PRS Patton Rainey I Stenson Limited CHAR TEIIED ACCOUNTANTS & riEGISTERED AUDITORS Parish of Kinawley and Holy Trinity Financial Statements For the year ended 31 December 2024 Charity Number: 105440 CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered lo carry out audit work and regulated lor a range of inveslment busine55 activities in the United Kingdom by th8 Institute ol Ghartered A¢countanl$ in Ireland Page I Parish of Kinawley and Holy Trinity Annual report and financial statements for the year ended 31 December 2024 Contents Pages Contents References and administrative details of the Charity Trustees. report Independent Examiners Report to the Trustees Income Statement Balance Sheet Notes to the financial statements 9-13 Page 2 Parish of Kinawley and Holy Trinity References and administrative details Year ended 31 December 2024 Charity Name- Derrylin/Cloghan/Kinawley & Holy Trinity/Kilmore/Church of Ireland Charity Registration Number- 105440 Contact Address: 146 Main Street Derrylin Enniskillen BT92 9PD Trustees Mrwilliam George Darling Mrs Betty Emo Earl of Erne Mrs Helen Flnlay Mrs Carol Follis Mrs Rachel June Whittendale Mr Brian Richard Graham Mr Jonathan Willis Mrs Sara Jordan Mrs Joanne Willis Mrs Gladys Thompson Mrs Hazel Wilson Principal Office-bearers Clergy: Church Treasurer: Church Warden Kinawley Parish Church- Clergv: Church Warden Kinawley Parish Church- People.. Church Warden Holy Trinity Church, Crom- Clergy.. Church Warden Holy Trinity Church, Crom- People: Church Warden Christ Church, Drumany- Cler8y- Church Warden Christ Church, Drumany- People: Glebe Warden- Clergy= Glebe Warden- People: Vacant Mrs Carol Follis Mr Sam Rooney Mr David Willis Mrs Hazel Latimer Dane Robinson Mr Bertie Swan Mr Gareth Peel Mrcharlie Surphlis Mr William John Finlay Independent Examiner Thomas Samuel Patton FCA Patton Rainey Stenson Limited 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 2024 The trustees present the annual report. income statement and balance sheet for the Parish of Kinawley and Holy Trinity for the year ended 31 December 2024. Objettives and Activities The charitable purpose of Kinawley and Holy Trinity Parish Church of Ireland is 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 Christianity. 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 airn to make them accessible and friendly to visitors and newcomer5. We also aim to make our services accessible to all ages and background5. A children's talk is delivered at services in Derrylin and Crorn (with the exception of the United Service), after which the children leave to attend Sunday School. There is also a creche for children under the age of Alongside all thi5 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 outing5 and Bible study. There is a Motherfs Union, that meets monthly, who seek to serve others. A First Tuesday Group a150 run on a monthly to provide a Social outing for the older member5 of the Parish. A Friendship Service is held on a monthly basis to minister to and from those with special need5. We also have a number of social groups such as dancing and bowls which use Church facilities. A5 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 relationships with neighbouring Church of Ireland Parishes, the Methodist congregations at Knockninny and Florencecourt and the Enniskillen Presbyterian Church. The Parish ha5 given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activitie5 entered into during the year have helped to achieve the Parish's objectives and activities, as well as providing public benefit. Page 4 Parish of Kinawley and Holy Trinity Trustees, Annual Report for the year ended 31 December 2024 Icontinuedl Financial Review The income staternent is set out on page 7 and the balance sheet at 31 December 2024 is included on page 8. The main sources of income were investment income. insurance payments, planned giving and freewill offerings. The income statement shows a deficit of income over expenses of1£52,9181 for the year ending 31 December 2024. 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 31 December 2024 can be signed off as a going concern. Structure. Governance and Management Governing Document ond 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 und Appointment of Select Vestry (Trustees) 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 15 elected a5 part of this General Vestry meeting. The Select Vestry Members will hold their positions for 3 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 figures 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 2024 (continued} Organisational Structure The select vestry is responsible for the day to day management of the parish. The select vestry consist5 of the member of the clergy serving in the parish, the churchwardens, the glebe wardens and generally not more than twelve other members of the general vestry elected at the General Vestry. The select vestry is chaired by the incumbent or other member of the clergy officiating in the parish. Select vestry members are responsible for making decisions on matters of general concern and irnportance 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 rneetings may be convened at any time by the chairperson or the churchwardens. In 2024 the Select Vestry met 10 times during the year and the average attendance was 80¥.. Compliunce with Public Benefit The Parish h35 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 objective5 and activities. 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 payment5 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 payments 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 assets and liabilitie5 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. On behalf of the trustees: fuAL Laes4 Mr5 C Follis Canon Ruth West Date: 30 April 2025 PRS Patton Rainey I Stenson Limited CHAf4TERED ACCOUNTANTS Page 6 & REGISTERED AUDITORS Parish of Kinawley and Holy Trinity Independent Examlners Report to the Trustees of Kinawley and HolyTrinity I report on the financial staternents of Kinawley and Holy Trinity for the year ended 31 December 2024, which are set out on pages 7 to 13. Respective Responsibilities of Charity Trustees and Examiner As the Charity's Trustees you are responsible for the preparation of the financial statements in accordance with the Charities Act {Northern Ireland) 2008. It is my responsibility to- examine the financial statements 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 Examiner's Report I have examined your Charity financial statements 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 financial Statements presented with those records. It also included consideration of any unusual items or disclosures in the financial statements. and seeking explanations from you a5 Charity Trustees concerning any such matters. My role is to state whether any material matters have corne 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 financial statements do not accord with those accounting records. That the financial statements do not comply with the accounting requirements of the Charities Act. 4. That there is further information needed for a proper understanding of the financial statements to be reached. Independent Examinerfs Report 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. Thornas Samuel Patton FCA Patton Rainey Stenson Limited Chartered Accountant5 6 East Bridge Street Enniskillen BT74 78T Date.. 30 April 2025 CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered lo carry out audit work and regulated lor a range of inveslrnenl business activiti8S in the United Kingdorn by the In51ilUte ol Chartered Aceounlants in Ireland Page 7 Parish of Kinawley and Holy Trinity Income Statement for the year ended 31 December 2024 Unrestricted Funds 2024 Restricted Funds 2024 Endowment Funds 2024 Total Funds 2024 Note Income Donations & plate collection Proceeds from Fund Raising Events Legacies Bank & Deposit interest Investment income Rental of premises Grants Graveyard & Burial Fee5 Other income Collections for third parties Income from Equity Investments 72,191 8,492 2.000 74,191 8.492 976 512 9,250 981 512 9.250 6,973 150 156,070 1,637 26,427 6,973 150 156.070 55 21.483 1,582 4,944 Total Income 269,179 15,504 284,683 Ex enditure Diocesan Costs/Assessrnent Church Running Costs Glebe Costs Parish Centre Costs Administration Costs Charitable Donations Fundraising Costs Other Payments 65,634 22,898 3,768 226,305 2,015 4,320 65,634 22,898 3,768 233.278 2.015 6.902 6,973 2,582 3,106 3,106 Total Ex enditure 328.046 9,555 337,601 Profit (Loss) for the year 158,8671 5.949 152.9181 Transfers Proflt (Loss) for the year {58,867} 5,949 152,9181 On behalf of the trustees: Mrs C Follis Canon Ruth West Date: 30 April 2025 Page 8 Parish of Kinawley and Holy Trinity Balance Sheet as at 31 December 2024 Unrestricted Funds 2024 Restricted Funds 2024 Endowment Funds 2024 Total Funds 2024 Cash Funds Current Accounts 124.217 388 124,605 Total Cash Funds 124,217 388 124,605 Investment Assets Equity Investments Investments in RCB / CIT Unit Trusts Investment Properties Total Investment Assets 117.651 79.127 196,778 41,001 325,000 562.779 41,001 125,000 242,651 200,000 279,127 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 Total Assets Creditors less than l year 766.868 15001 766,368 479,515 41,001 1.287.384 15001 1,286.884 479,515 41,001 Represented by- Opening Funds Profit/Loss for year Closing Funds 825,235 158,8671 766,368 473,566 5,949 479.515 41,001 1.339.802 152,9181 1.286,884 41,001 On Behalf of the Trustees uJeJF Mrs C Follis Canon Ruth West Date: 30 April 2025 Page 9 Parish of Kinawley and Holy Trinity Notes to the financial statements for the year ended 31 December 2024 Accounting policies These financial statements have been prepared in accordance with Financial Reporting Standard FRS102 'Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provision5 of Section IA "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost conventions and the accruals basis. Set out below are the principal accounting policies which have been adopted in the compilation of the income statement and balance sheet. (a) Income Statement All items of income and expenditure included within the income statement have been accounted for on an accruals basis. Ibl Balance Sheet (i) Assets retainedfor the Purish'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 c05t or valuation is not available and such information cannot be obtained at a c05t commensurate with the benefit to the users of the financial statements and to the parish. The Parish Halls are recogni5ed at Tru5tee'5 estimated at cost of construction / acquisition. No depreciation has been provided on the Parish Hall buildings as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. 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 it carrying value and the remaining useful life currently exceeds 50 years. ii) Investments Fixed asset investments comprising investment properties, investments in equitie5 and investments in Unit Trusts are initially recorded at cost 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 financial statements for the year ended 31 December 2024 (continued) Other Income Unrestricted Restricted Total 2024 RCB Vacancy Fund Church Magazines Insurance Payment NIE Pole Rent 864 722 154.457 27 864 722 154,457 27 156,070 156,070 Charltable Donations Unrestricted Restricted Total 2024 Cros51inks Faith Mission Derrylin First Tuesday Scripture Union Teemore Hall Development Association Royal British Legion Poppy Appeal Special Collection 1,000 200 1,000 200 300 1,000 3.000 300 1,102 6,902 300 1.000 3.000 20 280 1,102 2,582 4.320 Fundraising Costs Unrestricted Restricted Total 2024 Performance Fee Page 11 Parish of Kinawley and Holy Trinity Notes to the financial statements for the year ended 31 December 2024 {contlnuedl Other Payments Unrestricted Restricted Total 2024 Sunday School Expenses Church Magazines Bouncy Castle Property Maintenance re Bungalow Rates re Bungalow 750 722 140 516 978 750 722 140 516 978 3,106 3.106 Current Accounts and Cash Unrestricted Restricted Total 2024 Bungalow Account Crom Church Account 81.624 13.330 550 81,624 13,330 550 Community Account General Savings Account Main Current Account Lodgement Account Bequest & Donation Account 373 373 25,900 2,440 25,900 2,440 388 388 124,217 388 124.605 Reconciliation of Cash Funds Unrestrirted Restrirted Total 2024 Total Cash Funds at Beginning of the year Receipts for the Year Payments for the Year Total Cash Fund5 at end of the year 300.735 287.981 346,848 241.868 73,566 374,301 5.949 293,930 346,848 79,515 321,383 Page 12 Parish of Kinawley and Holy Trinity Notes to the financial statements for the year ended 31 December 2024 (continued) Movement in Funds Atljan 2024 Incoming Resources Outgoing Resources At 31 Dec 2024 Transfers Endowment funds Income Bonds 41,001 41.001 41,001 41,001 Restricted funds Bequest & Donation Account Equity Investments 383 73,183 388 79,127 5,944 73,566 5,949 79,515 Unrestricted funds Crom Church Account General Savings Account Main Account Lodgment Account Community Account Bungalow Account Equity Investments 11,867 15,344 16,574 1,484 550 23,748 231,168 1,963 29 99.204 2,956 500 13.330 373 25.900 2.440 550 81,624 117,651 115,0001 256,470 12,0001 346.348 162,346 21,483 1104,4701 1135,000} 300,735 287,981 346,848 241,868 Creditors Investment Properties Restricted Unrestricted Assets for Own Use Restricted Unrestricted 15001 15001 200,000 125,000 200.000 125.000 200,000 400,000 925,000 200.000 400,000 925.000 Total funds 1,339,802 293,930 346,848 1,286,884 Pur oses of Endowment Funds Income Bonds with RCB - the income is to be used for general Parish running costs. Pur ose5 of Restricted Funds Bequest Fund - the income is to be used for the general Parish running costs. Equity Investments held under Professional Management - the income 15 to -be used for the general Parish running costs. Pur oses of Desi nated Funds The Bungalow Account- The Trustees have set aside funds for expenditure relating the Bungalow. Page 13 Parish of Kinawley and Holy Trinity Notes to the financial statements for the year ended 31 December 2024 (continued) Transactions with the Trustees The parish paid expenses of £3,768 relating to the running costs of the glebe house. There were no payments made to trustees or persons connected to them. 10. Governance Costs Governance costs of £300 were incurred during the year which relates to fees paid to the accountants and independent exarniner. Governance costs are included within Administration costs in the financial statements.