KllmeEan Parish Churth Tn￿ee, Annual Report and Statement of Reolpts and Payments and Assets and Llabilities For the year ended 31st December 2024 tharities Number: 103580 Kllmegan Parlsh Church Annual report and financlal statement for the year ended 31st December 2024 Contents Pages Refences and Adminlstratlve detslls of the Church Trustees, Report Independent Examlners Report to the Trustee5 Receipts and Payments Account Statement of Assets and Llabilitie5 Notes to the Flnancial Statements Kllmegan Parfsh Churth Refences and Admlnlstratlve detall$ of the Clwrch Charlty Name: Kllme8an Parish Church Charity Re8lstratlon Number: 103S80 Conlart Address 40 Balllnran Road Kllkeel Co Oown BT34 4JA Trustees Rev Isaac Hann Mr Andrew Taylor Mr Callum Taylor Mr5 Roberta Taylor Mr 8rlan Palrner Mr Wllbert Hassard Mr5 Ffance5 Curlett Mr Wllliam Brown Mr Robert Mcclements Prfnclpal Offlc*bearers Rev I￿aC Hanna Mr Callum Taylor Mrs Roberta Taylor Chalr Secretary Treasurer Independent Examlner Kelly Glllespie 39 Church Street Ballynahlnch Co Down BT24 8AF Bankers AIB INI) Newry BT34 IAU Kilmegan Parish Church Tru5tees' Annual Report for the year ended 31st December 2024 The trustees present the Annual Report and Statements of Receipts and Payment5 and Assets and Liabilities for the year ended 31st December 2024. Objective and Activities The purpose of Kilmegan Parish Church is to share the message of the Gospel as it is found in the Scriptures. Performance & Public Interest Each week we meet to praise and worship our God together and pray with one another. In this way we support and encourage each other to grow in our own personal faith and become more like Christ, and share Communion together. We are open to and engage with society as a whole and offer support to those in need which we believe is fundamental to the practical delivery of the christian message. As a result of activity in pursuit of the advancement of the christian reliEion, the Parish has a large custody of records, materials and artefacls of significance to the cultural heritage of the area, the maintenance of which is undertaken by the Parish at a secondary level. Financial Review l. Provide an overview of the financial position at the reporting date 2. Explain the Trustee5' policies 3. If there are any material deficits at the end of the year take steps to remedy same Going Concern The Trustees, have reviewed the budgets for the year ahead and are satisfied that there are adequate funds in place to ensure that the Church can continue its activities and the financial statements for the ye3r ended 31st December 2024 can be signed off as a going concern. The Trustees, are re5ponsilbe for keeping accounting record5 that are sufficient to show and explain the church's transactions and disclose with reasonable accuracy at any time the a55ets and liabilities of the church. They are also responsible for safeguarding the assets of the church and hence take reasonable step5 for the prevention of fraud and other irregularities. Signed on behalf of the Trustees Rev Isaac Hanna Mrs Roberta Taylor Kllrnegan Parish Churth Trustees. Annual Report for the year ended 31st Dcember 2024 (a￿tInued) Strurture. G•)vernan¢e and Management The Charity Trustees are responsible for this. Recruftment and Appointment of Vestry Members The church vestry members are appointed at a meeting of the Church at Easter Vestry. Pay and remuneratlon The payment of salary and remuneration is determined by the Church of Ireland OffKe. Organlsational Strurture It is the church members who are responslble for the day to day management of the church. The Church Vestry meet regularity to di￿5$ matters of church business arlsing. Statement of Trustees, Responslbllftles The trustees are responsible for preparing the Trustees, Report and Statement of Recelpts and Payments and Statement of Assets and Liabilities in accordan￿ with applicable law nd reEulatkA)s. The law applicable to charities in Northern Ireland wtth income of less than £250,000 requires the trustee5 to prepare a statement of Receipts and Payments and a statement of Assets and Liabilitie5 for each financial year. Kilmegan Parish Church Receipts and Payments Account for the year ended 31 December 2024 2024 Receipts Offering5. Gifts and Donations Investment Income , etc Bank & Deposit Interest Graveyard Rental Income Cottages Hall Hire Land Letting Rates rebate Womens Fellowship Mast 33,181 3,855 380 2.710 9,973 1.320 1,172 7.000 Total Receipts 59,591 Payments Clergy Salary Clergy Cover Organist Diocese of Down Rectory Expenses Repairs & Maintenance Heat. Light and Rates Donations Insurance Bank Fees Grant Fund Sundries Management Commission S,619 4,616 1,710 4,656 2,795 7.866 3.419 627 3.123 404 l.S38 36.373 Exces5 of Receipts over Payments for the year 23,218 On behalf of the T tees Rev Isaac Hanna Date Mrs Roberta Taylor lu Date IL& bcTrJ&& ao£S Kilmegan Parish Church Statement of Assets and Liabilitie5 as at 31 Decernber 2024 2024 Cash Fund5 Current Accounts 63,380 - Investments Church of Ireland 10,241 Assets retained for Church own use Rectory Church Building- Kilmegan Church Building - St Donards Church H311, Main Street. Dundrum Dwelling- 39 Kilmegan Road. Dundrum Dwelling- 151a Main Street. Dundrum Land 184,000 334,S64 643.394 2S7,320 147,922 119,475 74,000 1.760.675 Totsl Assets 1.834,296 Less Liabilities Owed to Down Diocese 45,930 Total A55ets less liabilities 1,788,366 Represented by Reserves Opening balance Less liabilities due Add surplus Receipts over Payments 1,811,078 -45.930 23.218 Retained Reserves 1,788,366 On behalf of the ustees Revlsaac Hanna Mrs Roberta Taylor IL Date ILrl lois Notes to the Flnan¢lal Statement5 for the year ended 31st December 2024 l. Accountlng pollclos Set out below are the princlpal accounting policies whlch have been adopted In the compllation of the Recelpts and Payments Account and the Statement of Assets and Liabllltle5 al Recelpts and Payments Account All Items of income and Expendlture Included in the Recelpt5 and Payments Account have been accounted for on a cash recelpts basis. bl Stètement of Assets and Llèbllitles Assets retalned for the church's ovm use. The assets of the church retained for It5 own use comprlse.. l. Church and Church Hall, Maln Street, Dundrum 2. Familands conslstlng of 7.4 acre5 adjacent to 39 Kllmegan Road, Dundrum 3. Interest In Rectory at 50 Maln Street, Dundrum 4. Church at Kilmegan Road, Dundrum 5, Old School House, 151 Maln Street. Dundrum 6. Dwelllng at 39 Kllmegan Road, Dundrum 7. Dwelllng at 151a Maln Street, Dundrum The valuations of the above, where applicable, have been determlned by the Trustees of the Church, and reflect the hlstorlcal value of 5arne.