lena Parlsh hurch Acc un 122.918.12 47,111.78 Bw T•mi D•rKtt (Dark•) Total Bank Accni• 123J61A4 47A1158 G•n•r•l Accounl {O•nsk• Curr•nt *nI 57.782.40 46,188.74 181344A2 93,00132 870.IX> P4•t AM•is Tothl 182.034.32 93,801.32 Mwk Bsc I%>. ACMA.
Glenavy Parish Church
Income and Expenditure Report
| Income and Expenditure Report | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| Year ended 31st December 2024 | Funds | Funds | Total | Total |
| 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Income | ||||
| Voluntary giving | 65,178.78 | 1,334.10 | 66,512.88 | 69,865.90 |
| Gift Aid | 10,758.91 | 10,758.91 | 11,411.93 | |
| Extraordinary general income | 77,138.32 | 77,138.32 | 2,459.88 | |
| Investment income | 80,681.67 | 80,681.67 | 84,991.99 | |
| General parish income | 3,695.00 | 3,695.00 | 2,020.00 | |
| Property related income | 7,926.18 | 7,926.18 | 3,459.68 | |
| Other funds raised | 8,220.00 | 8,220.00 | 1,482.84 | |
| Total Income | 245,378.86 | 9,554.10 | 254,932.96 | 175,692.22 |
| Expenditure | ||||
| Repairs / Upkeep | 65,846.55 | 65,846.55 | 46,941.98 | |
| St John's Restoration | 8489.08 | 8,489.08 | 22,338.37 | |
| Staffing costs - Clerical | 24,579.36 | 24,579.36 | 59,620.22 | |
| Staffing costs - Other | 7,126.18 | 7,126.18 | 5,886.18 | |
| Rates and Water | 2,782.47 | 2,782.47 | 2,506.36 | |
| Diocesan Levies | 16,238.88 | 16,238.88 | 15,975.24 | |
| General parochial overheads | 12,912.54 | 12,912.54 | 12,458.46 | |
| Parochial ministry overheads | 1,861.76 | 1,861.76 | 3,462.06 | |
| Financial and professional costs | 4,409.04 | 4,409.04 | 4,525.15 | |
| Special project costs | 0.00 | 0.00 | ||
| Donations to Charities and Missions | 12,700.00 | 9,554.10 | 22,254.10 | 13,832.00 |
| Total Expenditure | 156,945.86 | 9,554.10 | 166,499.96 | 187,546.02 |
| Surplus / (Deficit) for the year | 88,433.00 | (11,853.80) | ||
| Reserves brought forward | 93,601.32 | 105,455.12 | ||
| Reserves carried forward | 182,034.32 | 93,601.32 |
Extraordinary general income - in 2024 has increased significantly from 2023 due to a VAT reclaim on restorative work on St John's Church.
Glenavy Parish Church
Investment Assets held with RCB Dublin at 31 December 2024
| Bank Accounts | 2024 | 2023 | Movement in year |
|---|---|---|---|
| £ | £ | £ | |
| Deposit Account (Crumlin Wayleave) | 5,642.05 | 5,448.39 | 193.66 |
| Deposit Account (Glenavy) | 46497.82 | 46,497.82 | |
| RB General Unit Trust NI | 2,564,361.00 | 3,006,579.00 | (442,218.00) |
| Total Investment Assets | 2,616,500.87 | 3,012,027.39 | (395,526.52) |
| Movement in year | |||
| Capital Expenditure on St John's Church | (449,408.92) | ||
| Growth in Fund / interest | 53,882.40 | ||
| (395,526.52) |
Ind•p•nd•nt •x•mln•r'• report to the charlty tru•t¢¢• of Gl•navy Parl•h Church. report on the accounts of the Trust for the year ended 31 December 2024. Respectlve responslbllltles of charlty trustees and examlner As the charfty's trustees you are responslble for the preparatlon of the accounts In accordance wlth the Charftles Act (Northem Ireland) 2008. It Is my responslblllty to.. examlne the accounts under sectlon 65 of the Charltles Act • follow the procedures lald down In the general Dlrectlon5 glven by the Commlsslon under sectlon 65(9)(b) of the Charltles Act • State whether partlcular matters have come to my attentlon. Basls of Independent examiner's report I have examined your charity accounts as requlred under sertlon 65 of the Charltles Act and my examlnation was carrled out In accordance wlth the general Dlrections glven by the Charfty Commlssion for Northern Ireland under sectlon 65(9)(b) of the Charities Act. My examination Included a review of the accountlng CordS kept by the charfty and a comparlson of the accounts presented wlth those records. It also Included consideration of any unusual items or dlsclosures In the accounts, and 5eeklng explanations from you as charity trustees concemlng any such matters. My role is to state whether any materlal matters have come to my attentlon glving me cause to believe: l. That accounting records were not kept in accordance with sectlon 63 of the Charities Act 2. That the accounts do not accord with those accountlng records 3. That the accounts do not comply with the accountlng requlrements of the Charities Act 4. That there is further infomatlon needed for a proper understandlng of the accounts to be reached. Independent examinerfs statement I have completed my examination and have no concerns In respect of the matters (l) to (4) listed above and, in connection with followlng the Directions of the Charity Commission for Northem Ireland, I have found no matters that requlre drawlng to your attention. Name: Mark McGonlgle Bsc IHons1, ACMA Relevant professlonal qualificatlon or body.. Chartered Institute of Management Accountants Address: 5 Newtown Crescent, Newtownards, Co. Down, BT23 7GP. Date: 8110125