Ill
DRUMGLASS PARISH
Annual report and financial statements
For the year ended 31st December 2024
Charity Number.. NIC104193

Annual report and financial statements for the year ended 31 December 2024
Contents
Pages
References and administrative details
Trustees, Annual Report
Independent auditors, report to the Trustees
Statement of financial activities
statement of financial position
Statement of cash flow5
Notes to the financial statements
10-21

Parish of Drumglass
References and administrative details
Charity Name..
Parish of Drumglass
Charity Re8lStration Number:
NIC104193
Contact Address:
The Rectory
26 Circular Road
Dungannon
Co. Tyrone
Trustee5
Rev Matthew Topley
L Blair (appointed April 20241
W Blair lappointed April 20241
L Stewart lappointed April 20241
A Cardwell
B Davidson
A Ferguson
T Forsythe
M Holmes
R Houston
D Buckley (resigned April 20241
A Smyth (resigned April 20241
D Patterson Iresigned April 20241
M Kerr
E Kirk
L Leckey
A Magee
D Smyth
V Suitor
D Thompson
W Thompson
M Boyle
H Armstrong Iresigned April 20241
N Cheevers Iresigned April 20241
D Nesbitt (resigned April 20241
Prlnclpal Office-bearers
Curate Assistant:
Church Treasurer-
Church Warden- Clergy..
Church Warden - People..
Rev Matthew Topley
D Thompson
M Holmes, L Blair
E Kirk, A Cardwell
Independent Examiner
Ruddell & Company
16 Church Street
Dungannon
Co. Tyrone
Bankers
Danske Bank
PO Box 183
Donegall Square West
Belfast

Trustee￿ Annual Report for the year ended 31 December 2024
The trustees present the annual report and accounts for the Parish of Drumglass for the year ended 31 December 2024.
Objectives and Activitles
The charitable purpose of the Church of Ireland is the advancement of religion.
The principal function of the Parish of Drumglass is to support the advancement of the Christian religion by promoting,
through the work of the Parish of Drumglass the whole mission of the Church, pastoral, evangelistic. social and ecurnenical.
Being open to and engaging with society as a whole and offering support for those needing help are fundamental to the
practical delivery of the benefits of Christianity.
A5 a result of activity in the pursuit of the advancement of the Christian religion, the Parish of Drumglass 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 the Parish of Drumglass.
Achievements, Performance & Publlc Beneflt
Drumglass Parish has weekly services on Sunday mornings and evenings comprising of a mix of Holy Communion, Family
Service, Holy Baptism. Service of the Word, and Morning Prayer together with various other special services during the
year e.g. Lenten, Harvest thanksgiving, Advent and Christmas. There is also a weekly Shoppers, Service held on a Thursday
morning. Pastoral care is provided for parishioners and those in the wider community.
A range of other activities are provided by Drumglass Parish either by the church directly or through various church
organisations e.E. Choir, Sunday School, Crèche, Youth Group, Prayer & Bible Study, Mothers, Union, Ladies, Guild, Senior
Citizens, Clubs, Badminton, Bowls, Table Tennis, ￿4u women's group, Stepping Stones Carer and Toddlers Group,
Brownies, Rainbows, and Guides. The Holiday Bible Club is held annually over a 5 day period culminating in a Family Fun
Night.
Drumglass Parish maintains an ongoing partnership with Belfast Central Mission IBCMI. This organization, in conjunction
with Housing Support for Young People provides food and household goods for vulnerable young people in the local
community who are homeless, leaving care or struggling to live independently. A partnership with Barnabas Aid also exists
for the distribution of food for those in need.
There is an effective inter-church co-operation within the local community. Drumglass Parish plays an active role in
Dungannon Churches Forum, and Dungannon Churches Together, as a part of which joint services are held on a regular
basis.
A number of members of the Parish serve on the Boards of Governors of local schools and support and encourage the work
of the schoo15 helping to maintain good standards and practices. In addition, the staff of the Parish lead assemblies on a
regular basis in six of our local schools.
The Parish supports the work of other charitie5 and missionary work by either making donations or holding special
collections in respect of same. We support various charities and mission groups through ongoing deputation work, along
with the giving of financial and prayerful support from the Parish.
The activities outlined above demonstrate how Drumglass Parish continues to implement its charitable purposes {i.e. the
advancement of religion) and meets the public Benefit requirement. Benefits to members of the public include contributing
to spiritual well-being of participants and the reinforcement of Christian values.
Drumglass Parish has mitigated any potential harm from the activities it carries out through the implementation of the
Church of Ireland Safeguarding Trust Policy.

Trustees, Annual Report for the year ended 31 December 2024 (continued)
Achievements, Performance & Public Beneflt {contlnued)
The Parish has given careful consideration to the Charity Commission for Northern Ireland'5 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.
Financlal Review
The principal source of income of the Parish of Drumg13ss coritinues to be from Donations and Plate Collections.
The principal expense of the Parish of Drumglass is in respect of payments regarding Diocesan Costs/Assessment,
salaries and church / hall repairs and running expenses.
The Parish of Drumglass had a surplus of receipts over payments before other gains of £168,611.71 for the year
ended 31 December 2024.
The Parish of Drumglas5 continues to be in a healthy financial state as at 31 December 2024 with total cash funds
of £39,162.90.
The Parish of Drumglass aims to retain sufficient reserves to meet its expected future expenditure requirements
as well as potential future capital projects.
Goin8 Con￿rn
The trustees have reviewed its 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 31 December
2024 can be signed off as a going concern.
Structure, Governance and Management
Governing Document and Constitution of the Charity
Chapter 111 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
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 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 general 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 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 terms which may be served.
Organisational Strurture
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, any curate ass1Stant I'the curate"). 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 or other member of the clergy officiating in the parish. Select vestry members
are responsible for making decisions on matters of general concern and importance to the parish including deciding how
parish funds are to be applied.

Trustees, Annual Report for the year ended 31 December 2024 Icontinuedl
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 chairperson or the churchwardens. In 2024 the select Vestry met 14 time5 during the year and the average
attendance was 84Yo.
Statement of Trustees, Responsibilitie5
The trustees are responsible for.preparing the Trustees. Report and the financial statements in accordance with applicable
law and regulations.
The law applicable to charities in the 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 issued by the Financial Reporting Council in the UK
including Charities SORP IFRS 1021 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 "and promulgated by the Institute of Chartered Accountants in the United Kingdom and
United Kingdom Lawl Under that law the trustees must not approve the financial statements unless they
are satisfied that they Eive a true and fair view of the state of the affairs of the charity and of the statement of financial
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 consistently:
make judgments 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 being 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 as a going concern.
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 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 (Northern 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.
Statement as to disclosure to our examiners
In so far as the trustees are aware at the timing of approving our trustees. annual report:
there is no relevant audit information of which the charitable examiner is unaware; and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
examination information and to establish that the charity's examiner is aware of that information.
Independent Examiners
The examiners, Ruddell & Company. have indicated their willingness to continue in office. and a resolution concerning
their reappointment will be proposed at the Annual Easter Vestry Meeting.
On Behalf of the Trustees
Trustee I
Trustee 2

Independent Examiners Report to the Trustees of Drumglass Parish Church
I report on the accounts of the Charity for the year ended 3 1 December 2024, which are set out on pages 2 to 21.
Respective responslbilities of charity trustees and examlner
As the charity's trustees you are responsible for the preparation of the account5 in accordance with the Charities Act
INorthern Ireland} 2008.
It is my 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 6519llbl of the
Charities Act
state whether particular matters have come to my attention.
Basis of independent examinerfs report
I have examined your charity accounts as required under section 65 of the Charities Act and my 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.
My examination included a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It a150 included consideration of any unusual items or disclosures in the accounts, and
seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe..
l. That accounting records were not kept in accordance with section 63 of the Charities Act
2. That the accounts do not accDrd with those accounting records
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 examinerfs statement
I have completed my examination and have no concerns 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.
Jonathan Ruddell
For Ruddell & Company
Dungannon
6 14)11-

Statement of Financial Actlvities for the year ended 31 December 2024
Unrestricted
Funds
2024
Restricted
Funds
2024
Totsl
2024
Total
2023
Note
Income
Donations & legacies
Other trading activities
Investments
Charitable activities
Other income
279,600.26
16,277.84
1,380.36
22,790.27
71,893.83
35,342.29
351,494.09
51,620.13
1,380.36
22,790.27
276,674.60
54,472.24
668.11
19,463.28
Total Income
320,048.73
107,236.12
427.284.85
351,278.23
enditure on:
Generating funds
Charitable activities
other
642.00
210,498.55
18,953.08
230,093.63
5,316.65
22,112.86
1.150.00
28,579.51
5,958.65
232,611.41
20,103.08
258,673.14
5,122.35
274,797.73
14,828.42
294,748.50
Total Ex
endlture
Net Income/ IExpenditurel before
transfers
89,955.10
78.656.61
168,111.71
56.529.73
Transfers between fund5
1108,587.221
108.587.22
Net Income/ (Expenditure) before
other recognised gains and105ses
118,632.121
187,243.83
168,611.71
56,529.73
Gain/lLossl on investments assets
Net movement in funds
118,632. 121
187,243.83
168,611.71
56,529.73
Reconciliation of funds".
Total funds brought forward
388,549.76
492.151.51
880,701.27
824,171.54
Total funds carried forward
369,917.64
679,395.34
1,049,312.98
880,701.27

Statement of Financial Position as at 31 December 2024
Note
2024
2023
Fixed Assets
Tangible Fixed Assets
Investment Properties
Investments
Total fixed assets
li
12
974,600.87
971,745.87
13
974,600.87
971.745.87
Current Assets
Debtors
Cash and cash equivalent5
Total current assets
14
36.839.21
39,162.90
76,002.11
36,083.26
58,135.47
94,218.73
Creditors- amounts falling due within one year
Creditors
Total creditors
15
1,290.00
1,290.00
185,263.33
185,263.33
Net Current Asset5
74,712.11
191,044.601
Total net Assets
1,049,312.98
880,701.27
The fund5 of the parish
Unrestricted funds
General funds
Designated funds
Total unrestricted funds
Restricted Funds
Endowment Funds
342,226.92
27.690.72
369,917.64
679,395.34
366,399.22
22,150.54
388.549.76
492,151.51
17
17
17
Total charity funds
1,049,312.98
880,701.27
The note5 on pages 10 to 21 are an integral part of these financial statements.
th
The financial statement5 on pages 7 to 21 were approved by the Board of Trustees on 8 April 2025 arid Signed on its
behalf by..
Trustee I
Trustee 2

Statement of Cash Flows for the year ended 31 December 2024
Total
funds
2024
Total
funds
2023
Note
Cash flows from operating activities:
Net cash provided by (used in) operating ortivities
Cash flows from investing activities:
Dividends, interest and rents from investments
Proceeds from the sale of property, plant and equipment
Purchase of property, plant and equipment
Proceeds from sale of investments
Purchase of investments
20
116,538.381 110,781.711
420.81
180.83
12,855.001 121,563.501
Net C05h provided by (used inj investing octivitie5
Cash flows from financing activities:
Repayments of borrowing
Cash inflows from new borrowing
Receipt of endowment
118,972.571 132,164.381
Net cosh provided by (used inj financing artivities
Change In c05h ond c05h equlvolents In the reporting period
Cash and cash equivalents at the beginning of the reporting period
Change in cash and cash equivalents due to exchange rate movements
Cosh and cash equivalents ot the end of the reporting period
118,972.571 132,164.381
58,135.47
90.299.85
21
39,162.90
58,135.47

Notes to the financial statements for the year ended 31 December 2024
l. Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the
financial statements are as follows:
a) Basis of preparation
The financial statements have been prepared on a going 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- (Charitie5 SORP IFRS 10211, the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.
The Parish meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at
historical cost and transaction value unless otherwise stated in the relevant accounting policy note.
b) Preparation of accounts on a going concern basis
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 obligations as they fall due for the foreseeable
future. Therefore. these financial statements have been prepared on a going concern basis.
cl Income
Plate Collections and Weekly Envelopes income are accounted for on a cash receipts 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 conditions attached to the income have been met, it is probable that the income will be
received and the amount can be measured reliably.
Incomè 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 received 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 is made and when the amount can be quantified with reasonable certainty. Donations and gifts in kind are
brought into the accounts at their fair value to the Parish.
d) Expendlture
Expenditure is recognised once there is a legal or constructive obli83tion 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 activity for which the expenditure was incurred.
10

Notes to the financial statements for the year ended 31 December 2024
l. Accountin8 policies Icontinuedl
e) Tanglble assets
The assets of the Parish comprise:_
Church Buildin8S
Parish Centre
Glebe House
Fixtures and fittings
The Church Buildings are deemed to be Heritage assets 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.
The Parish Centre is physically attached to the church and is not separable as an individual asset. As such it is deemed to
be a Heritage asset 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 benefit to the users of the accounts and to the
parish.
The Glebe House is recognised at deemed cost, being the estimated fair value of the property at 31 December 2024. No
depreciation has been provided on the glebe house 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 reco8nised at cost and are depreciated on a straight line basis over a period of S yèars. The assets,
residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect
of any change is accounted for prospectively.
The parish has set a minimum threshold of cost for an item to be considered to be capitalised as a fixed asset of not less
than £1,000.
Tangible assets are derecognised 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 Ilossesl/gains'.
n Investments
Fixed asset investments comprising investment properties, investments in equities and investment in RCBICIT Unit Trusts
are initially recorded at cost 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 cost and fair value at the end of the year. Realised gains 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 / ILossesl on Investments" within the
Statement of Financial Activities.

Notes to the flnancial statements for the year ended 31 December 2024 Icontinuedl
l. Acmunting pollcles (continued)
g) Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid
investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within
Creditors Amounts falling due within l year.
h} Financial 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.
11 Funds
Funds are classified as either restricted funds or unrestricted funds, defined as follow5.
Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with
their authority or created through legal processes, but still within the wider objects of the Parish.
Endowment funds are funds which have been given on the condition that the Of igin31 capital sum is not reduced, but the
income there from is used for the purpose defined in accordance with the objects of the Parish.
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If part5 of
the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are desiEnated as a
separate fund. This designation has an administrative purpose only and does not legally restrict the trustees, discretion to
apply the fund.
12

Notes to the financial statements for the year ended 31 December 2024 (continued)
2. Crltlcal accounting judgements and estimation Un￿rtaintY
Estimates and judgments made in the process of preparing the financial statements are continually evaluated and are
based on historical experience and other factors, including expectations of future events that are believed to be
reasonable under the circumstances. The Trustees do not consider that there are any critical judgments 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.
3. Donations and legacies
Unrestricted
Funds
2024
Restricted
Funds
2024
Total
2024
Total
2023
Plate Collections
Weekly envelopes / FWO
Tax recovered on Donations
Legacies
Special Appeals
Other Donations
6,250.04
153,554.10
29.768.79
88,500.00
642.33
885.00
6,250.04
192,899.10
40,315.29
90,500.00
6,489.66
15,040.00
351,494.09
6.062.38
161,667.09
41.885.66
13.000.00
38.036.75
16,022.72
276,674.60
39,345.00
10,546.50
2000.00
5,847.33
14,155.00
71,893.83
279,600.26
4. Other trading activities
Rentals from Parish Centre
Grants received
Specia5 Fund Raising
5,256.52
10,480.32
541.00
16,277.84
1,800.00
7,056.52
10.480.32
34,083.29
51,620.13
7,674.08
2,225.00
44,573.16
54,472.24
33.542.29
35,342.29
S. Investments
Dividends received
Rental Income- Investment
Properties
Bank interest
420.81
420.81
180.83
959.55
959.55
487.28
1,380.36
1,380.36
668.11
6. Charitable activltles
Weddings and funerals
Magazine
Other
11,053.75
2,801.50
8,935.02
22,790.27
11,053.75
2,801.50
8,935.02
22,790.27
12,776.00
1,898.04
4,789.24
19,463.28
13

Notes to the financial statements for the year ended 31 December 2024 Icontinuedl
7. Analysis of Expenditure
Unrestricted
Funds
2024
Restricted
Funds
2024
Total
2024
Total
2023
Generating Funds
Fundraising costs
Other
642.00
5,316.65
5,958.65
5,122.35
642.00
5,316.65
5.958.65
5,122.35
Charitable Activities
Wages and Salaries
Diocesan Costs/Assessment
Church Running Costs
Glebe Costs
Church and hall repairs
Charitable donations
Administration Costs
35,388.21
131,819.32
27.499.81
4,520.86
294.00
559.67
10,416.68
210,498.55
35,388.21
131,819.32
27,499.81
4,520.86
7,064.02
5.613.00
20,706.19
232,611.41
53,138.12
124,244.73
29,154.12
7,318.75
7,940.90
20,780.70
36,505.64
274,797.73
6,770.02
5,053.33
10,289.51
22,112.86
Other Costs
Youthwork
Clergy Gifts
Other
Total Expenditure
1,352.28
4.800.00
12,800.80
18,953.08
1,352.28
5,950.00
12.800.80
20,103.08
1,614.96
2,070.00
11,143.46
14,828.42
1,150.00
1.150.00
Administration costs of £20,706.19 were incurred during the year of which £1.290.00 relates to fees paid to the
independent examiner.
14

Notes to the financial statement5 for the year ended 31 December 2024 {continuedl
8. Galn /ILossl on Investment Asset5
2024
2023
Unrealised fair value gains / Ilossesl on
investments
Unrealised fair value gains I Ilossesl on
investment properties
Realised gains / Ilossesl on investments
Realised gainslllossesl on investment properties
9. Taxation
The Parish of Drumglass is recogni5ed as a charity for the purposes of applicable taxation legislation and is therefore
not subject to taxation on its charitable activities.
10. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel
Employees
2024
2023
Net salaries and wages
PAYE and national insurance costs
Work Place Pension
Total
30,527.49
4,169.21
691.51
41.778.87
5,672.48
1,401.54
48,852.89
35,388.21
The average nurnber of employees during the year, calculated on the basis of a head count, was as follows:
2024
Number
2023
Number
Ministerial support
Administration
Music staff
Premises maintenance
There are no employees in receipt of employee benefits in excess of £60,000
15

Notes to the financial statement5 for the year ended 31 December 2024 Icontinuedl
11. Tangible flxed assets
Office
Equipment
Buildings
Total
Cost
At beginning of the year
Additions
Disposals
At end of the year
969.520.87
2,225.00
2,855.00
971,745.87
2.855.00
969,520.87
5,080.00
974.600.87
Depreciation
At beginning of the year
Depreciation
Disposals
At end of the year
Net book value at beginning of the year
Net book value at end of the year
969.520.87
969,520.87
2,225.00
5,080.00
971,745.87
974,600.87
12. Investment Propertles
Balance at Beginning of the year
Additions during the year
Disposals during the year
Fair Value Gains / ILossesl
Balance at end of the year
16

Notes to the financial statements for the year ended 31 December 2024 Icontlnuedl
13. Investments
Listed
Investments
Other
Investments
Total
Balance at beginning of the year
Additions during the year
Disposals during the year
Fair Value gain / (loss} on
investments
Balance at end of the year
Analysis of Investments
Equity Investments
Other Listed Investments
Investments in RB Unit Trusts
Other unlisted investments
14. Debtors
2024
2023
Gift Aid
36,839.21
36,839.21
36,083.26
36,083.26
15. Creditors Amoijnts Due within l Year
2024
2023
Accruals and other creditors
Taxation and Social Security
Bank Loans
1.290.00
1.260.00
184.003.33
185,263.33
1,290.00
17

Notes to the financial statements for the year ended 31 December 2024 (continued)
16. Financial instruments
The company has the following financial instruments:2024
2024
2023
Loans and receivables held at amortised cost
Investments
Sundry debtors
36,839.21
36.083.26
Other receivables
Investment in short term deposits
44.507.56
81,346.77
58,135.47
94,218.73
Financial liabilities measured at amortised cost
Bank loans and overdrafts
Accruals and other creditors
5,344.66 184,003.33
1,290.00
1,260.00
6,634.66 185,263.33
17. Analysis of Net Asset5 Among Funds
Total
2024
Total
2023
General
Designated
Restrirted
Fixed Assets
Investments
Current Assets
Restricted Funds held in
General/Designated accounts
Current Liabilities
Net assets at 31 December
311,798.50
662,802.37
974,600.87
971,745.87
31,748.42
27.829.72
16.423.97
76.002.11
94,218.73
130.001
(1,290.001
342,226.92
1139.001
169.00
11,290.001 1185,263.33)
1,049,312.98
880.701.27
27,690.72
679,395.34
18

Notes to the financlal statements for the year ended 31 De￿mber 2024 (continued)
18. Funds of the Parish
Atljan
2024
At31 Dec
Income
Expenditure
Transfers
2024
Endowment funds
None
Restricted funds
Building Fund Alc
Building Fund No 2 A/c
Renovations Loan Wc
Restricted funds in Investment Alc
4,998.08
4,653.89
1184,003.331
3,175.50
(171,175.861
5,760.50
86,684.29
16,770.021
15,408.281
110,197.881
3.988.56
3,491.41
182,438.491
194.201.21
13.175.501
108,587.22
92,444.79
122,376. 181
7.479.97
Unrestricted funds
Designated Catering Alc
Designated Compassion Alc
Designated St E5iz. Sen Citizen A/c
Designated St Eliz. Ladies Guild A/c
Designated Table Tennis Club Alc
Designated A2J Youth A/c
Designated Badminton A/c
Designated Bowling Alc
Designated Select A/c- Bowling
Designated St Eliz. Bowling Alc
Designated Moyg. Rec Bowling Alc
Designated Wages Alc
General Alc
General Fund- Danske Investment
General Fund- Subscriptions Alc
General Fund- non bank
5,412.16
2.262.29
1.945.92
4,326.79
4,246.07
1,561.66
738.73
612.50
260.09
717.00
52.25
15.08
7,485.31
15,672.15
6,616.93
1697.001
17,000.001
4,332.09
2,262.29
6,312.67
6,451.23
4,246.07
1,038.24
1,889.05
486.21
264.56
494.98
52.25
0.08
15,291.231
9,144.44
11,736.00
7,155.25
500.00
927.53
3,403.82
360.00
4.47
252.98
180.00
16,869.251
15.030.811
1500.001
1500.001
{1,450.951
11,653.501
1186.291
1600.001
1300.00}
1325.00)
1150.001
130.001
1150.001
134,726.701
34,711.70
(187,812.461
14,305.54
1340.001 (102,329.461
146.075.001
160,730.38
96,141.75
46.07S.00
725.95
1,006,569.13
2,855.00
1.010,150.08
1,051,877.13
334,810.06
(236,266.961
(108,587.221
1,041,833.01
Total funds
880,701.27
427.254.85
265,643.14
1,049,312.98
19

Notes to the financial statements for the year ended 31 December 2024 {continued)
19. Collection for Third Parties
2024
2023
Bishops, Appeal
Hospice
Centre4Christianity
World Vision - Gifty
Heating for Hope
UDR
900.00
1,775.00
2,929.00
288.70
397.00
90.00
1,520.00
1,565.85
478.85
1612.50
Dungannon Primary School
Benburb District
Killyrnan District
MUVE
654.38
372.25
382.50
4,862.33
8,433.70
The amounts above have been included in total income for the year under "Donations and legacies" and in total
expenditure for the year under "Charitable Activities"
20. Reconciliation of net income/{expenditurel to cash flow from operating activities
2024
2023
Net incomellexpenditure) for the reporting perlod las per the statement of
financial activities)
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
Loss/lprofitl on the sale of fixed assets
Ilncreasel/decrease in debtors
Increaselldecreasel in creditors
Net cash provided by (used in) operating activities
168.611.71
56,529.73
1420.811
1180.83
1755.951
(183,973.331
116,538.381
11,343.94
165,786.671
110,781.711
20

Note5 to the financial statements for the year ended 31 December 2024 Icontinuedl
21. Analysis of cash and cash equivalents
2024
2023
Cash in hand
Notice deposits (less than 30 days)
Overdraft facility repayable on demand
Total cash and cash equivalents
416.77
44,090.79
15,344.661
39,162.90
112.02
58,023.45
58.135.47
22. Transaction5 With the trustees
The parish paid expenses of £4.520.86 during the year relating to the running costs of the rectory and other houses
occupied by Rev Bryan Martin and curate Rev Matthew Topley. The parish also paid a bursary of£l.300.00 to Matthew
Monteith. A special collection of £1,150.00 was made for a gift for Rev Brian Martin.
21