Kllbroney Parlsh Church Trustees. Annual report and Financial Statements For the year ended 31 December 2023 Charlties Number: NIC 103484 Kilbroney Parlsh Church Annual report and financlal statements for the year ended 31 December 2023 Contents Pages References and administrative details of the Charity Trustees, report Independent Examiners Report to the Trustees Receipts and payments account Statement of assets and liabilities Notes to the financial statements Kilbroney Parlsh Church References and adminlstratlve detalls Charlty Name: Kilbroney Parish Church Charity Registration Number.. NIC 103484 Contact Address: 10 Kilbroney Road Rostrevor BT34 3BH Trustees Tim Alexander Christine Annett Ellzabeth Cavan Pauline Coffey Alanah Donaldson Elizabeth Farnan William Graham Rev Elizabeth Hanna Patric Harris Stewart Nash Mary Purdy Kennedy Roberts Shelagh Roberts Joan Thompson Prlnclpal Office-bearers Clergy.. Church Hon Secretary Church Hon Treasurer.. Rev Andy Hay {from January 20251 Kennedy Roberts Stewart Nash Independent Examlner Connor Sweeney ACA 12 Moygannon Road Warrenpoint Co Down BT34 3QJ Bankers AIB 42-44 Hill Street NEWRY Co Down Danske Bank 58 Hill Street NEWRY Co Down Kilbroney Parlsh Church- Trustees, Annual Report for the year ended 31 December 2023 The trustees present the annual report and statements of Receipts and Payments and Assets and Liabilities for Kilbroney Parish Church for the year ended 31 December 2023. Objectives and Actlvltles The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of Kllbroney Parish Church is to support the advancement of the Christian religion by promotingi through the work of the Parish, 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. The activities of the Church are intended to reach out to the wider community, and the Church building is a focal point In the village and provides a meeting place for interdenornination31 activities as well as religious services. Indeed the link between the Church and the vlllage may be summarised in the following terms 'Pray to the Lord on its behalf, for when it has prosperity, you will prosper." As a result of activity in the pursuit of the advancement of the Christian religion, Kilbroney Parish Church has custody of property and of records, materials and artefacts of significance to cultural and religious heritage, both to the local area and beyond. Maintenance of these is undertaken by the Select Vestry of Kilbroney Parish Church. Achievements, Performance & Public Benefit Parish activities include the following: Sunday Morning Worship at 11:30 am, a Healing Service and Compline,. special services at Christmas, Easter, Fiddlers Green, Harvest, Remembrance as well as Advent Carols and Carols by Candlelight. There are also occasional Services.. Baptisms, Confirmations, Weddings and Funerals. In addition, there Is a church choir and organlst, Sunday School (Explorers), prayer groups Ilncluding Prison Fellowship). The Pointer, parish magazine is circulated widely throughout the year. Kilbroney Parish Church also supports cross community activities including the weekly groups of Kllbroney Tower Bell Ringer5 {visiting bands are also hosted to ring our bells, as is the Dlstrict Practice for the Irish Association of Change Ringers), Kilbroney Handbellers a double award winnlng team at the local Warrenpoint feis, o Wednesday Crafters; Ladies Guild meetings. a monthly assembly in the Integrated Primary School. There have also been co-ordinated projects with all three local primary schools. o The Rostrevor Children's Choir from the neighbouring 'Star of the Sea, Church are regular visitor5 in speci31 services, as are many local musicians. o The Lecture Hall continues to be used for other activities including the Little Folk play group and the Book Club. The Trustees are very conscious of their obligations in relation to child protection, and there are designated representatives within the Parish with responsibility for Safeguarding Trust. Financial Revlew The receipts and payments accounts reflect the activities undertaken by the Parish in 2023. Going Concern The trustees 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 2023 can be signed off as a going concern. Structure, Governance and Management Governlng Document and Constltutlon of the Charity Chapter111 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 parlsh or Ilve elsewhere but have been accustomed members of the congregation for at least three months, may register as members of the General Vestry of the parlsh, 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 a5 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 whlch may be served. Pay and remuneratlon The incumbent receives a stipend, locomotory and ofrice expenses allowances in accordance with figures approved by the General Synod of the Church of Ireland. The payments are shared equally between Kilbroney, and the other group Parishes, Warrenpoint and Clonallon. 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 servlng in the parish, the churchwardens, the glebe wardens and not more than twelve other members of the general vestry elected at the General Vestry. The Select Vestry is chaired by the Incumbent. 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. Compllance wlth Public Beneflt The Parish has glven careful consideration to the Charity Commisslon 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 preparlng the Trustees, Report and the statement of receipts and payments and a statement of assets and liabilities in accordance with applicable law and regulations. The law applicable to charities in Northern Ireland with Income of less than £250,000 requires the trustees to prepare a statement of receipts and payments and a statement of assets and liabilities 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. ne on Behalf the Trustees Dr Kennedy Roberts Hon Secretary Date Independent examiner's report to the charity trustees of Kilbroney Parish Church I report on the accounts of Kilbroney Parish for the year ended 31 December 2023, which are set out on pages 5-9. Respective responsibilities of charlty trustees and examlner 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{91{bl of the Charities Act state whether particular matters have come to my attention. Basls 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 6519llbl of the Charitles 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 consideratlon of any unusual items or disclosures In the accounts, and seeking explanations from vou as charity trustees concerning any such matters. My role is to state whether any materlal matters have come to my attention glving me cause to believe: l. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. 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 oft. e matters11) to14) listed above and, In connection with following the Directions of the Charity ommlssion for Northerry Ir and, I have found no matters that require drawing to your attention. Name: Connor Sweeney FCA Relevant professlonal qualificatlon or body: Chartered Accountant Address: 12 Moygannon Road, Warrenpoint, Co Down Date: Recelpts and Payments Account for the year ended 31 December 2023 Unrestricted Funds 2023 Restrlcted Endowment Funds Funds 2023 2023 Total 2023 Total 2022 Note Recelpts Donations & Plate Collection Bi-centenary book Bi-centenary events Bank & Dep051t Interest Investment Income Grants Ila) 35,819 4,630 40,449 41,930 5,140 2,761 279 2,749 503 173 591 173 591 3,484 600 428 600 2,350 Total Receipts 36,847 6,100 2,350 45,297 53,362 Payments Wages and Salaries Diocesan Costs/Assessment Church Running Costs Rectory and Graveyard Costs Refurbishment of Church Development of sltes Charitable Donations Administration Costs - bank fees Bi-centenary Books Bi-centenary event costs Ila) 16,407 4,515 14,087 16,407 4,515 14,087 1,440 18,770 2,724 13,801 3,805 1,104 22,518 795 610 4,439 2,843 1,440 348 475 285 348 475 315 30 428 428 Total Payments 36,117 1,898 38,015 71,409 (Excess) of Receipts over Payments for the year 730 4,202 2,350 7,282 {18,047) On Behalf of the Trustees Edward Woolley Hon Treasurer statement of Assets and Llabllltles as at 31 December 2023 Unrestrlcted Funds 2023 Restrlcted Funds 2023 Endowment Funds 2023 Total 2023 Total 2022 Cash Funds Current Accounts Deposit Accounts Total Cash Funds 23,537 29,548 66,270 95,818 53,085 66,270 119,355 47,086 64,987 112,073 23,537 Investment Assets Investments in RB General UnitTrust Nll Investments in CIT Unit Trust Down, Connor and Dromore Diocesan Board of Education Total Investment Assets 10,069 10,069 9,777 442 442 422 44,901 44,901 44,901 55,412 55,412 55,100 TOTAL ASSETS 23,537 95,818 55,412 174,767 167,173 On behalf of the Trustees Edward Woolley Hon Treasurer Notes to the flnancial statements for the year ended 31 December 2023 Accountlng pollcles Set out below are the principal accounting policies which have been adopted in the compilatlon of the Receipts and Payments Account and the Statement of Assets and Liabilities (al Receipts and Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. Ib) Statement of Assets and Liabilities Assets retalnedfor the Purlsh's own use The assets of the Parish, retained for its own use comprise: Church Building The Church Building is deemed to be a Heritage asset as defined by the Charities SORP IFRS102} This Heritage asset is not included in the statement of assets and liabilities as information on the cost or valuation is not available and such inforrnation cannot be obtained at a c05t commensurate with the benefit to the user5 of the accounts and to the parish. Vicarage/Kllbroney Centre The Representative Church Body holds in trust for the Parish land and property at Forestbrook Road, Rostrevor. This Incorporates the former Vicarage, and a residential Centre known as the Kilbroney Centre, which are leased to a separate company, the Kilbroney Centre Limited. There are no reliable records of the original cost of construction of either the Vicarage or the Kilbroney Centre, and hence these buildings are not recognised in the Parish statement of assets and liabilities. The cost of building work undertaken at the Centre in recent years, which was supported by grant fundin& is accounted for within the accounts of the Kilbroney Centre Limited. li. Investments Fixed asset investments comprising investments In RCB/CIT Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each year end date. The investments derive principally from bequests which generate income for general or specific purposes for the Church. Down, Connor and Dromore Diocesan Board of Education holds in trust for the Parish the proceeds of the sale of the old Schoolhouse In Rostrevor. An annual dividend is paid to the Parish from these funds. The investment is stated at cost. Reconciliation of Cash Funds Total Cash Funds at Beginning of the year Receipts for the Year Payments for the Year Total Cash Funds at end of the year 112,073 45,297 138,0151 119,355 Movement in Funds Atljan 2023 Incoming Resources Outgoing Resources At 31 Dec 2023 Transfers Endowment funds RB General UnitTrust INI) Down, Connor and Dromore Diocesan Board of Education 292 12921 2,058 2,350 12,0581 12,3501 Restrlcted funds Bi-centenary book Donations for Bi-centenary events Handbells Building Restoration Fund Funds held by RCB Graveyard Fund 5,041 4,654 5,041 4,399 640 62,877 19,625 3,236 95,818 173 640 3.321 706 1,260 6,100 14281 59,586 18,919 3,416 91,616 1301 11,440) 11,8981 Unrestrlcted funds General Fund 20,457 20,457 36,847 36,847 136,117} 136,1171 2,350 2,350 23,537 23,537 Total funds 112,073 45,297 138,0151 119,355 Endowment Funds The RB General Unit Trust and CIT Unit Trust endowment funds are held and managed by independent Trustees and not by the Parlsh. These investments principally derive from bequests, and generate income for general or specific purposes for the Church. The Down, Connor and Dromore Diocesan Board of Education hold in trust for the Parish the proceeds of the Sale of the old Schoolhouse in Rostrevor. An annual dividend is paid to the Parish from these funds. Pur oses of Restricted Funds Building Restoration Fund.. Thi5 is a fund to provide for the Church restoration project which commenced in 2017. Funds held by RCB.. This comprises funds held in trust by RCB following the sale of sltes on glebe land. Graveyard Fund.. This is a fund used for the maintenance of the graveyard. 4. Collectlons for Third Parties 2023 2022 Bishops. Appeal Other charities and missions 275 200 475 795 795 The above amounts have been included in Payments for the year under "Charitable Donations". The amounts have been included within Receipts for the Year under 'Donations and Plate Collection, and in Payments for the Year under 'Charitable Donations,. Transartlons wlth the Trustees A portion of the recommended stipend and other allowances payable to the incumbent is paid for by Kilbroney Parish, with the remalnlng balance payable by the other two group Parishes, Warrenpoint and Clonallon. The Kilbroney Parish share amounted to £16,407 for 2023. Elizabeth Farnan was paid £1,640 in respect of her services as organist. 6. Governance Costs No Governance costs were incurred during the year as the independent examiner provided Services free of charge.