St Patrick’s Church, Jordanstown
Trustees’ Annual Report and Financial Statements
For the year ended 31st December 2025
Charities Number: NIC103259
1
St Patrick’s Church, Jordanstown
Annual report and financial statements for the year ended 31 December 2025
Contents
| Pages | |
|---|---|
| References and administrative details of the Charity | 3 |
| Trustees’ report | 4 - 8 |
| Independent Examiners Report to the Trustees | 9 |
| Statement of financial activities | 10 |
| Balance sheet | 11 |
| Statement of cashflows | 12 |
| Notes to the financial statements | 13-17 |
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St Patrick’s Church, Jordanstown
References and administrative details
Charity Name: St Patrick’s Church, Jordanstown Charity Registration Number: NIC103259 Contact Address: Jordanstown Road Newtownabbey BT37 0NT
Trustees
The following people served as members of the Select Vestry during the period.
Rev Canon N Baylor – Chairman Mr R Marshall – Honorary Treasurer Mrs L Neill – Honorary Secretary Mrs G Beresford Mr I Cochrane Mrs B Lancaster Mr N Lamont Mrs H Crowe Mr D Neill Mr M Baxter Rev C Dixon Mrs H Hubberstey Ms K Stapleton Mr D Marshall Mrs H Winning Mr S Trimble Mr P Dawson
Principal Office - Bearers
Clergy: Rev Canon N. Baylor Rev Brendan O’Loan (Ordained Local Minister) Honorary Treasurer: Mr R Marshall Honorary Secretary Mrs L Neill Church Warden - Clergy: Mr N Lamont Church Warden - People: Mrs H Hubberstey
Independent Examiner
Mr M Nixon
Bankers
Danske Bank Donegall Square West, Belfast
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Trustees’ Annual Report for the year ended 31 December 2025
The trustees present the annual report and statements of Financial Activities and Balance Sheet for the St Patrick’s Church, Jordanstown for the year ended 31 December 2025.
Objectives and Activities
The charitable purpose of the Church of Ireland is the advancement of religion.
The principal function of St Patrick’s is to support the advancement of the Christian religion by promoting the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Being open to and engaging with society as a whole and offering support for those needing help are fundamental to the practical delivery of the benefits of Christianity. As a result of activity in the pursuit of the advancement of the Christian religion, St Patrick’s has custody of property and of records, materials and artefacts of significance to the cultural and religious heritage and maintenance of which is undertaken by the Select Vestry of St Patrick’s.
Achievements, Performance & Public Benefit
St Patrick’s Core Values
Passion: for Jesus Christ His call to mission and relevance in the community and the world in which we live Relevance: to the world in which we live Faithfulness: to the word of God and the vital role of prayer Acceptance: to be a welcoming church which accepts everyone just as they are Openness: to the power and life of the Holy Spirit who transforms us from within in worship, teaching and lifestyle Generosity: in our stewardship of gifts and resources and our willingness to serve
Our chief resource is the people in our church and the gifts that God has given to each of them. We seek to encourage the God given talents and gifts in each person and to make sure that everyone in the congregation is exercising their own unique gift in the way that God has always intended. We see our church therefore as an every-member ministry team who work together for the advancement of the Kingdom of God.
St. Patrick’s Church was built in 1868, in the Celtic Style, and is a Grade A Listed building. It is considered one of the most attractive churches in the Diocese of Connor. The Parish also has an excellent suite of halls in first class order, which are used every day by all age groups which enables a wide variety of ministry to take place.
There are active organisations for all age groups including Scouts, Guides, Cubs, Explorers, Youth Fellowship, Sunday school, Parents and Toddlers, Tuesday Club for the retired, Mothers’ Union, Coffee and Creations open to the wider community, Bible Study, Prayer Fellowship, and recreational clubs. St Patrick’s offers Courses in Christian Faith (e.g. Alpha) and Marriage Preparation and is committed to the Ministry of Healing.
Lay people are encouraged to be actively involved in all areas of the life of the Parish and there is good participation and commitment. The Parish is ecumenical in the broadest terms and has joint services and mission with neighbouring Churches of all traditions. The Parish Ministry Team is part of The Whiteabbey/Jordanstown Clergy Fellowship. St Patrick’s is an inclusive Church, which allows each member to express his or her spirituality in the way they find most comfortable.
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Trustees’ Annual Report for the year ended 31 December 2025 (continued)
Worship and Services
Sunday Services are:
Early Morning Holy Communion Traditional Morning Prayer
Informal family orientated Worship (SPACE: St Patrick’s Adults Children Everyone) Family Service (usually monthly) Evening Prayer Healing Service (bi-monthly) A variety of Service of the Word evening services
Ministry in St. Patrick’s
The ministry team in St Patrick’s Jordanstown is led by Rev Canon Nigel Baylor and supported by Rev Brendan O ‘Loan and a group of Lay people who assist in leading worship in SPACE. We also benefitted from the assistance of two retired clergy in Rev Canon Kevin Brew and Rev Robin Moore.
In reflecting on worship each Sunday, we are very happy that our church choir is making good progress under the leadership of Clare Kelly, who herself is a music teacher. Clare was appointed in 2025. It is good to see four young children in the choir who join with the adults to produce a very good sound each Sunday. It is good to see the choir and music group from SPACE combine for major festivals such as Advent, Christmas and Harvest. This means that we have a wideranging age group of young and mature voices which produces a very impressive sound for all who are present in church. It is also good to reflect on the appointment of Suzanne Kelly as Worship Leader in SPACE. She has brought great experience and expertise to bear on this very important role week by week in SPACE which takes place in the Main Hall at 11.am each Sunday.
The year began with the continuing work of restoration on the church building which included the complete re-slating of the church along with the replacement of the guttering and downpipes and the repointing of the stonework on the historic building. This work finally concluded in June when weddings were able to be performed in a greatly enhanced building.
We were very grateful to David Neill who as Glebe Warden did a huge amount of coordinating work with the contractor and building engineer. It has to be said that the church building has not just been repaired but that the roof and the rain goods have been improved in that water now flows off the building in a much more effective way to prevent ingress of water into the interior of the building as had occurred frequently in the past.
We held a Thanksgiving Service on 28[th] September when we celebrated the fact that the work was completed and that the work was completely paid for by the generosity of the congregation.
We are also grateful to our Honorary Treasurer and the Finance committee for all their careful planning and in achieving their goal.
We thank our outgoing Glebe Warden, David Neill, for also linking up with electronic technicians to make it possible now to control all heating and external lighting by remote control. This means that the days of needing someone on site to switch heat on and off is gone. We can also control the lights in the grounds by remote control which saves having to have someone on site for this important task. We can, however, thank our new Glebe Warden, David Marshall for overseeing the installation of a new lift system in the main hall which enables anyone with a disability to safely negotiate the Main Hall and other parts of the hall complex. David Marshall brings his experience of working for the Housing Executive to bear on all his tasks which includes Fire Safety and oversight of Health and Safety.
We are also grateful to our other Glebe Warden, Jim Falls who works in the electronic field to bear on the oversight of items in the church grounds and in the entire suite of buildings. In recent times this included the repair of the church bell and the replacement of the standard light outside the front of the church. In the latter case it now provides far better and safer lighting at night when people come and go from the church building.
One very special item of church furniture was gifted to the church by the Rodgers family in memory of the late Derek Rodgers. The gift was an oak table with the inscription ‘ Love one another’ on the front. This table was dedicated on Sunday 23[rd] November at 11.am with Kathleen, and her children Suzanne and Paul and one of the grandchildren, Sebastian present on that special morning. This table has already seen a lot of use through the season of Advent, and it
5
Trustees’ Annual Report for the year ended 31 December 2025 (continued)
will be used for the signing of the Register for weddings. It has already been used for Remembrance Sunday when the Rector was giving an object lesson to the children. In fact, it will be used many times in the future for a variety of reasons and on many occasions.
On a social level we had a very successful Quiz night on Friday 21[st] February which gathered people of all ages to have some fun and fellowship. Although not specifically a spiritual exercise it did function in helping people to catch up with those who, in the normal of this busy world, could easily lose touch with. In that sense the spiritual and the secular are not completely separated in our lives.
The various groups which use the hall are the Tuesday Club which, has a very lively group of retired folks who always provide a wide ranging and interesting programme for each year. This includes members from the wider community. We also have a local branch of Probus which again extends beyond the parish boundaries. We have two choirs, the Rock Choir and the Mossley Singers which meet on different evenings which, are very active and lively. We also have a Bowling Club which meets on a Monday night which, is also broad in its membership. We have a Bridge Club which has a good number of very loyal members who meet on Thursday afternoons at 2pm. We have a Christian Group called Young Life which encourages young teenagers in their faith journey, and this meets on Saturdays at 7.30pm. We also have Baby College which meets on Tuesday from 9.am until 1 pm. This is run by a lady who helps and gives advice to mothers who have newborn or very young babies.
During Lent we studied the course , ‘Falling back on God’ here we reflected on how in our lives we need to truly trust and depend on God everyday of our lives. At the end of March, we had a joint Family Service on Mothering Sunday which reminds us all of the importance of our mothers in our lives, past and present.
I am glad to report that our ladies fellowship group, The Mothers’ Union continues to grow and thrive. We had the pleasure of having the Connor Diocesan President, Alison Skillon preach on 14[th] October. It was good to see some ladies rejoin the Mothers’ Union after that service. One of the areas which this fellowship seeks to be more aware of is domestic violence against women in the home and in society. Mothers’ Union also supports mothers who are facing the challenge of early motherhood with their young children. St Patrick’s supports this cause with great enthusiasm. On that note our Parents and Toddlers group which meets each Friday plays a very meaningful role. We thank Janet Baylor for her work in this group over many years. She has been joined in recent times by Fiona McGinty who has been a huge help along with others in running this group week by week.
We were also glad to see the return of the Scout Group which had lapsed over 2024. This group resumed activities in September under the leadership of Lee Walker and other leaders who have done great work.
We had a special session for the Scouts in the church on 12[th] December when the Rector spoke of the importance of faith and about the church family of St Patrick’s which has vital links with the Scout group. There was also a special evening in the church on Tuesday 10[th] December when the Rector spoke to the Rainbows and the Brownies group. We are very grateful to Rhonda Gamble and the other leaders for their sterling work with this lively group of young girls each week.
In the build up to Christmas we had a Christmas Family Day on Saturday 29[th] November which was attended by all ages. This sort of event again enables those who may not meet each week to catch up and enjoy fellowship with each other. We also had the Senior Citizens Christmas Dinner which occurred on Monday 1[st] December. This enabled those who do not get out regularly to meet and have fellowship with each other. We had the Assistant Mayor of Newtownabbey and Antrim present with us as we received sponsorship from the Council for this event.
We also had our Advent Carol Service on 30[th] November with the local Presbyterian and Methodist congregations which was enjoyed by all who attended. We had our annual Carol Service on Sunday 14[th] December at which our Roman Catholic neighbours from St James’ and Star of the Sea joined with us as we sang Carols and read the Scriptures which recalled the Christmas message. Both events were followed by refreshments in the church hall after these services, where fellowship continued.
The other significant improvement which came at Christmas was the replacement of our standard light outside the front porch of the church. This was gifted by the generosity of a couple in our parish. It has proved a far more effective light than its predecessor in that it provides far better light across that whole area.
In short, we can say that 2025 was a year of learning and progress in our parish and we look forward to further developments in 2026
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Trustees’ Annual Report for the year ended 31 December 2025 (continued)
Compliance with public benefit
In all these ways, the Parish has given careful consideration to the Charity Commission for Northern Ireland’s guidance on public benefit to ensure that the activities entered into during the year have helped to achieve the Parish’ objectives and activities, as well as providing public benefit.
Financial Review
St Patrick’s has two funds. The General Fund deals with ordinary day to day running expenses including salaries and payments to people. The Development Fund is for Capital Expenditure or other expenses outside day to day running expenses. The organ fund was opened in 2022 this is now closed.
As most people will be aware work started on the Church building and roof in June 2024 to allow all the works to be completed, we had to cash in our investment funds.
General Fund
As everyone is aware 2025 saw a return to normality, weddings baptisms funerals all took place as normal, and attendances improved. FWO and Gift Aid has remained static in 2025, however we showed a substantial loss of £160584 of income verses expenditure. This was due to interim payments for roof and building repairs of £205153 in 2025. We had income of £1902 from investments which is a reduction of £5411 due to the investments being cashed in. With all organisations and groups meeting again in 2025 we had income for the halls of £8303 this is an increase of £1778 on 2024. Expenditure fell by £43555 mainly due to reduced payments for the roof and building repairs. Other costs remain very much like 2024 with the exception of the diocesan assessment which increased by £2718 unfortunately we have no control over the amount we must pay.
Other salient points are:
-
With return to normality 2025 saw a 56% increase in weddings and baptism’s income.
-
Investment Income has virtually disappeared but as already mentioned these investments have now been cashed in to help cover the repairs.
-
Charity distribution was increased in 2025 to £2299.
Overall, we showed a deficit of £160584 however this has been covered by existing monies held from previous years, and the funds from our investments. We continue to spend on average £2000 per month more than our income this has been partly addressed by our Gift Day which saw some parishioners increase their monthly standing order, we will continue to focus on this going forward.
The Development Fund
There was a significant amount of capital expenditure in 2025 mainly for the ongoing repairs. This will reduce for 2026.
This expenditure was covered by the monies held in the Development fund and Organ Fund.
Investment Funds are now as detailed below:
- The endowment funds which are the result of past bequests to St Patrick’s, are held in the CIT unit trust.
Organ Fund
It was decided to use the Organ Fund to keep monies separate which were pledged from parishioners for the roof repairs. This has subsequently been closed. I would like to take this opportunity to thank all those parishioners who contributed. All this and the monies in the Development mean that the roof and building repairs has been paid in full.
Going Concern
The trustees have reviewed the projections for the year ahead and are satisfied that there are adequate funds in place to ensure that the Parish can continue its activities and the financial statements for the year ended 31 December 2025 can be signed off as a going concern.
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Trustees’ Annual Report for the year ended 31 December 2025 (continued)
Structure, Governance and Management
Governing Document and Constitution of the Charity
Chapter III of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees
Recruitment and Appointment of Select Vestry (Trustees)
All members of the Church of Ireland who are over the age of 18 and are either resident within the parish or live elsewhere but have been accustomed members of the congregation for at least three months, may register as members of the general vestry of the parish, allowing them to attend and vote at meetings of the general vestry and to stand for election to the Select Vestry. Meetings of the general vestry are held at least once a year. The Select Vestry is elected as part of this General Vestry meeting. The Select Vestry will hold their positions for a period of one year. Select Vestry members may be re-elected annually and there is no limit on the number of terms which may be served.
Pay and remuneration.
Stipends, office and locomotory allowances, of all Clergy are based upon figures approved by the General Synod of the Church of Ireland.
Organisational Structure
The Select Vestry is responsible for the day to day management of the parish. The Select Vestry consists of members of the clergy serving in the parish, the churchwardens, the glebe wardens and generally not more than twelve other members of the Select Vestry elected at the Easter General Vestry.
The Select Vestry is chaired by the incumbent or other member of the clergy officiating in the parish. Select Vestry members are responsible for making decisions on matters of general concern and importance to the parish including deciding how parish funds are to be applied.
The Select Vestry meets at times fixed by the members or by the diocesan synod. Special meetings may be convened at any time by the chairperson or the churchwardens. In 2025 the Select Vestry met 10 times during the year.
Compliance with Public Benefit
The Parish has given careful consideration to the Charity Commission for Northern Ireland’s guidance on public benefit to ensure that the actives entered into during the year have helped to achieve the Parish’s objectives and activities, as well as providing public benefit.
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Trustees’ Report and the statement of financial activities and balance sheet in accordance with applicable law and regulations.
The law applicable to charities in Northern Ireland with Income of more than £250,000 requires the trustees to prepare a statement of financial activities and a balance sheet for each financial year.
The trustees are responsible for keeping accounting records that are sufficient to show and explain the Parish’s transactions and disclose with reasonable accuracy at any time the assets and liabilities of the Parish. They are also responsible for safeguarding the assets of the Parish and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on Behalf of the Trustees
Rev Canon N Baylor: ………………………………………………………..
R Marshall: ……………………………………………………………………..
Date ……………………………..……………..
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Independent Examiners Report to the Trustees of St Patrick’s Church, Jordanstown
I report on the accounts of the St Patrick’s Church Jordanstown for the year ended 31 December 2025, which are set out on pages 10 to 17
Respective responsibilities of charity trustees and examiner
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.
It is my responsibility to:
-
examine the accounts under section 65 of the Charities Act
-
follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act
-
state whether particular matters have come to my attention.
Basis of independent examiner’s report
I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.
My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity trustees concerning any such matters.
-
My role is to state whether any material matters have come to my attention giving me cause to believe: 1. That accounting records were not kept in accordance with section 63 of the Charities Act
-
That the accounts do not accord with those accounting records
-
That the accounts do not comply with the accounting requirements of the Charities Act
-
That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner’s statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
Name: Michael Nixon
Relevant professional qualification or body: FCA
Address: 13 Dillons Avenue Newtownabbey BT37 0SU Date: April 2026
9
Statement of Financial Activities for the year ended 31 December 2025
| Note Receipts Freewill offering and gift aid Gift Day Baptisms and Weddings Funerals, in memoriam donations Investment income Spotlight sales and advertising Halls income Rental income Charitable collections Donations/Legacies Miscellaneous Receipts from Parish Organisations Total Receipts Payments Clergy stipend, pension and expenses Sexton, Secretary, Organist, Development Officer Diocesan assessments Utility costs Insurance Rent and rates Repairs and maintenance Roof repairs Stationary, printing and postage Missions and charities Catering Bank charges Miscellaneous Payments from Parish Organisations Total Payments Excess of Payments over Receipts for the year before transfers Transfers Excess of Payments over Receipts for the year Gain/loss on investments Total funds brought forward Total funds carried forward |
Unrestricted Funds 2025 £ 154,491 3,483 1,455 470 30 1,046 8,303 10,800 2,369 21,291 1,355 5,754 210,847 82,011 17,971 20,848 12,256 4,684 2,924 30,996 205,153 3,934 2,299 1,043 456 1,309 5,163 391,048 (180,200) 31,081 (149,119) 1,972 851,310 704,163 |
Restricted Funds 2025 £ 17,744 0 0 0 0 0 0 0 0 0 0 0 17,744 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 17,744 (29,209) (11,465) 0 135,333 123,868 |
Endowment Funds 2025 £ 0 0 0 0 1,872 0 0 0 0 0 0 0 1,872 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,872 (1,872) 0 3,006 64,376 67,382 |
Total 2025 £ 172,235 3,483 1,455 470 1,902 1,046 8,303 10,800 2,369 21,291 1,355 5,754 230,463 82,011 17,971 20,848 12,256 4,684 2,924 30,996 205,153 3,934 2,299 1,043 456 1,309 5,163 391,048 (160,584) 0 (160,584) 4,978 1,051,019 895,413 |
Total 2024 £ 172,351 151,925 820 380 |
|---|---|---|---|---|---|
| 7,313 1,300 6,525 10,800 2,676 2,106 3,510 6,385 |
|||||
| 366,090 | |||||
| 80,278 15,706 18,130 12,750 4,597 2,613 42,151 241,383 3,787 2,156 1,312 457 2,267 7,017 |
|||||
| 434,603 | |||||
| (68,513) 0 |
|||||
| (68,513) 6,969 1,112,563 |
|||||
| 1,051,019 | |||||
On behalf of the Trustees
Rev N Baylor
Robbie Marshall April 2026
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Balance Sheet as at 31 December 2025
| Note Fixed Assets Tangible Fixed Assets 3 Investments 4 Total fixed assets Current Assets Debtors 5 Cash and cash equivalents Total current assets Creditors – amounts falling due within one year Other creditors 6 Total creditors Net Current Assets Total net Assets The funds of the parish Unrestricted funds General funds 7 Designated funds Total unrestricted funds Restricted Funds 7 Endowment Funds 7 Total charity funds |
2025 £ 625,000 67,383 692,383 36,817 176,683 213,500 10,470 10,470 203,030 895,413 704,163 0 704,163 123,868 67,382 895,413 |
2024 £ 625,000 222,049 |
|---|---|---|
| 847,049 | ||
| 62,771 309,483 |
||
| 372,254 | ||
| 168,284 | ||
| 168,284 | ||
| 203,970 | ||
| 1,051,019 | ||
| 851,310 0 |
||
| 851,310 | ||
| 135,333 64,376 |
||
| 1,051,019 | ||
On Behalf of the Trustees
Rev N Baylor
R Marshall
April 2026
11
Statement of cashflows for the year ended 31 December 2025
| Cash flows from operating activities Net deficit for the year per the statement of financial activities Movement in debtors Movement in creditors Net cash used in operating activities Cashflows from investing activities Proceeds from the disposal of investments Purchase of investments Net cash provided by (used in) investing activities Change in cash and cash equivalents in the reporting period Cash at the beginning of the reporting period Cash at the end of the reporting period |
Total Funds Total funds 2025 2024 £ £ (160,584) (68,513) 25,954 (29,974) (157,814) 167,232 (292,444) 68,745 159,644 50,148 159,644 50,148 (132,800) 118,893 309,483 190,590 176,683 309,483 |
|---|---|
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Notes to the financial statements for the year ended 31 December 2025
1. Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a) Basis of preparation
The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Parish meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost and transaction value unless otherwise stated in the relevant accounting policy note(s).
As a consequence of the Charity’s income being in excess of £250,000 the accounts are prepared on the accruals basis.
Tangible Assets
(i) Assets retained for the Parish’s own use
The assets of the Parish, retained for its own use comprise: -
-
Church Building and Graveyard
-
The Parish Halls
-
Glebe House
-
Sextons House
-
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 Centre was built a significant number of years ago. There are no reliable records of the cost of this construction 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.
The Glebe House is recognised at deemed cost, being the valuation for insurance purposes. No depreciation has been provided on the Glebe House as the current estimated residual value is not less than it’s carrying value and the remaining useful life currently exceeds 50 years.
The Sextons House is recognised at deemed cost, being the valuation for insurance purposes. No depreciation has been provided on the Sexton House as the current estimated residual value is not less than it’s carrying value and the remaining useful life currently exceeds 50 years.
No reliable records exist of historical fixtures and fittings and as such no value has been attributed to these.
13
Notes to the financial statements for the year ended 31 December 2025 (continued)
ii) Investments
Fixed asset investments comprising investment properties, investments in equities (ordinary shares) and investment in RCB/CIT Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each year end date. Investments in unquoted investments are recorded at cost and are assessed annually for impairment.
iii) Funds
Funds are classified as either restricted funds or unrestricted funds, defined as follows.
Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the Parish.
Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income there from is used for the purpose defined in accordance with the objects of the Parish.
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees’ discretion to apply the fund.
2. Critical accounting judgements and estimation uncertainty
Estimates and judgments made in the process of preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Trustees do not consider that there are any critical judgments made in applying the Parish’s accounting policies or that there are any critical accounting estimates or assumptions which may have a significant risk of causing a material adjustment to carrying amounts of assets and liabilities within the next financial year.
14
Notes to the financial statements for the year ended 31 December 2025 (continued)
3. Fixed Assets
| 4. 5. **6. ** |
Cost At beginning of the year Additions Disposals At end of the year Depreciation At beginning of the year Depreciation Disposals At end of the year Net book value at 31 December 2025 Net book value at 31 December 2024 |
375,000 0 0 375,000 0 0 0 0 375,000 375,000 £ Glebe House |
Sextons House 250,000 625,000 250,000 250,000 0 0 0 0 0 0 0 0 250,000 625,000 250,000 625,000 £ £ Total |
|---|---|---|---|
| Investments Balance at beginning of the year Additions during the year Disposals during the year Fair Value gain / (loss) on investments Balance at end of the year Analysis of Investments COI Central Investment Fund Investments in RB Unit Trusts Debtors |
Other Investments £ 222,049 0 (159,644) 4,978 67,383 44,292 23,091 67,383 |
2024 £ 59,936 3,835 63,771 2024 £ 168,284 168,284 |
|
| Gift aid receiveable Sundry debtors and prepayments Creditors due within one year |
2025 £ 32,982 3,835 36,817 |
||
| Sundry creditors and accruals | 2025 £ 10,470 10,470 |
15
Notes to the financial statements for the year ended 31 December 2025 (continued)
7. Movement in Funds
==> picture [486 x 299] intentionally omitted <==
----- Start of picture text -----
Change in
Incoming Outgoing
At 1 Jan 2025 market Transfers At 31 Dec 2025
resources resources
value
Endowment funds
JN Mellon Bequest 14,456 451 - 1,302 (451) 15,758
Ven JS Smythe donation 4,330 135 - 390 (135) 4,720
WA King Bequest 3,662 103 - 94 (103) 3,756
W Garvin Bequest 29,891 838 - 758 (838) 30,649
Parish Trusts 6,485 182 - 167 (182) 6,652
Sundry 5,552 163 - 295 (163) 5,847
64,376 1,872 - 3,006 (1,872) 67,382
Restricted funds
Development fund 135,333 17,744 0 0 (29,209) 123,868
Unrestricted funds
General fund 851,310 210,847 (391,048) 1,972 31,081 704,163
Total funds 1,051,019 230,463 (391,048) 4,978 - 895,413
----- End of picture text -----
Purposes of Endowment Funds
-
Income from the JN Mellon Bequest, WA King Bequest and the W Garvin Bequest is to be used for general Parish funds
-
Income from the Ven JC Smythe donation, the cash per Rev C W Frizell, and the Parish Trust is to be used for stipend augmentation.
Purposes of Restricted Funds
- Development fund: This is a fund to assist with the development and improvement of Parish property.
Purposes of Designated Funds
- There are no designated funds.
8. Analysis of Net Assets Among Funds
| Fixed Assets Investments Current Assets Current Liabilities Net assets at 31 December 2025 |
General Restricted Endowment Total £ £ £ £ 625,000 - - 625,000 - - 67,382 67,382 89,633 123,868 - 213,501 (10,470) 0 - (10,470) |
|---|---|
| 704,163 123,868 67,382 895,413 |
|
16
Notes to the financial statements for the year ended 31 December 2025 (continued)
10. Transactions with the Trustees
Clergy are remunerated based upon figures approved by the General Synod of the Church of Ireland. Total cost of the incumbent including pension costs, locomotory and office allowances was £64,361.
No other trustee received any remuneration or reimbursement of expenses in connection with their position as Trustee during the year.
No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year.
11. Governance Costs
No governance costs were incurred during the year. The independent examiner provided services at no cost to the Parish.
12.Taxation
The Church is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities.
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