Loughgilly Parish Church Trustees, Annual report and Statement of Receipts and Payments and Assets and Liabilities For the year ended 31 December 2025 Charities Number: NIC104301 Loughgilly Parish Church Annual report and financial statements for the year ended 31 December 2025 Contents Pages References and administrative details of the Charity Trustees, report Independent Examiners Report to thc Tru5t¢es Receipts and payments account Statement of assets and liabilities Notes to the financial slatements 9- 11 Loughgilly Parish Church Referen¢e5 and administrative details Charity Name: Charity Registration Number.. Conta¢t Addres5: Loughgilly Parish NIC104301 115 Gosford Road, Loughgilly, Arniagh, B T60 2DS Trustees Mr Brian Stinson Mr Philip Rea Mr William Moore Mrs Doris Hamilton Mr Nornian Liggett Mr Colin Brown Mrs Jill Carson Mrs Laura Brown Mr David Mcllroy Mr Keith Cummins Mrs Irene Cummins Mr Houston Dillon Mr Dale Lockhart Mrs Yvonne Moore Mr Donovan Robb Principal Offiee-bearers Rector= Rector's Church Warden.. People's Church Warden.. Church Treasurer.. Church Secretary: No Rector. Vacancy period- Archdeacon Elizabeth Calms Mr William Moore Mr Houston Dillon Mr Philip Rea Mr Doris Hamilton Independent Examiner JDMR Limited Chartered Accountants & Registered Auditors 16 Church Sireet Dungannon Co Tyrone Principal Bankers Danske Bank POBOX 183 Donegall Square West Belfast BTI 6JS Trustees, Annual Report for the year ended 31 December 2025 The trustees present the annual report and statement5 Qf Receipts and Payments and Assets and Liabilities for Loughgilly Parish Church for the year ended 31 December 2025. Objectives and Activities The charitable purpose of the Church of Ireland is the advancement of religion. The prin¢ipal function of Loughgilly Parish Church is lo support ihe advancement of the Christian religion by promoting, through the work of Loughgilly Parish Church the whole mission of the Church. pastoral, evangelistic, social and ecumenical. 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- As a result of activity in the pursuit of the advancement of the Christian religion, Loughgilly Parish Church has cuslody of property and of record5, materials and artefacts of significance to the culiural and religious heritage and maintenance of which is undertaken by the select vestry of Loughgilly Parish Church. Achievements, Performance & Publlc Benefit Loughgilly Parish h&5 weekly Services on Sunday mornings comprising of a mix of Holy Communion, Family Servicel Baptism and Morning Prayer together with various other special services during the year e.g. Holy Week services, Harvest Thanksgiving services and Christmas Carol services. Pastoral care is also provided. There is also a thriving Sunday ￿h0O1. Trustees, Annual Report for tbe year ended 31 December 2025 (continued) Achievements, Performance & Public Benefit (continued) Loughgilly Parish Church is part of a group along with Acton and Drumbanagher Parish Churches. The 0￿1¢¢ of Rector is currently vacant. One member of the Parish serves on the Board of Governors of Mountnorris Primary School and supports and encourages the work of the school. The activities outlined above demonstrate how Loughgilly Parish Church Continue5 to implement its charitable purposes {i.e. the advancement of religion) and meets the Public benefit requirement. Benefits to members of the public include contribuling to spiritual well-being of participants and the reinforcement of Christian values. Loughgilly Parish Church has mitigated any potential harm from ihe activities through the implementation of the Church of Ireland policy on Safeguarding Trusl. The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure thal the activities entered into during the year have helped to achieve the Parish's objectives and activities, as well as providing public benefit. Finaneial Revi¢iv The principal source of income of Loughgilly Parish Church continues to be from Donalions and Plate Collections. The principal expense of Loughgilly Parish Church is in respecl of payments regarding Diocesan CostslAssessment and glebe / rectory expenses. Loughgilly Parish Church had a deficit of receipts over payments before other gains of £2,290.24 for the year ended 31 December 2025. Loughgilly Parish Church continues to be in a healihy financial stste as at 3 l December 2025 with tolal cash funds of £57,759.36. Loughgilly Parish Church aims to retain sufficient reserves to meet its expected future expenditure requirements as well a5 Potential future capital projects. Trustees, Annual Report for the year ended 31 December 2025 (continued) Structure, Gov¢rDance and Management Going Concern 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 Decemb¢r 2025 Can be signed off a5 a going ￿nCern. Governing Documenl and Constitulion of the Charity Chapter III of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees. ReerultmenÉ ahdAppolntmenl ofSelecÉ VesÉry (Truslees) 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 leasi three months, tnay register as tnember5 of the general vestry of the parish, &llowing them to attend and vote at meetings of the general vestry and io 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 ternis which may be served. Organisalional S¢ruelure The Select Vestry is responsible for the day to day management of the Parish. The Select Vestry consists of the Rector, the Churchwardens, the People's Glebewarden and generally not more than twelve other members of the general vestry. The Select Vestry is chaired by the Rector or other member of the clergy o￿l¢lating in the parish. Select vesty members are responsible for making decision5 on matters of general concern and importance to Ihe parish including deciding how parish funds are to be applied. The Select Vestry meets at times fixed by the members or by the di0ce5an Synod. Special meetings may be convened at any time by the chairperson or the churchwardens. Compliance with Public Benef The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit lo ensure thal the actives entered into during the year have helped to achieve the Parish's objectives and activities. as well as providing public benefit. Trustees, Annual Report for the year ended 31 December 2025 (continued) Statement ofTru5tees' Rfspon5ibilitieJ The trnstee5 are respoi)sible for preparillg the I riistees Retx)rt and the statement of r¢eeipts and paNm¢i)Is and stalement of a55els and Ii£ibiliiies in accordartce with applicable law and regulaiions. The la￿ applicable to eharitiLS in Northcrn Ireland with Incoinc of Icss than £250,000 r¢quires the trustees to prepare a slat¢iiitn( ofreLeipts and payments dnd a 5tal¢in¢nl of a5Kts and liabilities for ea¢h fin1￿claI year. The truslees are responsible for keeping accounting records that are sufficient to show and explain the Parish"'s Iransaclioiis and disLlos¢ with rea¥onabl¢ arcuracy at any time the assets and liabiliries of th¢ Parish. The>. are also responsible for safeguarding the assets of the Parish hence for taking reasonable s(eps for the prevention and detection of fraud and othcr irregularities. Signed on Behalfof the TTU5tees Doris Hamilton Date.. tslsltrts Philip ilea Date.. al412 Independent Examiners Report to the Trustees of Loughgilly Parish Church Re5 tive re5 onsibilities of the trustee5 and examiDer The charity's trustees responsibility for the preparation of the Érustees report and the accounts, as set out on pages 2 to I I, in accordance with applicable Northern Irish law and the accounting standards issued by the Accounting Standards Board and published by The Institute of Chartered Accountants in Ireland (Generally Accepted Accounting Practice in Northern Ireland) are set out in the Statement of Truslees, Responsibilities on page 5. The charity's trustees consider that an audit is not required for this year bui have requested that an independent examination be carried out. It is my responsibility to: Examine the accounts To follow the procedures laid down in the general directions given by the terms of our engagement and To state whether particular matters have come to my attention. This report, including the statement, has been prepared for &nd only for the charity's trustees as a body in accordance with the terms of our engagement and for no other purpose. We do not, in giving this statement, accept or assuine responsibility for any other purpose or to any other person to whom this report is shown or into whose hands it may come save where expressly agreed by our prior consent in writing. Basis of inde endent examiner's statement My examination was carried out in accordance with general directions given by the terms of our engagement. An examinalion includes a review of the accounting records kept by the charity and a comparison of the accounts presented within those records. It also includes consideration of any unusual items or disclosures within the accounts. and seeking ¢xplanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as lo whether the ac¢ount5 provide a 'true and fair. view and the report is limited to those matters set out in the statement below. Inde ndent examiner's statement In connection with my ¢xamination of the financial statements for the year ended 31 December 2025. no matter has come to my attention which gives me reasonable cause to believe ihaL in any material respect. the requirements.. to keep accounting records to prepare accounts which accord with the accounting reci)rds and comply with accounting requirements have not been met 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. i_k_ Jonathan Ruddell For JDMR Limited Chartered Accountants & Registered Auditors Dungannon Date: tfjlG Reeeipts and Payments ALcount for the year ended 31 December 2025 Unreslricieil D¢sl8n4ted RestTjCttd fund5 funds 1025 2015 Tot*1 IIEDds 2025 Ttstsl funds 2024 2025 R¥ceiNs Donaiioi)s & plaie Lolleciioiis Pr()cceds froin Fuiid R1( lSlI)g Evcnis Bank &. DL'posiI inierest IIivLslinini iiicome Rental ofprcinises O¢h¢r RcLeipis Rcceipis from lknrish Organisaiions Totil Re¢eipt$ 30.226.59 179.00 30.405.59 25,748.17 140.01 158.69 96.81 2.36i.00 192.50 346.86 158.69 151.63 96.81 2.464.93 2,365.￿ 16.282.Tr) 32,987.70 192.50 179.00 33J59.20 44,993.59 Pai'meKIs Diocc%an COSL￿AssesSment Church & Hall Running Cos Gleb¢lReciory Costs Adminisiraiive Costs Fundrdising Costs Chariiable Donaiion5 Other Tot*1 Piyment$ 13.781.28 12.421.91 7,329.18 835.23 42.04 846.00 214. 35,470.44 13,781.28 20,557.53 12.421.91 13,491.89 7329.18 6,003.42 83S.23 751.60 42.04 1.025.(X) 14.80 179.00 3S649.44 41,812.63 179. 750. D¢f¢elt of re¢elpls ovtr pgymethts b¢for¢ tr*ty$fer {2,482.74} 192.50 I23￿.24) J,180.96 Transfers Gross Iransf¢rs between funds- in 192.so 192.50 226.23 Gross irallsfe￿ between funds- oui 192.50 Deficit of re¢eipts ver p¥yments before other g*lnJ On Behalf of the Trn8tee8 Dori$ Hamilton Date.. Philip Rea Date-. Z>lsli6 Isl&6 71PagL Statement of As8ets and Liabilities a$ at 31 December 2025 Unr¢strirt¢d De$ignat¢d RtslrKted Funds 'unds Funds 2025 2025 2025 Tot81 2025 Tolgr 2024 Cash Danske No l Accovni Santsnder Bonds Danske Sunday Scltool t>anske Olive WalktT Bequest Tot*1 C•$h Fynd5 51.674.17 51.674.87 54.169.99 1.084.49 1,084.49 5.000.00 57,759J6 879.01 5.000.00 60 049.60 s.000.00 5,000.IKI 52,759J6 Invtstmeni A$5ets Gltb¢ Lands.'Fartnland RCB Investments Col Tru5Le¢s lThvestrnen (Xher Lisi¢d lrtvtSlm¢NIs Toi•l Invesiment knets 101.iJi.00 21.150.1)0 2.337_1 101.131.00 101.131.00 21,ISQ.00 19.415.(X) 2.337.11 2279.33 12{61&11 124ffj18.J 1 122J25J3 Asstts rei*iMtd (or the Parish's use Gl¢be House.qie¢tory Fixiures and Fiitin85 Toi*l Assets rei*ined for th¢ Parish's OV+n us¢ 150.000.00 150,fJOO.00 1SQ,¢)00.tKJ J50.000.QO 1511.000.INI 1S0,000.1)O Toul Assets 327J77.47 5.000.00 332J77A7 332￿?4.93 OD Behalf of the Trvstees Doris Hamilton Dale= Philip Rea Dale: 81Pttgi¢ Notes to the financial statements for the year ended 31 December 2025 l. Accounting policies Set out below are ihe principal aecounting policies which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities (a) Receipts and Payments Account All items of in¢ome and expenditure included within the Receipts and Paymenis A¢eount have been accounted for on a cash receipts basis. (b) Statement of Assets gnd Liabilities (i) Assets retainedfor the Parish's own use The assets of the Parish, retained for its own use comprise'.- Church Building and Graveyard Church Hall Glebe House/Rectory Fixtures and fittings The Church Building and Graveyard are deemed to be Heritage assets &% defined by the Charlties SORP {FRS102). These Heritage assets are not included in the statement of assets and liabilities 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 Church Hall is physically attached to ihe graveyard wall and as such is not separable as an individual asset. As such it is deemed to be a Herilage asset and no value is ￿ribed to it in th¢ statement of assets and liabilities. The Glebe House/Rectory is recognised at the estimaled net realisable value of the property. No depreeiation has been provided on the glebe houselrectory as the current estimated residual value is not less than its carrying value and the remaining use￿1 life currently exceeds 50 years. Fixtures and Fittings are recognised at cost and are deprecialed on a straight line basis over a period of 5 years. The church has set a minimum threshold of cost for an item of £500 for it to be considered to be capitalised as a fixed asset. ii) Investmellts Fixed asset investments comprising Glebe Lands/Farmland, Representative Church Body (RCB) Investments, Church of Ireland (COI) Trustees Inveslments and Other Listed Investments are initially recorded at cost and are then subsequently stated at fair value at each year end date. Notes to the financial statements for the year ended 31. December 2025 (continued) 2. Reconeiliatioll of Cash Funds Total Cash Funds at Beginning of the year Receipts for the Year Payments for the Year Total Cash Funds at end of the year 60,049.60 33,359.20 (35,649.44) £57,759.36 3. Movement in Funds AtlJa 2025 Intomiht Rtsourtt$ Out8OiD8 Re5ourreg At 31 Dt¢ 2025 Tr%n$ftrs G*ltyllLDssI D¢signaled lund$ Dan5ke- Olive Wajker beque51 5.000 00 5,000. 192.50 192.50 1192.501 1192.501 5,000.00 5.000 00 Rtstricted t￿￿15 Unrtstritted fuDdJ D￿k¢ No l A¢count D8nsk¢ Sunday School A.C 54,169.99 879.61 55,049. 33,154.32 1238 33,166.70 35,649.44 51.674.87 1.084.49 52,759.36 192.50 192.50 35,649.44 Tot*1 funds 60.049.60 33.359 20 35.649.44 57,759.36 4. Collfftions (or Third Parti Arniagh Hospice Royal British Legion 150.00 29.00 The above amounts have been included in Receipts for the Year under"Donations & plate collections" The full amount of £179.00 was paid out during ihe year and has been included in Payments for the year under "Charitable Donations" Notes to the financial statements for tbe year ended 31 December 2025 (continued) 5. Tran$2etlon$ with the Trustees The parish paid expenses of £7,329.18 during the year rclating to the running costs of thc glebe hous£lrectory which is occupied by the rector during the period of the rector's occupancy of it. 6. Governance Costs Govemance Costs of £660.00 We￿ incurred during ihe year which solely relate to fees paid to the independent examiner. Governance costs are included within Adrninistrative Costs in the Receipts and Payments Accounts.