Charity Commission for Nl Registration Number: NIC104084 *ii- Portadown/Kilmore/St Aidan's/Armagh/Church of Ireland St Aidan's Kilmore Parish Report and Financial Statements for the year ended 31st December 2024 Diciinond Sliillen I)Ilnd & %ki]k Charlcred Accounlanl5 and Rc8i5tcrod Audiior IIou5c, 89,JIOI Royal Avenuc Belfas1 RTI IrF.
Portadown/Kilmore/st Aidan's/Armagh/church of Ireland Financial Statements for the ear ended 31st December 2024 Contents Page Isl Charity Information Trustees, Report Independent Examiner's Report Statement of Intome and Expenditure Statement of Assets and Liabilities (Balance Sheet) Notes to the Financial Statements 9-13 l)iarnond Skilleii l)iomond & Skif*Tr Chancrcd ALLiiiinlunisAnd Regw¢r¢a Auditor Page l of13 B¢ifASi BTI IrF.
Portadown/Kilmore/St Aidan's/Armagh/Church of Ireland Financial Statements for the ear ended 31st December 2024 Informatlon REFERENCE AND ADMINISTRATIVE INFORMATION Charity Name PortadownlKllmorelSt Aldan's/ArmaghlChurch of Ireland Contart Address 38 Vicarage Road Portadown Co Armagh BT62 4HF Trustees lan Barnett Valerie Barnett Carlton Baxter Alison Berry.. Gordon Brown Brenda Chaffe Catherine Crealey john Crealev Ivan Gla55 Audrey Hampton David Henderson Graham Mason John Matchett Julie Matchett Edith McAdams Olivla McKillop Margaret Robinson . Brian Sandford Shelagh Winter resigned 31st March 2024 resigned 31st March 2024 oppointed 31st March 2024 appointed 31st March 2024 MANAGEMENT INFORMATION Olfice Bearers Rev Carlton Eaxter., . RECTOR Brian Sandford. HONORARY SECRETARY Audrey Hampton.............. HONORARYTREASURER Ivan Glass. INCOME TREASURER Brenda Chaffe................. GIFT AID SECRETARY 8rendaChaffe............ CHURCH WARDEN - CLERGY (January to Marchl Margaret Robinson. CHURCH WARDEN - CLERGY (April to Decemberl John Matchett..... CHURCH WARDEN- PEOPLE Valerie & lan Barnett. GRAVES & SURROUNDS Shelagh Winter. SEXTON & PARISH CENTRE OTHER INFORMATION Reportlng Accountant Diamond & Skillen Sinclair House 891101 Royal Avenue Belfast BTI IFE Bankers Ulster Bank Limited 20 High Street Portadown BT62 IHU l)iamond Skilleii iJfftond & slIEn Chaffcrcd ArLuunlinlS¥nJ R¢8i$lertd Auditor Page 2 iJ1'13
Portadown/Kilmore/St Aidan's/Armagh/Church of Ireland Financial Statements for the ear ended 31st December 2024 Trustees, Annual Report for the year ended 31st Deomber 2024 The Trustees present the Annual Report, Statements of Receipts and Payment5 and Assets and Liabilities for St Aidan's Kilmore Parish for the year ended 31st December 2024. OblectSves and Activities The Charitable purpose of the Church of Ireland is the advancement of religion. St. Aidan's Kilmore has a long history of taking the Gospel of le5U5 Christ Into its surrounding community. For many hundreds of years the Gospel has been preached, enriching the lives of parishioners and the community in 8eneral. It remains the purpose of the parish today to take the 805pel and live it out, to be truly salt and light as the Bible instructs and, with integrity and selflessness, to love our neighbours as ourselves. Achievements, Performance & Public Beneflt The focus in the church remains the preaching and teaching of the Gospel of our Lord Jesus Christ. Everything that goes on in the church 15 designed to enhance this preaching and teachin& bulldlng a sense of community within the church family and growin8 that church family beyond the fabric of the church properties. Events have been organised whSch draw people into the church from OLttside the maln body of parishioner5. There 15 a tremendous cross-community support of what we do and we see that inattendance at services too as Wltnessed by our Spring Gala Concert. A grant from Church of Ireland Priorities Fund was applied for in order to replace the existing analogue sound system with a digital AV system and the new sVStem has now been installed in the church. Sunday school continues to thrive. Parishioners, donations to the Food Bank contlnue to impress. The Trustees have given careful consideration to the Charity Commission for Northern Ireland's guidance on publlc beneflt to ensure that the activitles entered into during the year have helped to achleve both the Parish's objectives and the Implementation of public benefit. Flnancial Revlew The income into the Parish from various sovrce5 wa5 £76,22612023., £57,411) with outgoings of £76,22212023.. £67,8651 giving rise to a surplus of £412D23 deficit.. I£10,45411. There was an decrease of1£3121 in the value of Endowment funds12023'. increase of £12,828 to create a net deficit of fund5 for the year of1£308112023'. surplus of £2,374). The bank and cash in hand balance as at 31st December 2024 was £39,092 12023.. £39,083). It is the Tru5tees' Policy to hold sufficient reserves to cover unexpected emergencies, to enhance funds to pay for future maintenance to the Church and grounds to further the Objectives and Activitie5 of the Church of Ireland. Golng Concern The Tru5tee5 have reviewed the budgets 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 31st December 2024 can be signed off as a going concern. Looking ahead to the next 12 month5, the focus remains on preaching and teaching the Gospel of Jesus Christ and making our witne55 real in the parish and the community we serve. We believe God will honour our perseverance of Hi5 work in Hi5 power alone. l)iaiiioncl Skilleii ljiafftond & Sklllon Chail¢rLYI ALivyni3rtls Ile81cTed Auditor Ill)e. R9.'IOI Koyal Avcnuc Page 3 of 13
Portadown/Kilmore/st Aidan's/Armagh/Church of Ireland Financial Statements for the ear ended 31st December 2024 STRUCTURE GOVERNANCE AND MANAGEMENT Governlng Document and Constltutlon of the Charltv Chapter111 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 ITrusteesl All member5 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 a5 members of the General Vestry and 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 position5 for a period of one year. Select Vestry members may be re-elected annually and there 15 no limit on the number of term5 which may be served. Pay and Remuneratlon The Rev Carlton Baxter receives a stipend, office and locomotory allowance5 in accordance with figures approved by the General Synod of the Church of Ireland in 2024. Organlsatlonal Structure The Select Vestry 15 responsible for the day to day management of the Parish. The Select Vestry comprises a member of the Clergy serving in the Parish, the Church wardens, the Glebe wardens and generally no more than twelve other members of the General Vestry elected at the General Vestry meeting. The Select Vestry is chaired by the member of Clergy officiating in the Parish. Select Vestry members are responsible for making decisions on matters of general concern and Smportance to the Parish including on deciding how Parish funds are to be applied. The Treasurer is responsible for the Current Account and the Building Funds. The Select Vestry meets at times fixed by itself or by the DSocesan Synod. Special Meetin85 may be convened at any time by the Chairperson or Church Wardens. Compllance w5th Publlc Beneflt The Trustees 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 yeor have helped to achleve the Parish's objectives, as well as providing publlc benefit. As detailed on this page. l)iclllll)IicI Skilleii t)iamDnd & sLIEll PagLJ 4 of13
Portadown/Kilmore/St Aidan's/Armagh/church of Ireland Financial Statements for the ear en December 2024 Trustee5' Annual Report for the year ended 31st December 2024 (cont'dj Statement of Trustees, Responslbllltles The Trustees are responsible for preparing the Trustees, Report, the Statement of Recelpts and Payments and Statement of Assets and Llabilltles In accordance with applicable law and regulations. The law appllcable to Charltles In Nofthern Ireland wlth Income less than £250,000 requlies the Trustees to piepare a Statement of Receipt5 and Payments and a Statement of Assets and LSabillties for each flnancial year. The Trustees are responsible for keeping actountlng records that are sufficient to show and explaln the Parish's transactions and disclose wlth reasonable accuracy at any time the assets and Ilablllties of the Parlsh. They are also responslble f(>r safe8uardlng the assets of the Parish and hence for taking ieasonable steps for the preventlon and detectlon of fraud and othei Iriegularltles. INDEPENDENTEXAMINERS Dlamond & Skillen Chartered Accountants were appointed as the charlty's Independent examlners. $18ned on behalf of the Trustees: Margaret Robln5011 n Match tt Date: 10th August 2025 Didllll)rid Puxe 5 c)J'13
Portadown/Kilmore/St Aidan's/Armagh/Church of Ireland Financial Statements for the ear ended 31st December 2024 Independent Examiner's Report to the Trustees of St Aidan's Kllmore Parish Church I report on the financi31 statements of the charity for the year ended 31st December 2024, which are Set out on pages 3 to 12. Respective responslbllltles of trustees and examiner The Office 8earer5 ale iesponsible for the preparation of the accounts. They consider that an audit is not required for this year under section 65131 of the Charities Act INorthern Ireland) 2008. They a150 consider that an independent examiner's report is required for this year under section 65141 of the Charities Act (Northern Ireland) 2008. The charity's gross income does not exceed £500,000 and l am qualified to undertake the examSnation by being a qualified member of The Institute of Chartered Accountants in Ireland. Having satisfied myself that the charity is not subject to audit under company law and Is eligible for independent examination, it Is my responsibility to.. examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008,. ond to follow the procedures laid down In the general Directions given by the Charity Commission for Northern Ireland; ond to state whether particular matters have come to my attention. Basis of Independent emamlnerfs report My examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and Seeking explanations from you as 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 present a 'true and falr vlew, and the report is limited to those matters set out in the statement below. Independent examlner's statement The charity's gr055 income in the year was £76,22612023.. £57,411). In connection with my examination, no matter has come to my attention: 111 which gives me reasonable cause to believe that in any material respect the requirement5'. to keep accounting record5 in accordance with Charities Act INorthern Ireland) 2008,, and to prepare accounts which accord wlth the accounting records, comply with the actounting requirements of Part 8 of the Charities Act INorthern Irelandl 2008 and, where applicable, section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reportlng by Charities have not been met,. or 121 to which, in my opinlon, attention Should be drawn in order to enable a proper understanding of the accounts to be reached. Nlgel V Sklllen FCA Diamond & Skillen Fellow of the Institute of Chartered Accountants in Ireland Sinclair House 891101 Royal Avenue Belfast BTI IFE 10th August 2025 l)iilllll)ncl Skilleii &.4kllicn LIl[l¢fLa thitsuiilants Reg151ered AlldDr Page 6 01.13
Portadown/Kilmore/st Aidan's/Armagh/church of Ireland Financial Statements for the ear ended 31st December 2024 Statement of Income and Expendlture (Recelpts and Payments Account) for the year ended 31st December 2024 Unrestricted Restricted Endowment Funds funds funds Totals 2024 Totals 2023 Notes RECEIPTS from donotions ond legocles Grants and Donations 38,951 470 39,421 36,563 from choritable activities Special collections 4,440 4,440 1,817 from other octlvltle5 Gift Aid tax refunded Other Income 7,939 16,264 7,939 16,264 11,555 from Investments Investment income 8,078 84 8,162 7,476 Total Income 75,672 554 76,226 57,411 PAYMENTS on mlslngfunds Promotional costs on chorltoble actlvltles Premises & insurance costs Diocesan Assessment General administration costs Programme cost5 22,173 21,908 18 30,791 22,173 21,908 18 30,791 35,887 21,350 163 9,229 on other Items Legal and professional fee5 Other expenses 900 432 900 432 900 336 Total expendlture 76,222 76,222 67,865 Net lexpenditurel I Income for the year Depreciation Transfers between funds Increase/ldecreasel in fair value of investments Net movement in funds for the year 15501 554 110,4541 li 13121 13121 13121 13081 12,828 15501 554 2,374 Reconciliotion offund5 Fund balance5 b/f at 1st Januarv Fund balances clf at 31st December 183,220 10,863 267,624 461,707 459,333 182,670 11,417 267,312 461,399 461,707 The statement of income and expenditure includes all receipts and payments in the year. All receipts and payments derive from continuing activities. The notes on pages 8 to 12 form part of these financi31 statements. l)ic11noiicI Skilleii & SklllLhn ChartCrJ AcLVUrti#nis aml H¥giSier Auditor Page 7 of J3
Portadown/Kllmore/st Aidan's/Armagh/Church of Ireland Financial St tem for ar December 2024 Statement of Assets and Llabllltles (Balance Sheet) as at 31st December 2024 Noles 20Z4 2023 NON CURRENT ASSETS Tangible assets io 155,000 155,000 155,000 155,000 INVESTMENTS Investments li 267,312 267,624 267,312 267,624 CURRENT ASSETS Cash and cash equlvalents 12 39,087 39,087 39,083 39,083 PAYABLES.. amounts falllng due wlthln one year NET CURRENT ASSETS 39.087 39,083 TOTAL ASSETS LE55 CURRENT LIABIUTIES 461,399 461,707 THE FUNDS OFTHE CHARITY Unrestrlcted Income Junds.. General funds Is 182,670 183,220 Restrlrted In¢omeAunds.' Hlll Organ Fund Bowling Club Fund Cottage Fund 15 15 15 10,947 10,863 470 EndL>wmentlund$.' Endowment Fund 15 267,312 267,624 Total funds 461,399 461,707 The notes on pages 8 to 12 form part of these financlal statements. The flnancSal statements on pages 3 to 12 were approved by the Select Vestry on 10th August 2025 and slgned on thelr behalf bv.. Margaret Roblnson Trustee atc IU5tee Page 8 of 13 %k-illL'II Rcifu BI'I IFF.
Portadown/Kilmore/St Aidan's/Armagh/Church of Ireland Financial Statements for the ear ended 31st December 2024 Notes forming part of the Financial Statements for the year ended 31st December 2024 Accounting Pollcles The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. Statement of compliance These accounts have been prepared on the Receipts & Payments basis in accordance with the The Charities (Accounts and Report51 Regulations (Northern Ireland) 2015, St Aidan'5 Kilmore Parish Church meets the definition of a public benefit entlty under FR5102. Assets and liabilities are initially recognised at historical c05t or transaction value unless Otherwise stated in the relevant notelsl. Preparation of the accounts on a 8olng concern basls The Trustee's policy is to undertake ongoing review of the 'Goin8 Concern, statu5 of the charity, taking note of the organisation's reserves policy and projected availability of funds to enable the organisation to fulfil its responsibilities. A statement on the outcome of the ongoing review is given at note 15 on page 12. Recelpts and Payments Account All item5 of revenue and expenditure are recognlsed and included in the accounts on a cash ba51S. Interest recelved Interest on funds held on deposit is included when received. Fund accountlnB Unrestrlcted funds are general funds which are avallable for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. The fund comprises the accumulated surpluse5 and deficits of unrestricted income and expenditure. Restricted fund5 are fund5 which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the chBrity for particular purpose5. The costs of administering such funds are charges against the specifi fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Endowmerbt funds are funds, the capital of which must be retained either permznently or at the trustee5' discretion,. the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. Investment income and gains are allocated to the appropriate fund. Non Current Assets (Flxed Assets) Fixed Assets are stated at cost le55 accumulated depreclation. The costs of minor additions or those costlng below £2,500 are not capitali5ed. Depreciation 15 provided at rates calculated to write off the cost less residual value of each asset over its expected useful life. The estimated lives are shown below.. Land. Indefinite Buildings. 50 years Furniture, fixtures and equipment. 10 years Receivables Trade, other recelvables and prepayments are not recognised 35 the accounts are prepared on a Receipts and P3yment5 b351S. Cash and cash equlvalents Cash and cash equivalents includes bank deposits, cash and short term highly liquid investments with è short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Payables and provisions Payables and provisions are not recognised as the accounts are prepared on a Receipts and Payments ba515. Legal status of the charity St Aidan's Kilmore Parish is a charity registered in Northern Ireland no. NIC104084. l)i<llll()nil Skilleii Diwtnond & SkÉllen Chartcrcd Accounlant5 Rc¥i5tcrcd Auditor Page 9 of13 tkiraS¢ DTI Irr.
Portadown/Kilmore/St Aidan's/Armagh/Church of Ireland Financial Statements for the ear ended 31st December 2024 Notes lormlng part of the Financlal Statements for the year ended 31st December 2024 Iconvdl INCOME Unrestricted Funds Restricted Endowment funds funds Totals 2024 Totals 2023 Arom grant5, donations and legacles.. Freewill Offerings Plate Collections Other Donations Audio Visuals Grant - RCB Arom chorltable uctivities.. Special Collections Special Event5 from other actlvlties.. Gift Aid tax refunded Other income RCB Distributions from Inve5tments.' UK bank interest received 30,681 1.915 1,355 5.000 30.681 1.915 1,825 5,000 26,507 2,033 8,023 470 821 996 4,440 4,440 7,939 16,264 7.661 7,939 16,264 7.661 11,555 7,062 501 501 414 75,756 470 76,226 57,411 EXPENDITURE Unrestricted Funds Restricted funds Endowment funds Totals 2024 Totals 2023 on ralslng fund5.' on chorltable octlvltle5.' Premlses and Insurance costs.. Water Rate5 Heat and liKht Insurance Repairs and Property projects Other ¢)remises expenses Dloce5an Asse55ments.' Sustentation Employer NIC ClerRV Pension Fund Expenses of Office allowance Diocesan expenses Legal expenses insurance General t7dministratlon costs.. PrintinA, postage and stationery Telephone, computer and internet Programme costs.. Charitable Proiects Visiting Clergy Organist & Registrar on otheritems.. Le9LII ond professionalfees.. Other £overnance costs Other expenses.. Bank charges Sundry expenses 126 8,519 2,943 9,116 1,469 126 8.519 2,943 9,116 1.469 244 16,714 2,803 15,128 998 14,787 1,558 2,268 421 2,830 44 14,787 1,558 2,268 421 2.830 44 14.179 1,495 2,586 429 2,614 47 18 18 163 26,891 270 3,630 26,891 270 3,630 4,049 loo 5,080 900 900 900 432 432 336 76,222 76,222 67,865 l)i<11mond Skilleii DlathTrn & 6klllt Lnhartered wiccounLinls und Ilc¥1[Cd AlIor SLi Ilousc, 89.'101 Royal AvcnuL BEifast Ii'i'i IfL Page 10 of13
Portadown/Kilmore/St Aidan's/Armagh/Church of Ireland Financial Statements for the ear ended 31st December 2024 Notes forming part of the Flnanclal Statements for the year ended 31st December 2024 Icont'dl Staff costs and numbers Unrestricted Funds Restricted funds Totals 2024 Totals 2023 Visiting Clergy Organist5 and Registrar 270 3,630 270 3,630 13 5,080 5,093 3,900 3,900 No employee received emoluments of more than £60,000 The average number of persons, including part-time staff, employed on UK contracts was 012023.. 01 The trustee5 consider that the charity has no employees during the financial year. The Organist's duties are performed under a contract for services. Payments made to the Graveyard Registrar are a donation towards offsetting some of the travel c05t5 incurred,. each deathlburial can require foyr or five return journeys (some 17 miles). Net Incomln8 resources for the year Unrestrlcted Funds Restrlcted funds Endowment funds Totals 2024 Totals 2023 etlncomlng resourtts tsrestutedofter chorglng., Independent examiner's remuneration 900 900 900 Trustee remuneratlon and Related Party Transactlons The total amount donated to the Charity without conditions from trustees and officers Iprimary related parties) and secondary related parties was £17,13012023.. £15,240) Two trustees received honoraria for supervision of halls during the year12023.. 01. john Matchett recelved £327.80 and Shelagh Winter received £350.00. No trustee receSved any remuneration as a result of their Trusteeship of the Charitv. One Trustee received payment5 from the Representative Church Body IRCBI which is regarded as a related party to the Charity. The RCB receives payments from the Charity by way of Diocesan Assessment these charges are levied to cover 5ustentation, National Insurance and Clergy Pension Fund contributions due to, or on behalf of, the incumbent, in addition to a contribution to the Diocesan Expenses Account. The detai15 ore as follows.. The Rector is employed by the Representative Church Body and the tharity fund5 his stipend and expenses lin partnership with other charitie51 through the Diocesan A5se55ments. Name of trustee.. Rev Carlton Baxter Details of why the amounts are paid.. Rector lincumbentl of the Parish Amount of Diocesan Assessment5 charged.. £21,908 The breakdown of the Diocesan Assessment charges Is given at note 4 on page 9 No other trustee or other person connected to the charity had any personal interest in any contract or transaction entered into by the charity during the year12023 - Nill. Tamation As a charity, the Church is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or 2256 of the Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charge5 have arisen in the Charity. l)iaimoncl Skilleii l)illrnond & Chartctcd Aiiuuttloil¢SJiia ReAl£re Iluditor sU1r Il¢)iise. ¥91101 Ilt)yal Avenue Pasye 11 c)f13
Portadown/Kilmore/St Aidan's/Armagh/church of Ireland Financial Statements for the ear ended 31st December 2024 Notes forming part of the Financial Statements for the year ended 31st December 2024 Icont'dl Transfers between the funds Unrestricted Restricted Funds funds Endowment Funds Totals 2024 No Transfers Made io Non Current Assets Land Furniture, fixture5 & fittings buildings Totals Cost At 1st january 2024 Additions 155,000 155,000 At 31st December 2024 155,000 155,000 Depreclatlon At 1st January 2024 CharRe for year At 31st December 2024 Net Book Value At 31st December 2024 155,000 155,000 At 315t December 2023 155,000 155,000 The Church bulldlng and graveyard are deemed to be Heritage Asset5 as defined In the Charities SORPIFRS1021. These Heritage Assets are not included in the statement ol assets and liabilities as information on their historic cost or valuation 15 not avallable and such information cannot be obtained at a tost commensurate with the benetit to the u5er5 of the accounts and to the Parish. The Church Hall is in the Church grounds and as such Is not separable as an asset. As such It is deemed to be a part of the Heritage Assets and no value is ascribed to it in the Statement of assets and liabilities. The Trustee5 declare that these assets had the followlng Insurance value5 a5 at 31st Oecember 2024.. Church Buildings & Content5 £1,959,260., Church Hall Buildings & Contents- E783,704,' Miscellaneous Buildings- £10,301. All fixture5 and fltt5ngs are deemed to have been fully depreciated in prior years, account5. No attèmpt has been made tts quantify the historic cost of the fixtures and fittings, many of which fa11 wlthln the definition of Heritage Assets in the Charities SORPIFRS1021, as this information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the Parish. Land & 8uildings comprise5 12.5 acres of 3grScultural land with a run-down cottage. li Investments Totals 2024 Totals 2023 Investment in R.B. General Unit Trusts IN.I.I Valuation at 1st January 2024- 61,678.7 units @ £4.339 Increase/lDecreasel in value Valuation at 315t December 2024- 61,678.7 units @ £4.334 Investments are initially recorded at cost and are then subsequently stated at fair value at each year end date. Unquoted investments are recorded at cost and assessed annually for impairment. 267,624 312 254,796 267.312 267,624 l)iciiMoiicI Skilleii & slI.f¢ ChaffLrcd A¢¢outalsJnd kcgislLYcd Auditoi PagLJ 12 of13
Portadown/Kilmore/st Aidan's/Armagh/Church of Ireland Financial Statements for the ear ended 31st December 2024 Notes formlng part of the Financial Statements for the year ended 31st December 2024 Icont'dl 12 Cash and cash equivalents Totals 2024 Totalg 2023 Opening balance of cash and cash equivalents Movement in the year Closing balance of cash and cash equivalents 39,083 49,537 110,4541 39,083 39,087 13 Analysls of charlty net a55ets between funds Unrestricted funds Restricted fund5 Endowment funds Totals 2024 Non Current Assets Investments Current Assets- cash and cash equivalents 155,000 155,000 267,312 39,087 461,399 267,312 27,670 182,670 11,417 11,417 267,312 14 Financial Commitments At 315t December 2024 the charity has no annual commitments under non-tancellable leases nor any other financial commitments that are not recognised in the accounts12023.. £nill. The charity has entered into a number of long term contracts for the supply of services all of whlch are cancellable. 15 Statement of Funds At lJan24 Incoming resources Outgoing resources At 31 Dec 24 Transfers General reserve 183,220 183,220 75,672 176.2221 176,2221 182,670 Total unrestrlcted funds 75,672 182,670 Hill Organ Fund Cottage Fund Total restricted funds 10,863 84 470 10,947 470 10,863 554 11,417 Endowment funds 267,624 13121 13121 267,312 Total endowment fund5 267,624 267,312 Total funds 461,707 76,226 176,5341 461,399 Summary of the Aim and Use of Unrestricted Funds The generol reserve represents thefreefund5 of the chority which Gre not de5ignutedfor porticulor purpose5. Summary of the Aim and Use of Restricted Funds Hlll Organ Fund- to providefor the ongoing mjnogement and malntenance of the Hill Orgun 16 Golng concern The Trustees consider that the charity ha5 sufficient funding in place to continue its operatioris in the near future and thu5 deem the use of the going concern basis to be appropriate. l)iiiiMoncl Skilleii I)IMIDoThd & SkllkD Crl£re Jlccounlanls and Rc8islctcd Audillbi Page 13 c?f13 Ilclfu51 Bl'1 Irr