Charity Commisslon for Nl Reglstratlon Number: NIC104084 Portadown/Kilmore/St Aidan's/Armagh/Church of Ireland St Aidan's Kilmore Parish Report and Financial statements for the year ended 31st December 2018
Portad(n/KIImoreI$1 Aidarfs/Amiagh/Church of Ireland Flnanclal Statements rthe ear ended 31st Decem r 2018 Pa8•151 Charlty Infortnatlon Tru5tee5' Report Independent Examiner's RepK)rt Stateffteftt of Income and Expendlture Statement of Assets and Liabllllie5 (Balan Sheet) Mote5 to rhe Financial statements 8-12 WIOI PA8e l of12
Portadown/Kllmore/St Aldan's/ArmaghlChurch of Ireland Flnanclal Staternents for the ear ended 31st December 2018 IornIat10 EFÈREpJce AND ADMINISTRATIVE INFORMATION th•rfty 14ame Portadown1KilrTre/St Aklan's/ArmaghlChurchof Ireland Contact Address 38 VKarage Road Portadown Co Arnkeh T62 4HF Trustees Kenneth Bell Allsoh Beiry GordoTr Brown (4therine Creale¥ John CreaV Rosemary tJiffi"n Anne Glass l¥an Glass Audrey Hampto DavSd HerKlerson Graharn Maso John Matchett Edfth M¢Adèms Margèret Robinson Bfian Sandlord Lesley Smylie Shelè8h Wintsi hKENT INFORMATION Office Bearers Pev Rosemary Drffin... BriaTr ndfr)rd................ HONORARY SECRETARY Audrey HamptorL............ HONORARY TREA5VRER John Crealey.. . ASSISTANTTREASURER Iv3nGlass...................... INCOMETREASURER Shelagh Winter................ GIFT SECR ARy ShÈlaEh Winter.... CHURCH WARDEN- CLERGY John Matcht........._...... CHURCH WARDEN. PEOPLE OTHER INFORMATIOF4 Reporting Accountant DmOnd & Skilfen Slnttslr House 891101 Royal Avenue 8tlfa5t BTJ IFE Bankers Uter Bank Limlied 20 High Street Portadown BT62 IHU I lj41111(11111 Pdge 2 J2 athi Brj I
Portadown/Kllmore/St Aidan's/Armagh/Church of Ireland Finandal Statements for the ear ended 1st Dernber 2018 Trustees'Anrwal Repwt fortheyear eIed 315t Dember 2018 The TrStee$ present thÈ Annual Report, StaleMer of fteceipts and Payments and Assets and Liabilitres for St Aldan's Kilmore Parish for the year ended 31st December 2018. ObAve$ and Adlvities The Charitsble purpDse of the Church of Iland is the èdvancemÈrtt of Tellgion. The princtple lurtion of St Aidan's Kilmoie Parlsh Is to 5UPPOrt the a6vancerynt ot the Chiistlan rell¥ion by promotiw through the work of St Aidan'5 Kilmore ParSsh, the whok mission of the Church, rAStoral. evangelistk. sOCI81 and ecumeni(al. Belne open to and engaging wlth Society as a Who and offerlng sUprt for those needing help are fundatnental to the prattKal delfvery of rhe benefits of Chrlstianity. A5 3 result of actlvity in the wJrSLllt of the advantement ol Christhin relion, St Aidan's Kilre Parish has custody of property and records. materia15 and artefacts of significae to the cuttvral and 1vouS herftage. maintenance of whieh is unijertaken by the 5Èlect Vestry cif St Aidan's Kllmore Parlsh. A£hlevment4 PerFomwcé & Publk 8enefft The Parish has weekly services on ftday mormirw and evellir comprising of a fflix of Holy Communion. Family 5ewlCe/B3ptrn and Sunday School tOEether wEth various orher 5pecFal rvKes during the year e.g. Lent Serv5. Halvest and Chrlstm85 Servlces. Blble Fellowship Meetlng5 are held on the 1st & 3rd Wednesday of each month. Pastoral Care f5 8150 provided, A ran8e ol activitie5 are also provtded by St Aidan'5 Kllmore Parish the Church directty or through variou$ 0186nisations e.g. Church Lads. Brigade, Church Girfs. Bdgade. IBnite Youth Felkjwship. Mothers Unlon. Senioi Crtiien5 Thtsrsday Fflendshlp Gioup Bowling Club and Craft Class. St Aldan's Kilmore Parlsh has migrated any potential harrn from other attivltie5 through the IMpmentatIon of the Chur¢h of Ire18nd Policy on Safeguarding Trust. The P3rish has glven careful cofjsideration to thÈ Charity Comfflis5ion for Northern Ireland5 guidan on wblic beneflt to ens11 that the activitles enteied Into during the year havp helped io achve both the Partsh'5 objÈttives and the implementation of public beTreftt. Finand¥l Review The income into tho Parish from varlou5 soiirce5 was £60,505 wrth outEolngs of £57.7Q3 gNir.g a Surplus Of £2,796. The bank and c3sh In hakKI balan as at 31st De£ernbei 2018 was [54,360. It is the Trustees. Policy to hold SUfflent reserves to covey nexpected emergencles. to enhance funds to pay for lure malnteTrance to the Church and grounds to frther the Objectfve5 and Attivitie5 of the Church of Ireland. 601ry CortCErn The frustees have ieviewed the iyJdgets foi the year ahead and are 5ati5fied that there are attequate funds in place to ensure that the Parlsh can contlTrue its attNitie5 and the finan¢rdl ststemeBts for the year ended 315t Decernr 2018 can be signed off a5 3 going conrn. STRUCYURE GOVER14AP4CE AND MANAGEMENT Governlng DocumÈrht and Constitutlon al the Ch•rfty Chzpter111 of the Constitut of the Church of Ireland governs Parishe5 and Parochk?l OrganisJtion. The Select Vesiry mernbeis are thè Chailty Trts5tee5. Retrnitment Ind Appolntment of Selettvestry ITfUSteesl All members of the Church of Ireland who are ovÈr the age of 18 atMI are erther re5rdent wlthiTr the Parish or live elsewhere but have been Jccustvmed members of tlE wnyE8Ollun for at leart thTec mumhs. may Trylster as membEf5 of the Geneyal V25try and Stand for election to the Selert Vestry. Meetin85 of General Vestry are lld at katt once a year. The SElect Vestry is elÈcted as pari ol this General Vestry meeting. The 5elert Vestry will F#)kl theif W$)n5 for a period of o#e year. select VÈstry members m8y be re-elÈtted anntsally and there 15 no lirnrt on the numberof terms whEh may be sef¥ed. Pay and Rem¥neration The Rev Diffin reIVeS a stlpend, ofke and l(Komott>ry all(IwarKes In acLY)rdancÈ with figu5 approved by the General Synod of the Chufch of Ireland in 2018. SincknT1kn5y, 891101 Fw&Avty¢ Puge.4 of 12
Portadown/Kllmore/St Aldan'slArn)agh/Church of Ireland Flnancial Statements for the ear ended 31st December 2018 TrU$e5. Repxt fth the year ended 31st December 2018 {cont'd} Or88nlsatSonal Structwe The Select Vestry is responsible for ihÈ day to day management of the parh. The Select Vestry ¢ornprtses a member of the Clerey serving In the Pèrish, the Church wardens, the Glebe wardens and generalty no more than twe other members of the Generdl Vestry elerted at the General VÈstry rneeting. The Selected Vestry is choiTed ty the mernber of (TgY offK¢aiinE in the Parish. Select Vestry rnernbers ale respDn5ible for makin decisions on TTh3tters of general £onTrrn arKt imwrtano to Ihe Pa[h IlUdIn8 on decidiThd how Pbrlsh funds 8fe to be apld. The TreaSrer re5ponslble for the CuryeDt Accouni and the BuilthnE Funds. The Select Vestry meets at tirn red by ttsett or by the DIesan Synod. 5Cial Meetings may be convened at any time by the ChaltpeTson or Church Wardens. Comp1[an with publ Benefit The Parish ha5 givÈn careful conslderation trj the Chartty Commi%sion frjr NorthÈrn IrelanLY5 guidance on publTC nefIt to ensure that the actwttles entered Into during year have helpÈd to achieve the Parish's objective5 and attwities, as well as PTovidlng public bpnelit. As detailed on thi% page. stoiement of TN$tees' Re5ponsibllFtles ThÈ Trustees 8re rwponslble for prerIng the Trustees. Rew>rL ststernent of Receipts and Payments and Statement of Assets nd Lk4bllitie5 In aCCordae with applicab kw and regulations. The18W 8ppllcabl2 io Charrties NoitheTn Ireland wrth Income less than £250.(W rewlres the Trustees to ppare a Statetnent of Receipt5 and Payments and a Statement of Asset5 and tiabilitles for each financial year. The TrvsÈÈs are resptsnsib5e for keepiy accounting recoros th71 are sufft to show and explain Parish's trdns3Cth)ns and i5rlose with reasonable accu¥acy at any time the a55ets and Ikibiltt5 of the Parish. ThÈy are a150 responsible for safe8uardlng the assets of the P?Fi5h and hence foi taking reasonable sleps for the pre¥entlon )n(f detectKJn of fraud antj other Irregvlarrtles. INDEPEPIDENT exAMINERS Diamond & Skillen Chartered AccountarTrts were appointed as the Iharlts indEpendent exaNnIvS. Sl8ned on Ixhalf of th•TN5tee R05emèry Diffin Shelagh Wlnter Date.. 26th 2019 Puge 4 rJf12 bTI IFF.
Portadown/Kllmore/St Aidan's/Armagh/Church of Ifeland Financial Statements f the ear ended 31st December 2018 Indèpendent ExamSWs Report to the TNstee5 ofst Aldan'5 Kllmore Parlsh Church I report or> the financial 5taternents of the chariiy lorthe yeaT ertded 31st December 20J8. which are set out Dn page$ 3 to 12. Réspertlve responsibilities of trustees andexamk The Oflice Bearers are re5ponslble for the wepar4tn of accounts. They COfiSKler that an audit 15 not requlrEd lor this year under se£tion 65131 of the Chart$ Act INortFEfTr Ireland) 2CI)8. They also consider that an independent examiner's pOrt Is required for th15 year uTrder section 65141 of Char[t5 Att INorthern Irelandl 2(M)8. The charity's gr05s intome does exceed £5tX).(MK) and l qualtfEd to undethke the exarftrnation by belng a qualified member of The Institute of Charted Accountants in Ireland. Havlng satisfied myself that the charity15 )1 wbieLt to audrt ¢Jnder cornpany Jaw afid ts el4g1b for Independent examlnation, tt Is my re5ponsibillty to". • examrt* the accounts under 5e£tion 65 of tb.e Chartries Att (Northern l¥elandl 2(M)8-ond • to follow the procedures laid down in the general DirecbDnsgrven by Charlty Cornmission for Northern IrÈland.'und to state whether particular matter5 kve come to rtrry attentlon. 8•515 of Independent examlnerfs report My exa1n1nark) wa5 carried out in accordance wfth the general Directtons g4ven by th& Charty Commission for Northern Ireland. An examination includes a review of the accountSng record5 kept by the charrty and a cotnparlson of the aCcoUts presented with those records. It also includes CDnsiileYaVon of any unusual items or olsclosures ifj the accL)unts. arkd seeking Éxpl4nation5 ffoffl yo as trustees COnrnIng any such matters. The procedures undertaken do not provide all the evidence that would required in an audlt and ccn3equently no opinlon 15 given as tv whethe,- the accounts present a tnAe and fair view. and th& repLVt 15 Ilrnlted to those mattets set out in the statement below. lThdependeni É¥amlwls statement The chartty's gr055 iTrEorne in the year was £fA),50512017-. E51.2961. In connection With my examination, no rnatter has corne to my attention= Ill vthich ge5 me reasonabk cause to belw that in any maierK31 respert the iequirements= to keep accountlng records in aicordènce wltfv Charrrie5 Act (Northern Ireland) 2008.'untl to prepare accoufits which actord v4ith the a£covntlll8 Ytrords, comth with the accot58 re9ulYemÈnts of Part 8 of the CharltiÈs Att INorth@rn Irelèndl 2008 and, where apolicable. secmon 396 of the Ctsmpanie5 Act 2(h)6 aftd with the mÈthods and prlnciples Df the Statsfftnt of Recomtnended Pr£ttice.' Accountin8 and Reporting ty Charities have not been t,.0T 121 to ¥vhich, In my opinion, attention should be drawn in ordeT to enabk a proper understanding of the accounts to be reached. Nrgel V SlIen FCA Diarnond & Skillen Fellow irf the In5tltute of Chartered Accountsnts in Ireland Sinclalr House 891101 Royal Avenue Bella5t BTI IFE I lj¢lllli)11{l Poxe Sof 12 pth ¥ri i.
Portadown/Kilmore/St Aidan's/Armagh/Churth ot Ireland FlnaTrclal Staternents for the ar ended 31st December 2018 SlatemÈrrt of IrKorne and Expendftwre IReolpts and Pa¥Trts Accountl fow the Ye eth 31st DenIr 2018 Totsls 2017 Fund5 ffurH55 ftsnd5 RECEIPTS from donotlom andlegocles Grants and Donatlons 28,051 28051 24,332 fr•m druritoble Special collections 5261 5.261 3,704 from Ot1 ortivltles Glft Ald tax refvnded Other Income 1.457 24.821 1,457 25.576 6.567 17,191 755 Irorn investfflents Invetttnent Income T41 IOme 102 58 160 132 59.692 813 60.505 51,926 PAYMENIS rjn rolslpglunds provtron31 £osts on drItble ortiWtIts Prerni5es & insurance cts Dkxesan A55essment fjeneral 2dminlstrilion cost5 Prograrnme costs 23,739 17.778 23.739 17.778 48,826 376 3,959 7.333 7,623 on o¢herltems Legal and professional fee5 Other expenses fotgp eJEpeJ%dlture 297 53 350 3,348 50.027 343 50,370 56,509 Net Incomèl lexpendFturnl for th¢ yea¥ DewÈ¢lètian Translers between funds (Dlmifjutionl in fail value of instments NÈt movernent In fund$ for year 9.665 470 10.135 14.5831 12501 li 17,3391 17,3391 17339 9,915 220 14,5831 Re¢OR¢irtlott 91fv*7ds Fund balances b/f at 1st January Fund balance$ clf at 31$t December 189,794 9.431 228.766 427.991 452.142 199.709 9.651 221,427 430,787 447,559 The 5tstement of Incoll and expenditure irKlude5 all reteipts aThd paymÈnts ITr the year. All receipt5 and payrnents derive from continuing activhie5. The notes on pages 8 to 12 forrn part af these hnanoal statements. I li'iiii(Iiiil S..191101 WAVELT Puge O of12
Portadown/Kilmore/St Aidan's/Amiagh/thurth of Ireland Finan al Statements for th ear ended 31st December 2018 ststemtnt of Assets and Liabillttes IBalance Sheet) a5 at 31st Decembei 2018 rotsis 2017 Notes 20 140W CURREP4T ASSETS Tangiblè assets io 155.000 Is5.)0 Iss.0 155,IX)D INVEST14qEKIS Investments 221.427 221A27 228,766 228.766 CURRENT ASSErs Cash and cash equwalents 12 54.360 54360 44,225 44,225 PAYAaLES'. a1utS falling due wtthin one year NETCURRENT ASSETS 54360 TOTAL ASSETS LESS CURRÉNT UAeiLITIES 44,225 430,787 427,991 THE FUNDS OF THE CHARITY Unre5trirtedyncomefvnds.' Gener31 fund5 16 199,709 189,794 Re5trIrtedlNomelunA. Hill Organ Fund aowling Club Fund 16 16 8,166 8,108 1,323 Endowmertfvnd5.' Endowment Fund 16 221,427 228,766 Total fufids 430,787 427,991 The llDtes on page$ 8 to 12 form part of these ftnanctal Sfatements. The financlal ststents on pa8es 3 to 12 were èpproved by the Select Vestry on 2L J1wE Zoll and si8ned on their be11 by.. Rev Rosemary Dllfln Trustee ShelaBh nter Trustee Page 7 of J2 bTI
PortadownlKilmore/St Aidan'5/Amiagh/Church of Ireland Flnancial Staternents for the e8r ended 31st Dernber 2018 Notes lormh¥ part of the Flnarthl stateThts10I the year ended 315t Drfember 2018 Ac£ountlng Policjes The principal accounting kKIle$ adopted judeements and key sources of estirn8tSDn uncertalnty in tho preparation ol the nancial 5tstements are a5 follows.. ststenwrt d ¢ornpllarKe These account5 have been prepaTed on the Receipts & Payments basis in accordarKe with thp The Charlties IAccoutrts and Report51 Regulations INorthern Irelandl 2015. St Aidan's Kilrnore Parh Church meets definitson of a wblic bÈnefit entity under FRS102. A%sets and liabllltie5 arÈ initlally recognised at historKal cosi or transaction value unle55 Otherwise stated in the relevant notEI51. Preparation ol the acuurrts ort 8 eoln% wrKem bas The Trustee's policy Is to undertake ongorn8 Te¥ of tf 'GOI ConEeTn' status of the chartty, taklnE note af the organisation's reserves policy anLI prolected avaltY of funds to @nab the orEantsation to fvlfil its respon5ibllltie5. A statement on the outcome of the ongoing ievlew is given at note 15 on page 12. Recelpts and Pawnents Actijunt All items of revenue and expenditure are reco8ni%ed and Included in the accounts on a CdSh basi5. Inter•st received Interest on funds held on dep05It irKluOed when r[ve. Fund a¢countlThd Vnrestricted fund5 are general funds which ale available for use at the discrÈtion ol the Trustees In furtheraoce of the gener81 objertives of the chairty and whth have not been de5rgnated lor oth81 ptsrposes. The fund comprises th 31curnulated surpluses &nd defKits ol unTestrtted iocome and expenditure. R•strFtied fund5 are ftsnds whh are to be Ltsed in 3ctorthrÈ wtth sreC[F re5trKtion5 imposed by donor5 or which have been ralsed by the charity for particulaf pvrpk)ses. ThE costs of adMInterIng such funds are thoT6es a8alnst the specih'c fund. The Jim arjd use of each resrricted fund 1$ Set out in the notes to the financial 5tatefflents. Endowment éunds èle funds. the capital of ich must be retained either p@rm6nently or at the tru5tees' discretlon,. the Income derived from the endowrnert 15 10 be used ettfv.er as restrtcted or unr5tricted incorr funds Ilepending upon the P4Jrpose lor whKh the endowmer>t W?5 estsblished in the first pla. Imiestment Income and 8alns are alkrated to the approprL3te fvnd. tdoh Current Assets (Flxed A$5etsl xed Assets 3re stated at Cost 5S jccumuted depreclation. The rosts of mimr aijditions or tha5e COSiin8 below £2,500 are not capit3lised. Depreciatron Is piovided at rates calcuted to Wte off the tost Jess re5idL431 value of each è55et ovei Its expected usefvl lrfe. The estimated Inie5 aiÈ shown bek>w-. nd....,. IndefiTrf(e Building&. Furniture, fTe$ and equipment. . 50 years 10 years Re£ehables rrade, other receivables arKI prepayrnents are not reco8ni5e(f as the actouftts are prepared on a Receipts and Payment5 basi5. sh Equl¥eler Cash and cash eouivalents includes bank dep05iis. cash and short terrn hl&h.* Iiqltid investmÈnts 3 short rnaturity of th( rnonths or le55 from ihe dale of acqUrtIon or opÈnin8 of the deFQStt or 5imllaf account. Payables provislons Payibles and provisK)n5 are not recogntsedas ihe accounts are prepared a Recelpts and Payments basts. Le¢ statu5 of the rharlty st Aidan's Kilmore Parish Is a tharity regte in Northem Irelafid no.NlCII)4(184. PaRvJof l• tym trri IE
Portadown/Kilmore/St Aldan's/ArniaghlChurch of Ireland Financlal Statements for the ear en ed 31st December 2018 Note5 formiw part c+ the FInKI Statements for theyear ended 31st Detember 2018 Icont'dl INCOME Unre5trthd Restricd EnIk)nt Tot$ Funds fvnds funds T0ts15 2017 Frèewill Offerings Plate Collections Other Donatlon5 [¢1 Memoriam from ¢hothble octlvltlt&' Sp@cl31 Collertions Tree Fes¢hal Stew Lunch from otherodlwties.. Gift Ald tax refunded Other income RCB Distrlbuttons from investments.. UK bank Interest retEwe(¢ 23.930 2.971 1,150 23.930 2.971 1,150 20.814 533 2,L05 275 4,303 175 4,303 683 423 3281 1,457 18.270 6.551 IA57 19.D25 6.551 6.567 10,9D4 6,287 755 102 160 132 59.692 813 60.505 51.926 EXPENDMJRE Unrestrkted ReStrd Entbwment Trt15 Funds fund5 hjnds 2018 Totsls 2017 on thuritsljle •rtnrfties.' Premtses t7nd Insiwgnce rosts.. Water Rates Heat and light Insurance Repairs and Property projects Other premises èxpenses Dlo¢esanAssetsrnerts.' stentatlon EmployÈr NIC Uer8y Pension FuTrLI Expenses of of4ce allowance Oi¢xesan expensES Legal expense5 insurance Generol d1trrtIon costs.. Printiii& postage and statknnery TelephoTre, comwter and inter1 Proqromme rosts.. Charltable Projetts Visiting Clergy Organist & Reglstfar otherltems.. LeL¥al•rtdpmfrssionulfve5.' Other governance cost5 Other expenses.. Bank char8es Sundry expense5. 124 5.587 2.160 l4.964 124 5.587 2,160 14,964 120 3,397 2,099 41,752 1,358 12231 12,231 1,050 2214 318 1.925 11,750 1,124 2,386 352 1,374 42 2214 318 1.925 176 200 43 290 5.123 3.359 360 2,780 2.200 2,200 297 350 421 2,927 76,077 50.027 343 50,370 Ilixiiiiiiiiil rIkn&& Pd%g 9 of12 rthtri ilr.
Portadown/Kilmore/St Aldan'slArmagh/Church of Ireland Financial Statements for the ear ended 31st December 2018 14rte5 f0milngpart0ft nand Ststementslorthe ywended 3151 Dernber 2018 Icont'dl Staff costsand numbers Tots 2017 Funds fLtnd5 2018 Wsitlll8 Clergy Organist and Registrar 300 2200 360 2,780 3.140 2.2(X) No employee receNed emolurnents ofnwe than £60.0 The ?verage numbei of person5, iKltsding pari-time staff, employed om UK contracts was 012017.. 01 The trustees consioer that thÈ ¢harfty has no employee5 during the flnèncial yeèi. The Org8nlst'5 d¢Jties are perforrned under a coniract for servlces. P?yments Nnade tD the Graveyard ReglstTrY 3re 3 donatlon tDwards off5ettin8 so of the travel Costs Incurred.. each death/burial can require lour or five rÈturn journey5 (some 17 milesl. Net Inwnlng resour$10[ thpyear Unreststted Pstritted FV1 fuM15 fufid5 T4Jta15 20 Tots15 2017 IndÈpendefit examinEs Yemuneration Trustèe reMUation al Related Party Tran5aCtIo No trustee rÈceived any rernvnÈratlOD as a result of their Trusieeship of the Charitv. One Trustee rec payments from the RepresentauvÈ Church Body IRCBI whth Ls rÈEaTded a$ 8 ¥elated party tD the Charity. The RCB eeS payTnents Irom the Chaiity by way ol Diotesan A8se55rneni - these Crge$ are levied to CDver Sustent21ion. Natlonal Insurance ènd CrEY Pension Fvnd contrlbutions due tts, Of Dn behaw of, the in¢umbent, in allditton to a contributlon tc the De5&D Expen5e5 Account. Thè d31 are as folbws.. Rertor employed by the Reprentstiwe Church Body ar>d the char5ty funds her Stipend and expEn5es (ln partrtrership with other {rItieS) through the Dhxe5an Assessments. Name of trustee.. Rev Rosemary Drffin Details of why the amounts are paid.. AmOnI of DloiEsan Assessrnents chHTEed-. Rector lincumbentl ol thÈ Parish E17.778 The breakdown of the OiocesaTr A55es5ment charÈe5 r5 given at note 4 on page 9 ND Other trust& or other persory connerted to the charfty had any peTsonal Inte$t in any contrart or transaction entered into by the chèiity during the ye3r12017- Nill. TaJr¥tlon As a charity, the Chufch exernpt from tax on income and Rains f311ing withln settion 5D5 of the Taxe5 Act 1988 Dr 2256 ol the ChaTgeable GaSn5 Att 1992 to the exteni thai these are ¥pd to its tharitabie obJert5. No tèx char6e5 have arisen In the Charity. Transfern bitween the fuftd5 Uniestrthd Restricted Enrknent Fund5 lurJds Fynd5 Toials From 8owlSn6 aub to General FunLI 12501 250 12501 Pd%f In tpf 12 tW45TB7t ITrE
PortadowTr/Kllmore/St Aidan'5/Am?agh/Church of Ireland Flnancial Statements for th ear ended 31st Decernber 2 Note5 part of the Flnandal Staternehts for the year ended 31st December 2018 Icont'dl io CurrentA55ets land Furnlture, frture$ & ffttr bu6kllng5 rotsls Cort At 1st J8nuary 2018 Addition5 I55,A? 155.000 At 31st December 2018 155,lYYJ 155.000 Depreclation At 1st January 2018 Charge for year At 31st Decernr 2018 Net 8ook Val At 31st Decemhei 2018 155.(XlO 155.CM)O At 31st December 2017 155,tTrXI The Church buildlng 4nd graveyard are deemed to be Heritsge Assets as defined Sft the CharitiesgORPIFR51021. These Heritage Assets are not in¢ludeo the ststement of a55ets and Ivabtlits as Inforfflation on thÈir historic cost or valuation is not available and such infom10 cannot obtalrd at a cost comtnensurate with the benefit tts the users of the accounts 8no to the Parish. The Church Hall is In the Chvrch groLtnds and as such 15 not separable as an asset. A5 such it is deemed ro be a part of the Herit3ge Assets and no vale is ascribed to It in the statemÈnt of a55ets anLI lbIlItIes. All fixtu$ and flttings are Jeemed to have bctn fully depKeuated in prbr years. aCCDunts. No attempt has been made t quantify the histor cost of the frxtures and litting5, many of which fall wSth1ft the definition of Herlt)ge Assets In the Charities SORPIFR51021, as this inf0rntI)n cannot be obtained at 3 C05t commensurate wrth the beneh't to the u5Er5 of the accounts and to the Parish. Land & Buildings comprises 12.5 Kres of agriCuVraI laftd wtth a ruTrdowh cottage. 155,000 li Inve5trnents Tots15 2017 1018 Investment In R.8. General Vnit Trusts IN.I.I ValVatn at 1st Jan4Jary 2018- 61.678.7 unt15 @ £3.709 (Diminutionl In value V4luatlon at 31st De¢ernr 2018- 61,678.7 unfts @ £3.590 228,766 228,766 Z21M27 Investments a init131 recorded at cost and are Iln 5ub5ewendy stated at fair value at each year end date. Unouoted investments are e0rded atcost artd as5e5sed annualty for impairmerrt. 228.766 12 Cash and rash egufvalents Totals 20 Totals 2017 Openin8 balance of cash and cash equi¥aleT Movement irs the year Ch)slng balance of cash and cash eouryalents 44.22S 10.135 14,S83 44,225 Pa8e 11 of12 Bl'l IFh
Portadown/Kilmore/5t Aldan's/Amiagh/Church of Ireland Financlal S ements for the r ended 31st Decernber 2018 Notes 1ormln8 part ofthe FirRndal Statements for the yearerthd 3tst Decmbr 2018 l¢onVdl 13 Analysts of tharfty net assets heen tsnds Re5trKted ErbdowmÈrt Tol¢ts Non Current Assets InwÈstments Current Assets- cash and cash eqUants 155,C(K) 155,000 221A27 54.360 430,7B7 221.427 9,65J 9.651 199,709 221,427 FInant1 Cornmltments At 31st December 2018 the ttrity has no annual comnbitments under nOn-Caellable lease5 nor any other finènclal cornmitments that are not recoenised in the atcounts12017.. £nill. The chèrity has entered into a Trumber of long ter contratt5 for the suppty of sel¢e5 all of whith are cancellable. 15 Statement ol Funds lJan18 resouv£es resoLrS Translers 311)èc 18 General reserve Totsl unrestrldedfuts 189.794 S9J42 $0,027 150J)271 J99,709 59.942 199.709 Hlll Organ F¢tnd Bowling Club Fulld Total restricted lunds 8.108 1323 58 755 8.166 1,485 593 9A31 813 15931 9,651 EndDwrnnt fund5 228.766 17,3391 173391 Total endowrnent tunds 221,427 228.766 221.427 Totsl fur 427.991 60,755 157,9591 Summary of tho Alm and Ltse of Unrestrict•d FVJ The geneME1rnYVe represents thefreefund5 of the choiily which ore 40tdesrgrJtstedAorporttculorpurposes. Sumrnary ofthe Ahn and Use of Restiicted Funds 11111 Orgon Fund. t0provKIef rhe DIPgn9 rnonogement 0ndmolotentsn0f the Hlll DTgon BLxvlirtg Cknb Fud- toprobydefvr rhe oning0( the Oub 16 Goln8contÈrn The Trustee5 consider thatlhe charrty svffknt fuDdinK in plao to ConnUe It5 operations in the nE4r futu and thus deÈm the use of the gotTrB cofkcern bas to be appropriate. 17 Reststement ol CDmparatl¥e flwres The Trustees have rean8Jy5ed the expenses in note 4 to bring the presentation af thE5e expenses irto Ilne with advtce obtained. In parttcu13r. Èlnpksyee costs have been reanalysed to-DKKesan c05t5- assessment charges" as the Minlsref IS emplayed by the Representstive Churih Body rather Than dirertty by the Charrty. total expe$ dec&red remain the same. IWIOI Po8e 12 OJ J2 **ri I