Inch Parish Church
Trustees’ Annual report and Statements of Receipts and Payments and Assets and Liabilities
For the year ended 31 December 2025
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Charities Number: NIC 102540
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Inch Parish Church
Annual report and financial statements for the year ended 31 December 2025
Contents
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|---|---|---|---|---|
|Pages|
|References and|administrative|details|of the Charity|3|
|Trustees’|report|4-6|
|Independent|Examiners|Report to the Trustees|7|
|Receipts|and|payments account|8|
|Statement of assets|and|liabilities|9|
|Notes to the financial|statements|10-12|
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Inch Parish Church
References and administrative details
Charity Name:
Charity Registration Number: Contact Address:
Inch Parish Church NIC 102540 The Priest in Charge 22 Church Road, Crossgar, Downpatrick BT30 9HR
Trustees
Rev. Dr. Claire Aylward Mrs Kim Alexander Mrs Florence Armstrong Mr Edgar Bassett Mr William King Mr John Lennon Mrs Lorraine Lennon Mr Andrew Morrison Mr Jim Morrison Ms Moire Peters Mrs Marian Pentland Mr Matthew Pentland MrJulian Sandford Mr Tristain Stocking Mrs Rosemary Shannon Mrs Deborah White
Principal Office-bearers
Priest in Charge: Rev. Dr. Claire Aylward Church Secretary Julian Sandford Church Treasurer: Mr Norman Stewart Church Warden- Clergy: Mr Andrew Morrison Church Warden - People: Mrs Rosemary Shannon Glebe Warden — Clergy: Mr Matthew Pentland Glebe Warden — People: Mr John Lennon
independent Examiner
Ivan Shannon & Co. 39 Church St, Ballynahinch, County Down, BT24 8AF
Bankers Danske Bank 49/51 Market Street Downpatrick BT30 6LR
Page 3
Receipts and Payments Account for the year ended 31 December 2025
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|---|---|---|---|---|---|---|---|---|---|---|---|
|Notes|||Unrestricted|||Designated|Restricted|Total|2025|£|||Total|2024|
|£|£|£|£|
|Receipts|eG|
|||[Bequests|||||e50.00000)|—SSCT«~SCs«é80.00.D|——SCd|
||||Donations and|Plate Collections|£47,063.99| ss|||_~—s«€5,332.00|£52,395.99|| £41,460.13|
||||Receipts from General Trustees|£703.17|£13.12;|£716.29|||£681.29|
||||Appeals|||3|{||fT|£1,393.75|£1,393.75|£981.25|
||_||Proceeds from|Fundraising|Events|a|ee|ee|£4,935.79|£4,935.79|||£3,240.00|
|_iGrants|a|82,500.00|£2,500.00 ||
||||||Bank and|Deposit|Interest|5|£22408;|||£224.08||£49.66|
||||Rental of Premises|||ss£a7,614.00||——s—~—é~YSCtséiE|47,614.00|||£15,117.50|
|Total|Other Receipts|||6|||£909.68||——~—«||~—s«€3,710.00|£4,619.68|||£2,735.00|
|Income and Endowments||||£48,900.92|||£67,627.12]|£17,871.54|||£134,399.58|| £64,264.63|
|pPayments|
||||Administration|Costs|7|£1,172.30|£1,172.30|||£1,019.83|
||||Salaries|and Wages|8|£28,419.52|£28,419.52|||£9,639.94|
||||Diocesan Costs/Assessment|||9|||£423600;|||+'||~~|+£4,236.00||£4,380.00|
||||Church Running Costs|£7,429.65||—ss|Ssé£4,272.16|£11,701.81|||£8,846.34|
||||Parish|Hall costs|||||£6,635.04| si|£6,635.04|||£20,005.69|
||||||Rectory|Running Costs|£1,324.29||= ||—‘iY:SCitiéi328.29 ||1,590.05|
||||Graveyard|Costs||{||850.00|£1,850.00|||_£2,670.00|
||||Charitable Donations|||12|{||[|—s«Y|sSsséE2,|060.75|£2,060.75 ||£3,348.75|
||||Cottage Running Costs|£1,959.76||||||£1,959.76||£2,445.82|
|Total|Miscellaneous Costs|£43250;|||£905.06|£1,337.56 ||£2,973.45|
|ExcessBESSPaymentsof|i|£44,974.02|||—|£6,635.04|£9,087.97|£60,697.03 | £56,919.87|
|TransfersOP RECEDES OMAK|Saye RIOES|£3,926.90|||£60,992.08|£8,783.57 ||£73,702.55|||£7,344.96|
|Transfers|£10,993.52 ||(£10,992.08)|(£1.44)|£0.00|£0.00|
|E|f|Receipt|
|Transferseinen ST|RIGEM|peer We Fr|ayAIR MARIE|£14,920.42|||£50,000.00|£8,782.13|||£73,702.55|||£7,344.96|
|Balance Brought Forward|£23,569.88| si|£5,827.22|£29,397.10|| £22,052.14|
|Balance carried|Forward|£38,490.30|£50,000.00|£14,609.35|£103,099.65|| £29,397.10|
|On|Behaif|of the|Trustees|
|Priest in Charge|Rev. Dr. Claire Aylward|Ll|Afb|Bb.ol. 26|
|Honorary Treasurer|Mr Norman|Stewart|Dene,|Qlhe|ol|aL|
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Notes to the financial statements for the year ended 31 December 2025
- Accounting policies
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
- (a) 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.
(b) Statement of Assets and Liabilities
(i) Assets retained for the Parish’s own use
The assets of the Parish, retained for its own use comprise:-
- @ Church Building and Graveyard @ Parish Hall e Minor Hall e Fixtures and fittings The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS102) These Heritage 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 with the benefit to the users of the accounts and to the parish.
The Parish Hall ts recognised at cost of construction / acquisition. No depreciation has been provided on the parish hall building as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years.
The Sextons House which has been converted into a minor hall is recognised at the current valuation of the property by the Land and Property Services, Dept. of Finance NI. No depreciation has been provided on the Minor Hall as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years.
Fixtures and Fittings are recognised at cost and are depreciated on a straight-line basis over a period yet to be determined. A minimum threshold of cost of £2000 has been set for an item to be capitalised as a fixed asset.
ii) Bequests
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 Communities. Units are initially recorded at cost and are then subsequently stated at fair value at each year end date. The interest only is passed to the Church with Unit growth being reflected on the statement of Assets and Liabilities
Bequests comprise: - ]
-
(1) Donations and Bequests held by RCB which generate income for general or specific purposes for the Church
-
(2) Bequests held with the Charity Branch of the Department of Communities which generate income for general purposes of the church.
-
(3) Bequests held by the Church of treland Trustees which generate income for general or specific purposes for the Church.
The fair value of each holding as at 315* December 2025 was:RCB Investments £1,184.93 Department of Communities £3,201.51 Church of Ireland Trustees £9,867.26
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| Notes to the financial statements forthe yearended | Notes to the financial statements forthe yearended | Notes to the financial statements forthe yearended | Notes to the financial statements forthe yearended | ended 31 December 2025 (continued) | ended 31 December 2025 (continued) | ended 31 December 2025 (continued) | ||
|---|---|---|---|---|---|---|---|---|
| 2. Reconciliation ofCash Funds |
||||||||
| Total Cash Funds | at beginning ofYear | £29,397.10 | ||||||
| Receipts forthe Year | £134,399.58 | |||||||
| Payments forthe | the Year | (£60,397.03) | ||||||
| Total Cash Funds | at end ofYear | £103,099.65 | ||||||
| 3. Movement in Funds |
||||||||
| At 1%Jan | Incoming | Outgoing | Transfers | At31°Dec | ||||
| 2025 | Resources | Resources | 2025 | |||||
| £ | £ | £ | £ | £ | ||||
| Endowment Funds | ||||||||
| Unrestricted Funds | ||||||||
| General Fund | £23,569.88 | — | £48,900.92 | —£44,974.02 | ___ | £10,993.52 | £38,490.30 _ | |
| £23,569.88 | £48,900.92 | £44,974.02 | £10,993.52 | £38,490.30 | ||||
| Designated Funds | ||||||||
| Hall Walter Love Bequest Stipend |
£0.00 £0.00 £0.00, |
£17,614.00 £50,000.00 £13.12_ |
£6,635.04 a |
(£10,978.96) (£13.12) |
£0.00 £50,000.00 £0.00 |
|||
| £0.00 | £67,627.12 | £6,635.04 | (£10,992.08) | £50,000.00 | ||||
| Restricted Funds | ||||||||
| Building Fund | £0.00 | £2,826.79 | £2,826.79 | |||||
| Church Pews | £0.00 | £4,260.00 | £4,258.56 | (£1.44) | £0.00 | |||
| Defibrillator | £134.70 | £134.70 | ||||||
| Graveyard Fund | £5,692.52 | £3,710.00 | £1,850.00 | £7,552.52 | ||||
| Hall Repair | £0.00 | £2,259.00 | £2,259.00 | |||||
| Special Collections | £0.00 | £2,060.75 | £2,060.75 | £0.00 | ||||
| Rejuvenation Fund | £0.00 _£5,827.22. |
© | £2,755.00 -£17,871.54 |
£918.66 ———£9,087.97 |
(£1.44) | £1,836.34 ———-£14,609.35 |
||
| TOTAL | £29,397.10 | £134,399.58 | £60,397.03 | £0.00 | £103,099.65 |
-
Purposes of Designated Funds — Hall Fund: Funds collected and disbursed for the maintenance and running of the parish hall. Any deficit/surplus in the year is transferred to the General Fund.
-
— Walter Love Bequest - A bequest received by the Church from the estate of the late Walter Love to be used for the benefit of the Parish.
-
— Stipend Fund: For collection of specific endowments. Any deficit/surplus in the year is transferred to the General Fund
-
Purposes of Restricted Funds — Building Fund — A fund established to assist with the ongoing commitment to carry out work to the main fabric of the Church.
-
— Church Pews — A Parishioner made a donation to the Church for the replacement of cushions on the Church pews.
-
Defibrillator Fund: Funds set aside for the purchase and maintenance of a defibrillator to be located in the church. Graveyard Fund: Funds set aside for the maintenance and running of the graveyard
-
Graveyard Fund: Funds set aside for the maintenance and running of the graveyard
-
— Hall Repair —A fund established to provide matching funding for an application to the Communities Fund for work to the Parish Community Hall.
-
ARejuvenation Grant was awarded by the Diocese of Down and Dromore to assist the Parish which was experiencing a challenging time.
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Notes to the financial statements for the year ended 31 December 2025 (continued)
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Special Collections - All collections for special purposes such as Poppy appeal, bishops appeal etc. are collated into this fund prior to disbursement
-
Transactions with the Trustees
The Priest in Charge, who is a trustee, is paid directly by the Parish as previously detailed.
In addition, the Parish paid expenses of £1,324.29 relating to the running costs of the Rectory which is occupied by the Priest in Charge. These costs include Rates and Insurance.
The following Trustees received reimbursement for goods or material purchases for the Parish: - Mr. Andrew Morrison £35.00 Mr. Matthew Pendland £89.74
In all cases, the nature of the payments has been documented and approved by either the Select Vestry or by two unconnected trustees in accordance with Inch Parish Church financial procedures.
6. Governance Costs
No governance costs were incurred during the year. The trustees greatly appreciate the services provided free of charge by the independent examiner.
ee
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