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2024-12-31-accounts

The Cathedral Church of Christ the Redeemer Dromore Annual Report and Financial Statement5 For the year ended 31st December 2024 Northern Ireland Charities Number: 101679

The Cathedral Church of Christ the Redeemer Dromore Contents Page Trustees, Annual Report Independent Examiner's Report to the Trustees Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-15

The Cathedral Church of Christ the Redeemer Dromore References and Administrative Details - Year ended 31st December 2024 Charity Name: The Cathedral Church of Christthe Redeemer Dromore Charity Registration Number: NIC101679 Contact Address: Cathedral Office 30 Church Street Dromore Co. Down BT25 IAA Trustees Very Revd Geoff Wilson Revd Trevor James McKeown (Resigned June 20241 Mr William Forsythe Miss Mary Ann Mcmurray Mrsamuel Newell Mr Robert Ashely Silcock Mr Scott Mackey Mrs Leanne R Teggart Mr Andrew Carson Mr Samuel Paul Cochrane (Resigned October 2024) Mr Andrew Robert Cuthbert (Resigned April 20241 Mrs Evelyn Joanne Silcock {Resigned April 20241 Mrs Rebekah Davidson Mr lan Purdv Mrs Susan Jane Russell {Resigned April 2024) Mr lan Doig (Rppointed April 20241 Mr George Gracey (Appointed April 2024) Mrs Hilary Purdy Mr Nicholas Davis (Resigned April 20241 MrAndrew McNeill Mr James Mccomb IAppointed April 20241 Mr Alan Turkington (Appointed April 20241 Principal Office-bearers Very Revd Geoff Wilson - Rector & Dean Mrs Rebekah Davidson- Honorary Secretary Miss Mary Ann McMurr3y- Honorary Treasurer Mr Alan Turkington- Rector's Church Warden Mr Scott Mackey- People's Church Warden Independent Examlner Mr Thomas Vint. F.C.C.A. S M Vint & Company Chartered Certified Accountants 8 Newry Road Banbridge Co Down BT32 3HN Bankers Danske Bank 45-48 High Street Portadown Craigavon Co Armagh BT62 ILB

The Cathedral Church of Christ the Redeemer, Dromore st Trustees, Annual Report for the year ended 31 December 2024 The Trustees present the Annual Report and Statements of Receipt5 and Payments and Assets and Liabilities for The Cathedral Church of Christ the Redeemer, Dromore for the year ended 31" December 2024. Objectives and Activities (the wording supplied for Charitable Objective5 and Activities were approved by Generol Synod in 2015.) The charitsble purpose of the Church of Ireland is the advancement of religion. The principal function of The Cathedral Church of Christ the Redeemer, Dromore is to support the advancement of the Christian religion by promoting, through the work of The Cathedral Church of Christ the Redeemer, Dromore 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 Cathedral Church of Christ the Redeemer, Dromore 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 Cathedral Church of Christ the Redeemer, Dromore. Achievements. Performance & Public Benefit The Cathedral Church of Christ the Redeemer is situated in the heart of the town of Dromore and seeks, through all of its activities, to have the town of Dromore, and its inhabitants, at its heart. Principally, this has been achieved under the following headings: Pastoral Care The provision of funeral services for those who have been bereaved. The ladies of the Parish provide funeral teas when requested by bereaved families. The delivery of pastoral support for those who have been identified as in need or have presented themselves as being in need of pastoral support. A structured modes of visitation to those with more acute needs continued during the reporting period. Staffing During the reporting period, Rev Trevor McKeown, our NSM Curate, retired on 30th June 2024. Rev Geoff Hamilton was appointed a part-time Curate on 14th October 2024. Page l of 6

st Trustees. Annual Report for the year ended 31 December 2024 (continued) Worship Services Regular Sunday services were held at 8.30am, 10.00am, 11.30am and 6.00pm. Services were also held on Ash Wednesday, Wednesday evenings throughout the season of Lent and each evening in Holy Week. A monthly seniice in the Mountvale Nursing Home wa5 held on the first Thursday of each month for the benefit of all residents and their family members. A monthly service in the Beeches Fold was held on the first Friday of each month for the benefit of the residents. In addition to the foregoing, a number of more occasional services were hosted, namely a service of Installation of two new Canons to the Cathedral Chapter, Diocesan Mothers, Union Festival Service, Confirmation service and Community Carol Service. st During the reporting period, a service of Praise, Prayer & Testimony was held on the I Sunday evening of each month, something which has been a great source of encouragement and blessing to all in attendance. Services for Children and Young People The Parish provides weekly instruction in the Christian faith through the provision of Sunday School and Girls, Brigade. Both groups are open to the whole community, Sunday School meeting on a Sunday morning during the 10.00am seNice and Girls, Brigade meeting on a Tuesday evening. A Holiday Bible Club was held for a week in August for children of primary school age. PULSE- A Youth Fellowship for teenager5, from both the church and community, met on a Sunday evening. Bible Study On a monthly basis, a Parish Bible Study enabled participants to learn more about the Christian faith and assisted them in their personal development. Alpha During the reporting period, a 'Community Alpha, course was held to enable those attending to explore more of the Christian faith. Unanswered Prayer Course A meeting was held following our Lenten services and those attending examined different aspects of unanswered prayer. Mothers, Union, MATCH, JOY, Craft Class. Men United and History Reading Group These groups continued to meet during the reporting period. Page 2 of 6

st Trustees. Annual Report for the year ended 31 December 2024 (continued) Outreach and Mission During the year, the Parish furthered the social aspect of the Gospel through support, both financial and practical, for the work of other Christian agencies, namely Via Wings and Youth for Christ in Dromore and our link Diocese of Maridi in South Sudan. Throughout the season of Lent, parishioners were encouraged, through the "Jar of Grace" to give, pause and pray; the proceeds of the Jar of Grace were forwarded to the Diocese of Maridi to support the work of young boys and girls through the Brick Project. Team Visit to Maridi, South Sudan The Rector lead a Diocesan team consisting of three parishioner5 from the Parish and himself to visit our partner Diocese of Maridi in South Sudan. This trip was funded at no expense to the Parish with funds being raised through personal and team fundraising initiatives. The purpose of the visit was to share experience/knowledge and support ministry in the realms of church leadership, preaching and teaching more effectively, exercising prayer ministry, education and healthcare. Team members were impacted significantly by this trip and shared Something of their experiences in church services upon their return. Support for other Charities In September, the Parish hosted a coffee morning in aid of Macmillan Cancer Support. th On Saturday 14 September 2024, the Dean undertook a sponsored Lap of the Lough to raise funds for a team from the Diocese to visit Maridi in South Sudan. th On Friday 13 December 2024, the Dean led a sit-out in the town in aid of the work of the Southern Area Hospice, Newry. th On Sunday 15 December 2024, the Cathedral hosted a community Carol Service with singers from all of the schools in the town participating as well as the Parish Choir and SOMA. The offering received at this service was given to the work of the Southern Area Hospice, Newry. Ukrainian Refugee Famllv The Cathedral Church family continued to provide a range of practical, financial and emotional support to the family who came from Ukraine to Dromore in November 2022. The Dignity of the Person Through everything the Parish is involved in and delivers, the dignity of each individual is recognised and respected. This is specifically upheld through the Church's Safeguarding Trust Policy and the provision of an environment which reflects each person's value in God's sight. Page3of6

st Trustees, Annual Report for the year ended 31 December 2024 (continued) Compliance with Public Benefit The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities entered into during the year have helped to achieve the Parish's objectives and activities, as well as providing public benefit. Financial Review General Account. The main sources of income are derived from General and Freewill Offertories, Harvest Gift Day and Gift Aid Tax Refunds. The total of these increased by 7Yo over the previous year. Overall Cash Position. The Church has a number of Bank Accounts with an aggregate credit balance at the end of the year. Cash Reserves Policy The Trustees, policy relating to cash reserves is that sufficient funds should be held in reserve to finance foreseeable Capital and Ministry projects. Going Concern The Trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate funds in place to ensure that the Parish can continue its activities and the Financial Statements for the year ended 31 December 2024 can be signed off a5 a going concern. Strurture, 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 member5 are the Charity Trustees. Recruitment and Appointment of Select Vestry (Trustees) All members of the Church of Ireland who are over the age of 18 and are either resident within the Parish 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 meetings of the General Vestry and to stand for election to the Select Vestry. Meetings of the General Vestry are held at least once a year. The Select Vestry is elected as part of this General Vestry meeting. The Select Vestry will hold their posltions for a period of one year. Select Vestry members may be re-elected annually and there is no limit on the number of terms which may be served. Page4of6

Trustees. Annual Report for the year ended 31st December 2024 {continued) Pay and Remuneration The Trustees confirm that the Incumbent is paid directly by the Parish and receives Stipend, Locomotory Expenses and Office Allowance in accordance with the figures approved by the General Synod of the Church of Ireland. The Curate Assistant receives payment in accordance with the rates approved by the Diocesan Council. Organisational Structure 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 Curate Assistant, the Church Wardens, the Glebe Wardens and generally not more than twelve other members of the General Vestry elected at the General Vestry. The Select Vestry is 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. Special meetings may be convened at any time by the Chairperson or the Church Wardens subject to adequate notice being given, In 2024 the Select Vestry met 12 times during the year and the average attendance was 84%. 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. The law applicable to Charities in Northern Ireland with Income of less than £250,000 requires the Trustees to prepare a Statement of Income and Expenditure and a Statement of Assets and Liabilities 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 steps for the prevention and detection of fraud and other irregularities. Independent Examiner The Independent Examiner, S M Vint & Co, have indicated their willingness to continue in office, and resolution concerning their re-appointment was passed at the Annual General Vestry Meeting. Page 5 of 6

Trustees. Annual Report for the year ended 31rt December 20241continued) Signed on Behalf of the Trustees Very Revd S G Wilson Miss M A Mcmurray th Date: 18 August2025 Page 6 of 6

Independent Examiner's Report to the Trustees of The Cathedral Church of Christ the Redeemer Dromore I report on the accounts of the charity for the year ended 31st December 2024 which are set out on pages 8 to 15. Respectlve responslbllltles of Trustees and Examiner As the charitWs trustees you are responsible 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 Charity Commission for Northern Ireland under section 6519}Ib} of the Charities Act; and state whether particular matters have come to my attention. Basis of Independent Examlner'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 65191{bl 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 charity trustees concerning any such matters, My role is to state whether any material matters have come to my attention giving me cause to believe.. l. That accounting records were not kept in accordance with section 63 of the Charities 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. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters111 to (41 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. Mr Thomas Vint F.C.C.A For and behalf of S.M. Vint & Co Chartered Certified Accountants & Registered Audltors 8 Newry Road Banbridge BT32 3HN 22nd August 2025

The Cathedral Church of Christ the Redeemer Dromore Statement of Financial Activities for the year ended 31st December 2024 Unrestricted funds Restrirted funds Prior year total funds Note Total funds Income and endowments from: Donations and legacies Income from charitable activities Investments Other income Total income 217,337 14,952 79 18,806 251,174 1.668 5,468 1,556 219,005 20.420 1,635 18,806 259,866 190.395 8,389 1,601 34,877 235,262 8,692 Expenditure on: Raising Funds Charitable Activities Total expendlture Net income l (expenditure) resources before transfer 8,357 219,134 227,491 23.683 1.046 6,605 7,651 1,041 9,403 225.739 235,142 24.724 9,575 223.885 233,460 1,802 Transfers Gross transfers between funds- in Gross transfers between funds- out 61,500 -60.000 300 -1,800 61,800 -61,800 277 -577 Other recognised galnsllosses Gains / losses on investment assets Gains on revaluation, fixed assets, charity's own use Net movement in funds 25,183 -459 24,724 1,502 Reconciliation of funds Total funds brought fonvard Reserve Movement Total funds carried forward 1,055,207 21,416 1,076,623 1,075,121 17 1,080,390 20,957 1.101,347 1,076,623

The Cathedral Church of Christ the Redeemer Dromore Statement of Financial Position / (Balance Sheet) as at 31st December 2024 Note As at 3111212024 As at 3111212023 Fixed assets Tangible assets Investments 13 14 936,790 31,360 968,150 936,790 31,360 968.150 Current Assets Cash at bank and in hand 133,197 133,197 161,661 161,661 Liabilities Creditors: Amounts falling due in one year 15 53,188 Net current assets 133,197 108,473 Total assets less current liabilities 1,101,347 1,076.623 Total net assets less liabilities 1,101,347 1,076,623 Represented by Unrestricted funds 16 1,080,390 1,055,207 Restricted funds 16 20,957 21,416 Total Funds of the Parish 1,101,347 1,076,623 Notes on page5 10 to 15 are an integral part of these financial Statements. The financial statements on pages 8 to 9 were approved by the Board of Trustees on 18th August 2025 and signed on its behalf by: Very Revd Geoff Wilson- Rector Miss Mary Ann McMurray- Hon. Treasurer

Note5 to the financial staternents for the year ended 31 December 2024 l. Accounting policies The principal accounting policies adopted. judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. al Basis of preparatlon The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- (Charities SORP {FRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Parish meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost and transaction value unle55 Otherwise stated in the relevant accounting policy notelsl. b) Preparation of accounts on a gosng concern basis The Parish generally meets its day to day working capital requirements from its annual income. The Trustees have obtained and reviewed cash flow forecasts for the coming year and based on these are satisfied that the Parish has resources to provide a reasonable expettation that it can continue to meet its financial obligations as they fall due for the foreseeable future. Therefore these financial statements have been prepared on a going concern basis c) Income Income is accounted for on a cash receipts basis as the amount is collerted and are allocated as either restrirted or unrestrirted funds according to the terms of the donation. dl Expendlture Expenditure is recognised on a cash payments basis. e) Tangible assets The assets of the Parish comprise:. Cathedral Building and Grounds Parish Halls • Rectory • Curatage The Church Building and Grounds are deemed to be Heritage assets as defined by the Charities SORP (FRS1021. These Heritage assets are not included on the balance sheet as information on the cost or valuation 15 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 assets, residual value5 and useful live5 are reviewed. and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively. Fixtures and Fittings are recognised at cost and are depreciated on a straight line basis over a period of 10 years. Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the new disposal proceed5 and the carrying amount is recognised In the statement of financial activities and included in 'Other operating Ilossesl/gains'. f) Investments Fixed asset investments comprising investment properties, investments in equities and investment in RCBICIT Unit Trusts are initially recorded at C05t and are then subsequently stated at fair value at each balance sheet date. Investments in unquoted investments are recorded at cost and are assessed annually for impairment. Unrealised gain5 and1055es represent the difference between the fair value at the beginning and end of the financial year or, if purchased in the year, the difference between c05t and fair value at the end of the year. Realised gains and losses represent the difference between the proceed5 on disposal and the fair value at the start of the year or cost if purchased in the year. Both realised and unreali5ed gain5 and losses in investments are reported within "Net Gains / ILossesl on Investments" within the Statement of Financial Activities. io

gl Cash and cash equivalents Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within Creditors Amounts falling due within l year. h) Financial instruments The Parish only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction price and subsequently measured at their settlement value. l) Funds Funds are classified as either restricted funds or unrestricted funds. defined as follows: Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the Parish. Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees, discretion to apply the fund. 2. Critical accountlng judgements and estlmatlon uncertalnty Estimates and judgments made in the process of preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Trustees do not consider that there are any critical judgments made in applying the Parish's accounting policies or that there are any critical accounting estimates or assumptions which may have a significant risk of causing a material adjustment to carrying amounts of assets and liabilities within the next financial year. 3. Donatlons and legacies Unrestricted Restrlrted Totsl 2024 Totsl 2023 FWO Plate collectlons Tax Recovered on Donations Speclal Appeals Donatlons Legacy Missions 118.842 8.088 29.890 45,171 8.138 5,000 2,208 217,337 1,165 120.007 8.088 30,063 45,416 8,223 5,000 2,208 219,005 116,238 9.169 25,150 33,010 4,881 173 245 85 1,947 190,395 1.668 4. Income from Charitable Activities Unrestrirted Restrirted Total 2024 Total 2023 Special Fund Ralsln8 Publicatlons Weddings & Funerals 11.207 430 3,315 14.952 2,593 13,800 430 6,190 20,420 4,129 590 3,670 8,389 2,875 5.468 5. Investments Unrestricted Restricted Total 2024 Total 2023 Bank interest Dividends Recelved li 1,545 1,556 li 1,624 1,635 li 1,590 1,601 79 79 li

  1. Other Income Unrestricted Restricted Total 2024 Total 2023 Rental Curatsge RCB Scheme Income Use of premises Employment Allowance Ardbarron Trust RBP Parade- Car Parklng Recycling Clothes Bequest- Grave Upkeep Electricity Energy Support Sabbactical Leave Fund Grant PEW Cushions Agape Meal Nest Refund Danske Bank- Goodwill Gesture Sa8e Refund 6,900 606 4,887 4,832 6.900 606 4,887 4,832 6,900 589 7,268 5,317 8.000 1,000 338 loo loo loo Llll 1,800 1,500 2,065 1,220 74 23 150 14 18,806 1,220 74 23 150 14 18.806 34.877
  2. Analysls of Expenditure Unrestricted Restrlcted Total 2024 Totsl 2023 Ralslng Funds Fundraising costs Office Costs Bank Fees Bank interest 1,024 1,024 7.661 718 216 8,659 700 7,661 696 22 8.357 1,046 9.403 9,575 Charitable A¢tivitles Wages and salaries Diocesan Costs l Assessment Cathedral Running Costs Hall Costs Ground5- Maintenance Rectory Costs Curatage Costs Rates Girls Brigade Expenses Children & Young People Charitable Donation5 Missions Disbursement of Ardbarron Trust Funds Administration costs 110.333 12.588 21,443 7,822 loo 11,507 531 3,793 110,333 12,588 21,443 7,822 loo 11,507 531 3,793 2,855 334 42,237 2,208 116,673 12.276 21.178 13,044 loo 7,656 335 4,090 4.769 386 27.438 1,947 8,000 5,993 223,885 2,855 334 1.087 41,150 2208 7,659 219,134 2,329 6,605 9.988 225,739 Total Expenditure 227,491 7,651 235,142 233.460
  3. Gain l (Loss) on Investment Assets 2024 2023 Reali5ed gains I Ilosse51 on investments

  4. Taxatlon The Cathedral Church of Christ the Redeemer Dromore is recognised as a charity for the purposes of applicable taxation 12

  5. Collertions for Third Parties 2024 2023 Macmillan coffee morning Lower Iveagh LOL service Bishops, appeal - annual Women's World Day of Prayer Mothers, Union Oversea Fund Royal British Legion The Bible Society of Nl H&SENI - Farm Safe Service Commissioning of Lay Readers Bann District GB Service St John's Hospice, Newry The above amounts have been included in Receipts for the year under third party appeals and in payments for the year

  6. Analysis of staff costs, trustee remuneratlon and expenses, and the c05t of key management personnel 2024 2023 Salaries & wages 110,333 116,673 The average number of employees during the year, calculated on the basis of a head count, was as follows.. 2024 Number 2023 Number Ministerial support Administration Music staff Other staff There are no employees in receipt of employee benefits in excess of £60,000 Key Management and Trustees Key management are deemed to comprisethe Trustees. The Parish paid expenses of £4,051 relating to the running costs of the Glebe House which 15 occupied by the Rector. The Parish paid the Rector, who is also a Trustee, a stipend of £45.661. locomotory allowance of £7.000 and office allowance No trustee received any remuneration or reimbursement of expenses during the year. No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the 13

  7. Governance Costs Governance costs of £1,200 were incurred during the year of which £1.200 relates to fees paid to the independent examiner. Governance costs are included within Administration costs in the Receipts and Payments Accounts.

  8. Tangible fixed assets Office Equipment Buildings Total Cost At the beginning of the year Additions Disposals At the end ofthe year 936,790 936,790 936,790 936,790
  9. Investments Listed Investments Non Listed Investments Total Balance at the beginning of the year Revaluations during the year Disposals during the year Balance at the end of the year 31,360 31.360 31,360 31,360
  10. Creditors Amounts Due within l Year 2024 2023 Bank overdrafts Accrual 53,188 53,188

  11. Analysis of Net Assets Among Funds Restrirted General Fund Funds 936.790 31,360 112,240 Total Fixed assets Investments Current Assets Current Liabilities Net Assets at 31 Dec 2024 936,790 31,360 133,197 20.957 1.080,390 20,957 1,101,347 14

  12. Reserve Movement Restrlcted General Fund Funds 1.055.207 25,183 Total Opening Balance Net movement in funds Prior Year Adjustment 21,416 -459 1,076,623 24,724 Net Assets at 31 Dec 2024 1,080,390 20,957 1,101,347 15