atto/& & ogJJoo<ts&J Chartered Accountants and Registered Auditors Registered Charity Number NIC 108023 THE PAROCHIAL SCHOOLS OF THE DIOCESE OF CLOGHER UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered to carry out audit work and regulated for a range ol investment business activilies in the United Kingdorn by the Institute ol Charter8d Accounlanls in Ireland
THE PAROCHIAL SCHOOLS OF THE DIOCESE OF CLOGHER CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Page Contents Trustee's Report Independent Examiner's Report Statement of Financial Activities Statement of Assets and Liabilities Notes to the Financial Statements
THE PAROCHIAL SCHOOLS OF THE DIOCESE OF CLOGHER TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Trustees present their annual report together with the fLnancÉal statements of The Parochial schools of the Diocese of Clogher. The following Trustees held office during the year and remain in office:_ Rev Maurice Arnistrong - Retired 16 January 2023 Rt Rev Dr Ian Ellis Glenn Moore Hazel Hunter Rev Brian Harper Rev Kenneth Hall Rev Ian Berry Rev Lorraine Capper Rev Paul Thompson Mrs Florence Brunt rvIrs Irene Knox Mr Henry Robinson Mr Gerard O'callaghan - Mr John Graham Retired 2 May 2023 The registered office of the Charity is Clogher Diocesan Office, Cathedral Hall, Halls Lane, Enniskillen, B T74 7DR. The Trustees confirni that the Annual report and financial statements of the Charity comply with the current statutory requircments, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "AccourAting and Reporting by Charities" issued in January 2015. Struetureg governance and management Constitution The Charity is registered as a Charity and was constituted on l O February 1892. The Charity is also registered with the Charity Commission for Northern Ireland under number NIC 108023. b. Method of appointment or election of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co- opted by the Diocesan Synod of the Diocese of Clogher under the temis of its constitution. Objectives and Activities Review of activities The Parochial Schools of the Diocese of Clogher is a registered Charity that carries out its purpose in accordance with Scheme 96 framed under the Educational Endowments (Ireland) Act, 1885, Commissioners of Charitable Donations and Bequests, for the future government and management of the Educational Endowments of and belonging to The Parochial Schools of the Church of Ireland Diocese of Clogher, by promoting and encouraging, in the Church of Ireland Diocese of Clogher, so
THE PAROCHIAL SCHOOLS OF THE DIOCESE OF CLOGHER TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023 far as the endowments admit. education and religious education of pupils belonging to the said church. The Charity carries out its purpose through regular Board meetings which oversee the allocation of dividends arising from endowments and also by fulfilling the trusteeship of endowment property. Financial review The Charkty is reliant on donations and contributions from its sponsors which for the year ended 31 March 2023 amounted to £13,386 (2022 £7,754). The Trustees consider that the unrestricted funds of the Charity will enable them to have sufficient resources and assets at their disposal to be in a position to adequately fulfil their obligations. The Charity held £15,495 Cash Reserves at the year end (2022 £14,772). Reserves policy The income of the Charity is considered stable and the risks associated with any significant reduction in income is regarded as unlikely. The Trustees are satisfied that a figure equating to approximately twelve months expenditure is an appropriate level of reserve balance at the present time. Plans for the future . Future developments The Charity intends to continue the work it perfomis for the benefit of members and the public in accordance with the tenns of its constitution. Trustees, responsibilities statement The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with applÉcable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charities legislation requires the Trustees to prepare financial statements for each financial year. Under Charities legislation the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of the incoming resouices and application of resources, including the receipts and payments, of the Charity for that year. In preparing these financial statements. the Trustees are required to: select suitable accounting policies and then apply them consistently" observe the methods and principles in the Charities SORP. make judgments and accounting estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities legislation.
THE PAROCHIAL SCHOOLS OF THE DIOCESE OF CLOGHER TRUSTEES, REPORT (eontinued) FOR THE YEAR ENDED 31 IktARCH 2023 They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Trustees on 5 September 2023. And signed on their behalf by: 4- U C£oyLrf Rt Rev Dr Ian Ellis Chainnan
C)atto/k & &/JJoctits&g Chartered Accountants and Registered Auditors THE PAROCHIAL SCHOOLS OF THE DIOCESE OF CLOGHER INDEPENDENT EXAMINER'S REPORT TO THE CHARITY TRUSTEES OF CLOGHER DIOCESAN BOARD OF EDUCATION FOR THE YEAR ENDED 31 MARCH 2023 I report on the accounts of the Charity for the year ended 31 March 2023, which is set on page 4. Respective Responsibilities of Charity Trustees and Examiner As the Charity's Trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. Having satisfied myself that the Charity is not subject to audit under Charities Legislation and is eligible for Independent Examination. It is my responsibility to: examine the accounts under Section 65 of the Charities Act follow the procedures laid down in the general directions gRven by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act state whether particular matters have come to my attention Basis of Independent Examiller's 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 65(9)(b) of the CharÉties Act. My examination included a review of the accounting records kept by the Charity and a comparison of the accounts presented wAth those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Charity Trustees concerning any such matters. My role is to stste whether any material matters have come to my attention givÉng me cause to believe". l. That accounting records were not kept in accordance with Section 63 of the Charkties Act. 2. That the accounts do not accord with those accounting records. 3. 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. CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers R8gislered lo carry out audil woik and reoulaled for a rang8 01 inve51rnenl business activities in the United Kingdotn by the Institute of Chartered Accouniants in Ireland
Chartered Accountants and Registered Auditors THE PAROCHIAL SCHOOLS OF THE DIOCESE OF CLOGHER INDEPENDENT EXAMINER'S REPORT TO THE CHARITY TRUSTEES OF CLOGHER DIOCESAN BOARD OF EDUCATION FOR THE YEAR ENDED 31 MARCH 2023 Independent Examiner's Report I have completed my examination and have no concerns in respect of the matters (l) to (4) Listed above and, in connection with following the directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. •-6*5 Thomas S Patton FCA Patton Rainey & Associat¢s Chartered Accountants 6 East Bridge Street Enniskillen Co Femlanagh BT74 7BT Date: 5 September 2023 CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Regisler8d lo carry out 8udil work and regulated for a range ol investment business aclivities in the United Kingijom by the Institute of Chartered Accountants In Ireland
THE PAROCHIAL SCHOOLS OF THE DIOCESE OF CLOGHER RECEIPTS & PAYMENTS ACCOUNT - STATEMENT OF FINANCIAL ACTIVITY FOR THE YEAR ENDED 31 MARCH 2023 Restricted Unrestricted Funds Funds 2023 2023 Total 2023 Total 2022 Income Dividends RCB Cavan Monaghan Education & Training board Representative Church Body Bank Interest received RCB NIE Wayleave Maguiresbridge Play Group NICIFC Gift Aid 983 983 1,538 5,516 633 38 61 5,516 633 38 61 59 100 6,053 100 6,053 100 6.053 Expenditure CIPSMA CDBRE (RCB Div) Maguiresbridge Play group Bank Fees Dividends to Parishes Honorarium Secretary Honorarium Treasurer Secretarial expenses Dlvidends Rockcorry Parish Dividends Finner Parish Morgan Mcmanus Ematris Select Vestry Exchange difference Accountancy (20) 58 96 111 5,056 500 250 297 216 1,320 (20) 58 96 111 5.056 500 250 297 216 1,320 20 56 95 96 5,056 350 175 135 205 1256 226 5,241 (462) 5,241 (462) 190 Net Income (Expenditure) for the year 723 723 (106) Total Funds brought forward Total Funds carried f0rn2rd 14
THE PAROCHIAL SCHOOLS OF THE DIOCESE OF CLOGHER STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 MARCH 2023 At Ineoming l Apr 2022 Resources Outgoing At At Resources 31 Mar 2023 31 Mar 2022 Funds Reconciliation Restricted Funds Unrestricted Funds - General Funds Total Funds 6 12683 Bank and Cash Balances Bank Account - Euro Bank Accounts - Sterling Business Reserve Account 9.260 501 8,493 510 The financial statements were approved by the Board of Trustees on 5 September 2023 and were signed on its behalf by: Hazel Hunter - Treasurer
THE PAROCHIAL SCHOOLS OF THE DIOCESE OF CLOGHER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 I. ACCOUNTING POLICIES Income & Expenditure recognition policy Income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services to its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Taxation The Charity is exempt from cooratIOn tax on its charitable activities Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 2. TRANSACTIONS WITH THE TRUSTEES Trustees were paid £750 in Honorariums during the year.