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2024-12-31-accounts

Killyleagh Parish Church Annual report and financial statements For the year ended 31 December 2024

Priest-In-Charge: Rev Eben Grobbelaar (appointed 1 February 2024)

Northern Ireland Charity No. NIC 103591

St John the Evangelist, Parish Church of Killyleagh

Contents

Reference and administrative details .................................................................................... 3 Trustees’ Report ................................................................................................................... 4 Financial Review ................................................................................................................... 9 Statement of Trustees' Responsibilities ............................................................................... 11 Independent Examiner’s Report to the Charity Trustees of Killyleagh Parish Church .......... 12 Receipts and payments account for the year ended 31 December 2024 ............................. 13 Statement of assets and liabilities as at 31 December 2024................................................ 14 Statement of changes in funds ............................................................................................ 14 Notes to the accounts ......................................................................................................... 15

Pages not forming part of the financial statements: Summary of members’ contributions 21

St John the Evangelist, Parish Church of Killyleagh

Reference and administrative details

Charity Name: St John the Evangelist, Parish Church of Killyleagh Charity Registration Number: NIC103591 Contact Address: 34 Inishbeg Killyleagh Co Down, BT30 9TR

Trustees

Rev Eben Grobbelaar Margaret Murphy Brian Thompson (appointed 1 February 2024) Karen Kirk Carol McCloy Christine Patterson Anthea McWilliams Tony Davies Esther Shaw Judith Shortall Edwina Marr Andy Ward (Deceased) Pauline Shepard Joyce McCormick Brenda Livingston

The following Trustees stood down during the year: Lorna McCormick Shonagh Dagher

Principal Office-bearers

Priest-In-Charge: Rev Eben Grobbelaar (appointed 1 February 2024) Honorary Secretary: Christine Patterson Honorary Treasurer: Judith Shortall Rector’s Church Warden: Esther Shaw People’s Church Warden: Margaret Murphy Rector's Glebe Warden: Brian Thompson People’s Glebe Warden: Andy Ward (deceased)

Independent Examiner

Iain Gillespie, FCA, Lisburn

Bankers

Ulster Bank

Trustees’ Report

The trustees present the annual report and statements of Receipts and Payments and Statement of Assets and Liabilities for St John the Evangelist, Parish Church of Killyleagh for the year ended 31 December 2024.

OBJECTIVES AND ACTIVITIES

The charitable purpose of the Church of Ireland is the advancement of religion.

The principal function of St John the Evangelist, Church of Ireland Parish Church of Killyleagh, is to support the advancement of the Christian religion by promoting, through the work of St John the Evangelist, Parish Church of Killyleagh, 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, St John the Evangelist, Parish Church of Killyleagh 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 St John the Evangelist, Parish Church of Killyleagh.

ACHIEVEMENTS, PERFORMANCE & PUBLIC BENEFIT

Clerical leadership

Rev Eben Grobbelaar was appointed on 1 February 2024 by the Bishop of Down and Dromore as Priest in charge for a period of up to 5 years. For the month of January 2024 services were led by Rev Hector Wanliss who is licenced to officiate in Killyleagh Parish.

Church Property

The Trustees are generally satisfied that all church properties and grounds are exceptionally well maintained by Glebe Wardens and assistants.

Public Worship

Throughout 2024, St John the Evangelist, Parish Church of Killyleagh, provided weekly worship on Sunday mornings at 9am and 11am services together with occasional seasonal evening services (eg Holy Week, Harvest and Christmas).

Most Sunday mid-morning services and some others were streamed live allowing those who were unable to attend church to still join in worship. With the facility to join the worship via the Parish YouTube channel, worshippers also could choose a time to view and participate in

Page 4

the service at a time to suit themselves. Online views average around 75 on a Sunday, and in-person attendance average around 45.

Services and events were also held at other times to mark special civil and religious occasions, with members of the public warmly welcomed. Other public community services included:

These services allowed the church to open its doors to other community members and their families. Breakfast was provided after the Easter Sunrise Service and lunch was provided after the morning Harvest Festival and supper after the Service of welcome for Bishop Leo Paul and his wife Sadaf.

A series of teaching and learning events took place throughout the year:

Unfortunately, a Christmas Festival in the Parish Church involving local singers, a brass band and a ukelele band, was cancelled because of bad weather. However during the year there were joint events with other churches and the local community including:

Youth Work

St John the Evangelist, Parish Church of Killyleagh is committed to seeing the younger generation of Killyleagh residents grow up understanding the Christian faith and learning what the Bible teaches and points to. Provision of teaching, fun and fellowship for any young

Page 5

members of the congregation and for the wider community remains an objective of St John the Evangelist, Parish Church of Killyleagh.

Killyleagh Parish Church continued its sponsorship of two children in Honduras and Burkina Faso, through the Christian charity Compassion.

The Youth Club for primary school aged children of Killyleagh and the surrounding areas continued to meet throughout 2024. It aims to give children from across the community a safe place to go and meet other children in a fun environment, with occasional educational or faith-based sessions and to allow many without any connections either with a church or with other members of the community to experience something new.

The Youth Club had 70 children registered for membership. Two sessions are held each Thursday evening, to allow Safeguarding supervision ratios to be met. Children meet at different times according to age with 3 to 7 year-olds meeting earlier and 8 to 11 year-old children coming later. The Youth Club is led by a parishioner with 20+ years’ experience in leading youth organisations. There were 5 other regular adult leaders.

A Summer Scheme was held in August for children between the ages of 3 and 11. The week-long programme of events included exposure to civic organisations like the fire brigade and the police, as well as outdoor activities. It culminated with a family fun, with parents joining a service and prize giving. Around 150 people attended that service.

The young members of the church are encouraged to attend and participate in acts of public service. A Nativity Service in December involving leaders and teenage parishioners was enjoyed by the congregation in the church and online.

Safeguarding Trust

In relation to younger members under 18 and indeed to any members at risk or in need of protection, St John the Evangelist, Parish Church of Killyleagh, adheres to the Church of Ireland Safeguarding Trust policies for protection of children and adults. The Trustees believe that any potential harm from activities carried out on its premises, or under the auspices of its organisations, has been mitigated as far as is possible. There is a 3-person Safeguarding Trust panel, chaired by the Rector, all of whom have received Church of Ireland central training. The panel has responsibility for overseeing the Parish’s adherence to the Safeguarding Trust policies and receiving notification about concerns anyone may have.

The Select Vestry, incumbent and volunteers are committed to upholding good practice in the parish’s ministry with all adults, but in particular with those in need of greater protection.

Safeguarding training was undertaken as required, by everyone involved in working with children.

Community Leadership

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St John the Evangelist, Parish Church of Killyleagh, provides leadership in the local Girl’s Brigade, associated with Killyleagh Presbyterian Church. The GB Captain and some of the Officers are Parishioners and also serve in the overall GB leadership in Northern Ireland, where a member is currently the Chairperson of GBNI. Members of St John the Evangelist, Parish Church of Killyleagh, are members of the GB.

Services for lifetime ‘Rites of passage’

Throughout 2024 St John the Evangelist, Parish Church of Killyleagh provided to its members, and additionally to other members of the community in appropriate circumstance, Christian services to mark various life events of significance, such as marriage, death, and baptism.

In 2024, the Parish charged no fees for funerals or baptism services, donations were encouraged. There are published fees for graveyard burials and the erection of headstones.

As well as the church building itself, which has seen worship on its site and within its building since 1640, and which is cared for and maintained lovingly by dedicated members, St John the Evangelist, Parish Church of Killyleagh maintains a working 360-year-old graveyard in a tidy and respectful manner in an area of outstanding beauty. This is maintained, managed and presented to a high and commendable standard through the dedication, commitment and sheer hard work, on a voluntary basis, of Glebe Wardens and some other Parish members.

The graveyard is available and open to all members of the community to come and spend reflective time, or to come and be peaceful at the place where a loved one has been laid to rest. During 2024 the gates to the graveyard were unlocked or left open for the whole year. Local residents are aware they can enter it at any time. The Trustees are committed to maintain this sensitive support to local residents and those with loved ones interred within.

Moreover, the church building itself is available, on request, to anyone to visit merely out of interest or for spiritual purposes and the Trustees of St John the Evangelist, Parish Church of Killyleagh welcome individuals and groups from the locality or further afield for tours.

Communications

The Parish communicates with its members and the wider community using a combination of traditional methods (church notices, posters, Christmas card and small gift to senior members and electronic methods (website, Facebook, texts and email). During 2024, the Parish continued to stream services (live) using its own YouTube Channel. In so doing, the Parish is able to reach out to members both in-person and online.

Online communication was prevalent during 2024 and the Trustees acknowledge the efforts of those involved in publishing material on the website, posting on Facebook, and operating the sound and camera equipment in church.

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Trustees are satisfied that communication is appropriate and within general guidelines and that record-keeping of member’s data meets requirements of GDPR legislation.

Fund Raising

During the year there were a number of fundraising activities undertaken, as detailed in Note 3 of the financial statements. They included:

Page 8

Financial Review

The receipts and payments account shows net incoming funds of £12,560 after payments made in relation to capital costs totaling £4,513.

Income has increased from £101,194 to £114,764, mainly as a result of increased fundraising and grants received for the rejuvenation of the parish. Of the income, £104,230 relates to unrestricted funds and £10,534 relates to restricted funds. The restricted funds represent churchyard fees of £2,520, General Building funds of £2,804, Sunday School / youth ministry donations of £2,260, baptisms of £415 and amounts raised for other charities of £2,535.

Expenditure (excluding payments to purchase fixed assets) have increased from £58,006 to £97,691, with the key decrease being Rector's stipend and associated costs following the appointment of Rev Eben Grobbelaar from 1 February 2024.

The Trustees are aware of some age-related wear and tear improvements that could be made to the church building, both internally and externally. To pay for this work, parishioners have chosen to allocate some personal giving to a building fund, specifically for this purpose. The balance on this fund at 31 December 2024 is £20,056.

With regard to the holding of Reserves, the Trustees believe that it is not within Christian principles or Biblical guidelines to retain funds, for some unforeseen, unknown, ‘rainy day’ occurrence, over and above what would be considered prudent to maintain the parish’s current properties, or to meet its known ongoing liabilities and financial commitments. The Reserves held are restricted as per Financial Review. Should St John the Evangelist, Parish Church of Killyleagh ever have non-earmarked funds in reserve, such reserve would be considered for use in mission and outreach.

Whilst the parish is in a surplus position this year, it must be noted that the income from freewill offering or regular donations at £40,056 is not sufficient to cover the overheads of the parish. There continues to be a reliance on the work of the charity shop to bridge the gap between donations and outgoings. The Trustees acknowledge the work of the volunteers at the shop and would like to express our gratitude for their contributions.

The Trustees do not take lightly the fact that normal income, including from the shop, does not comfortably exceed outgoings from the General operating account. The Trustees are fully aware of the need to ensure income is sufficient to meet liabilities going forward and will continue to carefully monitor the parish’s financial position regularly.

Going Concern

The Trustees have considered the funds available and income sources and are satisfied that there are adequate funds in place to ensure that the Parish can continue its activities for the foreseeable future. Accordingly, the financial statements for the year ended 31 December 2024 can be signed off as a going concern.

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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 priest in charge of the Parish was paid the minimum stipend and suggested office and locomotory allowances directly by St John the Evangelist, Parish Church of Killyleagh, in accordance with figures approved by the General Synod of the Church of Ireland.

During the vacancy the relevant fees were paid to the Rev Hector Wanliss in accordance with figures approved by the General Synod of the Church of Ireland.

Organisational Structure

The Select Vestry is responsible for the day-to-day management of the parish. The Select Vestry consists of the Rector serving in the parish, the churchwardens, the glebe wardens and generally not more than twelve 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 – during January 2024 Select Vestry meetings were chaired by Rev Adrian Dorrian. 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 2024 the full Select Vestry met on 10 occasions. Issues were also dealt with by email. The average attendance was 62%.

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Compliance with Public Benefit

The Trustees of St John the Evangelist, Parish Church of Killyleagh, have 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, many of which are referred to above, 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 preparing the Trustees’ Report and the receipts and payments account and statement of assets and liabilities in accordance with applicable law and regulations.

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.

Signed on Behalf of the Trustees

Rev Eben Grobbelaar 25 April 2025

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Independent Examiner’s Report to the Charity Trustees of Killyleagh Parish Church

I report on the accounts of Killyleagh Parish Church for the year ended 31 December 2024, which are set out on the receipts and payments account, statement of assets and liabilities and the related notes.

Respective responsibilities of charity trustees and examiner

As the Killyleagh Parish Church’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:

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 Killyleagh Parish Church 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 the 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.

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.

Iain Gillespie FCA Lisburn 25 April 2025

Page 12

St John the Evangelist, Parish Church of Killyleagh

Receipts and payments account for the year ended 31 December 2024

Receipts and payments account for the year ended 31 December 2024 Receipts and payments account for the year ended 31 December 2024
Unrestricted
RestrictedEndowment
Total
2023
funds
funds
funds
funds
total funds
Notes
£
£
£
£
£
Income and endowments from:
Donations and legacies
2
Income from charitable activities
3
Other trading activities
4
Investments
5
Other income
6
Total income
Expenditure on:
Raising funds
7
Expenditure on charitable activities
8
Payments to purchase fixed assets
9
Total expenditure
Net income / (expenditure) before
transfer
Transfers
Transfers between funds
Net movement in funds		 56,909
8,014
-
64,923
62,265
4,579
2,520
-
7,099
5,590
32,907
-
-
32,907
29,073
3,344
-
-
3,344
3,066
6,491
-
-
6,491
1,200
104,230
10,534
-
114,764
101,194
(3,890)
-
-
(3,890)
(4,394)
(89,031)
(4,770)
-
(93,801)
(53,612)
(92,921)
(4,770)
-
(97,691)
(58,006)
-
(4,513)
-
(4,513)
(40,190)
(92,921)
(9,283)
-
(102,204)
(98,196)
11,309
1,251
-
12,560
2,998
1,239
(1,239)
-
-
-
12,548
12
-
12,560
2,998

Page 13

St John the Evangelist, Parish Church of Killyleagh

Statement of assets and liabilities as at 31 December 2024

Notes
Tangible fixed assets
9
Investments
10
Current assets:
Loan debtor
Cash at bank and in hand
11
Net current assets
Total assets less current liabilities
12		 2024
£
2023
£
694,437
706,886
58,298
54,305
8,453
-
128,365
115,805
136,818
115,805
889,553
876,996

The accounts were approved and signed on 25 April 2025 on behalf of all trustees by:

Rev E Grobbelaar Mrs J Shortall
Trustee Trustee

Statement of changes in funds

Opening
Incoming
Outgoing
Transfers
Other
Closing
Balance
funds
funds
movements
Balance
Restricted funds:
Property maintenance
Fixed assets inc. Parish Centre replacement
Choir fund
General building fund
Church Yard fund
Sunday School fund
Church restricted
Legacy
Special collections
Sub-total for Restricted funds
Unrestricted funds
General fund
Designated fund for church rejuvenation
Loan
Fixed assets fund
Sub-total for Unrestricted funds
Endowment funds
Endowment funds
Sub-total for Endowment funds
Grand total		 651
-
-
-
-
651
642,342
-
(4,513)
(1,173)
(10,909)
625,747
1,276
50
-
-
-
1,326
17,252
2,804
-
-
-
20,056
19,678
2,520
-
(66)
-
22,132
2,229
611
(860)
-
-
2,619
7,880
-
-
-
-
7,880
2,879
-
-
-
-
2,879
28
2,390
(2,362)
-
-
28
694,215
10,534
(9,283)
(1,239)
(10,909)
683,318
70,751
94,595
(92,921)
2,410
-
74,835
-
9,635
-
(1,171)
-
8,464
-
-
-
-
8,453
8,453
48,886
-
-
-
(1,540)
47,346
119,637
104,230
(92,921)
1,239
6,913
139.098
63,144
-
-
-
3,993
67,137
63,144
-
-
-
3,993
67,137
876,996
114,764
(102,204)
-
(3)
889,553

The other movements include revaluation adjustments for investments (£3,993), recognition of loan fund, asset additions in the year (£4,513) less depreciation on unrestricted fixed assets (£1,540) and depreciation on restricted assets (£15,422).

Page 14

St John the Evangelist, Parish Church of Killyleagh

Notes to the accounts

For the year ended 31 December 2024

1. Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention.

a. Analysis of Receipts & Payments

All items of Income & Expenditure included within the Receipts & Payments Account have been accounted for on a cash receipt basis.

b. Balance Sheet

Investments

Investments are stated at market value based on the latest available date provided by the fund administrators.

Funds

Restricted funds are for specific purposes as laid down by the donor or have been raised for particular purposes and are not therefore available for general use. Expenditure which meets the criteria is charged to the relevant restricted fund.

Unrestricted funds are donations and other income received or generated for charitable purposes.

Designated funds are restricted funds set aside by the Select Vestry for specific purposes.

2. Donations and legacies

Free Will Offering
Standing orders etc
Loose Collection
Gift Aid Refund
Sacramental Collection
Pentecost
Harvest
Special Collection - Poppy day
appeal
Special Collection – Bishops Appeal
Sunday School
General building fund (inc funeral
teas)
Bequests
Other donations
Total		 Unrestricted
Restricted
This year
2023
£
£
£
£
18,997
-
18,997
19,288
21,059
-
21,059
19,672
3,649
-
3,649
2,919
11,586
-
11,586
11,663
-
415
415
60
-
736
736
204
-
1,016
1,016
1,371
-
250
250
120
-
483
483
695
-
2,260
2,260
551
-
2,804
2,804
1,992
1,000
-
1,000
1,000
618
-
618
2,730
56,909
8,014
64,923
62,265

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St John the Evangelist, Parish Church of Killyleagh Notes to the accounts For the year ended 31 December 2024

3. Income from charitable activities

Parish Centre income
Church Yard - Grave Fees
Rent Received
Total
ther trading activities
Charity shop takings
Christmas tree festival
Other Income - Easy Fund Raising
Quizzes, Fireside Quizzes, Knitted
puds
Brass in the garden
Four peaks
St Patrick’s supper
Wreath making
Black Saturday + breakfast
Black Santa
Other fundraising
Total
nvestment income
Income from investments
Bank Interest received
Other interest received
Total		 Unrestricted
Restricted
This year
2023
£
£
£
£
4,051
-
4,051
3,153
-
2,520
2,520
1,900
528
-
528
537
4,579
2,520
7,099
5,590
23,434
-
23,434
23,962
-
-
-
5,010
101
-
101
101
1,349
-
1,349
-
965
-
965
-
4,635
-
4,635
-
1,012
-
1,012
-
575
-
575
-
558
-
558
-
232
-
232
-
87
-
87
-
32,907
-
32,907
29,073
1,609
-
1,609
1,869
1,639
-
1,639
1,197
96
-
96
-
3,344
-
3,344
3,066

4. Other trading activities

5. Investment income

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St John the Evangelist, Parish Church of Killyleagh Notes to the accounts For the year ended 31 December 2024

6. Other income

ther income
Unrestricted Restricted This year 2021
£ £ £ £
Power NI - - - 1,200
Rejuvenation grant 5,000 - 5,000 -
Loan repayments 1,491 - 1,491 -
Total 6,491 - 6,491 1,200
aising funds
Shop expenses 3,828 - 3,828 3,982
Christmas tree festival exps - - - 412
Fundraising fees 62 - 62 -
Total 3,890 - 3,890 4,394
xpenditure on charitable activities
Charitable Donations 25 2,485 2,510 5,444
Sunday School expenses - 2,285 2,285 860
Communion wine 34 - 34 -
FWO Envelopes 235 - 235 247
Gifts 382 - 382 -
Printing, postage & stationery - - - 65
Books and magazines 225 - 225 270
Professional fees 180 - 180 180
CCLI copyright license 413 - 413 395
Software and web costs 1,609 - 1,609 352
Parish Centre costs 1,173 - 831 478
Water rates 835 - 835 660
Rectory rates 1,073 - 1,073 1,021
Premises insurance 3,929 - 3,929 3,663
Heating and power 2,882 - 2,882 2,808
Fire extinguisher service 191 - 191 122
General repairs 496 - 496 827
Rectory repairs 239 - 239 144
Graveyard repairs 66 - 66 -
Bank charges 421 - 421 376
Rectors’ stipend 29,692 - 29,692 10,768
Organist salary 5,000 - 5,000 5,000
Duty cover 2,674 - 2,674 4,063
Organist holiday cover 200 - 200 40
Superannuation 9,437 - 9,437 5,964
Locomotory allowance – Rector 6,417 - 6,417 1,750
Clergy office expenses 733 - 733 200
Diocesan levy 8,280 - 8,280 7,548
Safeguarding insurance 58 - 58 58
Courses - - - 210
Contribution to relocation costs 1,967 - 1,967 -
Loan to finance car + insurance 9,945 - 9,945 -
Miscellaneous expenses 220 - 220 99
Total 89,031 4,770 93,801 53,612

7. Raising funds

8. Expenditure on charitable activities

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St John the Evangelist, Parish Church of Killyleagh Notes to the accounts For the year ended 31 December 2024

9. Fixed assets

Cost or valuation
At 1 January 2024
Additions
Transfers
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value:
At 31 December 2024
At 31 December 2023		 Rectory
and Glebe
lands
Asset under
construction
Plant
Streaming
equipment
Parish
Centre
Total
225,000
10,306
70,994
14,580
472,381
793,261
-
1,058
2,284
1,171
-
4,513
-
(11,364)
11,364
-
-
-
225,000
-
84,642
15,751
472,381
797,774
-
-
21,650
8,748
55,977
86,375
-
-
4,364
3,150
9,448
16,962
-
-
26,014
11,898
65,424
103,337
225,000
-
58,628
3,853
406,957
694,437
225,000
10,306
49,344
5,832
416,404
706,886

Depreciation is recorded as within other movement on reserves. No depreciation is charged on assets introduced at fair value. These assets are included on the statement of net assets as instructed by the Church of Ireland on the basis that the members of Killyleagh Parish Church are responsible for maintaining these assets and have benefit of use.

10. Investments

At 1 January 2024
Revaluation
At 31 December 2024		 RCB Trust
Dept for
Communities
NI Central
investment
fund
Church of
Ireland
Trustees
Total
11,314
5,779
37,212
54,305
210
197
3,586
3,993
11,524
5,976
40,798
58,298

The investment managed by the Department for the Communities is made up of two separate funds, one of which is maintained for the benefit of three churches in the Killyleagh area as a result only the investment which is attributable to St John the Evangelist has been recognized in the balance sheet as at 31 December 2023 and 2024.

11. Cash at bank

Included within cash at bank is an amount of £8,839 (2023: £8,839) relating to the endowment funds, which cannot be spent due to the terms of the bequests.

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St John the Evangelist, Parish Church of Killyleagh Notes to the accounts For the year ended 31 December 2024

12. Analysis of net assets between funds

Represented by
Fixed assets
Investments
Loan debtor
Cash at bank		 Unrestricted
funds
Restricted
funds
Endowment
funds
Total
47,346
647,091
-
694,437
-
-
58,298
58,298
8,453
-
-
8,453
83,299
36,226
8,839
128,364
139,098
683,317
67,137
889,552

For the previous year:

Represented by
Fixed assets
Investments
Cash at bank		 Unrestricted
funds
Restricted
funds
Endowment
funds
Total
48,886
658,000
-
706,886
-
-
54,305
54,305
70,751
36,215
8,839
115,805
119,637
694,215
63,144
876,996

13. Related party transactions

During the year a loan was advanced to the priest in charge in the amount of £9,945, this is being repaid over 5 years and interest has been charged at commercial rate. At 31 December 2024 a balance of £8,453 was still owed.

There were no related party transactions with the trustees other than the priest in charger’s stipend, locomotory allowance and office allowance as detailed in note 8.

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