Orumcree Parish Churth
Annual ReP￿t and Financial Statements
For the year ended 31 De￿mber 2024
CharltSes Number: NIC 104192

Drumcree Parlsh Chur<h
Annual report and financial statements fortheyearended 31 December 2024
Contents
Pages
Reference5 and administratwe details of the Charity
Trustee5' Annual report
Independent Examiner5 Report to the Trustees
5taternent of Financial activitie5
Bèlènce Sheet
io
Notes to the financial statements
11-18

DRUMCREE PARISH CHURCH
References and admlnlstratlve detalls
Charity Name..
Drumcree Parish Church
Charity Registration Number:
NIC 104192
Contact Address..
78 Drumcree Road
Portadown
CoArmagh
BT62 IPE
Trustee5
Rev Gary Galwav
Mr Alan Milligan
MrGeoff Milligan
Mr Gareth Moles
Mr Edwin Mccambley
Mrs Shirley Nelson
Mi55 Valerie Newell
Mr Alan Sergeant Ires
14th April 20241
Mr Keith Marshall lapp. 14th April 20241
Mr Jonathan Ruddell
Mrs Julie Milligan
Mrs Ruth Tedford
Mr Gareth Galway
Mr John Gates
MrGeorge Murtagh
Mr Brian Ruddell
Mrs Laura Sergeant
Ms Pamela Forde
Principal O￿l£e-bearer5
Cler8y'.
Church Secretary..
Church Treèsurer..
Church Warden- aergy..
Church Warden- People..
Rev. GaryGalway
Mrs Ruth Tedford
Mr Brian Ruddell
M5 Pamela Forde
Mr Gareth Moles
Independent Examlner
Arnold Jackson Chartered Accountant
McAleer Jack50n Ltd. Chartered Accountants
Church House, 24 Dublin Road, Omagh, Co Tyrone, BT78 IHE
Principal Bankers
Bank of Ireland
13 Market Street
Lurgan
BT66 6AR
Ulster Bank
20 High Street
Portadown
BT62 IHU
Progressive Building Society
12 Market st￿et
Portadown
BT62 31Y

Trustees. Annual Report forthe year ended 31 D￿ember2024
TheTrustees present the annual report and accounts for Drumcree Parish Church for the year ended 31 December 2024.
Oblectlves and N£tlvltles
The charitable purpose of the Church of Ireland is the advancement of religion.
The principal function of Drumcree Parish Church is to support the advancement of the Christian religion by promoting. through
the work of Drumcree Parish Church the whole mission of the Church. pastoral. evangelistic and social. Being open to and engaging
with Society a5 a whole and offering sUPPOrt for those rbeeding help are fundamental to the practical delivery of the benefits of
Christianity.
As a result of activity in the pursuit of the advancement of the Christian religion. Drumcree Parish Church has custody of property
and of records. materials and artefacts of significance to the cultural and religious heritage and maintenance of which is
undertaken by the Select Vestry of Drumcree Parish Church.
Achlevements. Performance & Publlc Benefft
We are currently using the Church Hall as our Church due to the church building not being fit for purpose at the present time.
This has been difficult as our Church Hall is used regularly throughout the week. It has been 3 huge commitment for those having
to set up and take down all the equipment every week.
We would hope to be moved back into the church within the coming year.
The church continues to invest in technology so as to allow its services to benefit those who are house bound, in nursing homes or
who simply could not be there in person and it also afford5 them an opportunityto watch the service at a time which 15 convenient
for them. This is proving to be a great opportunity to reach people with the Gospel and we give thanks to God that people around
the world can be with us on Sunday morning. We have a150 Installed technology equipment in the Church Hall. which will be
available for all organisations.
The church is also investing heavily in upgrading its premises and has put together a plan for a welcome area la social gathering
areal, thi5 is at a significant cost. Theie are a150 plans to upgrade the church and bring it up to a standard of "fit for purpose~ for
the times which we live and minister in. We are hoping by this time nert year. the work will have been completed and what a difference
it will make for all who come together.
We have been greatly blessed (luring the year by our children's and youth ministries which continues to grow. It has also been
encouraging to see new people joining us from all walks of life. and it is our hope ènd prayer that this will continue well into the
future. It was a150 such an encouragefftent to See the increased number5 attending our annual fete once again. what a 5ucce55 It
has become both in financial term5 and a wttne5S to the entire community.
There is no doubt we live in challenÈinÉ times and we continue to reach out to those both within and outside the Parish. We have
provided financial help and assistance where required and helped with practical issues. We see this as an opportunity to reach
out with the love of Christ to those for whom Christ died. As a Christian organisation we have been called to serve and may we
continue to do that through love no matter what we face in the days that lie ahead.
In all the challenges that we as a church face, it is wonderful to know that we have a God who continues to look after our needs,
provide5 in such a way that only He can do and to have people within the church who give in such a Godly way. We thank God
first for His provision and all those who carry Hi5 heart within them. May we all continue to be a blessing to others. whatever
background they may come from.

Trustees. Annual Report forthe year ended 31 December2024 (continued)
Under Chapter 12 of the Constrtution of the Church of Ireland. Safeguarding Trust is implemented and adhered to by Drumcree
Parish Church in order to protect young people. leader5 and vulnerable adults.
Access to Church records is provided to any member of the public requiring information for research and genealogical purposes.
This access is provided free of charge. The Parish maintains artefacts, materials and historic building for the benefit of the public
and in particular for those appreciative of longstanding Christian heritage. The Parish restricts acces5 to Church properties for
public safety reasons. Any visitors who wish to access same for viewing purposes are accompanied by a member of staff.
The Parish ha5 given careful consideration to the Charity Commi55ion for Northern Ireland's guidance on public benefit to ensure
that the activities entered into during the year have helped to achieve the Parish's objectives and activities. as well as providing
public benefit.
Financial Rtiriew
The income in the Parish from various sources was £734,303 with outgoings of £155,056, giving a profit of £579,247 before
unreali5ed gain in value of RC8 inve5tment5 of £287 and the gain from the Sale of land of £22.266. The overall profit was £601,800.
TheTru5tee5 are deeply grateful to the Parish for theirfinancial support during 2024.
The Bank and Cash in Hand Balance as at 310ecember 2024 was £566.354 lof thi5 balance £334.136 were unrestricted funds). 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 ground and to further the Objectives and Activities of the Church of Ireland.
Golng Contem
The Trustees have reviewed Drumcree Parish Church's planned expenditure 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 2024
can be signed off as a going concern.
Structure, Governance and Mana8wnwrt
Govemlng Document and Constitution OA the Churity
Chapter111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisations. The Select Vestry members
are the Charity Trustees.
Recruitment and Appointment of Selert Vestry ITrnsteesJ
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 accustomed member5 of the congregation for at least three month5 and have paid a minimum of £50.00 per annum
into the Sustentation account. may register as members of the General Vestry of the Parish. allowing them to attend and vote at
meeting5 of the General Vestry and to stand for election to the Select Vestry. Meeting5 of the General Vestry are held at least
once a year. The Select Vestry 15 elected as part of this 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 15 no limit on the number of term5 which may be
served.

Trustees. Annual Report forthe year ended 31 December2024 (continued)
Organisationol Stwrture
The Select Vestry is responsible for the day-to-day management of the Parish. The Select Vestry consists of the member of the
clergy serving in the Parish, the churchwardens, the glebe wardens and generally not more than twelve other members of the
General Vestry elected at the General Vestry.
The Select Vestry Is chaired by the incumbent officiating in the Parish. Selertvestry members are responsible for making decisions
on matters of general concern and importance to the Parish including deciding how P3ri5h funds are to be applied.
The Select Vestry meet5 at times fixed by the member5 or bythe diocesan synod. Special meeting5 may be convened at any time
by the chairper50n or the churchwardens. In 2024 the SelectVe5try met 16 times during the yearand the average attendance was
75%.
Statement of Trustees. Re4)onsI1￿10tleS
The Trustees are responsible for preparing the Trustees. Report and the financial statement5 in accordance with applicable law
and regulations.
The law applicable to charities in Northern Ireland requires the Trustees to prepare financial statements for each financial year.
Under that law the Trustees have prepared the financial statements in accordance with Generally Accepted Accounting Practice
in the United Kingdom laccounting Standards i55ued by the Financial Reporting Council in the UK. including Charitie5 SORP IFRS
1021-Accounting and Reporting by Charities.. Statement of Recownmended Practice applicable to charitie5 preparing their account5
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFR51021" and promulgèted by
the Institute of Chartered Accountant5 in the United Kirhgdom and United Kingdom Lawl Under that law the Trustees must not
approve thefinancial statements unless they are satisfied thatthey give a true and fairview of the state of the affairs of the charity
and of the statement of finarhcial activities of the charity for that period.
In preparing these financial statements. the Trustees are required to=
Select suitable accounting policies and then apply them consistentlv
Makejudgments and estimates that are reasonable and prudent
State whether the financial statements have been prepared in accordance with applicable Accounting Standards and
identify the standards in question, subject to any material departures beinE disclosed and explained in the financial
statements and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Parish will
continue a5 3 going concern.
The Trustees are responsible for keeping accounting record5 that are Suff icient to show and explain the Parish's transartions and
disc105e with reasonable accLJracy at any time the financial position of the Parish and enable them to ensure that the financial
statements comply with the Charities Act (Northern Ireland) 2008, the Charity (Accounts and Reports) Regulations INorthern
Ireland) 2008 and the provision of the Constitution of the Church of Ireland. They are also responsible for safeguarding the assets
of the Parish and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Trustees. Annual Report forthe year ended 31 December2024 (continued)
Statementasto disclosure to our examiners
In so far a5 the Trustee5 are aware at the timing of approvingourTrustees' annual report..
There is no relevant audit information of which the charitable companWs examiner is unaware. and
The Tru5tee5 have taken all step5 that they ought to have taken to make themselve5 aware of any relevant audit
information and to establish that the company's examiner is aware of that information
Independent Examiner
The examiner. Arnold Jackson of McAleer Jackson Ltd. has indicated his willingness to continue in office, and a resolution
concerning his reappointment was passed at the Select Vestry Meeting following the Annual Easter Vestry Meeting.
Signed on Behalf of the Trustees
REVERAND GARYGALWA Y
Trustee I:
BRIAN RUDDELL
Trustee 2:
Date:
31 October 2025

Independent examiner's report to the charity Trustees of Drumcree Parish 0￿rth
I report on the accounts of the Charity forthe year ended 31 December 2024. which are set out on pages 4 to 18.
Respectlve responslbllltles of charlty Trustees and examlner
As the charitvs Trustees you are responsible for the preparation of the accounts in accordance with the Charities Act INorthern
Ireland) 2008.
It is my responsibility to..
examine the account5 under section 65 of the Charitie5 Act..
follow the procedures laid down in the general Directions given by the Commission under section 6519llbl of the Charities
Act.,
state whether particular matters have cometo my attention.
Basis of independent examinerfs report
I have examined your charity accounts as required vnder section 65 of the Charities Act and my examination was carried out in
ccord3nce with the general Direction5 given by the Charr(y Commission for Northern Ireland under section 6519llbl of the
Charities Act.
My 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 accourbt5. and seeking explanations from
you a5 charity Trustee5 concerning any such matter5.
My role is to state whether Bny material matters have come to myattention giving wne cause to believe-.
l. That accountine records were not kept in accordance with section 63 of the Charities Act..
2. That the accounts do not accord with those accounting records,.
3. That the accounts do not comply with the accounting requirement5 of the Charities Art.-
4. That there is further information needed for a proper understanding of the accounts to be reached.
Independent examinerfs statement
I have completed my examirbation and have no concern5 in respect of the matters111 to141 listed above and, in connection with
following the Directions of the Charity Commission for Northern Ireland. I have found no matters that require drawing to your
attention.
ARNOLDJACKSON
Arnold Jackson
For McAleer Jackson Ltd
Relevant professional qualification or body.. Chartered Accountant
Address.. Church House. 24 Dublin Road. Omagh. Co. Tyrone. BT78 IHE
Date: 31 October 2025

Statement of Flnanclal Actlvltles forTheYear Ended 31 December 2024
Unrestritted Restrirted EndOW￿nt
Funds 2024
Fund$ 2024 Funds 2024 Totsl 2024 Totsl 2023
Note
lrtome
Donationsand Plate Collections
81.810
11.522
93.332
80.360
Proceeds from Fund Raising
Events
15.252
7.949
15.252
7.949
12.994
4.426
Bank and Deposit Interest
Rental of Premises
40.493
40.493
33.901
Grants
Other Receipts
Totsl Income
1.2(X)
17.209
150.0
17.7
163.264
3￿17
15.339
555.7C
555.7(M)
577.277
734.303
Expenditure
Wages and Salaries
Diocesan Costslassessment
Church Running Costs
Administration Costs
20.523
20.523
32.201
63,549
28.684
63,549
53.205
EO,517
42,491
24.521
1.305
1.305
Fundraising Costs
Charitable Donations
3.9EA)
2,880
4.022
3,372
4.022
3,372
3,633
7,894
Other Expenses
Depreciation
Totsl Expenditure
5.120
5.120
4,957
130,535
24.521
155.056
156,213
Net Income/lExpenditurel before transfer5
32.729
19.1821
555.7(M)
579.247
16,1231
Transfers between funds
Net Income/lEMpenditure)
beforeother recognised
gains and losses
32.729
19.1821
555.7(K)
579.247
16.1231
Gain on investment assets
Gain on sale of fixed assets
12
287
287
22.266
461
U2
Net Movement of Funds
54.995
19.1821
555.987
601.8C
15,6621
Reconciliation of fund5:
Total Funds brought forward
2.542.431
IfA).399
111.427 2.814.257
2,819.919
Total Fund5 carried forward
2.597.426
151.217
667.414 3.416.057
2,814,257

Statement of Flnanclal Posltlon as at 31 December 2024
2024
2023
Flxed Assets
Tangible Fixed Assets
Investment Propertie5
io
1.205.025
1,520309
1,175.971
1.242.709
li
Investments
12
Total Fimed Assets
2 741 151
2 434 310
Current Assets
Debtor5
117W5
12,610
Cash and Cash equivalerhts
Total Current Assets
387 259
Creditors- amounts falling duewithin one v
Total Credltors
Net Current Asset5
Total Net Assets
3.416.057
2,814,257
The Funds ofthe Parlsh
Unrestricted Fund5
2,597,426
151217
667
14
2.542.431
I￿.399
111427
Restricted Funds
Endowment Funds
Total Charity Fund5
14
3.416,057
2.814.257
The notes on pages 11 to 18 fomi an inte8ts1 part of these financial statements and should be
read in conjunction therewith.
The financial staternent5 on pages 9t0 10 were approved by the Board of Trustees on 31 October 2025
ènd signed on its behalf bv=
REVERAND GARYGAL WAY
Trustee I..
BRIAN RUDDELL
Trustee 2..
io

Notes to the financial statementsfor the yearended 31 De￿mber 2024
l. Accounting polioes
The principal accounting policies adopted. judgements and key source5 of estimation uncertainty in the preparation of the
financial statements are as follows".
al Basis of preparation
The financial statements have been prepared on a goin6 concern basis in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- (Charities SORP IFRS 10211.
The Parish meets the definition of a public benefrt entity under FRS 102. A55ets and liabilities are initially recogni5ed at
historical c05t and transaction value unless otherwise 5t3ted in the relevant accounting policy notelsl.
bl Preparatlon of accountson a going concern basls
The Parish generally meets its day to day working capital requirements from its annual income. The Trustees have obtained
and reviewed cash flow forecasts for the coming year and based on these are satisfied that the Parish has resources to
provide a reasonable expectation that it can continue to meet its financial obligation5 a5 they fall due for the foreseeable
future Therefore these financial 5tatement5 have been prepared on a going concern ba51S.
tl Income
Plate Collection5. Weekly Envelope5. Graveyard income and Columbarium incoffte are accounted for on a cash receipt5
basis as the amount is collected.
Income arising from the rental of Parish Centre facilities to third parties is recognised when the parish has entitlement to
the funds, any performance condition5 attached to the income have been met. it is probable that the income will be
received and the amount can be measured reliablv.
Income from government and other grants. whether'capital. grants or'revenue. grants, is recognised when the charity has
entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income
will be recewed and the amount can be measured reliably and is not deferred.
Legacies are included within Income under either unrestricted or restricted funds according to the terms under which the
donation 15 made and when the amount can be quantified with reasonable certainty. Donation5 and gift5 in kind are
brought into the accounts at their fair value to the Parish.
dl Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. it is probable
that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activityfor which the expenditure was incurred.
el Tangible assets
The assets of the Parish comprise:_
Church Building and Graveyard
Parish Church Hall
Glebe House
Fixtures and fittings
The Church Building, Church hall. Graveyard & Linkway are deemed to be Herttage 355et5 as defined by the Charities SORP
IFRS1021.
These Heritage assets are not included on the balance sheet as 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. However, subsequent additions are included on the balance sheet at cost. No depreciation is charged as the useful
life of the 355et 15 more than 50 years.
li

Notesto the financial statements forthe year ended 31 December 2024 {continued)
Accounting policies {continuedl
The Prayer Room (originally known as the 'Stable5'1 and the store at the chLJrch are physically attached to the Church
Graveyard and as such is not separable as an individual asset. As such it is deemed to be a Heritage 3S5et and no value is
ascribed to it in the balance Sheet as information on the cost or valuation is not available and such information cannot be
obtained at a cost commensurate with the benefr( to the users of the accounts and to the parish.
Land acquired for Car Park at church is valued at acquisition costs in 2017 along with costs of building car park. No
depreciation has been provided on this land or car park as the current estimated residual value is not less than its carrying
value and the remaining useful life currentfy exceeds 50 years.
The Rectory with yard and Sextons house are recognised at deemed cost, being the estimated fair value of the property
placed on each property for rates purposes. The additions during the year consist of a new ensuite built on the premises.
No depreciation ha5 been provided on these propertie5 35 the current estimated residual value of each is not lessthantheir
carrying value and the remaining useful life of each propertycurrently exceeds SO years.
Brea8h Church Hall and Richmount Church Hall are all recoenised at deemed cost. bein8 the value placed on each of the
properties for Insurance purposes. No depreciation has been provided on these properties as the current estimated residual
value of each is not less than their carrying value and the remaining useful life of each property currently exceeds So years.
Fixtures and fitting5 are recognised at cost and are depreciated on a straight line basis over a period of 4 years. The church
has set a threshold of Cost of an item of £l.000 for it to be capitalised as a fixed asset. The assets, residual values and useful
lives are reviewed, and adjusted, if appropriate, atthe end of each reporting period. The effect of any change is accounted
for prospectively.
Tangible assets are de-recognised on disposal or when no future economic benefits are expected. On disposal, the difference
between the new disposal proceeds and the carrying amount is recognised in the statement of financial activities and
included in 'Other operating Ilossesllgains..
fl Investments
Fixed a55et inve5tment5 comprising investment propertie5. investments in equitie5 and investment in RCBICIT Unit Tru5t5
are initially recorded at 105t and are then subsequently stated at fair value at each balance sheet date. Investments in
unquoted investments are recorded at cost and are assessed annually for impairment. Unrealised gains and losses
represent the difference between the fair value at the beginning and end of the financial year or, if purchased in the year,
the difference between c05t and fair value at the end of the year. Reali5ed gain5 and losses represent the difference
between the proceeds on disposal and the fair value at the start of the year or cost if purchased in the year. Both realised
and unrealised gains and losses in investments are reported within -Net Gains I (Losses) on Investments- within the
Statement of Financial Activities.
81 Cash and cash equivalents
Cash and cash equivalents includes cash in hand. deposits held at call with banks. other short-term highly liquid investrnent5
with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within Creditor5 Amounts
falling due within I year.
h) Flnanclal Instruments
The Parish only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial
instruments are initially recognised at transaction price and subsequently measured at their settlement value.
i} FurwJ5
Funds are classrfied as either restricted funds or unrestricted funds. defined as follows.
Restricted funds arefunds subject to specific requirements asto their use which may be declared bythe donor or with their
authority or created through legal processes, but still within the wider objects of the Parish.
12

Notes to the financial statementsfortheyearended 31 De￿mber2o24 Icontinuedl
Endowment fund5 are fund5 which have been given on the condition that the original capttal Sum is not reduced, but the
income there from is used for the purpose defined in accordance with the objert5 of the Parish.
Unrestricted funds are expendable at the discretion of the Trustees in furtherance of the objects of the charity. If parts of
the unrestricted funds are earmarked at the discretion of the Trustees for a particular purpose, they are designated as a
separate fund. This designation has an administrative purpose only and does not legally re5trictthe Trustees, discretion to
apply the fund.
2. Critical Accounting Judgements arKI estimation uncertainty
Estimates and judgements made in the process of preparing the financial statements are continually evaluated and are
based on historical experience and otherfactors. including expettations of future events that are believed to be reasonèble
under the circumstance5. The Trustees do not consider that there are any critical judgements made in applying the Parish's
accounting policies or that there are any critical accounting estimates or assumptions which may have a significant risk of
causing a material adjustment to carrying amounts of assets and liabilities within the next financial year.
UnTe5tricted
R￿tritted Endovnnent
Funds 2024
Funds 2024
Fund 2024
Total 2024
Total 2023
Donatlons & Plate collectior
Envelopes & online subs
Annual Subs
59.407
59.407
56,696
2.010
2.010
1,730
GIft￿d
14.495
14.495
12.6(Y
Loose Collection
4.561
4.561
1.087
11.772
3.427
3.716
2,182
Special Collections
Donations
1.087
IQ435
1,337
81,810
11,522
93,332
80,360
Restritted Endowment
Fund5 2024
Funds 2014
Total
Fund 2014
2024
Total 2023
Proteeds from Fund raising
events
Fete
14.065
1,187
14.065
1,187
10.254
1,190
1.550
Fundraising events
Richmount
15,252
15,252
12,994
13

Notes to the financial statementsfortheyearended 31 De￿mber2o24 Icontinuedl
Unre5tr1cted Restrlcted Funds Endowmart
Fund 2024
2024
Funds 2024
Total 2014 Total 2023
Other Receipts
Graveyard
16.912
16.912
9,777
Sale of trailer
81Y)
Miscellaneous
6,632
Mather5 Trust
171X)
).7(K)
Berry Trust Land
Summer camp fees
Grants
465JXX) 465.IXK)
1.828
1.989
1.989
17.760
3A17
555,70)
577,277
17,209
Unrestritted Restritted Funds Endowment
Fund 2024
Funds2024
Total 2024 Total 2023
Church Runningcosts
Utilities, rates. insurance
Maintenance
14.039
14.039
24.521
1179
14.698
16.195
1921
9,677
24521
Minibus
1179
12,4E
Children'51youth work
28,684
24,521
53,205
42,491
Unrestricted Re5trirted Funds Endowment
Fund 2024
2024 Funds 2024
Totsl 2024 Totsl 2023
Other expenses
Richmount Repairs
Bowling club expenses
Senior Citizen5 expenses
Professional & legal fee5
Magazine
Miscellaneous
Retirement gift
555
659
531
531
1912
4,049
799
799
2531
10)
3.372
3.372
7.894
Governance costs of £984 were incurred during the year which relate to fees paid to the independent examiner.
Governance costs are included within Administiation costs on page 9.
14

Notes to the finantial statements forthe yearended 31 December 2024 {continued)
8 Taxati¢)n
Drumcree Parish Church is recognised as a charity forthe purposes of applicable taxation legislation and
therefore, is not subject to taxation on its charitable activities.
9 Analysis of staff costs. Trustee rernuneration and expen5e5. and the c05t of key managernent
personnel EMplo￿e$
Wages Analysls
2024
2023
Salaries and Wages
National Insurance
19.686
31.652
Pensions
837
549
The average number of employees during the year. calculated on the basis of head count was l.
There are no employees in receipt of employee benefits in excess of £60.000.
Key Management and Trustees
Key Management are deemed to comprise the Trustees. The Parish paid expenses of £948 relating to rates on the
rectory which is occupied by the Rector.
Mr5 Laura Sergeant 15 the daughter of Trustee Rev Gary Galway and herself a Trustee. She ha5 been employed for 3 number
of years as a children's worker. Her pay is in line with the overall pay structure of the Church and there are clear
procedures for the management of any conflict5 of interest that may arise. Her remuneration 15 included in the wages
analysis in note 9 of these accounts.
Mrs julie Miligan a trustee is paid to clean the church and her expense is included within the maintenance cost.
NET
NET
VALUE
AT
31.12.23 ADDtnoN DISPOSAL CHARGE
DEPN
VALUE
AT
31.12.24
DEPNTO
DATE
10. Tangible Assets
Marquee
Car park land
Car park constructions costs
Rectory with yard
Sexton5 House
6.7C(J
1.257
5.443
255,498
312,858
243.857
255,498
312.858
243.857
255.498
312.858
243.857
IiO,(KX)
97.248
IiO,(KK)
97.248
iio,tKK)
97.248
Breagh Church Hall
Richmount Church Hall
74,046
74,046
74,046
Trailer
3,138
8,730
3,138
8,730
Digger
New Minibu5
11,994 11,994
9.780
4.937
Shipping Container
AV Equipment
Graveyard Extension
Linkway Extension
Sports Pitch
Apple Laptop
4.843
1.211
3.632
19,715
19.703
10,813
8,902
19.703
870
2,370
7,402
19,703
29.892
18.(KX)
29.892
18.(KK)
26.604
56,496
18,(
842
1.499
375
1.124
Total Tangible Jlssèts
1.215.958
39.987 1.175.971
34.174
5.120
1.205,025
15

Notes to the financial statements for the year ended 31 December 2024 Icontinued)
NET
DEPN TO BOOK
VALUE
AT
i)ATE 31.IL23 ADDtnoN DISPOSAL CHARGE
NET
BOOK
VALUE
AT
31.12.24
DEPN
11. Investment Properties
House at Dungannon Road
Yhe Rockerf House with store
House at Derryanvil Road
Derrycorey site and land
Farmland at the Rectory
Farmland at
Rockery & Derryanvil Road
Farmland at Breagh Hall
Derrycorey Church H311
Derryall Church Hall
Neill Property
Berry Trust land
130.C
160,(KXI
77.5(K)
130.C(K)
130.(
160,LXX)
77,5(K)
40.LKM)
150,LK(J
77,51X)
150,CKK)
150,C(K)
410.CQ)
410.C#XI
410,￿)
9,000
54.026
24,683
54.026
24,683
187,5(K)
54.026
24,683
187.5(K)
1187.5(NJl
465,OLKI
1.242,709
1.242,709
465.0￿ I187.5￿)
1,520,209
12. Investments
VALUE AT GAIN IN VALUE AT
31.12.23
31.1124
RCB Inve5tment5
287 15 917
Totsl Investment Assets
287 15 917
13. Creditors Amounts Duè within l year
Accruals and othercreditors
8,779
19,730
192
PAYE
474
9.253
19,922
16

Notesto the financial 5tstementsforthe year ended 31 December 2024 {continued)
14. Funds of the Parish
I￿rtgoing
At 01 Jan
Incoming ReS￿r￿S
2024 Resources
revenue Transfers GainlLoss
Investment
At 31 Dec
2024
Endowment Fund5
McGivern Trust
75,774
20.023
75,774
20.023
465,0(K>
90,71K)
15.917
GardinerTrust
Berry Trust Land
MathersTrust
RCB Investments
465,(KK)
).71X)
15.630
287
111.427
555.7(KJ
287
667.414
Restrirted Funds
Bank of Ireland Deposit
Ulster Bank Deposit
158.509
1.890
15.339
124.5211
149.327
I,8￿)
160,399
15,339
124,5211
151,217
Unrestrlcted Funds
General Funds
2,542.431
163.264
1130.5351
21266 2,597,426
Total Funds
2.814.257
734.303
1155.0561
22.553 3,416.057
Pur
05es of Endowment Funds=_
McGivern Trust - interest earned on this money is to be transferred to the Repair account.
Gardiner Trust - Interest earned on this money is to be transferred to the Repair account.
RCB Investments- These relate to various permanent endowments that the Church has received that
are invested with the Representative Church Body with the income each year from such investments
being paid to the Church for general church purposes.
Mathers Trust- Income earned on this money is to be used for the benefit of the poor of the Parish.
Pur
oses of Restricted Funds
Berry Tru5t- Income from the land is to be used to benefit the poor and the youth of the Parish.
Bank of Ireland Deposit and Ulster Bank deposit- used for repairs and replacement of assets.
Sundry Restricted Funds- These relate to various sundry restricted funds.
17

Notes to the financial statements for the year ended 31 December 2024
15. Collectlons for Thlrd Partles
2024
Orange Semce
Adopt a thild
CMJ
Tearfund
UFM
Church Amiy
ICM
CMSI
772
1.403
2(K)
2LXJ
1,113
200
2(K)
2(K)
2(Y)
315
1.087
.716
The amounts above have been included in totsl income forthe year under Special collections15ee note 31.
16. Finanaal instruments
The Charity has the followinÈfinancial instruments..
2024
2023
Loans and recelvables held atamortlsed cost
Investments
15.917
657,054
27,105
15,630
387.259
12.610
Cash and cash equivalents
Sundry debtors
Other re￿1vIbleS
Investment in short term deposits
700,076
415.499
Financial liabilities measured at amortised
Bank loans and overdrafts
Accrua15 and othercreditors
9253
19,922
17. Analysis of NetA55ets Among Funds
General De98￿ed Restrirted
Endowment
2024
2023
Fixed A55etS
Investments
CurrentAssets
Current Liabilities
2,260.234
465AKK) 2,725,234
15.917
15,917
IB6,497
684.159
2,418,680
15,630
399,869
346.445
151.217
Net Assets at 31 December
2 597 426
151217
667 414 3 416 057
2 814 257
18