THE PARISH OF ENNSIKILLEN ST. IIIACARTIN'S CATHEDRAL ENNISKILLEN CHURCH OF IRELAfiD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITY NUMBER: NIC105443 HASSARD MCCLEMENTS LIMITED CHARTERED ACCOUNTANTS AND REGISTERED AUDITORS 32 EAST BRIDGE STREET ENNISKILLEN COUIYTY FERMANAGH BT74 7BT
THE PARISH OF ENNISKILLEN ST. MACARTIN'S CATHEDRAL ENNISKILLEN ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CONTENTS References and Administrative Details Trustees, Annual Report Independent Examiner's Report to the Trustces Statcmeiit of Fiiiancial Activities Statement of Finaiicial Position Notes to the Financial Statements 9-18
THE PARISH OF ENNISKILLEN ST. MACARTIN'S CATHEDRAL ENNISKILLEN REFERENCES AIYD ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2024 Charity Registration Number: NIC105443 Registcred Office: St. Macartin's Deanery 13 Cliurch Street Enniskillen County Fennanagh BT74 7DW Trustees Very Rev Kenneth R J Hall, Chair Mr David P Clarke Mr Nathaii Clyde Mr Richard G Coclirane Mrs Linda Corri(yan Mrs Vanessa Elliott Mr Arnold Graham Mr David Graliam Mr George Irvine Mr Noel B Johnston Mr MJ Ivan Kee Mrs E Hope Kerr Mrs Ann Little Mr Samuel B Morrow Mr Dwayne Nixon Mr Stephen Richmond Mr Karl Saunders Mrs Audrey Williamson Mr Jonathan W Woods Principal Office-bearers Rector.. Curate: Honorary Secretary: Hoiiorary Treasurer: Church Warden - Rector's.. Cliurcli Warden - People's: Gl¢be Wardeii- Rector's: Glebe Warden- People's.. Very Rev Keniietli R J Hall Rev Dr Edwin Aiken Mr Samuel B Morrow Mrs E Hope Kerr Mr Dwayne Nixon Mrs Ann Little Mr George Irvine Mr Noel B Johnston Independent Examiner Hassard Mcclements Limited 32 East Bridge Street Enniskillen County Fennanagh BT74 7BT Bankers Danske Bank 24 Townhall Street Enniskillen County Fennanagh BT74 7BB First Trust Bank 214 East Bridge Street Enniskillen County Fennanagh BT74 7BT Page I
THE PARISH OF ENNISKILLEN ST. MACARTIN'S CATHEDRAL ENNISKILLEN TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present the aniiual report and accounts for The Parish of Enniskillen, St. Macartin's Cathedral for tlie year ended J l December 2024. Objectives and Activities The charitable purpose of the Cliurch of Ireland is tlie advancement of the Cliristian faith. Tlie parish objectives are eiicapsulated in its vision statement which is 'St. Macartin's at Tlie Heart of the Cominuiiity, streiigtlieiiing Coiniiiitment, Outreacli, Worsliip and Christian Love" Tlie principal function of St. Macartin's Catliedral, Enniskillen is to support the advancement of tlie Cliristian religion by proinoting, throu(yli tlie work of tlie parish, the whole mission of tlie Cliurcli, pastoral, evangelistic, social and ecumenical, being opeii to cngagiiig with society as a whole. All activities undertaken further the charity's purpose for the Public Benefit. As a result of activity in the pursuit of the advancement of tlie Christiaii religion, the parish has custody of property and of records, materials aiid artefacts of significance to the cultural and religious heritage and maintenance of wliicli is undertaken by tlie select vestry of the parisli. Achievements and Performance St. Macartin's Cathedral, Enniskillen, has a clear Anglican identity and during the year 2024 it held 156 services of divine worship of Holy Communion, Morning and Evening Prayer. In addition, Harvest Thanksgiving, Christmas and Easter are celebrated as well as commemoration of significant historical events. In 2024 the parish held 34 burials, 36 baptisms, 3 weddings and 15 confirniations. Pastoral support to parishioners was provided througli the ministry of the Dean, the Curate and tlie Diocesan Pastoral Assistant. Public benefit iii St. Macartin's Cathedral Enniskillen in addition to divine worship is achieved through a wide variety of activities that take place througliout the year in the Catliedral Hall. The groups which meet cater for all ages and a wide variety of interests. The parish supports those in need with its outreach mission both at home and abroad. St. Macartin's Cathedral, Enniskillen has a strong musical and choral tradition with a large Cathedral cl)oir contributing to the worshiping life of the parish and diocese. The parish providcs ministry to young people in Sunday Lights, Sunday Lights Café, Messy Churcli, and a Confirmation class as well and its Rainbows, Brownies, Guldes, Beavers, Cubs and Scouts. The Mothers, Union provides a meeting opportuiiity for the women of the parish. The Bowlino Club provides recreation for interested members of the parish and the community. Community outreach is provided to the elderly through the Tuesday Club and to younger members through the Parenting and Wellness Group. Two Trustees serve on the Boards of Governors of local schools. In addition, the Clcrgy lead assemblies in local schools. Tlie parish enjoys very good community relations witli all its neiglibouring churclies and has a particularly strong link with the local Roman Catliolic parish of St. Michael's, Enniskillen and its clergy. St. Macartin's Catliedral, Enniskillen adh¢r¢s to Safeguarding Trust Regulations, Data Protection Laws and the Church of Ireland Child Protection Policy. Page 2
Public Benefit Statement The expression of the precepts of the Christian religion through the eiigagement with the ¢yeneral public, and in particular witli the disadvantaged, the sick, the elderly and the young is a public benefit. This can be measured and evidenced through increased social integration and pastoral care delivered at the poiiit of need. The direct benefit of participation in Cliurch life includes tlie enjoyment of public worship and the givintr and receiving of pastoral ministy, iinproved understandin(F of the values relating to civic engagement, community cohesion and providing a bridge between diverse groups as well as improved educational outcomes through tlie Church's ministry of teacliing. The beneficiaries are the general public, and the public valuation of the benefits can be evtdeiiced through attendance at public worsliip, participatioii in Church governance aiid willingness to support, through contributions, tlie coiitinuing witness of the Church. The wider benefit to the public will outweigli any detriment arising in the course of Christiaii outreach. Any private benefit arising out of the fulfilmeiit of our Christiaii ministry or to lay staff is essential to the fulfilment of tl)e purpose of the advancement of religion. No Trustee receives remuneration, reward or other private benefit for carrying out their Trustee responsibility. The direct benefits flowing from tliis purpose include the provision of archive reports, public enjoyment of cultural and historic buildings and artcfacts such as the church plate, furnishiiigs and materials as well as an overall improved appreciation of longstaiiding Christian heritage. This is demonstrated through on-going provision of access to records and the use made of these records in, for example, research and genealo, tlirough conservatioii efforts in respect of records, property and artefacts and the subsequent and contiiiued requests for access aiid use of our materials by wider society. There is llo liarm arising from tlie Purpose. The beneficiaries are the general public. No private benefit is received by trustees fulfilling their trustee responsibilities in respect of these records, buildings or artefacts, but in the course of conservation and to make these accessible to the public, the engagement of professional staff and services is essential but incidental to the fulfilment of the purpose. Tlie Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public beiiefit to eiisure that the activities entered into during the year Iiave helped to achieve the Parish's objectives as well as providing public benefit in the year ei)ded 31 December 2024. The Trustees of the parisli confirm that they have complied with their duty under section 4(b) of tl)e Charities Act (Northern Ireland) 2008 to have regard to the Charity Commission for Northern Ireland's guidance on public benefit and tliat the public benefit requirement has infornied the activities of the charity in the year ended 31 December 2024. Financial Revie The Trustees are satisfied that St. Macartin's Cathedral, Enniskillen, remains in a sound financial position at the year end. The results for the year are set out on page 7 of the accounts. Reserves Policy The Trustees do not have a fonnal reserves policy. however, they must ensure that the church has sufficient resourccs. It is considered good practice to seek to build financial reserves whicli will enable the church to meet future commitments or unforeseen expenses without a negative impact on the ability to deliver services in the manner planned. By holding reserves, the church will be ablc to absorb setbacks and take advantage of change and opportunity as well as demonstrate a plan for viability beyond the immediate future and provide reliable services over the longer term. Going Concern The trustees have reviewed the budgets 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 end 31 December 2024 can be signed off as a going concern. Page 3
Structure, Governanee and Management Governing Document and Constilulion of ilie Cliarity Chapter Ill of the Constitution of the Church of Ireland governs Parislies and Parochial Organisations. The Select Vestry members are the Charity Trustees Recruitmen¢ andAppoinlmenl ofseleci Veslry All members of the Church of Ireland who are over the age of18, contribute a minimum of £50 per annum, and are either resident within the parlsh 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 tliein to attend and vote at meetings of the General Vestry and to stand for election to the Select Vesty. 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 Vesty members may be re-elected annually and there is no liinit oil the number of terms which may be served. Pay and remuneration The Rector and Dean, the Curate and the Pastoral Assistant each receive a stipend in accordance with fIgures approved by the Clogher Diocese and the General Synod of the Church of Ireland and details of office and locomotory allowance. Organisalional Slruclure The Select Vestry is responsible for the day-to-day management of the parish. In 2024 the Select Vestry consists of the member of the clergy serving in the parish, the church wardens, the glebe wardens and fourteen other members of the General Vestry elected at the General Vestry meeting. The Select Vcsty is chaired by the Incumbent or other member of the clergy officiating in the parish. Select Vestry members are responsible for making dccisions on matters of general concern and importance to the parish including deciding how parish funds are to be applied. Tlie Select Vestry meets monthly except in January, July and August. Special meetings may be convcned at any time by the chairperson or tlie churchwardeiis. In 2024 tlie Select Vestry met 9 times during the year. The average attendance was 900/0. Page 4
Statement of Trustees, Responsibilities The trustees are responsible for preparing the Trustees, Report and the finaiicial statements in accordancc with applicable law and regulations. Tlie law applicable to charities in the Nortliern Ireland requires the trustees to prepare financial stateinents for each financial year. Under tliat law the trustees liave prepared the fInancial statements in accordance with Generally Accepted Accounting Practice in the United Kingdom (accounting standards issued by the Financial ReportiliCT Council in tlie UK, iiicludiiig Charities SORP (FRS 102), Accounting and Reporting by Charities- Statement of Recommended Practice applicable to Cliarities preparing thcir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" and promulgated by tlie Institute of Chartered Accountants iii the United Kingdorn and United Kingdom Law). Under that law the trustees Inust not approve the finaiicial statements unless they are satisfied that they give a true and fair view of the state of the affairs of thc 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 tl)en apply thein consistently. make judgments and estimates that are reasonable and prudent. state whetlier the financial statements have been prepared in accordance witli applicable Accounting Standards and identify the standards in question, subject to any material departures being disclosed and explained in the financial statements- and prepare tlie financial stateinents 011 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 accouiiting 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 independent examiner In so far as the trustees are aware at the time of approving our trustees, annual report: tliere is no relevant inforniation of which the indepeiident examiner is unaware. and the trustees have taken all steps that they ouglit to Iiave taken to make themselves aware of any relevant iiiformation and to establisli tliat the independeiit examiner is aware of tliat information. Independent Examiner Tlie iiidepeiident exaininer, Hassard Mcclements Limited have indicated their willingness to continue in office, and a resolution coiicerning their reappointment will be proposed at the Annual Easter Vesty Meeting. On Behalf of the Trustee VeryR Chair Ken eth R J Hall Mrs E Hope Kerr Honorary Treasurer Mr Samuel B Morrojv Honorary Secretary th Date: 10 March 2025 Page 5
INDEPENDENT EXAMINER'S REPORT TO THE CHARITY TRUSTEES OF THE PARISH OF ENNISKILLEN ST. MACARTtN'S CATHEDRAL ENNISKILLEN We report on the accounts of The Parish of Enniskillen, St. Macartin's Cathedral, Enniskillen for the year ended 31 December 2024. whicli are set out on pages 7 to 18. Respective responsibilities of the charity trustees and independent examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Nortliern Ireland) 2008, tlie Charities Act (Northern Ireland) 2013 and the Charities (Accounts and Reports) Regulatioiis (Nortliern Irelaiid) 2015. The cliarity's trustees consider that an audit is not required for this year uiider section 65(2) of the Charities Act (Northern Ireland) 2008 and tliat an independent examination is iieeded. Tlie charity is preparing accrual accounts. It is our responsibility to.. Examiiie the accounts under section 65 of tlie Charities Act (Nortliern Ireland) 2008. Follow tlie procedures laid dowii in tlie oeiieral Directions given by the Charity Coininission for Northern Ireland uiider sectioii 65(9)(b) of the Cliarities Act (Northern Ireland) 2008. and State whether particular matters have come to our atteiition. Basis of independent examiner's report We have examined your charity accounts as required under section 65 of the Charities Act (Northem Ireland) 2008 and our examiiiation was carried out in accordance witli the general Directions aiven by the Charity Commission for Nortliern Ireland under section 65(9)(b) of the Charities Act (Nortliern Ireland) 2008. Our exainination included a review of tlie accouiiting records kept by the charity and a comparison of the accouiits presented with tliose records. It also iiicluded coiisideration of aiiy unusual items or disclosures in the accouiits, aiid seeking explanations from you as charity trustees concerning any such matters. Our role is to state wlietlier any material Inatters have coine to our attention giving us cause to believe: l. Tliat accouiitiiig records were not kept in accordaiice with section 63 of tli¢ Charities Act (Nortliern Ireland) 2008- 2. Tliat tlie accounts do not accord with those accounting records. Tliat the accounts do iiot comply with accouiitin(T requireineiits of the Charities Act (Northern Ireland) 2008; and 4. Tliat there is further infonnation needed for a proper understanding of the accounts to be reached. Independent examiner's statement We have completed our examination and have iio concerns in respect of the matters (l) to (4) listed above and, in connection witli following tlie Directions of the Charity Coinmissioii for Northern Ireland, we have found noma ers tliat require drawing to your attention. HASSARD MCCLEMENTS LIMITED CHARTERED ACCOUNTANTS AND REGISTERED AUDITORS 32 East Bridge Street Enniskillcn County Fennanagh BT74 7BT th Date: 10 March 2025 Page 6
THE PARISH OF ENNISKILLEN St. MACARTIN'S CATHEDRAL ENNISKILLEN STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restrieted Funds Funds Endowment TotAI 2024 Total Note 2024 2024 2024 2023 Income Donations and legacies Other trading activities Investments Charitable activities 225,699 32,688 84,901 410 310,600 33,098 ?4,387 16.183 386,907 32,824 13,090 10,457 16,183 Total Income 282,774 101,494 384,268 443.278 enditure on: Charitable activities Total Ex enditure 231,484 231,484 68,667 68,667 JOO,151 300,151 351.688 351,688 Transfers between funds Gains l (Losses) on investments 31,426 31,426 1,739 Net movement in funds 82,716 32,827 115,543 93.329 ReconciliatjOD of funds: Total fund5 brought forward 3,156,225 325.711 3,481,936 3.J88.606 Total funds carried forward 3 ?38,941 J58,538 3.597,479 3,481,9J5 Page 7
THE PARISH OF ENNISKILLEN St. 1cARTIN's CATHEDRAL ENNISKILLEN STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 DECEMBER 2024 Note 2024 2023 Fixed Assets Tanoible fixed assets Investment properties Investments Total Fixed Assets 2.566,895 192,137 240,103 2,999,135 2,566.895 1 $2,988 217,826 2.967,709 10 Current Assets Debiors Cash 2nd cash equivalents Total Current Assets 39,156 565.464 604,620 25.943 494,372 520.J15 Current Liabilities Creditors - amounts falling due within one year Total Creditors 12 6,276 6,276 6,088 6.088 Net Current assets 598,344 514,227 Total Net Assets 3,597,479 3,481,936 The Funds of the Parish Unrestricted Funds General funds Restricted Funds 15 J,2J8,941 358,538 3.156,225 325,711 15 15 Endowment Funds Total Charity Funds J,597.479 J,481,936 The notes on pages 9 to 18 are an integral part of these financial statements. The financial statements on pages 7 to 8 were approved by the Board of Trustee5 on l Oth March 2025 and signed on its behalf by.. Very Rev Ke Chair neth J Hall Mr5 E Hope Kerr Honorary Treasurer Mr SAmuel B Morrow Honorary Secretary Page 8
THE PARISH OF ENNISKILLEN ST. MACARTIN'S CATHEDRAL ENNISKILLEN NOTES TO THE TrINANCIAL 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 prep2r2tion The financial statements have been prepared on a uoing 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 (FRS 102) (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 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(s). 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 continually review the parish's finances and 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. c) Income Plate Collections. Freewill Offerings. Graveyard Income, Hall hire and Donation5 are accounted for on a cash receipts basis as the amount is collected. Legacies are included in income in accordance to the terms under which the donation is made and when the amount can be quantified with reasonable certainty. Income received from charitable activies includes Special Service Collections which are accounted for on a cash receipts basis as the amounts are collected. Miscellaneous income primarily refers to VA T reclaimed under the Listed Place of Worship VAT Scheme and relates to the roof work completed over the l&st number of years. It has also been accounted for under a cash receipts basi5. d) Expenditure Expenditure is recogni5ed once there is a legal or constructive obligation 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 15 charged as a cost against the activity for which the expenditure was incurred. Page 9
THE PARISH OF ENNISKILLEN ST. MACARTIN'S CATHEDRAL ENNISKILLEN NOTES TO THE FINANCIAL STATEIVIENTS FOR THE YEAR ENDED 31 DECEMBER 2024 e) Tangible assets The assets of the Parish comprise: Cathedral building and graveyard Cathedral Hall - Deanery Curatage Caretakers / Verger's residence - 20 Breandrum Court The Cathedral building and graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS 102). These Heritage assets are not included on the balance sheet as information on the cost or valuation is not available and such information cannot b¢ obtained at a cost commensurate with the benefit to the users of the accounts and to the parish. The Cathedral hall was built in the 1960's. It is recognised at deemed cost, being the fair value of the property at 31 December 2018. No depreciation has been provided on the hall as ther current estimated residual value is not less that its carrying value and the remaining useful life currently exceeds 50 years. The Deanery and other properties are recognised at deemed cost, being the estimated fair value of the property at 31 December 2018. No depreciation has been provided on these buildings as the Current estimated residual value is not less than its carrying value and the remaining useful life currently exceed5 50 years. Small items of fixtures. fittings and equiment under £ 1,000 are written off as an ¢xpeiise in the year of purchase. Investments Fixed asset investments comprising investment properties, inv¢5tments in equities and investment in RCB Unit Trusts are initially recorded at cost and are then subsequently recorded at fair value at each balance sheet date. Investments in UDqUOted investments are recorded at cost and are assessed annually for impairment. Unreali5ed 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 their value at the start of the year, or cost if purchased in the year. Both realised and unrealised vains and losses in investment are reported within "Net Gains l (Losses) on Investments" within the Statement of Financial Activities. g) Cash and cash equivalents Cash and cash equivalents includes cash in hand, deposits held at call with banks and bank overdrafts. h) Financial instruments The Parish only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruTnents are initially recogni5ed at transaction price and subsequently measured at their settlement value. Page 10
THE PARISH OF ENNISKILLEN ST. IWIACARTIN'S CATHEDRAL ENNISKILLEN NOTES TO'fHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 i) Funds Funds are classified as either restricted funds or unrestricted funds, defined as follows. 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 fund5 which have been given on the condition that the original capital sum is not reduced but the income is used for the purpose defined in accordance with the objectives 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 turstees for a particular purpose, they are designated as a seperate fund. This designation has an administrative purpose only and does not legally restrict the trustees, discretion to apply the fund. j) Taxation As a charity the parish is not liabile to Income or Corporation Tax. 2. Critical accounting judgements and estimation uncertainty Estimates and judgements made in the process of preparing the financial statements are continually evaluated and are based on liistorical experience and other factors, including expectations of future events that are believed to be resonable under the circumstances. The Trustees do not consider that there are any critical judgeTn¢nts made in applying the Parish's accounting policies or that tliere 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. Page 11
THE PARISH OF ENNISKILLEN ST. MACARTIN'S CATHEDRAL ENNISKILLEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 3. Income 3.1 Donations and legacies Unrestricted Restricted Funds Funds Endowment Total Total 2024 2024 2024 2024 2023 Plate collections Freewill offerinJo Harvest collections Gift aid tax rebate Donations and legacies Mission outreach Bishops, appeal Dean's sit out Graveyard wall fund Fabric fund Cathedral organ fund Choral scholarship fund l Kee birthday party donations Grants Counlry and Western concert Cathedral bells fund Flower Festival 7.171 159.978 9,905 39.072 .990 7,171 159,978 9,905 39.072 17,774 18,939 6,965 157.360 8.465 46,731 10,625 12,867 3,929 13,694 2,040 12,964 6,029 6,377 15,784 18,939 14.442 14,442 13,278 13.885 2.800 13,278 13,885 7,583 7,583 945 945 44.775 7,517 15,32? 31,247 386,907 4.828 4.828 225,699 84.901 310,600 3.2 Other trading activities Unrestricted Restricted Funds 2024 Fund5 2024 Endowment Total Total 2023 2024 2024 Hire of hall Rent of diocesan office Carpark income Miscellaneous 22.532 7.417 1.675 1,064 32,688 22.532 7.417 1,675 1,474 33,098 21,338 8.208 1,845 1,433 32,824 410 410 Page 12
THE PARISH OF ENNISKILLEN ST. MACARTIN'S CATHEDRAL ENNISKILLEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 3.3 Investments Unrestricted Restricted Funds Funds Endowment Total 2024 Total 2024 2024 2024 2023 RCB distribution Bank deposit interest Rent Breandrum Court 6,941 11,446 6,000 24,387 6,941 11,446 6,000 24,387 6,398 992 5,700 13,090 3.4 Charitable activities Unrestricted Restricted Funds Funds 2024 2024 Endowment Total Total 2024 2024 2023 Special service collections 16,183 16,183 16.183 16,183 10,457 10,457 Total Income 282,774 101,494 384,268 443,278 Page 13
THE PARISH OF ENP41SKtLLEN ST. MACARTIN'S CATHEDRAL ENINISKILLEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 4. Analysis of Expenditure Unrestricted Restricted Funds 2024 Funds 2024 Endoivment 2024 Total 2024 Total 2023 Charitable Activities Diocesan assessment Parish curates and pastoral assistants Wages and salaries Cathedral building and grounds Deanery and grounds Hall and grounds Other properties Charitable donations Mission outreach Insurance 63,886 32,452 32,220 26,084 9,999 24,924 2,468 63,886 32,452 64,353 40,599 30,389 35,637 10.93? 34,774 6.028 2.177 25,190 14,995 26,084 9,999 24,924 2,468 13,672 13,672 15,776 9.519 15,776 9,519 2,19? 678 Printing and postage costs Minibus expenses Bank charges Accounts independent examination PAYE services Gratuities and gifts Dean's expenses Licences Bishop's appeal Dean's sit out Country and Western concert redistribution Cathedral clock & bells Organ & Clavinova Graveyard wall Garden of remembrance Fabric fund Choral sponsorship fvnd Repayment of Special servi¢e5 Miscellaneous 2,150 744 678 3,120 432 4,359 873 3.120 432 3,620 168 4,738 1.055 1,193 4.000 9,215 7,517 8,960 4.359 873 333 333 5,000 5,000 23.563 2,447 23,563 2.447 12.100 1,863 7.803 1,863 7,803 2.487 5,150 9.261 3.373 351,688 13,819 500 13,819 2.669 300.151 2,169 231,484 68,667 Page 14
THE PARISH OTr. ENNISKILLEN ST. MACARTIN'S CATHEDRAL ENNISKILLEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 5. Gain / (loss) on Investment Assets 2024 2023 Fair Value (losses) I gains on RCB investments Fair Value gains on property investments 22,277 9,149 31.4?6 (11,028) 12,767 1,739 The fair value of the RCB investnients is taken from the RCB market value report as at 31 December ?0?4. The fair value of the property investments is determined by the Trustees. based on the insured value of the properties as at 31 October 20?4. 6. Taxation St. Macartin's Catherdral. Enniskillen is recoonised as a charity for the purposes of applicable taxation legislation and is therefore not subject to tsxation on its charitable activites. 7. Analysis of staff costs 2024 2023 Wages and salaries Employer pension contributions Total 31,819 401 29,988 401 30.389 The average number of employees during the year was ? (2023: 2). 8. Tangible fixed assets Buildings Total Deemed Cost At 01 January ?024 Additions Disposal At 31 December 2024 2.566.895 2,566,895 ?.566.895 2,566,895 Net book value at beginning of the year Net book value at end of the year 2,566,895 2,566.895 2,566.895 2,566,895 Tangible fixed assets are recognised at their deemed cost. Page 15
THE PARISH OF ENNISKILLEN ST. MACARTIN'S CATHEDRAL ENNISKJLLEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 9. Investment Properties 2024 2023 At beginning of the year Fair Value adjustment At elld of the year 182,988 9,149 19? 137 170.2?1 12,767 182,988 The year-end valuation of the investment properties is based on insurance value at 31 October 20?4 10. Investments 2024 2023 At 01 January ?024 Fair Value adjustment At i l December 2024 217.826 22.?77 240,103 228,854 (11,028) 217,826 I l. Debtors 2024 2023 Gift Aid Accrued Income - bank interest Rental Income Taxe5 repayable 26.043 10.971 2,142 25,307 636 25.943 39,156 12. Creditors Amounts due within l year 2024 2023 Accruals and other creditors 6,276 6,088 Page 16
THE PARJSH OF ENNISKILLEN ST. MACARTIN'S CATHEDRAL ENNISKILLEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Financial instruments The church has the following financial instruments- 2024 2023 Loans and receivables held at amortised cost Cash and cash equivalents Sundry debtors Other receivables 565,464 39.156 494,372 25.307 636 520.315 604,620 Financial liabilities measured at amortised cost Accruals and other creditors 6,088 6,088 6,?76 14. Analysis of Net Assets among Funds Unrestricted Restricted Funds Funds Total Total 2023 2024 2024 2024 Fixed Assets Investrnent Properties Investments Ctsi-i'eni Assets Cash at bank and in hand Debtors Current Liabilities Net assets at 31 December 2024 2,566,895 192.137 209.115 2,566.895 192,137 240,103 2,566.895 182.988 217.826 30,988 237.914 39.156 (6,276) 3.238,941 327,550 565.464 39,156 (6,276) 358,538 3,597,479 494,37? 25.943 (6.088) 3,481,936 Page 17
THE PARISH OF ENNISKILLEN ST. MACARTIN'S CATHEDRAL ENNISKILLEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 15. Funds of the Parish At 1.01.2024 Income Expenditure Transfers At 31.12.2024 Restricted funds General Parish fund Special Collections Parish magazine Mission outreach fund Choir litrhts Dean's sitout Cathedral paths and garden Fabric fund Grant funding Cathedral bells fund Choral scholarship fund Flower fund Cathedral organ & Clavinova fund Roof repair fund Garden of remembrance Solar panels Emergency relief Knitwits Cathedral Clock Media System 3,663 17,002 4,685 1,522 13.153 1.903 18,939 (5,185) (19,366) (6.588) 14.25? (2?3) (10.789) (13,67?) 19,519 223 12,949 300 14.442 (5,000) 22.391 (300) 66,055 (45,720) 12.373 (643) (4,220) (2,707) (8.878) {5,475) 212,243 44.775 6,362 7,057 4.725 2,849 8.878 13,278 945 4.828 2,800 (7,803) 283,773 (23.563) 9,?14 505 13.885 (2.447} 11.580 7.425 1.200 2.394 3,030 600 650 500 (1,863) 87 1,200 2.394 (3.030) 6,120 505 6,720 1,155 (500) (68,667) 325,711 101,494 358,538 Unrestricted funds 3.156,225 314,200 {231.484) 3,238.941 Total funds 3,481,936 415.694 {300.151) 3,597,479 16. Collection for Third Parties No collections were made on behalf of Third Parties. 17. Payments to Trustee5 Payments were made to one trustee during the year totalling £603 for repair work. This work was carried out on normal commercial terms. Page 18