Charity registration number: 101227 Kilhorne Parish Church Annual Report and Financial Stalements for the Year Ended 31 Dember 2022
Kilhorne Parish Church Contents (continued) Reference and Administrative Details Trustees, Report 2to3 Independent Examinerfs Report 4t05 Statement of Financial Activibes Balan Sheet 7108 Notes to the Financial Statements 9t014
Kilhorne Parish Church Reference and Administrative Details Charity Registration Number 101227 Principal Office 173 Kilkeel Road Annalong Co. Down BT34 4TN Independent Examiner KPS Accountants Limited 50A Main Street NevaStle Co Down BT33 OAD Page 1
Kilhorne Parish Church Trustees, Report The trustees present the annual report together with the financial statements of the charty for the year ended 31 Dernber 2022. Trustees and officers The trustees and officers serving during the year and since the year end wre as follows.. Trustees- Mr Cecil Crutchley Mr Richard Annett Mrs Wendy Campbell Mr David Crutchley Mr Leslie Campbell Mrs Rhonda Heaney Mrs Karalyn Hill Mr Robert Edwards Mrs Cynthia Crutchley Mr Mel Campbell Mr John White Mr Gordon White Mr George Campbell Rev Geoffrey Hamilton Ms Jackie Edwards Mr James Mcmath Structure, governance and management Nature of governing document The charity is controlled by rts governing document. a deed of trust. and constitutes an unincorporaled Charity. Risk management The trustees have a duty to identify and review the risks to which the chartty is exposed and to ensure appropriate controls are in place to provKle reasonable assurance against fraud and error. Page 2
Kilhorne Parish Church Trustees, Report (continued) The annual report was approved by the trustees of the charity on 9 October 2023 and signed on tts behalf Mrs Wendy Campbell Trustee Mrs nthia Crutchley Trustee Page 3
Kilhorne Parish Church Independent Examiner's Report to the trustees of Kilhorne Parish Church I report to the trustees on my examination of the accounts of lQlhome Parish Church for the year ended 31 Dernber 2022. Responsibilities and basts of report The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act (Northem Ireland ) 2008. It is my responsibility to: examine the accounts under Section 65 of the Charyties Act to follow the procedures laid down in the General Directions given by the Chanty Commission for Northern Ireland (under seCtn 65{9)Ib) of the Chartties Act- and - to state whether particular matters have come to my attentN)n. Basis of independent examinerfs report My examination was carried out in accordan with the General Directtons given by the Charity Commission for Northern Ireland under section 65{9)(b) of the Charities Acl. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disck)sures in the accounts, and seeking explanations from you as trustees concerning any such matters. The predureS undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below. Page 4
Kilhorne Parish Church Independent Examiner's Report to the trustees of Kilhorne Parish Church (continued) Independent examiner's statement In connection with my examination, no matter has come to my attention" (11 which gives me reasonable cause to believe that, in any material respect. the requirements - to keep accounting records in accordance with Setts'on 63 of the Charities Act" and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act have not been me(. or (2) to which, in my opinion. attention should be drawn in Ofder to enable a proper understanding of the accounts to be reached. LCJ KPS Accountants Limited 50A Main Street Newcastle Co. Down BT33 OAD 9 October 2023 Page 5
Kilhome Parish Church Statement of Financial Activities for the Year Ended 31 December 2022 Unrestricted funds Restricted funds Total 2022 Note Income and Endowments from: Donations and legacies Charitable activities Investment income 154,314 47,583 4,790 27 201,897 4,790 20,113 20,086 Total income 174.400 52,400 226,800 Expenditure on: Charitable activities {170.761 } (21.6151 (192,376) Total expenditure Net income Gross transfers beeen funds (170,761} 21,615 192,376 3,639 59,548 30,785 (59,548) 34,424 Net movement in funds 63,187 (28,763) 34,424 Reconciliation of funds Total funds brought forward 91,076 329,319 420.395 Total fundg carried fonuard 12 454.819 All of the chartty's activities derive from continuing operations during the above Iwo periods. The funds breakdown for 2021 is shown in note 12. The notes on pages 9 to 14 fonn an integral part of these finanrial statements Page 6
Kilhorne Parish Church {Registration number: 101227) Balance Sheet as at 31 December 2022 2022 2021 Note Fixed assets Tangible assets Investments 254,412 121,460 208.698 131.460 375.872 340.158 Current assets Debtors Cash at bank and in hand 24,502 58,678 160,632 160,632 83,180 Creditors: Amounts falling due within one year 10 {685) 12,943 Net current assets 159,947 80.237 Total assets less current liabilities 535.819 420.395 Credbtors: Amounts falling due after more than one year 11 {81,000) Net assets 454,819 420.395 Funds of the charity: Restricted income funds Restricted funds 300.556 329.319 Unrestricted income funds Unrestricted funds Other reserves {266,1321 420.395 {330.917} 421,993 Total unrestricted funds 154.263 91.076 Total funds 12 454,819 420.395 The notes on pages 9 to 14 form an integral part of these financial statements. Page 7
Kilhorne Parish Church (Registration number: 101227) Balance Sheet as at 31 December 2022 (continued) The financial ststements on pages 6 to 14 were approved by the tmstees. and authorised for issue on 9 October 2023 and signed on their behalf by. Mrs Wendy Trustee ampbell Mrs ynthia Crutchley Trustee The notes on pages 9 to 14 form an integral part of these financial statements. Page 8
Kilhorne Parish Church Notes to the Financial Statements for the Year Ended 31 December 2022 1 Accounting policies Statement of compliance The financial statements have been prepared under the historical cost convention, the Charities Act {Northem Ireland} 2008. and the requirements of the Statement of Recommended Practice. Accounting and Reporting by Charities. Income and endowments All incoming resources are included on the Statement of Financial Activitses when the charity is legally entitled to the income and the amount can be quantified wtth reasonable accuracy. Grants receivable Grants are recognised when the chanty has an entidement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be mel. the income is recognised as a liability and Included on the balance sheet as deferred income to be released. Expenditure Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of reSoUrs. Taxation The charity is exempt from tax on rf(s charitable activib'es. Tangible fixed assets Depreciation is provided at the following annual rates in order to wrtte off each asset over its estimated useful life. Plant and machinery - 20Q/o on cost Fixtures and fittings - 20.kn on Cosl Computer equipment- 20°/0 on Cost Fund structure Unrestricted funds can be used in accordance with the charitabk objectives at the discretion of the trustees. Restricted funds can only be used for particulai 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. Page 9
Kilhorne Parish Church Notes to the Financial Statements for the Year Ended 31 December 2022 (continued) Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted lo that area or purpose. Pensions and other post retirement obligations The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Ad1vitS in the period to which they relate. 2 Income from donations and legacies Unrestricted funds General Restricted funds Total funds Donations and legacies., Donations from individuals Gift aid reclaimed Grants. including capital grants.. Grants from other charities 137,718 13.736 47,583 185,301 13,736 2.860 2,860 Total for 2022 154.314 47.583 201.897 Total for 2021 85,930 13,363 99,293 3 Income from charitable activities Restricted funds Total 2022 Total 2021 4.790 4.790 3,690 4 Investment income Unrestricted funds General Restricted funds Total 2022 Interesl receivable and similar income- Interest receivable on bank deposits Other investrnent income Income from rents 27 27 10.574 9,512 10,574 9,512 20,086 27 20,113 Page 10
Kilhorne Parish Church Notes to the Financial Statements for the Year Ended 31 December 2022 (continued) 5 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses from the chartty during the year. 6 Staff costs The aggregate payroll costs were as follows: 2022 2021 Staff costs during the year were: Wages and salaries Pension costs 42,244 9,056 31,703 6.086 51,300 37,789 The monthly average number of persons (including senior management I leadership team) employed by the charity during the year expressed as full b'me equivalents was as follows.. 2022 No 2021 No Number of employees No employee received emoluments of more than £60,000 during the year 7 Tangible fixed assets Land and buildings Furniture and equipment Total Cost At 1 January 2022 Additions 199.492 50.868 36.138 235,630 50,868 At 31 December 2022 250.360 36,138 286,498 Depreciation At 1 January 2022 Charge for the year 26.932 5,154 26.932 5.154 At 31 December 2022 32.086 32.086 Net book value Page11
Kilhorne Parish Church Notes to the Financial Statements for the Year Ended 31 December 2022 (continued) Land and buildings Furniture and equipment Total At 31 December 2022 250,360 4,052 254,412 At 31 December 2021 199.492 9.206 208.698 8 Fixed asset investments 2022 2021 Shares in group undertakings and participating interests 121,460 131,460 9 Debtors 2022 2021 Prepayments Other debtors 15,000 9,502 24,502 10 Creditors: amounts falling due within one year 2022 2021 Other taxation and social security Other creditors 2,943 1) 685 2,943 11 Creditors: amounts falling due after one year 2022 Other loans 81,000 Page 12
Kilhorne Parish Church Notes to the Financial Statements for the Year Ended 31 December 2022 (continued) 12 Funds Balance at 31 December 2022 Balance at 1 January 2022 Incoming Resources resources expended Transfers Unrestricted funds General 91,076 174,400 (170.761) (21.615) 59.548 154,263 Restricted funds 329,319 52,400 (59.548) 300.556 Total funds 420.395 226.800 (192,376} 454,819 Balance at 31 December 2021 Balance at 1 January 2021 Incoming resources Resources expended Transfers Unrestrlcted funds General 62.697 95,344 (90.651) (23.363) 23.686 91.076 Restricted funds 359,296 17.072 123.686 329.319 Total funds 421,993 112,416 114.014) 420.395 13 Analysis of net assets between funds Totsl funds at31 December 2022 Unrestricted funds General Restricted fvnds Tangible fixed assets Fixed asset investments Current assets Current liabilities Creditors over 1 year 254.412 254,412 121.460 160,632 16851 181,0001 454,819 121.460 145.311 15.321 (6851 181,000} Total net assets 269,048 185.771 Page 13
Kilhorne Parish Church Notes to the Financial Statements for the Year Ended 31 December 2022 (continued) Total funds at31 December 2021 Unrestricted funds General Restricted funds Tangible fixed assets Fixed asset investments Current assets Current liabilities 208.698 208,698 131,460 83,180 {2,943 131,460 48,468 34.712 (2.943) 240.467 Total net assets 179,928 420,395 14 Related party transactions The following related paty transactions occured in this tax year.. - Trustee Mr David Crutchley received 8 monthty sum of £450.00 alongside weekly envelopes towards his mission. The sum is made payable to CEF. the charitable organisation which he works for. Trustee Mel Campbell worked as the main Ix)ntractor for the repairs to the Church and was paid £107.481.60 in the year ended 31 December 2022 Page 14
Kilhorne Parish Church Detailed Statement of Financial Activities for the Year Ended 31 December 2022 Total 2022 Total 2021 Income and Endowments from: Donations and legacies (analysed below) Charitable activities (analysed below) Investment income {analysed below) Total income 201.897 4,790 20,113 99,293 3,690 9,433 226,800 112,416 Expenditure on". Charitable activities (analysed below) (192.376) {114,014) Total expenditure (192.376) 114,014 Net incomellexpenditurel Reconciliation of funds 34,424 (1,598 Total funds carried foThvard 34,424 (1,598) This page does not form part of the stalLJtory financial statement5. Page 15
Kilhorne Parish Church Detailed Statement of Financial Activities for the Year Ended 31 December 2022 (continued) Total 2022 Total 2021 Donations and legacies Appeals and donations Appeals and donations Appeals and donatlons Appeals and donations Gift Aid tax reclaimed Grants- other agencies Other income 10,344 37,239 12,309 754 300 75.519 9,501 850 60 137,418 13,736 2,860 300 201.897 99,293 Charitable activities Burial and maintenance fees 4.790 3,690 3,690 4,790 Investment income RÈntal income Dividends received RCB Income Scheme Bank account interest Bank account interest Bank account interest Bank account interest Bank account interest 9,512 10,000 574 8.621 73 632 17 88 20,113 9,433 Charitable activities Fundraising costs Depreciation of plant and machinery Depreciation of fixtures and fittings Depreciation of office equipment Charitable donations Bank charges Bank charges Bank charges Bank charges Wages and salaries Pensions {4,653) (651) {4,504) (2,625) (998) (6.164) (66) (21,190) (11) 15) 15) (48) 131,703} 16.086) {19,305) {26) {34) (19) {85) (42.244) {9.056) This page does not fomi part of the statutory financial stalements. Page 16
Kilhorne Parish Church Detailed Statement of Financial Activities for the Year Ended 31 December 2022 (continued) Total 2022 Total 2021 Subcontract cost Staff training Rates l ighl. hp.At xnd pnwp.r Insurance Repairs and maintenance Upkeep of grounds Telephone and fax Printing, postage and stationery Hire of other assets (Operating leases) Sundry expenses Diocesan Assessment AcGountancy fees Legal and professional fees (2.080) (555) (2,950) 15,243) {3.884) {58.309) (2,231} (362) (1.195) (380) (7.133) (9,056) 1420) (18.001) (192.376 (2,665) (1.000) (2,842} (13,2271 13,158) (2,1421 12,1521 180 {1.178) (152) {7.771) (7.956) {336) {714) 114.014 This page does not form part of the statutory financial statements. Page 17