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 2025
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Charities Number: NIC103955
St. Mark’s Church
Annual report and financial statements for the year ended 31 December 2025
Contents
| Pages | |
|---|---|
| References and administrative details ofthe Charity | 1 |
| Trustees’ report | 2-5 |
| Independent Examiners Report to the Trustees | 6 |
| Receipts andpayments account | 7 |
| Statement ofassets and liabilities | 8 |
| Notestothefinancialstatements | 9-11 |
St. Mark’s Church
References and administrative details
Charity Name: St. Mark’s Church, Parish of Killylea Charity Registration Number: NIC103955 Contact Address: 154 Killylea Road, Armagh, BT60 4LN
Trustees Rev Bill Atkins Mrs Mabel Deering (appointed April 2025) Mr Nathan Hall (appointed April 2025) = Mrs. J. McCarragher Mr. A. Bloomer Mrs. H Steenson Mrs. T. Gillespie Mrs. H. Bloomer Mrs. R. Armstrong (resigned April 2025) Mr. Joe Linton Mr. G. Steenson Mr. P. Nugent Mrs. A. Nugent Mr. T. Morrow Mrs. J. Hale Mr. John Linton Mr. R. Huston (resigned April 2025) Mr. G. Beacom Mts. J. Bloomer
Principal Office-bearers
Rector: Rev. B. Atkins Church Treasurer: Mrs. C. Henderson Rector’s Church Warden: Mr. G Beacom People’s Church Warden: Mr. J Linton
Independent Examiner Ruddell & Company Chartered Accountants & Registered Auditors 16 Church Street Dungannon Co Tyrone Principal Bankers Bankers Danske Bank PO Box 183 Donegall Square West Belfast BT1 6JS
Principal Bankers Bankers
Page 1
Trustees’ Annual Report for the year ended 31 December 2025
The trustees present the annual report and statements of Receipts and Payments and Assets and Liabilities for St. Mark’s Church for the year ended 31 December 2025.
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 benefits 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 maintenance of which is undertaken by the select vestry of St. Mark’s Church.
Achievements, Performance & Public Benefit
St. Mark's Church has weekly services on Sunday mornings comprising of a mix of Holy Communion, Family Service/Baptism and Morning Prayer together with various other special 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 members 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.
In 2025 there were three baptisms, two funerals, two weddings and twelve in confirmation classes with a confirmation service held on 19 January 2025.
Page 2
Trustees’ Annual Report for the year ended 31 December 2025 (continued)
Financial Review
-
e The principal source of income of St. Mark’s Church continues to be from Donations and Plate Collections.
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e The principal expense of St. Mark’s Church is in respect of payments regarding Diocesan Costs/Assessment and church maintenance expenses.
-
e St. Mark’s Church had an excess of receipts over payments before other gains of £4,692.14 for the year ended 31 December 2025.
-
e St. Mark’s Church continues to be in a healthy financial state as at 31 December 2025 with total cash funds of £84,978.52.
-
e 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 2025 (continued)
Structure, 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 December 2025 can be signed off as a going concern.
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 ofSelect 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.
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 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.
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 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.
Compliance with Public Benefit
The Parish has given careful consideration to the Charity Commission 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.
Page 4
Trustees’ Annual Report for the year ended 31 December 2025 (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 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
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Trustee 1 Lovdipr| face. dias
Trustee 2 7 Y. ae
Date { s| 2, 2A
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Page 5
Independent Examiners Report to the Trustees of St. Mark’s Church, Parish of Killylea
Respective responsibilities 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 11, in accordance 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 required for this year but have requested that an independent examination be carried out. It is my responsibility to:
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e Examine the accounts
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e To follow the procedures laid down in the general directions given by the terms of our engagement and
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e 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 terms of our engagement and for no other purpose. We do not, 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 independent examiner’s statement
My examination was carried out in accordance with general directions given by the terms 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 explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently 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.
Independent examiner’s statement
In connection with my examination of the financial statements for the year ended 31 December 2025, no matter has come to my attention 1. which gives me reasonable cause to believe that, in any material respect, the requirements:
-
e to keep accounting records
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e to prepare accounts which accord with the accounting records and comply with accounting requirements
have not been met
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Ngo ferndedA Jonathan Ruddell For Ruddell & Company Chartered Accountants & Registered Auditors Dungannon iol yf2b
Page 6
Receipts and Payments Account for the year ended 31 December 2025
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|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Designated|Restricted|Total|Total|
|funds|funds|funds|funds|funds|
|2025|2025|2025|2025|2024|
|£|£|£|£|£|
|Receipts|
|Donations &|plate|collections|35,953.97|—|2,379.61|38,333.58|31,261.71|
|Legacies &|Bequests|=|—|—|a|—|
|Proceeds|from Fund Raising Events|—|—|—|—|—|
|Bank &|Deposit|interest|176.09|—|—|176.09|179.25|
|Investment|income|16,002.56|—|1,253.68|17,256.24|16,593.39|
|Rental|of premises|2,530.00|—|9,425.00|11,955.00|12,970.61|
|Other Receipts|3,107.27|—|—|3,107.27|791.96|
|Receipts|from|Parish|Organisations|—|—|—|—|—|
|Total Receipts|57,769.89|—|13,058.29|70,828.18|61,796.92|
|Payments|
|Diocesan|Costs/Assessment|34,827.18|—|—|34,827.18|33,260.08|
|Church &|Hall|Running|Costs|10,807.03|—|6,814.10|17,621.13|13,625.22|
|Glebe/Rectory|Costs|2,459.61|—~|—|2,459.61|1,154.89|
|Administrative|Costs|6,182.33|—|—|6,182.33|5,978.93|
|Fundraising|Costs|—|—-|—|—|—|
|‘Charitable|Donations|1,288.47|—|2,379.61|3,668.08|2,801.35|
|Other|695.37|—|682.34|1,377.71|1,816.49|
|Payments|from|Parish|Organisations|—|—|—|—|—|
|Total Payments|56,259.99|—|9,876.05|66,136.04|58,636.96|
|Excess|of receipts|
|over|payments|before transfer|1,509.90|—|3,182.24|4,692.14|3,159.96|
|Transfers|
|Gross|transfers|between|funds —|in|2,000.00|—|—|2,000.00|2,500.00|
|Gross|transfers|between|funds|-|out|(2,000.00)|—|—|(2,000.00)|(2,500.00)|
|Excess|of receipts|
|over payments|before|other|gains|1,509.90|—|3,182.24|4,692.14||3159.96|
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On Behalf of the Trustees
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Trustee 1 Gorclpn4 VaCotten
Trustee 2 J LY, Jen
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Page 7
Statement of Assets and Liabilities as at 31 December 2025
| Unrestricted | Designated | Restricted | |||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Total | Total | |
| 2025 | 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | £ | |
| Cash Funds | |||||
| DanskeNo | Account | 26,266.97 | - | - | 26,266.97 |
| Danske Building Fund | 934.24 | - | - | 934.24 | 475.78 |
| DanskeNo 2 C - Steele | - | - | 57,777.31 | 57,777.31 | 54,595.07 |
| C of I —Killylea Parish Inv | - | - | - | - | - |
| C ofI— Steele Farm Inv | - | - | - | - | - |
| Total Cash Funds | 27,201.21 | - | 57,777.31 | 84,978.52 | 80,286.38 |
| Glebe Lands/Farmland | - | - | 400,000.00 | 400,000.00 | 400,000.00 |
| RCB Investments | 188,259.00 | - | - | 188,259.00 | 172,830.00 |
| COI Trustees Investments | 412,005.21 | - | 45,836.01 | 457,841.22 | 446,524.42 |
| Other Listed Investments | - | - | - | - | - |
| Total Investment Assets | 600,264.21 | - | 445,836.01 | 1,046,100.22 | 1,019,354.42 |
| Assets retained for the | |||||
| Parish’s own use | |||||
| Glebe House/Rectory | 170,000.00 | - | - | 170,000.00 | 170,000.00 |
| Church Hall | 350,000.00 | 350,000.00 | 350,000.00 | ||
| Fixtures and Fittings | 3,000.00 | - | - | 3,000.00 | 3,000.00 |
| Total Assets retained for the | |||||
| Parish’s own use | 523,000.00 | - | - | 523,000.00 | 523,000.00 |
| TotalAssets | 1,150,465.42 | - | 503,613.32 | 1,654,078.74 | 1,622,640.80 |
On Behalf of the Trustees
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Trustee 2 ‘| VV. /A.
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Page 8
Notes to the financial statements for the year ended 31 December 2025
- 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 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 retainedfor the Parish’s own use
The assets of the Parish, retained for its own use comprise:-
-
e Church Building and Graveyard
-
e Church Hall e Glebe House/Rectory e Fixtures and fittings
The Church Building and Graveyard 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 the estimated net realisable value of the property. No depreciation has been provided on the church hall as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years.
The Glebe House/Rectory is recognised at the estimated net realisable value of the property. No depreciation has been provided on the glebe house/rectory as the current estimated residual value 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 straight 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.
ii) Investments
Fixed asset investments comprising Glebe Lands/Farmland, Representative Church Body (RCB) Investments, Church of Ireland (COD) Trustees Investments and Other Listed Investments 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 31 December 2025(continued)
2. Reconciliation of Cash Funds
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||||||||
|---|---|---|---|---|---|---|
|£|
|Total|Cash|Funds|at Beginning|of the|year|80,286.38|
|Receipts|for the|Year|70,828.18|
|Payments|for|the|Year|(66,136.04)|
|Total|Cash Funds|at|end|of the|year|£84,978.52|
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3. Movement in Funds
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|---|---|---|---|---|---|---|---|---|
|At1|Jan|Incoming|Outgoing|Investment|At 31|Dec|
|2025|Resources|Resources|Transfers|Gain/(Loss)|2025|
|£|£|£|£|£|£|
|Endowment|funds|-|-|-|-|-|-|
|Restricted|funds|
|Danske No|2|Account|(Steele)|54,595.07|10,678.68|(7,496.44)|:|57,777.31|
|54,595.07|10,678.68|(7,496.44)|:|:|57,777.31|
|Unrestricted|funds|
|Danske No|1|Account|25,215.53|58,293.41|(55,241.97)|(2,000.00)|26,266.97|
|Danske|Building|Fund|475.78|1,856.09|(3,397.63)|2,000.00|-|934.24|
|25,691.31|60,149.50|__ (58,639.60)|-|-|27,201.21|
|Total|funds|80,286.38|70,828.18|(66,136.04)|-|-|84,978.52|
|Collections|for|Third|Parties|
|£|
|Royal|British|Legion|160.06|
|Southern Area Hospice|190.00|
|RBP|No|26|46.75|
|Killylea LOL|321.33|
|Northern|Ireland|Children’s|Hospice|378.80|
|Simon|Community|119.95|
|Ministry|Training|Fund|S17.72|
|Tannaghhill LOL|Anniversary|Service|845.00|
|2,379.61|
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4. Collections for Third Parties
The above amounts have been included in Receipts for the Year under “Donations & plate collections”. The full amount of £2,379.61 was paid out during the year and has been included in Payments for the year under “Charitable Donations”.
Page 10
Notes to the financial statements for the year ended 31 December 2025 (continued)
5. Transactions with the Trustees
The parish paid expenses of £2,459.61 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 £690.00 were incurred during the year which solely relate to fees paid to the independent examiner. Governance costs are included within Administrative Costs in the Receipts and Payments Accounts.
Page 11