CHARITY REGISTRATION NUMBER: NIC105469 Drumkeeran Parish Church Unaudited Financial Statements 31 December 2024 GA THOMPS N ACCOUNTANCY Chartered accountants 24 Main Street Kesh Co Fennanagh BT93 1TF
Drumkeeran Parish Church Financial Statements Year ended 31 December 2024 Page Trustees, annual report Independent examinerfs 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 2024 The trustees presenl their report and the unaudited financkal statements of the charity for the year ended 31 December 2024. Reference and administrative details Registered charity name Drumkeeran Parish Church Charity registration number NIC105469 Principal office 28 Montiaghroe Tubrid Kesh Co Fennanagh BT93 1 BE The trustee$ Rev C Eames Mrs E Aiken 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 Independent examiner Gary Thompson Structure. governance and management Governlng Document and Constitution of the Charity Chapter111 of the Constrtution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees. Recruitment and Appointment of Select Vestry All members of the Church of Ireland 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 pansh, allowng them to attend and vote at meetings of the general vestry and to stand for election to the select vestsy. 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 hotd their posrtions for a period of one year. Select Vestry members may be re-elected annualty and there is no limit on the number of temis vthich may be served.
Drumkeeran Parish Church Trustees. Annual Report (¢ontinuedJ Year ended 31 December 2024 Structure. governance and management (¢onttnued) 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 serving in the parish, the churchwardens. the glebewardens 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 concem and importance to the parish including decTrding on how parish funds are to be applied. The select vestry meets at times fixed by the members or by the dioGesan synod. Special meetings may be Convened at any time by the chairperson or churchwardens. Objectives and activities The charitable purpose of the Church of Ireland is the advancement of rel10n. The principal function of Drumkeeran Parish is to support the advancement of the Christian religion by promoting, through the work of Drumkeeran Parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Being open to and engaging wth society as a whole and offering support for those needing help are fundamental to the praGtical delNery of the benefrts of Christianity. As a result of activty in the pursuit of the advancement of the Christian religion. Drumkeeran Parish has custody of property and of records, materials and artefacts of snIfICance to the cultural and religious heritage and maintenance of vthich is undertaken by the select vesty of Drumkeeran Parish. While our nonnal actmties continued the year 2024 marked a milestone event in the lrfe of our parish as we celebrated the 250th Anniversary of the church which was built as the resull of the legacy of George Vaughan which also resulted in the building of the former Charter School behind the church building as well as other notable buildings in the area. We marked this occasion in two vRys. In May we had Olwen Gonnley who has spent the past number of years unearthing the story of George Vaughan, his lrfe and his legacy deliver a talk to a large crowd of people on the subject. This event was well received and the furthest attendee hailing from Ontario. It is hoped to produce a booklet holding the infomiat]'on later this year. In September had a special service which also marked this occasion as well as thanking God for his provision to us in the harvest. This semce was well attended and many present enjoyed a delicious lunch after the service. A special collection was taken and as a result we donated £250 to ten charities to mark this special occasion. Achievements and perfonnance Drumkeeran continues to support the work of other charities and missionary WO by ef(her making donations or holding special collections during the year. The Parish has given special consideration to the Charity Commission of Northem Ireland's guidance on the public benefit to ensure that all activtties undertaken during the year have helped to aGhieve the Parish's aims and objectives, as well as provlding public benef
Drumkeeran Parish Church Trustees. Annual Report (conttnuad) Year ended 31 December 2024 Financial VIeW The parish recorded a sutplus of £6,682 during the year ended 31 December 2024. The trustees policy on reserves is to ensure that sufficient reserves are retained to meet all future expenditure requirements as well as potential future capital projects. The trustees. annual report was approved on 28 March 2025 and signed on behalf of the board of trustees by. OLLCZ Rev C Eames Trustee
Drumkeeran Parish Church Independent Examinerfs Report to the Trustees of Drumkeeran Parish Church Year ended 31 December 2024 I report on the financial statements for the year ended 31 December2024, which comprise the statement of financial activities. statement of financial posttion. ststemerrt of cash flows and the related notes. Respective responsibililies of trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibilty to.. examine the accounts under section 65 of the Charities Act., to follow the procedures laid down in the general Directions gsven by the Charity Commission for Northern Ireland under section 65(9)(b) of the Chartlies Act" and to state whether particular matters have ccrtne to my attention. Basis of independent examlnerfs report I have examined your charrty accounts as required under section 65 of the Charities Act and my examination was carried out in accordance wth the general Directions given by the Charity Commission for Northern Ireland under section 65{9){b) of the Charities Act. The examination included a review of the accounting records kept by the charty and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees conceming any such matters. My role is to state whether any material matters have ccKne to my attention giving me cause to believe: That accounting records were not kept in accordance with section 63 of the Chartiies Act That the accounts do rot accord with those accounting records That the accounts do not compty with the accounting requirements of the Charrties Act That there is further information needed for a proper understanding of the accounts to be reached. Independent examinerfs statement I have completed my examination and have no concerns in respect of the matters (1) to {4) listed above and, in onnection with following the Directions of the Charity Commission for Northern Ireland, I have found matters that require drawing to your attention. pson dent Examiner dep GA Thompson Accountancy 24 Main Street Kesh Co Femianagh BT93 1TF
Drumkeeran Parish Church statement of Financial Activities Year ended 31 December 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Total funds Note Income and endowments Donations and legacies Investment income other income 40.296 2,301 12,920 40,376 2,301 12,920 55.597 48.340 1.761 13,504 Totsl income 55.517 80 63.605 Expenditure Expenditure on charitable activities Totsl expenditure 48.835 48,835 80 48,915 52,690 52,690 80 48.915 Net income 6,682 6,682 10.915 Other recognised galns and losses Other gainsl(losses) user defined 1 Net movement in funds 980 980 1,534 12,449 7,662 7,662 Re¢on¢iliation of funds Total funds brought forward Total funds Carried forward 429,870 437.532 429,870 437,532 417,421 429,870 The statement of financial activtties includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 8 to 15 form part of those flnan¢lal statements.
Drumkeeran Parish Church Statement of Financial Position 31 December 2024 2024 2023 Note Fixed assets Tangible fixed assets Investments 11 12 232.303 53,664 285,967 227,937 52,684 280,621 Current assets Cash at bank and in hand 152,045 149,700 Credltors: amounts falling due wlthln one year Net current assets 13 480 451 151,565 149.249 Total assets less current liabilities 437,532 429,870 Funds of the charity Unrestricted funds 437,532 437,532 429,870 429,870 Total charty funds 14 These financial statements were approved by the board of trustees and authorised for issue on 28 March 2025. and are signed on behalf of the board by: Rev C Eames Trustee Mrs E Aiken Twstee The notes on pages 8 to 15 forni part of these financial statements.
Drumkeeran Parish Church Statement of Cash Flows Year ended 31 December 2024 2024 2023 Cash flows from operating activities Net income 6,682 10,915 Adjustments for Depreciation of tangible fixed assets Other interest receivable and similar income 1,826 {2,301) 734 {1,761) Changes in." Trade and other creditors 29 30 Cash generated from operations 6,236 9,918 Interest received 2.301 1.781 11,679 Net cash from operating activities 8.537 Cash flows from investing activities Purchase of tangible assets Net cash used in investing activiknes (6,192) (6,192} (798) (798) Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 2,345 149,700 10,881 138,819 149,700 152,045 The notes on pages 8 to 15 fom) part of these financial statomonts.
Drumkeeran Parish Church Notes to the Financial Statements Year ended 31 December 2024 General Infomiation The charity is a public benefrt entty and a registered Charity in Northem Ireland and is unincorporated. The address of the principal Offi is 28 Montiaghroe Road, Tubrid. Kesh, Co Femianagh, BT93 1BE. Statement of compliance 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 charibes preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act (Northem Ireland) 2008. Accounting 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 incwie or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entity. Going concern There are no material UnrtaIntieS about the chantys abilty to continue. Judgements and key sources of estimation uncertainty The Trustees do not consider that there are any critical judgements or estimates made in applying the Parish's accounting policies or that there are any crrtical accounting estimates or assumptions which may have a significant risk os causing a material adjustment to the carrying amounts of assets and liabilities wthin the next financial year. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charitys purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future projeGt or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of SUlaSSes.. restricted income funds or endowment funds.
Drumkeeran Parish Church Notes to the Financial Ststements (cononuedj Year ended 31 December 2024 Accounting policies (¢t)nttnuedJ Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charty.. it is probab5e that the economic benefits associated with the transaction will flow lo the charty and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised vthen there is evidence of entitlement to the gift, receipt is probable and tts amount can be measured reliably. legacy income 5s 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 measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and 5ervi¢es are recognised in the aGGounts when received rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the suppty of services is recognised with the de15very of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned rf unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liabilrty is incued. Expenditure includes any VAT which cannot be fully recovered, and is classrfEd under headings of the statement of financial activrties to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activtties, 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 beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expendrture includes all expenditure that is neither related to raising funds for the charity nor part of rts expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directty to that activty. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and conStent basis.
Drumkeeran Parish Church Notes to the Financial Statements Iconlinue Year ended 31 December 2024 Accounting policies (contlnuedj Tangible assets The Church Building and Graveyard are deemed to Herttage assets as defined by the Charities SORP (FRS102). These Heritage assets are not included on the Statement of Financial Position as information on the cost or valuation 15 not available and such infomiation Gannot be obtained at a cost c(xnmensurate with the benefrt to the users of the accounts and to the Parish. The Church Hall is considered to be attached to the Church and as such is not separable as an individual asset. As such tt is deemed to be a Heritage asset and no value is ascribed to it in the Statement of financial Position. The Rectory and adjoining field have been recognised at market value due to the difficulties in establishing actual cost. The market value has been determined by the trustees. No depreciation has been attributed to the Rectory 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 Financial Position. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less tts residual value, over the useful economic lrfe of that asset as folbws.. Equipment 20% reducing balan Investments Unlisted equty investments are inibally recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment. Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure. Impaimient of red assets A review for indicators of impaiment is carried out at each reporting dale, with the recoverable amount being estimated v4here such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired a¢¢ordingty. Prior impaimients are also reviewed for possible reversal at each reF>Orting date. For the purposes of impaimient testing. when li 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 ¢ash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash irffloy from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is. from the acquisition date. allocated to each of the caslFgenerating units that are expected to benefit from the synergies of the combination. irrespective of whether other assets or liabilities of the charty are assigned to those units. 10
Drumkeeran Parish Church Notes to the Financial Statements {eontlnu Year ended 31 December 2024 Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations Freewll envelopes Tax refund grft aid Donations for charities Church collections Harvest Gift Day Sunday school collection Other donations Dernasesk collections 26,678 6.005 26,678 6,005 80 379 2,380 132 1,780 762 80 379 2.380 132 1.780 762 Subscriptlons Annual subscriptions 2.180 2,180 40,376 40,2 80 unStrICted Funds Restricted Total Funds Funds 2023 Donations Freewill envelopes Tax refund gift aid Donations for charities Church collections Harvest Gtft Day Sunday sch¢)ol collection 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 Subscriptions Annual subscriptions 4,457 4,457 48,340 47.133 1,207 Investment inGorne Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest Interest R.C.B bequests 1,028 1,273 2.301 1,028 1,273 2,301 587 1.174 587 1,174 1.761 1.761 11
Drumkeeran Parish Church Notes to the Financial Statements (eontinu8dJ Year ended 31 December 2024 Other income Unrestricted Totsl Funds Unrestricted Total Funds Funds 2024 Funds 2023 Church magazines Graveyard fees Women Together Rectory rent other sundry income 220 445 2.208 7.200 2.847 220 445 2,208 7,200 2.847 220 1.915 2.050 7,800 1.519 220 1,915 2,050 7,800 1,519 12.920 12,920 13.504 13.504 Expenditure on charitable actfvltles by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Tubrid Dernasesk 48,314 521 80 48,394 521 48.835 80 48,915 Unrestricted Funds Restricted Total Funds Funds 2023 Tubrid Dernasesk 50,531 952 1.207 51,738 952 51,483 1,207 52,690 Expenditure on charltable actlvFties by activity type Actrrf51ies undertaken Totsl funds directly 2024 Totsl fund 2023 Tubrid Demasesk 48,394 521 48,394 521 51,738 952 48.915 48,915 52.690 Net Income Net income is ststed after chargingl(crediting): 2024 2023 Depreciation of tangible fixed assets 1,826 734 12
Drumkeeran Parish Church Notes to the Financial Ststements (conttnued) Year ended 31 December 2024 10. Independent examination fees 2024 2023 Fees payable to the independent examiner for= Independent examination of the financial statements 480 480 11. Tangible fixed assets Freehold property Equipment Total Cost At 1 January 2024 Additions 225,000 5.248 6,192 230,248 6,192 236,440 At 31 December 2024 225,000 11,440 DepCiatIon At 1 January 2024 Charge for the year At 31 December 2024 2.311 1.826 2.311 1,826 4.137 4,137 Carrying amount At 31 December 2024 225.000 7,303 232,303 At 31 December 2023 225,000 2,937 227.937 12. Investments Other investments Cost or valuation At 1 January 2024 Additions Fair value movements 52.684 980 At 31 December 2024 53,664 Impairment At 1 January 2024 and 31 December 2024 Carrying amount At 31 December 2024 53,664 52,684 At 31 December 2023 All investments shown above are held at valuation. 13
Drumkeeran Parish Church Notes to the Financial Ststements (¢onttnuedJ Year ended 31 December 2024 13. Creditors." amounts falling due withln one year 2024 2023 Trade creditors 480 451 14. Analysis of charitable funds Unrestricted funds At Gains and 31 December losses 2024 1 January 202 Income Expendtture General funds 429,870 55.517 {48,835) 980 437,532 At 1 January 202 At Gains and 31 December losses 2023 In¢ome Expenditure General funds 417,421 62.398 (51,483) 1.534 429,870 Restricted funds At 1 January 202 At Gains and 31 December losses 2024 Income Expenditure Charty Fund 80 (80) At 1 January 202 At Gains and 31 December losses 2023 Income Expenditure Charity Fund 1.207 {1,207) The Charity Fund is used for donations made Speciflty for a particular Charity. 14
Drumkeeran Parish Church Notes to the Financial Statements (eontlnu Year ended 31 December 2024 15. Anatysis of net assets between funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Investments Current assets Creditors less than 1 year Net assets 232,303 53,664 152,045 (480) 437,532 232,303 53,664 152,045 (480) 437,532 UnrestriGted Total Funds Funds 2023 Tangible fixed assets Investments Current assets Creditors les5 than 1 year Net assets 227,937 52,684 149,700 (451) 429,870 227,937 52,684 149,700 (451) 429,870 16. Analysls of changes In net debt At At 1 Jan 2024 Cash flows 31 Dec 2024 Cash at bank and in hand 149.700 2.345 152.045 17. Related parties There were no transactions with trUStS during the year that require disclosure. 15