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)I￿l￿nd & %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 & s￿lIEn 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 Ile8￿1cTed 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 & s￿LIEll 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 LI￿l[l¢fLa thitsuiilants Reg151ered Alld￿Dr 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 ChartCr￿J 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