St. Mark)s Church
Parish of Killylea
Trustees, Annual report and Statement of Receipts and
Payments and Assets and Liabilities
For the year ended 31 December 2023
Charities Number: NIC103955

St. Mark's Church
Annual report and financial statements for the year ended 31 December 2023
Contents
Pages
References and administrative d¢tails of thc Charity
Trustees, report
Independent Examiners Report to the Trustees
Receipts and payments account
Statement of assets and liabilities
Notes to the financial statements
9- 11

St. Mark's Church
References and administrative details
Charity Name:
Charity Registration Number:
Contact Address".
St. Mark:s Church, Parish of Killylca
NIC103955
154 Killylea Road, Arniagh, BT60 4LN
Trustees
Mr. A. Bloomer
Mrs. C. Henderson
Mrs. R. Arnistrong
Mrs. E Gillespie
Mrs. A. Nugent
Mr. G. Steenson
Mr. G. Beacon
Mrs. J. Hale
Mrs. H Steenson
Mrs. H. Bloomer
Mr. Joe Linton
Mr. P. Nugent
Mr. T. Morrow
Mr. S. Parkes (Resigned April 2023)
Mrs. T. Gillespie
Mr. John Linton
R Huston (Appointed April 2023)
Principal Office-bearers
Rector:
Church Treasurer:
Rector's Church Warden:
People's Church Warden".
Rev. B. Atkins
Mrs. C. H¢nderson
Mr. G Beacom
Mr. J LÈnton
Independent Examiner
Ruddell & Company
Chartered Accountants & Registered Auditors
16 Church Street
Dungannon
Co Tyrone
Principal Bankers
Danske Bank
POBOX 183
Donegall Square West
Belfast
BTI 6JS
Page I

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 St. Mark's Church for thc year ended 31 December 2023.
Objectives and Activities
The charitable purpose of the Church of Ireland is the advancement of religion.
The principal function of St. Mark's Church is to support the advancement of the Christian religion by
promoting, through the work of St. Mark's 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 b¢nefits of Christianity.
As a result of activity in the pursuit of the advancement of the Christian religion, St. Mark's Church
has custody of property and of records: materials and artefacts of significance to the cultural and
religious heritage and maintenancc of which is undertaken by the select vestry of St. Mark's Church.
Achievements, Performance & Public Beneflt
St. Mark's Church has weekly services on Sunday mornings comprising of a mix of Holy
Communion; Family ServicelBaptism and Morning Prayer together with various other spectal services
during the year e.g. Lenten services, Holy Week services, Harvest Thanksgiving services, Advent and
Christmas Carol services. Pastoral care is also provided, visiting the sick, housebound and hospitalised
A number of membcrs of St. Mark's Church serve on the Board of Governors of the local Controlled
Primary School and support and encourage the work of the school helping to maintain good standards
and practices.
Page 2

Trustees, Annual Report for the year ended 31 December 2023 (continued)
Financial Review
The principal source of income of St. Mark's Church continues to be from Donations and Plate
Collections.
The principal expense of St. Mark s Church is in respect of payments regarding Diocesan
Costs/Assessm¢nt and church maintenance expenses.
St. Mark's Church had an excess of receipts over payments before other gains of £610.93 for
the year ended 31 December 2023.
St. Mark's Church continues to be in a healthy financial state as at 31 December 2023 with
total cash ￿ndS of £77.126.42.
St. Mark's Church aims to retain sufficient reserves to meet its expected future expenditure
requirements as well as potential future capital projects.
Page 3

Trustees, Annual Report for the year ended 31 December 2023 (continued)
Strlleture, Governance and Management
Going Concern
The trustees have reviewed its planned expenditure for the year ahead and 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 D¢c¢mber 2023 can be signed off as a going concern.
Governing Document and Conshlution ofthe 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 andAppointmenl olselecl Vestry (Truslees)
All members of the Church of Ireland who are over the age of 18 and are cither 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 vesty 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 el¢cted as part of this General Vestry
meeting. The Select Vestry will hold their positions for a period of one year. Select Vestry members
may b¢ re-elected annually and there is no limit on the number of tern]s which may be served.
Organisational Slruclure
Th¢ select vestry is responsible for the day to day management of the parish. The select vestry
consists of the member of the clergy serving in the parish: the churchwardens, the glebe wardens and
generally not more than twelve other members of the general vesty ¢l¢cted at thc General Vestry.
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 matters of g¢neral 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 b¢ convened at any time by the chairperson or the churchwardens.
Compliance with Public Benefit
The Parish has given careful consideration to the Charity Commission lor North¢rn Ireland's guidance
on public b¢n¢fit to ensurc that the activ¢s entered into during the year have helped to achieve the
Parish's objectives and activities, as well as providing public benefit.
Page 4

Trustees, Annual Report for the year ended 31 December 2023 (continued)
Statement of Trustees, Responsibilities
The trustees are responsible for preparing the Trustees, Report and the statement of receipts and
payments and 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 keeplng accounting records that are sutricient to show and explain the
Parish's transactions and disclose with reasonable accuracy at any time the assets and liabilÈtÈes 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
Trustee I
Trustee 2
Date
LS
l-OL6
Page 5

Independent Examiners Report to the Trustees of St. Mark's Church, Parish of
Killylea
Res
ective res
onsibilities of the trustees and examiner
The charity's trustees responsibility for the preparation of the trustees report and the accounts: as set
out on pages 2 to I I, in accordanc¢ with applicable Northern Irish law and the accounting standards
issued by the Accounting Standards Board and published by The Institute of Chartered Accountants in
Ireland (Generally Accepted Accounting Practice in Northern Ireland) are set out in the Statement of
Directors, Responsibilities on page 5. The charity's trustees consider that an audit is not requircd for
this year but have requested that an independ¢nt examination be carried out.
It is my responsibRlity to:
Examine the accounts
To follow the procedures laid down in the general directions given by the tenns of our
engagement and
To state whether particular matters have come to my attention.
This report: including the statement: has been prepared for and only for the charity" s trustees as a body
in accordance with the tenns of our engagement and for no other purpose. We do noL in giving this
statement, accept or assume responsibility for any other purpose or to any other person to whom this
report is shown or into whose hands it may come save where expressly agreed by our prior consent in
writing.
Basis of inde
endent examiner's statement
My examination was carried out in accordance with general directions given by the ternis of our
engagement. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented within those records. It also includes consideration of any
unusual items or disclosures within the accounts. and seeking explanattons from the trustees
concerning any such matters. The procedures undertak¢n do not pr()vide all the evidence that would be
required in an audit, and conscqucntly no opinion is given as to whether the accounts provide a 'true
and fair, view and the report is limited to those matters set out in the statement below.
Inde
endent examiner's statement
In connection with my examination of th¢ financial statements for the year ended 31 December 2023,
no matter has come to my attention
which gives me reasonabl¢ cause to believe that, in any material respect, the requirements:
to keep accounting records
to prepare accounts which accord with the accounttng records and comply with
accounting requirements
have not been met
2. to which. in my opinion, attention should be drawn in order to enable a proper understanding
of the accounts to be reached.
Jonathan Ruddell
For Ruddell & Company
Chartered Accountants & Registered Auditors
Dungannon
April 2024
Page 6

Reeeipts and Payments Account for the year ended 31 December 2023
Unrestrieted Designated R¢strieted
funds
funds
funds
2023
2023
2023
Total
funds
2023
Total
funds
2022
Receipts
Donations & plate collections
Legacies & Bequests
Proceeds from Fund Raising Events
Bank & Deposit interest
Investment income
Rental of premises
Other Receipts
Receipts from Parish Organisations
Total Receipts
26,017.84
2,947.46 28,965.JO 31,640.57
5,197.21
180.26
14,869.88
2,005.00
2.120.93
5,197.21 3,545.10
180.26
169.54
1,193.98 16,06i.86 17,109.85
9,300.00 11.305.00 11,260.00
2.120.93
2.193.93
50,391.12
13,441.44 63,832.56 65,918.99
Payments
Diocesan CostslAssessment
Church & Hall Running Costs
Glebe/Rectory Costs
Adtninistrative Costs
Fundraising Costs
Charitable Donations
Other
Payments from Parish Organisations
Total Payments
31,567.17
12,944.81
1,139.03
6,085.17
I,J68.14
2,536.65
601.29
31,567.17 28,632.67
12,944.81 13,269.68
1,139.03
848.27
6,085.17
5,969.15
1.368.14
9?0.98
2,947.46 5,484.11 3,902.90
4,031.91
4,6J).20 4,248.91
56,24226
6,979.37 63,221.63 57,792.56
Excess of reeeipts
over payments before transfer
(5,851.14)
6,462.07
610.93 8,126.43
TransJers
Gross transfers between funds- in
Gross transfers between funds - out
).500.00
3.500.00
3,500.00 5,941.15
3 500.00
5 941.15
Excess of receipts
over payments before other gains
On Behalf of the Trustees
Trustee I
Trustee 2
Page 7

Statement of Assets and Liabilities as at 31 December 2023
Unrestrieted Designated Restritted
Funds
Funds
Fuuds
2023
2023
2023
Total
2023
Total
2022
Cash Funds
Danske No l Account
Danske Building Fund
Danske No 2 C- Steele
C of l - Killylea Parish Inv
C of l- Steel¢ Farm Inv
Total Cash Funds
31,477.64
413.06
31.477.64
413.06
45,235.72
37,299.99
441.85
38,377.65
45,235.72
31,890.70
45235.72
77,126.42
76515.49
Glebe Land51Familand
RCB Investments
Col Trustes Investments
Other Listed Jnvestments
Total Investment Assets
400,000.00
400,000.00
169.681.00
407.280.05
400,000.00
164.7J5.00
389.24?.96
169,681.00
366.506.24
40,773.81
536,187.24
440,773.81
976,961.05
953,977.96
Assets retained for the
Parisb's own vse
Glebe HouselRectory
Church Hall
Fixtures and Fittings
Total Assets retained for the
Parish's own use
170,000.00
350.000.00
3,000.00
170,000.00
350.000.00
3,000.00
170,000.00
350.000.00
3,000.00
523,000.00
523,000.00
523,000.00
Total AssÈÉs
1,091,077.94
486,009.53
1,577,087.47 1,553,493.45
On Behalf of tbe Trustees
Trustee I
Trustee 2
LJC
Page 8

Notes to the financial statements for the year ended 31 December 2023
l. Accounting policies
Set out below are the principal accounting policies which have been adopted in the compilation of the
Receipts and Payments Account and the Statement of Assets and Liabilities
(a) Receipts and Payments Account
All items of income and ¢xpenditure included within the Receipts and Payments Account have
been accounted for on a cash receipts basts.
(b) Staten)ent of Assets and Liabilities
(i) Assels retainedfor the Parish's own use
The assets of the Parish: retained for its own use comprise:_
Church Building and Graveyard
Church Hall
Gl¢be House/Rectory
Fixtures and fittings
The Church Building and Graveyard are deemed to be Heritage assets as defined by the
Charities SORP (FRSI 02). These Heritage assets are not included in the statement of assets
and liabilities as inforniation on the cost or valuation is not available and such infonnation
cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to
the parish.
The Church Hall is recoonised at the estimated net realisabEe value of the property. No
depreciation has been provided on the church hall as th¢ current estimated residual value is not
less than its carrying value and the remaining useful life currently exceeds 50 years.
Th¢ Gl¢be House/Rectory is recognised at th¢ cstimated net realisable value of the property.
' No depreciation has been provided on the glebe houselrectory as the current estimated residual
valu¢ is not less than its carrying value and the remaining useful life currently exceeds 50
years.
Fixtures and Fittings are recognised at cost and are depreciated on a straioht line basis over a
period of 5 years. The church has set a minimum threshold of cost for an item of £500 for it to
be considered to be capitalised as a fixed asset.
li) Investments
Fixed asset investments comprising Glebe Lands/Farniland, Representative Church Body
(RCB) Investments, Church of Ireland (COI) Trustees Investments and Other Listed
Inv¢stments are initially recorded at cost and are then subsequently stated at fair value at each
year end date.
Page 9

Notes to the financial statements for the year ended 31st December 2023
(continued)
2. Reconciliation of Cash Funds
Totsl Cash Funds at Beginning of the year
Recetpts for the Year
Payments for the Year
Total Cash Funds at end of the year
76,515.49
63.832.56
(63,221.6J)
£77,126.42
3. Movement in Funds
.It I Jgn
2023
Incoming
Resourcv
Olltgoing
Resourees
IDI'estment
GaiDI{Lo$s)
At31 Dee
2023
Transfers
ERdowment funds
Restricted hnds
Dan5ke No 2 Ac¢ount (Steele)
38.773.65
38.773.6i
10.493.98
10.493.98
{4.031.91)
(4.031.91)
45.235.72
4j.?35.72
Unrestritted funds
Danske No l Account
Dansk¢ Building Fund
37.299.99
441.85
37.741.84
51.953.32
l.J85.26
5i.J38.58
(54.275.67}
14.914.05)
159.189.72)
{3.500.00)
3.500.00
31.477.64
413.06
31.890.70
Total f￿ndS
76.515.49
6i.832.56
16J.221.63)
77.126.4?
4. Collections for Third Parties
Royal British Legion
Southem Area Hospice
RBP No 26
Killylea LOL - LEMOS
Guides - Anniversary Service
Junior LOL
Northern Ireland Childrens Hospice
Simon Community
212.00
245.00
189.50
420.51
484.25
534.10
330.10
110.00
2,525.46
The above amounts have been included in Receipts for the Year under "Donations & plate
collections" The full amount of £2,525.46 was paid out during the year and has be¢n included in
Payments for the year under "Charitable Donations"
Page 10

Notes to the financial statements for the year ended 31 December 2023 (continued)
5. Transactions Ivith the Trustees
The parish paid expenses of £1,139.03 during the year relating to the running costs of the glebe
house/rectory which is occupied by the rector during the period of the rector's occupancy of it.
6. Governance Costs
Governance costs of £660.00 were incurred during the year which solely relate to fees paid to the
independent examiner. Govemanc¢ costs are incliided within Administrative Costs in the Receipts and
Payments Accounts.
Pagell