CHARITY REGISTRATION NUMBER: NIC105469 Drumkeeran Parish Church Unaudited Financial Statements 31 December 2023 THOMP ONA cou Chartered accountants 24 Main Street Kesh Co Fermanagh BT93 1TF ANCY
Drumkeeran Parish Church Financial Ststements Year ended 31 December 2023 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Statement of cash flows Notes to the financial statements
Drumkeeran Parish Church Trustees, Annual Report Year ended 31 December 2023 The trustees present their report and the unaudited financial statemen15 of the charity for the year ended 31 December 2023. Reference and administrative detalls Registered charity name Drumkeeran Parish Church Charity registratlon number NIC105469 Principal office 28 Montiaghroe Tubrid Kesh Co Femianagh BT93 1BE The trustees Rev C Eames Mrs E Aiken Mr G Barton Mr J Morton Mr W Anderson Mr B Seaney Mr D Knox Mrs l Boyd Mr G Knox Mrs C Mawhinney Mr P Stevenson Mr T Stevenson Mr W Stevenson Mrs L Thompson Mr R Thompson Mr J Vance Mrs S Moore Mr J Vance (Resigned 18 April 2023) Independent examiner Gary Thompson Structure, govemance and management Governlng Document and Constitution of the Charity Chapter111 of the Constitution of the Church of Ireland govems Parishes and Parochial Org£nisation. The Select Vestry member5 are the Charty Trustees.
Drumkeeran Parish Church Tru5tees' Annual Report (conllnued) Year ended 31 December 2023 Structure. governance and management (contlnued) Recruitment and Appointment of Select Vestry 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 the last 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 is elected as part of this General Vestry meeting. The Select Vestry will hold their positions for a period of one year. se Vestry members may be re-elected annually 2nd there is no limit on the number of temis which may be served. Organisational Structure The select vestry is responsible for the day to day management of the parish. The select vestry consists of the member of the clergy setving in the parish, the churchwardens, the glebewardens and generally not more than e1ve other members of the general vestry elected at Ihe General Vesty The select vestry is chaired by the incumbent or other member of the clergy officiating in the parish Select vestry mernbers are responsible for making decisions on matters of general concern and importance to the parish includlng deciding on how parish funds are to be applied. The select vestry meets at times red by the members or by the diocesan synod. Special meetings may be convened at any time by the chairperson or churchwarden5. Objectlv8s and activities The charitable purpose of the Church of Ireland is the advancement of religion. The princip81 function of Drumk88ran Parish Is to 8UPPOrt the advancement of the Christlan religion by promoting, through the work of Drumkeeran Parish the whole mission of the Church, pastoral, evangelistlG, social and ecumenical. Being open to and engaging with society as a whole and offering support for those needing help are fundamental lo the practical delivery of the benefits of Christianty. As a result of activity in the pursuit of the advancement of the Christian religion, Drumkeeran Parish 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 Drumkeeran Parish. Achievements and performance Drumkeeran continues lo support the work of other charilies and missionary work by either making donations or holding special collections during the year. The Parish has given special consideration to the Charity Commission of Northern Ireland's guidance on the public benefrt to ensure that all activities undertaken during the year have helped to achieve the Parish's aims and objectives, as well as providing public benefit. Flnancial rèview The parish recorded a sUlUS of £10,915 during the year ended 31 December 2023. The trustees pollcy on reserves hs to ensure that sufficient reseNes are retained to meet all future expendtture requirement5 as well as potential future capital projects.
Drumkeeran Parish Church Trustees. Annual Report (¢ontlntsed) Year ended 31 December 2023 The trustees, annual reFX)rt was approved on 9 May 2024 and signed on behalf of the board of trustees by.. Rev C Eames Trustee
Drumkeeran Parish Church Independent Examiner's Report to the Trustees of Drumkeeran Parish Church Year ended 310ecember 2023 I report on Ihe financial statements for the year ended 31 December 2023, which comprise the statement of financial activities, statement of financisl posltion. statement of cash flows and the related notes. RespeGtive responsibilities of trustees and examiner As the charity's trustees you are responsible for the pparatIOn of the accounts in a¢cordanGe with the Charitles Act (Northern Ireland) 2008. It is my responslbility to.. examine the accounts under section 65 of the Chartties Act., to follow the procedures laid down in the general Directlons given by the Charlty Commission for Northern Ireland under sèction 65(9)(bl of the Charities Act, and to state whether particular matters have come to my attenlion. Basis of independent examlnerfs report I have examined your chartty accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Direction5 given by the Charity Commission for Northem Ireland undèr section 65(9)(b} of the Charities Act. The examination included a review of the accountin9 records kept by the charity and a comparison of the accounts presented with those records It also included consideration of any unusual items or disclosures in the accounis, and seeking explanatlons from the 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 accountlng records were not kept in accordance with section 63 of the Charities Act That the 8Gcounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of the Charities Act Thal there is further infonnation needed for a proper understandlng of the accounts to be reached. Independent examIneS statement I have co above a Ihavef pleted my examination and have no concems in respect of the matters (1) 10 {4) listed in connection with following the Directions of the Charity Commission for Northern Ireland, nd no matters thal require drawing to your attention. mpson dent Examiner GA Thompson Accountancy 24 Main Street Kesh Co Fermanagh BT93 1TF
Drumkeeran Parish Church Statement of Flnancsal Activities Year ended 31 December 2023 2023 Restricted funds Total funds 2022 Unrestrided funds Total funds Income and endowments Donations and legacie5 Investment income Other income 47,133 1,761 13.504 1,207 48,340 1,761 13,504 46,089 1,348 10,178 Totsl income 62,398 1,207 63,605 57.615 Expendlture Expenditure on charitable acbvities Total expenditure 51,483 1,207 1,207 52,690 40,192 40,192 51.483 52,690 Net income 10,915 10,915 17,423 Other recognlsed gains and lossas Other gainsl(losses) user defined 1 Net movement in funds 1,534 12,449 1,534 2,578 20,001 12,449 Reconcillation of funds Total funds brought forward Total funds carried forward 417,421 417,421 429.870 397,420 417,422 429.870 The statement of financial actiwties includes all gains and losses recognised in the year. All income and expenditure dertve from continuing activities. The notes on pages 8 to 15 forrn part of these financlal statoments.
Drumkeeran Parish Church Statsment of Financial Position 31 December 2023 2023 2022 Note Fixed assets Tangible fixed assets Investments 11 12 227,937 52,684 280,621 227,873 51,150 279,023 Current assets Cash at bank and in hand 149.700 138.819 Credltors: amounts falllng due within one year Net current assets 13 451 421 149,249 429,870 138,398 Total assets Iv&s current liabilitles 417,421 Funds of the charity Unrestricted ftjnds 429,870 417,422 Total charity fvnds 14 429,870 417,422 These financial statements were approved by the board of trustees and authorised for issue on 9 May 2024, and are signed on behalf of the board by.. Rev C Eames Trustee Mrs E Aiken Trust88 The notes on pagag 8 to 15 fomi part of thesè financlal statements.
Drumkeeran Parish Church Statement of Cash Flows Year ended 31 December 2023 2023 2022 Cash flows from operating activltles Net income 10,915 17,423 Adjustments for." Depreciation of tangible fixed assets Other interesl receivable and similar income 734 (1,761) 719 (1,3481 Changes in.- Trade and other creditors 30 Cash generated from operations 9,918 16.795 Interest received 1,761 11,679 1,348 18,143 Net cash from operating activitles Cash flows from investing activitles Purchase of tangible assets Net cash used in investing activities {798) (798) (3,175) (3,175) Net increase In cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 10,881 138,819 149,700 14,968 123,851 138,819 Tho notss on page¥ 8 to 15 form part of these fmanclal 8tstsments.
Drumkeeran Parish Church Notes to the Flnancial Statements Year ended 31 December 2023 General Infonnation The charity is a public benefit entity and a registered charity in Northem Ireland and is unincorporated. The address of the principal office is 28 Montiaghroe Road, Tubrid, Kesh, Co Fermanagh. 8T93 1 BE. I Statement of compllance These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable In the UK and the Republic of Ireland,. the 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 1021 (Charities SORP (FRS 102)} and the Charities Act (Northern Ireland) 2008. Accountlng policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. i• The financial statements are prepared in sterling, which is the functional currency of the entity. Golng concorn There are no material uncertainties at)out the charty's abilty to continue. Judgements and key sources of estlmation uncertalnty The Trustees do not consider Ihat there are any critical judgements or estimates made in applying the Parish's accounting policies or that there are any critical accounting estimates or assumptions whlch may have a significant risk os Causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. Fund accounting Unrestricted funds are available for use at the discretion of the trustee8 to fvrther any of the charity'5 purp03e3. Designated funds are unrestricted funds eamiarked by the trustees for particular future project or commitment. Restricted funds are sublected to restrictions on their expenditure declared by the donor or through the temis of an appeal, and fall into one of two sub-cias5es'. restricted income funds or endowment funds.
Drumkeeran Parish Church Notes to the Financial Statements (continued) Year ended 31 December 2023 Accounting pollcies (conlinued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity- it is probable that the economic benefits associated with the transaction will flow to the charity and the amount Can be reliably measured. The following specific policies are applied to partlcular categories of income: income from donations or grants is recognised when there 15 evidence of entitlement to the gift. receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measur8 reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amourrts are included for the contribution of general volunteers. inGome from contracts for Ihe suppty of serviGe5 is recognised with the delivery of the contracted seNice. This is Glassified as unrestricled funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restrided. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expendtture on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficlaries, Including those support Gosts and costs relating to the govern4nce of the Gharity apportioned to charilable activities. other expenditure Includes all expendllurè that is neither related to raising funds ft)r the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single aclivty are allocated directly to that activity. Shared cost5 are apportioned between the activitie5 they contribute to on a reasonable, justifiable and consistent basi5.
Drumkeeran Parish Church Notes to the Financial Statements (¢ondnuedJ Year ended 31 December 2023 Accountlng policies (Continued) Tangible assets The Church Building and Graveyard are deemed to Hentage assets as defined by the Charities SORP (FRS102). These Heritage assets are not included on the Statement of Financial Position as infomiation on the cost or valuation is nol available and such Information cannot be obtained at a cost commensurale with the benefit to the users of the accounts and to the Parish. The Church Hall is consldered to be 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 financial Posrtion. The Rectory and adjoining field have been recognised at market value due to the d'rfficultie5 in éstablishing actual cost. The market value has be8n determined by thè trustees No depreciation has been attributed to the ReGtory as the remaining useful lrfe currently exceeds 50 years. The Building at Dernasesk is also deemed to be a Heritage asset as defined by the Charities SORP (FRS102)and as such is not included on the Statement of FInarla1 Position. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Equipment 20°/o reducing balanc Investments Unlisted equty investments are initially recorded at cost, and subsequentty measured at fair value. If fair value cannot be reliably measured, asset8 are measured at cost less impaimient. Listed investments are measured at fair value with Changes in fair value being recognised in income or expenditure. Impalmient of flxed assets A review for indicators of impainnent is carried out at each reportin9 date, With the reGoverable amount being estimated where such indicators exist. Where the carying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purpose8 of impairment testing, when it is not Possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The CaShenerating unit is the smallest identifiable group of assets that includes the asset and gènerates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impaimient testing of g[lW111, the goodwill acquired in a business combination is. from the acquisition date, allocated to each of the cash-generating units that are expected to benefii from the synergies of the combination, irrespective of whether olher 8ssets or liabllities of the charity are assigned to those units. 10
Drumkeeran Parish Church Notes to the Financlal Statements (continued) Year ended 31 December 2023 Donatlons and legacles Unrestricted Funds Restiicted Totsl Funds Funds 2023 Donations Freewill envelopes Tax refund gift aid Donations for charities Church collections Hawest Gift Day Sundy school Gollection Other donations Demasesk collections 27,896 7,047 27,896 7,047 1,207 438 2,350 227 3,904 814 1,207 438 2,350 227 3,904 814 Sub5criptlons Annual subscriptions 4,457 4,457 47,133 1,207 48,340 Unrestricted Funds Restricted Total Funds Funds 2022 Donations Freewill envelopes Tax refund gift aid Donations for charities Church collections Hatvest Gift Day Sundy school collection Other donations Demasesk collections 28.039 6,761 28,039 6,761 120 450 2,625 343 2,251 1,052 120 450 2,625 343 2,251 1,052 Subscrlptions Annual subscriptions 4,448 4,448 45,969 120 46,089 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest Interest R. C.B bequests 587 1,174 1,761 587 1,174 224 1,124 1,348 224 1.124 1,761 1,348 11
Drumkeeran Parish Church Notes to the Financial Ststements (contlnuedj Year ended 31 December 2023 Other income Unrestricted Totsl Funds Unrestricted Total Funds Funds 2023 Funds 2022 Church magazines Graveyard fees Women Together Rectory rent Other sundry income 220 1,915 2.050 7,800 1,519 13,504 220 1,915 2,050 7,800 1,519 13,504 180 1,760 1,425 6.600 213 180 1,760 1.425 6.600 213 10,178 10,178 Expenditure on ¢harltable activities by fund type Unrestricted Funds Restricted Totsl Funds Funds 2023 Tubrid Dernasesk 50,531 952 1,207 51,738 952 51,483 1,207 52,690 Unrestricted Funds Restricted Total Funds Funds 2022 Tubrid Dernasesk 40,010 61 120 40,130 62 40,071 120 40,192 Expenditure on charitable a¢tlvltles by aGtfvity type Activities undertaken Total funds directly 2023 Total fund 2022 Tubrid Demase8k 51,738 952 51,738 952 40,130 62 52,690 52,690 40,192 Net income Net inGome is staled after chargingllcrediting).. 2023 2022 Depreciation of tangible fixed assets 734 719 12
Drumkeeran Parish Church Notes to the Financlal Statements {contlnuedJ Year ended 31 December 2023 10. Independent examinatlon fees 2023 2022 Fees payable to the independent examiner for. Independent examination of the financial ststements 480 420 11. Tangible flxed assets Freehold propety Equipment Total Cost At 1 January 2023 Additions 225,OCrtJ 4,450 798 229,450 798 At 31 December 2023 225,000 5,248 230,248 Depreciation At 1 January 2023 Charge for the year At 31 December 2023 1.577 734 1,577 734 2,311 2,311 Carrylng amount At 31 December 2023 225,000 2,937 2.873 227,937 227,873 At 31 Dember 2022 225,000 12. Inv8Stments Other investments Cost or valuation At 1 January 2023 Additions Fair value movements 51,150 1,534 At 31 December 2023 52,684 Impairment At 1 January 2023 and 31 December 2023 Carrying amount At 31 December 2023 52,684 At 31 December 2022 51,150 All investments shown above are held at valuation. 13
Drumkeeran Parish Church Notes to the FlnanGlal Statements (eonllnu8dJ Year ended 31 December 2023 13. Credltors: amounts falllng due within one year 2023 2022 Trade creditors 451 421 14. Anatysis of charitable funds Unrestricted funds At 1 January 20 23 At Gains and 31 December osses 2023 Income Expenditure General funds 417,421 62,398 (51,483) 1,534 429,870 At 1 January 20 22 At Gains and 31 December losses 2022 Income Expenditura General funds 397,420 57,495 (40,071) 2,578 417,422 Restricted funds At 1 January 20 23 At Gains and 31 December losses 2023 Income Expenditure Charity Fund 1,207 (1,207) At 1 January 20 At Gains and 31 December losses 2022 Income Expenditure Charity Fund 120 (120) The Charity Fund is used for donations made specifically for a particular Charity. 14
Drumkeeran Parish Church Notes to the Financlal Statements {contlnu•d) Year ended 31 Decèmber 2023 15. Analysis of net assets between funds Unrestricted Total Funds Funds 2023 Tangible fixed assets Investments Currenl assets Creditors less than 1 year Net assets 227,937 52,684 149,700 {451) 429,870 227,937 52.684 149,7(YJ (4511 429,870 Unrestricted Total Funds Funds 2022 Tangible fixed assets Investments Current assets Creditors less than 1 year Net assets 227,873 51,150 138,817 (419) 417,421 227,873 51,150 138,817 {419) 417,421 16. Analysis of changes in net debt At At 1 Jan 2023 Cash flows 31 Dec 2023 Cash at bank and in hand 138,819 10,881 149,700 17. Related partles Thère were no transactions with trustees during the year that require disclosure, 15