LYTNITy CHURCH DROMO SDWIN SEEDS ROWIN CDMM FINANCIAL ACCOUNTS FOR YEthR ENDED 31- DECEM ER 2024 ..¥Th. CIIARrrIES NUMB£K" NIC105467 Page 1
HOL Y TRtNITY CHURCH DROMORE References and administrative details Charity Name: Holy Trinity Church Dromore Charity Registration Number: NIC105467 Contact Address: The Rectory 19 Galbally Road Dromore Co Tyrone BT78 3EE Trustees Mr Clive Arnistrong Mr Robert Arnistrong Mrs Valerie Bleakley Rev Bill Boyce Mr Gordon Deazley Mr Gregory Deazlcy Mr Joseph Farrell Mr Robert Farrell Mr Charles Kenwell Mrs Evelyn Kenwell Mr Stephen Keys Mr Victor Keys Mr Charles Mills Mr Kelth Patterson Mr Ynyr Smith Mr Hugh Smyth Mr Robert Thompson Princi al Office-bearers tr¥ a6ed Rector: Rector's Churchwarden People's Churchwarden ' Rector's Glebewarden People's Glebewarden Church Treasurer Church Secretary Rev Bill Boyce Mrs Valerie Bleakley Mr Robert Thompson Mr Ynyr Smith Mr Hugh Smyth Mr Charles Kenwell Mr Clive Amistrong Church Or allists Mrs Lorna Thompson Mrs Beatrice Keys Inde endent Ex2miner R Cathers & Co Chartered Accountants & Registered Auditors 107 Main Street, Fintona Co Tyrone Princi al Bankers Ulster Bank Limited 14 High Strcet, OmLoh, Co Tyrone Page 2
Trustees, Annual Report for the year ended 31 December 2024 The trustees present the annual reFK)rt and ststements of Receipts and Payments and Assets and Liabilities for Holy Trinity Church Dromore for the year ended 3 l December 2024. Ob'ectives and Activities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of Holy Trinity Church Dromore is to support the advancement of th¢ Christian religion by promoting, through the work of Holy Trinity Church Dromore the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Beintr 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 relÉgÉon, Holy Trinity Church Dromore has custody of propety and of records, nterIa and artefacts of significance to the cultural and religious heritage of the are4 the maintenance of which is undertaken by the Select Vestry of Holy Trinity Church Dromore. Achievement5 Perforniance & Public Benefit Holy Trinity Church Dromore has offered both 'in-Church worship, and online services on Sunday mornings and at other times. All services were streamed through Facebook Live and later uploaded to YouTube (61 services in 2024). CDS and DVDS of the services were produced for those parishioners who were housebound or who did not have access to the Internet and were then delivered by a small team around the homes. A range of other activities was al provided by Holy Trinity Church Dromore either by the Church directly or through various Church organizations (e.g. Junior Sunday School, Church Lads. Brigade, Girls, Friendly Society, Ignite Youth Group, Prayer & Bible Study, Bowling Club and Mothers. Union). Our Parents and Toddlers group (The ARK), which has g)d cross community supporl continues to have its weekly meetings. Parishioners continue to support the Enniskillen FoodbanK through regular donations of food brought to the church porch or to the Rectory and then delivered to Enniskillen. Over the past year this has amounted to substantial amounts of food and other items being donated to the Fdbank. as well as monetary donations. Some parishioners have also helped from time to time at the Foodbank. A number of members of Holy Trinity Church Dromore serve on the Board of Governors of the local Dromore Controlled Primary School. where they support and encourage the work of the school, helping to maintain good standards and practices. From its first support in 2009 and continuing to the presenL Holy Trinity Church Dromore continues to fundraise for the Fields of Life Charity, providing educational opportunities for deprived communities in East Africa. This is done through donations. clothes collections, events, and a child sponsorship programme. Those in the 0up. and hopefully new members. intend to retum to Uganda in the spring of 2026, where they will continue their good work with another inspirational project. Page 3
Trustees, Annual Report for the year ended 31 December 2024 (continued) Holy Trinity Church Dromore supports the work of several other charities and missionary work by either making donations or holding special collections in respect of same. The activities outlined above demonstrate how Holy Trinity Church Dromore continues to implement its charitable puTroses (i.e. thc advancement of religion) and meet the public benefit requirement. Benefits to members of the public include contributing to spiritual well-being of participants and the relnforcement of Christian values. It is hoped that more activities will take place during 2024 in partnership with other denominations in the local arca. Holy Trinity Church Dromore contlnues to support our bereaved members by providing funeral teas on our premises. This has been facilitated by our Mothers, Union and friends and was much appreciated by those families affected. All our helpers have participated in Good Food HygÉene Courses and this will continue on an on-going basis. Holy Trinity Church Dromore has mitigated any potential hami from its activities through the implementation of the Church of Ireland policy on Safeguarding Trust. We have also drawn up and are implementing a policy on GDPR and continue the process of getting positive consent frorn those cUentlY on our register. Holy Trinity Church Dromore 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. as well as providing public benefit. Financial Revie The principal source of income of Holy Trinity Church Dromore continues to be from Donations. Plate Collections, fundraising events and Investment Income from Endowments, &8 well as the receipt of occasional Legacies. The principal expense of Holy Trinity Church Dromore is in respect of payments regarding Diocesan Costs/Assessment. Holy Trinity Church Dromore had a deficit of receipts over payments of £8.320.35 for the year ended 31 December 2024. This was mainly due to £49,325.10 being expended for the refurbishment of our Rectory. which is an investment for the future. Holy Trinity Church Dromore continues to be in a healthy financial state as at 31 December 2024 with total cash funds of £91,279.92 Holy Trinity Church Dromore aims to retain sufficient reserves to meet its expe£ted future expenditure requircments as well as tentIal future capital projects. Page 4
Trustees, Annual Report for the year ended 31 December 2024 (continued) Goin CoDcern The trustee5 have reviewed the 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 projections for the year ahead to 31 December 2025 can be signed off as a going concern. Structure Governance and Mana ement Governin Document and Consts'tution o Ihe Char Chapter Ill of the Constitution of the Church of Ireland governs Parishes and Parochial Or(Fanisation. The Select Vesty members are the Charity's Trustees. Recruitment andA ointment o Selecl V rustees All members of the Church of I land who are over the age of l8 and are either resident within the Parish or live elsewhere but have been accustomed members ofthe congregation for at least three months, aY register as members of the General Vesty of the Parish, allowing them to attend and vote at tneetings of the General Vesty and to stand for election to the Select Vesty. Meetings of the General Vestry are held at least once a year. The S¢le¢t Vesty is elected as part of this General Vesty meeting. The Select Vesty will hold their positions for a period of one year. Select Vesty members may be re-elected annually and there is no limit on the number of temis which may be served. anisalional Structure The Select Vesty is responsÉble for the day to day management of the Parish. The Select Vesty consists of the member of the clergy serving in the Parish. the Churchwardens, the Glebe wardens and generally not more than twelve othet members of the General Vesty elected at the General Vesty meeting. The Select Vesty is chaired by the Incumbent or other member of the clergy oificiating in the Parish. Select Vestry members are responsible foT making decisions on matters of general concem and importance to the Parish including deciding how Parish funds are to be appkied. 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 2024 the Select Vesty met 7 times during the year and the average attendaréce was 78%. Com liance wilh Public Bene The Parish h&s given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities ¢nterd into during the year have helped to achieve the Parish's objectives and activiti¢s, as well as providing public benefit. Page 5
Trustees, Annual Report for the year ended 31 December 2024 (continued) Statement of Trustees, R&sponsibilities The trustees are responsible for preparing th¢ Trustees, Report and the statement of receipts and payments and statement of ets and liabilities in accordance with applicable law and regulations. The law applicable to charities in Northcrn Ireland with Income of less than £250,000 (excluding Endowment Income) requires the trustees to prepare a statement of receipts and paym¢nts and a statement of assets and liabilities for cach 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 liabilities of the Parish. They ar¢ also responsible for safeguarding the &ssets of the Parish and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed oll Behalf of the Trustees Trustee I Trustee 2 CluVKeb Church Treasurer Date 2025 Page 6
r cathers co. Independent exarniAerf5 reportto th• charity trusteesof IlotyTrlnlty Churth Drorn0 (Charity no. 1054671 I report on the accounts of HO Trinity Churth Dromore for year ended 31 DEcernber 2024. Re5pechve responsibilities of tharitytrustees and exaffliner As the tha¥ity'S trustees you are re5pon5Èble for the preparation of the account5 in accordance with the Charities Act INortherrt Ireland) 2CQ8. It is my spolb*lity to: examine the accounts undersection 65 of the Chartties Act- follow the procedures13id down in the general Det(lon5 given by the Comrni5sion undei section 6519llbl of the Charities Act. State whether pariiculaf matters have cometo my attention. Bas15 01 Independent e¥aminèrfs report I have examin•d your charity accounts os required under section 55 of the Charlties Act and my examinatloft Wa5 carried out in accordance wth the 8eneral Difections given by the Chartty Commisston for Northern Ireland under se¢tion 6519llbl ol the Chaiities Act. My examination included a review of the ac¢ountin8 re¢ords kept by the charity and a comparison of the accounts presented vrrith those records. It also included cortsideraty.on of any unusual item5 or disclosures in the acctsunts, and seeking explanations from you as tharity [rus concerningany such matter5. My role is 10 state whether any material matters have come to my attention giving me cause to beliwe.. l. Thai accountu)8 retords were not kepr Én a£cordancewith sertion 63 01 the Charities Att., 2. That the 3tt0unt5 do not accord witn those aCCOUniing rKords". 3. fhal the attounts do Aol compty vnih the accounting requirernents of the Charllies Act.. That there is further information needed for a proper undersranding of the acc¢unts to be reached. Independent examiAtrfs staternènt I have completed my examination and have no concems rn respett of Ihe matters111 to141 listed above and, in connection with following the Directions of the Charity commi10 for Northern Ireland, I have found no matie15 Ihat require drawing to your aiiention. Richard cathe FCA Chartered Accountsnt 107 Main Sireet. fintona. Co Tyrone. BT78 2AH Date- 25" April 20Z5 O", Main >Tree5 1no,.11 ¥c.TK'r#JDe 8-7q J? thl 02q 8- 440 744 nioM3rtslheis-o CHARTERED ACCOUNTANYS Page 7
HOLY TRINITY CHURCH DROMORE. NIC 105467 STATEMENT OF Recelpts & Payments for the year ended 31 December 2024 Unrestricted Fund5 Designated Funds Endowfflent Funds Totsl Funds Previous Year NCOME Funds 2023 )ONATIONS & PLATE COLLECTIONS 59,070.48 437.52 671.40 0.00 59.741.88 518.75 63,372.40 603.11 SANK& SUNDRY INTEREST 81.23 NVESThIENT INCOME 35.422. 11,356.26 9.351.37 0.00 35,422.S5 11,4.26 9.351.37 80.00 34.977.21 7,567.80 3,645.25 991.60 IENTAL OF PREMISES 1CIO.CX) 0.00 )THER RECE5PTS IECEIPTS FROM PARISH ORGANISATIONS ."UNDRAISING 6.661.00 122.299.28 6,661.DO 123,231.91 10,367.61 121,524.98 -OTAL RECEIPTS 852.63 80.00 0.00 Unr8strÉ¢ted Funds Designat9d Funds Restrtcted Funds Endt)wment Funds Total Funds Previous Year 2023 XPENDITURE )IOCESAN COSTSIASSESSMENT 51,660.28 11,400.02 5,017.89 7.474.68 51.660.28 60,849.68 13,076.01 6,712.96 8,426.78 6,345.53 HURCH & HALL RUNNING COSTS 0.00 0.00 11,400.02 5.017.89 7.474.68 674.00 JLEBEIRECTORY COSTS 0.00 DMINISTRATIVE COSTS 0.00 0.00 HARITABLE DONATIONS 674.00 lectory Refurbishment Costs leum of Loan from Hall Equip Alc 49.325.10 6.CilO.00 130.877.97 49,325.10 6.OW.00 131,551.97 674.00 0.00 0.00 95,410.98 "OTAL PAYMENTS INCLUDING FUNDS IIANSFERRED TO INVESTMENT 130.877.97 674.00 0.00 0.00 131,551.97 95,410.96 DEFICIT) EXCESS ,578.69 178.63 80.00 0.00 4.320.06 26.114.02 Unrestrictad Funds Desigrmted Funds Rastricted Fund5 Endowment Funds Total Funds Prevlous Y&ar 2023 ECONCILIATION AT 31ST Dec 2024 ',ash at bank & in hnad at 01101r24 £ 60,449.39 -£ 8,581.58 £ 51,867.81 £ 9.591.95 £ 181.23 £ 9,773.18 £ 29,558.93 80.00 £ 29,638.93 £ 99,600.27 8,320.35 £ 91,279.92 £ 73,486.00 £ 26,114.27 £ 99,600.27 rplusl(deffcril this year en¢J .'ash at bank & in hnad at 31112r2024 Page 8
HOLY TRINITY CHURCH DROMORE - NIC105467 Balance Sheet as at 31st December 2024 RECONCILIATJON AT 31st December 2024 Dtslgnated Funds Restricted Funts Endowmgnt Funds Total Funds Prevlous Year 2023 Funds Cash al bank & in hnad at 01101rd4 £ 60,449.39 £ 9,591.95 £ 29,558.93 99,600.27 73,486.00 Surpluslldeficitl this year end -£ 8.581.58 £ 181.23 80.00 8,320.35 26,114.27 Cash at bank & in hnad at 3111212024 £ 51,867.81 £ 9,773.18 £ 29,638.93 91,279.92 99,600.27 Cash Funds General Account No. 1 £51,867.81 51,867.81 £60,449.39 Fields of Life A¢c4unt £29,638.93 29,638.93 £29,558.93 Hall Equipment A¢¢ount £6.502.66 6,502.66 £6.321.43 Dromore Parish Youth Council Alc £ 944.20 944.20 £944.20 Dromore Parish Ignite Account £ 383.98 383.98 £383.98 Holy Trinity B)ng Club AUnt £289.55 289.55 £289.55 The Ark Account £ 1,652.79 £9,T13.18 1.652.79 £1,652.79 £99,61)0.27 Total Cash Funds £51,867.81 £29,638.93 91,279.92 Invo$tm•nt Assets Glebe LandslFamland RCB Investments Col Trustees Inve$tment5 £316.700.00 316,700.00 157,763.00 £ 1.134,769.21 £1,609,232.21 316.700.00 154,889.00 £ 1,035,042.96 £1,506,631.96 £157,763.00 £1,134.769.21 £1.292.532.21 Total Investment Assets £316,700.00 Assets retalned for the Parish's own use The Old Rectory, Glebe HouselRe¢tory Fixtures & Fittings Total Assets retained for 156.500.IJ) 113,741.67 5.374.61 £156..00 £113,741.67 £5,374.61 £156.500.00 £64,416.57 £5,167.24 the Parlsh's own use £275,616.28 £0.00 £275,616.28 £226.083.81 Total Assets £644.184.09 £9.773.18 £29.638.93 £1,292,532.21 £1,976,128.41 £1,832.316.04 Page 9
Notes to the financial statements for the year ended 31 December 2024 l. 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 State of Asscts 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. (b) Statement of Assets and Liabilities (i) Assets retained for the Parish's own use The assets of the Parish. retained for its own use comprise of: _ l. Church Building and Graveyard 2. Church Hall 3. Glebe HouselRectory 4. Fixtures and fittings The Church Buildlng and Graveyard are deemed to be Heritage A&sets as defined by the Charities SORP (ERS102). These Heritage assets are not included in the Statement of Assets and Liabilities as inforniation on the cost or valuation is not available and such inforniation 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 the Church and as such is not separable as an individual asset. As such it is deemed to be a Heritage asset and no value is ascribed to it in the Statement of Assets and Liabilities, The Glebe HousetRectory is recognised at COSL being the cost of nstruCtion of the property. No depreciation has been provided on the Glebe House/Rectory as the current estimated residual value is not less than its caTrying value and the remaining usefvl life currently exceeds 50 years. Fixtures and Fittings are recognised at cost and are depreciated on a straight-line b&sis 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. (li) Investments Fixed asset investments comprising Glebe Lands/Farniland, Representative Church Body (RCB) Investments, Church of Ireland (COI) Trustees Investments and Other Listed Investments are initially recorded at cost and are then subsequently stated at fair value at each year end date. l. Reconciliation 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 £99,600.27 £123231.91 -£131,55 1.97 £91,279.92 Page 10
MOVEMENT IN FUNDS (CONTINUED) Purposes ofEndowment Funds Both the RCB Endowment Funds and the COI Trustee5 Endowment Funds relate to various perniancnt endowments (except for £166.213.44 of the COI Trustees Endowment Funds That is an expendable endowment) that the Church has received that are invested with the Representative Church Body and the Church of Ireland Trustees with the income each year from such investments being paid to the Church for g¢ncral Church purpose& Purposes of Restricted Funds Fields of Life Fund: This is a fund that has becn set up to assist with the work of the charity Fields of Lift in Africa. Fund for Donations to mect Norninated Expenses: This is a fund for donations received that are to meet certain nominated expenses. Restricted Hall Equipment Fund: This fund relates to monies specifically to assist in the purchase of any equipment that might be needed for the Church Hall and Kitchen. Fund for Collection for Third Parties: This fund relates to collections for third parties that are then passed on to the respective third party. Further details regarding this are included in Note 4 to these accounts. Purposes of Designated Funds Bowling Club Fund: This fund relates to monies that have been set aside for the activities of the Church's Bowling Club. Hall Equipment Fund: This fund relates to monies that have been set aside to assist in the purchase of any equipment that might be needed for the Church Hall and Kitchen. Ignite Fund: This refund relates to Monies that have been set aside for the activities of the Church's Youth Group called "Ignite" The Ark Fund: This fund relates to monies that have been set aside for the activities of the Church's Parent and Toddler Group called "The Ark" which serves the wider community. Youth Council Fund: This fund relates to monies that have been set aside for youth activities within the Church. 2. Transaction with the Trnstees An amount of £2000.00 was paid during the year to a Trustee, Mr Joseph Farrell, in respect of grass cutting and ground maintenance. 16.75 acres of prime farniland was let to a Trustee, Mr Hugh Smytl during the year for a conacre rent of £2550.00. 9.26 acres of general grazing farniland was let to a Trustee. Mr Robert Farrell, during the year for a conacre rent of £500.00 Page 11
- MOVEMENT IN FUNDS otss to the financial statements for the year ended 31st December 2024 {contsnued} Assets Acquired net of Sales and Asset Revaluation Depreclation & Incoming Resources Outing Resources Investment Gain (Loss) 1stJan 2024 TAnsfers 31th Dec 2024 ndowment Funds ZCB Endowment Funds fustee owment 154,889.00 2,874.LbJ 157,763.00 £ 1,035.042.96 99.726.25 £ 1,134,769.21 £ 1,189,931.96 £ 102,600.25 £ 1,292,532.21 Restrfcted Funds Fields of Life Fund 29,558.93 80.00 29,638.93 Hall Equipment Fund 6,321.43 £ 6,181.23 -£ 6,CX)O.00 6,502.66 Collection for Third Parties £ 671.40 -£ 671.40 35,880.36 £ 6,93163 6,671.40 36,141.59 UnstrICted Funds Bowling Club 289.55 289.55 Ignite 383.98 383.98 The Ark 1.652.79 1,652.79 Youth Council 944.20 944.20 General 603,267.00 40,917.09 644,184.09 606.537.52 40.917.09 647.454.61 Total Funds £ 1,832,349.84 £ 6,932.63 -£ 6,671.40 40,917.09 £ 102,600.25 £ 1.976,128.41 Page 12