MarkethilllKllcluney* St Johns, Armagh, Church of Ireland Trustee Annual report and Ststement of Re[pts and Payments and Assets and Liabilities For the year ended 31 December 2024 Charftles Number: Nl'll)4093
Markethill/Kilcluneyp St John5, Armagh. Church of Ireland Annual report and financial statements for the year ended 31 December 2024 Contents Pages References and administrative details of the Charity Trustees, report Independent Examiners Reportto the Trustees Receipts and payments account Statement of 3$5ets and liabilities Notes to the financial statements io-ii
Markethill/Kilcluney• St Johns. Armagh. Church of Ireland References and admlnlstratlve detalls Charity Name: Markethill/Kilcluney. St Johns. Arma8h. Church of Ireland Charity Registration Number: NI 104093 Contact Address: 51 Coolmillish Road, Markethill, Co Armagh. BT60 ISH Trustees David Alexander Gareth Black William Bradshaw John Cartmill Cecil Cralg Ivor Ferguson Ann Hughes Charles Irwin Joanne Liggett Stephen Menary Peter Munce Joanne O'Brien Clifford Rainev Beatrice Shirley Thomas Shirley Roy Warnock Prlncipal Office-bearers Cler8v: Church Secretary: Church Treasurer: Church Warden- Clergy: Church Warden - People: Revd Peler Munce Joanne Liggett Joanne O'Brien Thomas Shlrley Ann Hu8hes Bankers Danske Bank 45-48 High Street Portadown Co Armagh BT62 ILB
Trustees, Annual Report for the year ended 31 December 2024 The trustees present the annual report and staterrjents of Receipts and Payments and Assets and Liabilities for Markethill/Kilcluneyi St Johns, Armagh, Church of Ireland for the year ended 31 December 2024. Objective5 and Activities The charitable purpose of the Church of Ireland is the advancement of religion. The principal funrtion of Markethill/Kilcluney• St Johns, Armagh. Church of Ireland is to support the advancement of the Christian religion by promotin& through the work of the MarkethilllKilcluney* St Johns. Armagh, Churth of Ireland 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 needin8 help are fundamental to the practical delivery of the benefit5 of Christianity. As a re5uIt of activity in the pursuit of the advancement of the Christian religion, Markethill/Kilcluney. St Johns, Armagh, Church of Ireland has custody of property and of records, materials and artefact5 of significance to the cultural and religious heritage and maintenance of which is undertaken by the Selert Vestry of the Markethill/Kilcluney. St Johns, Armagh, Church of Ireland. Achievements, Performance & Public Benefft The high point of our week Is on a Sunday when we meet together for worship, prayer and to listen and learn from God's word. Durlng the week we provide pastoral care and 5UPPOrt to over 250 people in the Markethill area of Co Armagh particularly through home and hospital visits. We support misslon and outreach work in this country and overseas through partnering with individual churches and mission agencies, providing financial assistance and on occasions, personal volunteers. We have numerous groups and clubs running in ourchurch halls which cater for all ages and many interests. Boys BrSgade, Girls Friendly Society, Choirs, Pilate5 Class, Mothers Union, Parent & Toddlers/Babies. Youth Fellowship, Sunday Schools, Klds Club and over 5tr5 Club. These activities fulfil our objectives and charitable purpose and have provided public benefit. Through our activities we aim to contribute not only to the spiritual well-being of people but their physical, practical, social and emotional needs also. Our activities are open to all and are free at the point of use. There are no fees charged. Our charity Is funded by voluntary donations and contributions. We have rnitigated any potenti31 harm from the activities e.g. We uphold the standards of the Church of Ireland's Child protectlon policy-"Safeguardin8 Trust" which Includes undertaking Risk Assessments of rooms, buildings and events. Financlal Review The principal source of Income of Kilcluney Parish Church continues to be from donations and plate collections. The charity had an exce55 of payments over receipts of £2.384 for the year ended 31 December 2024. The charity continues to be in a healthy financial state as at31 December 2024 with total cash funds of £119,532. The charity aims to retain sufficient reserves to meet its expected future expenditure requirements as well as potential future capital projects. Going Concern The trustees 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. The financial statements for the year ended 31 December 2024 can be signed off as a going concern.
Trustees, Annual Report for the year ended 31 December 2024 (continued) Structure, Governance and Management Governing Document and Constitution of the Charity Chapter111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees Recrultment and Appointment of Select 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 accustorned 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 £eneral 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 Selert Vestry will hold their positions 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 Incumbent IRectorl of the Parish stipend is paid directly by the Diocese, and receives a stipend in accordance with figures approved by the General Synod of the Church of Ireland tO8ether with approved office and locomotory allowances. Organlsational Structure The select vestry is responsible for the day to day mana8ement of the parish. The select vestry consists of the member of the clergy serving in the parish, any curate assistant (°the curate"), the churchwardens, the 8lebe wardens and generally not more than twelve other members of the general vestry elected at the General Vestry. The selectvestry 15 chaired bythe incumbent orother member of theclergy officiating in the parish. Select vestry members are responsible for making decisions on matters of general concern and importance to the parish including decidin8 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 chairper50n or the churchwardens. In 2024 the Select Vestry met 5 times duringthe year and the average attendance was 65%. 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.
Trustee< Annual Report for the year ended 31 December 2024 {continued) Statement of Trustees. Responslblllties The trustees are responsible for preparing the Trustees. Report and the statement of receipts and payments and statement of a55ets and liabilities in accordance with applicable law and regulations. The law applicable to charities in Northern Ireland with Income of less than £250,(J)O require5 the trustees to prepare 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 takin8 reasonable steps for the prevention and detection of fraud and other irregularities. Signed on Behalf of the Trustees Trustee I Trustee 2 Date ....
Independent Examhws Rewt to the Trustws of MarkethllvldunQy. StJOh Armath, Churth of Ireland I report on the accounts of the Charity for the year ended 31 December 2024 which are set out on pages 8 to 12. Respective resporfjlbilltles ol charrtytrustees and examiner As the charitys trustee5 you are responsible for the preparatlon of the accounts in accordance with the Charities Act {Northern Ireland) 21))8. It is my responsibilityto: examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directlons given by the Commlssion under section 65191{b) of the Charities Act state whether particular matters have come to my attention. Basis of Independent exarnlnerfs report I have examined your charlty accounts as requlred under sectlon 65 of the Charltles Art and my examlnatlon was carrled out In accordance with the general Directlons given by the Charity Commission for Northern Ireland under settion 6519llbl of the Charltles Art. My examlnatlon included a revlew of the accountlng records kept by the charlty ènd a comparlson of the accounts presented with those records. It also Included consideration of any unusual items or disclosures in the accounts, and seeklng explanatlons from you as charlty trustee5 concemlng any Such matters. My role Is to state whether any matertal matters have come to my attention glvln8 me cause to believe: l. That aountIn$ records were not kept In accordance wlth Section 63 of the Charltles Art 2. That the accounts do not accord wlth those accountlng records 3. That the accounts do not comply with the accounting requirements of the Charlties Act 4. That therels further Information needed for a proper understandlng of the accounts to be reached. Independent examln*rfs st•t•ment I have completed my examlnation and have no concerns In respect of the matte11) to141 Ilsted above and. In connectlon with following the Dlrectlons of the Charlty Commlsslon for Northern Ireland. I have found llo matters that require drawin8 to your attentlon. Name: Positlon- Ck4 ACCLL4JTrtsJ T Flo(Y, Èo5l TCeffj L_,ff Ql43q, 4Lai Address: eiciCL, Date:
Receipts and Payments Account for the year ended 31 December 2024 Unrestritted Restricted Funds Funds Total Total 2024 2024 2024 2023 Receipts Donations & plate collettions Collections for third parties Investment income 37.965 543 37,965 543 39,099 284 364 364 364 Rental of premises Grants awarded 2.937 2,937 1,250 2.834 2,500 1,295 1,250 Other Receipts 2,064 Total Recelpts 43,873 1,250 45,123 46.376 Payments Diocesan Cost5/Assessment Church Running Costs Glebe Costs 19.416 10,317 974 19,416 10,317 974 18,869 16,410 1,658 909 Parlsh Centre Costs Administration Costs 2,508 1,094 1,850 2,508 1,094 1,850 1,250 5,555 866 Musical Service Costs Grant Expenditure Charitable & Missionary Donations Payments by Parish Organisations Collections to third parties 6,436 4,463 5,085 241 1,250 5,555 543 543 284 Total Payments 42,257 43,507 55,221 Excess of Receipts over Payments for the year before other recognised gains and1055es 1,616 1,616 (8.8451 Depreciation {4,0001 14,0001 14,0001 Excess of Receipts over Payments for the year {2.384} (2,384) (12,845) On Behalf of the Trustee5 Trustee I Trustee 2
Statement of A55ets and Liablllties as at 31 December 2024 Unrestricted Funds 2024 Restrlrted Funds 2024 Endowment Funds 2024 Total 2024 Total 2023 Cash Funds Current Accounts Deposit Accounts Total Cash Funds 119.532 119.532 117,916 119.532 119.532 117,916 Investment Assets Equity Inve5tment5 Other Listed Investments Investments in RCB / CIT Unit Trusts Other unlisted investments Investment Properties Total Investment Asset5 10,000 10,000 10,000 10,000 10,000 10,000 Assets retalned for the Parlsh's own use Glebe lands Fixtures and Fittings 138,750 32,000 138,750 32,000 138,750 36,000 Total Assets retalned for the Parish's own use 170,750 170.750 174,750 On Behalf of the Trustees Trustee I Trustee 2
Notes to the financlal statements for the year ended 31 December 2024 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 (al Receipts and Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash reIPtS basis. (b) Statement of Assets and Liabilities i) Assets retalnedfor the Porlsh's own use The assets of the Parish, retained for its own use comprise:. Church Building and Graveyard Parish Hall Glebe Land Fixture5 and fittin8S The Church Building and Graveyard and the Parish Hall are deemed to be Heritage assets as defined by the Charities SORP IFRS1021 These Heritage assets are not included in the statement of assets and liabilities 35 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 Glebe Land 15 recognised at market value. being the estimated fair value of the property at 31 December 2024. No depreciation has been provided on the Glebe Lands 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 depreciated on a straight line basis over lo years. il) Investments Fixed asset investments comprising investment properties, investments in equities {ordin3ry shares) and investment in RCB/CIT Unit Trusts are initially recorded at cost and are then Subsequently stated at fair value at each year end date. Investments in unquoted Investments are recorded at cost and are assessed annually for impairment. 10
Notes to the financial statements for the year ended 31 December 2024 (continued) Reconciliation of Cash Funds Total Cash Funds at Beginning of the year Receipt5 for the Year Payments for the Year Total Cash Funds at end of the year 117,916 45.123 43.507 119,532 Movement In Funds Atljan 2024 Incoming Resources Outgoing Resources At 31 Dec 2024 Transfers Endowment funds 10.000 10.000 Unrestricted funds 117.916 45,123 43,507 119.532 Total funds 127,916 45,123 43,507 129,532 4. Collertlons for Thlrd Partles There have been several special collections for third parties during the year to 31 Oecember 2024. LEMOOS- £233.34 RCB Church of Ireland Hospice Appeal- £310.00 These amounts have been included in Receipts for the Year under"Collections for third parties" and in Payments for the year under °Collections to third parties" 5. Transactlons with the Trustees The parish paid expenses of £974 relating to the running costs of the glebe house which is occupied by the Rector. No trustees received any remuneration or reimbursement of expenses for other professional work done for the charity during the year. No other trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity durin8 the year. 6. Governance Costs Governance cost5 of Nil were incurred during the year of which Nil relates to fees paid to the independent examiner. Governance costs are included within Administration costs in the Receipts and Payments Accounts. 11