(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 De￿rnber 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 2￿8. 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