St Matthews Parish Church Keady (Northern Ireland Charity Commission Number: 104179) Report of the Trustees and Annual Accounts for the year ended 31 December 2024 Noel Conn & Company Chartered Accountants
St Matthew's Parish Church Keady Accounts for the year ended 31 December 2024 Contents Page Trustees and Other Infomiation.......... Report oftheTrustees.............................................................................................,. Statement of Trustees, Responsibilities............. Report of the Independent Examiner.............. Statementof Financial Activities........,................................... Statement of Financial Position...............,.......................... .10 Notes to the Financial Statements...... .11
St Matthew's Parish Church Keady Trustees and Other Information Trustees Mr John Beggs Dr David Doman Mrs Heather Fal¢X Mrs Arlene Faloon Mrs Pamela Gibson Mr Richard Gibson Mrs Jean L Mr Albert Monaghan Mrs Muriel Totten Mr Glen Wilson Mr Trevor Wilson Mr R Conn G Wilson Mrs Corena Leeman Rector Reverend David Moses Independent Examlner Noel Conn FCA Noel Conn arKI Company 7 Seven Houses Upper English Street Amiagh BT617LA Princlpal Bankers Danske Bank Business Banking PO Box 183 Donegall Square West Belfast Charity Commission Nl Number 104179
St Matthew's Parish Church Keady Trustees report for the year ended 31 December 2024 The Trustees present their report along with the financial statements of the charity for the year ended 31 December 2024. The financial ststements have been prepared in accordance with the accounting policies set oul of page 11. Governing Document and Constitution of the Charity Chapter111 of the Constitution of the Church of Ireland govems Parishes and Parcchial Organisats'on. The Select Vestry members are the Charity Trustees, Organisation The Trustees who have served during the year are detailed out on page 3. The select vesty {Trusteesl is responsible for the fabric, fumishings and finances of the Parish. The Select Vestry consists of the member of the clergy serving the Parish, the churchwardens, glebe wardens and generally not more than 12 other members of the general vestry elected at the General Vestry. The select vestry is chaired by the incumbent. All members of the Church of Ireland who are over the age of18 and are either resident within the parish or live elsewhere but have en 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 vole at meetings of the general vestry and lo 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 the 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 tenS which may be served. Objectives and Activities Christian religion at its core seeks to provide care and support to those at point of need. Direct benefit of participation in church life includes the enjoyment of public worship and giving and reIving of pastoral care. As a church body we seek to engage with our local community and encourage social and community integration. We are an active body with regular fundraising and community events during the year and a willing and able body of volunteers to assist in our work. No trustee or volunteer received any remuneratj'on, reward or private benefit for carying out their trustee respor)sibility. The Sla1 benefits of volunteering provide a sense of purpose and belonging within the church community. We also get to enjoy historic building and artefacts and appreciate our rich Christian heritage. People frequently seek access to church records for research and genealogy, conservatj'on, property and artefacts and the subsequent and continued requests for aC$S and use of our materials by the wider society. The direct beneficiaries of this purpose are the church members and the general public. There is no hami arising from the purpose. No private benefit is ceiVed by trustees fulfilling their trustee responsibilities in respect of these records, buildings or artefacts. On occasion specialist professional external services are engaged essential to the fulfilment of the task. Our church is celebrating 250 years since construction started on that site and we have also completed major structural work to the church building within this year, which has been an event of celebration in church life of a beautiful historic relic which has been preserved for those today and those in future to enjoy.
St Matthew's Parish Church Keady Achievement, Performance and Public Benefit The Parish mission is to the advancement of religion through holding regular worship and pastoral care and support of Parishioners and the local community. St Matthew's Parish Church has weekly SeNiS on Sunday mornings comprising of a mix of Holy Communion, Family Services, Baptism Setvices and Moming Prayer together with various other special ServIS during the year such as Lenten ServIS, Holy Week Services, Harvest Thanksgiving Services, Advent and Chnstmas Carol Services. Events in the period 1 January 2024 to 31 December 2024: 2410212024 - Community Big Breakfast 1010312024 - Confimation Servi 1310412024 - Community Coffee Morning at the Church Hall 2511112024 - Variety Church Concert 0711212024 - Community Carol Singing (cancelled due to adverse weather) The sekct vestry is chaired by the member of Clergy officiating in the Parish. The select vestry are responsible for decision making and steer on the matters offinance, structural upkeep and maintenance in compliance wilh Stale church legislation. The Select Vestry meets at time prior arranged by its members, Nral dean or by the Diocesan Synod. Special meets'ngs may be additonal convened at any time by the Chairperson or the Churchwardens. The parish has given due consideration to the Charity Commission for Northem Irelands guidance on public benefit to ensure that the activities entered into during the year have assisted with achieving the Parish aims and objectives as well as providing public benefrt. Financial review and Investment Policy During the year ended 31 Dember 2024, the principal source of income of St Matthew's Parish Church continues to be from donations and plate collections totalling £25,36312023.' £27,833) The principal expenses of St Matthew's Parish Church during the year was in respect of payments regarding Di0san CostslAssessments totalling £13,62012023', £213,292) and the insurance totalling £3,011 {2023'. £2,907). During the year £129,486 was paid out with regards to the re-roofing ofthe Church12023.'£5,050). Grants were received during the year of £30,000 towards this cost {2024..£24,0001. St Matthew's Parish Church continues to be in a reasonable financial stale as at the 31 Dember 2024 with total cash funds of £18,862 {2023. £78,488} St Matthew's Parish Church aims to retain sufficient reserves to meet its expected future expenditure requirements as well as potential future capital projects.
St Matthew's Parish Church Keady Risk Management The Trustees have examined the major strategic, business and operational risks which the charity faces and confim that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to reduce these risks. Going Concern The trustees have reviewed its planned expenditure for the year ahead and are satisfied that there are adequate funds available to ensure that the Parish can continue its activities and the financial statements for the year ended 31 December 2024 can be signed off as a going COnM. By order of the Trustees Trustee Date 41. J Jo Trustee Date
St Matthew's Parish Church Keady Statement of Trustees, Responsibilities The Tmstees are resFonsible for preparing the Trustees, Annual ReFM)rt and the Finala1 Statements in accordance with the applicable law and United Kingdom Accounts"ng StarNJards. The law applicable to charities in Northem Ireland requires the t[UstS to prepare financial statements for each financial year. Under that law the trUStS have prepared the financial statements in &colllance with Generally Accepted Accounting Pracb'ce in the Unrted Kingdom (accounting standards issued by the Financial Repjrting Council in the UK, including Chantses SORP {FRS 102). Accounting and Reporting by Charities.. Statements of Recommended Pr&tice applicable to charities preparing their accounts in accordance with the Financial Rerorting Standard applicable in the Unrted Kingdom and Republic of Ireland IFRS 1021 and promulgated by the Institute of Chartered Accountants in the United Kingdom and United Kingdom Law) Underlhat law the trUStS must not approve the financial statements unless they are sab'sfied that they give a true and fair view of the state of the affairs of the charity and of the statement of financial activits'es of the charity for that period. In preparing these financial ststements, the truStS are required to.. select Suitab accounb'ng pol1eS arKI then apply the consistently., observe the methcrfjs and principles in the Charities SORP" make judgements and esb'mates that a reasonable and prudent,. state whether the application of accounting standards have been followed. subject to any material departures disclosed and explained the Financial Statements., prepare the Financial Ststements on the going COnM basis unless tt is inappropriate to psume that the charity will continue in business. The trustees are responsible for keeping proper accounb'ng records which disclose wilh reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply wilh the Charities Act (Northem Ireland) 2008 and the Charity (Accounts and Reports) Regulabons {Northem Ireland) 2008. They are also respjnsible for safeguajrling the assets of the charity and he for taking asOnable steps for the prevenb'on and dettIOn of fraud and other irregularities. The trustees are resrrf)nsible for the maintenance and integrity of the corp)rate arKJ financial infomiation included on the charities website. Legislation in the United Kj'ngdom goveming the preparation and disseminats'on of financial statements may differ from legislab'on in otherjurisdictions. By order of the Trustees JJ[ioIIJ- Trustee Date I, -dotL Trustee Date
St Matthew's Parish Church Keady Independent Examiner's report for the year ended 31 December 2024 We report on the accounts of St Matthew's Parish Church, Keady for the year ended 31 December 2024, which are set out on pages 9 to 15. Respective responsibilities of charity trustees and examiner As the charily's trustees you are responsible for the preparation of the accounts in accordance with the Charits'es Act (Northern Ireland) 2008. It is our responsibility to.. examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Commission under section 6519llb) of the Charities Act state whether particular matters have come to my attention. Basis of independent examiner's report We have examined the charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act. Our examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees conceming any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe: 1. That accounting records were not kept in accordance with section 63 of the Chanties Act 2. That the accounts do not accord with those accounting 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement We have completed our examination and have no concems in respect oflhe matters {1) to {4} listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention. Noel Conn FCA Noel Conn and Company Chartered Accountants 7 Seven Houses Upper English Street Armagh BT617LA Date
St Matthew's Parish Church Keady Statement of Financial Activities for the year ended 31 December 2024 Unrestricted Restricted Endowment Total Funds Funds Funds Funds 2024 2024 2024 2024 Total Funds 2023 Notes Incoming Resources: Donations and Plate Collections Glebe Lands Conacre Income Charilable Activities Wedding and Funeral Fees Gift Aid Income Power Nl Energy Grant Grants re Replacing church Roof Investment Income Legacy Donations Other Receipts Total Incoming Resources 21,629 4,938 40,910 700 3,734 21,629 4,938 40,910 700 3,734 23,359 4,938 19,770 720 4,374 1,200 24,000 3,485 100 4,272 30,000 769 30,000 3,786 3,017 8,315 8,315 110,995 3,017 114,012 86,218 Resources Expended: Fundraising Events Net Income from Resources Available For Charitable Applications 110,995 3,017 114,012 86,218 Expenditure: Congregational Running Costs Costs re Replacing Church Roof Ministry and Support Staff Administration Costs Donalions Shares Purchased 31,397 129,486 174 600 1,641 31,397 129,486 204 600 1,641 26,530 5,050 261 600 3,908 12,000 30 Total Charitable Expenditure 163,298 30 163,328 48,349 Total Resources Expended 163,298 30 163,358 48,349 Net IncomelExpenditure for the year Gross Transfers between funds Net Incomel(expenditure) for the year (52,303) 2,987 (49,346) 37,869 (52,303) 2,987 (49,346) 37,869 Reconciliation of Funds Total funds brought forward 45,554 147,521 7,910 200,985 163,116 Total Funds to Carry Forward (6,749) 147,521 10,897 151,669 200,985
St Matthew's Parish Church Keady 10 Statement of Financial Position as at 31 December 2024 Employment of Capital Notes Unrestricted Restricted Endowment Funds Funds Funds 2024 2024 2024 Total Funds 2024 Total Funds 2023 Fixed Assets Tangible Assets Investfflents 147,521 147,521 147,521 Current Assets Danske Bank Current Account Danske Bank Roofing Account Mccabe Investment Account 7,313 11,549 7,313 11,549 10,897 8,564 69,924 7,910 10,897 Current Liabilities Danske Bank Loan Account Danske Bank Boun Back Loan Other Loans 3,150 10,784 19,000 6,611 19,000 6,611 19,000 5,61 Net Current Assets (6,749) 10,897 4,148 53,464 Total Assets Less Current Liabilities (6,749) 147,521 10,897 151,669 200,985 Funds Unrestricted Funds Restricted Funds Endowment Funds {6,749) 147,521 10,897 151,669 45,554 147,521 7,910 200,985 We approve these accounts on behalF of the Board of Trustees and confinn that we have made available all relevant records arKJ infornation required for their preparation SJ[jJJ2J Trustee Date lo Trustee Date
St Matthew's Parish Church Keady 11 Notes to the accounts for the year ended 31 December 2024 Principal accounting policies The financial statements have been prepared in accordance vth applicable Accounting Stsndards in the United Kingdom and the Charits'es Act {Northem Ireland} 2008 A summary of the more imwrtant accounts'ng policies. which have been applied consistently, is set out below. Basis of accounting The financial statements are prepared in OrdanCe with the historical cost convenb'on mcrfjified by the revaluation of certain fixed assets. Taxation The charity is exempt from tax on its charitsble acts'vib'es. Restricted Funds Restricted funds are accounted for in )rdan with the particular tenns of trust arising from the express or implied wishes of the donors in so far as these are intended to be binding on the charity. Where SLKh wishes are not intended to be binding, they are taken into account and recognised in appropriately designated funds. Unrestricted Free Reserves Free Reserves represent amount which are expendable at the discretion of the trustees in furtheran of the objectives of the charity and vthich have not been designated for any other purtM)se. Such funds may be held in order to finance working capital or capital expendrture. Incoming Resources Voluntary income or capital is includd in the Statement of Financial Acb'vrties when the charity is legally entitled to it, its financial value can be quantified with reasonable rtaInty and there is reasonable rtaInty of ts ult'mate rlpt. Entillement to legacies is considered established when the charity has been notified of a distribution to be made by the executors. Income received in advance of due perfomiance under a contract is accounted for as deferred income until eamed. Grants for activities are recognised as income when the related condits'ons for legal enbtlement have been met. All other income is accounted for on an &crual basis. Resources Expended All resources expended are accounted for on an accnjal basis. Charitable activities include costs of seNices and grants, support costs and depreciation on related assets. Costs of generats'ng funds similarly include fundraising activities. Non -stsff costs not attributed to one category of tivity are allocated or apportioned pro-rat to the staffing of the relevant service. Finan, HR and administrative slaff costs are direcdy attributsble to individual &tivities by objects've. Govemance costs are those aSslated with constitutional and slalutory requirements.
St Matthew's Parish Church Keady 12 Tangible fixed assets The assets of the Parish, retained for its owrF use comprise of:_ Church BuiFding Parish Centre Glebe HouselRectory Fixtures and Fittings The Church Building, Glete House, Parish Centre and Fixtures and FittJ'rrfJs are deemetl to be Heritsge assets as defined by the Charities SORP {FRS 1021. The* Heritage assels are not included in the statement of financial position as infomiatK)n on the cost or valuation is not available and such infomiation cannot be obtained ai a cost commensurate with the benefft to the usets of the lUnts and to the parish. Investments Fixed Assel investments comprise of Listed Investments and investment with RCBICIT Unit Trusts. These investments are initially recorded al cost and are then subsequently stated at fair value at each year end dale. Other Receipts Unrestricted Restricted 2024 2024 Total 2024 Total 2023 Amiaghbreague Derrynoose Newlownhamilton RenVHire of Hall 964 872 1,922 4,556 8,314 964 936 914 2,282 140 4,272 872 1,922 4,556 8,314 Congregational Running Costs Unrestricted Restricted 2024 2024 Total 2024 Total 2023 2,132 5,594 176 1,496 2,581 3,011 13,620 720 278 250 674 865 2,132 5,594 176 1,496 2,581 3,011 13,620 720 278 250 674 865 1,130 5,089 259 1,034 Rectory Expenses Stationerylmagazine Church Expenses Church Hall Expenses Insurance Diocesan CostslAssessments Water Rates Electric Organists Sunday School Costs Bank Interest and Fees 2,907 13,292 402 379 871 363 804 26,530 31.397 31,397
St Matthew's Parish Church Keady 13 Ministry and Support Staff Unrestricted Restricted 2024 2024 Total 2024 Total 2023 Visting Speakers 174 174 174 174 261 261 Administration Unrestricted Restricted 2024 2024 Total 2024 Total 2023 Accountancy 600 600 600 600 600 600 Donations Unrestricted Restricted 2024 2024 Total 2024 Total 2023 Darkley House Hospice Charity Donations 1,341 200 100 1,641 1,341 200 100 1,641 2,808 1,100 3,908 Investments Listed Investments RCBICIT Trust Investments Total Cost At 1 January 2024 Additions Disposals At 31 December 2024 97,475 50,046 147,521 97,475 50,046 147,521
St Matthew's Parish Church Keady 14 Movement in Funds At the Movement Transfers At the 0110112024 In Funds In Funds 3111212024 Unrestrlcted Funds General Fund 45,554 (52,303) (6,749) Restricted Funds Restricted 147,521 147,521 Endowment Funds Mccabe Investment Account 7,910 2,987 10,897 Total Funds 200,985 (49,316) 151,669 Net Movement In Funds, included in the above are follows: Incoming Resources Movement Resources Expended in Funds Unre5trlcted Funds General Fund 110,995 (163,298) (52,303) Restricted Funds Restricted Endowment Funds Mccabe Investment Account 3,017 (30) 2,987 Total Funds 114,012 (163,328) 149,316) Employee Information 2024 Number 2023 Number Employee Numbers 2024 2023 Stsff costs {for the above persons): Wages and salaries Soclal Security
St Matthew's Parish Church Keady 15 10 Collections for Third Parties There has not been any amunts paid out to Third Party organisations durirYJ the year ended 31 Dernber 2024. 11 Trustees, Remuneration and Benefits Other than that noted below, there were no Trustee's remunerats'on, benefits or loans made during the year ended 31 Dember 2024. One or more of the Trustees have been reimbursed for approved expenses incurred in connection with the Charity as delailed below.. 2024 2023 Total Amount Paid Number of Trustees Reimb'ursed