HOLY TRINITY CHURCH CONTENTS Page Trustees, Report Statement of Trustees, Responsibilities Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements F4LÉONER S-. EIXARI HOLY TRINITY CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Charity Name Holy Trinitylconnorlchurch of Ireland Charity Number NIC102642 Contact Mr Drew Buchanan MBE 11 Glenburn Manor Carrickfergus BT38 7TX Meetings Attendan Trustees Mr Drew Buchanan MBE Mrs Karen Buchanan Mrs Joan Cummings Mrs Mariory Edgar MSC, BSC (resigned March 2024 Mrs Karen Hambleton Mr Richard Hambleton Mrs Louise Hanley Mrs Donna Harrison Ms Hannah Hulme Rev Alan Mc Cann Mr Kel Mc Dermott Mrs Sharon Mc Neill Mrs Alison Moffett Mrs Fiona Shasko Mr Fred Shasko Mr Terry Shimmon (appointed March 2024) Mr Victor Wootton Mrs Elaine Wright Office Bearers Clergy Church Secretary Church Treasurer Church Warden - Clergy Church Warden - People Rev. Dr. T.A.G Mccann Mrs Elaine Wright Mr Drew Buchanan MBE Mr Richard Hambleton Mrs Karen Hambleton Independent Examiner This report has been subject to independednt examination by: Michael Jonathan Crooks FCA Falconer Stewart 248 - 266 Upper Newtownards Road Belfast BT4 3EU Bankers Danske Bank 18 Ballymoney Road Ballymena BT43 5BY I tR ITEk%ART HOLY TRINITY CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report and the independently examined financial statements for Holy Trinity Church Woodbum for the year ended 31st December 2024. Charitable Objectives and Public Benefit Statement The primary objective of Holy Trinity Church Woodbum is to advance the Christian faith through worship, education, pastoral care, and community outreach. The church serves its congregation and the wider community by providing spiritual support, Christian learning opportunities, and avenues for charitable giving. These act'vities are conducted for the public benefit and align with the charitable purposes set out in the church's constitution. All activities are inclusive and aim to support individuals and families. regardless of their background. Safeguarding Policy Holy Trinity Church Woodbum is committed to safeguarding the welfare of children and vulnerable adults. The church follows the Church of Ireland Safeguarding Trust guidelines, ensui that all volunteers and stsff working with vulnerable individuals undergo appropriate checks and training. Governance and Management Holy Trinity Church Woodbum is govemed by a board of trustees responsible for strategic direction and oversight. Trustees are appointed per the Constitution of the Church of Ireland. The church operates subcommittees, such as the fundraising committee, to support specific operational aspects. Trustees meet monthly to review the church's perfo￿nan￿, finances, and ri Achievements and Perfomiance in 2024 Worship and Ministy: Weekly services and special events, including the Harvest Appeal. raising £4,500 for church refurbishment. Community Engagement.. Active participation in Operation Shoebox (50 shoeboxes donated), monthly contributions to food and baby banks. Mission Support: Sponsoring 15 children at Abura Primary School, Uganda, through Fields of Life and donating £15,000 to missions. Financial Milestone.. Final loan for the Building Fund fully paid off on 9th De￿mber 2024. • Volunteer Contributions.. Volunteers played a crucial role in youth and adult organisations. outreach programs, and maintaining church operations. Financial Review for 2024 General Account Freewill Offerings (FWO) increased by £8,000 (+11 Qk). Plate collections nearly doubled from £1,091 (2023) to £2,200 (2024) Gift Aid contributions.. £16,328.16 to General Account, £5,040.25 to Building Fund, £4,115 to No. 2 Account. HOLY TRINITY CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) Building Fund Debt-free milestone: Final loan payment completed in De￿rnber. Renaming: Now called "Building (the Kingdom) Fund" to support Maintenan￿ and missions. Restricted Funds Supported 15 children in Uganda through Fields of Life. Donated £15,000 to mission organisations. Contributed 50 shoeboxes to Operats'on Shoebox Appeal. Reserves Policy The church maintsins reserves equivalent to three months, wages for staff. This is reviewed regularly to cover unexpected financial challenges. Trustee Payments and Benefits No payments are made to trustees except pre-approved expense reimbursements. Mr. Drew Buchanan MBE is self*mployed as the Church Administrator. Mrs. Louise Hanley is employed as the Musical Director. Both roles are separate from trustee responsibilities and comply with employment regulations. Risk Management Key risks: Financial challenges & rising costs: Mitigated through stewardship education and energy-saving measures. Declining contributions: Addressed by promoting standing orders and financial transparency. Ethical Fundrasing and Donor Engagement The church follows ethical fundraising praCti￿S, ensuring transparency and accountability in financial matters. A campaign is underway to increase standing order participation, ensuring sustainable giving. Challenges for 2025 Rising operational costs: Oil, electricity, wages, and expenses are expected to increase. Encouraging financial participab'on: A drive will focus on transitioning members to direct bank donations -4LiONER )-, E￿A.￿T HOLYTRINITY CHURCH TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) Future Plans Expand the Building (the Kingdom) Fund. Strengthen 6up and uniform organisations to increase youth engagement. Enhance mission outreach and community support inits'atives. Compliance Statement The trustees confirm compliance with charity law and CCNI guidance on public benefit. This report accurately represents Holy Trinity Church Woodbum's activities and financial standini Dr T.A.G Mccann Trustee Dated.. 6th February 2025 F4LCCNtR KTkk%4RT HOLY TRINITY CHURCH STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees are responsible for preparing the Trustees, Report and the financial statements in accordan￿ with applicable law and regulats'ons. Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial ststements in accordance with United Kingdom Generally AC￿pted Accounts'ng Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs and of the surplus or deficit of the charitable organisation for that year. In preparing those financial ststements, the trustees are required to: select suitable accounting policies and then apply them consistently. make judgements and estimates that are reasonable and prudent" state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial ststements,. prepare the financial statements on the going concem basis, unless it is presume that the organisation will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the organisation's transactions and disclose with reasonable accuracy at any time the financial position of the organisation and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. F￿Lio￿4ER S-&IN441 HOLY TRINITY CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLY TRINITY CHURCH I report on the accounts of the charity for the year ended 31 De￿rnber 2024, which are set out on pages 7 to 9. Respective responsibilities of Trustees and Examiner The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under 65{9)(b) of the Charities Act (Northern Ireland) 2008 and that an independent examination is needed. The charitys gross income did not exceed £250,000 and l am qualified to undertake the examination being a qualified Chartered Accountant. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to.. (i) examine the accounts under section 65 of the Charits'es Act. {ii) to follow the procedures laid down in the general Directions given by the Charities Commission under section '65(9)(b) of the Charities Act; and (iii) to state whether particular matters have come to my attents'on. Basis of independent examinerfs report My examination was carried out in accordance with the general Directions given by the Charities Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view and the report is limited to those matters set out in the next statement. Independent examinerfs ststement In connection with my examination, no other matter ex￿pt that referred to in the previous paragraph has come to my attention: (a) which gives me reasonable cause to believe that in any material respect the requirements: (i) to keep accounting records in accordance with section 63 of the Charities Act. and (li) to prepare accounts which accord with the accounting records, comply with the accounts'ng requirements of the Charities Act and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities. have not been met or F&cLIXER sf&iiART HOLY TRINITY CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLY TRINITY CHURCH (CONTINUED) (b) to which in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached. Michael J Crooks Chartered Accountant Falconer Stewart 248-266 Upper Newtownards Road Belfast BT4 3EU Dated: 6th February 2025 -4Llo￿-.K xd8 with the wuiffjments of $￿t￿S 394 orKI 395 and othewse comply requirwrvts of tt Cornpanies Act 20C6 rdats.ng tg ao)7Jnts. so far as aprIKa￿e to the 1Jg#nisats￿. These aC￿ntS hava te8n wep8rgJ in 8c£¥ydarte tMth the SK￿al syovtsws relatiTrJ to Thll C{mn￿n￿S wrthin Part 15 of the Compan￿$ Act 2fKK8 Th• ffin8nrial ststerrents ¥￿e apwove41 by I￿ In￿1￿&S on 6th FO￿ 2025. Dr T.A.G kkcann Trust8 D8t•d.. 6th Fgbruary 2￿45 HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. Accountlng policies 1.1 Basis of Preparation The financial statements are prepared under the historical cost convention. 1.2 Incoming Resources The finanaal statements are prepared in accordan￿ with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practsce), which have been applied consistently (except as otherwise stated). Income represents donations received which are brought into the accounts on a cash basis. 1.3 Accumulated Funds The accounts have been prepared in accordance with the accounting poliaes set out in note 1 to the accounts and comply with the Charities Act 2011, the Companies Act 2006 and the Statement of Recommended Accounting Pra(*'ce. "Accounting and Reporting by Charities", issued in March 2005. 2. Taxation No provision has been made for corporation tsx as the organisalion is a registered charity. 3. Analysis of Movement of Funds Net Incomlngloutgoing Resources Balance 0110112024 Balance 3111212024 Unrestricted Funds Restricted Building Fund Restricted General Fund 1.019,074 223.393 59,354 6.351 3.165 714 1.025,425 226,558 60,068 Accumulated Funds 1.301.821 10.230 1,312,051 F4LCCNER 51 Ek%'ART HOLY TRINITY CHURCH 10. MANAGEMENT INFORMATION YEAR ENDED 31ST DECEMBER 2024 Analysis of Incomo Unrestricted General Fund 2024 2023 Freewill Offering & Standing Orders Gift Aid Plate Collection Donations (Note 2) Bank Interest Uplift FelI0v￿hIp Café 85.319 16.328 2.338 1,299 310 5.350 76,611 17,816 1,091 656 314 4,760 450 E li Young at Heart 8th Carrickfergus Boys, Brigade Indoor Bowls Gids Brigade Fundraising Photocopying Diocese of Connor Tots Mid & East Antrim Counal Transfer from No 2 Account 100 100 500 450 450 4.293 105 100 25 171 3,6Crf) 117.792 1¢X,644 Restricted Building Fund 2024 2023 Freewll Offering & Stsnding Orders Gift Aid Donations Transfer bets¥een accounts 23.387 23,526 5.147 556 7.727 .710 28,673 Restricted Generdl Fund 2024 2023 Buchanan Trust Mission Home & Overseas Gift Aid Harrfest Tots Transfer between accounts 336 16.194 4.115 4,524 25 16,767 3,252 3,203 25.229 23,247 FALLONEQ STEIIAR,, HOLY TRINITY CHURCH 11. MANAGEMENT INFORMATION YEAR ENDED 31ST DECEMBER 2024 Analysis of Expenditure Unrestricted General Fund 2024 2023 StipendlLocomotorylPensions Wages Musical Director & Cleaner National Insurance and Tax Heat & Light Church Expenses Rectory Expenses 51,209 21,638 4.152 5.365 3.682 1.487 49.075 20,110 4,279 8,265 4,489 1,971 Eli Missions & Charities GF Diocese of Connor Miscellaneous Website Bank Charges Accountancy Light Transfer to Restricted General Fund 7.700 3,0(JJ 9,321 2,028 432 280 600 133 1.579 295 600 122 111,441 103.983 Restricted Bulldlng Fund 2024 2023 Church Expenses Loan Inleresl New Toilets 8.545 6,493 1,398 25,000 33,545 7.891 Restrlcted Gonoral Fund 2024 2023 Outreach Reclory Expenses Mission and Charilies Holiday Bible Club Summer & October Bowls Christmas Miscellaneous Repairs Harvest Transfer to General accvunt 14,320 8.553 10.750 355 7,3(J) 650 111 414 311 122 16,860 24,515 39.674 F￿L￿c￿- CTELIART HOLY TRINITY CHURCH 12. MANAGEMENT INFORMATION YEAR ENDED 31ST DECEMBER 2024 SUMMARY OF ORGANISATION ACCOUNTS Opening Balance 11112024 Closing Expenditure Balance 3111212024 Income Boys. Brigade Boys, Brigade Charity Fellowship Cafe Flower Arranging Gids, Brigade Praise Band Sunday Teas Trinity Tots Young at Heart 992 465 97 217 2.675 3.486 360 4,260 862 5,214 3,683 633 4.282 751 4.397 27 655 339 279 795 192 75 328 3,492 641 303 78 108 178 780 379 41 5.371 15.687 15,046 6.012 FALCONE4 STEblAq-,