HOLY TRINITY CHURCH DROMOR£
SOWINC S55DS, cRDWINc CDMMlNI ~~I~~ '(
FINANCIAL ACCOUNTS FOR YEAR £ND£D
31 ST DECEMBER 2023
CHARIT ES NUMBER: NICt 05467
Page 1
HOL Y TIUNITY CHURCH DROMORE References and administrative details Charity Name: Holy Trinity Church Dromore Charity R¢gistration Number: NIC105467 Contact Address: The Rectory 19 Galbally Road Dromore Co Tyrone BT78 3EE Trustees Mr Clive Armstrong Mr Robert Arnistrong Mrs Valerie Bleakley Mr Gordon Deazley Mr Gregory Deazley Mr Joseph Farrell Mr Robert Farrell Mr Charles Kenwell Mr Jonathan Keys ceased 26109123 Mr Stephen Keys Mr Victor Keys Mr Charles Mills Mr Keith Patterson Rev Andew Quill ceased 31108123 Mr Ynyr Smith Mr Hugh Smyth Mr Robert Thompson Princi al Officewbearers Rector: Rector's Churchwarden People's Churchwarden Rector's Glebewarden People's Glebewarden Church Treasurer Church se¢tary Vacant Mrs Val¢ri¢ Bleakley Mr Robert Thompson Mr Ynyr Smith Mr Hugh sMh Mr Charles Kenwell Mr Clive Arnistrong Church O anists Mrs Loma Thompson Mrs Beatrice Keys Inde endent Examiner R Cathers & Co Chartered Accountants & Registered Auditors 107 Main Street, Fintona Co Tyrone Princi al Bankers Ulster Bank Limited 14 High StreeL Omagh, Co Tyrone Page 2
Trustees, Annual Report for the year ended 31 December 2023 The trustees present the annual port and statements of Receipts and Payments and Assets and Liabilities for Holy Trinity Church Dromore for the year ended 31 DecemlKr 2023. Ob'ectives and Activities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of Holy Trinity Church Dromore is to support the advancement of the Christian religion by promoting, through the work of Holy Triniiy Church Dromore 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 benefits of Christianity. As a resuli of activity in the pursuit of the advancement of the Christian religion, Holy Trinity Church Dromore has custody of property and of records, materials, and artefacts of significance to ihe cultural and religious heritage of the aro the maintenance of which is undertaken by the S¢lect Vestry ofHoly Trinity Church Dromore. Achievements Performance & Public Benefit Holy Trinity Church Dromore has offered both 'in-Church worship, and online services on Sunday mornings and at other times. All services were streamed through Facebook Live and later uploaded to YouTube (61 services in 2023). CDS and DVDS of the services were produced for those parishioners who were housebound or who did not have access to the Internct and were then del ivered by a small team around the 1me$. A range of other activities was also provided by Holy Trinity Church Dromore either by the Church directly or through various Church organizations (e.g. Junior Sunday School, Church Lads, Brigade, Girls, Friendly Society, Ignite Youth Group, Prayer & Bible Study and Mothers, Union). Our Parents and Toddlers group (The ARK), which has good cross community support, continues lo have its weekly meetings, Parishioners continue to support the Enniskillen Foodbank, through regular donations of food brought to the church porch or to the Rectory and then delivered to Enniskillen. Over the past year this has arnount¢d to substantial amounts of food and other items being donated to the FoodbanK as w¢ll as moncw donations. Some parishioners hav¢ also helped from time to time at the Foodbank. A number of members of Holy Trinity Church Dromore serve on the Board of Governors of the local Dromore Controlled Primary School and supw)rt and encourage the work of the school helping to maintain good slandard5 and practices. From its first support in 2009 and continuing to the presenL Holy Trinity Church Dromore continues to fundraise for the Fields of Lifc Charity, providing ¢ducational opportunities for deprived cmmunities in East Africa. This is done through donations, clothes collections, events, and a child sponsorship programme. Page 3
Trustees, Annual Report for the year ended 31 December 2023 (continued) Holy Trinity Church Dromore supports the work of several other charities and missionary work by either making donations or holding special collections in respect of same. The activities outlined al)ove demonstrate how Holy Trinity Church Dromore continues to irnplement its charitable purposes (i.e. the advancement of religion) and meet the Public benefit requirement. Benefits to Members of the public include contributing to spiritual well-being of participants and the reinforcement of Christian values. It is hoped that more activities will take place during 2024 in partnership with other denominations in the local area. Holy Trinity Church Dromore continues to support our bereaved members by providing funeral teas on our premises. This has been facilitated by our Mothers. Union and friends and was much appreciated by those families affected. All our helpers have participated in Good Food Hygiene Courses and this will continue on an on-going basis. Holy Trinity Church Dromore has mitigated any potential ham] from the activities ihrough the implementation of the Church of Ireland policy on Safeguarding Trust. We have also drawn up and are implementing a policy on GDPR and continue the process of getting positive consent from those currently on our register. Holy Trinity Church Dromore has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities entered into during the year have helped to achieve the Parish's objectives, as well as providing public benefit. Financial Review The principal source of income of Holy Trinity Church Dromore continues to be from Donations Plate Collections and Investment Income from Endowments, as well as the receipt of occasional Legacies. The principal expense of Holy Trinity Church Dromore is in respect of payments regarding Diocesan CostslAssessment. Holy Trinity Church Dromore had a surplus of receipts over payments of £26,114.02 for the year ended 31 December 2023. Holy Trinity Church Dromore continues to be in a healthy financial state as at 31 December 2023 with total cash funds of £99,600.02. Holy Trinity Church Dromore aims to retain sufficient reserves to meet its expected future expenditure requirements as well as potential future capital projects. Page 4
Trustees, Annual Report for the year ended 31 December 2023 (continued) Goin Concern The trustees have reviewed the planned expenditure for the y¢ar ahead and are satisfied that there are adequale funds in place to ensure that the Parish can continue its activities and the financial w)jections for the year ahead to 31 December 2024 can be signed off as a going concern. Structure Governance and Mana ement Governin Documenl and Constilulion o the Chari Chapter 111 of the Constitulion of the Church of Ireland gov¢ms Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees. Recruliment and A nlmenl o Select Vest Trustees All members of the Church of Ireland who are over the age of18 and are either resident withinthe Parish or live ¢lsewhere but have been accustomed members of the congregation for at least th months may register as members of the Generdl Vestry of the Parish. allowing them to attend and vote at meetings of the General Vestry and to stsnd for election to the Select Vesty. 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. anlsalional Siruclure The Select Vestry is responsible for the day to day management of the Parish. The Select Vesty consists of the member of the clergy serving in the Parish, the Churchwardens, the Glebe wardens and generally not more than twelve other members of the General Vestry elected at the G¢neral Vestry meetin8. The Seleci Vestry is chaired by the Incumbent or other member of the clergy officiating in the Parish. Select Vestry m¢mbers are resp)nsible for making decisions on matters of general concern and imFQrtance 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 Diocesan Synod. Special meetAngs may be convened at any time by the chairperson or the Churchwardens. In 2023 the Select Vestry met 7tirnes during the year and the average attendance was 81 %. Co liance wlth Publlc Bene 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 during the year have helped to achieve the Parish's objectives and activities, as well as providing public benefit. Page 5
Trustees, Annual Report for the year ended 31 December 2023 (continued) 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 Northern Ireland with Income of less than £250,000 (excluding Endowment Income) requires the trustees to prepare a statement of eIptS 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 hence for taking reasonable steps for the prevention and delection of fraud and other irregularities. Signed on Behalf of the Trustees Trustee I cg fA Trustee 2 Charl KelL Church Treasurer Date 2024 Page 6
r cathers - co. -4ARTERED ACCOUNTANTS & gEGISTEREO AUDITORS Independent examlnerfs report to the charity trustees of Hoty Trinity Church Dromore Icharity no. 105467) I report on the accounts of Holy Trinity Church Dromore for the year ended 31 December 2023. Respectlve responsibllltles of charlty trustees and examlner A5 the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It 55 my responsibility to.. examine the accounts under section 65 of the Charities Act,. follow the procedures lald down in the general Directions given by the Commi55ion under section 6519llbl of the Charities Act,. state whether particular matters have come to my attention. Basls of Independent examlnerfs report I have examined yovr charity account5 as required under section 65 of the Charitles Act and my examlnatlon was carried out In accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act. My examlnatlon Included a revlew of the accountlng records kept by the charity and a comparison of the accounts presented with those records. It a150 included consideration of any unusu31 items or disclosures in the accounts. and seeking explanations from you as charity trustees concernin8 any such matters. My role is to state whether any materlal matter5 have come to my attention giving me cause to belleve,. That accountln8 records were not kept in accordance with section 63 of the Charitles Act; That the accounts do not accord with those accountin8 record5,' 3. That the accounts do not comply with the accountln8 requirements of the Charities Act,. That there is further information needed for a proper understandSn8 of the accounts to be reached. Independent examlnerfs statement I have completed my examination and have no concerns in respect of the matters111 to141 listed above and, in connection with followin8 the Oirections of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Rlchard Cathers FCA Chirtered Accountant 107 Maln Street. Flntona, Co Tyrone. BT78 2AH Date . 9 Aprll 2024 107 Main Street Fintona Co.TyTone 8T78 2AH 028 82 440 744 G info@rcathars.com %Mwl.rcathers.cm or*2 i _g•th>r< Fr.a CHARTERED ACCOVNTANTS IRELA.ND
HOLY TRINITY CHURCH DROMORE - NIC 105467 STATEMENT OF R•c•lpts & Payments lor th• yaar •nd•d 31 D•c•mber 2023 Unrestrlctsd Funds 1)oslgnated Funds Restrlct Funds Endowment Funds Tetal Funds Prgvlous Year 2022 INCOME DONATIONS & PLATE COLLECTIONS 59.986.24 200.00 3,186.16 0.00 0.00 63,372.40 0.00 69,299.14 227,000.0( 131.3( LEGACIES 0.00 0.00 BANK & SUNDRY INTEREST 523.11 80.00 0.00 603.11 of I TRUSTEE WITHDRAWAL 0.00 0.00 0.00 80.OW.O( 34,781.11 3,760.2., 1,467.01 INVESTMENT INCOME 34.977.21 7,567.80 3,645.25 10,367.61 0.00 34,977.21 7,567.80 3.645.25 10,367.61 991.60 RENTAL OF PREMISES 0.00 0.00 OTHER RECEIPTS 0.00 0.00 0.00 FUNDING EVENTS PAYMENTS BY PARISH ORGANISATIONS 991.60 0.00 0.00 1,760.41 418,199.4: TOTAL RECEIPTS 117,067.22 1,271.60 3,186.16 0.00 121,524.98 Unrestrlcted Funds Deslgnated Funds Restrl¢tod Funds Endowment Funds Total Fund¥ Prevlous Yr 2022 EXPENDITURE DIOCESAN COSTSIASSESSMENT 60,849.68 11.561.82 6,712.96 8.426.78 0.00 0.00 87,551.24 0.00 ,849.68 13.076.01 6,712.96 8.426.78 8,345.53 0.00 51,955.51 12.118.9- 4,011.0-. 11.032.11 7,484.71 CHURCH & HALL RUNNING COSTS 1,514.19 0.00 GLEBEIRECTORY COSTS 0.00 0.00 DMINISTRATIVE COSTS 0.00 0.00 0.00 CHARITABLE DONATIONS 6,345.53 0.00 0.00 PAYMENTS BY PARISH ORGANISATIONS 0.00 1.514.19 6,345.53 0.00 95,410.96 87,830.0. AC UISITIONS 0.00 0.00 0.00 0.00 156,500.01 FU14DS TRANSFERRED TO INVESTMENTS 0.00 0.00 0.00 0.00 230.263.7', TOTAL PAYMENTS INCLUDING FUNDS TRANSFERRED TO INVESTMENT 87.551.24 1,514.19 6,345.53 0.00 95,410.96 474,593.71 (DEFICIT) EXCESS 29,515.98 -242.59 -3,159.37 0.00 26,114.02 -56,394.S TRANSFERS Gross Iranslers between funds- in ross Iranslers befren funds -out TOTAL 29,515.98 -242.59 -3,159.37 0.00 26.114.02 -56,394.S Unrestrlcted Funds Designatsd Funds Restrlcted Funds Endowment Funds Total Funds Prevlous Year 2022 RECONCILIATION AT JIST D•c•mbK 2023 Cash al bank & in hnad al 01101123 £ 73,365.00 £ 29,515.98 £ 102,880.98 604.00 242.59 846.59 £ 3,895.00 -£ 3,159.37 £ 735.63 -£ 3,170.00 £ 73,486.00 £ 26,114.02 £ 99,600.02 £ 129,873.C -£ 56,394.CKJ £ 73,479.(MJ ' Surpluslldeficrtl this year end Cash al bank & in hnad al 3111212023 -£ 3,170.00 Page I
HOLY TRINITY CHURCH DROMORE- NIC105467 Balance Sheet as at 31st December 2023 Unr•strl¢ted Fund• D••lgnat•d Funds Ro•trlct•d Funds Endown Fund Provlou• Y•ar 2022 RECONCILIATION AT J1ST D•¢•mb•f207J Futh Cash at bank & In hnad at 01101123 £ 73,365.00 .£ 604.00 £ 3,895.00 3,170.00 73,486.00 £ 129,873.00 Surpluslldefiall this year eThJ £ 29,515.98 -£ 242.59 -£ 3,159.37 26,114.02 56,394.00 Cash at bank & in hnao ai 3111212023 £ 102,880.98 -£ 846.59 735.63 3,170.00 99,f£lO.02 73,479.00 Ca•h Funds General Account No. 1 £60,449.39 £60,449.39 £34,092.78 Fields of Life Account £29,558.93 £29558.93 £28.567.33 Hall Equipment Account £6.321.43 £6.321.43 £7.555.62 Dromore Parish Youth Council Account £944.20 £944.20 £944.20 Dromore Parish Ignite Account £383.98 £383.98 £383.98 Holy Trinity Bowling Club Accounl £289.55 £289.55 £289.55 The Ath Attount £1.652.79 £9,591.9S £1.852,79 £1.852.79 £73,486.20 Tol•l C•sh Pund• £60.449.39 £29,008.93 £WOO.27 v•s Glebe LandslFamiland RCB Investments Col Trustees Investments £316.700.00 £311700.00 £154,889.iJ) £1,035,042.96 £1,501631.96 316.7CvJ.Oi 150,377.(J 989,850.01 £1,466,927.00 £154,889. £1,035.042.96 £1,189,931.96 T•t•l Inv••tm•nt A•Mts £316.700.00 Ass•ts r•taln•d for th• Parl•h'• own us• The Old Rectory, Glebe Hou$elRectory Fixtures & Fittings Total Ass•ts r•taln•d for lh• Parlsh's own us• 156.500.00 64,416,57 5.167.24 1&,500.00 e4,416.57 5,167.24 1 S6.500,1) 64.416.5' 4,81S.11 226,083.81 0.00 2J,083.81 226.731.8' Total Ass•ts 603,233.20 9,691.95 29,668.93 1,189,931.96 1.84316.04 1,766.144.9. Page !
Notes to the financial statements for the year ended 31 December 2023 l. Accounting Policies Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payments Account and the State of Assets and Liabilities. (a) Receipts and Payments Account 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 relained for the Parish's own use The assets of the Parish, retained for its own use comprise of.. - l. Church Building and Graveyard 2. Church Hall 3. Glebe House/Rectory 4. Fixtures and fittings The Church Building and Graveyard are deemed to be Heritage Assets as defined by the Charities SORP (ERS102). These Heritage assets are not included in the Statement of Assets and Liabilities as infonnation 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. The Church Hall is physically attached to the Church and as such is not separable as an individual asset. As such it is deemed to be a Heritage asset and no value is ascribed to it in the Ststement of Assetsand Liabilities. The Glebe HouselRectory is recognised at COSL being the cost of construction of the property. No depreciation has been provided on the Glebe House/Rectory as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. Fixtures and Fittings are recognised at cost and are depreciated on a straight-line basis over a period of 5 years. The Church has set a minimum threshold of cost for an item of £500 for it to be considered to be capitalised as a fixed asset. (li) Investments Fixed asset investments comprising Glebe Lands/Farniland, Representative Church Body (RCB) Investments, Church of Ireland (COI) Trustees Investments and Other Listed Investments are initially recorded at cost and are then subsequently stated at fair value at each year end date. l. Reconciliation of Cash Funds Total Cash Funds at Beginning of the Year Receipts for the Year Payments for ihe Year Total Cash Funds at End of the Year £73,486.00 £121,254.98 -£95,410.96 £99,600.02 Page 10
MOVEMEwf IN FUNDS (cowfiNUED) Purposes of Endowment Funds Both the RCB Endowment Funds and the COI Trustees Endowment Funds relate to various perrnanent endowments (except for £151,606 of the COI Trustees Endowment Funds That is an expendable endowment} that the Church has received that ar¢ invested with the Representative Church Body and the Church of Ireland Trustees with the income each year from such investm¢nts being paid to the Church for general Church purpo5, Purposes of Restricted Funds Fields of Life Fund: This is a fund that has been set up to assist with the work of the Charity Fields of Life in Africa. Fund for t)onations to meet Nominated Expenses: This is a fund for donations receiKd that are to meet certain nominated expenses. Restricted Hall Equipment Fund: This fund relates to monies specifically to assist in tkt purchase of any equipment that might be needed for the Church Hall and Kitchen. Fund for Collection for Third Parties: This fund lates to collections for third parties that are then passed on to the respective third party. Further delails regarding this are included in Note 4 to these accounts. Purposes of Designated Funds Bowling Club Fund: This fund lateS to monies that have been set aside for the aaivities of the Church's Bowling Club. Hall Equipment Fund: This fund relates to monies that have been set aside to assist inthe purchase of any equipment that might be needed for the Church Hall and Kitchen. Ignite Fund: This refund relates to monies that have been set aside for the activities ofthe Church's Youth Group called "Ignite" The Ark Fund: This fund relates to monies that have been set aside for the activities ofthe Church's Parent and Toddler Group called "The Ark" which serves the wider community. Youth Council Fund: This fund relates to monies that have Ien set aside for youth aolvities within the Church. 2. Transactlon with the Trustees An amount of £ 1000.00 was paid during the year to a Trustee, Mr Joseph Farrell. in rtspect of grass cutting. 16.75 acres of farmland was let to a Trustee, Mr Hugh Smyth, during the year for a conacre rent of £2550.00.9.26 acres of farniland was let to a Trustee, Mr Robert Farrell, during the year for a conacre rent of £500.00 Page 11
Nots8 to the flnanclal Jtat&mènts for tho y91r endad 31st DDcbmbor 2023 Iconunuodl MOVEMENT IN FUNDS Assgts Acqulred net of S810¥ and Inc¢)mlng Rg8our¢g8 Ouung R•sour¢es RevaluOn Doproclatlon & Inwslmgnt Galn (Los81 1st J•n 2023 Transfern 31th Doc 2023 ndowmonl Funds CB Endonen1 Funds 150,377.C £ 4.512.00 154,889.(X) l Truslee Endowment Funds 989.849.65 £ 45,193 31 £ 1,035,042.96 £ 1,140,226.65 £ 49,705.31 £ 1.189,931.96 trlcted Funds *kJs of fe Fund 28.567.33 991 eo 29.558.93 ui ment Fund -£ 500. ctlon for Thlrd Partbe¥ 2,385. -£ 2,385.00 31.452.33 991.60 -£ 2,885.00 29.558.93 nrn•trlcted Fund• I Club Flxed 289.$5 289.5S ui m&nl 7.055.62 280.00 -£ 1.014.19 6.321.43 ite 383.98 1.618.98 1,618.98 ¢xrth Councll gH.20 944.20 574,175 30 £ 29,091.71 603267.0. 684.467.63 É 29,371.71 1.014.19 612,825.15 T•t•l Funds £ 1.756.146.61 £ 30,363.31 -£ 3.B99.19 £ 49.705.31 £ 1,832,316.04 Page 1