Derryvullen North Parish Church of Ireland Trustees. Annual Report Year ended 31 December 2023 The trustees presenl their report and the unaudited fjnancial statements of the charity for the year ended 31 Decernber 2023. Reference and administrative detalls Registered charity name Dcrryvullen North Parisb Church of Ireland Charfity registration number Ntcl 05474 Principal office The trustees Archdeacon Canon Thompson Mr E H Mvore Mr N Hunter Mr D Robinson Mi's A Stubbs Mr N Scott Mrs l Gibson Mr S Johnslnn Mr R Walker Mr S Allisfrr Mr R Coulter Mr R Allen Mi" M Hunter Mrs M Humes Mrs V Hughes Mr D Dunlop Company secretary Independ8nt examlner Mr E H Moore Crudden Dolan Ltd 23-25 Darling Street Enni.skillen Co Fernian4oh BT74 7DP
Derryvullen North Parish Church of Ireland Trustees. Annual Report Year ended 31 December 2023 Objectlves and Activities The charitable purpose of the Church of Ireland 18 the advanceinent of religion. The principal function of Derryvullen North Parish Church is to support the advdncement of the Christian religion by promoting, through ihe work of Derryvullcn North Parish Church the wholc mission ot the Church. pastoral. evangelistic: social and ecumenical. Being open to dnd engaging with society as a whole. and offering support for tho.se needing help are fundamental the practical delivery of the benefils of Christianity. The objective of our Parish is to advance the mi.ssion of the Christian Church. through worship.. service, and fellowship. These objectives are carried out through mission and pa.8toral activities. The principal activitie8 of the Church are public wor8hip and the spiritua] development of its members. In carrying out its objectives the Church depends uwn the contribution, both human and material. of many volunteers from the parishioners. Activities carried out include contiibutions preparatory to and during worship, service on the Select Vestry and through group activities, the maintenance of premises and fabric. and a variety of pastoral and social activities. These contributions are all highly valued and all members of the congregation are encouraged to, and many do, participate in them. As a result of activity in the pursuit of the advancement of the Clllistian religion, Derryvullen North Parish Cburch has custody of property and of rOrdS, materials and artefacts of significance to the cultura] and religiou.s heritage and maintenanLc of which is undertaken by the select vesty of Deryvu]Icn Noith Parish Church Achievements, Perfornlance & Publie Bendlt Thc Parish has given careful consideration to the Charity Conirnission for Northern Ireland's guidance on public benefit to ensurc that the activities entered into during the year have helped to achieve the Parish's objectives and aclivities, as well as providing public benefit. Derryvullen North Parish Church fulfils its objectives through the weekly Sunday Seivices- including Holy Communion, Morning Prayer (in both forn]al and more inlonnal versions). and Services of the Word. Services are led by the Incumbent with the .8upp)rt of a P<wish Reader as well a8 a group of Parishioners who assist with Readings and occasionally Intercessions. A dedicated and skillful "0up of people decorate the sanctuary each week and thi's helps enhance the space and time togcther. The Parish offers pastoral care and supw)rt where possible to all &ssociated with the Parish and who wish to avail of it. This includ&s ongoing pastoral care and also special support linked with crises or pastoral emergency. In all of this the Incumbent is assisled by a Diocesan Pastoral A8S18tant. Pastoral Care is carrted out through horne visits. hospital and nursing home visit well &$ the administration of Holy Communion to the sick, elderly and housebound. The Parish offers liturgical and pastoral support through the Occ&sional Offjce baptisni confirmation, marriage, ministry to thc sick, burial of the dead.
Derryvullen North Parish Church of Ireland Trustees. Annual Report Year ended 31 December 2023 There is a very active Sunday School in the P¥Ish that currently has 46 on the roll. As well as being part of the Sunday School, the young people also make specific contiibutions to the many services thi'oughout ihe year. Thei'e i.s also an annual Children's Day Celebration Scrvice and also a marking of Mothcring Sunday Fath¢rs Day. An important element of the ministy of the Sunday Sch1 is helping coordinate the collection of gifts for a local Food Bank. The major festivals of the Liturgical Year are observed and celebi.afrd including: Harvest, Christmas, E&strr and Remernbrance Day. Highlights of these occ&sions are the Harvest Thanksgiving with the abundant decorations and the Sunday evening Harvest Supper. The Midnight Celebration of Holy Communion at Christmas is also a very wpulrfu" and well loved Service. Thei"e are also the following groups: Boy.s' Brig¢ide, B()wling Club, Choir, Walking &'oup, Catering Group and, in conjunction with the parish of Castle Archdale. the Mother%. Union and also a Women'8 Group. Thesc offer a variety ot social occasions and opportunities tor ministry ]d service in the course of ihe year. A specific role of one of the Mother's Union office holders is to be a support to those rncmbers who are housebound. A ncw group for the church and community thai has been established this past year is the Craft Group, meecing weekly for most of the year in the parish centre, Irvinestown. This brings together people to enjoy their craft work in a context of friendship and convei3ation. The montlLly Shoppers, Service continues in the parish centre and it aIso provides a space for friendship and conversation. The Parish is also represented in the wider community by the involvement of the Rector as a member of the Board of Governors of the local (Irvine8town) Primary School. He alsc) regularly leads assemblies in the School. Going Concern The tnlstees have reviewed the budgets for the year ahead and are satisfjed that there are adequate funds in place to ensure that the Parish can continue it.4 activitics and the financial statements foi. the ye. end 2023 can be signed off as a going concern Strncture. Governance and Management Governing Document and Constitution of the Charity Chapter Ill of the Constitution of ihe Church of Ireland governs Parishes and Parochial Organisation. The Select Vesty members are the Charity Trustees Recruitment and Appointment of Select Vestry All members of the Church of Ireland who are over the age of18 and are either resident within ihe parish or live elsewhei"e bui have been accustomed Membe of the congregation foi" at least three monlhs, may
Derryvullen North Parish Church of Ireland Trustees. Annual Report Year ended 31 December 2023 register as members of the general ve.stry of the paTish, allowing them to attend and vote at meetings of the general vestry and to stand for election to the select vcsty. Meetings of the general vesty are lield at le<t once per annum. The Sel¢ci Vestry is electcd as part of this General Vestry meeting. The Selecl Vestry will hojd their positions for a PeTiIMI of one year. Select Vestry members may be re-elected annually lind there is no limit on the number of ternis which May be served. Payment and remuneration The Incumbent serves both Denyvullen Noith Parish and Deryvullen North &$ a 'ollped Cure and receive.q a 8tipend, office and locomotory allowances in accordance with fjgures approved by the General Synod of the Church of Ireland. Organlsatlonal Structure The seleci vesiry 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 glebe warden,s and generally not more than twelve other members of the general vestry elected at the Annual General Vestry. The select vestry is chaired by the incumbent or olher member of the clergy offlciating in the parish. SelcLt vcsty members arc rcsponsible for making decisions on matters of gcnerdl concern and importance to ihe parish including deciding how parish fund8 are io be applied. The Select Vestry meets at times fixed by thc mcmbers or by the diocesan synod. Thc trustees, annual report was approved on 8 May 2025 and signed on behalf of the board of trustees by.. Archdeacon Canon Thompson Tru.8lee Mrs l Gibson Tru,%tee
Derryvullen North Parish Church of Ireland Independent Examiner's Report to the Trustees of Derryvullen North Parish Church of Ireland Year ended 31 December 2023 I report to the trustees on my examination of the financial siatements of Derryvullen North Parish Church of Ireland ('the chaTity') for the year ended 31 December 2023. Responsibilities and b&sis of report As the trustees of the charity you are reswnsible for the preparation of the financial statements in accoidauce with the requirements of the ch¢itieS Act (Northern h"eland) 2008 (the '2008 Act,). You are ,satisfied that your charily is not required by charity law to be audited and have chosen inslead to have an independent examination. I rcport in respect of my examination of the charity's financial statements &s carried out under section 65 of the 2008 Acc. In carying out my examination I have followed the general Directions given by the Charity Commi.q.qion for Northern Ireland under section 65(9)(b) of the 2(M)8 Act. Independent exan)iner's statement Since the charity's gross incorne exceedcd £2.50:000 your examincr must be a member of a body listed in .8ection 65 of the 2008 Acl. I confimi that I am qualified lo underlake ihe exainination because I am a member of the Inststute of Chartered Accountants in England Wales (ICAEW). which is one of the listed bodies. I have completed my examinatlon. I confirni that no matters have come to my attention in connection with my ¢xaminaiion giving me Cause lo bclieve that in any material respecl: accounting records were not kept as required by with section 63 of the 2008 Act, or the fjnancial statements do not accord with those records; or the financial statements do not comply with the accounting rcquiremcnts of the 2008 Act. or the financial statements do not comply with the applicabje requirements concerning thc form and content of accounts set. out in the Charities (Accounts and Rcports) Regulation.8 2008 other than any requiremeni ihat the accounLs give a 'true and fair, view which 18 not a nialter considered as part of an independent examination. I confirni that there are no other matters to which your attention should be drawn to enable a proper under.standing of the accounts to be reached. Signed.. 14th May 2025 Catherine Crudden For and on behalf of Cruddcn Dolan Limited 23-25 Darling Street Enniskillen C.0 Fcrnianagh BT74 7DP
CHARITY NUMBER: NIC105474 Derryvullen North Parish Church of Ireland Unaudited Financial Statements 31 December 2023 CRUDDEN DOLAN LTD Chartered accountants 23-25 Darling Street Enniskillen Co Fermanagh BT74 7DP
Derryvullen North Parish Church of Ireland Financial Statements Year ended 31 December 2023 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements
Derryvullen North Parish Church of Ireland Trustees. Annual Report Year ended 31 December 2023 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 Decenther 2023. Reference and administrative details Registered charity name Derryvullen North Parish Church of Ireland NICI 05474 charity registration number Principal office The trustees Archdeacon Canon Thompson Mr E H Moore Mr N Hunter Mr D Robinson Mrs A Stubbs Mr N Scolt Mr.8 I Gibson Mr S Johnston Mr R Walker Mr S Allister Mr R Coulter Mr R Allen Mr M Hunter Mi'.$ M Humes Mrs V Huohes Mr D Dunlop Mr E H Moore Company secretary Independent examlner Crudden Dolan Ltd 23-25 Darling Street Enniskillen Co liennanagb BT74 7DP
Derryvullen North Parish Church of Ireland Trustees, Annual Report Year ended 31 December 2023 Objectives and Activities The charitable purpose of the Church of trelaud is the advancement of religion. The pIincipal fLmCtion of Deiryvullen North Parish Church is to support the advanc¢mcnt of the Christian religion by promoting, through the work of Dcrryvullen North Parish Church the whole mission of the Church. pastoral, evangelistic, social and ecumenical. Being open Io (d engagino with society as a whole, and offering support for those needino help are fundamental the practicdl delivery of the bcncfits of Cbristianity. Thc objective of our Parisb is to advance the mission of the Christian Church, through worship, servi. and fellowship. These objectives are carried out through mission and pastoral activities. The principal activities of the Church are public worship and the spiritual development of its members. In Crying out its objectives the Church depends upon the contribution. both human and material, of rnany volunEeis trom the parishioners. Activities carried out include contributions preparatory to and during wor.ship.. service on the Select Vestry and through group activities, the maintenance of Premises and fabric, and a varieiy of pastoral and social activities. These contributions are all highly valued and all members of the congregalion are encouraged to. and many do, participate in them. As a re8uIt of activity in the pursuit of the advancement of the Christian religion, Derryvullen North Pari,sh Church has custody of property and of records. malerial.s and artefd"CLs of significance lo the culiui'al and religious heiitage and maintenance of which is undertaken by the select vesty of Derryvullen North Parish Church Achlevements, Perforniance & Public Benefit The Parish ha.s given carcful 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, a,$ well as providing public benefit. Denyvullen North Parish Church fuifils its objectives throuoh the weekly Sunday Services including Holy Communion, Motning Prayer {in both formal and more int0rn18J versions), and Services of the Word. Services are led by the Incumbent with the Support of a Parish Reader as well as a group of Pari.shioners who assist with Readings and occasionally Intercession.s. A dedicated and skillful group of people decorate the sanctuary each week and thi.s helps cnhance the gpace and titne together. The Parish offers pastoral Ca and 8UPPOrt where possiblc to all associaled with thc Parish and who wish io avail of it. This includ&s ongoing pastoral care and alsn special support linked with crises or pastoral emeroency. In all of this the Incumbenl is assisied by a Diocesan Pastoral Assistant. Pastoral Care is catried out through home visits. hospital and llursing home visit as well as the a(Iministration of Holy Communioj) to the SICK elderly and housebound. The Parish offers liturgical and pastoral SUp)rt through the Occasional Office baptism, confirmation, marriage. ministy to the sicL burial of the dead.
Derryvullen North Parish Church of Ireland Trustees. Annual Report Year ended 31 December 2023 There is a very active Sunday School in the Parish that currently has 46 on the roll. As well as being part of the Sunday Sch(x)I, the young people also make specific contsibutions lo the many services throughout the year. There is also an annual Children's Day Celebration Service and also a M'king of Mothering Sunday and FatheTS Day. An important element of the ministry of the Sunday Sch(KJl is helping coordinate the collection of gifts for a local Food Bank. The major festivals of the Liturgical Year are ob.served and ¢elebraled including.. Harvest, Christmas, Easter and Remembrance Day. Highlighis of these occasions are the Harvest Thank$VIng with the abundant decorations and the Sunday evenina Harvest Supper. The DAidnight Celebration of Holy Communion at Christmas is also a very popular and well loved Service. There are also the following groups". Boys, Brigade, Bowling Club, Choir, WaIking Group, Catering Group and, in conjunction with the parish of Casile Archdale. Ihe Molher8' Union and also a Women's Group. These offer a variety of social rtca.qions and opportunities for ministry and service in the course of the year. A specific role of one of the Mother's Union office holders is to bc a support to those tnernbers who are housebound. A new group for the church and community that h&$ been established ihis pa81 year is the Craft Group, meeting weekjy for most of the year in the parish centre, Irvinestown. This brings logether people to cnjoy their craft work in a context of friendship and conversation. The monthly Shoppers, Service Continu in the patish centre and it also provides a space for friendship and conversation. The Parish is also represented in the wider communily by the involvemenl of the Rector as a member of the Board of Governors of the local (Irvinestown) Prirnary School. He also regularly leads assemblies in the School. Going Concern The trustees have reviewed the budgcts for thc year ahead and are satisfied that there are adequate funds in place to cn&u that the Patish can continue its activities and the financial statements for the Ye end 2023 can be signed off as a going concern Structure, Governance and Management Governino Document and Constitution of the Charity Chapter Itl of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the L'harity Trustees Recruitment and Appointment of Select V&stry All members of the Church of Ireland who are over the age of18 and are either residenl within the parish or live el.qewhere but have been accustomcd members of the congregation for at least three months, may
Derryvullen North Parish Church of Ireland Trustees. Annual Report Year ended 31 December 2023 There is a very active Sunday School in the Parish that currently has 46 on the roll. As well as being part of the Sunday School, the young people also make specific conttibutions to the many seivices throughout the year. There is also an annual Children's Day Celebration Service and also a marking of Mothering Sunddy and Fathers Day. An important element of the ministry of the Sunday School is helping coordinate the collection of gifts for a local Food Bank. The major festivals of the Liturgical Year are observed and celebrated including: Harvest, Christmas, Easter and Remembrance Day. Highlights of these occasions are the HVest Thanksgiving with the abundant decorations (md the Sunday evening Harvest Supper. The Midnight Celebration of Holy Communion at Chn'stmas is also a very popular and well Joved Sei-vice. There are also the following groups: Boys. Brigade. Bowling Club. Choir, Walking Group Calering Group and, in conjunction with the parish of Castle Archdale. Ihe Mothers, Union and also il Women's Group. The.ge offer a variety of social eaS1onS and opportunities for ministty and bervice in the course of the year. A specific role of one of the Mother's Union office holders is to be a support to Ihosc mcmbers who arc housebound. A new group for the church and community that has been eslablished this past year is ihe Ci'aft Group, meeting weekly for most of the Y in the parish centre, Irvinestown. This brings together people to enjoy their craft work in a context of friendship and conversation. The monthly Shoppers. Seivice conlinues in the parish centre and it also provides a space for frlendship and conversation. The Parish is also represented in the wider community by the involvement of the Rector as a member of the Board of Govcrnors of the Jocal (Irvinestown) Pnmary School. He also regularly leads assemblies in the School. Cwoing ConLern Thc trustees have reviewed the budget8 for the year ahead and are satisfied that there are adequatc funds iii place to ensur¢ that the Parish can continue its activities and the financial statements for the year end 2023 can be signed off &s a going concern Structure, Governance and Management Governino Docuinent and Constitution of the Charity Chapter IIt of the Constitution of the Church of 'eland governs Parishes and Parochial Oroanisation. The Selecl Vestry members are the Charity Trustees Recruitment and Appointment of Select Vestry All member.s of the Church of Ireland who are over the age of18 and are either resident within the parish or livc clsewhere but have bccn accustomed ftnembers of the congregation for at least threc months. may
Derryvullen North Parish Church of Ireland Trustees. Annual Report Year ended 31 December 2023 register as members of thc general vestry of thc parish, allowing them to attend and vote at meetings of the general veslry and to stand for election to the select vestry. Medings of the genei.al vesty are held at least once per annum. The Select Vestry is elected as part of this General Vestry meeting. The Select Vestry will bold their positions for a period of one year. Select Vesty members may be re-elected annually and there is no limit on the number of tern]s which may be served. Payment and remuneration The Incumbent serves both Derryvullen North Parish and Derryvullen North as a grouped Cure and receives a stipend, office and locomotory allowances in accordance with figures approved by the Genera] Synod of the Church of Ireland. Organlsational Structure The select vestry is responsible for the day-t(Fday managemenl of the parish. The select vestry consists of the tncmbei. of the clergy serving in the parish, the chuTchwardens, the glebe wal'dens and genei.ally not mole than twelve other members of the general vestry elecied al thc Annual Geneial Vestry. The select ve.stry 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 d¢ciding how parish fvnds arc to be applied. The Scl¢ct Vestry meets at lime.% fixed by the mcmbers or by the diocesan synod. The trustees, annual report w&s approved on 8 May 2025 and signed on behalf of the board of trustees by: Archdeacon Canon Thompson Trustee Mrs l Glbson Trustee
Derryvullen North Parish Church of Ireland Independent Examiner's Report to the Trustees of Derryvullen North Parish Church of Ireland Year ended 31 December 2023 I report to the trustees on my examination of thc fiDclaI statcments of Denyvullen North Patish Church of Ireland ('the charity,) for thc year ended 31 Decembcr 2023. Responsibilities and basis of report As the trustees of the charity you are T¢sponsible for the preparation of the financial statements in accordance wilh the requirements of ihe Charities Acl (Northern Ireland) 2008 (the '2008 Act,). You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination. I report in respect of rny examination of the ChIty'S financial statements as carried out under section 65 of the 21)08 Act. In carrying out my examination I have followed the general Directions given by the Charity Con]mission for Northern Ireland under section 65(9)Ib) of the 2008 Act. Independent examiner's statement Since the charity's gross income exceeded £250.(XX) your examiner must be a member of a body listed in section 65 of the 2(K)8 Act. I confirm that l am qualified to undertake the examination because l am a member of th¢ Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. I have complet1 my exarnination. I confirni that no matters have come to my attcntion in connection with n]y examination giving me cause to believe that in any material respect.. accounting records were not kept as required by with section 63 of the 2008 Act. or the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements of the 2008 Act. or the financial statements do nol comply with the applicable requiremenls concerning the fonn and content of accounts sct out in th¢ chltieS (Accounts and Reports) Rcgulations 2W8 other Ihan any requiremeni ihat the accounLs give a 'ttue and fair, view which is not a matier eon.8idered as part of an indeperjdent exarninalion. I confirm thai there are no other matters to which your attention should be drawn lo enable a proper underslanding of the accounls to be reached. Signed: 14th May 2025 Catherine Crudden For and on behalf of Crudden Dolan I,tmiied 23-25 Darling Strcet Enniskille Co Fermanagh BT74 7DP
Derryvullen North Parish Church of Ireland Statement of Financial Activities Year ended 31 December 2023 2023 Restiicted funds Total funds Total funds 2022 Unrestricted funds Note Xncome and endowmenls Don<itionq and legacies Charitable activities Investment income Other income 277,147 12.543 598 12,386 2.465 704 279,612 13.247 598 12,386 72.295 ?0,942 288 11,943 Total income 302,674 3.169 305,843 105,468 Expenditure Expenditure on charitabl¢ activities Total expenditure 88,666 3,169 91,835 82,190 88.666 3,169 91.835 82.190 Net Income 214,008 214.008 23.278 Other recognised gain$ and losses Other gainsl(losses) user defined I Net movement in funds 8,980 8,980 14.789 222.988 222.988 38.067 Reconclliation of funds Total funds brought forward Totsl funds carrled forward 2,124,988 2,124,988 2,086,921 2,124,988 2,347,976 2.347,976 The statement of financial activities includes all gains and losses recogmsed in the year. All income and expendiiure derive frorn continuing aciivities. The notes on pages 8 10 15 torni part ol these Ilnanclal statements.
Derryvullen North Parish Church of Ireland Statement of Financial Position 31 December 2023 2023 2022 Note Flxed assets Tallgible fixed asset 12 1,651,253 1,645,597 Current wets Cash at bank and in hand 696.7?3 479,391 Iyet current &wts 696,723 2,347,976 479.391 Total assets less current liabilities 2,124,988 Funds of the cbarity Unrestricted funds 2,347.976 2,124,988 Totsl charity funds 13 2.347,976 2,1?4.988 These financia] stalernent8 were approved by the board of trustses and auihorised for issue on 8 May 2025, and are signed on behalf uf thc board by: Archdeacon Canon Thompson Tru.stce Mrs l Gibson Trustee The notes on pages 8 to 15 forni part of these financlal statemenls.
Derryvullen North Parish Church of Ireland Notes to the Financial Statements Year ended 31 December 2023 General infonnation The charity is a public benefit entity and a registered charity in Northern Ireland and is uninco0raIed. The address of the 7Cipal office is the Rectory, 5 Enniskillen Roa(L Irvinestown, Co Fernwiagh. B T94 IBD. Statement of compliance These financial statements have been prepa] in compliance with FRS 102, 'The Financial Reporting Stand<d tipplicable in the UK and the Republic of treland,, 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 (FRS 102) (Charities SORP (FRS 102)). the Charities Act (Northern Ireland) 2022 and ihe Charities Act (Northern Ireland) 2C()8. Aceountlng pollcies Basls of preparation The financial statements have been prepared on the historical cost b&sis, as modified by the revaluation of certain financial asscts and liabilitles and investment properties rneasured at tair value through income or expenditure. The financial statements are prepared in slerling. which is the functional currency of the enlity. Golng concern There are no malerial uncertainties about the ¢harity's ability to continue. Fund aecountlng unre.stricted funds are available for use at the discretion of the trusiees to further any of the ch¢Wity's purposes. Designatcd funds are unrestricted funds earniatked by the trustees for particular future project or commitment. Restricted funds are subjectrd to restrictions on thcir expenditure declared by thc donor or through the tetms of an appeal, and fall into one of two sU1claSses.. restricted income funds or endowment funds.
Derryvullen North Parish Church of Ireland Notes to the Financial Statements (¢ontinued) Year ended 31 December 2023 Accounting polici (eoiilinmed) Incoming resources All incoming resources are included in thc statcment of fllw)cial activities when entitlement has passed to the charity. it is probable that the economic benefits associated with the transaction will flow to Ihe charity and the amounl can be reliably measureiL The following specific policies are applied to particular categories of income: income frorn donations or grants is recognised when there is evidence of entitIement to the gift. ceipt is probable and its amounl can be measu1 reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated go(Kls is me&sured at the fair value of the gdS unless ihis is impractical to measure reliably. in which case the value is derive{1 from the cost lo Ihe dnnor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of genera] volunteers. incom¢ from contracls for the supply of services is recognised with the delivery of the contracled service. This is classified as unrestrlcted funds unless there is a conlractual requirement for it to be Snt on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classifjed under headings of the statemenl of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising actlvilies. events, non- charitable trading activities. and the sale of donated go(xls. expenditure on charitable activities includes au costs inCued by a Chlty in undertaking aLtivilies that further its charitable aims for the Irneflt of its beneficiarics, including tho.se support costs and costs relaling to the governance of the charity apportioned to Chitable activities. oiher expendilure includes all expendilure that is neiiher related to raising funds foi. the charity nor part of its expenditure on charitable activities. All costs are allocated ro expenditie categories reflecting the use of the resource. Direct costs attributable to a single activity are allocalcd directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Derryvullen North Parish Church of Ireland Notes to the Financial Ststements (¢ontinued) Year ended 31 December 2023 Accounting policies (Coed) Tangible &ssets Tangible a8SCts are initially recorded at cost. and subsequently stated al Cost less any accuinulated depreciation and impairnient losses. Any tangible assels carried al revalued amounts are recorded at the fair value at the date of revaluation less any subsequenl accumulated depreciatton and subsequent accumulated impainnent losses. An increase in thc carrying amount of an asset as a result of a revaluation, is recognised in other recognised galns and losses. unless it reverses a chargc for impairnient ihai has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a resuli of revaluation. is recognised in other recognised gains and10sses, except to which it offsets any previous revaluation gain, in which case the Ioss 18 shown within other recognised gains and losses on the statement of financ1 activities. Impairnient or rixed &ets A review fur indicators of impaimicnl is carried out at each rcporting date. with the rccoverable ami)unt being estimated where such indicators exisL Where the canying value exceeds the recoverable amount, the a.ssel is impaired accordingly. Prior impairments are also reviewed for possiblc rcvcrsal at cach reporting date. For th¢ purposes of impairment te.sting, when it is not possible to estimate the recoverable arnount of an individual asset, an estimate is made nf the recoverable amount of the c&%h-generaiing unit lo which the asset belong.s. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash infiows that largely independent of the cash inflows from other assets or groups of assets. For impairn]ent testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generaung units that are expected to bencfit from the synergies of the combination, iJTespective of whetheT other assets or liabilities of the charity are assigned those units. Financial instnllnents A financial asset or a financi liability IS Tecognised only when the charity becomes a party to the contractual provisions of the instrnment. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequendy measured at amortised cost. 10
Derryvullen North Parish Church of Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 Accounting policies {eoNlirtwed) Financlal instruments (co1ed) Where investmenls in shaTeS publicly traded or thcir fair value can otherwise be ineasured reliably, the investrnent is subsequent]y measured ai fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments. including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond norn]al business terms or financed at a rate of interesi that is not a maA(et late, in which case the asset is Meas'ed al the presenl value of the fuiwr payments discounted at a market rate of interest for a similar debt instrumenl. Other financial instniments are subsequently measured at fair value, with any changes recognised in the statement of financial activities. with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impaii'tnent at the end of each Teponing date. If there is objective evidence of impiiirment, an impairment loss is recognised under the appropria heading in the statement of financial activities in which the initial gain was recogniscd. For all equity instrnmenLs regardless of signjficance, and other financial assets that are individuall}, significant, these are assessed individually for impairn]ent. Oiher financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any irversals of impairment are recognised immediatrly, to the extent that the reveisal does nol result in a CaAng amount of the fmaneial asset that exceeds what the carrying amount would have been had the impairnient not previously been recognised. DonatloJLS and legacles Unrestricted RestriLtcd Total Funds Funds Funds 2023 Donations reewill Otferings Sale of GiaveyaTd Plots I Surrounds Donations in Lieu of F]owers Plate Collections Baptism Donations ,111 390 6,000 1,596 150 60,111 390 6,100 3,961 150 100 2,365 Legacies Intciest on Legacies Legacy & Bequest Donations 8,300 21M),OiX) 8,300 200,000 11
Derryvullen North Parish Church of Ireland Notes to the Financial Statements (continued) Year ended 31 December 2023 Donations and legacies (eonlinMj Unrestricted Funds Restricted Total Fun(Is Funds 2023 Grants Gr¢t8 - Power Nl 6(X) 600 277.147 2,465 279,612 Untestricted Restiicted Total Funds Funds Funds 2022 Donations Freewill Offerings Sale of Graveyard Plots / Surrounds Donations in Lieu of FIowers Plate Collections 58,004 570 2.805 718 58.004 570 2,805 2.865 2,147 Legacl&$ Intcrest on Legacies 8.051 8,051 70,148 2.147 72,295 Charltable aetlvities Unrestricled Restricted Total Funds Funds Funds 2023 Wayleaves Christmas Sale Magazin&s & Publications U.8e of hall Gr¢8 Cutting Castle Archdale Shared Expenses Deryvullen North Proceeds 114 5.922 1,080 900 50 181 5,000 5,218 1,080 900 50 181 5.000 704 12,543 704 13.247 12
Derryvullen North Parish Church of Ireland Notes to the Financial Statements (contlnued) Year ended 31 December 2023 Charitsble activities (coNliAued) Unrestricted Funds Resiricted Total Funds Funds 2022 WayLeaves Christmas Sale M<iga£ines & Publications Use of hall Grass Cutting Casde Archdale Shared Expenses Dcrryvullen North Proceeds 104 4.498 835 294 50 161 15,000 4,498 835 294 50 15,000 20,942 20,942 Investment Income Unrestrictcd Totsl Funds Unrestrictcd Total Funds Funds 2U23 Funds 2022 Bank interest received 598 598 288 288 Other Income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 2022 Gift Aid 12,386 12,386 11,943 11,943 Expenditure on charitable actlvlties by fund type Unrestricted Funds Reslricted Total Funds Funds 2023 Parish Operations 88,666 3,169 91,835 Unrestricted Funds Restricted Total Funds Funds 2022 Parish Operations 80,043 2,147 82,190 13
Derryvullen North Parish Church of Ireland Notes to the Financial Statements Icontinuedj Year ended 31 December 2023 Expenditure on charitable activiti£s by activity type Activities Idertaken Total funds directly 2023 Total fund 2022 PIsh Operations 91.835 91,835 82,190 10. Staff costs The avei'age head count of employe£s during the year was Nil (2022: Nil). No employee received employee benefits of more than £60,[ during the year (2022: Nil). 11. Trustee remuneration and expenses The Incumbent serves both Derryvullen North Parish and Derryvullen North as a grouped Cure and receives a stipend, officc and locomotory allowances in accorddnLe with figures approved by Ihe General Synod of the Church of IrclId. 12. Tangible fixed assets Freehold Fixtures and property fjttings Tota] Cost At l January 2023 Additions 1,645,597 1,645.597 5,656 5,656 Al 31 December 2023 1,645,597 5,656 1,651.253 Depreciation At l January 2023 and 31 December 2023 Carrying amount At 31 December 2023 1.645,597 5,656 1,651,25.3 At 31 December 2022 1,645,597 1,645.597 14
Derryvullen North Parish Church of Ireland Notes to the Financial Statements (contintsed) Year ended 31 December 2023 13. Analysis of charitable funds Unrestricted funds At Gains and 31 December losses 2023 At l January 2023 Income Expenditure General funds 2.124.988 302,674 (88,666) 8,980 2,347,976 At l January 2022 At Gains and 31 Decembei. losses 2022 Income Expenditur¢ General funds 2,086,921 103.321 (80.043) 14.789 2.124.988 Restricted funds At l January 2023 At Gains and 31 December 108scs 2023 Income Expenditure Restricted Fund 3.169 (3,169) At l January 2022 At Gains and 31 December losses 2022 Income Expenditure Restricted Fund I 2,147 {2,147) 15