Chartered Accountants and Registered Auditors Parish of Kinawley and Holy Trinity Trustees, Annual report and Statement of Receipts and Payments and Assets and Liabilities For the year ended 31 December 2023 Charity Number: 105440 CHARTERED ACCOUNTANTS IRELAND Chartered Tax Adviser,. Regisiered to earry out audil work and regulated lor a range ol investment business a¢livilie5 in the United Kingdom by the Institule ol Chartered Accounlanls in Ireland Page I Parish of Kinawley and Holy Trinity Annual report and financial statements for the year ended 31 December 2023 Contents Pages Contents References and administrative details of the Charity Trustees, report Independent Examiners Report to the Trustees Receipts and payments account Statement of assets and liabilities Notes to the financial statements 9-13 Page 2 Parlsh of Kinawley and Holy Trinitv References and administrative details Year ended 31 December 2023 Charity Name- Derrylin/CloghanlKinawley & Holy Trinity/KilmorelChurch of Ireland Charity Registration Number: 105440 Contact Address: 146 Main Street Derrylin Enniskillen BT92 9PD Trustees Mrs Heather Bothwell Mrs Sara Jordan Mrs Helen Finlay Mr David Willis Mrs Hazel Elizabeth Matilda Latimer Mrs Rachel June Whittendale Mr William George Darling Mr Jonathan Willis Mrs Betty Emo Mr William John Finlay Mr Brian Richard Graham Mr Billy Griffith Mr Gareth Peel Mr Albert Swan Mr William Charles Surphlis Mrs Hazel Wilson Mr Sam Rooney Mrs Carol Follis Mrs Joanne Willis Rev Alastair Donaldson Earl of Erne Principal Office-bearers Clergy: Church Treasurer: Church Warden Kinawley Parish Church- Clergy: Church Warden Kinawley Parish Church- People- Church Warden Holy Trinity Church, Crom- Cler8y: Church Warden Holy Trinity Church, Crom- People: Church Warden Christ Church, Drumany- Clergy: Church Warden Christ Church, Drumany- People: Rev. Alastair Donaldson Mrs Carol Follis Mr Billy Griffith Mr Sam Rooney Mr George Darling Mrs Hazel Latimer Mr Jonathan Willis Mr Bertie Swan Independent Examiner S Stenson FCA Patton Rainey and Associates 6 East Bridge Street Enniskillen Co. Fermanagh BT74 7BT Bankers Ulster Bank Limited 16 Darling Street Enniskillen Co Fermanagh BT74 7ER Page 3 Parish of Kinawley and Holy Trinity Trustees, Annual Report for the year ended 31 December 2023 The trustees present the annu31 report and statements of Receipt5 and Payments and Assets and Liabilities for the Parish of Kinawley and Holy Trinity for the year ended 31 December 2023. Objectives and Activitles The charitable purpose of Kinawley and Holy Trinity Parish Church of Ireland 15 the advancement of religion. The principal function of the Parish of Kinawley and Holy Trinity is to support the advancement of the Christian religion by promoting. through the work of the Parish of Kinawley and Holy Trinity 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 Christianitv. As a result of activity in the pursuit of the advancement of the Christian religion, the Parish of Kinawley and Holy Trinity 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 Kinawley and Holy Trinity. Achievements, Performance & Public Benefit As a Parish we meet regularly on a Sunday morning for praise, prayer and hearing the Bible taught. A variety of services are offered across our three sites. including the Lord's Supper once a month. Other services are offered from the Book of Common Prayer including Morning Prayer and Service of the Word. On the fourth Sunday of each month, there is a United Service aimed at bringing three different congregations within the Parish together. This is reasonably informal in nature. All our services are open to anyone to join in, and we deliberately aim to make them accessible and friendly to visitors and newcomers. We also aim to make our services accessible to all ages and backgrounds. A children's talk is delivered at services in Derrylin and Crom (with the exception of the United Service), after which the childien leave to attend Sunday School. There is also a creche for children under the age of Alongside all this is the regular teaching of the Bible in small groups, pastoral visitation and care, and training of Church members. The Girls Friendly Society. and other activities for young people were run during the year to provide opportunities for fun and games, social outings and Bible study. There is a Mother's Union, that meets monthly, who seek to serve others. A First Tuesday Group also run on a monthly to provide a social outing for the older members of the Parish. A Friendship Service is held on a monthly basis to minister to and from those with special needs. We a150 have a number of social groups such as dancing and bowls which use Church facilities. As a Parish we have provided support to mission and outreach through donations, to both local and international programmes and have missionary links through mission societies such as Crosslinks, SAMS and CMS. The Parish of Kinawley & Holy Trinity strives to maintain good relatior15hip5 Wlth neighbouring Church of Ireland Parishes, the Methodist congregations at Knockninny and Florencecourt and the Enniskillen Presbyterian Church. The Parish has 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 activitie5, as well as providing public benefit. Page 4 Parish of Kinawley and Holy Trinitv Trustees, Annual Report for the year ended 31 December 2023 (continued) Financial Review The Receipts and Payments Account is set out on page 7 and the Statement of Assets and Liabilities at 31 December 2023 is included on page 8. The main sources of income were planned giving and freewill offerings. The Receipts and Payments Account shows an excess of receipts over payments of £30,035. There were no funds in deficit for the year ending 31 December 2023. Going Concern The trustees have reviewed the Parish finances 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 3 1 December 2023 can be signed off as a going concern. Structure. Governance and Management Governing Document ond Constitution of the Chority 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 (Trustee5) 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, alSowing them to attend and vote at meetings 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 is elected as part of this General Vestry meeting. The Select Vestry members 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. Pay and remuneration The Incumbent is paid directly by the Diocese and receives stipend in accordance with figure5 approved by the General Synod of the Church of Ireland. Page 5 Parish of Kinawley and Holy Trinity Trustees, Annual Report for the year ended 31 December 2023 Icontinuedl Organi5ationalStrurture 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 ofthe 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. 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 2023 the Select Vestry met 10 times during the year and the average attendance was 85Y.. Compliance with Public Benefit The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the actives entered into during the year have helped to achieve the Parish's objectives and activitie5, as well as providing public benefit. Statement of Trustees, Responsibilities The trustees are responsible for preparing the Trustees, Report and the statement of receipts and payments and statement of assets and liabilities in accordance with applicable law and regulations. The law applicable to charities in Northern Ireland with Income of less than £250,000 requires the trustees to prepare a statement of receipts and payment5 and a statement of assets and liabilities for each financial year. 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 asset5 and liabilities of the Parish. 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. Signed on Behalf of the Trustees Mrs. C Follis Rev A Donaldson th Date 15 April 2024 Jauizdj cfts/zJorn Chartered Accountanls and Registered Auditors Page 6 Parish of Kinawley and Holy Trinity Independent Examiners Report to the Trustees of Kinawley and HolyTrinity I report on the accounts of Kinawley and Holy Trinity for the year ended 31 December 2023, which are set out on pages 7 to 14. Respertive Responsibilities of Charity Trustees and Examiner As the Charity's Trustees you afe responsible for the preparation of the accounts in accordance with the Charities Act {Northern 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 65(9)Ib) of the Charities Act. State whether particular matters have come to my attention. Basis of Independent Examinees 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 Comrnission for Northern Ireland u nder Section 65(91{bl of the Charities Act. My examination included a review of the accounting records kept by the Charity and a compari50n of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Charity Trustees concerning any such matters. My role is to State whether any material matters have come to my attention giving me cause to believe-. That accounting records were not kept in accordance with Section 63 of the Charities Act. That the accounts do not accord with those accounting records. That the accounts do not comply with the accounting requirements of the Charities Act. That there is further information needed for a proper understanding of the accounts to be reached. Independent Examiner's Report I have cornpleted my examination and have no concerns in respect of the matters {1} to141 listed above and, in connection with following the directions of the Charity Cornmission for Northern Ireland, I have found no matters that require drawing to your attention. tenson FCA Patton Rainey & Associates Chartered Accountants 6 East Bridge Street Enniskillen BT74 7BT Date.. 15, A ril 2024 CHARTERéD ACCOUNTANTS IRELAND Chartered Tax Advis Registered to carry oul au¢il work and r8gulaied lor a range ol invesiment business activilies in the United Kingdom by the Inslilute of Chartered Accountants in Ireland Page 7 Parish of Kinawley and Holy Trinity Receipts and Payments Account for the year ended 31 December 2023 Unrestrirted Funds 2023 Restricted Funds 2023 Endowment Funds 2023 Total Funds 2023 Note Recei Donations & plate collection Proceeds from Fund Raising Events Legacies Bank & Deposit interest Investment income Rental of premises Grants Graveyard & Burial Fees Other Receipts Receipts from Parish Organisations Income from Equity Investments 93,134 1,200 93,134 1,200 457 472 8,550 204 661 472 8,550 850 3,026 850 3,026 18.915 7.183 26.098 Total Recei ts 126,604 7,387 133,991 Pa ments Diocesan CostslAssessment Church Running Costs Glebe Costs Parish Centre Costs Administration Costs Charitable Donations Fundraising Costs other Payments 64,212 14.350 4,041 973 1,303 6.162 350 12,565 64,212 14.350 4.041 973 1,303 6.162 350 12,565 Total Pa ments 103.956 103,956 Excess of Receipts over Payments for the year before transfers 22,648 7,387 30.035 Transfers 14.000) 4,000 0.00 Excess of Receipts over Payments for the year 18,648 11,387 30.035 On behalf of the trustees: ((2e. Mrs C Follis Rev A Donaldson Date 15, April 2024 Page 8 Parish of Kinawley and Holy Trinity statement of Assets and Liabilities as at 310ecember 2023 Unrestricted Funds 2023 Restricted Endowment Funds Funds 2023 2023 Total Funds 2023 Cash Funds Current Accounts 69,950 69,567 383 Total Cash Funds 69,567 383 69,950 Investment A55ets Equity Investments Investments in RCB / CIT Unit Trusts Investment Properties Total Investment Assets 73,183 304,351 41.001 325,000 670,352 231,168 41.001 125,000 356.168 200,000 273,183 41,001 Assets retained for the Parish's own use Parish Centres Glebe House Fixtures & Fittings Total Assets retained for the Parish's own use 360,000 360.000 200,000 40,000 600,000 200,000 40,000 400,000 200,000 On Behalf of the Trustees Rev A Donaldson Mrs C Folli5 th Date IS April 2024 Page 9 Parish of Kinawley and Holy Trinity Notes to the financial Statements for the year ended 31 December 2023 Accounting policies Set out below are the principal accounting 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 income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. (bl Statement of Assets and Liabilities (il Assets retainedfvr the Parish's own use The assets of the Parish, retained for its own use comprise-_ Church Building and Graveyard Parish Halls Glebe House The Church Buildings and Graveyards are deemed to be Heritage assets as defined by the Charities SORP (FR5102) 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 Parish Halls are recognised at Trustee'5 estimated at cost of construction l acquisition. No depreciation has been provided on the Parish Hall buildings as the current estimated residual value is not les5 than it5 carrying value and the remaining useful life currently exceeds 50 years. The Glebe House is recogni5ed at deemed cost, being the estimated fair value of the property at 31 December 2023. No depreciation has been provided on the glebe house as the current estimated residual value is not less than it carrying value and the remaining useful life currently exceeds SO years. ill Investments Fixed asset investments comprising investment properties, investments in equities and investments in Unit Trusts are initially recorded at C05t and are then subsequently stated at fair value at each year end date. Investments in unquoted investments are recorded at cost and are assessed annually for impairment. The Glebe Lands are stated at the Trustee's estimate of fair value and the bungalow owned by the Parish is stated at cost of acquisition. Page 10 Parish of Kinawley and Holy Trinity Notes to the financlal statements for the year ended 31 December 2023 Icontinuedl Other Receipts Unrestricted Restrirted Total 2023 Power Nl GFS Services Church Magazines Nl Water- Overcharge repayment Social NIE Pole Rent DDRG Balance from closed account 600 789 715 600 789 715 108 518 26 270 108 518 26 270 3,026 3.026 Charitable Donations Unrestricted Restricted Total 2023 Earthquake Appeal -British Red Cross Best Bursary Scheme Derrylin First Tuesday Derrylin Mothers Union Scripture Union Teemore Hall Development Association Royal British Legion Poppy Appeal 500 1,000 300 112 1.000 3,000 250 500 1,000 300 112 1,000 3.000 250 6.162 6,162 Fundraising Costs Unrestricted Restricted Total 2023 Performance Fee 350 350 350 350 Page 11 Parish of Kinawley and Holy Trinity Notes to the financial statements forthe year ended 31 December 2023 Icontinuedl Other Payments Unrestricted Restricted Total 2023 Sunday School Expenses Church Magazines Harvest Expenses Special Collection Seat Cushion5 Repairs Bishops 10-year anniversary present Catering Parish Lunch Embrace Social Dehumidifier Organ Tuning & Maintenance Gift Day Performance Fee Services to Music Church Repair Fund Rates re Bungalow 1.335 741 loo 1.299 3,031 2,180 loo 400 500 1,156 285 loo 300 loo 938 1,335 741 loo 1.299 3,031 2,180 loo 400 500 1.156 285 loo 300 loo 938 12.565 12,565 Current Accounts and Cash Unrestricted Restricted Total 2023 Bungalow Account Crom Church Account Community Account General Savings Account Main Current Account Lodgement Account Bequest & Donation Account 23,748 11,867 550 23,748 11.867 550 15,344 16,574 1,484 15,344 16.574 1,484 383 383 69,567 383 69.950 Page 12 Parish of Kinawley and Holy Trinlty Notes to the financial statements for the year ended 31 December 2023 {continued) Reconciliation of Cash Funds Unrestricted Restricted Total 2023 Total Cash Funds at Beginning of the year Receipts for the Year Payments for the Year Total Cash Funds at end of the year 282,087 126.604 1107.9561 300,735 66,179 7,387 348,266 133.991 1107,9561 374,301 73,566 Movement in Funds AtlJan 2023 Incoming Resources Outgoing Resources At 31 Dec 2023 Transfers Endowment funds Income Bonds 41,001 41,001 41,001 41,001 Restricted funds Bequest & Donation Account Equity Investments 66,179 204 7.183 166.0001 66.000 383 73,183 66,179 7,387 0.00 73,566 Unrestricted funds Crom Church Account General Savings Account Main Account Lodgment Account Community Account Bungalow Account Equity Investment5 11.059 15.339 8,437 2,659 550 31.790 212,253 2.288 1,480 11.867 15.344 16,574 1,484 550 23.748 231,168 95,974 2,525 106,476 18,638 13.700) 6.897 18,915 114,9381 282,087 126,604 107,956 0.00 300,735 Total funds 389.267 133,991 107.956 0.00 415,302 Page 13 Parlsh of Kinawley and Holy Trinity Notes to the financial statements for the year ended 31 December 2023 {continuedl Pur oses of Endowment Funds Income Bonds with RCB- the income is to be used for general Parish running costs. Pur oses of Restricted Funds Bequest Fund - the income is to be used for the general Parush running costs. Equity Investments held under Professional Management- the income is to-be used for the general Parish running costs. Pur oses of Desi nated Funds The Bungalow Account-The Trustees have set aside fund5 for expenditure relating the Bungalow. Transactions with the Trustee5 The parish paid expenses of £4,041 relating to the running costs of the glebe house. There were no payments made to trustees or persons connected to them: IS. Governance Costs Governance cost5 were NIL during the year, as Kinawley and Holy Trinity Parish have not been required to file an Annual Return with Charities Commission Nl from 31 December 2019 due to Covid-19.