CHARITY REGISTRATION NUMBER: NIC103473 Christ Church Kilkeel Unaudited Financial Statements 31 December 2024 PURDY UINN Chartered Accountants Northem Bank House 42 Greencastle Street KILKEEL Co Down BT34 4BH
Christ Church Kilkeel Financial Statements Year ended 31 December 2024 Page Trustees, annual report Independent exarninerfs report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not forrn part of the financial ststements Detailed statement of financial activities 23 Notes to the detailed statement of financial activities 25
Christ Church Kilkeel Trustees. Annual Report Year ended 31 December 2024 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2024. Reference and administrative details Registered charily name Christ Church Kilkeel Charity registration number NIC103473 Princlpal office Clo Ms Joan Linden 24 Millvale KILKEEL Co Down The trustees Rev A Calvin Mrs S Johnston Mr l J Henderson Mr D O Henderson Mr S Henderson Mrs K A Campbell Mr A E Chadeton Mr D J Charleton Mr T O Hanna Mr J E Henderson Mr A Graham Miss E McAlee Mr A McBride Mr R Myers Mr G Wilson Ms J Linden Mr G McAtee (Appointed 30 April 2025) Independent examiner Gareth Evans FCA Structure, governance and management Governing Document and Constitution of the Charity Chapter 111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees.
Christ Church Kilkeel Trustees. Annual Report fcontiTnuedJ Year ended 31 December 2024 Structurej governance and management (continued) Recruitment and Appointment of Select Vestry rrrustees) All members of the Church of Ireland who are over the age of 18 and are eilher resident within the parish or live elsewhere but have been accustomed members of the congregalion for at leasl Ihree months, may register as members of the general vestry of the parish, allowing them to attend and vote at meetings of the general vestry ané 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 limil on the number of terms which may be served. Organisational Structure The Selecl Vestry is responsible for the day-lo-day management of the parish. The Select Veslry consists of the member of the clergy serving in the parish. Rector's Warden, Hon. Treasurer. Hon. Secretary, People's Warden and generally nol more than e1ve other members of the General Vestry elected at the General Vestry tneeting. 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 malters 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 2024 the Select Vestry met 10 times during the year. Compliance with Public Benefrt 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 activities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of the Church of Ireland is lo supporl the advancement of Ihe Christian religion by promoting, through the work of the Chrisl Church Kilkeel the whole mission of the Church, pastoral. evangelistic, social and ecumenical. Being open lo 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 Ihe advancement of the Christian religion, the Church Of Ireland Kilkeel Parish has custody of property and of records, materials and artefacts of significance to Ihe cultural 2nd religious heritage and maintenance of which is underlaken by the select vestry of the Christ Church Kilkeel.
Christ Church Kilkeel Trustees. Annual Report {continued) Year ended 31 December 2024 Achievements and performance The Church of Ireland in general and Christ Church Kilkeel in particular meels the public benefit requiremenl by providing benefit to its members and Ihe general public by making known the Christian Gospel of the Lord Jesus Christ through the advancement of religion. The éirect benefits which flow from the purposes of the Church include the gaining of an understanding in Chrislian beliefs as set out in the Bible and in the Church's subordinate teachings at times such as baptism, confirmation and marriage leading to spirttual and moral development and opportunities for response to Bible teaching. In tum, 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 delNery 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 demonstraled 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 Ihal Ihe 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 benefiling 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 2nd benefiting the whole community. The prayer triplets, inilialive 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 ProteGlion 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 benefil and something Christ Church Kilkeel promotes, for example: visiling local schools and local schools visiting our church buildings. Through conservation efforts in respect of records. property and artefacts, links wilh the past are saved and greatly appreciated by many in the wider society we itlhabit. The beneficiaries are the congregation and Ihe general public. The public valuation of the benefits can be evidenced through allendance 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 lo the fulfilment of the purpose of the advancement of religion. No member of the Select Vestry receives remuneration. reward or other privale benefit for carrying out their Select Vestry responsibilities.
Christ Church Kilkeel Trustees. Annual Report (Continued) Year ended 31 December 2024 Financial review The congregation's main source of income is members. contributions through the Weekly Freewill Offering. Total Income of the congregation during the year was £248,972 (2023 - £269,728}. The expendilure for Ihe year was £229.641 (2023 - £231,049). The reserves of the Charity at 31 December 2024 totalled £951,217 {2023 - £922,932). Reserdes Policy The Trustees have considered the level of unreslricled reserves that is appropriate to hold, taking account of current and ongoing commitments. 11 is the policy of the Trustees to hold at least three month's normal expenditure. At the year end unrestricted reserves were £137,676 (2023 £132,963} which represents a higher level of reserves. The Trustees however, consider it prudenl to hold reserves at this level as the funding of lis present activities is dependent on Ihe 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 activilies and the financial statements for the year ended 31 December 2024 can be signed off as a going concern. The trustees. annual report was approved on 21 October 2025 and signed on behalf of the board of trustees by: Rev A Calvin Truslee Ms J Linden Trustee
Christ Church Kilkeel Independent Examiner's Report to the Trustees of Christ Church Kilkeel Year ended 31 December 2024 I report to the Irustees on my examination of the financial statements of Christ Church Kilkeel ('the charity,) for the year ended 31 December 2024. This report is made solely to the charity's Trustees, as a body, in accordance with section 65(31{a) of the Charilies Act Northern Ireland 2008 and rulationS made under section 66 of Ihat Act. My work has been undertaken so that I might state lo the charity's Trustees those mallers l am required to state to them in an independent examiner's report and for no olher 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. 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 requiremenls of the Charities Act (Northern Ireland) 2008 (the '2008 Act'l. You are satisfied Ihal your charity is not required by charity law to be audited and have chosen instead to have an independent examination. It is my responsibilily lo: examine the financial statements under section 65 of the Charities Act,. follow the procedures laid down in the general Directions given by Ihe Charity Commission for Northern Ireland under section 6519)(b) of the Act- ar)d slate whether particular matters have COTne to my atlention. Basis of independent examiner's report I have examined your charity financial statements as required under section 65 of the Charities Acl and my examinalion was carried out in accordan 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 accounls presented wilh those records. It also included consideration of any unusual items or disclosures in Ihe financial statements. and seeking explanations from you as charity Trustees concerning any such matters Independent examiner's statemenl 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 Ihal in any material respect- 1 . accounting records were not kepl as required by with seclion 63 of the 2008 Act-, or 2. the financial stalements éo not accord with those records- or 3. the financial statements do not comply with the accounting requirements of the 2008 Act", or 4. the financial slalements 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 Ihat the accounts give a 'true and fairf view which is not a matter considered as part of an independenl examination.
Christ Church Kilkeel Independent Examiner's Report to the Trustees of Christ Church Kilkeelfcontlnued) Year ended 31 December 2024 I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts lo be reached. Gar Indepe vans FCA ent Examiner PURDY QUINN Chartered Accountants 42 Greencastle Street Kilkeel Co Down BT34 4BH
Christ Church Kilkeel Statement of Financial Activities Year ended 31 December 2024 2024 Restricted Endowment funds funds Total funds 2023 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charitable activities Investment income Olher income 187,630 9,350 41.153 7.320 3.516 228,782 16,670 3.520 224,584 39,694 3,450 2,000 Total income 196,984 51,989 248,972 269,728 Expenditure Expenditure on charitable activities 195,237 34.404 229,641 231.049 Total expenditure 195.237 34,404 229.641 231,049 Transfers beleen funds 2,967 (2:967} Net gains on investments 11 (8,951) (8,9511 <4.329) Net income and net movement in funds 4,714 14.618 8.951 28,283 43,008 Reconciliation of funds Total funds brought forward Total funds carried forward 132,962 688,622 101.350 922,934 879,926 137.676 703,240 110,301 951,217 922,934 The statement of financial activities includes all gains and losses recognised in the year. All income and expendilure derive from continuing aclivities. The notes on pages 9 to 21 form part of these financial slatements.
Christ Church Kilkeel Statement of Financial Position 31 December 2024 2024 2023 Note Fixed assets Tangible fixed assets Investments 16 17 597,943 140,301 600,312 131.350 738,244 731,662 Current assets Debtors Cash al bank and in hand 18 30.145 186,089 28,416 167,052 216.234 195,468 Creditors: amounts falling due within one year Nel current assets 19 3,261 4,198 212.973 191.270 Total assets le55 current liabilities 951.217 922,932 Funds of the charity Endowment funds Restricted funds Unreslricted funds 110,301 703,240 137,676 101,350 688,622 132,960 Total charity funds 21 951,217 922,932 These financial statements were approved by the board of trustees and authorised for issue on 21 October 2025: and are signed on behalf of the board by.. Rev A Calvin Trustee Ms J Linden Trustee The notes on pages 9 to 21 form part of Ihese financial statements.
Christ Church Kilkeel Notes to the Financial Statements Year ended 31 December 2024 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 slatemenls have been prepared in compliance with FRS 102. The Financial Reporling Standard applicable in the UK and the Republic of Ireland,, the Statement of Recomfflended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charilies SORP (FRS 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 properlies measured at fair value through income or expenditure. The financial stslemenls are prepared in slerling. which is the functional currency of the entity. Going concem There are no material uncertainties about the charity's ability to continue. Transition to FRS102 The enlity transitioned from previous UK GA4P to FRS102 as at 1 January 2020. Judgemenls and key sources of estimation uncertainty The preparation of the financial statements requires management and trustees to make judgements, estimates and assumptions that affect the amounts reported. Tliese eslimates and judgements are continually reviewed and are based on experience and other faclors. including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to furlher any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Reslricled funds are subjected to restrictions on Iheir expendilure declared by the donor or through the terms of an appeal and fall into one of two sub<lasses.' restricted income funds or endowment funds.
Christ Church Kilkeel Notes to the Financial Statements (continued) Year ended 31 December 2024 Accounting policies (Continued) Incoming resources All incoming resources are included in the statemenl of financial aclivities when entitlement has passed to the charity.. il is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably MeaSud. The following specific policies are applied to parlicular categories of income.. income from donations or grants is recognised when there is evidence of entillement to the gift. receipl is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and enlitlemenl is established. income from donated goods is measured at the fair value of the goods unless this is impracliGal to measure reliably. in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received rf 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 contraclual requirement for rt 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 lo which it relates". expenditure on raising funds includes the )StS of all fundraising activities, evenls, non-charilable 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 charitsble aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of Ihe charity apportioned to charitable activities. other expenditure includes all expendilure thal is neither related to raising funds for the charity nor part of its expenditure on charilable activities. All costs are allocaled to expenditure categories reflecting the use of the resource. Direct costs attribLJtable to a single activity are allocated directly to that activity. Shared cosls are apportioned between the activities they contribute to on a reasonable. justifiable and consistent basis. 10
Christ Church Kilkeel Notes to the Financial Statements (¢ontinuedJ Year ended 31 December 2024 Accounting policies (continued) 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 Ihe Charities SORP {FRS102). These Heritage assels are not included in the statement of assels and liabilities as information on Ihe cost or valuation is not available and such information cannot be obtained al a cost commensurate with the benefil to the users of the accounts and to the parish. Carginagh Church is deemed to be Heritage assets as defined by the Charities SORP (FRS102}. These Heritage assets are not induded in the statement of assels 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 accounls and to the parish. The Parish Church Hall is physically not attached to the heritage assels but is centred within the church grounds. Given its location it is the opinion of the Selecl Vestry that valuation approach for such a builéing lacks sufficient reliability. As a result, Ihis 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 church 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 property stands on its own grounds and could be placed on the open market without breaching any lerffls of Trust governing Ihat property. 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 C05t and are deprecialed at 15% on a slraighl line basis over a period of 6.67 years Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset. less its residual value, over the useful economic lrfe of that asset as follows= Fixtures and fittings Motor vehicles 150/0 straight line 15 % straight line The Rectory is recognised at deemed cost. being the estimated fair value of the property at 31 December 2024. No depreciation has been provided on the rectory as Ihe current estimated residual value is nol less than it's carrying value and the remaining useful life currently exceeds 50 years. Investments Unlisted equty investments are initially recorded at cost and subsequently measured at fair value. If fair value cannot be reliably measured. assels are measured at cost less impairment. Listed investmenls are measured at fair value with changes in fair value being recognised in income or expenditure.
Christ Church Kilkeel Notes to the Financial Statements (continued) Year ended 31 December 2024 Accounting policies {continued) Investment property Investment property is stated at fair value at each reporting éate alld any changes in fair value are recognised in income or expenditure. inFtially recorded al cost, which includes purchase price and any directly attributable expendilure. Impairment of fixed assets A review for indicators of impairment is carried out at each reporting dale, with the recoverable amount beirTg estimated where such indicalors exist. Where the carrying value exceeds Ihe recoverable amount, Ihe asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For Ihe purposes of impairmenl lesting. when it is not possible to estimate Ihe recoverable amounl of an individual asset, an estimale is made of Ihe recoverable amount of Ihe cash_generating unit lo which the asset belongs. The cash-generating unil 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 assels. For impairment testing of goodwill. the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generaling 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 granls 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. Where the grant does not impose specified future performance-related conditions on the recipient, il is recognised in income when the grant proceeds are received or receivable. Where 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 mel. Where grants received are prior to satisfying the revenue recognition criteria. they are recognised as a Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial inslrumenls are initially recognised at transaction value and subsequently measured at their settlement value with Ihe exception of bank loans which are subsequently measured al amortised cost using the effective interest method Defined contribution plans The charity operates a defined contribution perlsion scheme, and the pension charge represents the amounts payable by the charity to the fund in respect of the year. 12
Christ Church Kilkeel Notes to the Financial Statements (continu•d) Year ended 31 December 2024 Donations and legacies Unrestricled Funds Restricted Total Funds Funds 2024 Donations Freewill Gift Aid Offertories Gift Day Sundry donations Money in lieu of flowers Graveyard fees Missions Harvest Gift Aid Interesl 129,947 25,487 2,862 129.947 30,150 2,862 14,995 30,452 4,664 14,995 13,876 16.576 1.320 1,320 648 10,635 917 648 10.635 803 114 Grants Sundry Grants receivable 6,856 6,856 187,630 41.153 228,782 Unrestricted Funds Restricted Total Funds Funds 2023 Donations Freewill Gift Aid Offertories Gift Day Sundry donations Money in lieu of flowers Graveyard fees Missions Harvest Gift Aid Interest 129,171 24.965 2,744 129,171 28,616 2,744 7,775 41,530 100 2,015 825 8.673 535 3,651 7.775 23,919 100 17,610 2,015 825 8,673 535 Grants Sundry Grants receivable 2,600 2,600 185,713 38,870 224,584 13
Christ Church Kilkeel Notes to the Financial Statements (¢ontffnued) Year ended 31 December 2024 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2024 Hall rental income Sunflower Fields & Crafts Funeral Teas Boys Brigade Girls Brigade Insurance claim hall 847 250 1,440 5,435 1,378 7,320 250 1,440 5,435 1,378 7,320 9.350 7,320 16,670 Unrestricted Funds Restricted Total Funds Funds 2023 Hall rental income Sunflower Fields & Crafts Fvneral Teas Boys Brigade Girls Brigade Insurance claim - hall 704 17.396 3,920 3,280 2.020 704 27.770 3,920 3,280 4,020 10,374 2,000 27,320 12,374 39,694 Investment income Unrestricted Funds Restricted Total Funds Funds 2024 Income from listed investments- Dividends & Carginagh Investment Bank interest receivable 3.516 3,516 3,516 3,520 Unrestricted Funds Reslricled Total Funds Funds 2023 Income from li51ed irivestmenls- Dividends & Carginagh Investment Bank interest receivable 3,449 3,449 3,449 3,450 Other income Restricted Total Funds Funds 2024 Restricted Total Funds Funds 2023 Gain on disposal of tangible fixed assets held for charity's own use 2.000 2,000 14
Christ Church Kilkeel Notes to the Financial Statements (continued) Year ended 31 December 2024 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Advancing Christianity Support costs 190.427 4.810 34,127 277 224,556 5,085 195,237 34,404 229,641 Unrestricted Funds Restricted Total Funds Funds 2023 Advancing Christianity Support costs 184,331 4.144 41,979 594 226,313 4,736 188,475 42,573 231,049 Expenditure on charitable activities by activity type Activities unéertaken directly Support costs Total funds 2024 Tolal fund 2023 Advancing Christianity Governance costs 224,556 2,507 2,578 227,063 2,578 228,573 2,476 224,556 5,085 229,641 231,049 10. Analysis of support costs Analysis of supporl costs Total 2024 Total 2023 Premises Communications and IT General office Finance Costs Governance costs 716 432 716 432 844 515 2,580 256 388 786 1.830 2,474 515 2,580 5,087 5,087 5.734 11. Net gains on investments Endowment Total Funds Endowmenl Total Funds Funds 2024 Funds 2023 Gain51(losses) on listed investments 8.951 8,951 4,329 4,32g
Christ Church Kilkeel Notes to the Financial Statements (continued) Year ended 31 December 2024 12. Net income Nel income is stated after chargingl(crediting)= 2024 2023 Depreciation of tangible fixed assets Gains on disposal of tangible fixed assets 6.675 5,117 {2,000) 13. Independent examination fees 2024 2023 Fees payable to the independent examiner for". Independent examination of the financial statements 600 600 14. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Employer contributions lo pension plans 73.691 9,145 69.487 6,441 82,836 75.928 The average head count of employees during the year was 4 (2023: 4). The average number of full-time equivalent employees during the year is analysed as follows: 2024 2023 No. Rector Office staff Other support staff No employee received employee benefits of more than £60,000 during the year {2023: Nil). 15. Trustee Temuneration and expenses The Minister of the congregation, Rev Alison Calvin, is a trustee of the charity. The Minisler received remuneration of £51,767 {2023: £42,478) which includes locomotary allowances of £7,000 (2023 - £7,000), office allowan £800 (2023 £800) and a pension contribution of £3,292 (2023 £3,051) under Net Pay arrangement in her capacity as the Minister of the congregation. An employers pension contribution of £9.144 (2023 - £6.441 } was also paid to the Church of Ireland Pension Scheme in respect of Rev A Calvin. The trustee D Henderson {through his IT & Design company) received 8 total of £210 (2023 £210} on a commercial basis. No other trustees received any remuneration. and no olher trustees claimed any expenses during the year in connection with their duties.
Christ Church Kilkeel Notes to the Financial Statements (continued) Year ended 31 December 2024 16. Tangible fixed assets Freehold Fixtures and property fittings Motor vehicles Total Cost At 1 January 2024 Additions 574,298 52,133 4,306 4,000 630,431 4,306 At 31 December 2024 574.298 56,439 4,000 634.737 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 26,453 6.341 3,666 334 30,119 6,675 32,794 4,000 36,794 Carrying amount At 31 December 2024 574,298 23.645 597,943 Al 31 December 2023 574,298 25,680 334 600.312 17. Investments Shares in Inveslment group properties undertakings Total Cost or valuation At 1 January 2024 Additions Fair value movements 30,000 101.350 131,350 8.951 8,951 At 31 December 2024 30,000 110,301 140,301 Impairment At 1 January 2024 and 31 December 2024 Carrying amount At 31 December 2024 30,000 110,301 140,301 At 31 December 2023 30,000 101,350 131,350 All investments shown above are held at valuation. Listed investments The aggregate market value of lisled investments is £110.301 (2023= £101,350). Investment properties Investment property consists of farmland. approximately 3 acres, which was bequeathed lo Ihe church many years ago. The Trustees have valued this properly at £10,000 per acre i.e £30,000 in total. The Trustees consider this net book value has not changed in the past few years and is not in excess of the open market value for the property. 17
Christ Church Kilkeel Notes to the Financial Statements Icontinuedj Year ended 31 Decernber 2024 18. Debtors 2024 2023 Other debtors 30,145 28.416 19. Creditors: amounts falling due within one year 2024 2023 Trade credilors 3.261 4,198 20. 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 lo the current years contributions to this pension fund. in order lo secure the solvency of the Fund a levy has been paid by each Dioscese with effect from 1 June 2013. The total amount paid is as follows= 2024 2023 Employers contributions Pension Levy Total pension contributions paid 3,021 3,925 2,380 4,076 6,946 6,456 18
Christ Church Kilkeel Notes to the Financial Statements (continu8d) Yearended 31 December 2024 21. Analysis of charitable funds Unrestricted funds At 1 Jan 2024 Gains and At losses 31 Dec 2024 IncoTne Expenditure Transfers General funds Youth Fellowship Fund Mums & Toddlers Fund Bowling Club Fund Building Fund Graveyard Fund 88.283 178,164 (176,681) 3.517 95,450 1.770 1,250 (19) 3,001 1,590 4,787 (4,218) 2,159 232 1,264 8,992 232 1,264 10.276 1.320 (36) Funeral Teas Fund Sick & Poor Fund Motor vehicle Fixtures & Fittings Boys Brigade Girls Brigade Community Allotments Ladies Fellowship 6,763 22 334 10.596 1.406 3,888 1.440 (1.825) 6,378 22 {334) (2.834) (4.327) {4,031) 7,762 2,514 1,235 5.435 1.378 4,405 3,418 755 2,455 (1.998) {1.524) (197,827) 550 2,612 4,349 132,963 196,984 2,967 137,676 At 1 Jan 2023 Gains and At losses 31 Dec 2023 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 Community Allotfflenls Ladies Fellowship 78.271 188.119 (172.044) {800) 93,548 1.290 500 (20) 1,770 1.497 3,820 (3.727) 1,590 232 1,264 7,027 232 1,264 8,992 2.015 {50) 4,598 22 934 7,405 2.919 3.742 3,920 (1.755) 6,763 22 334 5,029 1,049 4,546 (6001 (2.376) (5.149) (1.276) 3,279 2.080 4.476 4.825 {71) (1,407) (188.475) 4,405 3,418 109,201 213,034 {800) 132,962 19
Christ Church Kilkeel Notes to the Financial Statements (continued) Year ended 31 December 2024 21. Analysis of charitable funds (continuedj Restricted funds At 1 Jan 2024 Gains and At losses 31 Dec 2024 Income Expendilure Transfers General Building Fund Carginagh Land Church Property Fixtures & Fittings Gift Aid - Building Fund Donations Foodbank Investment income Boys Brigade Girls Brigade 3,517 (19.771) (3.517) {3,756) 58,346 30.000 574.299 15,084 35,485 70,304 30,000 574,299 15,883 {3,507) 4,306 3.451 1.213 648 4.271 4,664 (648) (3.623) 7,442 8,090 3,516 2.981 3.875 {3.516) (2.981) (3,875) 688,622 51.989 (34,404) (2,967) 703,240 At 1 Jan 2023 Gains and At losses 31 Dec 2023 Income Expenditure Transfers General Building Fund Carginagh Land Church Property Fixtures & Fittings Gift Aid- Building Fund Donations Foodbank Investment income Boys Brigade Girls Brigade 40,772 30,000 574,299 17,225 26,638 (17.763) 8,701 58,348 30,000 574,299 15,084 (2,141) 7,901 3,451 11.199 7.356 (7,901) 3,451 (11.199) (3.421) 3,505 7,440 3.449 2.600 2.000 {3,449} (2.600) (2.000) (42,573) 673.702 56.693 800 688,622 20
Christ Church Kilkeel Notes to the Financial Ststements (contsnued) Year ended 31 December 2024 21. Analysis of charitable funds (continued) Endowment funds At 1 Jan 2024 Gains and At losses 31 Dec 2024 Income Expenditure Transfers Diocesan Board Educ. Inv 101,350 8,951 110.301 At 1 Jan 2023 Gains and At losses 31 Dec 2023 Income Expenditure Transfers Diocesan Board Educ. Inv 97.021 4,329 101,350 Investments are made up of the following . 2024 2023 RBC Investments - RB General Unit Trust (Nl) Church of Ireland Trustees - CIT Unit Trust Diocesan Board of Education - Educational Endowmenls (Irelandl Scheme 89- pro rata share of units 10,662 432 10,467 395 99,207 90,488 Valuations as at 31 Decetnber 110.301 101,350 22. Analysis of net assets between funds Unrestricted Funds Restricted Endowment Total Funds Funds Funds 2024 Tangible fixed assets Investments Current assets Creditors less Ihan 1 year Net assets 7.762 590182 30,000 83.058 597,944 140,301 216,235 (3.263) 110,301 133.177 (3.263) 137.696 703,240 110,301 951,217 Unrestricled Funds Restricted Endowment Total Funds Funds Funds 2023 Tangible fixed as5els Investments Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 10,931 589.381 30,000 69,239 600.312 131.350 195,468 (4,198) 101,350 126,229 (4.198) 132.962 688,620 101,350 922,932 21
Christ Church Kilkeel Notes to the Financial Statements (continued) Year ended 31 December 2024 23. Capital commitments As at 31 December 2024 all construction work undertaken in connection with Ihe building of a new annex to the church. which commenced in 2021, was fully completed and fully paid up. As at 31 December 2024, there are no capttal commitments. 21
Christ Church Kilkeel Management Inf0rn7ation Year ended 31 December 2024 The following pages do not fonn part of the financial statements. 22
Christ Church Kilkeel Detailed Statement of Financial Activities Yearended 31 December 2024 2024 2023 Income and endowments Donations and legacies Freewill Gift Aid Offertories Gift Day Sundry donalions Money in lieu of fflowers Graveyard fees Missions Harvest Gift Aid Interest Sundry Grants receivable 129,947 30,150 2,862 14,995 30,452 129.171 28,616 2.744 7.775 41,530 100 2,015 825 8.673 535 2,600 1,320 648 10.635 917 6,856 228,782 224,584 Charitable activities Hall rental income Sunflower Fields & Crafts Funeral Teas Boys Brigade Girls Brigade Insurance claim hall 704 27,770 3,920 3,280 4.020 250 1,440 5,435 1,378 7,320 16,670 39.694 Investment income Income from listed investments- Dividends & Carginagh Investment Bank interest receivable 3,516 3,449 3,520 3,450 Other income Gain on disposal of tangible fixed assets held for charity's own use 2.000 Total income 248,972 269,728 23
Christ Church Kilkeel Detailed Statement of Financial Activities (¢onfrnuedJ Year ended 31 December 202a 2024 2023 Expenditure Expenditure on Charitable activities Wages and s21aries Pension costs Rates and water Lighl and heal Repairs and maintenance Insurance Motor vehicle expenses Legal and professional fees Telephone Other office costs Depreciation Other interest payable and similar charges Web & Inlernet costs Subscriplions to Missions & Charities Speaker5 FWO Envelopes Sunday School Costs Girls Brigade Boys Brigade CCI Licencing Photocopier Charge Diocesan CostslAssessment Sundry Expenses Mum5 & Toddlers Sundry donations to charities Funeral Teas costs Sunflower Fields Expenses Graveyard Expenses Foodbank costs 73,691 9,145 2,670 12.727 23,421 7,526 2,139 2,578 792 1.989 6,675 1,975 210 23,203 915 979 950 8,047 13,886 657 858 12.216 7,200 3,430 2,720 1,774 200 794 6,274 69.487 6.441 2,560 12,340 22.811 7,387 2,726 2,476 723 2,652 5,117 2,423 210 36,681 435 1,180 1,444 4,414 9,520 630 1,018 12,228 12,839 2,625 2,758 1,718 1,736 1,120 3,350 (229,641) (231,049) Total expenditure 229,641 231,049 Net gains on investments Gainsl(losses} on listed investments (8,952} (4,329) Net income 28,283 43,008 24
Christ Church Kilkeel Notes to the Detailed Statement of Financial Activities Year ended 31 December 2024 2024 2023 Expenditure on charitable activities Advancement of Christianity Activities undertaken directly Wages & salaries Pension costs Rates & water Light & heal Repairs & maintenance Insurance Motor vehicle expenses Telephone Other office costs Depreciation Bank charges Web & Internet costs Subscriptions to Missions & Charities Speakers FWO Envelopes Sunday School Cost5 Girls Brigade Boys Brigade CCI Licencing Photocopier Charge Diocesan CoslslAssessment Sundry Expenses Mums & Toddlers Sundry donations to charities Funeral Teas costs Sunflower Fields Expenses Graveyard Expenses Foodbank costs 73,691 9,145 2,670 12,727 22,705 7,526 2,139 360 1,145 6.675 1,460 210 23,203 915 979 950 8,047 13.886 657 858 12,216 7,200 3,430 2,720 1,774 200 794 6,274 69.487 6.441 2,560 12,340 22,555 7,387 2,726 335 1,866 5,117 1,593 210 36,681 435 1,180 1.444 4.414 9.520 630 1,018 12,228 12,839 2,625 2,758 1,718 1,736 1.120 3,350 224,556 226,313 Support costs Repairs & maintenan Telephone Other office costs Interest payable and similar charges 716 432 844 515 256 388 786 830 2,507 2,260 Governance costs Governance costs and other professional fees 2,578 2,476 Expenditure on charitable activities 229.641 231,049 25