Church of Ireland Orphans and Childrens Society for the Counties of Antrim and Down (4 company limited by guarantee, not having a share capital} STATEMENT OF FINANCIAL ACTIVITIES {lncerporating an Income and Expendliure Account} for the financlal year ended 30 June 2025
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted|Tota!|Unrestricted|Total|
|Funds|Funds|Funds|Funds|
|Notes|2025E£|2025£|2024£|2024£|
|Income|
|Donations and|legacies|at|3,95%|3,991|29,115|26,116|
|Investments|42|214,475|241,179|215,247|215,247|
|Other income|4,3|-|:|237|237|
|Total incama|215,170|215,170|241,660|241,600|
|Expenditure|
|Charitable|adtivities|5.4|254,099|264,069|282,835|262,335|
|Net gains/(losses)|on|investments|(113,255)|(113,259)|289,149|288,149|
|Nat income/axpenditura}|{152,188}|(152,188)|267.914|267,914|
|Transfers|betyeen funds|-|+|:|Sa|
|Net movement|In funds for the finansial|year|(152,188)|(162,188)|257,914|267,914|
|Recontiliation|of funds:|
|Tolal|funds|beginsing|of the year|413°|7,288,395|7,289,395|§7,021,48%|97,021,481|
|Total funds|at the end of the year|7,437,207|7,437,207|7,289,495|7,289,395|
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The Stalemant of Financial Activities includes ai gains and fesses recognised in the financial year. All income and expenditure relate to continuing activities.
, The nales on pages 14 to 19 form pari ofthe fnancial statements
2
\
Church of freland Orphans and Childrens Society for the Counties of Antrim and Down
(A company limited by guarantee, not having a share capital} Company Numbar: NI046248 BALANCE SHEET as at 30 June 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Notes | € | £ | |
| Fixed Assets | |||
| Investments | 3 | 6,519,202 | 6,673,370 |
| CurrentAssets | |||
| Dehtors Cash atbank and in hand |
10 | 12,046 827,276 |
10,358 623,922 |
| 635,322 | 634,280 | ||
| Creditors:Amountsfallingduewithin onsyear | 14 | {12,317} | (18,255) |
| NatCurrentAssets | 627,005 | 615.025 | |
| Total Assets loss Current Liabilities | 7,137,207 | 7,289,395 | |
| ) | |||
| Funds | |||
| Generalfund (unrestricted) | 7,137,207 | 7289,595 | |
| Totalfunds | 12 | 7,137,207 | 7,289,385 |
| ener | a. |
These financial statements have been prepared In accordance with the special provisions relating fo smaii companies ‘within Part 15 of the Companies Act 2006.
The financlat statements have bean prepared in accordance with the provisions applicable te companies subjact to the small companies’ regime and in accordance with FRS 102 "The Financial Reporting Standard applicatis in the UK and Republic of freland", apslying Section 1A of that Standara, Approved by the Board of Trustees and authorised for issue on 13 March 2026 and signed on its behalf by
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% as
The Venerable T R West Mr RS Lawther
Trustee Trustea
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i
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The mofes on pages 14 te 19 form part ofthe financial statements
43
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Church of Ireland Orphans and Childrens Society for the Counties of Antrim and
Down
(A company limited by guarantaa, not having 3 share capital)
NOTES TO THE FINANCIAL STATEMENTS
{or the financial year ended 30 June 2025
1. GENERAL INFORMATION
Church of traland Orphans and Childrens Society for the Counties of Antrim and Down is a company limited
by guarantee incorporated in Northern Ireland. The registered office of the charity is Unit 1, 27 Old Channel
Road, Belfast. Antrim, BT3 SDE, Northarn Iretand which Is alse the principal place of business of the charily.
The financial statements have bean prasented in Pound (£} which Is also the functional currency of the
chanity.
a SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applled consistently in dealing with items which ere consicered
material in relatlor to the charity's nancial statéernents.
Basis of preparation
Tha financial statements have besn prepared under the historical cost convention, modified to include
certain items at fair value. The financial statements have been prepated in accordance with the Statement of
Recommended Practice (SORP) "Accounting and Reporting by Chatitles preparing their accounts in
accordance with tha Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102",
applying Section 14 of that Standard.
As permitted by the Companies Act 2006, the charity has varied the standard formats In that act for the
Statement of Financial Activities and the Balance Sheet. Departures fram the standard forrnats are to comply
with the requirements of the Charities SORP and are In compliance with section 4.7, 10.6 ard 15.2 of that
SORP.
Statement of compliance
The financial statements of the charity for the financial year ended 30 June 2025 have been prepared on the
going concern basis and in accordance with the Statement of Recommended Prastics (SORP} “Accounting
and Reporting by Charities preparing thelr accounts in accordance with the Financial Reporting Standard
appileabla in the UK and Republic of reland FRS 102”, applying Section 1A ofthat Standard.
Fund accounting
The following are the categories of funds maintained;
Restricted funds
Restricted funds are subjected to rastrictions on their expenditure declared by the doner or through the terms
of an appeal, and fall into one of two sub-classas: restricted income funds or endowment funcs.
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Unrestricted funds
Unrestricted funds consist of General and Designated funds.
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* General funds represent amounts which are expendable at tha discretion of the board, jn furtherance of the
objectives of the charity.
« Designated funds comprise unrestricted funds that the board has, at ils discretion, Set aside for particular
purposes, These designations have ani administrative purpose only, and do not legally restrict the board's
discretion to apply the fund.
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tacome
Incama is recognised by inclusion in the Statement ¢f Financial Activites only when the charily is lagalty
antitted fo the income, performance conditions attached to the ilam(s) of income have been met, the amounts
involved can be measured wilh sufficient reliability and It is probable that thé income will be received by the
charlty.
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fncome from charitable activities
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Income fram chartable aclivities include incame éumed from the supply of services under contractual
arrangements and from performance related grants which have conditions that specify the provision of
paricular services to be provided by the charity. Income trom goverment and other co-funders is recognised
whan the charity is legally entited to the income because il is fulfilling the conditions contained in the related
funding agreements. Where = grant is recsived in advance, its recognition Is deferred and included m
craditors, Whare entitment cccuts before income [s received, itis accrued in debtors.
Grants from governments and ather co-funders typleally include one of the fallowing types of conditions:
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«|
continued
Church of Ireland Orphans and Childrens Society for the Counties of Antrim and Down (4 company limited by guarantee, not having a share caplta)} NOTES TO THE FINANCIAL STATEMENTS for the financlal year ended 30 June 2025 « Performance based conditions: whereby the charity is contractually entitled to hinding only ta the extent that the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of 2 grant agreement, it recognises the related expenditure, fo the extent that it ts relmbursable by the donor, as ‘Tims based conditions: whereby the charity is contractually enlitled to funding on the condition that It ts uillisé¢ in a particular period, In these cases the charity recognises the income fo the extent itis utllised within the period specifled in the agreement.
In the absence of such conditions, assuming that raceipt is probable snd thé amount can be reliably measurad, grant income Is reeagnised once the charity is notified cf antitlement.
Grants recsived towards capital expenditure are credited to the Statement of Financial Activities when recelved or receivable, whichaver is earlier.
Expenditure Expenditure is analysed between costs of charitable activities and raising funds. The costs of each aclWity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recegnised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits Is required in settlament and the amount of the obligation ean be rellably measured. Support costs are those functions that assist the work of the chazity but cannot be atylbuted to one activity, Such costs are allocated to actlvitles in proportion to staff time spent or other suitable measure for each activity.
lnvestinents
Investments held as fixad assets are stated at cost less provision for any oemmanant diminution in value, Income frort otter financial fixed asset investments together with any related tax credit is recognised in the incame and expenditure account in the financial year in which itis recenvabie.
Debtors Debtors are recognised al ihe settlament amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the charily from governinent agencies and other co-funders, but not yet received at financial year end, is laciuded in debiors. Cash at bank and in hand
Cash at bank and in hand cormprises cash on daposié ai banks requiring less than three months nofice of withdrawal.
Tsxation and deferred taxation
No cutrent or deferred taxation arises as the charity has been granled charitable exemption. Imecoverabie valued added tax is expensed as Incurred,
Dafared tax is recognised in respect of all timing diffsrances that have orlginated but not reversed at the balance sheat date where transactions or events have occurred at that date that will result in an obligation to paybetweenmorethefaxcharity'sin the future,taxableoF income anda right to payits less results tax Inas thestated fulure.in the Timing financial differences statements.are leriporaty differences Deferred tax ig measured on an undiscounted basia at the tax rates that are anticipated to apply in the perlods In which the ming differences are expected to reverse, based on tax rales and laws that have been enacted or substantively enaoted by the balance shee! date.
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3. PROVISIONS AVAILABLE FOR AUDITS OF SMALL ENTITIES
In common with many other charity of our size and nature, we use our auditors to assist wilh the preparation
: of the financial statemants.
4, INCOME
44 DONATIONS AND LEGACIES Unrestricted Restricted 2025 2024
Funds Funds
£ £ £ £
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iia tacpieS
15
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|---|---|---|---|---|---|---|---|
|continued|
|Church|of freland Orphans and|Childrens|Society|for the Counties|of Antrim and|
|Bown|
|{A|Sompany|limited by|quarantea,|not having 2 share|capitet)|
|NOTES|TO|THE|FINANCIAL|STATEMENTS|
|for|the|financial year ended|30 June 2025|
|Parishes|in|County Antrim|4,750|«|4,750|1,875|
|Parishes|In|County|Dawn|2,157|-|2,154|1,964|
|Membership|subscriptions|from|individuats|3D|.|$a|25|
|Legacies|-|-|:|22.272|
|3,931|.|3,991|26,118|
|oF|Se|ae|SanSGaEREEe|
|4.22|INVESTMENTS|Unrestricted|Restricted|2025|2024|
|Funds|Funds|
|£|£|£|£|
|Bank inferast|§,971|.|5,971|2773|
|Dividends|190,753|-|490,753|210.979|
|Withholding|tax|(192)|-|(192)|7,601|
|Foreign|exchange|gain|4|-|4|(8)|
|Bond|lacome|14,643|-|14,543|-|
|211,179|”|211,479|215,247|
|4g|OTHER INCOME|Unrestricted|Restricted|2025|2024|
|Funds|Funds|
|£|£|£|£|
|Other|income|"|-|-|237|
|-——____|Eee|De|=|
|&:|EXPENDITURE|
|5.4|CHARITABLE ACTIVITIES|Diract|Other|Support|2025|2024|
|Costs|Costs|Costs|
|£|ba|£|&|£|
|Grants|in|support cf amhans|.|77,178|-|77,176|70,290|
|Grants|in|suppori of non-orphana|-|1,320|-|1,920|4,560|
|children|:|
|Bereavement grants|-|10,000|-|10,000|3,008|
|Granis|for special|projects|-|136,328|-|130,328|150,863|
|Administration|costs|28,431|-|-|28,431|28,349|
|Governancs Costs (Note 6.2}|-|«|6,250|6,250|6,773|
|96,491|219,448|6250|284,098|«262,835|
|&|Analysis|of grants|2025|2024|
|£|£|
|Grants|{a institutions|130,328|180,883|
|Grants|fo|individuals|89,090|77,850|
|219,418|=|-228,713|
|6.1|GOVERNANCE COSTS|Diract|Other|Support|2025|2624|
|Costs|Costs|Costs|
|£|£|£|€|£|
|Charitable|activities|- governance|-|“|6,250|6,260|5,773|
|costs|
|———=—=EE|f— ——|— -_. ——t|eee|Bea|SS|=e|
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16
continued
Church of Ireland Orphans and Childrens Society for the Counties of Antrim and Down
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|||||||
|---|---|---|---|---|---|
|(&|company|Iimited|by guarantce,|not having a share capital)|
|NOTES|TO|THE|FINANCIAL STATEMENTS|
|for the|financial year ended 30 June 2025|
|6.2|SUPPORT COSTS|Governance|2025|2024|
|Costs|
|£|£|£|
|Support|6,250|6,250|5,773|
|7.|NET INCOME|2025|2024|
|£|£|
|Net Income|Is|stated|after|chargingl(craditing):|
|Auditor's|reriuneratlon:|
|- audit services|6,250|§,773|
|8.|INVESTMENT|AND OTHER|INCOME|2025|2024|
|E|£|
|Bank|Interest|5,974|2,773|
|Other interest|$4,455|-|
|Investment|Income|190,753|212,474|
|Bsiicil on disposal|of investments|(113,259)|288,148|
|37,920|504,396|
|3.|INVESTMENTS|
|Other|Totai|
|investments|
|investments|£|£|
|Cast|
|Ai1|July 2024|5,673,370|6,673,370|
|Additions|1,674,935|1,674,936|
|Disposals|(1,724,845)|(1,724,845)|
|Revaluations|(113,259)|{113,259}|
|At30 June 2025|6,610,202|6,310,202|
|Net|book value|
|At 30|June 2025|6,516,202|6,510,202|
|{—_-___|——————|
|AL30 June 2024|6,673,370|6,673,370|
|10.|DEBTORS|2025|2024|
|Ee|£|
|Prapayments|and|accrues income|42,046|10,358|
|41.|CREDITORS|2025|2024|
|Amounts|failing|due within ene year|£|£|
|Accruals|and|deferred income|42,17|18,253|
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17
continued
Church of Ireland Orphans and Childrens Society for the Counties of Antrim and Down
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(A company limited by guarantee, not having a share capital}
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 June 2025
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- RESERVES
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Atthebeginningof theyear (Defichk)/Surplus forthe financial yaar |
7,289,395 (152,188) |
7,021,481 267,314 |
||||
| Atthe end oftheyear | 7,137,207 | 7,288,395 | ||||
| 13. 13.1. |
FUNDS RECONCILIATIONOFMOVEMENT INFUNDS |
FUNDS | Unrestricted Funds £ |
Total Funds E |
||
| Alt July2023 Movementduring the financialyear |
7.027481 267,814 |
7,027,484 287.914 |
||||
| At30 June2024 | 7,289,395 | 7,289,395 | ||||
| Movemantduring the financial year | (152,188) | (452,188) | ||||
| AUL3SJune 2025 | 7,137,207 | 7,137 207 | ||||
| 43.2 | ANALYSIS OF MOVEMENTS ON FUNDS | |||||
| Balance 4 July 2024 |
Income | Expenditure | Transfers between funds |
Gainsand losses |
Balance 36June 2025 |
|
| £ | £ | £ | £ | E | £ | |
| Unrestricted funds IncomeFund 409,414 Capital Fund 4,081,806 Revaluation 2,798,484 |
215,170 - - |
254,089 - - |
- - - |
- . (113,259) |
370,182 4,081,800 2,685,225 |
|
| Reserve | ||||||
| 7,289,395 | 215,770 | (254,099) | - | (113,259) | 7,13? 207 | |
| Total funds 7,289,395 |
215,170 | 254,099 | “ | (113,259} | T,A37 207 | |
| 13.3 | ANALYSISOFNETASSETSBYFUND | Financial fixed |
Current assets |
Current liabilities. |
Total | |
| assets | ||||||
| £ | £ | £ | £ | |||
| Unrastrictedganeratfunds | 6,540,202 | 639,322 | (42,317) | 7,137,207 | ||
| 6,510,202 | 639,322 | {12,317} | 7,437,207 | |||
| =—sees | aa | _———————F | oe | |||
| 14, | STATUS | |||||
| The charityisacompany limitedbyguarantee nothaving a sharecapital. | ||||||
| Tha fability ofthemembersislimited. | ||||||
| Every memberofthecompany undertakes tosontribute to theassats ofthe company in theeventofils being wound Up while they are members, ofwithin one financial year thezaaftar, for the payment ofthe debts and liabilities ofthecompanycontractedbefore theycéased tobemembers, andthecosts, chargesandexpenses ofwinding up,andfortheadjustmentof the rights ofthecontributorsamong fhamseives, such amountasmay |
||||||
| be required, notexceeding £7. | ; | |||||
| TT | 18 |
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continued
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Church of Ireland Orphans and Childrens Society for the Counties of Antrim and
Down
{A company SImited by guarantee, not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial yaar erided 20 June 2025
15, CONTINGENT LIABILITIES
The Society has made offers te fund several projects which cantinue inte future financial years, conditional on
receiving satisfactory progress reports. The total amount committed to in this regard at 30th June 2625 was
£73,560 (2024: £118,500),
16. RELATED PARTY FRANSACTIONS
The Charity Trustees were not paid or recaived any other benefits from employment wilh the Charity in the
year (2024: Nit}.
No other transactions tcok place with related parties during the yaar.
i7. POST-BALANCE SHEET EVENTS
There havé been no significant events affecting the Charity since the financial year-end.
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ecient pen 19
CHURCH OF IRELAND ORPHANS AND CHILDRENS SOCIETY FOR THE COUNTIES OF ANTRIM AND DOWN tA company limited by guarantes, not having a share capital)
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025 NOT COVERED BY THE REPORT OF THE AUDITORS
i iii
ee
20
Church of treland Orphans and Childrens Sociaty for the Counties of Antrim and Down
{A company fimited by guarantog, not having 2 share capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 30 June 2025
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Income | 3,994 | 26,353 | |
| Expanses | |||
| Audifar's/independent Examiner's remuneration Contributions teadministrative overheads Grants In support efOrphans |
3,250 2,893 77,170 |
§,773 2,772 76,280 |
|
| Grants in supportofnon-orphan children | 1,926 | 4.580 | |
| Bereavementgrants | 10,000 | 3,COG | |
| Willowfiald ~Kids &Youth Project | - | 12,000 | |
| Kiloroney Centra Moira -LogicProject Monayreagh Ughthouss Project |
- 20,000 x |
6,500 20,000 13,500 |
|
| Lurgan Sijohs - FamilyQuiveach Project | - | §,000 | |
| St Brendans -Outreach Project | - | 7,000 | |
| StAnnes Trust | - | 4,600 | |
| Ards Tonnect Project Knocknagoney Childrenand FamilyOutreach Christchurch Lisbum- Messy churctr |
: 7,000 - |
14,000 7,C0G 3.983 |
|
| GroomspartToddlersGroup | + | 2,000 | |
| O&D Youth and Children Outreach | 25,000 | 25,G0G | |
| Shankill 442 Project | > | §,006 | |
| CundrumY&C Iniarn Project | > | 4,006 | |
| Derryvoigis Mustard Seed Therapy PrajectGrant | . | 13,000 | |
| DioceseD&D ForgeProject LAMPCommunity Outreach Project |
- 7,000 |
11,000 - |
|
| Ramean & CulfrelghtrinSunshine Ciub CastlewellanCommunityOufreach BrantelSensoryRoam DroemareCathedralMother& Toddier All Saints Belfast -Jegus Rackz Project TulfycamatSummerSchame SiMichaels Salfast -Togatherin Light&Love Investment managementfees |
1,428 45,000 2,000 1,000 35,000 4,500 45,000 25,536 |
- - - od “ - = 25,577 |
|
| 254,099 | 262,835 | ||
| Miscellaneousincomeand changes in investments | |||
| Ctherinterest | 14,455 | - | |
| Sank inferast | 5,871 | 2.773 | |
| Income from listadinvestments income from unlisted investments |
196,753 - |
210,879 4149S |
|
| (Loss}/gain ondisposalofinvestments | . | (113,259) | 289,148 |
| 97,920 | 504,396 | ||
| Net(deficitVsurplus | {452,185} | 267.214 | |
| — | Sen |
The supplementary infarmiation dees not for part of the audited financial statements
2t