CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANGIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNTI
Vnr•strlctod
Funds
RestrtctÈd
Funds
Totsl
2024
Unr¢striet8d
Funds
Restricted
Funds
Total
2023
Income and
end¢)vmionts from:
Charitable P£IN1t￿S
1.322.788
1.141.81X)
2.464.588
1.189.752
1.Y24.328
2.414.080
Investmerts
2.$69
82.1)62
84.631
2,531
77.2F
79.797
Other
126.976
269.4n
396,449
1.077,945
1.146,993
Total
1.452.333
1.493,335
2.945.868
1.261,331
2.379.539
3,640.870
Expgnlllture on:
Charitable
1,437.&)9
1.295.421
2.733.030
1.209,919
1.293.693
2,503.612
Other
(7241
242.464
241,740
4,452
187.424
191,876
Total
1.436.885
1.537.885
2.974.770
1.214.371
1.481.117
2.695.488
NET I(Xtrtinglllncorr*
15.448
144.550
129,1021
898.422
945.382
Gainsllknssesl on
veslments
82,059
8.497
108.250
116.747
78,153
Tran5feTS
(208.438}
208.438
{143,S091
143,509
Othèr movements
Transfer frorn re5erveJ
1114,0501
1114.0501
Net Movem•nt In
Funds
{184.493}
272,138
87.645
(92,6431
1.(X)6.034
913.391
Reconclllatlon of
fvnd5
Total Funds browjht
forward
21
670,927
3.950.510
4.621,437
763,570
2.9U.476
3,708,046
Total F￿ndS cartied
forward
486.434
4.222.648
4.709.082
670.927
3.950.510
4.621,437
The statement of financial actwities includes all gains and bsses recognised in the year.
All income and expenditure derive from continuing activtties
The notes on pages 15 to 33 forn part of these accounts
12

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2024
BALANCE SHEET
Notes
2024
2023
Fixed assets
Tangible assets
Investments
14
15
8,527
2 793 851
2.802.378
11.369
2677 104
2,688.473
Current assets
Debtors
Cash at bank and in hand
17
18
978.162
952 076
1.930,238
934,438
1026 647
1.961,085
Current Liabilities
Creditors- amounts falling due within one year
19
Net current assets
1906 704
1932 964
Total Assets Less Current Liabilities
4 709 082
4 621437
Credttors.. amounts falling due after more than one year
20
Total Net Assets
Funds
Unrestricted funds
Restricled
21
21
486,434
4 222 648
670,927
3 950 510
Total Funds
Theses financial statements were approved and authonsed for issue by the DI(￿esan Council on
on ils behalf by=
(Clerical Honorary Secretary)
(Lay Honora
Secretary)
The notes on pages 15 to 33 form an integral part of these financial $tsterr￿nts.
13

CHURCH OF IRELAND DIOCESE OF DOWN ANO DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 December 2024
2024
2023
Notes
Cash flows from operating
activities
Cash generated from
operations
24
(159,2021
10,464
Investing activities
Purchase of investments
Disposal of tangible fixed assets
Investment income received
(146,713)
680
79.797
84.631
Net cash {used in)Igenerated
from investing actlvitles
84,631
(66,236)
Financing activities
Increasel{decrease) in bank bans
{274,7051
Net cash used in financing
actlvltles
274.705)
Net Increasel{de¢rease) in cash
and cash equivalents
(74,571>
{330,477)
Cash and cash equivalents of
beginning of year
1.026.647
1.357,124
Cash and cash equivalents at
end of year
952,076
1,026,647
Relatlng to:
Bank balances and short term
deposits
952.076
1.026,647
14

CHURCH OF IRELAND DIOCESE OF DOVIN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS
ACCOUNTING POLICIES
The principal accounting policies, judgmenis and key sources of estimalion Un￿rtaInty are set out below.
{a) Basis of accounting
These financial statements have been prepared under the historical cost convention and in accordance
th applicable accounting standards, the Statement of Recommended Practice {SORP) 'Accounting and
Reporting by Charities" effective January 2015 and FRS 102 "The Financial Reporting Standard Applicable in
the UK and Republic of Ireland".
The Di¢xesan Council Members consider that these accounting policies are surtable, have been consistently
applied and are supported by reasonable and prudent judgment and estimates.
The Di¢xese of Down and Dromore meets the definition of a publfrc benefrt entty under FRS 102. The
financial statements are prepared in accordance with the historical cost convention.
(b) Going concern
The Diocesan Council has revievéed the budget for the year ahead. and is satisfied that there are adequate
funds in place to ensure that the DirKese can continue its activities. There are no material uncertainties about
the organisation's abiltty to continue, and on that basis il is a going concem.
{c) Income Recognition
Income is recognised in the period in which the charity is entitled to receipl and the amount can be measured
with reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming
fully entitled to it or where the donor has specrfied that the incorne is to be expended in a future period.
Grants, including caprtal grants. from the government and other agencies have been included as income from
a¢tNlties in furtherance of the charity's objects where these amount to a contract for services. but included as
donations where the money is given in response to an appeal or wrth greater freedom of use. for example,
govemmenl block grants Donated facilities are included at Ihe value to the charAy where this can be
quantified and a third paty is bearing the cost. No amounts are included in the financial statements for
services donated by volunteers.
(dl Expenditvre
Expenditure is included in the Statement of Financial Activtties on an accmals basis. exclusive of any VAT
which can be recovered.
Certain expenditure is directly attributable to specific acttvities and has been included in those cost categories.
Certain other costs. which are attributable to more than one activity. are apportioned across cost categories on
the basis of an estimate of the proportion of lime spenl by staff on those activities.
(e) Fund Accountlng
Designated funds are unrestricted funds set aside at the discretion of the trustees for specific purposes.
Unrestricted funds are funds that are available for use at the trustees, discretion in furtherance of the
objectives of Ihe Diocese in accordan￿ with the regulats.ons that govern the Diocesan Council.
Restricted fvnds are those donated for use in a particular area or for specffjic purposes. the use of which is
restricted by the funder to that area or purpose.
15

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DE¢EM8ER 2024
NOTES TO THE ACCOUNTS ICONT'D}
(fl Inveslments
All income from investments is accounted for on an accruals basis. Deposit interest receivable, expenses and
interest payable are accounted for on an accruals basis. Listed investments comprise those quoted on a Stock
Exchange. These investments have been valued at market value which is based on the middle market prices
ruling at the close of business on 31 December 2024. Any realised profrts or losses. arising on fixed asset
investment sales are taken direct to the statement of financial ￿tiVitIes. Profrts or k)sses are cakulated on Ihe
average cost basB.
Ig) Depreciation of tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write
off the cost less estimated residual value of each asset over its expected useful lrfe. as follows..
Equipment, Fixtures & Fittings
Freehold Buildings
250h reducing balance
2./0 Straight line
Buiklings are not depreciated. It is the policy of the Dsocese to maintain its properties in a state of good repair.
The Diocesan Council's assessment of the residual value (based on values prevailing at acqui51tion) and useful
economic lrfe of the long leasehold property is such that the charge for depreciation woukl not be significant.,
consequently this property is not depreciated. The depreciation rate for fixtures & frtting and computer equipment
was changed to reducing balance from strawht line as the Council feel this is a better reflection of the value of
the assets to the Diocese.
{h) Impairment of fixed assets
At each balance sheet date, the carrying amounts of tangible and intangible assets are reviewed to determine
whether Ihere is an indication that those assets have suffered an impairment loss. Wnere the carrying value
exceeds the estimated ￿COVerable amount (being the greater of fair value less costs to sell and value-in-use),
an impairment toss is recognised by writing down the assets cash-generating units to their recoverable amount.
An impaiment loss is recognised immedialety in the profrt and loss. Any reversal of a previous irnpaimienl loss
is similarly recognised immediately in the profi( and k)ss.
(11 Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepartl net of any trade discounts due.
til Cash at bank and In hand
Cash and cash equivalents include cash in hand. deposrts held at call with banks and other short-lemi liquid
investrnents with original maturities of three months or less.
(k) Creditors and provisions
Creditors and provtsions are recognised where the chanty has a present obligation resulting from a past event
that will probabty result in the transfer of funds to a third party and the amount due to settle the obligalion can
be measured or estimated reliably. Credrtors and provisions are normally recognised at their settlement amount
after allowing for any trade discounts due.
(11 Financial instruments
The charity only has financial assets and financial liabilthes of a kind that qualify as basic financial instruments.
Basic financial instruments are inth'ally recognised at transactK)n value and subsequently measured at their
settlemenl value.
16

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS ICONT'DI
(ml Pension costs
The Diocese conlributes lo the full costs of the pension schemes for slaff employed by the Diocesan Council.
Contributions payable are charged to the Revenue Account in the perityj to whr¢h they ielate. These
contributions are invested separately from the assets of the Diocesan Council.
Income from charitable actlvltles
2024
Unrestricted R•strld•d
Fund$
Funds
2023
Total Designatsd Uftrestriet•d Restrlcted
Funds
Fund
Funds
Designated
Fund$
Total
Parochial
assessments
MIs5ion &
ministry
ipls
870,816
870.816
851.S92
851,592
64.468
296,899
926.387
1.287.754
43.536
207,019
1.011.112
1,261,667
64.468
1.167.715
926.387
2,158.570
43.536
1.058.611
1.011,112
2.113,259
Grants
51.670
38.935
215,413
306.018
47.170
40,435
213,218
300.821
Total
116.138
1.2(￿.650
1.141.8
2.464.588
.706
1.099.046
1.224.328
2.414.080
Income from investrnents
2024
2023
Desi9nat¢d Unrèstriet•d R•strlcted
Funds
Funds
Funds
Dèsignat8d
Funds
Unrèstrlcted Restricted
Funds
Funds
Total
DiwideThls
Intere51
re￿1vable
2.569
72.226
74.795
2,531
67.548
70,D79
9.836
9,718
9,718
2,￿9
84.631
2.531
77.266
79.797
Other Incorne
2024
2023
D•stgnat4d
Funds
Unrg$tricted
Restrict•d
rotsl
09s19nated Unrestrict•d
Funds
Fund5
R•stilct4d
Tt)tal
Funds
Fun(ts
Funds
Sundry Items
Stipends
Joint CDfTwnillee
126.976
19,713
146.689
69,048
121,967
157.281
798.697
191.015
247.423
2,337
247.423
157,281
798.697
2.337
t26,976
269.473
3*.449
69,048
1.077.945
1.146,993
17

Cf IREL*P￿ f¥ocESEOF AND DROMORE
FWIAK1ALSTATEWENTSFtKITHE YEAREfffjED31 DECEklBER Zfj2
NOTES TO THE ACCOUNTS ICONT'DI
Grants reeeived
2024
20
Fur
Fw*
F¥rtd
Fund5
Fun
2,4
edrasicify CO￿nc￿ ¢￿treathi￿A￿l￿ SeEkeisi
Ee¢DAVW IfilaThicChuFth P￿ni)
lTu*cafftetCtr￿th P
p￿nI*S Fwo I
Pnonl*s Fwd (Con￿￿•1111nl9kn￿I
PM11￿s FL*id IDvAn & y￿Jth Owti
low￿ruMc￿Uffth
Fwo ￿￿1(￿chtoA5y￿rnSeekeI5l
ITIlan￿thrthp￿j
Pth)Di*s Fthid IKiknuthl
F￿0 (Ards Conmd)
An¢n TNs¢iG•A8ralChL¥ch P&￿il
In¢wnabon* Mi*S￿lINe*rY
KE¢P ILtrA*rBt
WÈW Inth*ots¥ MISS￿{T￿r￿ch￿tth Fl*>
A¢8_CIYD OtyFun¢mo
Re8-M￿￿ PAan¢rs-Ti1an￿chwthPImt
Re8 - N¢ff3sutChuch Planl
Re8- p￿nIel kliThslry-WanBryohil
Col you￿ Dwanmnl
coi oc$
col ILty¥erBt4Th111
coi cts (Art$￿traI
Coi cts ID&DPThsÈ Part￿1
COI OCS IFoi9thlTh)Istyi
coi ocs (rvWèMlCh￿￿F*ailI
¢01 ocs It￿￿￿mi
8172
8272
io.
J.¢
$2Th)
2CQ
4.s
iO.UUD
io.r*)o
10.0
929T
O,Y35
11.
11.rth)
1.0
18

OF IPELINfJ rM)CESE OF fAYtt4 l￿D DROM(*iE
Ari**wL$TATEfiENfs F￿l￿EYEARE￿ets3l (E¢EM8ER ￿24
NOTES YO THE A¢¢OUNfs ICONTDI
Gfènts recolved l¢ont'di
1023
Talal
Um*sirkiryd ￿•￿(l•d
Fwd
Fknnds
Tot•1
Funds
Fwd$
Futsjs
FuvAJ$
10.otyj
17.fO)
17.C
17.C
16.(
ArmTpMt l￿e￿n￿Gener4￿￿urth 2D24)
Amnyntst ts*Jtiai **3025)
TBF&KL TrJ51 (Afdscwnerti
TBF SKL IArd5Cwllffll
TBF &KL Ttr¢ryS￿ IOAregth Iv Refv9ees& AWmS¢ekiySI
TBF &KL Tlwjryso￿ T￿￿102tre￿tht￿ B￿￿9￿*$&A$ybmN$￿￿*j$I
17.CA)D
16.¢I)0
1,J34
2.16
4.thjo
1.￿0
1h)O
650
BlackS4lll&(Lwei Br4￿￿)
Black S4fi14 ITrt*K￿rt¢t)
HL¥JSe DIVK RYD IDJrawnl
HL¥J$eolV￿￿n IG¥%r4)
IWSeOIv￿
J.J54
IQ6
16.670
14.170
2.500
Anon Tiu#- TL*yrwnel
Jose￿ RankT￿St(rl￿￿0￿N￿)
rtuWmEI}
20.tr4J
ID.000
4.180
4,110
BÈneli•J TiuStlDjoc¢￿ll SeeWS*I Rthwsi
8enelailTruallMI￿stryA￿￿k￿￿s￿1pSctr￿￿I
2D.000 20,1
Vi(*0￿ H¢n*s TnJs¢(LO￿l knx¢ll
Progr￿)
S￿d F￿￿l￿ne1￿￿h P￿￿m•1

alLIRCH ￿ IIELATrI) tXOCÉ*OF Do￿￿11D0ROm0RE
ANAI4CIAL sfATEIIE14TS FOAnEYE*ft EIIDED31 LECEMBER 1021
Gr•ot$ rK4Y•d1¢4ykVdl
2023
Tutsl
Tolal
Fur
F¢J*Js
P￿dI
Fund
04 FAolhéTS 8wl
04 Molhéts ffhÈGknChwthPkn
D& unl￿ Qt4rtetl
15D
150
250
o&
David PsulCro59 rr14￿[￿
io.otyj
10,000
7,500
T[U￿
37604
18.175
51.67
38.935
3￿.Ole
¢0.435
3W.822
20

CHURCH OF IRELAND DIOCESE OF DO?￿ AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS {CONT'D)
Breakdovm of expenditure on charitable actlvltles
Notes
2024
2023
Grants & Ministry Supwrt
Priorities. fund
Central Church Assessments
Clergy Pension
Project Delivery
Support Costs
171,830
78,650
189,480
701.238
1.008,642
583.190
264.655
70,785
180.612
802,195
708,310
477,055
10
2,733,030 2,503.612
Grants and support for mlnlstry
2024
2023
Designated Unrnstrlctsd Restrlcted
Funds
Fund5
Funds
D¢si9natad Unrestrlcted Re3trlcted
Funds
Funts
Funds
Total
ntsln
Parish85
Down C81IRdralIge￿ra1
supporil
Bangor Prima
Bellasl.. St Brendan's
West Newtownards
Pansh Support Fund..
Annaclone
Parish Swport Fund..
Magheralty
Newcastle- Fan¥lies Work
Support
Diocesan Rejuvenation
Fund- lfj"ltyleagh
Diocesan Rejuvenatlc
Fund- Gilnahirk
Diocesan Rejuvenatic
Fund- Casllewellan
Diocesan Rejuvenab"¢
Fund- ￿1¢00
Dlocesan Rejuvenation
Fund- St John's Lurgan
20.¢XiI
20,OCX)
20.000
3.500
10,000
3.500
10,000
20.000
S.fJ)O
20.0
2.500
2.500
2,500
38,000 38.oc
s,¢x)o
S.CQO
2.500
2,5CKJ
2,500
2.5
11,Q)O
77,500 117.%10
11.0(X)
13.OIY) 38,CKIO
20.OLKb
20.0(
Grants for DIO￿an &
The HUB Belfast
Church Plant Fund
inistry Apwentsce Scherr
Rejuvenalion Fund
Lambeih Resclutron Grant
3,C()O
6.￿2
5,CK)O
18,C#)4
3.078
6,002
5.000
18.004
10,760
42.766
18.004
3.078
35,084
18.004
10.760
42,7e6
5.C•JO
$5.084
13.0(￿ 73.084
20.OC(>
62,766
77.5￿ 160.286
21

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS ICONT'D)
Ministry Support
2024
2023
Dosignatgd Unr•strF¢t•d Restir¢t¢d
Funds
Fund¥
Funds
Total
Doslgnated
Funds
UTrrestrlctèd
Funds
Restricted
Funds
Totsl
Cler
Trainin
Su
ort&
Curates, Chik1ren's
Allowances
Pasloral SuppcKt
Clergy Cwferen
Sabbaticals
2.286
2,286
2.046
5.802
9.220
1.130
6.932
9,220
15.2C6
3.416 33.644
5,202
37,337
3,Q)O
45,539
650
5,852
51,337
14.000
15.2(
30,228
16.698
62,237
Trainin
evel
Book v0¢x￿rS
3.425
3,425
19,535
2.625
2,625
5.763
2.752
Diocesan Readers
19,535
5.763
Foundallon Year grants
Diocesan Evangaists
Education course5
Continual Minislerial
Educats"on
Ordained Local Ministry
Bible COUTses & training
Other
2.S40
1752
3.228
3.228
1.475
766
1.475
2.369
2.369
8.880
8.880
3.720
19.885
923
923
2,2C6
17.679
14.378
15.365
2.709
42,152
2,709
22.397
41.458
23.644
6S.102
19.755
Totsl
71.686
27.(fj0 98.746
67,936
36,453
104.389
PrOj￿t Delivery
2024
2023
Bishops Ministry Fund Expenditure
Church Plant Expenditure
Communications
Council for Mission
Cover Duty
Di¢xesan In-service Fund
Prison Chaplaincy
Scheme Income payments
Sl Brendans & St Clements
Youth & Children
Di¢xesan Links
17,700
525,884
39,143
37.743
326,330
33.822
200
65,748
505
17.539
17,723
30,851
177,849
1C(1.866
427
22,040
19,496
32,257
200.716
50,113
1,008,642
708.310
22

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS {CONT'D
10
Support Cost Breakdown
Total
C¢)sts
2024
Total
Costs
2023
Down and Dromore and Connor Joint Committee Costs
Diocesan functionaries, expenses
Staff salaries
Staff secondment, paid to parish
Diocesan Surveyor
House cosls
DI￿e$an Synod Costs
Audit and accountancy fees
Legal Expenses
Professional services
Removal grant
Bank fees
Insurance
Deprecialion
IT & Photocopying
Contact management system
Sundry
60,572
60,705
30.524
21.318
209.917 207,679
35.114
6,780
19.372
40,988
2.961
2,250
4,218
6,025
14.460
8,640
140.088
65,683
13.412
5,304
23,508
22,289
839
633
7.920
2,563
2,842
3,790
5,208
7,088
4,880
6,499
7.355
8,821
583.190 477,055
11 Other expenditure
2024
2023
ProvTrsion for bad debts
Stipends
Legal defen￿ insurance
(1,939) 16,116
238,247 169,040
12
Net movement in funds
2024
2023
Net movement in funds is stated after charging"
Auditors remuneration
Depreciation
4,800
4,800
23

CHURCH OF IRELANO DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS (copir'D)
13
Staff costs
2024
2023
Down and Dromore staff:
Wages and salaries
Employer's NIC
Pension Costs
333.683 315,281
29,755
26,491
26 459
23 982
Church Plant and Parish Worker staff:
Wages and salaries
Ernployer's NIC
Pension Costs
236,888 186.162
21,912
15,750
other:
Wages and salaries
Employer's NIC
Pension Costs
151.065
4,90S
46,450
1.073
Total stsff costs:
Wages and salaries
Employer's NIC
Pension Costs
721.636 547,893
56,572
43.314
37 539
No employee recewed emoluments of more than £60.000 (2023: None)
Ke
Mana
emenl Personnel
The total amount of employee benefrts received by key management personnel in the period was £107,217 (2023:
£102,923). The Council consKlers rts key management personnel ccrfnprises of the Diocesan Secretary and Diocesan
Developrnent Off]cer.
Trustee remuneration and ex
enses
The DI0￿Se of Down and Dromore paid all¢)wances. gifts and expenses to Diocesan Council Members amounting to
£65,010 (2023= £16,904). No charity Trustee received payment for professional or other services supplied to the charity
(2023.. £nil).
The average number of persons paid by the organisation during the year was..
2024
2023
Down and Dromore staff
Church Plant staff
Prison Chaplain
10
11
Total
The Diocese also facilitated the payment of eight Church Plant workers and a Prison Chaplain. the total salary costs of
Ihese wowkers tolalled £291.176 (2023. 229,3111 The Diccese is reimbursed by the relevant Church PlanUParish and
Northem Ireland Prison Service for the salary costs incurred. The full-time equivalent level of Down and Dromore staff in
2024 was 9.7 (2023. 9.2).
24

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
F114ANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS (CONT'D)
14 Tangible fixed assets
EquipmenL
Flxtures &
Fittings
Cost or valuation:
Al 1 January 2024
Additions
Disposals
At 31 December 2024
33,856
33,856
Depreciation:
At 1 January 2024
Charge for year
Eliminated on disposal
At 31 De￿rnber 2024
22.487
2,842
25,329
Net book value:
At 31 December 2024
8,527
At 31 December 2023
11,369
No assets were held under finance leases or hire purchase contracts
15 Investments
Listed
Investments
Property
Investments
Total
Investments
Markot Value at 1 January 2024
Additions at Cost
Disposals
Revaluation
Realisedlunrealised gainsl(losses)
2,404.254
272.850
2,677,104
116.747
116.747
Market Value at 31 December 2024
2.521,001
272,850
2,793,851
Cost of Investments
1,105.559
272.850
1,378.H9
25

CHURCII OF IAELAM) CIAJCESE OF AND DROIIORE
NAkflALSTATEMEPITS FCltnE YEARENDEO JI OECEMBER 2024
NOTES YO ThE ACCOUNTS ICOIITDI
IS lfiv•stm•nts Iconfdl
M•n4glll9 FuTrds
Tru#
ndty
r￿ty
H*tyOT
31 742
77226
2024
31.712
2023
35.337
120.692
4.on
9.21¢
ie5.971
221.693
Fw
4.14
9.361
•ltaJiAdd*ona1C4e￿ F￿r
Fur
Q￿pM￿nI Fund
El￿o￿T￿nIFuftd
E1￿0*1￿mIFtsftd
E￿￿ty￿nIFu￿I
Eip¢nJ•S Fund
•1 8ewe51
9.367
03.6
203.095
53.769
115.6
172.•SQ
41n
15e.457
aZ.7$6
40.987
l.B37
2.75e
40.957
75.483
Sjmry
1.788
1ao.d35
2,972
P￿¥tr
P•rt¥tr SupryrtFu￿
SLyqrd Fu
f•JMry
173.gjl
Sutthy
Sut
165.D
231.2*
7.726
16.051
iJ.oao
2.793.651
151.293
227.
333.39)
Suporannuabon
Supèttfftn￿a￿Qn F
kli￿trY
JiNStTy
¥J12•6
¥a7.ll6
Eww1￿2
1W.(
16.054
I￿.C
114.QB8
2,677,1D4
1.9)4
272,8$0
SI0￿￿¢￿st• 31 0•￿￿b￿2￿24
lar￿ and Lkce5pofOO￿ *d has a4VA (E72.8201 ewy Tr*f• iteh&Jtyth& R*w¢s¢ni￿*I Chutth
. Thèproperty li Hanmlh Lld.8 Sirt BT62 IJD.
Th• 421 •qwr1W•st￿ thewJpErtYW Y1 fMi*. de*ds (*such am th• Reppsenl*i* 8oOy.Th*propèty15
h•b&al¢o￿ The Lioeese *J C*Qh¥rthasa34.79%(EtO).OWlwutythE51ntr W4pethf*ya121 &ttwea￿. bytr Re￿senL•l￿v ChL¥th
v&Iup i51tEyiÈd 31 DK•MbKJY24 fvJCrrV￿￿rWtsm*rtf(W ntr*CITUrilToMoDthe I*WW11. ￿*￿5¥14$
26

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMEprrs FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS {CONT'D)
16 Joint Cornmittee with Connor Dlo¢ese
JOINT INCOME & EXPENDITURE ACCOUNT
2024
2023
INCOMING RESOURCES
Rents an¢J contr￿LIticns
120,(KJO
73.955
154.751
Depos￿ Inle(est recelvable
Investn*nt IncomeBank Interesl
8,479
154.663
Other Income
125
6.442
194.080
324.335
RESOURCES EXPEF4DED
Vvages & Salaries
Office & Building Mainten8nr
H￿se Running Costs
Depre￿at￿)n
10.864
40.004
5,593
32.628
172.592
142.730
6.080
195,129
220.371
Nel rnovement in fun(ts
11.0491
103.964
NET INCOMING RESOURCES
Share of net incL%ming resources due to tActeses and tkOTThxe
Share of rEt incoming reSoUr￿S due ¢0 [￿￿eSe of Comr
152SI
15251
51.982
51.982
Balance al 1 January 2024
373,582
269.618
Balance at 31 December 2024
372.533
373.582
BALANCE SHEET AT 31 DECEMBER 2023
FIXED ASSErs
Tar￿JIb￿ Assets..
Share ￿ned by Diocese cl cOn￿r
Share owned by Diocese of t)own and DrorrKKe
9,251
9.251
12,112
12.112
NET CVRRENT LIABILITES
Share (vmied by Diocese of Conr
Share cvmed by Diocese of DOM) arK1 Dromore
889.988
887,651
887.6S2
889,988
1.798.478
1.799,527
RESERVES
Diocese of Connor
899.r39
899.763
Diocese of DO￿ aThl Dmnb)re
899,239
899,764
1,798.478
1,799.S27
These figures do not form part of the Di￿eSe of Down and Dromore accounts and are only sht)wn here as the Diocese of
Down and Dromore have a 50Yo share in the Diocese of D￿￿n and Dromore & Connor Joint Committee.
27

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS ICONT'D)
17
Debtors
2024
2023
Debtors
Provision for doubtful debts
Joint Committee
Prepayments
99.259
(65.320)
889.988
54,235
98.825
168.415)
887,652
16.376
978.162
934.438
18 Cash & Bank
2024
2023
Funds held at..
Representative Church BCMJY
Nationwide Building
Banks
350,866
18.394
582,816
302.840
17,770
706,037
952,076
1,026,647
19
Credltor: amounts falling due within one year
2024
2023
Accruals
23.534
28,121
23,534
28,121
20
Creditor: arnounts falling due more than one year
2024
2023
Bank loans- Danske Bank
Representative Church Body
28

¢IrtJRCH c* If£LA￿ EIOCESE OFCQWN AIIDDROMORE
￿N￿l￿AL STATEIIEIIFS FOR TNEThRe￿D 11 DEC￿1￿8£R#024
NOTES TO THE A¢COUN7S I¢ONT'DI
21 Fwid5
JI t*•rnb•r
r•lWngtLI
¥Mlni•r4
2014
v•s1rn•rt
OESh3I14TED Fufwd
Plwl
11$.139
Totsl
13.1S7
37.305
ZYl821
(658.W21
40.%7
0•¥•￿Pin1rA
221.894
(41S.L￿}
21Q619
2X.619
￿1￿1$
{13.￿)
13.
G￿9rd7
970.816
n4
216.047
216.047
Deve*pffjpfflOffjc•.
120.538
10.395
14Q.fA9)
f39.1421
39.141
P.0701
170
2,781
I.￿7
o.iiJi
Totrl
S•1.Kg
l.JJ6.1•5
6.431

FltriatKIAL 5TATEIIEPITS FOR YHEYEAR ENDEDJ1 DECEMBER 1024
NOTES TO TrIE ACCOUNTS ICONTDI
B￿an¢•￿t
Jl )•¢•ffib•r
B•lm¢E
r•1￿￿91
Inv4stm•nt
IIESTlIG7ED￿H
e•7.65Z
226.215
4tDIJ
I￿.7
3SI 512
2339
8Bq.gll
249.e62
4¥.7fj7
7.720
YoLryfvthn5
1.05)
4.745
JI742
141.918
242.112
7J4.122
(Jeity
182gY
1925$
14e.814
I￿.863
Y.882
19.899
.192
3.ws
2219)
6.523
241
212.767
140.478
057.859
13.f*
114Q3
15.39
232.894
161.024
879,6J7
&5h¢PS Mkrdslry
Sive
142.1751
1*9.4841
28.1ll
141.134
a14.445
971.
0￿C*S•￿e￿n•df
17743
10.367
140,3WJ
49.n4
ie.367
140,300
49,T44
3,698
n•rnl chWthp￿II
35617
97.16J
49.471
10.197
66.439
31.rD)
116.1*J
161.4901
Chutch Plii
Ch￿hp￿I
7.531
.7081
(TJ.lJSi
15.7801
(04.05*
21 Ba2
24.02J
T￿YCalMlchU￿h
R•uvenalvJn
ThAr•achAtylLTh SeekepJS Re
Ftrg
53.512
27.0
316
27.501
37.604
1Q.97S
1fj.447
J4.2Z7
Y,227
33.819
6fy9$7
11117
14.076
14,076
5,234
18,447
6,443
Atdl C*Nr
36.159
fJ9.glVJ
6.483
T¢i•l
43U6
2.$24
30

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FIIIAN¢IAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS ICONT'D)
Desi
nated Funds
The detsils of the main elements Ihal make up the various Designated Funds are as follows"
General Church Plant Fund- Support of the overall Church Plant work.
Unrestricted Funds
The details of the main elements that make up the varioys Unrestrlcted Funds are as follows..
Exponsgs Fund - The General Diwesan Office. Clergy Cover Duty. Pns¢)n Chaplaincy. Registry Fees, & Sl Brendan's and St
Clement's Ministry cover.
D•vglopment Fund- Central Church Assessments. indudiro Priontw Fund. grants in support of church development & Bishop's
Office
Minlstry Fund- Pastoral Care. counsellirvJ & general swport for those in Mini%ty
General Fund- Parish Assessments
Development Office, Youth & Chlldren's Work - All ath"vrties relating to genernl Di0￿58n Development work. Youth & Children's
support. including Camps. Confimation WIEnd, Swnmer Madness. Youlh Leadefship & Mis￿on Trips.
Companlon Link- Support of link DI0￿Se
Dlocesan In Servlce Fund- Support of Clergy & th¢)se in Ministry - conts.nual MinLStenal Educakn"on, Diocesan Readers. Bishop's Bible
Course, Ordination retreats & Clergy Conference.
Dlocesan Communlcatlon - The wort< of the Di0￿50n Communicatsons Officer
Council for Mission- The work of the Council foi Mission
Dio¢esan Ordlnation Fund- Support of Ordinand5
Col House Fund - The devdopmenl of Church of l¥elarKI House, Belfast
Restricted Funds
The details of the main elements that make up the various Restrlcted Funds are as follows:
Col House Fund- The development of Church of Ireland House, Belfast
Col House Joint Committee- Shares owned by DI0￿$e of Down & Dromore
Church Extension Fund- Support for Church extension work.
Young Adults Fund- To support young adults work within the DI0￿Se
Belfast Additional Clergy- Support for AddIt￿nal Clergy in the Great￿ Belfast Area
Endowment Fund- General support of the DI0￿Se in line wth original trust deeds
Superannuatlon Fund- For the support of Ctergy Pensions within the Di0￿Se in line wtlh original Irusl deeds
Parish Support Fund- Support of Poor Par¥shes as the Council may deride
Bishop'$ Ministry Fund- Support Of1￿ Bible WeeK COnfi￿natiOns. Ordinati¢)ns. St patri￿'S Day celebrations and Clergy
Con*erence.
Stipend Fund- Clergy Pensions. Stipgnds & chikl allowances to curates
Soclal Services Fund- Support of Soo'al prcyJrarnmes wilhin the Diocese
Commissiongd Workers Fund- For the support of women in 'Commissioned posts. wthin the Diocese.
Dio¢¢san Cathedrals Fund - Support of Down Cathedral and Dromofe Cathedral
Dundrum Church Plant Fund- Supp)rt lor the Church Plant work in Dundrum
Lower Braniel Church Plant Fund- Support for the Lower Braniel Church Plant
Moneyreagh Church Plant Fund - Sijpport for the Moneyreagh Church Plant
Killough Church Plant Fund- Support of the Church PL4nt work in KilloLoh
Tltanlc Church Plant Fund - Support for the work in Titan￿ Church
Tullycamet Church Plant Fund- Support of the Church Plant wotk in Tullycarret
General Church Plant Fund- Restricted Church Plant support
Rejuvenatlon Fund - For the support of churches eommrtted to revitslisalion of Iheir ministries & outreach
Outreach to Asylum Seekers & Refugees- Support of the outreach to Asylum Seekers & Refijgees
Forge- Support for the Diocesan Ministy Apprenbceship Scheme
Castlewellan & Kilcoo- Support for the Castlewdlan & lfj1C￿ Chltrch Plant
Afds Central- Support for the ATds Central Church Planl
31

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS {CONT'D)
21
Funds {cont'd)
Designated
Funds
Unrestricted
Funds
Restricted
Funds
Total
Net incoming l (outgoing) resources
Transfers
Increase in market value of investments
Transfer from reserves
102.481
(181.449)
(87,033)
(26,9891
8,497
(44,550)
208,438
108.250
(29.102)
116,747
178.968)
(105.525)
272,138
87.645
Al 1 January 2024
78.968
591,959
3 950.510
4621,437
Al 31 December 2024
486.434
4.222.648
4,709,082
22 Anatysis of net assets between funds
Fixed Assets
Investmenl
Assets
Current
Assels
Long Term
Liabilities
Total
Designated funds
Unreslficled funds
Restricted funds
8,527
269.543
2.524,308
2,793,851
208,364
1.698,340
1.9C6,704
486,434
4,222.648
4,709,082
8,527
23
Pension costs
Defined contribution scheme
The Diocesan Council operates a defined contribution pension scheme. The assets of the scheme are held separately
from those of the organisation in an independently administered fund. The pension cost and charge represent
contributions payable by the Council lo the fund and amounted to £36,097 {2023.' £28,675).
The Down and Dromore & Connor Joint Committee cperates a defined contribution scheme and a separate largeled
group personal pension scheme. The scheme does not guarantee the level of benefrt5 achieved by members. The assels
of the scheme are held separately from those of the Joint Commrttee in an independently administered fund. The pension
costs charge represents contribution payable by the Joint committ￿ to the fund and the costs of death in service tenefits
for employees and mounled £8,240 (2023.. £8,864)
32

CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE
FINANGIAL STATEME￿rs FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS {CONT'D)
24
Reconciliation of Operating Surplus to Net Cashflow from operating Activities
2024
2023
Net incoming resoLJrces for the year
Depreciation
(Decreaseifincrease in creditors
Decreasellincreasel in debtors
Investment income receivable
Gains on investments
87,645
2.842
(4.5871
(43,724)
(84,631 >
{116,747)
913,390
3.790
(123,0551
{621.8051
179,797)
(82,059)
Net cash intlowl(outflow) from operating activities
(1 $9,202)
10.464
This reconciliation discloses the non-cash adjuslmenls applied to the Net Movemenl in Funds reported in the Statement
of Financial Activities on page 12 to arrive at the Cash Generated from Operations figure disclosed in the Statement of
Cash Flows on page 14.
25 Related Party Transactions
During the year ended 31 December 2024. The Dic¢ese of Down and Dromore paid allowances. gifts and expenses to
Diocesan Council Members amounting to £65,010 (2023.. £16.904).
The parishes of Ba15ybeen and Shankill each received £15.955 and £19,159 respecttvely to refiect the work carried out on
Diocesan business by the Archdeacon of Down and the Archdeacon of Dromore respectively.
The Diocese of Down & Dromore ss one of eleven Di(xeses that make up the Church of Ireland. The Diocese of D¢Jwn &
Dromore interacts and works with several connected organisations WEthin the Church of Ireland. these being the Diocese
of Down & Dromore & Connor Joint Committee. the Representative Church Body, the Church of Ireland Trustees, the
Church of Ireland Orphans & Children's Society for the Counties of Antrim & Down. and the Church of Ireland PTiOrities
Fund. The Diocese of Down & Dromore is connected with the above bodies by virtue of a number of Diocesan Council
members being representatives on the decision-making bodies of these organisations. Dunng Ihe year transactions with
these bodies amounted lo income of £216.539 (2023." £201.651) and expendrture of £1,323,78612023: £1.339.5171.
The Diocese of Down and Dromore has a 500h stske in the Joint Committee.
26 Contingont Liabilities
A Contingent liabilty exists where the Diocese has to pay the Stipend payments to the RCB for Parishes when they are
unable lo cover the costs of their Incumbent's Stipend. This is monf(ored by the Council on a regular basis.
A contingent liabilty exists due to an ongoing bgal case against the Diocese of Down and Dromore concerning historic
abuse allegations. The RCB confimied that it is commttted lo assisling the Di¢xese financially in relation to the
matter. Discussions a￿ ongoing be￿een the Diocese and the RCB as to how this funding might be dealt with on a
longer-temi basis.
ID599656
33