Le' DRUMGLASS PARISH Annual report and tinancial statements For the year ended 31 st December 2025 Charity Niimber." NICJ04193
Annual report and f inancial statements for the year ended 31 December 2025 Contents Pages References and administrative details Trustees, Annual Report Independent audito¥s' report to the Trustee5 Statement of finan¢ial a¢tivltles Statement of financial p051tion Statèment of cash flows Notes to the financial 5tstements 10-21
Parlsh of Drumglass References and admlnislrative detalls Charity Name.. Parish of Drumglass Charity Registration Number-. NIC104193 Contact Address.. The Rectory 26 Circular Road Dungannon Co. Tyrone Trustees Rev Mark GallaBher Ichairl L Leckey (Secretary) D Thornpson (Treasurerl A Cardwell Iresi8ned April 20251 M Holmes L Blair L Stewart A Ferguson T Forsythe B Davidson R Houston W Blair A Magee M Boyle M Kerr Iresigned April 20251 E Kirk Iresigned April 20251 K Boyle (appointed April 20251 I stewart (appointed April 20251 D Smyth V Suitor (resigned April 20251 W Thompson Iresigned April 20251 I Cahoon lappolnted Aprll 20251 R Cummlngs (appointed April 20251 Rev Matthew Topley (resigned December 20251 Prlnclpal Offlce-b¢arers Rector.. Church Treasurer: Church Warden Clergv.. Church Warden - People: Rev Maik Gallagher DThomp5on M Holme5, L Blair I Cahoon, A Cardwell Independent Examlner Ruddell & Cornpany 16 Church Street Dungannon Co. Tyrone Bankers Danske Bank PO 8ox 183 Donegall Square West Belfast
Trusteeg Annual Report for the year ended 31 Decembèr 2025 Thè trustees present the annual report and accounts for the Parish of Drumglass for the year ended 31 December 2025. Obiertive5 and Actlv5tie5 The charitable purpose of the Church of Ireland is the advancement of religion. The princlpal function of the Parish of Drum8lass 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 ecumenical. Being open to at)d engaging with society as a whole and offerlnB support for those needin8 help are fundamental to the practical delivery ol the benefits of Chri5tiaTrity. As a result of activity in the pursult of the advancement of the Christian religion, the Parish of Drumglass has custody of property and of records, materia15 and artefact5 01 si8nificance to the cultural and religious herita8e and mainternance of which is undertaken by the select vestry of the Parish of Drumglass. Achlevèments. Perforniance & Publlc Benefft Drumglass Parish has weekly service5 on Sunday mornings and evenlnBs comprisin8 of a mix of Holy Communion. Family Service, Holy Baptism. Service of the Wor¢J, and Morning Prayer together with various other special servicès durlng the vear e.g. Lenten, Harvest thanksgiving, Advent and Christmas. There Is also a weekly shoppers, Service held on a Thur5dav morning. Pastoral care 15 provided lor parishioners and those in the wider tornmunity. A range of other activitles are provlded by Drumglas5 Parish either by the church directly or through various church organisations e.g. Choir, Sunday Sthool. Crèche, Youth Group. Prayer & Bible Study, Mother5, Union. Ladies. Guild, Senior Citizens, Clubs, 8adminton, Bowls, Table Tenni5, Th4U women's group, Stepping Stone5 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 maint3ins an ongolng partnershlp wlth Belfast Central Mission IBCMI. This organlzation. in conjunction with Housing Support for Young People provides food and household goods for vulnerable young people in the local communiry who are hornele55, leaving care Of Struggling to live independently. A partnership with 8arnabas Aid also exists for the distribution of food for those in need. There 15 an effective Inter-church co-operation within the local cemmunlty. Drumglass Parish plays an active role in Dungannon Churches Forum. and DunBannon 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 Governor5 of local schools and 5UPPOrt and encourage the work of the Schools helping to rnaintain good standards and practices. In addition. the staff of the Parish lead assernblie5 on a regular basis in six of our local school5. The Parish 5UPPOrt5 the work of other charities and missionary work by eithef making donations or holding special collections in respect of same. We support various charities and mission groups through ongoing deputation work. along with the 8iving of financial and prayerful 5UPPOrt from the Parish. The activities outlined above demonsirate how Drumg1ass Parish continues to implement Its charitable purposes li.e, the dvancement of religionl and meets the public Benefit requirement. Benefits to members of the public include contributing to spiritval well-being of participants and the reinforcement of Christian values. Drumglass Parish has fflitl8ated any potentlal harm from the activities it carries out through the implementation of the Church of Ireland Safeguarding Trust Policv.
Tru5tees' Annual Report for the year ended 31 Dember 2025 Icontlnuedl AchIeMentS, Pèrformance & Publlc Benefft Icontlnuedl The Parish ha5 given careful consideration to the Charity Commission 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. Flnandal Revlew The prlncipal 50ur¢e of Income of the Parish of Drumglass continue5 to be from Donations and Plate Collections. The prlncipal expense ol the Parish of Drumgla5S 15 in respect ot payments regarding Diocesan Costs/Assessment, salaries and church I hall repair5 and running expenses. The Parish of Drvmgla55 had a surplus of reiptS over payments before other galns of £87,113.90 for the year ended 31 December 2025. The Parlsh of Drumglass continues to be in a healthy financial state as at 31 December 2025 with total cash funds of £131,715.73. The Parlsh of Drumglass aims to retaln sufficient reserves to meet Its expected future expenditure requirernents as well as potential future capital projects. Golng Concern The tfustees have reviewed its planned expendlture for the year ahead and are satisfied that there a adequate funds in place to ensure that the Parish can continue Sts activSties and the financial statement5 for the year ended 31 December 2025 can be signèd off as a going concern. Structure. Governance and Management 6overnlng Document and Con5tlttstitin of the Churlty Chapter 111 ol the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees Recxuitment undAppointment oASelect Vesty All members of the Church of Ireland who are over the age of 18 and are elther resident within the parish or live elsewhere but have been aceusiomed members of the con8re8ation lor at least three month5, may register as membeTS 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 eletted 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 temis which may be served. Oryunistitlonalstrurture The selecl vestry is responslble for the day to day managernent of the parish. The select vestry consists of the mernber of the clergy servin8 in the parish, any curate assistant 1.the curate"). the churchwardens, the glebe wardens and generallv not more than twelve other members of the general vestry elerted at the General Vestry. The select vestry is chaired bythe incumbent oroiher member of the clergy officiating in the parish. Select vestry member5 are responsible for making decisions on rnatters of general concern and importance to the parish includin8 deciding how parish funds are to bè applied.
Trustees, Annual Report for thé year ended 31 December 2025 {contlnuedl The select vestry meets at time5 fixed by the members or by the diocesan synod. Special meetings may be convened at any time by the chairperson or the churchwardens. In 2025 the Select Vestry met 14 times during the year and the average attendance was 84%. Statefflent of Trustees. Re5PQn5Fbllitles The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and regulations. The law applicable to charitie5 in the Northern Ireland requires the trustees to prepare tinancial statements lor each financial year. Under that law the trustees have prepared the financial statement5 accordance wlth Generally Accepted Accounting Practice in the United Kingdom laccounting standard5 issued by the Financial Reporting Council in the UK includlng Charities 50RP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to char5ties preparing their aecounts in èceordance with the Financial Reportlng 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 Kingdorn Lawl Under that law the trustees must not approve the financial statements unless they are satisfied that they give 3 true and fair view of the state of the alfairs of the charity and of the statement of financial activities of the charity for that period. In preparing these financial statements, the trustee5 are required to.. select suitable accounting policies and then apply them consistently,. make judgments and estimates that are reasonable and prudent state whether the financlal statements have been prepared in accordance wilh applicable Accounting Standard5 and Identify the standards in question. subject to any material departUTes betng disclosed and explained in the financial statements; and prepare the financial statements on the 89ing concern basis unless it is inappropriate to presume that the Parlsh will continue as a going concern. The trustees are responsiblè for keeping accountlng records that are sufficient to show and explain the Parish's transaction5 and disclose wilh reasonable accuracy at any time the financial position of the Parish and enable them to ensure that the financial staternent5 comply with the Charities Act (Northern Irelandl 2008, the Charity (Accounts and Reports) Regulations INorthern Ireland) 2CM)8 and the provision of the Constitutlon of the church of Ireland. They are also responsible lor safe8uardinB the assets of the Parish and hence for taklng reasonable steps tor the prevention and detection of fraud and other irregularlties. Statement as to dlsclosure to our examiners In 50 far as the trustees are aware at the timing of approving our trustees. annual report: there is no relevant audit information of which the charstable 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 chariivs examiner is aware of that Information. Indèpendent Examlners The examiners, Ruddell & Company. have indicated their willingness to contlnue in offlce. and a resolution concerning their reappointment Wbll be proposed at the Annual Easter Vestry Meeting. On Behalf of the Trustees Trustee 2
Independent Examiners Report to the Trustees of Drumglass Parish Church I report on the account5 of the Charity for the year ended 31 December 2025. which are set out on page5 2 to 21. Respectlve rèsponslbllltles of charlty trustees and examiner As the charity'5 trustees you are responsible for the preparation of the accounts in accordance with the Charitles Act INorthern Ireland) 2008. It is my responsibility to.. • exarnine the account5 under section 65 of the Charities Aet follow the procedures laid down in the general Directions given by the Commission under section 6519llbl of the Charitie5 Act state whether particular matters have come to my attention. Basis of Independent examinerfs report I have examlned your charity accounts as required under section 65 of the Charlties Act and my examination was carried out in a¢tordance with the general Directions given by the Charity Commi55ion lor Northern Ireland under seaion 6519llbl ol 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 a159 included consideration of any unusual items or dlsclosures in the accounts, and seeking explanations from you as charity trustees concerning any such m3tters. 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 accofdance with section 63 of the Charities Act 2. That the accounts do not accofd with those a¢¢ounting 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 examlnerfs StatÈment I have tompleted my examination and have no concerns in respect of the matters lil to141 listed above and, in connection with following the Dlrections of the Charity Cornmi55ion for Northern Ireland, I have found no matters that require drawing to your attention. LJILII Jonathan Ruddell For Ruddell & Companv Dungannon
statement of Flnanclal Actlvltlès for the year ended 3L ember 2025 Unrestrkted Funds 2025 Restrided Funds 2025 Total 2025 Total 2024 Inc Donations & legacies Other tradin8 activities Investments f£lJ 208,365.96 12,031.62 835.47 24,963.78 10.599.20 49,391.95 17,421.76 257,757.91 29,453.38 835.47 24,963.78 10,599.20 351.494.09 51,620.13 1.380.36 22,790 27 Charitable activities Other Income- Ins Claim re Roof Total Income 256.796.03 66,813.71 323.609.74 427,284.85 Ex endlture on.. Generating funds Charitabl& activities Other 7 4slit 163.(X) 193.637.44 29,920.54 223,720.98 4,131.93 8,642.93 4.294.93 202,280.37 29.920.54 236.495.84 5.958.65 232,611.41 20,103.08 258.673.14 Total Ex endltur 12,774.86 Net Incomel IEMpèndlturel before transfers 33,075.05 54,038.85 87.113.90 168,611.71 TransfÈrs between funds 11.400.001 1,400.00 Net Incomel IExpenditurel before other recognlsed galns and losses 31,675.05 55,438.85 87.113.90 168,611.71 GainllLossl on investments assets Net movement In funds 31,675.05 55,438.85 87.113.90 168,611.71 Rèconclllatlon of funds: Total funds brought forward 369,917.64 679.395.34 1,049,312.98 880,701.27 Tot I fund arrled forward 401.592.69 734,834.19 1,136,426.B8 1,049.312.98
Statement of Finènclal Position as at 31 December 2025 Note 2025 2024 Fixed Assets Tangible Fixed Assets Investment Properties Investments Total fixed assets li 12 13 974,600.87 974,600.87 974.600.87 974.600.87 Currènt Assets Debtors Cash and cash equlvalent5 Total cUrnt 355ets 14 31,430.28 131.715.73 163.146.01 36.839.21 39,162.90 76.rK12.11 Credltors- amounts fallln8 duè wlthln one year Creditors Total creditors 15 1,320.00 1.320.CM] 1,290.00 1,290.00 Net Current A55ets 161.826.01 74.712.11 Total rbet Assèts 1,136,426.88 1,049,312.98 The funds of the parlsh Unrestricted fitnds General funds Designated funds Total unre51rirted funds Restricted Funds Endowment Fund5 365,845.15 35,747.54 401,592.69 734,834.19 342,226.92 27,690.72 369,917.64 679,395.34 17 17 17 Total charlty funds 1,136,426.88 1.049.312.98 The notes on pages 10 to 21 are an intègral part ol these financial statements. The financial statements on pages 7 to 21 were approved by the Board of Trustees on by.. *%31 2026 and signed on its behalf Trustee I Trustee 2
statement of Cash Flow5 for the yèar ended 31 December 2025 Total fvnds 2025 Total funds 2024 Ncrte Cash flows from operatln8 artivttles.. Net (Qsh provlded by (used In) open7tinq ortivitie5 Cash flows from Investlng actlvltles: Oividends, interest and rents from investments Proceed5 from the sale of property, plant and equipment Purchase ol property, plant and equipment Proceeds from sale of investments Purchase of investments 20 91,717.36 116,538.381 835.47 420.81 12,855.001 Net cash provldedby (used in) investinq activities Cash flows from finandng artlvltles: Repayments of borrowing Cash inflows frorn new borrowing Receipt of endowrnent 92,552.83 118,972.571 Net cash provlded by (used injfinancing ortivitles Chonge In cosh ond cash equivalents An the reportinq perd Cash and cash equlvalents at the be8lDnln8 of the reporting perlod Change in cash and cash equlvalents due to exchange rate movement5 Co5h ond cosh equfvalents at the end oAthe reportlng perlod 92.552.83 118,972.571 39.162.90 58,135.47 21 131,71S.73 39.162.90
Notes to the finantial statements for the year ended 31 DKember 2025 l. Accountln8 polldes The principal accounting policies adopted, judgements and key sources of estfrnatlon uncertainty in the preparation of the financial statements are as follow5.. al Basls of preparation The financial statements have been prepared on a Boing concern basis in accordance with Accounting and Reporting by Charitles.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- (Charities SORP IFRS 10211, the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS ID21. The Parish meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at hi5tori¢al cost and transaction value unles5 otherwssè Stated in the relevant accounting policy note. bl Preparation of accounts on a golng Concern basss Thè Parish generally meets its day to day working e3pital requiremenis from Its annual income. The Trustees have obtained and revlewed cash flow forecasts for the comin8 year and based on these are satisfied that the Parish has resource5 to provide a reasonable expectation that it can continue to meet its financial obligations as they fall due foi 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 recelpts 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 in¢ome have been met, it is probable that the ineome will be received and the amount can be measured reliably. Income frorn government and other 8rant5. whether'capital, grants or'revenue, grants, is recognlsed when the charlty 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 mèasurèd reliably and is not deferred. Legacies are included within income under either unre5tri¢ted or restricted funds according to the term5 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. dl Expenditure Expenditure is recognised once there 15 a legal or constructive obligation to make a payment lo a thlrd party, it 15 probable that settlement will be required and the amotsnt of the obligation can be measured reliably. Irrecoverable VAT Is charged as a c05t against the a¢tlvlty for which the expendlture was incurred. io
Note5 to the financial statements for the year ended 31 December 2025 l. Accountlng policles Icontlnuedl èl Tanglble a5SÈts The a5Sèts of the Parish cornprise.'_ Church Buildings Parlsh Centre Glebe House Fixtures and fitting5 The Church Buildings are deemed to be Heritage assets as defined by the CharStles SORP IFRS1021. These Herltage assets are not included on the balance sheet as information on the c05t or valuation is not available and such information cannot be obtained at a cost commensurate wlth the benefit to the user5 of the accounts an(1 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 Herita8e asset and no value is ascribed to it in the balance sheet as informatlon on the cost or valuat40n is not available and such information cannot be obtained at a cost commensurate with the benefit to the user5 01 the accounts and to the parish. The Glebe House is recognised at deemed cost, being the estimated falr value of the property at 31 December 2025. No depreciation has been provided on the glebe house as the current estimated residual valk*e 15 not less than its carrylng value and the remaining useful life currently exceeds 50 years. Fixtures and Fittings are recogni5ed at cost and are dèpreciated on a straight line basis over a period of 5 years. The assets, residual values and useful lives are reviewed, and adjusted, il appfopriate, at the end of each reporting perlod. The effect of any change is accounted for prospectlvely. The parish has set a minimum threshold of cost for an item to be considered to be capitalised as a fixed asset ol not less than El,000. Tangible a5SÈts are derecognised on disposal or when no future economic benefit5 are expected. On disposal, the difference between the new disposal proeeeds and the carrying amount is recognised in the statement of financial activities and included ¢n 'Other operating Ilossesl/gains'. fl Investments Fixed asset investments comprising investment propertie5, investments in equities and investrnent in RCB/ciT Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each balance sheet dale. 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 binning 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. 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. 80th realised and unrealised gains and losses in investments are reported within 'Net Gains / (Losses) on Investments" within the Staternent of Financial Activities.
Notes to the financlal statements for the year ended 31 December 2025 Icontlnuedl l. Accountlng pollcles Icontlnuedl Il Cash and cash *qul¥alènts Cash and cash equivalents include5 cash in hand, deposits held at call with banks. other short-term hi8hly 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) Flnancial instrument5 The Parish only has flnancial assets and financial liabilities of a kind thal qualify 35 basic financlal instruments. Basic financial in5trurnents are initially recognised at transaction price and subsequently measured at their settlernent value. 11 Funds Funds are classified as either restricted funds or unrestricted funds, defined as lollows. Restrirted fund5 are funds subject to speclfic requirements as to their use which may be declared by the donof or with their authority or created through legal processes, but sti1 wlthin the wider objects ol the Parish. Endowment funds are funds which have been given on the condition that the original capital Sum is not reduced. but the income there from 15 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 ol the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the tfUSteÈs for a particular purpose, they are de518nated as a separate fund. This designation ha5 an administrative purp05e only and does not legally restrict the trustees, discretion to apply the fund. 12
Notès to thè flnanclal statements for thè ar ended 31 December 2025 Icontlnuedl 2. Crltlcal accounting judgements and estimatlon uncertalnty 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 event5 that are believed to be reasonable under the circumstances. The Trustees do not con5idei that there are any critical judgments made in applylng the Parish's accounting policies or that there are any critical accounting estimates or assumptions which may have a significant risk of causing a materi31 adjustment to carrying amounts of a55ets and liabilities within the next financial year. 3. Donations and le8ac5es Unrestrirted Fund5 2025 Restricted Funds 2025 Total 2025 Total 2024 Plate Collections Weekly envelopes / FWO Tax recovered on Donations 7,109.72 149.587.25 28,451.20 17,407.79 7.109.72 176,486.25 34,043.45 17,407.79 5,233.20 17.477.50 257.757.91 6,250.04 192.899.10 40.315.29 90,500.00 6.489.66 15,040.00 351.494.09 26,899.00 5,592.25 Legacies Special Appeals Other Donations 5,233.20 11,667.50 49,391.95 5.810.00 208,365.96 4. Other tradlng artlvltlès Rentals frorn Parish Centre Grants received Special Fund Raising 4,294.62 5.810. 1.927.(KJ 12,031.62 2.200.(X) 6.494.62 5,810.00 17,148.76 29.453.38 7,056.52 10,480.32 34,083.29 51,620.13 15,221.76 17.421.76 5. Investments Dividends received Rental Income- Investment Properties Bank interest 443.78 443.78 420.81 391.69 835.47 391.69 835.47 959.55 1.380.36 6, Charitable activltles Weddings and funerals Magazine Other 10.485.90 10,485.90 845.00 11.053.75 2,801.50 8,935.02 845.00 13,632.88 24,963.78 13,632.88 24,963.78 22,79Q.27 13
Notes to the flnanclal statemènts for the ar ended 31 December 2025 Icont5nuedl 7. Analysls of Expendtture Unrestricted Funds 2025 Restrlcted Funds 2025 Total 2025 Total 2024 Genèratlng Funds Fundraisin8 COSts other 163.00 4.131.93 4,294.93 5,958.65 163.00 4,131.93 4,294.93 5.958.65 Charltablè A¢ilvltles Wages and Salaries Oiocesan Costs/A55e55ment Church Runnlng Costs Glebe Costs Church and hall repairs Charitable donations Administration Costs 33.134.28 97,767.35 27.881.98 6.735.71 17,652.20 595.00 9,870.92 193.637.44 33,134.28 97,767.35 31,015.41 8,794.11 18,852,20 2,764,60 9,952.42 202,28CI.37 35,388.21 131,819.32 27,499.81 4.520.86 7.064.02 5,613.00 20,706.19 232.611.41 3.133.43 2.058.40 1,2W 00 2,169.60 81.50 8.642.93 Othèr Costs Youthwork Clergy & Missionary Gifts Other Total Expendlture 993.04 13,500.00 15,427.50 29,920.54 993.04 1,352.28 5.950.00 12.800.80 20,103.08 13,500.00 15.427.50 29,920.54 Administration costs of £9,952.42 were incurred during the yea[ of which £1,320.00 relates to lees paid to the independent examiner. 14
Notes to the financial statements for the year ended 31 Decembèr 2025 Icontinuedl 8. Gain /ILossl on Investment Assets 202S 2024 Unrealised fair value Bains / IIOs5esl on investments Unrealised fair value 83in5 1 Ilossesl on inve5trnènt properties Realised gains / Ilossesl on investment5 Realised gains/llossesl on investment properties 9. Taxatlon The Parish of Drumgla55 15 recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on it5 charitable activities. 10. Analysis of staff tosts, trustee remuneratlon and expenses, and the c05t of key management personnel Employee5 2025 2024 Net salaries and wages PAYE and national insurance costs Work Place Pension Total 27,855.75 4,992.20 286.33 33,134.28 30,527.49 4,169.21 691.51 35.388.21 The average number ol employees during the year. calculated on the basis of a head count. was as foll¢)ws'. 2025 Number 2024 Number Ministerial support Administration Mu51C Staff Premises rnainten3nce There are no employee5 in receipt of employee benefits in excess of £60.000 15
Notes to the flnan¢lal statements for the year ended 31 December 2025 Icontinuedl 11.Tangible fixed assets Offlce Equipment Buildrn85 Total Cost At beginning of the year Additions Disposals At end of the year 969,520.87 5,080.00 974.600.87 969,520.87 5.080.00 974,600.87 Depreciation At beginning of the year Depreciatitrn Disposals At end of the year Net booik value at beginning of the year Net book value at end of the year 969,520.87 969,520.87 5,080.Tr) 5.080.(X) 974,600.87 974,600.87 12. Investment Propertles Balance at Beginning of the year Additions during the year Disposals during the year Fair Value Gains / (Lossesl Balance at end of the year 16
Notes to the financial statements for the yeai ended 31 December 2025 Icontlnuedl 13. Investments Listed Investments Other Investments Total Balance at beglnning of the year Additions during the year Disposals durin8 the year Fair Value gain / Ilossl on investments Balance at end of the year Analysjs of Investments Equity Investments Other Listed Investments Investments in RB Unit Trusts Other unlisted investments 14. Oebtors 2025 2024 Gift Aid 31,430.28 31,430.28 36,839.21 36,839.21 15. Creditors Amounts Due within l Year 2025 2024 Accruals and other creditors Taxation and Soclal Security Bank Loans 1,320.00 1,290.00 1.320.00 1.290.00 17
Note5 to the 1Snanclal statement5 for the year ended 31 December 2025 Icontlnuedl 16. Financial instruments The company has the following financial instruments'.2025 2025 2024 Loans and recelvables held at amortisèd cost Investments Sundry debtors 31.430.28 36,839 21 Other receivables Investment in short terrn deposits 132,701.56 164,131.84 44,507.56 81,346.77 Flnanclal Ilabllltles measured at amortised cost Bank loans and overdrafts Accruals and other creditors 985.83 1,320.00 2,305.83 5,344.66 1.290.00 6,634.66 17. Analysls of Net Assèts Among Funds Total 2025 Total 2024 General Desi8nated Rtstrlcted Flxed Assets Investments Current Assets Currenl Liabilities Net assets at 31 Decerrtber 311,798.50 662,802.37 974,600.87 974,600.87 55,366.65 11,320.001 365.845.15 35,747.54 72,031.82 163.146.01 11.320.001 1,136.426.88 76,002.11 11.290.001 1.049,312.98 35,747.54 734.834.19 18
Notes to the financial statements for the year ended 31 December 2025 Icontinuedl 18. Funds of the Parlsh Atljan 2025 At 31 Dec 2025 Incomè Expenditure Transfers Endowment fund5 None Restrlcted fund5 Building Fund Alc Building Fund No 2 Alc General Alc A2J Youth Alc General Fund- non bank 3,988.56 3.491.41 30.00 139.00 671,746.37 679,395.34 2.121.00 63,746.26 5,2(X).60 32.60 14286.751 66,813.72 16,391.831 14.213.431 12,030.601 1139.001 600.00 800.00 317.73 63,824.24 3,200.00 32.60 667,459.62 734,834. 19 112.774.861 1.400.00 Unrestricted fund5 Oesignated Catering Alc Designated Compassion Alc Designated St Eliz. Sen Cit12en A/c Designated St Eliz. Ladies Guild Al Designated Table Tennis Club Alc Designated A2J Youth Alc Oesignated Badminton Alc Designated Bowling A/c Designated Select A/c- Bowling Designated St Eliz. Bowling Alc Designated Moyg. Rec Bowling A/c DesiBnates Fit4Life A/c Dèsignated Wages Alc General A/c General Fund- Danske Investment General Fund- Subscriptions Alc General Fund- non bank 4.332.09 2,262.29 6,312.67 6,451.23 4.246.07 899.24 1,889.05 486.21 264.56 494.98 52.25 6,153.50 1445.501 10,040.09 2.262.29 3,533.77 9,638.44 5.016.38 426.82 2,042.35 686.18 270.55 412.05 52.25 1.366.29 0.08 14.132.401 32.726.02 2.709.00 6.486.55 4,700.00 295,92 3,981.00 685.LKI 5.99 327.07 14.987.901 12,619 341 13,429.691 1768.341 13,027.701 1185.031 1500.001 1680.001 1500.001 1800.001 1300.001 1410.001 1,862.11 1518.321 132,877.951 (174,421.211 22.50 32,877.95 11,536.55 212.00 143.269.001 0.08 15.321.231 9,144.44 164.073.49 23,369.58 43,269.00 11.132.181 338,403.71 130.001 337.251.53 369.917.64 256,796.03 (223.720.981 I1,4.00) 401,592.69 Total funds 1,049.312.98 323,609.74 (236,495.841 1.136,426.88 19
Notes to the financial 5tatement5 for the year ended 31 December 2025 Icontinuedl 19. Collectlon for Third Parties 2025 2024 Bishops, Appeal Hospice Centre4Christianity World Vision Gifty Heating for Hope UDR 900.00 800.00 288.70 32.60 397.00 90.00 1,709.60 211.ixl 1612.50 Mission to Seafarers Benburb District Killyman District MUVE 654.38 372.25 382.50 2,753.20 4,697.33 The amounts above have been included in total income for the year under 'Donalions and legacles- and in total expenditure for the year under 'Charitable Activities". 20. Reconclllatlon of net Inwmellempendlturel to cash flow from operatlng actlvltlts 2025 2024 Net incomellexpendÉtvrel for the reporting period las per the statement of flnanclal actlvltiesl Adjustments for- Depreciation charges Dividends. interest and rents from investments Lossllprofitl on the sale of fixed a55ets Ilri¢reasÈl/decrease in debtors Incre3se/ldecreasel in creditors Net cash provlded by lused Inl operatlng actlvities 87.113.90 168.611.71 1835.471 1420.811 5.408.93 30.00 91,717.36 1755.951 1183,973.331 116,538.381 20
Notes to the finandal statements for the year ended 31 December 2024 Irontinuedl 21. AnalysFS of cash and cash equlvalents 2025 2024 Cash In hand Notice deposits (les5 than 30 days) Overdraft facility repayable on demand Total cash and cash equlvalents 337.17 132.364.39 1985.831 131,715.73 416.77 44,090.79 15,344.661 39,162.90 22. Transactlons with the trustees The par¢sh pèid expenses of £8,794.11 during the year relating to the runninÈ ¢osts of the rectory (vacant from September 20241 and the curatage Iwhich was ciccupied by curate Rev Matthew Topleyl. The parish also paid è bursary of £7,500.00 to Rev Matthew Topley. A special collection of £2,480.00 wa5 made as a gTft for Rev Matthew Topleywhich was paid after the year end. 21