E-sign ID.. 0917822f-70224196-9dda-97803d80f¢cd Charity registration number.. 101227 Kilhorne Parish Church Annual Report and Financial Statements for the Year Ended 31 December 2024
E-sign ID.. 0917822f-70224196-9dda-97803d80f¢cd Kilhorne Parish Church Contents (continued) Reference and Administrative Details Trustees, Report 2to3 Independent Examiner's Report 4t05 Statement of Financial Activities Balance Sheet 7t08 Notes to the Financial Statements 9t014
E-sign ID.. 0917822f-70224196-9dda-97803d80f¢cd 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 Strt NeWCaSe Co. Down BT33 OAD Page 1
E-sign ID.. 0917822f-70224196-9dda-97803d80f¢cd 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 2024. Trustees and officers The trustees and offirS serving during the year and since the year end were as follows.. Trustees.. Mr Cecil Crutchley Mr Richard Annett (resigned 30 April 2024) Mrs Wendy Campbell Mr David Crutchley Mrs Rhoda Heaney Mrs Karalyn Hill Mrs Cynthia Crutchley Mr Mel Campbell Mr John White Mr Gordon White Mr George Campbell Rev Geoffrey Hamilton (resigned 31 August 2024) Ms Jackie Edwards Mr James Mcmath Mr Stanley Campbell Mr Ryan Annett Rev Bryan Martin (appointed 1 September 2024) Mr Andrew Hamilton (appointed 30 April 2024) Structure. governance and management Nature of governing document The charity is controlled by its goveming 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
E-sign ID.. 0917822f-70224196-9dda-97803d80f¢cd Kilhorne Parish Church Trustees. Report (continued) The annual report was approved by the trustees of the charity on 29 October 2025 and signed on its behalf by.. W Campbell Mrs Wendy Campbell Trustee C Crulchley Mrs Cynthia Crutchley Trustee Page 3
E-sign ID.. 0917822f-70224196-9dda-97803d80f¢cd 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 2024. Responsibilities and basis of report The charity's trustees are responsible for the preparats.on of the accounts in accordance with the Charities Act (Northern Ireland12008. It is my responsibility to.. examine the accounts under Section 65 of the Charities Act to follow the procedures laid down in the General Directions given by the Charity Commission for Northern Ireland (under Section 6519)(b) of the Charities Act- and to state whether particular matters have come to my attention. Basis of independent examinerfs 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 Conrning 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
E-sign ID.. 0917822f-70224196-9dda-97803d80f¢cd 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 to keep accounting records in accordan with Section 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 met., or (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 hlthT.- Nicole Toner ACCA KPS Accountants Limited 50A Main Street Newcastle Co. Down BT33 OAD 29 October 2025 Page 5
E-sign ID.. 0917822f-70224196-9dda-97803d80f¢cd Kilhorne Parish Church Statement of Financial Activities for the Year Ended 31 December 2024 Unrestricted funds Restricted funds Total 2024 Note Income and Endowments from: Donations and legacies Charitable activities Investment income 219.691 70,679 4,650 29,750 290,370 4,650 36,574 6,824 Total income 226,515 105,079 331,594 Expenditure on: Charitable activities (109,351) (15,334) (124,6851 Total expenditure (109,351) (15,334) (124,6851 Net income Gross transfers beeen funds 117,164 7,120 89,745 7,120 206,909 Net movement in funds 124,284 82,625 206,909 Reconciliation of funds Total funds brought forward 281,745 338,156 619,901 Total funds carried forward 12 406,029 420,781 826,810 All of the charity's activits-es derive from continuing operations during the above periods. The funds breakdown for 2023 is shown in note 12. The notes on pages 9 to 14 fom an integral part of these financial statements. Page 6
E-sign ID.. 0917822f-70224196-9dda-97803d80f¢cd Kilhorne Parish Church (Registration number: 101227) Balance Sheet as at 31 December 2024 2024 2023 Note Fixed assets Tangible assets Investments 610,833 137,813 440,366 108,110 748,646 548,476 Current assets Debtors Cash at bank and in hand 21,357 109,958 157,882 131,315 157,882 Creditors: Amounts falling due within one year 10 30,849 (2,457 Net current assets 162,164 155,425 Total assets less current liabilities 910,810 703,901 Creditors: Amounts falling due after more than one year (84,000 84,000 Net assets 826,810 619,901 Funds of the charity: Restricted income funds Restricted funds 420,781 338,156 Unrestricted income funds Unrestricted funds Other reserves (213,872) 619,901 (173,074) 454,819 Total unrestricted funds 406,029 281,745 Total funds 12 826,810 619,901 The notes on pages 9 to 14 fom an integral part of these financial statements. Page 7
E-sign ID.. 0917822f-70224196-9dda-97803d80f¢cd Kilhorne Parish Church (Registration number: 101227) Balance Sheet as at 31 December 2024 (continued) The financial statements on pages 6 to 14 yre approved by the trustees, and authorised for issue on 29 October 2025 and signed on their behalf by- W Campbell Mrs Wendy Campbell Trustee C crut¢hley Mrs Cynthia Crutchley Trustee The notes on pages 9 to 14 fom an integral part of these financial statements. Page 8
E-sign ID.. 0917822f-70224196-9dda-97803d80f¢cd Kilhorne Parish Church Notes to the Financial Statements for the Year Ended 31 December 2024 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 balan 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 activits.es 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 follollng annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 200/0 on cost Fixtures and fittings - 20 % on Cost Computer equipment - 20 % on Cost Fund structure Unrestricted funds can be used in accordan 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 9
E-sign ID.. 0917822f-70224196-9dda-97803d80f¢cd Kilhorne Parish Church Notes to the Financial Statements for the Year Ended 31 December 2024 (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 Unrestricted funds General Restricted funds Total funds Donations and legacies., Donations from individuals Gift aid reclaimed Grants, including capital grants- Grants from other charities 147,645 21,246 70,679 218,324 21,246 50,800 50,800 Total for 2024 219,691 70,679 290,370 Total for 2023 182,968 61,862 244,830 3 Income from charitable activities Restricted funds Total 2024 Totsl 2023 4,650 4,650 5,440 4 Investment income Unrestricted funds General Restricted funds Total 2024 Interest receivable and similar income- Interest receivable on bank deposits Other investment income Income from rents 29,750 29,750 713 6,111 713 6,111 6,824 29,750 36,574 Page 10
E-sign ID.. 0917822f-70224196-9dda-97803d80f¢cd Kilhorne Parish Church Notes to the Financial Statements for the Year Ended 31 December 2024 (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 foll0v. 2024 2023 Staff costs during the year were: Wages and salaries Pension costs 49,786 7,131 45,128 10,848 56,917 55,976 The monthly average number of persons (including senior management I leadership team) employed by the charity during the year expressed as full time equivalents was as follows.. 2024 No 2023 No Number of employees No employee received emoluments of more than £60.000 during the year Page 11
E-sign ID.. 0917822f-70224196-9dda-97803d80f¢cd Kilhorne Parish Church Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 7 Tangible fixed assets Land and buildings Furniture and equipment Total Cost At 1 January 2024 Additions 426.480 163.513 49,488 10,559 475,968 174,072 At 31 December 2024 589.993 60,047 650,040 Depreciation At 1 January 2024 Charge for the year 35,602 3,605 35,602 3,605 At 31 December 2024 39,207 39,207 Net book value At 31 December 2024 589,993 20,840 610,833 At 31 December 2023 426,480 13,886 440,366 8 Fixed asset investments 2024 2023 Shares in group undertakings and participating interests 137,813 108,110 9 Debtors 2024 Other debtors 21,357 10 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security VAT grant repayable 2,457 30,849 (30,849) 2,457 Page 12
E-sign ID.. 0917822f-70224196-9dda-97803d80f¢cd Kilhorne Parish Church Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 11 Creditors: amounts falling due after one year 2024 2023 Other loans 84,000 84,000 12 Funds Balance at 31 December 2024 Balance at 1 January 2024 Incoming resources Resources expended Transfers Unrestricted funds General 281,745 226,515 (109,351) 7,120 406,029 Restricted funds 338,156 105,079 {15,334) (7,120} 420,781 Total funds 619,901 331,594 (124,685 826,810 Balance at 31 December 2023 Balance at l January 2023 Incoming resources Resources expended Transfers 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 Page 13
E-sign ID.. 0917822f-70224196-9dda-97803d80f¢cd Kilhorne Parish Church Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 13 Analysis of net assets between funds Total funds at31 December 2024 Unrestricted funds General Restricted funds Tangible fixed assets Fixed asset investments Current assets Current liabilities Creditors over 1 year 610.833 610,833 137,813 131,315 30,849 {84,000) 137.813 88,667 42,648 30,849 (84,000) Total net assets 684,330 142,480 826,810 Total funds at31 December 2023 Unrestricted funds General Restricted funds Tangible fixed assets Fixed asset investments Current assets Current liabilities Creditors over 1 year 440,366 440,366 108,110 157,882 (2,4571 {84,000} 619,901 108,110 126,402 31,480 (2.457) (84,000) 150,512 Total net assets 469.389 14 Related party transactions The following related party transactions occurred during this financial year.. Trustee Mel Campbell worked as the main contractor for the repairs to the Church and was paid £205,601 (inclusive of VAT) in the year ended 31 December 2024. Page 14
E-sign ID.. 0917822f-70224196-9dda-97803d80f¢cd Kilhorne Parish Church Detailed Statement of Financial Activities for the Year Ended 31 December 2024 Total 2024 Total 2023 Income and Endowments from: Donations and legacies {analysed below) Charitable activities {analysed below) Investment income (analysed below) 290,370 4,650 36,574 244,830 5,440 23,898 Total income 331,594 274,168 Expenditure on: Charitable activities {analysed below) (124,685) (109,0861 Total expenditure (124,685) (109,0861 Net income 206,909 165,082 Reconciliation of funds Total funds carried forward 206,909 165,082 This page does not form part of the statutory financial statements. Page 15
E-sign ID.. 0917822f-70224196-9dda-97803d80f¢cd Kilhorne Parish Church Detailed Statement of Financial Activities for the Year Ended 31 December 2024 (continued) Total 2024 Total 2023 Donations and legacies Appeals and donations Appeals and donations Appeals and donations Gift Aid tax reclaimed Grants - other agencies Other income 22,777 47,902 147,195 21,246 50,800 450 7,479 54,383 151,462 19,664 11,842 290,370 244,830 Charitable activities Burial and maintenance fees 4,650 5,440 4,650 5,440 Investment income Rental income Dividends received RCB Income Scheme Bank account interest Bank account interest Bank account interest Bank account interest 6,111 9,916 13,386 551 713 29,750 13 27 36,574 23,898 Charitable activities Fundraising costs Depreciation of plant and machinery Depreciation of fixtures and fittings Charitable donations Bank charges Bank charges Bank charges Bank charges (261) Wages and salaries (49,786) Pensions {7,131) Subcontract cost (150) Rates (3,843) Light, heat and power (3,753) This page does not form part of the statutory financial statements. Page 16 (3,482) (5,3591 (325) (3,1911 (18,870) (33) (95) (21) (1171 (45,1281 (10,8481 (8501 (3,3021 (3,3141 (3,605) (14,230)
E-sign ID.. 0917822f-70224196-9dda-97803d80f¢cd Kilhorne Parish Church Detailed Statement of Financial Activities for the Year Ended 31 December 2024 (continued) Total 2024 Total 2023 Insuran Repairs and maintenance Upkeep of grounds Telephone and fax Printing, postage and stationery Hire of other assets (Operating leases) Sundry expenses Diocesan Assessment Advertising Accountancy fees Legal and professional fees (4,500) 241 (1,104) (4,1581 9,414 (1,7011 (350) (9731 (4321 (6,3701 (8,5081 (2501 (600) (3,7051 (109,0861 (998) (551) (2,789) (10,064) (475) (18,204) {124,685) This page does not form part of the statutory financial statements. Page 17