## **Kilbride Parish Church** **Trustees’ Annual report and statement of receipts and payments, assets and liabilities** ## **For year ended 31[st] December 2022** ## **Charities number 103570** **Annual report and financial statements for year ended 31[st] December 2022** |**Contents:**|**Page**| |---|---| |References and administrative details of the charity|2| |Trustees’ report|3-5| |Independent Examiner’s report to the trustees|6| |Receipts and payments account|7| |Statement of assets and liabilities|8| |Notes to the financial statements|9-11| **Kilbride Parish Church** ## **References and administrative details:** ## **Charity Name** Kilbride Parish Church **Charity registration number** 103570 **Contact address** 53 Brook Meadow Doagh BT39 0QF ## **Trustees** Mrs K Henry Mr R McDonald Mr J Wilson Mr C Gibson Mrs L Lyttle Mr N Cinnamon Mr W Robinson Mr I Topping Mr S Aiken OBE Rev Canon W D Humphries Mr D Holmes Mrs P Robinson resigned 5.4.2022 Mrs H McDonald Mrs C Ireland Mrs D Hurst Ms Ashley Hurst resigned 5.4. 2022 Mrs Iris McCormick appointed 28.3.23 Mrs Valerie Bryans appointed 28.3.23 ## **Principal office- bearers** Clergy: Church Secretary Church Treasurer Church-warden – People Church warden - Glebe Rev Canon W D Humphries Mr I Topping Mrs L Lyttle Mr C Gibson & Mrs H McDonald Mr J Wilson & Mr W Robinson ## **Independent Examiner** CG Taggart Accountancy Services Chartered Accountants and Registered Auditor 17 Cypress Crescent Donaghadee Co Down BT21 0QG ## **Bankers** Danske Bank 18, The Square Ballyclare, BT39 9BB **2** ## **Kilbride Parish Church** ## **Trustees’ Annual Report for the year ended 31[st] December 2022** The trustees present the Annual report and statements of receipts and payments, assets and liabilities for Kilbride Parish Church for the year ended 31[st] December 2022. ## **Objectives and Activities** The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of Kilbride Parish Church is to support the advancement of the Christian religion by promoting, through the work of the church, 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, Kilbride Parish Church has custody of property, records, materials and artefacts of significance to the cultural and religious heritage, the maintenance of which is undertaken by the Select Vestry of Kilbride Parish Church. ## **Achievements, Performance & Public benefit** Now that many of the restrictions are over we have been attempting to ‘get back to normal’. Attendance at services is still low but we have been trying to engage our members and those in the local community in fellowship. Youth organisations are all up and running and our Ladies group and badminton group are meeting again. In February there was a ‘Day with God’ to start the year when a suggested Prayer diary was included in the church magazine suggesting prayer times throughout the day and to thank God for the end of the pandemic. The magazine is circulated to every parishioner , well as being made available locally to others. During Lent there was a musical recital in the church each Wednesday followed by lunch which was well attended by both members and visitors. We also opened the church throughout the year to various groups celebrating anniversaries including 50 years of the Brownie pack at Kilbride, 100 years of policing in Northern Ireland, 100 years of the (Masonic) Provincial Priory of East Ulster to name just a few. We held many entertainment evenings such as hosting Killyglen orchestra, a beetle drive, a summer fete, an evening with the Rector in Advent which were all publicised on our Facebook page as well as the parish website. In addition to money collected for charity, the Select Vestry donated £1,000 of funds to local charities. We continue to plan events for 2023 which we hope will attract both members and visitors alike to our church. **3** ## **Kilbride Parish Church** ## **Trustees’ Annual Report for the year ended 31[st] December 2022 (continued)** ## **Financial review:** Attendance figures continue to be low at services and therefore Freewill offering amounts have dropped by 4% over the past year. Some donations to the parish (total £1,750) as well as a grant to each parish from the Diocesan office (£1,510) brought the overall reduction in our income to just over three percent. A careful spending programme throughout the year kept costs to a minimum and we have been able to maintain a cash reserve of £23,004 in a deposit account. Attempts at fundraising activities have not produced the results we had hoped for but we remain undeterred for the year ahead. ## **Going Concern** The trustees have reviewed the budgets for the year and are satisfied that there are adequate funds in place to ensure that the parish can continue its activities for a period of twelve months from the date of approval and the financial statements for the year ending 31[st] December 2022 can be signed off as a going concern. ## **Post Balance Sheet:** Parish funds have held up throughout this year and the sum held in the deposit account for contingencies give us confidence for the coming year. ## **Structure, Governance and Management** ## **Governing Document and Constitution of the Charity** Chapter III of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees. ## **Recruitment and Appointment of Select Vestry (Trustees)** All members of the Church of Ireland who are over the age of 18 and are either resident within the parish or live elsewhere but have been accustomed members of the congregation for at least three months, may register as members of the general vestry of the parish, allowing them to attend and vote at meetings of the general vestry and to stand for election to the select vestry. Meetings of the general vestry are held at least once a year. The Select Vestry is elected as part of this General Vestry meeting. The Select Vestry will hold their positions for a period of one year. Select Vestry members may be re-elected annually and there is no limit on the number of terms which may be served. ## **Pay and remuneration** The stipend and locomotory allowances of the incumbent of the Parish is paid by the Parish in accordance with the advice of the Diocese of Connor and in line with figures approved by the General Synod of the Church of Ireland. In addition the parish pays the incumbent’s share of the pension contribution and some of the running expenses of the rectory. See note 5 for details of the amounts expended in the year ended 31 December 2022. **4** ## **Kilbride Parish Church** ## **Trustees annual report for year ending 31[st] December 2022 (continued)** **Date 13.3.2023 5** ## CG Taggart ## ACCOUNTANCY SERVICES Independent Examiner's Report to the Trustees of Kilbride Parish Church I report on the accounts of the charity for the year ended 31 December 2022 which are set out on pages 7 to 11. ## Respective responsibilities of trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. ## It is my responsibility to: - examine the accounts under section 65 of the Charities Act; - follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act; and - state whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: 1. That accounting records were not kept in accordance with section 63 of the Charities Act 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 of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. ## Grace Taggart CG Taggart Accountancy Services Chartered Accountants and Registered Auditors 49 Ashcroft Way Lower Ballinderry Lisburn Co Antrim BT28 2AY 13 March 2023 Kilbride Parish Church Receipts and Payments Account for the year ending 31 December 2022 Receipts 2022 2022 2022 2021 Unrestricted Restricted Total Total Freewill offerings Loose collections Gifts and donationslgrants Gift Aid retum Rents Bank and deposit interest Investment income Income for charity13 parties Proceeds from sale of old rectory Utilities refund 67,105 2,113 5,228 13,824 1,140 86 2,033 1,769 67,105 2,113 5,228 13,824 1,140 69,628 395 1,051 14,960 102 2,181 1,409 5,981 802 10 2,043 1,769 223 223 Totsl receipts 93,522 10 93,532 96,509 Payments Wages, salaries and other entitlements 64,115 Di0￿san costslassessments 12,933 Church running costs 27,203 Charitable donations 2,186 64,115 12,933 27,203 2.186 56,336 12,338 19,972 4,273 Totsl payments 106.437 106,437 92,919 Excess of payments over recelpts for year (12,915) 10 (12.905) 3.591 Opening balance (sge note 2) 1,880 38,520 34,929 Closing balance (sts nots 2 23.725 1,890 25.615 38,520 Signed on behalf of Trustees: Trustee 1: W.D.Humphiies W-E>. Trustee 2." Ivan Topping Date 12.3.2023 Kilbride Parish Church Statement of assets and liabilities as at 31 December 2022 2022 2022 2022 2021 2021 2021 Cash funds Restricted Unrestrlcted Total Restricted Unrestrictsd Totsl Current account 721 721 11,636 25,004 11,636 25,004 Deposit account RB surplus funds account Total cash funds (see note 2) 1,890 23,004 23.004 23,725 25.615 1.880 36,640 38,520 Debtors - Gift Aid receivable 12,637 12,637 13,109 13,109 Investments in RCBICIT unlt tr￿ryt 50,330 Total Inveslrnent 63,876 114.206 114 206 53,025 68,222 53 025 68 222 121,247 121247 Assets retsined for Parish's (Mn use: Church hall 93,671 Rectory 225,000 Parish room {portacabin) 25,000 Less depreciation@10% per annum{15.000) Fixtures and fttings 55,000 Less depreciation @ 1 O%per annum(33.000) Storage unit Less depreciation @ 1 O%per annum L1,000) 93.671 93,671 225,000 225,000 25,000 25,000 (15,000) (12,500) 55,000 (33,000) (27.500) 5.000 (500) 93,671 225,000 25,000 {12,500 55,000 (27,500 5,000 {5001 (1.000) Total assets retained for Parish's use 354 Liabilltles: Taxation and Social Security Signed on behaff of Trustees: Trustee 1: W.D.Humphries KJ., . Trustee 2: Ivan Topping **8** ## **Kilbride Parish Church** ## **Notes to the financial statements for the year ended 31[st] December 2022** ## **1. Accounting policies** Set out below are the principle accounting policies which have been adopted in the completion of the Receipts and Payments Account and the Statement of Assets and Liabilities. ## **a) Receipts and Payment account** All items of income and expenditure included within the receipts and payments account have been accounted for on a cash receipts basis. ## **b) Statement of Assets and Liabilities** ## **i) Assets retained for Parish own use** The assets of the parish, retained for its own use comprise:- |**2022**
|**2022**|**2021**| |---|---|---| |**£**|**£**|**£**| |**Restricted funds**|**Unrestricted funds**|**Restricted funds**| |Church Hall 93,671|-|93,671| |Rectory 225,000|-|225,000| |Storage unit 4,000|-|4,500| |Parish Room (portacabin) 10,000|-|12,500| |Fixtures and fittings 22,000|-|27,500| |Church building See below||See below| The Church building and furniture are deemed to be Heritage assets as defined by the Charities SORP (FRS102). These Heritage assets are not included in the statement of assets and liabilities as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the Parish. The Church Hall is recognised at cost of construction/acquisition. No depreciation has been provided on the parish centre buildings as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. The Rectory is recognised cost of acquisition. No depreciation value has been provided on the Rectory as the current estimated value is not less than its carrying value and the remaining useful life currently exceeds 50 years. The Storage unit is recognised at cost of acquisition as at October 2020 and is depreciated on a straight line basis over a 10 year period. The Parish room is recognised at deemed cost (estimated value at 31[st] December 2016) and is depreciated on a straight line basis over a period of 10 years. Fixtures and fittings are recognised at deemed cost (estimated value at 31[st] December 2016) and is depreciated on a straight line basis over a period of 10 years. ## **9** ## **Kilbride Parish Church** ## **Notes to the financial statements for the year ended 31[st] December 2022 (continued)** ## **ii) Investments** Fixed asset investments comprising investment properties, investments in equities (ordinary shares) and investments in RCB/CIT Unit trusts are initially recorded at cost and then subsequently stated at fair value at each year end date. Investments in unquoted investments are recorded at cost and are assessed annually for impairment. |**2. Reconciliation of Cash funds:**|**2022**|**2021**| |---|---|---| ||**£**|**£**| |Total cash funds at beginning of year|38,520|34,929| |Receipts for year|93,532|96,509| |Payments for year
|(106,437)|(92,919)| |Total cash funds at end of year|**25,615**
|**38,520**| |**3. Investment Assets**|**2022**|**2021**| |Investments in RCB/CIT Unit Trusts:|£|£| |At beginning of year|121,247|105,759| |Increase / (reduction) in value
|(7,041)|15,488| |At end of year|**114,206**
|**121,247**
| |Of the total of £114,206 (2021: £121,247), £50,330 relates to restricted funds (2021: £53,025) and||| |£63,876 to unrestricted funds (2021: £68,222)||| |**4. Collections for Third parties**|**2022**|**2021**| ||**£**|**£**| |Christian Aid|880|913| |McCabe Educational Trust|70|221| |World day of Prayer|-|275| |Holyland dinner|779|-| |Funeral gratuity to sexton|40|-| |**Totals**|**1,769**
|**1,409**
| The above amounts have been included in Receipts for the Year under ‘Income for Charity/3[rd] parties’ and in payments for the year under ‘Charitable Donations’. **10** ## **Kilbride Parish Church** ## **Notes to the financial statements for the year ended 31[st] December 2022 (continued)** ## **5. Transactions with the Trustees** The Rector was in receipt of a gross taxable salary of £41,958 (2021: £39,512) and additional sums totalling £4,774 (2021: £5,204). The Parish also paid the employer’s and personal contribution to the Church of Ireland’s centrally administrated Pension fund of £5,909 (2021 £5,737) plus a sum of £2,965 (2021: £2,626) relating to the running costs of the Glebe house occupied by the Rector. No other trustee or person related to a trustee received remuneration, benefits or reimbursement of expenses nor had any personal interest in any contract or transaction entered into by the charity during the year. ## **6. Governance costs** Governance costs of £1,409 (2021 - £1,279) were incurred during the year of which £450 (2021 - £300) relates to fees paid to the independent examiner. Governance costs are included within the Church running costs in the receipts and payments account.