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 te￿nS 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 re￿Iving 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 S￿la1 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 SeNi￿S on Sunday mornings comprising of a mix of Holy Communion,
Family Services, Baptism Setvices and Moming Prayer together with various other special ServI￿S during the year
such as Lenten ServI￿S, 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 De￿mber 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
Di0￿san 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 De￿mber 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 COn￿M.
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 Fina￿la1 Statements in accordance
with the applicable law and United Kingdom Accounts"ng StarNJards.
The law applicable to charities in Northem Ireland requires the t[Ust￿S to prepare financial statements for each
financial year. Under that law the trUSt￿S 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 trUSt￿S 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 truSt￿S are required to..
select Suitab￿ accounb'ng pol￿1eS 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 COn￿M basis unless tt is inappropriate to p￿sume 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 det￿tIOn 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 v￿th 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 r￿lpt.
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 aSs￿lated 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 De￿rnber 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 De￿mber 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