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2023-12-31-accounts

E-Sign ID: bfefa3c9-5d04-4317-9f72-325c621363d8

Charity registration number: 101227

Kilhorne Parish Church

Annual Report and Financial Statements

for the Year Ended 31 December 2023

E-Sign ID: bfefa3c9-5d04-4317-9f72-325c621363d8

Kilhorne Parish Church

Contents (continued)

Reference and Administrative Details 1
Trustees' Report 2 to 3
Independent Examiner's Report 4 to 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 13

E-Sign ID: bfefa3c9-5d04-4317-9f72-325c621363d8

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 Newcastle Co. Down BT33 0AD

Page 1

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Kilhorne Parish Church

Trustees' Report

The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2023.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Mr Cecil Crutchley Mr Richard Annett Mrs Wendy Campbell Mr David Crutchley Mr Leslie Campbell (resigned 31 March 2023) Mrs Rhoda Heaney Mrs Karalyn Hill Mr Robert Edwards (resigned 31 March 2023) Mrs Cynthia Crutchley Mr Mel Campbell Mr John White Mr Gordon White Mr George Campbell Rev Geoffrey Hamilton Ms Jackie Edwards Mr James McMath Stanley Campbell (appointed 31 March 2023) Ryan Annett (appointed 31 March 2023)

Structure, governance and management

Nature of governing document

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Page 2

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Kilhorne Parish Church

Trustees' Report (continued)

The annual report was approved by the trustees of the charity on 11 December 2024 and signed on its behalf by:

W Campbell 11/Dec/2024 12:20:56

Wendy Campbell

......................................... Mrs Wendy Campbell Trustee

C crutchley 11/Dec/2024 12:25:37 Cynthia crutchley......................................... Mrs Cynthia Crutchley Trustee

Page 3

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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 Kilhorne Parish Church for the year ended 31 December 2023.

Responsibilities and basis of report

The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland ) 2008.

It is my responsibility to:

Basis of independent examiner's report

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 Charities Act. 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 disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures 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

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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:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

N Toner 11/Dec/2024 11:16:30

Nicole Toner

...................................... Nicole Toner ACCA KPS Accountants Limited 50A Main Street Newcastle Co. Down BT33 0AD

11 December 2024

Page 5

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Kilhorne Parish Church

Statement of Financial Activities for the Year Ended 31 December 2023

Unrestricted Restricted Total
funds funds 2023
Note £ £ £
Income and Endowments from:
Donations and legacies 182,968 61,862 244,830
Charitable activities - 5,440 5,440
Investment income 4 23,880 18 23,898
Total income 206,848 67,320 274,168
Expenditure on:
Charitable activities (88,366) (20,720) (109,086)
Total expenditure (88,366) (20,720) (109,086)
Net income 118,482 46,600 165,082
Gross transfers between funds 9,000 (9,000) -
Net movement in funds 127,482 37,600 165,082
Reconciliation of funds
Total funds brought forward 154,263 300,556 454,819
Total funds carried forward 11 281,745 338,156 619,901

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 11.

The notes on pages 8 to 13 form an integral part of these financial statements. Page 6

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Kilhorne Parish Church

(Registration number: 101227) Balance Sheet as at 31 December 2023

2023 2022
Note £ £
Fixed assets
Tangible assets 7 440,366 254,412
Investments 8 108,110 121,460
548,476 375,872
Current assets
Cash at bank and in hand 157,882 160,632
Creditors: Amounts falling due within one year 9 (2,457) (685)
Net current assets 155,425 159,947
Total assets less current liabilities 703,901 535,819
Creditors: Amounts falling due after more than one year 10 (84,000) (81,000)
Net assets 619,901 454,819
Funds of the charity:
Restricted income funds
Restricted funds 338,156 300,556
Unrestricted income funds
Unrestricted funds (173,074) (266,132)
Other reserves 454,819 420,395
Total unrestricted funds 281,745 154,263
Total funds 11 619,901 454,819

The financial statements on pages 6 to 13 were approved by the trustees, and authorised for issue on 11 December 2024 and signed on their behalf by:

W Campbell 11/Dec/2024 12:20:56

Wendy Campbell

......................................... Mrs Wendy Campbell Trustee

C crutchley 11/Dec/2024 12:25:37

Cynthia crutchley

......................................... Mrs Cynthia Crutchley Trustee

The notes on pages 8 to 13 form an integral part of these financial statements. Page 7

E-Sign ID: bfefa3c9-5d04-4317-9f72-325c621363d8

Kilhorne Parish Church

Notes to the Financial Statements for the Year Ended 31 December 2023

1 Accounting policies

Statement of compliance

The financial statements have been prepared under the historical cost convention, the Charities Act (Northern 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 Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Grants receivable

Grants are recognised when the charity has an entitlement 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 met, 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 resources.

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on cost Fixtures and fittings - 20% on Cost Computer equipment - 20% on Cost

Fund structure

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.

Page 8

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Kilhorne Parish Church

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to 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 Activities in the period to which they relate.

2 Income from donations and legacies

2 Income from donations and legacies
Unrestricted
funds Restricted Total
General funds funds
£ £ £
Donations and legacies;
Donations from individuals 151,462 61,862 213,324
Gift aid reclaimed 19,664 - 19,664
Grants, including capital grants;
Grants from other charities 11,842 - 11,842
Total for 2023 182,968 61,862 244,830
Total for 2022 154,314 47,583 201,897
3 Income from charitable activities
Restricted Total Total
funds 2023 2022
£ £ £
5,440 5,440 4,790
4 Investment income
Unrestricted
funds Restricted Total
General funds 2023
£ £ £
Interest receivable and similar income;
Interest receivable on bank deposits 27 18 45
Other investment income 13,937 - 13,937
Income from rents 9,916 - 9,916
23,880 18 23,898

Page 9

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Kilhorne Parish Church

Notes to the Financial Statements for the Year Ended 31 December 2023 (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 charity during the year.

6 Staff costs

The aggregate payroll costs were as follows:

6
Staff costs
The aggregate payroll costs were as follows:
2023 2022
£ £
Staff costs during the year were:
Wages and salaries 45,128 42,244
Pension costs 10,848 9,056
55,976 51,300

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

2023 2022
No No
Number of employees 2 2

No employee received emoluments of more than £60,000 during the year

7 Tangible fixed assets

7
Tangible fixed assets
Land and Furniture and
buildings equipment Total
£ £ £
Cost
At 1 January 2023 250,360 36,138 286,498
Additions 176,120 13,350 189,470
At 31 December 2023 426,480 49,488 475,968
Depreciation
At 1 January 2023 - 32,086 32,086
Charge for the year - 3,516 3,516
At 31 December 2023 - 35,602 35,602
Net book value

Page 10

E-Sign ID: bfefa3c9-5d04-4317-9f72-325c621363d8

Kilhorne Parish Church

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

Land and Furniture and Furniture and Furniture and
buildings equipment Total
£ £ £
At 31 December 2023 426,480 13,886 440,366
At 31 December 2022 250,360 4,052 254,412
8 Fixed asset investments
2023 2022
£ £
Shares in group undertakings and participating interests 108,110 121,460
9 Creditors: amounts falling due within one year
2023 2022
£ £
Other taxation and social security 2,457 686
Other creditors - (1)
2,457 685
**10 ** Creditors: amounts falling due after one year
2023 2022
£ £
Other loans 84,000 81,000

Page 11

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Kilhorne Parish Church

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

11 Funds

11 Funds
Balance at
Balance at 31
1 January Incoming Resources December
2023 resources expended Transfers 2023
£ £ £ £ £
Unrestricted funds
General 154,263 206,848 (88,366) 9,000 281,745
Restricted funds 300,556 67,320 (20,720) (9,000) 338,156
Total funds 454,819 274,168 (109,086) - 619,901
Balance at
Balance at 31
1 January Incoming Resources December
2022 resources expended Transfers 2022
£ £ £ £ £
Unrestricted funds
General 91,076 174,400 (170,761) 59,548 154,263
Restricted funds 329,319 52,400 (21,615) (59,548) 300,556
Total funds 420,395 226,800 (192,376) - 454,819

12 Analysis of net assets between funds

12 Analysis of net assets between funds
Total funds
Unrestricted at 31
funds Restricted December
General funds 2023
£ £ £
Tangible fixed assets 440,366 - 440,366
Fixed asset investments - 108,110 108,110
Current assets 31,480 126,402 157,882
Current liabilities (2,457) - (2,457)
Creditors over 1 year - (84,000) (84,000)
Total net assets 469,389 150,512 619,901

Page 12

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Kilhorne Parish Church

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

Total funds
Unrestricted at 31
funds Restricted December
General funds 2022
£ £ £
Tangible fixed assets 254,412 - 254,412
Fixed asset investments - 121,460 121,460
Current assets 15,321 145,311 160,632
Current liabilities (685) - (685)
Creditors over 1 year - (81,000) (81,000)
Total net assets 269,048 185,771 454,819

13 Related party transactions

The following related party transactions occurred during this financial year:

Page 13

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Kilhorne Parish Church

Detailed Statement of Financial Activities for the Year Ended 31 December 2023

Total Total
2023 2022
£ £
Income and Endowments from:
Donations and legacies (analysed below) 244,830 201,897
Charitable activities (analysed below) 5,440 4,790
Investment income (analysed below) 23,898 20,113
Total income 274,168 226,800
Expenditure on:
Charitable activities (analysed below) (109,086) (192,376)
Total expenditure (109,086) (192,376)
Net income 165,082 34,424
Reconciliation of funds
Total funds carried forward 165,082 34,424

This page does not form part of the statutory financial statements. Page 14

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Kilhorne Parish Church

Detailed Statement of Financial Activities for the Year Ended 31 December 2023 (continued)

(continued)
Total Total
2023 2022
£ £
Donations and legacies
Appeals and donations 7,479 10,344
Appeals and donations 54,383 37,239
Appeals and donations 151,462 137,418
Gift Aid tax reclaimed 19,664 13,736
Grants - other agencies 11,842 2,860
Other income - 300
244,830 201,897
Charitable activities
Burial and maintenance fees 5,440 4,790
5,440 4,790
Investment income
Rental income 9,916 9,512
Dividends received 13,386 10,000
RCB Income Scheme 551 574
Bank account interest - 17
Bank account interest 13 9
Bank account interest 5 1
Bank account interest 27 -
23,898 20,113
Charitable activities
Fundraising costs (5,359) (4,653)
Depreciation of plant and machinery (325) (651)
Depreciation of fixtures and fittings (3,191) (4,504)
Charitable donations (18,870) (19,305)
Bank charges (33) (26)
Bank charges (95) (34)
Bank charges (21) (19)
Bank charges (117) (85)
Wages and salaries (45,128) (42,244)
Pensions (10,848) (9,056)
Subcontract cost (850) (2,080)
Staff training - (555)
Rates (3,302) (2,950)

This page does not form part of the statutory financial statements. Page 15

E-Sign ID: bfefa3c9-5d04-4317-9f72-325c621363d8

Kilhorne Parish Church

Detailed Statement of Financial Activities for the Year Ended 31 December 2023 (continued)

(continued)
Total Total
2023 2022
£ £
Light, heat and power (3,314) (5,243)
Insurance (4,158) (3,884)
Repairs and maintenance 9,414 (58,309)
Upkeep of grounds (1,701) (2,231)
Telephone and fax (350) (362)
Printing, postage and stationery (973) (1,195)
Hire of other assets (Operating leases) (432) (380)
Sundry expenses (6,370) (7,133)
Diocesan Assessment (8,508) (9,056)
Advertising (250) -
Accountancy fees (600) (420)
Legal and professional fees (3,705) (18,001)
(109,086) (192,376)

This page does not form part of the statutory financial statements. Page 16

This Document has been Signed with a secure electronic signature via E-Sign.

Envelope Details

Title Kilhorne Parish Church 31.12.23
Author Nicole Toner (ntoner@kpsca.co.uk)
Envelope Created on Wed, 11 Dec 2024 11:16:23
Envelope ID bfefa3c9-5d04-4317-9f72-325c621363d8

Document Details

Title Kilhorne_Parish_Church_31.12.23.pdf.pdf
Digital Fingerprint 4f6d654d-4b60-4449-ac43-ce44c1e7ec44

Document Signers Scan/Click the QR Code to view signature information

Name Wendy Campbell
Email wcampbell130@hotmail.com
Status SIGNEDat Wed, 11 Dec 2024 12:20:56 GMT(+0000)
Signature Fingerprint e9269fc6-1d00-4fb0-b0f9-531503101aeb
Name Nicole Toner
Email ntoner@kpsca.co.uk
Status SIGNEDat Wed, 11 Dec 2024 11:16:30 GMT(+0000)
Signature Fingerprint f27818b1-aca2-4415-8298-81bb19d95765
Name Cynthia Crutchley
Email cecilcrutchley@gmail.com
Status SIGNEDat Wed, 11 Dec 2024 12:25:37 GMT(+0000)
Signature Fingerprint e3330ab6-7959-4630-baee-1571ee2189e6

Document History

Wed, 11 Dec 2024 12:25:37 Cynthia Crutchley Signed the Document (IP: 82.132.228.73) Wed, 11 Dec 2024 12:20:57 Wendy Campbell Signed the Document (IP: 82.132.212.21) Wed, 11 Dec 2024 11:16:31 Nicole Toner Signed the Document (IP: 151.2.214.200)

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