CHURCH OF IRELAND DIOCESE OF DOWN AND DROMORE FINANCIAL STATEM NTS OR YH8 YEAR ENDg0 31 DECEMBER 2026 STATEMENT OF FINANCIAL ACTIVITIES IINCLUDING THE INCOME ANO EXPENDITURE ACCOUNTI Notè UoMBtrletod Fuhdi R481fl¢t•d Funds Ilnr•¢trl¢¢•d Ftsnd$ R•strfci•d Punds Total 2D24 2025 Incomg and ¢nd¥wm•nl$ Itom.. DonatiM$ & Leoacie$ Charitable Aclivilies 2a, Jf47 342,844 371.391 46,S44 1,276,144 22fj,508 283,162 1.202.224 1,070.796 2,273.020 89,D98 905,292 2,181.436 Inveslmenis 2.657 86,441 82.062 84.831 Qlher 11,014 684,764 $95,778 128.978 269,473 396.449 Tot41 1,244,442 3,184,845 5.419.287 1.452,333 1,493,335 Z,946,6S8 xp•ndltur• on.. Ch4rKabl¢ A¢llvni¢4 1,2JQ,138 5.909 1.905,063 3,186.199 1,437,4tsè 1,295,42t 2,73J,tstsO 369,B05 375,714 (1241 242,d84 241.740 Tot• 1,236,(MS ?..274,888 3.•f10,91? 1,436,8&5 1,537.885 2.974,770 NET IOutlnglllncornB 8.397 190,0231 181.8281 15.448 144,YSOI 129,1021 GainslUo8&e¥l on in¥estrMonl$ 2.451 157,670 lfjQ,121 ,497 108,2M 116.747 Transfers 021,9)n 1621.9001 1208.4381 208,436 N¢t M•vem•nt In Pund¥ fj32,748 1564.2531 78,496 1184,4931 17Z,138 47,¢4S Rp¢tsn¢llla¢lort ol fvnd$ Tolsl FurNJs btoughl loiward 21 486.434 4.222,848 4,FQS,QB2 3,$SQ,510 4.821.437 Yot41 Fund9 ¢4rrk4d lorward 1.719,182 3,668.3BS 4,787,577 486,434 41,222,618 4.70Y,082 Th¢ $tatemgnl of lingncigl Activitlgs includes all gains and Ios808 recognisod in th8 yfrar. All incame and expenditure derive from continuing activitios. The ntst*ts OA pa9&$ 15 10 32 form part of Iho$e a¢counl$. 12
CHURCH OF IREUND DIOCE8e OF tsOWN Ap4L) oAOMtsRE FINAh¢lAL $YA¥EtdENT8 FtsR THE YEAR ENDED 31 DECEMBER 2Q25 BALANCE SHEET Notes 2025 202d Fixed assets rangible asset8 Inveslmenl8 14 15 4,245 2 853 972 2.858,217 8,S27 2 793 8S1 2,802,378 Curr8nt assets Debtors Cash al bank and in hand 17 18 250.293 781 270 2,031,563 978,162 952 076 1.930,238 CUnt Llabllltitl Credltors.. amounts falllng due wllhln year 19 102 203 Not curr•nt &8s•t5 Total Assets LtrJ¥ Current Liabilitie5 4 709 Q82 Creditors.. amounts falllng due otter more than or)& year 20 Total N•t A¥$•ts Funds Unre6trlcted funds R8$trioted 21 21 1,119,182 486,434 Total Funds Theses financial statements were approved anLI aulhoriser5 for issue by tho Dioco$an Council on l.y,If !?.&.... and slgn•d on its behalf by.. jClorlc&l Honorary Seerelaryl (Lay Honorary Secr8laryl The notes on pog¢$ 15 ts 32 form an int&gral part of IheB8 financial stat8m8nls. 13
CHURCH OF IRELAND )IO¢ESE OF DOWN AND DROMORE STATEMEtITS FOR THE YEAR ENDED 31 DE¢EMMER 2025 Fl CIA STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 D¢¢•mbr 2025 202ts 2024 Note$ Cash flows from operating actlvltl¢$ Cash yeneraled from tsp&r#lion8 24 637,947 {1S9.2021 Inv¢stlng actlvitie PtsrGhas of inve$ln)&nts Disposal Df investment property Di$p08al Df ln9ible fixed assots Investment income received 100.OQD 2,150 89,Q98 84,631 Ntrt cash lused Inllg?nerated from Invostlng actlvltlès 191,248 84,631 Fillancing activitie$ In¢ws8lldecreasp) in bank logn$ Net cash u¥*d Ilhahclmg activities N•t In¢raasplld8creas8I in cash and cash 8qulv4lonts 829,195 174,5711 Cash and cash equivalents of beginning of ytrar 952,076 1.026.647 Cash and cash •qulvaltnts at end ol year 1,781,271 952,076 R¢latlng to., Bank balan¢e$ And short term deposits 1,781,277 952,076 14
CHURCH OF IRELAND DIOCE8E OF DOWN AND DflOMQRE FINANCIAL STATEMENTS FOR THE YEAR Etr4DED 31 DR¢RMMER 2Q25 NOTES TO THE ACCOUNTS ACCOUNTING POLICIES The prln¢ip&I aeeounling policieg, judgments and key source¥ of eslimalion uncertainty are set out below. (al Basis of a¢¢ountlng These financial slal8manls hav8 b89n prgparfjd under tho hi61ori¢al ¢o$l conventitrn and in accordance with applicable accounting standards. tho Slalémènl of R8comm8nded Prpclice ISORPI 'A¢¢ovnling and Reporting by Charities" effective January 2015 and FRS 102"The Financial Reporting Standard AppI#ble in Ihè UK Republic ol Iieland.. The Dioc¢san Council Members conslder that these accounting policies ar& suitable. havè been con#i8tenlly appli•d and aré supported tyy re?$onable and prudent judgment and estlmates. The Di¢cose of Down and Dromore mee1$ the delinition ol a public bontsfil entity under FRS 102. The financlal slalements ale pPared in a¢urdanc¢ with th¢ historical cost convention. (b) Golng ¢Ctrn¢¢Y Th6 Dioc•¥an Council has revlewed the budget lor the yÈa¢ aht&d, and iè $&1I9fied IhBt there are 8dequate funds in place to ensure th?1 the Llioceg6 can continue ils aotwities. There are no malerlal un¢ertalnlSes about the orgonisalion's ability lo continua, and on th4t bafjis it 1$ a going ¢on¢¢rn. (¢1 Ihcorne Recognition Income is re[$&¢ ih thé Pèriod which the ch8rty i¥ entitled to re¢eipl and th¥ amount can b• m¢#sured with reasonable certalnly. Income Is deferred only wh&n the ¢h&rily has lo fulfil conditions before becoming fully ontitlod to It or where the %Yontsr has 6pecifièd thai the incomels to be expended In a future perlod. Grants, including capital grants, from the government and other ag6ncies havé boèn included as incomo from actlvilies in further3n¢e ol the oh9rily's obj•¢ls where these amount lo a contract for services, bul included as donallons where the mtsnÈy 1$ 9iveh in re8pDnse lo &n appeal or with greater freedom of uset, for example, governmenl block grants, Donated facllltles are Included 81 Iht value tts the charity where this can be quanlrfiod and a third party 1$ be?ring th• ¢081. No amounts are Included in the flnanclal slalements for services donated by vjlunteers. Idl Expndlture Expendrture Is Includeo In the Ststemént tsf Financial Activities on en accruals basis, exclusive of any VAT which cgn tye re¢overea. C8rtain expendtture is directly otlribulsb1610 spècif4o aclivilie5 and has been Included in Ihose cost categorie6. Certain other cost5. which are allribul8ble to more than one aclivily. are apportioned 4¢ro8$ ¢osI c&ttgorifj$ on the ba$1$ of an estimatè of the proportion of time spent by staff on those 8¢1ivrties. {e} Fund Accountlng Designalecl lund5 are unrestriGled funds sel gs5de al the dl$¢retlon of the tru8tees for spectfie purpo8è$. Unreslricled funds are funds that are ivailabl• for usq al the Irust8eB' discr8tion in further8n¢8 Qt the objective¥ of tho Diocese in accordance with the reyLklalions Ihot govern the Dioce$an Council. R85trfcled funds are tho$e donated for uge in È p&rti¢ular area or lor Specific purpo¥e¥, Ihe use of which i¥ r8strictgd by the funcSer lo that atsa OT PUTPOSe. If) Investmtsnts All income from inve$lmen18 is a¢Unted for on an accruals bgsis. Deposit interest roceN•blo, ¢xp¢nses and Interest payablè ar& acctsunled for on gn 8ccrual$ basis. Listed inveslmtnls ctsmprist thosè quoted on a Stock Exchange. These Snveslmenls have bt¢n vlued al msrkel value which 18 based on the middle mgrkel price¥ ruling 81 the closo ol bu¥iness on 31 December 2025. Any realised prolS15 or losses, arisin9 on fixed as8è1 investment saltss are lak8n direct lo th8 $t¥em8nl of finan¢i81 aclivili$$. Profil6 or lo$$e$ are calculated on the average cost bas15. 15
¢HUR¢H QF IRÉLAND DIOCESE OF DOWN AND DROMOR FINANCIAL 8TATEMENTS FOR TH YEAR ÈPIDFD 31 D%CEMBER 2026 NOTES TO THE ACCOUNTS ICONT'DI Igl D•pr•clation of tangible lixed asset5 Tahgiblè fixed &ssÈls èrts staled at COSI less depreclalSon. Depreciation io provided at rate$ G8lculated to writo oft the cost less estlmated residual value of each a$$el over its expe¢led usgful lif8, as follows.. Equipm8nl, Flxturés & Fittings Freehold Buildings 250/ reducing balance 20A slraighl line Bulldings are not depfecied. 11 Is the pollcy of the Dioceso to maintain properties in a Blatè of good rèpaif, The Dlo¢e6an Goun¢il'$ a$Èèssmenl of Ine residu81 value (based on valu88 prevailing al 8CqU151tion} and useful economic life ol the long leas8hokl property IS Such that the charge for depreciation would not si9nifi¢anl'. ctsnsequently this propety is not depreciaed. The depreciat)n rate for fxtureS & ftEting gnd compul&r equipment was changed lo reducing balance from slraighl line a5 the Council feel this is a b¥ller r¢fteclion of the value of the gssets lo the Diocese. {hl Ithptsirmét of fixèd a$$&ts Al egfjh èalance sheel dato, thè carrying amounts ol langible and intangible assets are revièwtrd lo determine whfjther there 15 an indication that those assets have suffered an impairment loss. Where Ilie catrying valuè 8xcèeds the eslimat6d recoverable amount Ibeing the greater of lair value less cosls to sell and valufrtn-u5el. an impairment loss is recDgnised by writin9 down the assets ca$h-generaling uni15 to their reG¢)verabl* amount. An impairment Ioss 18 recognised immediately in the profil and Itss$. Arty reversal of a prevlous impaSfmenl1066 18 Similarly ¢e¢ogni#èd immèdiatèly In profll and loss. 111 Dobtors Trad8 and olh8r debtors are r¢cagnis¢d at the settlement amount due art•r any trade di8counl offered. Prepayments are valued al the arnount prepaid nel ol any Irode di¥counts due. til Cash &t fj&rtk and Ih han Cash and cash equivalents Include cash in hand, dgposits held at call wtth bank5 and olher short-lerm liquid invo$tmet)l$ with onginal maturities of throe months or Its$. Ikl Creditors and provisions Cyedilors 2nd piovisions are reco9nised wheré thè ch8rSty has a present obllgatlon rèsulting from a p&$1 gvenl that will probably result in the transfer of funds lo a third party and the amovnl due to settle the obligation caft be measuted or 681ifriald rtrliably. Creditor$ and provisions aro normally recoynis6d at their settlement amount after allowing for any tradE discounll duè. Il) Financial inslfuments The Ghgrily has financial assets and financial liabilitie5 of a kind that qualify as ba&1¢ financial instruments. B&sic finanoi81 inslfun)en15 g¥e initially recognisèd at tran$actvJn value and subsequently measurpd af their selllèrrtéfil valuè. Im> Pen$lon ¢o$t$ The Diocese contributes 1¢ the full eosls of the pension ¥¢heme¥ for staff efNployÈd by Ihts DI¢co$8n Counoll. Ctsnlribution¥ payable are charged lo the Revenue A¢counl in the period lo whlch they relate. These Contrib1108 art invesled $eparalely from the assets of the Dlocèsan Goun¢il. 16
HUM¢H QF IR£LAND oio¢E¥£ OV DQWN AND DRCMOIt FfNANCiAL STATEMENTS FOR THE YEAR ENDED JI DECEMBER 202J NOTES TO THE ACCOUNT$ ICONY'DI Donatlons & lègacies 2Q2 2024 DgsigNt•d Unrostilct8d Fund6 FundÈ Resirlcwd F4Jthd$ Trfal 0¢$19na¢•d Unr¢$irf¢ted Fund$ R¥strl¢ted Donatlon8 27,638 314,0fj4 341.70D 46.644 215,784 262.428 Legacies Glft 911 27.780 28.691 20,724 20,724 28,547 342.844 371.391 46,64 236,5Q8 283,152 Income from chailtable activities 102¥ 2024 Unmtrlctod D8$lgnaiad Funds R¢strl¢t Fund Tpt41 De¥lgThatod Rgstrlckd Fund5 Tatal Fund Parochlal a$5è$81nonis Mission & miniylry receipts 899,480 899.480 870.¥16 870,816 262,744 828,974 1.DP1,718 64.4SB 250,255 6B9,879 1,004,602 262.744 99,480 82e,974 1,991,198 fj4,48a 1,121,071 689,879 t,e75.418 Grènls 40,000 241,822 281,822 61,670 38,935 2t5.413 306.018 302.744 899.480 1.070.700 2,273,020 110,138 1,160,0 905,3.92 2,181,43S Incomg from inv8$tm9Dts 2025 Dp$lgn¥¢ed Unr8strlct8d Rosirlebd Funds Funds Funds Tvtal ¢$lyna¢#d Unfystri¢t¢d Funds RgutTSctud Fund8 Total Divid¢rtdts 2,657 7S.452 78,1V9 10,989 2,569 72,2Z6 74,795 rncolvablo 10.989 9,836 9,836 2,657 88,441 89,098 2,569 e2,062 84,631 Othèr Ihcoffie 2125 202A Re91rlcl•d Tot&l Do•lgrsOt Ilnre•trl¢l•d Funds Rè•trl¢tsd 70ts1 Funds Furbds Funtts Sundry kÈ Sllp¢nd6 J¢lnt Cammiiiee 10,906 338,118 375,144 128,49SI 349.180 37S,144 128,4961 126,978 19,713 247,423 2,337 141,099 247,423 2.3J7 10.906 108 684,764 895,778 126,976 269.473 396,449 17
O C•OOOnlOO o 000¥0 (Tr coo000ry C5 &8&8 000 cco o CJ a LL LL Iliilllllll&i$&iii>iiE188888a L> L> L> L> O c o c c o BcO w IL CL fL IL & z % z x tt u u u u
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cptURCH OF IRELAND DIOCESE OF IIOWN ANO tsAOMOrtE PINANCIAL STATEMENTS POR THE YEAR ENDED J1 DECEMBER 202J NOTES TO THE ACCOUNTS ICONT'DI Breakdown ot gxpgndilurfy on ¢hafitable activities Notes 2025 2Q24 Grants & Ministry Support Prloritie$' fufid Centr31 ChLrch ABs8ssm8nts Clergy Ponsion Project Oelivery Support Costs 182,525 1Y1.830 78,650 78.650 193,260 189,480 757,20$ 701.238 1.113.085 1,008,642 810,493 583,190 10 3,135,199 2,733,030 Grants and support for ministry 2028 2024 Doslgnatod FutHIg unrtrI¢4 Rgstrl¢t•tt FUd$ F4¢ttd& Yot#l O0$1gn•tid Unr•itriet•d R•stfl¢t8d Ftsd6 FndB Total Grants In Su arl hés DOWN Caihe¥r41 I9eneral supporti Bangor Prfma Belf451." 5t OoFgihe#s Parish Support Fund. Annalong IWe$i NewlMard$ New¢asiie- Families Work Support Dlocesan RejuveTrallon Fund_ Klll¥l¢agh ort 1fj,DQQ 16,OOQ s.soo 1.6OD 20,ODO 20,000 3.$90 1,5rso 1.SDO 1,SOD 5,000 5.000 B,OaO 8.000 5.OQO 5,000 6.ODO 5.000 Fund. Annatlèrlé Dloce5on Rejuvenation Fund. Magboral Diooe94n Hejvvenallon Fund. Inch Dlocesan Relwenslion Full- Illinore t)loee$an Aejuvettdllun Fun¢J- Knorknègoney L)ioce&an Reiuvenalion Fund- Sl John's Lurgan rJio¢e&an R4IUV¢nallon Fund. St Dorolh•a'8 Dioc6&an Reiuvanalirxi Sl sa0r 1,000 1,000 2,500 2,500 2,5QO 2,500 2.500 1,500 s,000 S,OQO 5,000 3.500 3,$00 5.000 5,000 38.SOO 53,500 15,000 5,000 ?3,DDD 38,000 Grants lor Dloc•%an & Th?. HUB atyll8Jl Cnui¢h Plant Fund Min151ry Appr4nts¢ S¢hom4 Rolvv¢iigiion Lombe.Ili Resglullov Gr8nl 3.000 6.002 5.000 18.004 6.002 e,002 $,QD2 18,004 1e,004 18,QQ4 2d.006 24,00¢ 35.084 35,084 20
CIIURCH OF IRELA14D DIOCEse OF DOWN AND OROMORE FIIIANCIAL 8TATEMENT8 FOR THE YEAR ENDÈ) OeCEMbEA 202S NOTES TO THE ACCOUNTS {CONT'DI Grantè and Support for ministry Icont'dl 212 1024 D•sl9n•t•d Funds Llnr44ffi¢t• Ftynd4 Tofo Do8lgThAtod Funds UnreBtrlctorl FUdI Rèslrlctgd Funds Totsi Funtts TTalNI Curate3' Chi, •)Wati¢¢s Pii$lor81 Support Clergy Conf9rwn¢$ s&b'¢I13 3.538 S.$38 2,28 2,28 5,202 34,013 7,921 47,19$ 431 3,833 48,D73 7.921 5,802 9,220 15,20e 30,228 1,130 14,000 9,22Q 15,206 33.644 17,969 e5,1fj5 3,416 Tralnln otrk Vouchers 3,800 3,eOQ 1,145 1.881 3,615 1,983 7,960 3.425 3.425 19.535 2,510 3,228 1,47 9,300 1,145 19,535 Foundation Yeof 9r8nt Oioce3on Evange1181s Edts¢alion ¢our¥e¥ 1,8S1 2,$40 3,615 3,228 1,475 9,300 2,697 FdueallDn Oroained LOCBI Ilinisty 'ty ¢our6e$ & tfaining Ottier 3.720 2.206 1,994 41.458 3,740 19.885 1,994 8S,I¢Y2 1,d9? 200 It,ZQ6 1.397 25.851 17.9U3 t,fj07 39,854 17,879 23.844 Total 100.205 82,J20 1$2,$25 5,000 126,770 40,080 171,830 Prolect Delivery 2025 2024 8i8hops Ministry Fund Expenditur• Church Plant Expenditure Communication5 Cover Duly Di0¢an In-S8Nic• Fund Prison Chgplaincy Schèm¢ Incomé payments st 8rendan'5 & Si Clemenl's Youth & Chlldre Dioc8san Links 47,131 872,840 3S,104 87,922 389 22,048 20.502 33.200 184,995 8,934 17,700 525.884 39,143 100,866 427 22,040 19,49S 32.257 200,71e 60,113 1,113.065 1,008,642 21
C14URCH OF IRELANO DIOCESE OF DOWN AND LIROMORE AL sfA7EMENT8 FOR THE YEAR ENDED 31 DECEMBER 202S FINANC NOTES TO THE ACCOUNTS ICONT'OI 10 Support Cost Breakdown Total Cogts 2025 Total Costs 2024 Down and Dramore and Connor Joint Commrttee Costs Dlo¢èsan functlonar16s' exptttses Staff salaries staff scortdmerbl, paid to parish Diocesan SLirveyor House Costs Diocesttn Synod Costs Audit and aGGounlan¢y leè¥ Legal Expenses Profe88ion&l setvi¢es Rem¢)val grant Bank fees Insurance Depreciation IT & Photocopying Conlattl m&n&¥emènt $yÈlem Sundry fjO,S38 80,$72 32,150 30,524 234,292 209.917 39,585 35,114 39,444 19.372 907 2,961 5,917 4.218 13,596 14,460 336,493 140.oe8 2,47Q 13,412 13,e19 23.508 822 839 9,500 7.920 2,132 2,842 3,825 5.208 7,208 4,880 7,700 7.355 810 493 583,190 Other trxpondlture 2025 Provislon for bad debts Slipend$ Legal défénc8 insuran¢0 Other 13,6241 11,B391 364,209 238,247 5,548 5,432 9681 12 Net movomtnt In funds 2024 N8t movement in funds is 8tat8d aft•r charging. Audil¢f'S r&munerliun Depreciation 6.000 4,800 22
CHURCK OP IRELAND DIOCESE OP DOWN AND DROMORE PINANCIAL sfATEMEIITS FOR YME YEAR ENoe) 31 DE¢EMBER 202S NOTES TO THE ACCOUNTS {CONT'DI 13 Staff costs 2025 2024 Down and Dromofè Staff: Wages and salarits Employ8T'S NIC Pension Costs 336.109 333,683 34.172 29,755 Chutch Plont and Parish Work¢r¥tsff: Wages 8nd sglaries Employr'$ NIC P8nsion Costs 272,141 236,888 28,882 21.912 othor: Wage5 and salaries Employe¢s NIC Pension Co¥ls 126,24Q 151,065 7,800 4,905 Total Staff costs". Wages and salaries Employer's NIC Pension Gosls 734,490 721,636 70,854 56,572 No employee r¢¢&ived 6molum•nls of moro than £60,00012024'. Nono) Mana emenl Perso The total amount ol fmploye btnefila re¢èivÈd by kèy management tsrBonnel in the period was £110,383 (2024". £107,217). The Council considers Ils key management pergonnel comprlses of the Dlocesan Secretary and Dlo¢esa Dev81opm8nl Offic8r_ re eralion #nd ex ense8 The Diocèse of Down and Dromore paid allow8n¢es, gift¥ 8nd expense$ lo Dirjcesan Council Members amounting lo £23,9>212024.. £65,010}. No chaiily Trustee received payment for professional or olhor seryices supplied to tho chaiity 12024.. £nill. Th8 averago number ol person5 paid by th8 org?nisation during the y¢ar w•$., 2025 2024 Down and Diomore stsff CAur¢h Plant staff Prison Chaplain 10 10 Totsl The Diocese al¥0 lacilitaled the payment of nine Church Pl4nl workers and Prison Chgplains, the Salary ¢ts of these workers lolalled £337,58212024'. 291,1761 The Diocese Is ièlmburÈ8d by thè rtlèv&MI Church PldnllP&rish and Northt Ireland Prison Service for thè Salary costs Incurred. 23
HUFI¢F5 OF IRELAND DIOCE$E OF DOWN AND DROMORE FIIIANCIAL STATEME14TS FOR THE YEAR ENDED 37 PE¢EM 025 NOTES TO THE ACCOUNTS ICONT'DI 14 Tangible fixed assets Equlpment, Fixlurgs & Flttlng$ ost of valuatlon: At 1 January 2026 Additions Disposals At 31 DecembeT 2025 33.856 L10.640 23,216 Dèprèciation: Al 1 January 202$ Charué for year Eliminated on disposal Al 31 Oe¢¢mber 2025 25,329 2.132 -L8.490),... 18,971 Nei book valua: Al 31 December 2025 4,243 Al 31 Decomber 2Q24 8.527 No assets were held under finance leases or hire purchase contracts. 15 Investments Listed Invostments Propèrty Investrnents Total Investmènts Market Value at l January 2025 Addltlons at Gost Disposals R¢valu4tloD Rèallsodlunr•allsod galnslllos$8$1 2,521,001 272,850 2.793,861 11 IX),QOO} 1100,0001 160,121 1eo,121 Marketvalue at 31 December 2025 2 681.122 172,850 2,853,972 Co$t of Invostm•nts 1,105,5S9 172 850 1278,449 24
ID r * o r4 f4 C> O m ¢YIC r-- f¥ ij ij 5 5 5 tL LL j 11115, 11511111 i lj .1 fl Iliiiilllliiiil}i}11 l il }[ 75 C C E LL LL c c c C* O O LL LL LU
HURGH OF IRELANtr tsIOCESE OF DOWN AND DROMORE PINANCIAL STATaMEN78 FOR TrfE YEAR ENDÉD 31 L)E¢EleER z025 NOTES TO THE ACCOUNTS ICONT'DI 16 Joint Committ09 with Connor Diocesg JOINT IN¢OIIE & E¥PENrilfVRE A¢¢OVWT 2035 20Z4 INCQMING AESOURCES Rénis and Conir1but5on8 120,0 120,000 Dèposlt 1n18r0 recelvabl In¥estment IncomelBMnk Intarè8t 112.388 73,95S Other Income 67 125 182.425 194.080 R£50URCES EXPEP4DELI W89¢$ & S#larte$ Oftlce & Buildln9 Mblnl4Jn8n¢e ou&fr Runiiinll Cos15 Deprecl&bo 21.025 1Q,¢fjd 211.89 5.593 1)7,602 172.S92 4.628 6.OBO 244.045 1FJ$,12 Oih$r ctlViis- fund% transfeert 1,311,0ty) Nel Tp)v¥¥I ID I(1$ 11,372.6ZDI 11,0441 14ET INCOMING RESOURCES Shiie ofn?l in¢¢rnirg r$aur¢e# due10 05a¢¥ie8 ¢1 L)own 8nd Dromore Shgre olnel Iri¢umlng re$our¢g8 du¢19 DIoc98• Of ConnoT 1668.31QI 168fj,3101 1fj261 Balthttce 81 Y January 2025 Balance al 31 DEcember 2025 373.533 373.se2 1999.0871 372,533 BALANCE 8tIEET A7 J1 DECEMBER 2021 FIXEts AgSEr$ TanglN¢ Assets.. Share ovm2d ty Oiecese of Connor Share owThEd by Oio¢Ese ol and Dr¢Tnore 6.937 9.251 6.937 9,251 NET fuRENT LIA8ILIT£S Share owned by Oioce8e of Connor Share owned by OiorESe of Down aThJ D[g9[e 201.092 889,988 205.892 8bg,988 425.8S8 1,798,47 RESERVE5 Dlt>ce8e ol Connor 212.929 899,239 899,239 1.798,478 Diocese ol Dtrvffl &rtd OromvwE 212.929 425.856 These figures do not form part of the Dloc8 ol Down &ftd Dromore accounts and are onty shown here a8 the Dlo¢ose of Dwn and Dromore have 8 509/1 share in the Dlocese of Down and Dromore & Connor Joint ¢ommillee. 26
CHURCH OF IRELAN) oioogsE OF tsQWN AIID trROMtsRE P114A14¢1AL STATEMEtffS FOR THE YEAR ENDED 319ECEMBER 202S NOTES TO THE ACCOUNTS {CONT'D 17 Debtord 202G 2024 D¢blors Provision for doubtful debts Joint Commlttee Pr&p•ym&nti 85,273 180,577) 205,992 19.605 99.259 ies,3201 889,988 54.235 250,293 978.162 18 Cash & Bank 2025 2024 Funds held al.. Representative Church Body Nationwide Building Socioly BaTrk8 394,094 19.162 1,368,014 350,866 18.394 582.816 1.781,270 552.07fj 19 Credltor: ameunts falling due within one year 2025 2024 A¢crual$ and defarrsd income 102,203 23,534 102,203 23,S34 Crgditor.. amounts falling duo morg thon ong yoar ZQ25 2P24 Bank loans- Danske Bank R8pr8$8nlaliv¢ Church Body 27
o n * v) •] c> <0 J 41> WI O ¢LI O ¢ry ) o <4 ro * o OJ al o $3 (J
CHURCH OF IRELAND DIOCE8E OF DOWPI AND DROMORE F114Af4CIAL SfATEM£NTS FOR THE YEAR ENDEO 31 DECEMgER 2025 NOTES TO THE ACCOUNTS ICONT'DI Unrestrl¢t¢d Funds TM delaSls ol the maln elements that make up the varlous Vnre$tYlcted Fund6 are £6 follows,. •ngral Fund- Parish Assessments Thg delgiL8 of Ihg main elements that make up the vafjoiis Deslgnateil Funds oro as lollows". EKpqn¥88 Fund- Yhg Gneral Qiocesan office, Clgigy Cover Duty, Prison Ch¥pl¥in¢y, Rgi8try F&¢$. & Sl BitrThdah's ahd St Cbments Nlini¥lry Cor. Developmttnt Furtd- Certlval Chur¢h A¥¥es•mènts, IndIng PrItsrÉs Fund. grant$ in $upoort ol Ohurth development & Blsh¢p'8 Office. Mlnlgtry Fund- Pastor¥l Care, cotsnselling & general support for Ih08e in Ministry Property Fund- The development of Diocesan office space in BelTrdSt Development Offl¢e, Youth & Chlldren's Work- All active3 latIng lo gener81 Diocegan Development work, Youth & Childien'8 SUPPQrt, inrluding Cgtnps, Confirmation WIEnd. Sumtner Modness, Youth Loadership & Mission Trips, Oigrg¥¥n in $•r¥irg Fvnd- Support of Clergy a those in Mini¥lry- ConliTry41 Mini$l¢riél EduGalitsn. Di0¢ég#n Rèèdera. BlshoP'¥ Bible Cotst¥è, Ordination rtrtrp¥ts & Clorgy Cpnferonce. Diot&$an CO15n1¢•I19n~ThO wotk ol the Diocè$¥n CtKTrtnuni¢èiiuA$ Offieèr cou¢11 ftjr Mla$lon- ThÈ wodt ol the Couhcll ftsi Ml8$iort Dloeè$an Ordln&llon Fund- Stspport ol Ordinands Dlo¢6an LSnks- Sopport of link Dio¢eses Re$trl¢t•d Funds The delaib of the Tnain elements that m&ke up the various Rp¥trfctgd Fund¥ gre follow3". Col Hou¥e Joint Commlttsg- Shales ownsd by Dip¢e#e ol Down & DtorDorg Chur¢h Extsn¥lort Fund- Support for Chur¢h exl¢nsiDh worl<. Young Adults Fund- To Support ytsuhg dijults work Withln the DlotÈ$e B&lf¥$t Addllson81 Clergy- Support for Additional Cleioy in the Greater Be118s1 A Ehdowmenl Fund- Gener81 support tsf the Oiocese in Ilne with original tru51 deeds Supgrannuatlon For the 5UPPQft of Gletgy Pensions witrin the DigGgs9 In Ilnp wllh ortgiDal Iru$l 49edg P¥rl¥h Support Suppgrt ol Poor por13h9 the do¢i¢Jp ishtyp's MFni$lry Fynd- Support of Ihg 4b1 W¢¥k, ¢onfimiètiort$, Ordlnation8. St Patrick's D3y cèlèbratton& And Cl8r9y Cèhférèntè. Stlpèhd Fuhd- cr Pèn4ion$, Stlpènds & thlld Alltswaneèa lo eurat86 So¢lal SeNl¢•6 Fund- Support of Social programm85 within the Diocosg OMmlision•d Workors Fund- For thè support ol woman in'Commission8c posts. Wlhln tho tyloGe$o. IoGo8an Cathodrals FUd- Support fjl Down Cath$iJral ond Drornor¢ Cathodial Gon•ral Church Pl#nt Fund- R&$trici•d ChLtr¢h Pl¥nt $upport DundTum Church Plant Fund- Support for th• Chur¢h Planlwork in Dundrum Lot Branlol Church Plant Ftsnd- Support ttsr thè Lowèr Branlèl Church Plant Klllough Church Plant Pund- Support of thé Church Planiwork in Killougm tanlo ChuT¢h Plant Fund- Support for th8 Wort in Titsnic Churc Tully£arn•t Church Plant Pund- Support olth• Church Plant work in Tullycarnol ft•luv•natlon Fund- For th4 support ol Bhurchos MMitt41 to rowlalisalion ol tEr rnini$trig$ & oulroach Outr•a¢h to A•ylum $9okgYs & R•ug•4$- Support altho outr8o¢h to A$ylum S¢èkers & R¢lJg¢¢& F¢rB4- Support for th¢ DiDWart Mlnistry Appreniieeship S¢hem Ca$tl•w•llan & Klleoo- Supptsrt lor the C2stlewellan & KJIGoo Church Plant Newry Centre of MlssFon . Support for the Newry Centre ol Mission Church Plant Warrenpolnt. Support for the Warrenpoinl Church Plant Ards Conne¢t- Support for th& Ards Central Chtsrch Plant Baliymacarrgtt- Support for the tsaltymac3rrott Church Plant Re$tri¢twd Exp•n$g¥- Onward payrnent of spgufi'c exyns¢s for which Grnntknndlny h•s b¢&n re¢ived 30
¢HUR¢H OF IRELAND DIO¢ESE OP OOW14 AND DROMORE FINANCIAL STATEMEf4TS FOR THE YEAR ENDED 31 DECEMBER 202S NOTE$ TO THe A¢¢OVNrs ICONY'DI 21 Funds l¢ont'dJ Deslgn31ed Funds Unreslrlcled Funds Rostfloted Funds Ttslal Nel InGomlng I loulgoingl rescsuroe8 Tran51ei Inciease in market v•lu¥ of inv¢$lm¢nl¥ Transfor from réserwes 1886,2831 1.460.396 2.451 893,660 1836,496) 190,0231 1621,9001 157,670 181,6261 160,121 1554,253 8,49 At 1 January 2025 270 387 648 216 047 2,.--4 7Q9 082_ Al 31 D¢tsnbbèr 202S 847,951 271.231 3,668 395 4 787 577 22 Anatysls ol ngt as$its b¢tw•on funds ixgd A5&9ts Inve61menl Assets urronl A$sols Lthng Term T¢lal Deslgnaled funls Unreslricled fund8 Rstrl¢l#d funds 171,994 676.957 266,986 986.417 1,929,360 847,951 271,231 3,688.39S 4,787,577 4,245 2,681,978 2,853,972 4,245 23 Pension costs Deflned contrlbutlon scheme The Di6$an Councll operiles a defined contribution p8nsion $ch•m8. The a$s•ls of thè scheme arts held separately from thosè of th• oryanisalion in an independently administered fund. The pension ¢usl and chargè represent contributions p8yable by the CoLsn¢il lo the fund amounted to £39,268 {2024.' £36.D971. Tho Down and Dromor8 8 ¢onnor Joint Commbtteg QP8rates a dgljned contribution schgme and a s8paral8 larg818d group personal pension $¢heme. The sch¢mo does not 9uar3nlo¢ th$ lfrvel of benefits achieved by members. The 855els of the scheme are held separately from those Qf the Joint Committee in an Indèpendenlty administered fund. The pensicn C03t8 chaTge repiesents contribution payable by the Joint commlee lo the fvnd end the costs of death in service benefits for employees mounted £10,121 12024, £8,2401 31
CHURCH OF IRELANO DIOCESE OF DOWN AND DROMORE FINANerAL STAT£M£NTS FOR THE YEAR ENDED 31 0ECEhlB£R 2025 NOTES TO THE ACCOUNTS ICONT'DI Recgnciliatlon ol Operjtlng Surplus to N$t C?$hflow from operating Activities 2025 2024 Nel incoming resources for tho y$ar Deprttcialion IDecrea8ellin¢re•s6 in cr•dilor$ Dacre05ellincfeasel in dèblor$ Inv•$lmenl Income r6c•ivable Gain8 on invostmènls 78,495 2,132 78,670 727,869 189,0981 1160,1211 87,845 2,642 14,5891 143,7241 184,6311 1116,7471 Ntt ¢aèh ittflowllouttlowl frtsrrt operatin# activities 837,947 1159,2021 26 Relatett Party Transactlons During the yoar nded 31 Decombor 2025, Tht Diocesè ttf Down and Dromore paid allowances, gifts and exp¢ns¢$ lo Dioce53n Council Members amounting to £23,99212024'. £85,010). Tl)¥ parish of Ballyboen rè¢tiv&d f.19,108 tho p&riÈh Sh&nkill Èa¢h rectsivtrd £19,505 to r&fl¢cl the wts carried out on Diocesan bltsiness by the Archdeacon of Down and the Archdeacon ol Dromore. The Diocese of Down & Oromore li on6 of elèven Dioc•s•s that mak& up the Church of Iroland. Th¢ Dioc¢$e of Down & Dromore inleracls and work5 with several cllnnected or9anisalions within the Church of Ireland, Ihese being thè Diocese of Down & Dramore & Connor Joint Cammittee, the Representative Church Body. the Church ol Ireland TTuslee8, the Church of Ireland Orphans & Childrtrn'$ Socitrty ftrr the Counties of Anlflm & Down, and the Church of Ireland PrlorSties Fund. The Dio¢ese of Down & Dromore is Gonnecled with the above bDdiÈS by virtue of a numbèt of Diocs&n Cotsncil members being representatives on the decision.maKing bodies ol these organisalions. Durtng th? year IranBacliong Nvilh these bDclies amounl¢d lo incom6 of £645,54512024.' £216,539) and 6xpendrture 01 £1,512,58512ts24'. t1,323,7861. The Diocese of Down and Dfomore has 8 50¢A slake in the Joint Committee. 26 Cotttlhgè#t Llbllltls A conlingenl liability exists where the Diocese has lo pay If+e Stipend and Pension payments lo the RC8 for Parish8s when they ara unable lo cover the costs of Ihelr Incumbent's Stipend and Pen81on. This is monitored by the Council on a regular ba5}5. IDSQ9858 32