(Xkn Trustees. Annual report and Statement of Receipts and Payments and Assets and Liabilities For the year ended 31st December 2024 Charities Number: NIC 102534
Parish of Christ Church Ifilmore Annual report and flnandal statements for the year ended 31st Dernber 2024 Contents Pages References and administrative details of the Church Trustee5' report Independent Examiners Report to the Trustees Receipts and payments account Statement of assets and liabilities Notes to the financial statements 9-11
Parish of Christ Church Kilmore References and admlnlstrative deta115 Charity Name: Parlsh of Chrlst Church Kllmore Charity Registration Number: NIC 102534 Contart Address: Revd. Dr. Claire Aylward 22 Church Road Downpatrick BT30 9HR Trustees Revd. Dr. Claire Aylward Mrs Margaret Whyte Mr Davld Mollan Mr Norman Stewart Mr Norman Gibson Mr Jim Burell Mrs Mar8aret Savage Mr Reginald Nesbltt Mr Merryn Boyd Mr Geoffrey Norri5 Mr Dermot Nesbitt Priest in Charge Church Warden Rertor Church Warden- People Church Treasurer Glebe Warden-clergy Glebe Warden-People Church Secretary Prlnclpal Offlce-bearers Clergy: Church Secretary Church Treasurer". Church Warden- Clergy: Church Warden - People: Revd. Dr. Claire Aylward Mrs Margaret Savage Mr Nomian Stewart Mrs Margaret Whyte Mr David Mollan Independent Examlner Ivan Shannon & Co 39 Church Street Ballynahinch BT24 8AF Bankers Danske Bank 49-51 Market Street Downpatrick BT30 6LR
Kilmore Parish Church Income and Expenditure Account 2024 Notes Unrestritted Designated Restritted Total 2024 Total 2023 Receipts Le acies Donations and Plate Collertions Receipts from General Trustees Appeals Grants Bank and Deposit Interest Dividends Received Rental of Premises and Land Other Receipts Totsl Income and Endowments £112.20 £34,178.99 £1,714.34 £2,967.50 £1.126.86 £1.320.71 £1,239.06 £35,499.70 £1,763.03 £2,967.50 4.300.00 £159.69 £4,293.52 £4.487.00 £16.262.25 £70,971.75 £112.20 £39.072.47 £1.824.62 £1,050.00 £48.69 4.300.00 £159.69 £887.54 £1,692.00 £342.00 £80.82 £5.109.31 £7.901.37 £27,970.94 £83,363.44 £3,405.98 £2,795.00 £14,225.25 £27,173.80 £1.695.00 El,743.69 £42,054.26 Payments Administration Salaries and Wages Diocesan C05ts/Assessment Church Running Costs Glebe Land Costs Rectory Running Costs Charitable Donations Graveyard Costs Other Ex enditure Total Payments Excess of Recelpts over Payments before Transfers Transfers Excess of Receipts over Pawnents after Transfers EI,302.67 £11,190.56 £4,236.00 £6,390.26 £2.079.65 £1,590.11 £3,192.50 £40.00 £1,342.67 £11,190.56 £4,236.00 £12.361.20 £2,079.65 £17,544.23 £31.872.50 £1,920.00 £15,297.05 £97,844.86 £2,199.07 £20,523.23 £4,212.00 £6,910.98 £1,159.18 £3,851.70 £9,093.50 £2,985.00 £6,668.45 £59.988.09 io li 12 13 14 15 £5.970.94 £15.954.12 £28,680.00 £1,920.00 16 £2,792.70 E32,775.45 £12,504.35 £63.149.41 £1,920.00 £9,278.81 1£176.311 (£35,975.61 {£26,873.11) £23,375.35 (£176.31) £1,924.92 1£1,748.611 £0.00 £0.00 £9,102.50 £1,746.61 1£37,491.181 1£26073.11} £23,375.35 Balance Brou8ht Forward Balance carrled Forward £31,985.53 £41,088.03 1£4,466.591 1£2.717.981 £96,850.76 £59,126.54 £124,369.70 £97,496.59 £100.994.35 £124,369.70 On Behalf of the TNstees Prlest in Char8e Revd. Dr. Claire Aylward Honorary Treasurer Mr. Norman Stewart
Statement of Assets and Liabllltles as at 31" December 2024 Unrestricted Funds 2024 Designated Funds 2024 Restrirted Funds 2024 Endowment Funds 2024 Total Funds 2024 Total Funds 2023 Cash Funds Current Accounts Total Cash Funds £41.088.03 £41.088.03 1£2,717.98} (£2.717.98) £59,126.54 £59,126.54 £97,496.59 £97.496.59 £124.369.70 £124.369.70 Investment Assets Funds held on Deposit by RCB Endowment Investments Total Investment Assets £41,934.72 £41.934.72 £9,268.30 £51203.02 £40,715.65 £8,910.49 £51203.02 £9.268.30 £9.268.30 £41,934.71 Assets retslned for the Parfsws Own use Rectory Glebe Land Fixtures and Fittings Total Assets Retalned £300.00.00 £ioo,00.00 £27,009.02 £427,009.02 £300,00.00 £ioo,000.00 £27,009.02 £427,009.02 £300,00.00 £iIKJ.000.00 £27,009,02 £427.009.02 TOTAL £41,088.03 (£2,717.98) £565.794.48 £9,268.30 £602.581.74 £602,581.74 On Behalf of the TNstees Prlest In Charge Revd. Dr. Clalre Aylward Honorary Treasurer Mr. Norman Stewart 24•t26 Note: Danske Bank Department of Communltles Nl Central Investment Fund for Charltles £33,496.59 £64 000.00 £97,496.59
Notes to the financial statements for the year ended 31 December 2024 Accounting pollcies Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities l) Receipts and Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. 2) Statement of A55ets and Llabilities al Investments and Bequests il Proceeds of sale (11 The proceeds of sale of various church assets are held on deposlt by the Representative Church Body or Invested in RCB unit Trust which generate income for the Church. The monies held may be released to the church for specific capital purposes with the approval of the Diocese and the RCB. Some of this income has already been drawn down for Church and Graveyard projects. Sale of Glebe Cottage £23.802.131RCB Unit Trusts) Sale of Si8htline5 at Glebe Cottage £5.085.19 {RCB Unit Trusts) Residue of Sale of Old Rertory £13,047.10 IRCB Unit Trusts) ill Bequests {11 Bequests made to the church are held as units invested with either the Representative Body General Unit Trust, the Church of Ireland Trustees or the Northern Ireland Central Investment Fund for Charities administered by the Department of Communitles. Units are initially recorded at C05t and are then subsequently stated at fair value at each year end date. The interest only is passed to the Church with Un¢t growth being refletted on the statement of Assets and Liabilities Bequests comprise:. lal Donations and Bequests held by RCB which generate income for general or specific purposes for the Church (bl Bequests held with the Charity Branch of the Department of Communities which generate income for general purposes of the church. Icl Bequests held by the Church of Ireland Trustees which generate Income forgeneral or speclfic purpose5 for the Church. The fair value of each holdin8 as at 311¢ December 2024 was:. RCB Investments £4,562.22 Department of Communities £1,566.22 Church of Ireland Trustees £3,139.46 bl Assets retalnedfvr the Parlsh s own use The assets of the Parish, retained for its own use comprise'.- (11 Church Building and Graveyard 121 Parish Hall {31 Glebe House {Rectoryl {41 Glebe Land 15) Fixtures and fittings la) The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP IFRS1021.These Herita8e assets are not included in the statement of assets and liabilities as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate wtth the benefit to the users of the accounts and to the parish. (bl The Parish Hall was built in 28. The are no reliable records of the cost of this construttionl acquisition and valuation approach for such a building lacks sufficient reliability. As a result this building is not recognised in the parish statement of assets and liabilities.
Notes to the financial statements for the year ended 31 December 2024 {continued) Icl The Glebe House (Rectory) was built in 2002 and has been valued by an Independent expert as at 31" December 2016. It is not intended to depreciate this asset. The Building was eretted and is maintained jointly with Inch Parish Church but the full value is carried in the accounts of Christ Church Kilmore and no value is recorded in the Accounts of Inch Parish Church. Idl The Glebe Land comprise5 22.6 acres and 15 let out to conacre and was valued by an independent expert as at 31st December 2016, lel There were no records available to value Fixture5 and Fittings and as their value was negligible the accounts have begun to recognise new fixtures and fittings with a value in excess of £2.000. As such the Church Organ which has been installed is valued at cost of construttion of £27,009.02. Reconciliation of Cash Funds Total Cash Funds at Beginnin8 of the Year Receipts for the Year Payments forthe Year Total Cash Funds at end of Year £124.369.70 £70,971.75 E97,844.86 £97,496.59 Represented Bv Cash at Bank Deposlted with Central Investment Fursd for Charities £33,496.59 £64,000.00 Movement In Funds At I"Jan 2024 Incomln8 Resources Outgoing Resources Transfers At 31"Dec 2024 Endowment Funds Endowment Funds Unrestrlrted Funds General Fund £31,985.53 £31,985.53 £42,054.26 £42,054.26 £32,775.45 £32, 775.4 (£176.31) (£176.31) £41,088.03 £41,088.03 Des*nated Funds Graveyard Fund Sound System £1, 743.69 £1,920.1 £176.31 £1, 748.61 £1.924.92 {£4,466.59J (£4,466.59) (£2, 717.98J (£2,717.98 £1, 743.69 £1,920.00 Restrlrted Funds Renewal & Repair Fund Rectory Fund CAP Eliza Robinson Charity Eliza Robinson Endowment Earl Haig Fund Flood Fund Foodbank Youth Fellowship £16,702.91 £1837.66 £921.37 £2, 795.00 £500.00 £2,947.30 £877.64 £180.00 £4.300.00 £14,652.49 £5,970.94 £15,954.12 £500.00 £3,000.00 £11,653.34 {£11321.46} £9,759.37 £870.97 £9.706.67 (£1, 748.61) £180.00 £4.300.00 £33.24435 £67,505. 71 £174.14 £98.850.76 £48.913.45 £174.14 £59,126.54 £28 873.80 £64.849.41 f£l.748.61J Total Funds £124,369.70 £70,971.75 £97,844.86 £97,496.59 10
Notes to the financial statements for the year ended 31# March 2024 (continued} Pur ose5 of Endowment Funds None held by the Church, all by independent bodies Pur oses of De51 nated Funds Graveyard Fund This is a fund to assist with the cost of maintaining the Graveyard and those with allocated graves make a contribution to the upkeep of the graveyard Sound System The Sound system was upgraded some years ago and the cost is belng meet over a number of years by the Eliza Robinson Charity Fund oses of Restrlrted Funds Renewal and Repair Fund The Trustees have set aside funds forthe maintenance of Church Property and parishioners make specific contributions to the fund Rertory Fund The Rectory was rented out on a short-term lease during the interregnum and the income is being used to meet some of the work identified by the diocesan surveyor. Work is now almost complete, and permission has been given by the RCB to draw down from investments to fund the work. CAP {Christians against Povertyl Kilmore Parish Church is a sponsor of the Mid Antrlm CAP groupi and donations are received to be forwarded specifically to this group. Eliza Robinson Charity Thi5 is an independent charity established by order of court for the benefit of the Parish of Kilmore. The Rertor is named as Honorary Chair, Eliza Robinson Endowment This is an independent charity established by order of court for the benefit of the Church of Ireland Parish of Kllmore. The Rector is named as Honorary Chalr. Earl Haig Fund Collections on Remembrance Sunday are passed direttly to the Earl Hai8 Fund Flood Fund The Church enabled a parishioner, who had suffered severe flood damageto draw down from a Diocesan fund. Kilmore and Inch Foodbank Afoodbank operates from Kilmore Church Hall and donations and goods are received from across the area and food is distributed by volunteers. The Foodbank has its own independent commtttee. Youth Fellowship A grant was received from the Diocese to assist in development of youth within the Church. 4. Transactlons wlth the Trustees Mr Norman Gibson received reimbursement of £214.80 for items purchased for the maintenance of the church. Mr Jim Burrell received £118.30 for light bulb, paint etc. Mr Norman Stewart received £70 as reimbursement for goods obtained for the church. The Rector, Rev. Stephen Smyth received £27.51 in respect of items purchased for the Church. The Parish is responsible for payment of 50% of the Rectors Stipend, administration and Locomotory expenses. The Parish opted to pay 50% of the Rettors Pension Contributions.
Notes to the financlal sL*ements for the year ended 3151 March 2024 (contlnued) No trustee or a person related to a trustee had any personal interest In any contrart or transattion entered into by the charity during the year. 5. Governance Costs No Governance costs were incurred during the year a5 the independent examiner provided services free. 12