CHARITY REGISTRATION NUMBER: NIC103473 Christ Church Kilkeel Unaudited Financial Statements 31 December 2022 PURDY QUINN Chartered accountants Northern Bank House 42 Greencastle Street KILKEEL Co Down BT34 4BH
Christ Church Kilkeel Financial Statements Year ended 31 December 2022 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 21 Notes to the detailed statement of financial activities 23
Christ Church Kilkeel Trustees. Annual Report Year ended 31 December 2022 The trustees present their report and the unaudited financial ststements ofthe charity ft)r the year ended 31 December 2022. Reference and administrative details Registered charity name Charity registration number Principal office Christ Church Kilkeel NIC103473 Clo Mrs Gwen Chambers 24 Aughnaloopy Road KILKEEL Co Down The trustees Rev A Calvin Mr S Seed Mrs G E Chambers Mrs S Johnston Miss M S Teggaty Mr l J Henderson Mr D O Henderson Mrs K A Campbell Mr A S Tomkins Mr A E Charleton Mr D J Charleton Mr T O Hanna Mr J E Henderson Mr A Graham Mrs K Henderson Mr S Henderson Mr M Nicholson Mrs G McAtee Mr C Morris Miss C Hamilton Mr M Donald (Resigned April 2022) (Appointed April 2022) {Appointed April 2022) (Appointed April 2022) (Appointed April 2022) (Resigned April 2022) (Resigned April 2022) (Resigned April 2022) (Resigned April 2022) Independent examiner Purdy Quinn 42 Greencastle Street KILKEEL Co Down BT34 4BH
Christ Church Kilkeel Page 1 Trustees. Annual Report (contlnued) Year ended 31 December 2022 Structure, governance and management Governing Document and Constitution of the Charity Chapter I I l 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 ITrustees} 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. Organisational Structure The Select Vestry is responsible for the day-to-day management of the parish. The Select Vestry consists of the member of the clergy seNing in the parish, Rector's Warden, Hon. Treasurer, Hon. Secretary, People's Warden and generally not more than Iwelve other members of the General Vestry elected at the General Vestry meeting. 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 2022 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 activities entered into during the year have helped to achieve the Parish's objectives and activities, as well as providing public benefit. Objectives and activlties The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of the Church of Ireland is to support the advancement of the ChrTStian religion by promoting, through the work of the Christ Church Kilkeel 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, the Church Of Ireland Kilkeel Parish 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 the Christ Church Kilkeel.
Christ Church Kilkeel Page 2 Trustees. Annual Report (continued) Year ended 31 December 2022 Achievements and performance The Church of Ireland in general and Christ Church Kilkeel in particular meets the public benefit requirement by providing benefit to its members and the general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion. The direct benefits which flow from the purposes of the Church include the gaining of an understanding in Christian beliefs as set out in the Bible and in the Church's subordinate teachings at times such as baptism, confirmation and marriage leading to spiritual and moral development and opportunities for response to Bible teaching. In turn, this framework leads to practical expressions of Christian beliefs and standards in the local community such as through the care of those in need (including the sick, disabled and bereaved). Generally, the above benefits are delivered locally in a parish context but from time to time a Diocesan context will be in place. Local delivery can be facilitated by central resources in some cases. Public access is made known through the use of noticeboards, printed material, press advertisement, websites, social media, personal invitation or in other ways. The benefits are demonstrated through regular feedback (formal and ad-hoc) from members, their families, and members of the public. The beneficiaries of this purpose are members, their families, other individuals that the Church of Ireland is in direct and indirect contact with, the community in which pastoral services are provided and other communities throughout the world via missionary agencies and individuals reached and benefiting from the work of Christ Church Kilkeel. While prayer is a part of our worship services, other prayer activities such as prayer ministry, prayer triplets and occasionally prayer on the street are all activities available to and benefiting the whole community. The prayer triplets, initiative is a recent development and over 50 triplets have been formed and are being nurtured currently. Children, Young People, the Elderly and Families attending and not attending the regular services offered by the parish are welcomed along to activities and organisations held in our facilities. Links with statutory groups and other community groups is also prominent in the parish, and a reflection of our ability and desire to integrate with and serve the whole community in the distinctive manner that being a Church of Ireland Parish lends itself to. Full attention is given to relevant Child Protection and Vulnerable Adult legislation compliance with the Church of Ireland Safeguarding Trust policy is given. An archive of records is available to the public on request for no fee. Public enjoyment of cultural and historic buildings and artefacts, such as church plate, furnishings and materials as well as an overall improved appreciation of longstanding Christian heritage is a real public benefit and something Christ Church Kilkeel promotes, for example, visiting local schools and local scF7ools visiting our church buildings. Through conservation efforts in respect of records, propety and artefacts, links with the past are saved and greatly appreciated by many in the wider society we inhabit. The beneficiaries are the congregation and the general public. The public valuation of the benefits can be evidenced through attendance at public worship and the activities and organisations linked directly and indirectly to Christ Church Kilkeel. Any private benefit arising out of the fulfilment of our Christian Ministry or to our lay staff is essential to the fulfilment of the purpose of the advancement of religion. No member of the Select Vestry receives remuneration, reward or other private benefit for carrying out their Select Vestry responsibilities.
Page 3 Christ Church Kilkeel Trustees. Annual Report (continued) Year ended 31 December 2022 Financial review The congregation's main sourTr of income is members, contributions through the Weekly Freewill Offering. However, during the year additional funds were raised towards the cost of a building project which was commenced towards the end of the current year. Total Income of the congregation during the year was £356,004 (2021- £226,745>. The expenditure for the year was £196,84412021 £150,039). The reserves of the Charity at 31 December 2022 totalled £879,924 {2021- £733,828). Reserves Policy The Trustees have considered the level of unrestricted reserves that is appropriate to hold, taking account of current and ongoing commitments. It is the policy of the Trustees to hold at least three month's normal expenditure. At the year end unrestricted reserves were £109,201 (2021 £93,741) which represents a higher level of reserves. The Trustees however, consider it prudent to hold reserves at this level as the funding of its present activities is dependent on the ongoing financial support of its members. Going Concern The Select Vestry have reviewed the finances 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 2022 can be signed off as a going concern. The trustees, annual report was approved on 27 October 2023 and signed on behalf of the board of trustees by.. Rev A Calvin Trustee Mrs S Johnston Trustee
Christ Church Kilkeel Independent Examiner's Report to the Trustees of Christ Church Kilkeel Year ended 31 December 2022 Page 4 I report to the trustees on my examination of the financial statements of Christ Church Kilkeel ('the charity'} for the year ended 31 December 2022. This report is made solely to the charity's Trustees, as a body, in accordance with section 65(3)(a} of the Charities Act Northern Ireland 2008 and regulations made under section 66 of that Act. My work has been undertaken so that I might state to the charity's Trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report. Responsibilities and basis of report As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland) 2008 (the '2008 Act'}. You are satisfied that your charity is not required by Charity law to be audited and have chosen instead to have an independent examination. It is my responsibility to.. examine the financial statements under section 65 of the Charities Act., follow the procedures laid down in the general Directions given by the Charity Commission for Northern I reland under section 65(9)Ib) of the Act., and state whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity financial statements 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 ofthe 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 financial statements, and seeking explanations from you as charity Trustees concerning any such matters Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect.. accounting records were not kept as required by with section 63 of the 2008 Act., or the financial statements do not accord with those records., or the financial ststements do not comply with the accounting requirements of the 2008 Act-, or the financial statements do not comply with the applicable requirements Concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. PURDY QUINN Chartered Accountants 42 Greencastle Street Kilkeel BT34 4BH ndepen nt xaminer Lesley Houston FCA Chartered Accountants Ireland Date 27 October 2023
Christ Church Kilkeel Page 5 Statement of Financial Activities Year ended 31 December 2022 2022 Restricted Endowment funds funds Total funds 2021 Unrestricted funds Note Income and endowments Donations and legacies Charitable activities Investment income Total funds 159,543 14,554 134,927 43,556 3,417 294,470 58,110 3,424 262,623 564 3,558 Total income 174,104 181,900 356,004 266,745 Expenditure Expenditure on charitable activities 158,647 38,197 196,844 150,039 150,039 Total expenditure 158,647 38,197 196,844 Net Income 15,457 143,703 159,160 116,706 Other recognised gains and losses Net gains on investments Net movement in funds (13,068) (13,068) (13,068) 146,092 8,455 125,161 15,457 143,703 Reconciliation of funds Total funds brought forward Total funds carried forward 93,744 529,998 673,701 110,089 97,021 733,831 608,687 733,828 109,201 879,923 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 8 to 22 fomi part of these financial statements.
Christ Church Kilkeel Page 6 ststement of Financial Position 31 December 2022 2022 2021 Note Fixed assets Tangible fixed assets Investments 14 15 599,861 127,021 324,665 140,089 726,882 464,754 Current assets Debtors Cash at bank and in hand 16 29,747 210,865 37,075 319,039 240,612 356,114 Creditors". amounts falling due within one year Net current assets 17 2,570 238,042 2,040 354,074 Total assets less current liabilities 964,924 818,828 Creditors: amounts falling due after more than one year Net assets 18 85,000 85,000 879,924 733,828 Funds of the charity Endowment funds Restricted funds Unrestricted funds 97,021 673,702 109,201 879,924 110,089 529,998 93,741 733,828 Total charity funds 20 These financial statements were approved by the board of trustees and authorised for issue on 27 October 2023, and are signed on behalf of the board by.. JLJ• Rev A Calvin Trustee Mrs S Johnston Trustee The notes on pages 8 to 22 form part of these financial statements.
Page 7 Christ Church Kilkeel Notes to the Financial Statements Year ended 31 December 2022 General information The charity is a public benefit entity and a registered charity in Northern Ireland and is unincorporated. The address of the principal office is 24 Newry Street, Kilkeel, Co Down, BT34 4DN. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Ststement 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 IFRS 102)) and the Charities Act {Northern Ireland) 2008. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going Concern There are no material uncertainties about the charity's ability to continue. Transition to FRS 102 The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2020. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 23. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated ftjnds are unrestricted funds earmarked by the trustees ft)r particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of sub-classes.. restricted income funds or endowment funds.
Christ Church Kilkeel Page 8 Notes to the Financial Statements (continued) Year ended 31 December 2022 Accounting policies (¢ontlnued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets The assets of the Parish, retained for its own use, comprise the following: 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.
Christ Church Kilkeel Page 9 Notes to the Financial Statements (continued) Year ended 31 December 2022 Accounting policies {contlnuedJ Tangible assets (continued) Carginagh Church is 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 Church Hall is physically not attached to the heritage assets but is centred within the church grounds. Given its location it is the opinion of the Select Vestry that 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. Cornerstone House is not physically attached to the heritage assets but is connected to the hurch grounds. It is the opinion of the Select Vestry that 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. Rectory - this propety stands on its own grounds and could be placed on the open market without breaching any terms of Trust governing that propety. Hence the rectory is valued at a deemed cost equivalent to the market value of similar type properties in the locality as determined by the Select Vestry. Fixtures, Fittings & Minibus are recognised at cost and are depreciated at 15 % on a straight line basis over a period of 6.67 years Depreciatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Fixtures and fittings Motor vehicles 150/0 Straight line 150/0 Straight line The Rectory is recognised at deemed cost, being the estimated fair value of the propety at 31 December 2022. No depreciation has been provided on the rectory as the current estimated residual value is not less than it's carrying value and the remaining useful life currently exceeds 50 years. Investments Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment. Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure. Investment property Investment propety is stated at its fair value at each reporting date and any changes in fair value are recognised in income or expenditure.
Page 10 Christ Church Kilkeel Notes to the Financial Statements (contlnued) Year ended 31 December 2022 Accounting policies (continued) Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Government grants Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received. Vlfftere the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Vvhere the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Vvhere grants received are prior to satisfying the revenue recognition Criteria, they are recognised as a liability. Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Defined contribution plans The charity operates a defined contribution pension scheme, and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
Christ Church Kilkeel Page11 Notes to the Financial Statements (continued) Year ended 31 December 2022 4. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2022 Donations Freewill Gift Aid Offertories Gift Day Sundry donations Money in lieu of flowers Graveyard fees Missions Harvest Gift Aid Interest Diocese of Dromore & Down Special Collections Youth Fellowship 119,508 21,846 2,599 119,508 30,372 2,599 13,535 25,533 8,526 13,535 23,910 1,623 2,965 2,965 1,056 7,540 136 1,510 1,565 251 1,056 7,540 138 1,510 1,565 251 Grants Sundry Grants receivable Building Grants Grants receivable- Church Capital Repairs 2,900 70,000 15,000 2,900 70,000 15,000 159,543 134,927 294,470 Unrestricted Funds Restricted Total Funds Funds 2021 Donations Freewill Gift Aid Offertories Gift Day Sundry donations Money in lieu of flowers Graveyard fees Missions Harvest Gift Aid Interest Special Collections Donation for window repair Grants Coronavirus Job Retention Scheme 105,721 20,862 1,862 105,721 37.131 1,862 54,870 33,846 1,835 400 1,602 6,900 63 399 10,000 16,269 54,870 32,577 1,835 1,269 400 1,602 6,900 63 399 10,000 7,994 125,546 7,994 262,623 137,077
Page 12 Christ Church Kilkeel Notes to the Financial Statements (continued) Year ended 31 December 2022 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2022 Hall rental income Sunflower Fields & Crafts Fundraisinglcoffee morning Mums & Toddlers Funeral Teas Girls Brigade Boys Brigade 100 100 40,412 1,144 1,097 700 7,248 7,409 40,412 1,144 1,097 700 5,248 7,409 2,000 14,554 43,556 58,110 Unrestricted Funds Restricted Total Funds Funds 2021 Hall rental income Mums & Toddlers Funeral Teas Sundry income 384 384 180 180 384 180 564 Investment income Unrestricted Funds Restricted Total Funds Funds 2022 Income from investment properties - Wayleave & Conacre Income from listed investments- Dividends & Carginagh Investment Bank interest receivable 3,417 3,417 3,417 3,424 Unrestricted Funds Restricted Total Funds Funds 2021 Income from investment properties - Wayleave & Conacre Income from listed investments - Dividends & Carginagh Investment Bank interest receivable 160 160 3,396 3,396 3,556 3,558
Page 13 Christ Church Kilkeel Notes to the Financial Statements (continued) Year ended 31 December 2022 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2022 Advancing Christianity Support costs 155,586 5,061 37,501 696 191,087 5,757 160,647 38,197 196,844 Unrestricted Funds Restricted Total Funds Funds 2021 Advancing Christianity Support Gosts 124,339 5,018 129,357 20,198 484 144,537 5,502 20,682 150,039 Expenditure on charitable activities by actlvity type Activities undertaken directly Support costs Total funds 2022 Total fund 2021 Advancing Christianity Governance costs 191,087 3,884 1,873 194,971 1,873 147,758 2,281 191,087 5,757 196,844 150,039 Analysis of support costs Analysis of support costs activity 1 Total 2022 Total 2021 Premises Communications and IT General office Finance costs Governance costs - Accountants fees 156 669 891 2,169 1,872 156 669 891 2,169 1,872 111 679 1,050 1,381 2,281 5,757 5,757 5,502 10. Net income Net income is stated after chargingl(crediting)'. 2022 2021 Depreciation of tangible fixed assets 4,282 4,282
Christ Church Kilkeel Page 14 Notes to the Financial Ststements (contlnued) Year ended 31 December 2022 11. Independent examination fees 2022 2021 Fees payable to the independent examiner for.. Independent examination of the financial statements 600 600 12. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2022 2021 Wages and salaries Employer contributions to pension plans- Note 20 61,976 7,153 69,129 63,720 6,945 70,665 The average head count of employees during the year was 412021.. 5). The average number of full-time equivalent employees during the year is analysed as follows.. 2022 No. 2021 No. Number of stsff - type 1 Number of staff - type 2 Number of staff - type 3 No employee received employee benefits of more than £60,000 during the year {2021'. Nil). 13. Trustee remuneration and expenses The Minister of the congregation, Rev Alison Calvin, is a trustee of the charity- The Minister received remuneration of £42,925 {2021 £41,647) which includes allowances of £3,890 (2021 £3,898), office allowance £800 (2021 £800). A pension contribution £2,798 {2021 £2,717) under Net Pay arrangement together with a locomotory allowance of £2,700 (2021- £2,700) is also paid in her capacity as the Minister of the congregation. An employer's pension contribution of £2,939 (2021- £3,019) was also paid to the Church of Ireland Pension Scheme in respect of Rev A Calvin See note 20. Trustees D & A Charleton (through their building company) successfully tendered for the Church building project which commenced towards the end of2022. The payments made to F J Charleton Building Contractors Ltd during the 2022 year amounted to £305,540 (2021 £37,020). These payments were made on a commercial basis. The trustee D Henderson (through his IT & Design company) received a total of £165 (2021 £174) on a commercial basis. No other trustees received any remuneration, and no other trustees claimed any expenses during the year in connection with their duties.
Christ Church Kilkeel Page 15 Notes to the Financial Statements (continued) Year ended 31 December 2022 14. Tangible fixed assets Freehold Fixtures and propety fittings Motor vehicles Total Cost At 1 January 2022 Additions 313,449 260,849 24,648 21,917 4,000 342,097 282,766 At 31 December 2022 574,298 46,565 4,000 624,863 Depreciation At 1 January 2022 Charge for the year At 31 December 2022 14,966 6,970 21,936 2,466 600 17,432 7,570 25,002 3,066 Carrying amount At 31 December 2022 At 31 December 2021 574,298 24,629 934 599,861 313,449 9,682 1,534 324,665 15. Investments Shares in Investment group properties undertakings Total Cost or valuation At 1 January 2022 Additions Fair value movements 30,000 110,089 140,089 (13,068) 97,021 {13,068) 127,021 At 31 December 2022 30,000 Impairment At 1 January 2022 and 31 December 2022 Carrying amount At 31 December 2022 30,000 30,000 97,021 127,021 At 31 December 2021 110,089 140,089 All investments shown above are held at valuation. Listed investments The aggregate market value of listed investments is £97,021 (2021.. £110,089). Investment properties Investment propety consists of farmland, approximately 3 acres, which was bequeathed to the church many years ago. The Trustees have valued this propety at a market value of £10,000 per acre i.e. £30,000 in total. The Trustees consider this value has not changed significantly in the past few years and is not in excess of the open market value for the property.
Christ Church Kilkeel Page 16 Notes to the Financial Statements (continued) Year ended 31 December 2022 16. Debtors 2022 2021 Other debtors 29,747 37,075 17. Creditors: amounts falling due within one year 2022 2021 Trade creditors 2,570 2,040 18. Creditors: amounts falling due after more than one year 2022 2021 Other creditors 85,000 85,000 19. Pensions and other post retirement benefits The Rector of the Congregation is a member of the Church of Ireland DC Pension Scheme for Clergy in Northern Ireland. In addition to the current years contributions to this pension fund, in order to secure the solvency of the Fund a levy has been paid by each Diocese with effect from 1 June 2013. The total amount paid is as follows: 2022 2021 Employer's contributions Pension Levy Total pension contributions paid 3,110 4,043 3,021 3,925 7,153 6,946
Christ Church Kilkeel Page 17 Notes to the Financial Statements (contlnued) Year ended 31 December 2022 20. Analysis of charitable funds Unrestrieted funds At 1 Jan 2022 Gains and At losses 31 Dec 2022 Income Expenditure Transfers General funds Youth Fellowship Fund Mums & Toddlers Fund Bowling Club Fund Building Fund Graveyard Fund Funeral Teas Fund Sick & Poor Fund Motor vehicle Fixtures & Fittings Boys Brigade Girls Brigade 72,420 155,603 (144,115) {5,638) 78,271 1,094 251 (810) 755 1,290 726 1,g22 (1,650) 498 1,497 232 1,364 4,827 232 1,284 7,027 (100) (765} 2,965 4,080 22 1,534 7,442 707 {190) 4,598 22 934 7,405 2,919 3,742 (600) (3,809) (5,102) 11,506} (158,647) 3,772 613 7,408 5,248 93,741 174,104 109,201 At 1 Jan 2021 Gains and At losses 31 Dec 2021 Income Expenditure Transfers General funds Youth Fellowship Fund Mums & Toddlers Fund Bowling Club Fund Building Fund Graveyard Fund Funeral Teas Fund Sick & Poor Fund Motor vehicle Fixtures & Fittings 60,875 135,557 (123,5121 (500) 72,420 604 {10) 500 1,094 1,202 1,504 (1,980) 726 231 1,364 4,439 232 1,364 4,827 400 (12) 4,079 22 2,134 10,685 85,635 4,080 22 1,534 7,442 (600) 13,243} (129,357) 137,463 93,741
Christ Church Kilkeel Notes to the Financial Statements (continued) Year ended 31 December 2022 Page 18 20. Analysis of charitable funds fcontinuedj Restricted funds At 1 Jan 2022 Income Expenditure Gains and At losses 31 Dec 2022 Transfers Building Fund Carginagh Land Church Propety Fixtures & Fittings Gift Aid - Building Fund Coronavirus JRS Donations Mums & Toddlers Foodbank Investment income Boys Brigade Girls Brigade 162,024 30,000 313,449 2,240 168,006 (18,631) (270,627) 40,772 30,000 574,299 17,225 260,850 18,146 {3,161) 16,269 (8,368) 7,901 1,056 1,550 4,071 (1,056) {1,550) (6,189) 5,623 3,505 393 3,417 1,800 2,000 (3,810) {1,800) (2,000) {38,197) 529,998 181,900 673,702 At 1 Jan 2021 Income Expenditure Gains and At losses 31 Dec 2021 Transfers Building Fund Carginagh Land Church Propety Fixtures & Fittings Gift Aid - Building Fund Coronavirus JRS Donations Mums & Toddlers Foodbank Investment income 104,519 30,000 275,000 679 96,346 {392) (38,449) 162,024 30,000 313,449 2,240 38,449 2,000 (439} 5,075 11,194 7,994 2,001 2,075 6,116 (7,994) {2,0011 (2,075) (4,618) 16,269 6,125 2,000 5,623 3,556 129,282 {3,163) (20,6821 393 421,398 529,998 Transfers during the year ended 31 December 2022 related to the newly built propety being recognised as completed church propety.
Christ Church Kilkeel Page 19 Notes to the Financial Statements (continued) Year ended 31 December 2022 20. Analysis of charitable funds (continued) Endowment funds At 1 Jan 2022 Gains and At losses 31 Dec 2022 Income Expenditure Transfers Investments 110,089 (13,068) 97,021 At 1 Jan 2021 Gains and At losses 31 Dec 2021 Income Expenditure Transfers Investments 101,634 8,455 110,089 Investments are made up of the following 2022 20201 RBC Investments- RB General Unit Trust {Nl) Church of Ireland Trustees- CIT Unit Trust Diocesan Board of Education - Educational Endowments Ilreland) Scheme 89- pro rata share of units 10,162 377 10,951 420 86,482 98,718 110,089 Valuations as at 31 December 97,021 21. Analysis of net assets between funds Unrestricted Funds Restricted Endowment Total Funds Funds Funds 2022 Tangible fixed assets Investments Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 8,339 591,522 30,000 137,180 599,881 127,021 240,612 (2,570} (85,0001 879,924 97,021 103,432 (2,570) (85,000) 673,702 109,201 97,021 Unrestricted Funds Restricted Endowment Total Funds Funds Funds 2021 Tangible fixed assets Investments Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 8,976 315,689 30,000 269,309 324,665 140,089 356,114 {2,040) 185,000) 733,828 110,089 86,805 12,040} (85,000) 529,998 93,741 110,089
Page 20 Christ Church Kilkeel Notes to the Financial Statements (continued) Year ended 31 December 2022 22. Capital commitments As at 31 Dember 2022.. All construction work undertaken in connection with the building of a new annex to the church, which commenced in 2021, is fully completed and fully paid up. As at 31 December 2022, there are no capital commitments.
Christ Church Kilkeel Management Information Year ended 31 December 2022 The following pages do not form part of the financial statements.
Christ Church Kilkeel Page 21 Detsiled Statement of Financial Activities Year ended 31 December 2022 2022 2021 Income and endowments Donations and legacies Freewill Gift Aid Offertories Gift Day Sundry donations Money in lieu of flowers Graveyard fees Missions Harvest Diocese of Dromore & Down Gift Aid Interest Special Collections Youth Fellowship Donation for window repair Grants receivable - Church Capitsl Repairs Sundry Grants receivable Government grant income 119,508 30,372 2,599 13,535 25,533 105,721 37,131 1,882 54,870 33,846 1,835 400 1,602 6,900 2,965 1,056 7,540 1,510 136 1,565 251 63 3g9 10,000 85,000 2,900 7,994 294,470 262,823 Charltable activities Hall rental income Sunflower Fields & Crafts Fundraisinglcoffee morning Mums & Toddlers Funeral Teas Boys Brigade Girls Brigade Exceptional income from charitable activities 100 40,412 1,144 1,097 700 7,409 7,248 180 58,110 564 Investment income Income from investment properties - Wayleave & Conacre Income from listed investments - Dividends & Carginagh Investment Bank interest receivable 160 3,396 3,417 3,424 3,558 Total income 356,004 266,745
Christ Church Kilkeel Page 22 Detsiled Statement of Financial Activities {continufjdJ Year ended 31 December 2022 2022 2021 Expenditure Expenditure on charitable activities Wages and salaries Pension costs Rates and water Light and heat Repairs and maintenance Insurance Motor vehicle expenses Legal and professional fees Telephone Other office costs Depreciation Other interest payable and similar charges Web & Internet costs Subscriptions to Missions & Charities Speakers FWO Envelopes Sunday School Costs Girls Brigade Boys Brigade Messy Church & Holiday Bible Club CCI Licencing Special Appeals Photocopier Charge Diocesan CostslAssessment Sundry Expenses Mums & Toddlers Sundry donations to charities Funeral Teas costs 20 Anniversary Youth Fellowship SLtnflower Fields Expenses Graveyard expenses. Foodbank costs 61,976 7,154 2,213 10,132 8,230 6,419 2,029 1,873 1,216 2,026 7,570 2,168 63,720 6,945 1,833 6,642 5,152 5,986 1,572 2,281 966 2,301 4,282 1,381 174 16,710 215 1,186 824 36,322 1,745 1,100 634 4,857 7,864 2,340 1,204 711 399 171 13,104 2,810 2,323 1,486 617 12,180 4,334 2,322 1,402 190 850 790 614 702 6,111 4,525 (196,844) (150,039) Total expenditure 196,844 150,039 Net income 159,160 116,706
Christ Church Kilkeel Page 23 Notes to the Detailed Ststement of Financial Activities Year ended 31 December 2022 2022 2021 Expenditure on charitable activities Advancement of Christianity Activities undertaken directly Wageslsalaries Pension costs Rates & water Light & heat Repairs & maintenance Insurance Motor vehicle expenses Telephone Other office costs Depreciation Subscriptions to Missions & Charities Speakers FWO Envelopes Sunday School Costs Girls Brigade Boys Brigade Messy Church & Holiday Bible Club CCI Licencing Special Appeals Photocopier Charge Diocesan CostslAssessment Sundry Expenses Mums & Toddlers Sundry donations to charities Funeral Teas costs 200th Anniversary Youth Fellowship Sunflower Fields Expenses Graveyard expenses. Foodbank costs 61,976 7,154 2,213 10,132 8,074 6,419 2,029 547 1,135 7,570 36,322 1,745 1,100 634 4,857 7,864 63,720 6,945 1,833 6,642 5,041 5,942 1,572 461 1,295 4,282 16,710 215 1,186 824 2,340 1,204 711 399 171 13,104 2,810 2,323 1,486 617 12,180 4,334 2,322 1,402 190 850 7go 614 702 6,111 191,087 4,525 144,537 Support costs Repairs & maintenance Insurance Telephone Other office costs Other interest payable and similar charges Web maintenance 156 111 44 505 1.006 1,381 174 669 891 2,168 3,884 3,221 Governance costs Legal and other professional fees 1,873 2,281 Expenditure on charitable activities 196,844 150,039