PRS Patton Rainey I Stenson Limited CHARTERED ACCOUNTANTS & REGISTERED AVDITOftS Belleek Parish Church Trustee Annual report and Statement of Receipts and Payments and Assets and Liabilities For the year ended 31 December 2024 Charities Number: 105490 CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Regi518r8d to carry out 8J11 work and wulated for a range of illve5lt busness actNibes sn the United Kityjom by the Inslitule ol Chartered ArnIants in IrelaThJ
Page I Belleek Parish Church Annual report and financial statements forthe year ended 31 December 2024 Contents Pages Contents References and administrative detai15 of the Charity Trustees. report Independent Examiners Report to the Trustees Receipts and payment5 account Statement of assets and liabilities Notes to the financial statements 9-12
Page 2 Belleek Parish Church References and administrative details Charity Name: Belleek/Belleek/CIo8herlChurch of Ireland Charity Registration Number: 105490 Contact Address: 438 Loughshore Road Enniskillen Co. Fermanagh BT93 3BR Trustees Betty Johnston Robert Johnston Jnr- Ceased 2410312024 Rachel Love James Pye Mark Johnston James Johnston Robert Johnston Snr Rev. Rebecca Guildea Donna pye Mary Reid Helen Thompson Dougla5 Reid- Ceased 01101/2024 Gill Sheehan- From 0110112024 Principal Office-bearers Clergy: Church Treasurer: Church Warden-clergy.. Church Warden- People: Rev. Rebecca Guildea Gill Sheehan- From 01/0112024 Rachel Love James Pye Independent Examiner Stephanie Stenson FCA Patton Rainey Sten50n Limited 6 East Bridge Street Enni5killen Co. Fermanagh BT74 7BT Bankers Bank of Ireland 7 Town Hall Street Enniskillen BT74 7BD
Page 3 Belleek Parish Church Tru5tee5' Annual Report for the year ended 31 December 2024 The trustees present the annual report and statements of Receipts and Payments and Assets and Liabilities for the Best Church for the year ended 31 December 2024. Objectives and Artivities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of the Parish of Belleek is to support the advancement of the Christian religion by promoting, through the work of the Parish of Belleek 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 Parish of Belleek has 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 the Parish of Belleek. Achievefftent5. performan & public Benefit Belleek Parish has been able to fulfil its task of sharinE Chrisys teaching locally through our Sunday services, mission participation and missionary links. We host 3 morning servicc of worship and prayer for the benefit of the public and advancement of Clirisliawi worship at 11.30am on the second and fourth Sunday of each month. During the week we offer pastoral care, help and support for parishioners through home and hospital visits. The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit 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 benefit. Financlal Review The main sources of income were planned giving and freewill offerings. The Financial Statements show a deficit of £9.679 for the year. which was in part due to significant repairs carried out during the year but insurance monies of £5,050 were received in the previous year. There was an insurance claim received during the year for a total of £1,800. This was for damage to the Church gate5 and wall. The total cost of repairs was £7,200. Going Concern The activities of the congregation are dependent on the ongoing contributions from it5 members. The Trustees are of the opinion that the congregation has sufficient resources at the date of approval of these financial Statements to meet commitments which will arise in the year from the date of the signing of this report and subject to the continuing support from its members to fund on an ongoing basis the congregation's current activities and other financial commitments.
Page 4 Belleek Parish Church Trusteeg Annual Report for the year ended 31 December 2024 (continued) Structure, 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 Recruitment and Appointment of Select Vestry ITru5tees) All Members of the Church of Ireland who are over the age uf 18 iiiid (lie either resident within the parlsh or live elsewhere but have been accustomed members of the congregation for at least three months, may register as members of the general vestry of the parish. allowing them to attend and vote at meeting5 of the general vestry and to stand for election to the select vestry. Meetings of the general vestry are held at least once 3 year. The Select Vestry is elected as part of this General Vestry meeting. The Select Vestry members will hold their positions for a period of one year. Select Vestry members may be re-elected annually and thcrc is no limit on the number of terms which may be served. Pay and remuneration The Incumbent is paid directly by the Diocese and receives stipend in accordance with figures approved by the General Synod of the Church of Ireland. Organisutional Strurture 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 glebe wardens and generally not more than twelve other member5 of the general vestry elected at the General Vestry. The select vestry 15 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 how parish funds are to be applied. The select vestry meets at times fixed by the members or by the diocesan Synod. Special meetings may be convened at any time by the chairperson or the churchwardens. In 2024 the Select Vestry met 4 times during the year and the average attendance was 80%. Compliance with Public Benefrt The Parish ha5 given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit 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 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.
Page 5 Belleek Parish Church Trusteeg Annual Report for the year ended 31 Dember 2024 (continued) Statement of Trustees, Responsibilities (continued) The law 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 liabilitie5 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 5tep5 for the prevention and detection of fraud and other irregularities. Signed on Behalf of the Trustees Rev Rebecca Guildea Gill Sh ehan (Treasurer) aods.
PRS Patton Rainey I Stenson Limited CHARTEFtEO ACCOUNTANTS & REGISTERED AUDIToris Page 6 Belleek Parish Church Independent Examiners Report to the Trustees of Belleek Parish Church I report on the accounts of the Trust for the year ended 31 December 2024. which are set out on pages 7 to 12. Respective Responsibilities of Charity Trustees and Examiner As the Charitvs Trustees you are re5pon5ible 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. follow the procedures laid down in the general directions given by the Commission under Section 6519llb) of the Charities Act. state whether particular matters have come to IIiy alleiiliun. Basis of Independent ExamineRs Report I have examined your Charity Accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under Section 6519llb) of the Charities Act. My 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 the accounts, and seeking explanations from you as CharityTrustees concerning any such matters. My role is to State whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with 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 requirements of the Charities Act. 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent Examinerf5 Report I have completed my examination and have no concerns in respect of the matters11) to141 listed above and, in connection with followlng the directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. s stenson FCA Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen BT74 7BT Date- CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registed to carry out audit work a1 regulated for a rawe ol inveslment busine55 actNiti88 in the Vniled Kit¥JJorn by the Institute of Charter1 Alrountants in Ireland
Page 7 Belleek Parish Church Receipts and Payments Account for the year ended 31 December 2024 Unrestrirted Funds 2024 Restricted Funds 2024 Endowment Fund5 2024 Total 2024 Total 2023 Note Recei Donations & plate collection Investment Income Proceeds from Fundraising Events Other Receipts Total Recei ts 8.978 185 2,413 1,900 13,476 8.978 185 2.413 1,900 13.476 10,531 170 1,662 5,125 17,488 Pa ments Diocesan Costs/Asse55ment Church Running Costs Glebe Costs Administration Costs Sundry Expenses Charitable Donations 9,633 11.921 9.632 11,921 404 736 381 8,288 3.199 611 726 564 loo 736 381 Total Pa ments 23,155 23,155 13,488 Excess of Receipts over Payments for the year before transfers (9.6791 {9,679} Transfers Excess of Payments over Receipts for the year (9,679) 19,6791 On behalf of the trustees: fv,IIL- Rev Rebecca Guildea Gill Sh ehan {Treasurer)
Page 8 Belleek Parish Church Statement of Assets and Liabilitie5 a5 at 31 December 2024 Unrestricted Funds 2024 Restrirted Funds 2024 Endowment Funds 2024 Total 2024 Total 2023 Cash Funds Current Accounts Total Cash Fund5 9,616 9.616 9,616 9.616 19,295 19,295 Investment A55ets Investments in RCB / CIT Unit Trusts Total Investment Assets 4.661 4.661 4,661 4.661 4,661 4,661 Assets retained for the Parish's own use Fixtures and Fittin85 Total Assets retained for the Parish'5 own use On Behalf of the Trustees Rev Rebecca Guildea Gill Sh ehan (Treasurer)
Page 9 Belleek Parish Church Notes to the financial statements for the year ended 31 December 2024 Accounting policies Set out below are the principal accounting policie5 which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities (al Receipts and Payments Account All items of incorne and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. Ib) Statement of Assets and Liabilities {1) A55ets retainedfvr the Porish s own use The assets ot 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 IFR51021 These Heritage assets are not included in the statement of assets and liabilities as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish. The Glebe House is shared by the circuit and is recognised at a deemed cost of £95.¢)00 in the accounts of Garrison Parish. being the estimated fair value of the property at 31 December 2021. No depreciation has been provided on the glebe house as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 year5. li) Investments Investment in RCB/CIT Unit Tru5t5 are initially recorded at cost. The market value of investments at 31 December 2024 is £15,980.
Page 10 Belleek Parish Church Note5 to the financial statements forthe year ended 31 December 2024 (continued) Other Receipts 2024 2023 Insurance Claim Money returned - Garfison/SlavinlKiltyclogher Magazine Money 1,800 5,050 75 100 1,900 5.125 Sundry Expenses 2024 2023 To rectory account Church Magazines Easter Books Visting preacher & Guest Speaker Confirmation Bibles Items for Church Activities Fireproof Document Box 174 100 loo loo 82 32 176 139 30 381 564 Donations 2024 2023 Pancreatic Cancer Donation 100 loo
Page 11 Belleek Parish Church Notes to the financial statements for the year ended 31 December 2024 (continued) Current Accounts and Cash 2024 2023 General Account 9,616 19,295 9,616 19,295 Reconciliation of Cash Funds 2024 2023 Total Cash Funds at Beginning of the year Receipts for the Year Payments for the Year 19.295 13,476 23.155 15,295 17,488 13,488 Total Cash Funds at end of the year 9,616 19,295 Movement in Funds Opening Balance Overstated Atljan 2024 Incoming Resource5 Outgoing Resources Transfers At 31 Dec 2024£ Endowment funds RCB Unit Trusts 4,661 4.661 4,661 4,661 Unrestrirted funds General Fund 19.295 19.295 13,476 13,476 23.155 23,155 9,616 9.616 Total funds 23.956 13.476 23.155 14,277 Pur oses of Endowment Funds Income from the Bequests and Legacies are used for stipend and general purposes.
Page 12 Belleek Parish Church Notes to the financial statements for the year ended 31 December 2024 Icontinued) Transartlons with the Trustees The parish paid expenses of £484 relating to its share of expenses for the running costs of the glebe house which is occupied by the rector. No payments were made to trustees during the year. No trustee or a person related to a trustee had any personal interest in any contratt or transaction entered into by the charity during the year. Governance Costs Governance costs of £564 were incurred during the year which relates to fees paid to the independent examiner. Governance costs are included within Administration costs in the Receipts and Payments Accounts.