 31 December 2023 2023 2022 Flxed assets Tangible fixed assets Investments Note 11 12 282,376 16,510 298,886 282,655 16,510 299,165 Current assets Debtors Cash at bank and in hand 13 6,583 57,429 64,012 6,015 51,950 57,965 Creditors: amounts falling due wlthln one year Net current assets Totsl assèts less current liabillties 14 2,027 61,985 360,871 3.242 54,723 353,888 Funds of the chaffty Restricted funds Unrestricted funds Total charity funds 3,847 357,024 360,871 4,366 349,523 353,889 15 These financial statements were approved by the board of trustees and authoriséd for issue on 28 March 2024, and are signed on behalf of the board by.. rs J Wray Trustee Mr R Ferguson Trustee The notes on pages 8 to 15 form part of these flnanclal ststements. Inishmacsaint Church of Ireland Statement of Cash Flows Year ended 31 December 2023 2023 2022 Cash flows from operating activitles Net income 6,983 13,722 Adjustments for.. Depreciation of tangible fixed assets Other interest receivable and similar income Changes in.. Trade and other debtors Trade and other creditors Cash generated from operats'ons Interest recerved Net cash from operating activities 279 (868) 310 (8101 {568) 3,309 {1} 16,530 5,827 868 810 6,695 17,340 Cash flows from financing actlvitles Proceeds from borrowings Net cash used in financing activrties (1,216) (1,216) {1,292) (1,292) Net increase In cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 5,479 51,950 57,429 16,048 35,902 51,950 The notes on pages 8 to 15 fomi part of these financial statements. Inishmacsaint Church of Ireland Notes to the Financial Statsments Year ended 31 DeGember 2023 General information The charity is a public benefit entity and a registered charity in Northern Ireland and is unincorporated. The address of the principal office is 37 Glenlevan Road, Sandhill, Derrygonnelly, Co Fermanagh, BT93 6ER. Statement of compllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP (FRS 102)) and the Charities Act (Northem Ireland) 2008. Accountlng policies Basis of preparation The financial statements have been prepared on the historical cost basis, a5 modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the funGtional currency of the entity. Going concern There are no material Un￿rtaIntieS about the charity's ability to contSnue. Judgemants and key sources of estimatlon uncertalnty The Trustees do not consider that there are any critical judgements or estimates made in applying the Pansh's accounting policies or that there are any critical accounting estimates or assumptions which may have a significant risk os causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular futurè project or commitment. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of sub