St Catherine's Parish Church Killead Trustee$, Annual report and Statement of Receipts and Payments and Assets and Liabilities Forthe year ended 31 December 2025 Charities Number NIC 101739 St Catherine's Parish Church Killead Annual report and financial statements forthe year ended 31 Decembor 2025 Contents Pages Referen¢es and Administrative details Trustees Report Independent Examiners report Receipts and Payments 74 Statement of assets and Liabilities Notes to the finanaal statements 10-11 St Cathgrine'$ Parish Church Killead Refèronce and administratlve detslls Charty Name: St Catherine's paT￿h Church, Killead Charity Registratjon Number. NIC 101739 Trustses Stephen Musgrave Beth Musgrave Arthur Molyneaux Dorothy Molyneaux Wictor Sefton Gw Rainey Jim White Gail White John Mccord Jacqui Mccord Elizabèth Brown Fiona Rutherford Georgina Sefton Princtpal Office-bearers Rev Derek Harrington: Chaitperson John Mccord: Traasurer Indepondgnt Examiner John Mccleary FCA McCle8ry and Company Ltd Chartered Accountants GaNey Studios 14 Longstone Street Lisbum BT28 1TP Bankers Ulster Bank 8 Market Square Antrim BT41 4AT st Catherina's Parish Church Klllead Trustees, Annual Report forthe Year Ended 31 Dècember 2025 The trustees present the annual report and statements of Receipts and Payments and Assets and LAbilities for St Catherine's Parish Church lfjllead, for the year ended 31 December 2025. Objecttves and Actrvities The charitable purpose of the Church of Ireland is the advancement of religion. The principal ftjnction of St Catherine's Parish Church lfjllead, is to support the advancement of the Christian religion by promoting, through the work of the congregation the whole mission of the Church, pastor81, evangelistic. social and ecurnenical. Being open to and engaging wth society and offering support for those needing help are fundamental to the practical delNery of the benefits of Christianity- As a result of activty in the pursuit of the advancement of the Christian religion, St CalheTine's Parrsh Church, lfjllead has Custody of certain propety, records, materials and artefacts which are of signtficance to the cultural and religious heritage of the whole community, tho Maintenan￿ of whlch is undertaken by the selectvesty of St Catherine's Parish Church Killead. Achievements, Perfomiance & Public Benefit The church was On￿ again heavily involved within the local txjmmunity during 2025 and this Involvement will continue in the future. Financial Review The income for the church from various Sou￿$ was £88.081.86 with outgoings of£44,839.84. giving an excess of income over expenditure of ££￿,242.02 (2024 surplus £32.255.21)- The bank and cash balances on 31 December 2025 were in surplus to the value of £169,735.18. 12024 Surplus £126.493.161- Of this surplus, £101,566.77 relates to the Ropair Fund accountand £68.168.41 relates to the General account It is the Iruslee's policy to hold reserves adequate to cover unexpected emergenci￿ and to have adequate re$eTves for churth propety maintenance and to furtherthe objectives and actNities of the parish. Going Concern The trustees have reviewed the budget for the year ahead and are satisffed that there are adequate fvnds in placeto énsure the church Gan continue its actNibes and thefinanci81 statementsfortheyear ended 31 December 2025 can be signed off as a going o)n¢em. St Catherine's Parish Church, Killead Trustees, Annual Report for the year ended 31 December 2025 Icontinuedl Structure, Governance and Management Goveming Documentand Constitution of the Charily St Catherine's Parish Church ￿llead is govemed and manag8d in accordance with the constituuon of the church of Ireland. The select v&sty members are the charity trustees. RecruitmentandAppolntment of Select Vesty (Tniste&s) All members of the Church of Ireland who are overthe age of 18 and are either resident within the parish or INe ¢lsewhere but have been accustomed members of the congregation for at least three months, may register as members of th& general vestry of the parish. allowing them to attend and vote at meetings of the general vesty and to stand for election to the select vestry. Meetings of the general vesty are held at least once a year. The Select Vesty is elected as part of this GeneRI Vesty m¥elirvJ. The Select Vgsty will hold their PDsitiork8 for a period of one year. Select Vesty members may be re-el&cted annually and there is no limlt on tre number of tenms which may be served. Oryanisational Structure The select vestry is responsible for the day-t¢>day management of the parish. The seleel vestry consists of the momber of the dei9y seNing in the parish, any Curate assistant {°the curate"}, the churchwardens, the glebe wardens and generally not more than ￿e1ve other members of the generd vesty elected at tre General Vesty. The seleotvesty is chaired by the incumbent or other member of the clergy officiating in the parish. Selectvesty members are responsible for making decisions on matters of general concern and Importance to the parish indudlng deciding how parish fijnds are to be applied. The seleGt vestry meets at b'mes fixed by the members or by the di¢)oesan synod. Spèclal meetings may be convened at any time by the chairper50n or the chur¢hwardens. In 2025 the Select Vesty met 4 times during the year. Compliance with Public Benefit The Parish has considered the Charity Commission for Northem Ireland's guidance on public benefft to ensure that the actives entered into during the year have helped to achieve the Parish's objectives and activities, as well as providing public benefit. 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 liabil￿eS in acwrdance with applicable law and regulations. The law applivdble to tharities in Northem Ireland wtth Income of less than £250,000 requires the trustees to prepare a ststement of re￿Ipts and payments and a statement of assets and liabilities for each financial year. St Catherinè's Parish Church, Killead TTUStees' Annual Report for the year endgd 31 Decgmber 2025 {continued} Statement of Trustees. Responsibilities {contlnuedl The Iruslees are responsible f¢x keeping accounting recorés that are sufficient to show 2nd explain the Parish's transactions and disclose with reasonable accuracy at any time the assets and liabilities of the Parish. They are also Fesponsible for safeguarding the assets of the Parlsh and hence for taking reasonable steps for the prevention and dalection of fraud and other irregularities. Signed on Behalf of tha Trustees Trust99.' Dorothy Motyneaux Trustee: John Mccord Date: 21 April 2026 St Catherine's Parfsh Church, Killead Independent Examiners Report to the Trustees ot St Catherine's Parfsh Chureh Killead I report on the accounts for the year ended 31 December 2025 set out on pages seven lo eleven. Respective responslbllitiès of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance wt(h the Charities Act (Northem Ireland) 2008. It is my responsibility to.. ex8mine the accounts under Section 65 of the Charities Act to follow the procedures laid down in the Geneial Directions given by the Charity Commission (under Section 6519llb} of the Charities Actl,- and to slate whether particular matters have come to our attention. Basis of the indepèndont examiner's report I hav8 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 Charlties Commission for Northern Ireland under section E519llbl 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 consider8tion of any unusual items or disclosures in the a¢¢ounts and seeking explanations from you as charty trustees concerning any such matters. My role is to state whether any materlal matters have come to my attention gtwng me cause to believe.. 1. That accounting records were not kept in accordance with sectTon 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accoLTnts do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a propèr understanding of the accounts lo be reached. Independent examinerfs ststsment I have cornpleted my examination and have no concems in respeotof the matters11} to14) lisled above and In connection with follomryng the Directions of the Charity Commission for Northem Ireland.. I have found no matters that require drawing lo your attention. John Mccleary FGA M¢Cleary & Company Ltd Chartered Accountants Garvey Studios 14 Longslone Street Lisburn Co. AntrTm BT28 1TP Date: 21 April 2026 st Catherine's Parish Church Killead Receipts and Paymènts Account for the year ended 31 December 2025 Unrestrfeted Restri¢ted Funds Funds 2025 2025 Total 2025 Total 2024 Note Recei Freewill and 8uilding Fund Envelopes Plate & loose Collections Yarns from the Bible Kings Chorale Playground Rent of Rectory Fundraising Bank Interest Received Investment Income Charitable Contrtbulions Grant ANBC Gift Aid Legacy Income Funerals and Weddings Other Receipts 28,610.00 1.818.75 40.496.00 69,106.00 28,327.80 1,818.75 862.31 13,469.67 1,578.00 250.¢)0 250.00 9.715.64 7.118.87 2,686.50 2.686.50 3,540.00 733.29 951.08 723.61 667.55 345.40 7.789.50 500.00 250.00 9.715.64 733.29 723.61 345.40 500.00 5,675_31 25.000.00 450.00 450.00 1,486.00 1.752.67 266.67 640.00 Total Recei 42.963.36 45,118.50 88,081.88 89,87D.09 Pa ents Contribution to Minister Costs Preaching Assistants Organist Diocesan Levies & Charges Electricity Water Rates 13.565.40 221.66 550.00 4,647.00 4,847.93 346.62 495.00 3,114.71 1,282.50 6,836.19 1,345.40 13,565.40 14,175.84 221.66 80. 550.00 1.060.00 4.647.00 3,892.68 4,847.93 6,214.06 346.62 495.00 3,114.71 1.282.50 5,109.20 11.945.39 1.345.40 540.02 3.OS8.89 1.222.88 5,278.48 2.789.50 15,137.39 1,045.95 226.48 1.915.34 480.00 Insuran¢e Rates Building Work Charitable Donations Repairs al Rectory Yams from the Bible Bank Interest & Charges Sundry Accountancy Christmas Dinner Envelopes Kings Chorate 203.42 1,001.75 504.00 532.39 203.42 236 67 1.238.42 504.00 532.39 122.37 375.00 Total Pa ments 39.493.97 5.345.87 44,839.84 57.614.88 Excess of Recelpts over Payments for the year before transters 3,469.39 39.772.63 43242.02 32.255.21 Transfers Excess of Receipts over Payments 3.469.39 39,772.83 43,242.02 32.255.21 On Behaff of the Trustees Trust98: Dorothy Molyneaux Trustee: John Mccord Date." 21 April 2026 St Catherine's Parish Church Killead Statement of Assets and Liabillties as at 31 December2026 Unrestricted Funds 2025 Restrtcted Funds 2025 Totsl 2025 Total 2024 Rectory 270,007.66 270,007.66 270.007.66 Cash Funds General Account Building Repair A¢count Total Cash Funds 68,168.41 68,168.41 101,566.77 169.735.18 64,699.02 61,794.14 12e,493.16 101,666.77 101,566.77 68,168.41 Total Funds 338,176 07 101.566.77 439,742.84 396,500.82 On Behalf of the Trustees Trustee: Dorothy Molyneaux Trustee: John Mccord Date: 21 April 2026 st Catherlne's Parish Chureh Killead Notes to the financial statements for thg year ended 31 December 2025 1. Aeeounting policigs Set out below are the principal accounting pollcies which have been adopted in the cornpilation of th8 R￿eIpts and Paymen15 Account and the Statement of Assets and Ltabilrties (al Recelpts and Payments Account All iloms of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. (bl Statement of Assets and Llablllties ) Assets retained for the Parlsh's own use The assets of the Parish. retained for ils own use Comprise of.. - Church Building and Graveyard Parish Centre Rectory The Church Building and Graveyard are deemed to be Heritage assets as dèfined by the Charities SORP {FRS1021 These Heritage assets are not included in the statement of assets and liabili(iès as information on the cost or valuation is not available and such information cannot be obtsined at a cost commensurate with the benefit lo the users of the accounts and lo the parish. The Parish Centre is not separable as an individu818$set. As such it is déemed lo be a Heritage asset and no value is ascribed to il in the statement of assets and liabilities. The Rectory Is recognised at deemed ¢osL being the estimated fair valuation of the propety for rates purposes. No depreciation has been provided on the Rectory as the current estimated residual v41ue is not less than the carrying value and the remaining useful life currenlly exceeds 50 years. 11) Investments Fixed asset investments comprising investment properties. investments in gquilles (ordinary shares) an¢J investment in RCBICIT Unit Trusts are initially recorded at cost and are then subsequently stated al fair value at each year end date. Investments in unquoted investments are ￿cOrded at cost and are assess& annually for impairment. io St Catherlne's Parish Church, Killead Notes to the financial statements for the year ended 31 D￿mber 2025 (continued} 2. Reconciliation of Cash Funds Totsl Cash Funds at Beginning of the year Receipts foi the Year Payments for the Year 126,493.16 88,081.86 {44.839.841 Totsl Cash Funds at end of the year 169,735.18 3. Movement in Funds Incoming Resource Outgoing Resource At1Jan 2025 At 31 D8¢ 2025 Transfèrs Restricted funds Buildings Fund 61,794.14 61,794.14 45,118.50 45,118.50 5,345 87 5.345.87 68,168.41 68,168.41 Unrestricted funds General Fund 64.699.02 64,699.02 42,9￿.36 42.963_36 39,493.97 39.493.97 101.566.77 101,566.77 Total funds 126,493.16 88.081.86 44,839.84 169.735.18 Pu oses of Restricted Funds Building Fund= This is a fund lo asslst with the maintenance and repair of the church buildings. Transactions wlth the Trustees No Irustee recelved any remuneration or reSmbursemenl of expenses during the year. No twstee or a person related to a trustee h2d any personal interest in any contract or transaction entered into by the charity during the year. Govemance Costs Governance costs of £504.CK) were incurred during the year, all of which relates to fees pald to the indeFendent examiner.