Charity r¢gistered nurnber - 108457 Diocese of Connor Financial statements for the year ended 31 December 2024 Dio¢¢s¢ of Connor FIAuncl8lstotemÉfttsfor iheyéar ended 31 D*c&wber 2024 Contents Page(5) Diocesan inforn]ation Report of the Dio¢¢s&n Council Ind¢pend¢nt auditors, report 7-10 Statement of financial activities Bal￿1¢¢ sheet 12 Notes to the f￿anCIal statement5 13-24 Statement of restricted fund8 25 Stat¢rllent of utw¢stri¢t¢d funds 26 ASM Dio¢¢se of Connor Flnancial stulementsfor the year ended 51 December 2024 Page I Diocesan information as at 31 December 2024 The Dio¢esaD Coun¢il for Connor Ex4)fflelo The Bishop The Aichdeacon of Belfast The Archd¢ucon of Connor The Alchdeacon of D￿rIad The Liigli¢ Rever¢nd G T W Davi50n Th¢ V¢nerabl¢ B G Forde The V¢nerabl¢ S R McBride The Venerabl¢ E P Dundas Honowary Secretarles of the Dlocesall Synod alld Collncll Archdeaeonry of Belfist Th¢ Rev Canon J C Carson N W Lyons Archdeaeonry of Conjior The Rev W J Boyd Mr S R Addis Arehdeaeonry of Dalriada The Rev T A G M¢Cann TLyttle OBE Cloric*l Diocegan Council Ar¢hdea¢onry of B¢lfa$t The Rev P B Jones Th¢ Rev T S Johnston The Very R¢v S B Forde The Rev C B Lacey The Rev P Blair Th¢ R¢v A Irwin (from Nov 23) Are1￿e9c0￿ry of Connor Arcbdeaconry ofDAlri#dn The R¢vN J Dark Th¢ Rev A P Campbell (t4ntilAug 24) The Rev Canon D P Kerr (Hxtil Feb 24) The Rev C￿On R M Mcconnell The Rev J D Ca￿pbe11-smyth The R¢v D C Christie The Rev A D G McAlister Th¢ R¢v D Lookhart The V￿Y Rev W S Wright, The Rev A Halligan (from Aug 24) DeaTh of Connor LAY D1￿ce&lln Council Arehdeaeonry olBelfast MTS J W¢ir MBB G Edgar A W MacaTtney R J Patterson G E McGou8hey J R m￿lIn J Hamilton (from Jun 24) Ar¢hd¢?conry of Colltior H R l Totten MBB Mrs C L H Chcrry MBE J Neill J W Wallace J A Williams Ar¢hdeA¢onry of Dalrlada J Ricliardson NRBolt Dr A J Campbell (unlilAug 24) S R Sirnpson K M¢Gall J A Thompsvn G E Cinnamon Co-()ptod mombÈr8 The R¢v A E Adams Dr J S Brown ASM Dio¢ese of C04Ynor Flnqfteial sta1efftÈAtsfor theyear ended31 December 2024 Page 2 Diocesan information as at 31 December 2024 (cont'd) Registered office Connor Diocesan Office Unit I Chattnel Wharf 21 Old Channel Road Belf&8t BT3 9DB Auditors ASM (D) Ltd 79 Cunningham8 Lane Dungannon Co Tyron¢ BT716 BX Solleltors John M¢K¢¢ So]icitors The Lillenhall 32-38 Linenknall Street Belfast BT2 2FY Silkin Nl LLP 220 Ortncau Road Belfast BT7 2FY Bank AIB (NI) University Road Belfast BT7 IND ASM Diocese of Connor Financial slatementsfor the year ended 31 Decemb¢r 2024 P(4ge 3 Report of the Diocesan Council for the year ended 31 December 2024 The Diocesan Council, who are the Tn]stees for charitable purposes, presents its report and audited annual financial statements for the Diocese for the year ended 31 December 2024. The Council has adopted the provisions of the Ch￿ltieS Acts ￿OrthCrll ThEland) 2008 and 2013 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing theii. financi&l statements in accordance with the Financial Reportin8 Standard appli¢abl¢ in the UK and Republic of Ireland (FRS 102} (effective January 2015). Objectives and activities The objectives and activities of the Diocesan Col￿clI, which are unchanged from last year, are principally to manage certaill aftairs in relation to the cures in its arca of operation, to assist with the strengthening and encouragement of those Cures and other supporting activities which include fjnancial and administration services to achi¢ve these objectives. The Trustees are aware of the Charity ConllTAission's guidance on public benefit in The Advancement of Religion for th¢ Public Benefit and have had regard to it in their administrdtion of the Diocese, We believe that by promoting the work of the Church of treland in the Diocese of Connor w¢ help to promote the whole mission of the Church (pastordl, evangelistic, social and ecum¢nical) more effectively, both in the Diocese &s a whole and in its individual paj'ishes, and that this provides a benefit to the public by: -providing facilities for public worship) pastoral care and SPiTitllal, tnoral and intellectual development, both for our members and for anyone who wishes to benefit from what th¢ Church offers. and -promoting Christian values, l￿d 8¢rvice by rnembers of the Church in And to their communities, to the benefit of individuals and society as a whole. Achievements and performance In the year under review, the financial position of the I)ioc¢sc was fairly static, with only a marginal increase. Expenditur¢ 8urpa55ed income by £104,447 but this was offset by a ris¢ in investments of £106,419. Fair Share income is still the larg¢st stream of income individually at 34.70/& of overall income in 2024 (2023: 34.4/0), but clerical costs being collected from parishe8 continues to rise. Although the Clergy Pension Scheme Income has reduced in 2024 to 28.6 /0 of overnll income (2023: 33.2/0), therc continues to be a rise in Stipends and allowances Income, as more cR¢rics move onto central payroll (through the RCB). In 2024 this was 19.6V/o of overall income (2023: 15.30/0). Don&tion8, External Grants, Investment Income and Other Income accounted for 11.80/0 of overnll income (2023., 12.40/0). The valu¢ of investments held within asscts saw a significant increase during 2024, with stocli markets continuing to recover with strong growth. Overall, the Diocesan Funds have increased from £4,225,051 in 2023 to £4,226,499 in 2024. The review of the parish banding system which was cattied out in 2023 was reported to Diocesan Council in 2024, and thi8 indicated that a tew parishes should be rebanded. It was decided that this would not occur until a parish became vacant. A register of Tru8tee'8 interests have now been gathered. ASM Diocese of Connor Finfmcial slatementsfor tk¢yeAp ¢Aded 31 December 2U24 Pag¢ 4 Report of the Diocesan Councll for the year ended 31 December 2024 (cont'd) Financlal revlew The finaii¢ial statements are presented in the Stand￿'d fOrn￿t required by Statement of Reci)n]mended Practic¢ 'Accounting and Reporting by Charities, as i8sued in March 2015. The Statement of Financial Activities (SOFA) shows wss income from all sources. Results During 2024, the Diocese had net exp¢nditsre of £1 LM,447 (2023,. net expenditure £18,901), Expenditure for the Diocesan Development programrne in¢re88ed to £243,036 (2023; £230,826). This year the Diocesan Council has again included a significant provision for doubtful debts. The Council would be hopeful to collect all monies due, but prudenc¢ siiggests that provision shoiild be made in recognttion that there may be diffi¢ulties in collecting certam items. The provision made for debtors in 2024 is £353,411 (2023: £313,620). Our creditors this year increa8¢d from £83,577 in 2023 to £91,762 in 2024. Golng concern The Diocesan Council has reviewed its flnancial prnjections and 18 satisfied that adequate funding is in place to ensure the Dioc¢s¢ CP4n continue its operations and that the financial 8tat¢ments for the year ended 31st December 2024 can be si￿1¢d off as a going concern. Structure? governance and management The Dioccse of CoDnor was established in its present form by Act of the General Synod in 1945 and is regulated by General Synod of the Chiwch of Ireland and its own diocesan iegulations, &uthority for both stem from the provisions of the Irish Church Act 1869. •• The Diocesan Council is a body elected by the Diocesan Synod which meets to consider and regulate the financial and other matters of the Diocese about five times per annum. Day to day work is delegated to tbe administriitive staff with oversight given to the Diocesan Finance Committce. This committee is scheduled to meot five or six times pcr annum And talces a detailed look at all Diocesan flnancial mattdB. Newly elected members will receive Trustee training from the RCB. Prlllclpal risks The Dio¢esan Council in the nornial couise of its oversight of activities has given due consideration to the principal risks that it faces, in particular those related to the long tem op¢rational and fllwicial well-being of the Diocese of Connor. Whilst keeping matLers under review, the Diocesan Council is satisfied that systems are in pla¢¢ to mitigate major risks. Investment and financial risks are primarily under the purview of the Diocesan Fillance Committee and the trnstee bodies to whoin the funds have been elltTUSted. Thc Diooesan Financc Committe¢ had requested the Greation of a formal Risk Rcgister, tbis was agreed by the Diocesan Council presented at the February 2018 meeting and was reviewed in November 2020. A thrther review occurred during 2022 and was adopted by Diocesan Council at its Novcjnber 2022 meeting. ASM Dlocese of Connor Finrtncialstfflementsfor theyear ended 31 Decenther 2024 Puge 5 Report of the Diocesan Council for the year ended 31 December 2024 (cont'd) Reserves polley The Diocesan Council generally raises Such ￿ndS from the parishes in its care as are required to meet operational requirem¢nts, In addition, capitul and revenue reserves are maintained under designated funds which are operationally controlled by the Diocesan Council, but which &re under the trustee care of th¢ Representative Church Body and Church of Ir¢land Trustees. As such, the Diocesan Council does not seek to maintain a specific ratio of re8c￿eS to, for example, revenue requirements, but it does seck both to protect its operational integrity and limit tb¢ call on p￿0¢hial resources through careful use of all fullds under its control. Th¢ l¢v¢l of unrestricted reserves at 31 December 2024 were £1,111,320 and the level of restricted r¢serves were £3,115,179. Inyestments All investments are held upon trust by either the Church of Ircland Trustees or the Representative Church Body, both are bodies corporate witli full trLiSt and investment powers. In almost all cases, the capital invested is held as a permanent endowment for dioc¢san funds and only the income is available for the revenue expenditure by th¢ Diocesan Council. Both bodies manage their investments under professional advis¢ment to protect the long-temi capital and income requirements of the dioce8e8) parishe8, trnsts etc. Church of Ire]and House Church of Ireland House has been held by a Declaration of Trust dated November 1994, between Church of Ireland Trnstees and the Joint Committee of the Dioces¢s of Down and Dromore and Connor, Legal advice has shown that Church of Ireland House in Belfast is owned by the Joint Committee on behalf of the two Dioceses. Church of Ir¢land House was sold on the 31 July 2023, the funds of which are now held by the Joint Committee, Th¢ Diocese of Connor's share in thc Joint Committee is r¢¢ognised as a tangible asset ill its fmancial statcm¢nts. Taxation status The Diocesan Council of Connor has been granted charitable recognition by HMRC, The Diocesan Council is aititled to certain tax exemptioJs on income and profits from activities carried on in fi￿th¢r￿ice of primary objectives. Charities legislation in Norihern Ircland will directly impact on the Dioccsan Council and is expected to enhance and defme charitable status. The Diocesan Counoil is not r¢8i8t¢red for VAT alld all expenditure is recorded inclusive of any VAT incurred. ASM DI￿¢¢5¢ olCoHiior Flitllncl(Ilsialettiwi¢s Ilt¢ J.iertr ¢iiileil 3] Deeenib¢p 2624 Pcig8 6 Report of the Dlocesan Coiillcil for I'he year ended 31 D¢cembei' 2024 (cont'd) PIAns fnr futur¢ porlod$ Tlie Dlocesan Coiiiicll ujtends to contlllue witli its baslo supportivt aiid adminiSiTaliVU fuii¢iion8 in d¢v#lopi1￿ the worlc and wilness ot tlio CIIuL¢h of Ireland in Coiiiior, I'h¢ P¢iTraAoiit C,oiiimissi¢)Ji fo)I' the Ardid¢tt¢¢nry of Beif&si approval foi. ii)Q i¢v8trLl¢lVI'ln& of parl$lws III¢AI li bi'oug11t to Dlo¢¢sHii Couiioll lrt Novoinbor 2024 wllli finul opi)rovdl fioni tl)e RCB in Deceniber 2024. All Poriiianeiit Coinniissions ko¥p iii oiigolng revlew of tlic pai'isli¢s. In tl)elK awlideaconi'y aiid wlien ne¢ess&iy¥ wlll brins forwurd any pioposal for I'c.8trti¢tLirl!ig to tlie Dlocesan Coiincll for cuiisidpraliDii Ind pprovi21. The Dio¢ese WRII agaln tlils year revlew its ronfli¢ls vf inter¢sl poli¢y on(1 111¢ risk I'ogl¥tor, to el￿￿1,¢ sood govvrnance (ItLd best pr&ctire is being llpplivd lo its polÉ¢Les. Dioces￿￿ CDun¢ll i¢ypoMslblllly In r¢ipe¢t of Ili¢ &ttiiuol Iliimnclal The Dloce3&n Coiincll is ¢e5poiislbl¢ foi. the pi'epai'ation of tlio finunLiii I stiTrl'emonts foi. finon¢idl yèAr wliicli Lyiye a ti'u¢ aiid falr vi'ew of Ili¢ state of affaii's o'f thc DioLese tss at Ili¢ tnd ¢f Ili¢ fillAn¢lul ytya¥ alld Ethe SiTrpliiS or deficit oftlie DLocese for iliat period. In pr¢pariiig1110so fjnuiicl&l sltht¢ni¢ntg, tli¢ DIo.c¢,18ii e_oiintsil is K¢quirFd to: select SLiii&blts i¢¢oiiiiting p()liGies and Iljcii apply tlicni conslsteiitly, Ixake JuJg¢in¢nis and gstlinat¢s Ih&t al'e re&soiiable aiid pi'udemt. pi'eplli'o Ili¢ financlal ,slllemeiits on the Boing CDiicern bnsis iinles3 It 15 inappropri#t¢ to do $0. Tlie DiOts¢saii Councll Is I'esponsibl¢ tor mllintainiii8 pi'op¢I' u¢countins Itttor
  • ll und detectlon of fraud a'nd other lri'egulllrlti￿, Audltory Tli¢ auditors for lh¢ finHn¢iii l ycai. ended 31 De¢¥n).bBY 2024 ai'£ ASM (D) Ltd, $tat¢Jnont of dlgelo¥ure to avdittoys 30 fiii. ftg tlie menibci's of Ilie Diocesan CoLlnGII are iwhre Ih¥ir¢, is 110 i'¢lovaiit audit inforiiiatloii of wliicli th& Dio¢¢AsL'S illidil'org are Ljiiaivmre and iliey huv¢ token Bll Ilie st¢ps tl)at tli¢y OLIBlit to have talcen to rnalce Ili¢nis¢lvey a¥vnio tif ally relevttnt ftudit ihforiT)¢11ioii uiid to cstablish tlia* the Dioce¥e's &lll(litoi'8 are uware of that iiifoi'iiiatioii, Mr'f Lyttl¢ OB Ti'ustec ID Aiiril 2025 ASM Dlo¢ese of Connor FiNaHcial slatementsfoy the yenr ended 31 December 2024 Puge 7 Report of the independent auditors to the Diocesan Council of the Diocese of Connor Opinion We have audited the fmancial statements of the Diocese of Connor (the 'Ch￿ltY,) for the yeaT ended 31 Dec¢tnb¢r 2024 which comprise the Stat¢tn¢nt of f￿ancIal activiti¢s, the Balance sheeL and notes to the financial statements, including a summary of Significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Killgdom Accounting Standards, including FRS 102 'The FinNncial R¢porting Standard Applicable in the UK and Republic of Ireland, (United Kingdom Generally Accept¢d Accounting Practice). In our opinion th¢ financial statements: give a true and fair view of the state of the Charity's affairs as at 31 December 2024 and of its incomillg r¢sources and application of resources for the year then Cllded. have been properly prepared in accordance with United Kingdom Gcnerally Accepted Accounting Practice. and have been prepar¢d in accordallce With the requirements of the Charities Acts (Northern Ireland) 2008 and 2013. Basis of opillion We conductcd our audit in accordance with International Standards on Auditing (UK) USAs(UK)) and applic&ble law. Our responsibilities under thos¢ 8tandards are further described in the Auditor's Responsibilities foi the audit of the financial statements section of our rq)ort. We are independent of the Charity in accordance with the ¢thicalrequirem¢nts that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethi￿ Standard, and we have fulfillcd our other ethical responsibilities in accordance with the8¢ requirements. We believe that the audit evidence we havc obtained is sufficient and appropriale to provide a basis For our opinion. Conclusions relating to going concerll In auditing the fitwicial statements, we have concluded that the Trustees, use of the goillg concern basis of accounting in the preparation of the financial skntcments is appropriate. Based on the work we have perfonne(L we hav¢ not id¢ntificd any material uncertaillties relating to events or conditions that, individually or collectively, rnay cast significant doubt on the Charity's ability to ¢ontinue as a going concern for a paiod of at least twelve months fi'om wh¢n the financial statements are authori8ed for isyue. Our ￿SponSIbl11t1eS and the responsibilities of the Trustee8 Wlth respect to going concern are described ill the relevant sections of this report, We have nothing to report in respect of th¢ following matt¢rs in r¢lation to which the ISAS {UK} require us to report to you where: the Trustees, use of the going Concern basis of accounting in the preparation of the financial statements is not appropriate. or the Trustees have not disclosed in the financial statements I￿Y identified Materi￿ uncertainties that may cast si￿71f1¢8nt doubt about the Charity's ability to continue to adopt the goillg concern basis of accounting for a period of at least twelve months from the date when the financial stat¢m¢nts ar¢ authoiised for is8ue. ASM Dlocese of Coftnor FIAillltlal sÉAteMentsfor the yeur ended 31 December 2024 PogE 8 Report of the independent auditors to the Diocesan Council of the Diocese of Connor (cont'd) other Informatlon The other Inforn￿tiOn compi"ise8 th¢ infonnation included in the annual reporl other than the finanoial statements and our auditor's report thereon. The Trustees are responsible for the other infonnation. Our opinion on the flnancial statcrnents does not cover the oth￿. information and, except to the extent othenvis¢ explicitly stated in OLW repor¢ we do not express any fonn of assurance con¢lusioll thereon. In connection with our audit of the financial statements, our responsibility is to irad the other information and, iii doing so, consider whether the other inforn]ation is matsrially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstatcd. If w¢ identify such material inconsistenci¢s or apparent material misstatements, we are required to determine whether there is a material n]isstatement in the financial statements or a mat¢ri&l misstatement of the other infomiation. If, based on the worl< we have p¢rforn]ed, we conclude that there is a material misstatement of this other infornratioll, we are required to report that fact. We have nothing to report in this regard, Matters on Jvhich we are required to report by exceptlon We have not])ing to report in respect of the following matters in relation to which the Charities Acts (Northern Ireland) 2008 and 2013 requires us to report to you if, in our opinion: the information given in the Diocesan Council Annual Report is inconsistent in any rnaterial respect with the f￿ancIal statemellts; or th¢ Charity has not k4)t adequat¢ accounting records. or th¢ financial statements are not in agreen]ent with the accounting records and reiurns. or we have not reccivcd all the illformation and explanations we r¢quir¢d for our audit. Responslbllltles of Trllstees As explained more fully in the Tru8tees' responsibilities ststement set out on page 6. the Trustees are re8ponsibl¢ for th¢ preparntion of tlie financial statements and for being satisfied that they give a truc and fair view, and for guch intcrnal control as the Trnstces determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether du¢ to fraud or error. In preparing the financi￿ statements, the Trustees are responsible for assessing the Charity's abiEity to continue as a going concern, disclosing, as applicable, matters r¢latcd to going con¢¢rn and using th¢ going ¢on¢¢rn basis of accounting unless the Trustees either intend to liquidate the Charity or to cease operations, or have no realisti¢ alternative but to do so. ASM Dio¢e$e of Connor FlAonclf￿StttIeMentsA01 theyear ended31 December 2024 PAge 9 Report of the Independent auditors to the Diocesan Council of the Diocese of Connor (eont'd) Audltor's responsibilities for the audit of the finanelal statements Our objectives are to obtain reasonable &ssurance about whether the fmancial statements as a whole are free from material misstatement. whetber due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in ac¢ordan¢¢ with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregat¢, they could reasonably be exp¢cted to influenc¢ the economic decisions of 1￿CrS taken on the basis of these fmancial statements, Irregu1￿lt1eS, including fraud, are instances of non-complianc¢ with laws and regulations. We d¢sign ProC￿UreS in line with our responsibilities, outlined alx)ve, to detect material tnisgtutements in respect of i￿¢gUlarItieS, includllig fraud. The extent to which our procedures are capable of d¢tecting irregularitie8, including fraud is detailed below. The obj¢ctives of our audit in respect of fraud, are to identify and assess the risks of material misstatement of the financial statements due to frdud. to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstat¢m¢llt due to fraud, through designing and implementing appropriate responses to those assessed risks. and to respond appropriatcly to instances of fraud or suspected fraud identified during the aiidit. However, the piimary responsibility for the pr¢v¢lltion and detection of fraud rests with both managemcnt and those charged with governance of tbe Charity. Our approach was as follows: We obtained an unde￿landing of the legal and regiilatory requirements applicable to the Charity and coi]sidered that the most significant are the Charities Acts (Northern Ireland} 2008 and 2013, Lhe Charity SORP, and UK fmancial reporting standards as issued by the Financial Reporting Council. W¢ obtained an understanding of how the Charity complies with these rcquirements by discus8ions with management and those charged with governance. We asscs8ed the risk of material mis8tatement of the financial statcments, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with Inanagement and those charged with govemance. We inquired of management and those charged with governance as to any lfflown instances of non- compliance or suspected non-compliance with laws and regulations. Based on this undeManding, we designed specific apprO￿late audit procedures to idcntify instances of non-compliance with laws and ￿gUlations. This included making enquirics of management and those charged with governance and obtaining additional corroborative evidence s required. ASM Divc¢se of Connor Flnanei(41 slatementsfor theyenr ended 31 December2024 Pagelo Report of the independent Auditors to the Diocesan Council of the Diocese of Connor (cont'd) Explanation as to what extent the audit was ¢onsidered ¢&pable of detecting Irregularities, Including fraud As part of an audit in accordance with ISAS (UK) we exercise professiona] judgement and maintain professional scepticism tl]roughout th¢ audit. We al80: Identify and assess the risks of materi&l misstatcmellt of the financial statements, whether due to fraud or error, d¢sign and perforn] aiidit procedures responsiv¢ to those risks, and obtain audit evidence that is sutTicient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as frdud may involve Collusio￿ forgery, intentional omissions, misTores¢ntations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that ar¢ appropriat¢ in the circumstan¢¢s, but not for the purposes of expressing an opinion on the effectiveness of the Charity's internal control. Evaluate the appropriateness of accounting policies ￿Sed and die reasonablenesg of accounting estimates and related disclosures made by the Trustees. Conclude on the appropriateness of the TrusteC8' use of the going concern basis of accounting an based on the audit evidence obtsined, whether a material unc¢rtainty exists related to events or conditions that may cast significant doubt on the Charity's ability to continue a8 a going concern. If we ronclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related di8cI(F8ures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions al'e based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Charity to cease to Continue as a going concern. Evaluate the ov¢rall presentation, structure and content of the financial statetn¢nts, including the disclosures, and whether the financial statementg represent the underlying transactions and events in a manner that achieves fair ptts¢ntation. We communicate with those charged with goven]ance regaTding, among other matters, Ihc planned scope and timing of the audit and SIgn￿lCant audit findings, including any significant deficiencies in internal control that we identify d￿ing our audit, Use of our repoTt This report is made solely to the Charity's Trnstecs, as a body, in accordance with Chapter 3 of Part 8 of Ihc Chariti¢B Acts (Northei'n Ireland) 2008 and 2013. Our audit worlc has been iindertaken so that we might state to the Charity's Trustees those matters we are r¢quir¢d to state to them in an auditor's r¢port and for no other purpose. To the fullest extent permitt¢d by law, we do not ￿cept or assume responsibility to any palty other than the Charity and Charity's Truste¢s as a body, for our audit work, for this report, or for the opinion we have fornied, ASM (D) Ltd CILartered AeeountAnts and Rogistered AudltorB Dllngannon 10 April 2025 ASM Diocese of Conftor FinAnciNlstatementsfor theyÉar eAdd 31 Deefftibw 2024 Page 11 Statement of financial activities for the year ended 31 December 2024 Restrlcted funds Total funds Total nds Unrestrlcted fund$ VisiDIt Strate fund 2024 Oiher 2024 Other 2024 Notes 2024 2023 Ineome Charit¢7ble activititty.. Donations Diocesan fimding Clerical costs Bxternal grajls Investment income Other income Total income 10,596 946 801,378 3,484 21,544 8,424 21,862 857,63 8 3,387 14,929 801J78 1,075,953 1,079,437 6,050 40,209 48,233 66,612 49,298 128,851 1,182,921 2,131,416 28,423 837.207 1.043,557 31,601 68,031 138,452 2,147,271 12,615 9,955 57,691 90,857 Expenditure Charitable acflvlilLS.' Central Chiuch costs Clerical costs Other costs Overheads.. Staffing costs AdminÉstratlOli ¢0Sts Other cost8 DepT￿latIOn Total expenditure Net illcome l(expenditure) Other reeognlsed guin51(losses) Slwr¢ of guinsl(losses) in Joint Cornmittec 78,650 20,091 111,147 187,028 265,678 1,158,298 1,178,389 10,014 147,584 257,904 1,138,380 165,897 io 26.423 li 12 13 188,431 13,992 14,189 149,483 87,881 145,434 3,835 596,521 261,117 39,011 906 1,050 376,925 102,779 160,673 3,835 1,396,307 2235,863 (213,386) (104,447) 360,604 95,320 141,888 5,369 2,165,362 (18,091) 243,035 (152,178) (524) (524) 151,966 Gainsl(losses) on investm¢nls Flet movemellt in funds 24,046 (128,132) 146,502 19,130 279,723 63.243 {150,143) 260,(KiO 106,419 1,448 76,651 210,526 Tiansf¢tE behveen fund8 (406,502) Total funds at l Janiiary 2024 TotAI funds At 31 Ile¢¢mb¢r 2024 310,983 908,746 3,005,322 4,225,051 4,014,525 329,353 781,967 3,115,179 4326,499 4225,051 ASM Dlo¢ese o,rc'oiiiivr l¢iiillii¢iftl wlulciii¢iil¥ PttgÉ J2 or ilitt effr &iiil¢d 31 J)¢¢'¢llihei 2P24 Balance sheot at 31 J)eeoinber 2024 Not&y 1014 202J Non ¢urroJi¢ assets 8horq in Juiiil Committ¢¢ D85¢1y .rixed hssels Inv¢stnipnts 23 14 15 899,239 11,318 2 527,835 3,439J92 1199,763 14,710 2,491.516 3,3J5,98Tr Curront 118So1$ Doblors Bttnk 248,831 fj3Q,03 1178,869 404,863 467,776 972,639 iy CY¢dllor8' pl￿O￿￿ts fiillliig diio iylllilii y¢nr 18 (91,762) (33,5771 Not ciirront q3s¢tg 787,11)7 R89,062 I'olftl *ssots lés¥ ¢uri'¢Mt Ilthbilllliy 4,226,4Y9 4,225,Q51 Total Assols 4,226,499 4,225,051 R¥s￿rY￿S Restri¢tEd funds Ui)r¢slri¥i¢d thiid 20 20 J,11.I,A Y4) 1,111,320 3,005,322 1,219,729 'rfjl#J roseyyes 4,226,199 4,225,OJl 'rh¢ foi'egolng balftn¢¢ slioei wus apptoved by tho Dloe&qsWi Council on 10 ApriL 2025, Slgnfitsii'e: eloi'lLal llonoA'hwy S¢eretary R&Y t)r Alnn McCanD SiEllSitIlA'#; Loy l.IoiioiYry S¢¢i'otary Mr T Lyitle OBE ASM DIoc￿e of Connor Financirfd 5talementsfor ihe year ended 31 Deeember 2024 Page 13 Notes to the finallclAI statements for the year ended 31 December 2024 Statement of ac¢ounting pollcies The financial statements are prq)ared ill a￿ordanCe with Accounting and Reporting by Charities.. Statement of Recommended ￿'aCtIce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK md Republic of Ireland (FRS 102) (effective January 2015). The principal accounting policies adopted are as follows,. Ineoming resources Income is recogniscd when the Charity 18 legally entitled to it after any ￿rformanCe conditions hav¢ been m¢( the amounts can be measured reliably, and it is probable that income will be received. Resources expended All items of expenditure are recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which Cannot be fully recovered and is Teported as part of the expenditure to which it relates. All Costs are allocated between the expenditure ¢ategoric8 of the Statement of financial activities on a basis designed to reflect the use of thc regource. Fund accounting Unrestricted [￿nd8 are funds that are available for use at the Tn￿te¢s, discr¢tion in furth¢ran¢e of th¢ objectives of the Diocese in accordance with the regulations that govcTTh the Diocesan Council. Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted by the funder to that area or purpose, Investments All income from investments is accounted for on an accrual's basis. Depo8lt inter¢st receivable, expenses and intere8t payable are accounted for Oll an accruaL's basis. Li8ted investments comprise those quoted on a Stock Exchange. All investments have been valued at marl o reducing balance 25 /0 reducing balance Pension ¢osts The Ch&rity operates a defined conttibution pension scheme. Contributions payable to this s¢h¢me are charged to the expendittire in the pcriod to which thcy relate. These contrjbutions are invested separately from the Charity's assets. ASM Diocese of Connor Financi(41 Nlatsmenlsfor they#ap ended 31 DecembÈr2024 Pqge 14 Notes to the financial statements for the year ended 31 December 2024 (cont'd) Statement of accounting policles (cont'd} Going concern At the time of approving the financial stat¢ments, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existencc for the foreseeable futur¢, Thus, the Trust¢es continue to adopt the going concern b&sis of accounting in preparing th¢ financial Statements. Debtors Trade and other debtors are recognised at the settlement amount due, Interest receivable llltcrest on funds beld on deposit is included when receivable and the amount can be measured rcliably. this is nonnally upon notification of the interest paid or payable by the bank, Credltoys and provAsion$ Creditors and provisions are recognised where th¢ Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally rccognlsed at their s¢ttlement amount after allowing tor any tra(k discounts due. Fln&nclal Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently mca8ured at their settlement value with the exception of banlc loans which are Subsequently measured at amortised cost using th¢ effective interest method. The financial statements arc prepared in sterling, with molletary amounts rounded to the near¢8t pound. Charitable activities - Dollations Unrestricted fund8 Vision strategvfund 2024 Restrlctcd funds Other 2024 Oiher 2024 Total 2024 Total 2023 Project specific Fund specific Sundry 7,845 3,051 646 8,491 6,438 9.366 10,487 8,570 28,423 3,387 10,896 646 3,387 14,929 ASM Dioces¢ of Connor Financral stalementsfor the yeur ended 31 Dec*mbÉr 2024 Page 15 Iyotes to the financlal statements for the year ended 31 December 2024 (cont'd) Charitable actffivlties - Diocesan funding Unrestricted fund8 VisioA strategyfund 2024 R¢strficted funds uiher 2024 Other 2024 Total 2024 Total 2023 General assessment Covei. duty Registry fess Rural Del￿S fees Removal gi'ants Safeguarding Sundry 739,726 46,898 739,726 46,898 739,779 58,319 99 18,568 13,609 4,690 2,143 837,207 14,218 536 14,218 536 801,378 801,378 Charitable activities - Clerieal costs Unrestricted fund8 ion trategyfund 2024 Restrlcted funds Other 2024 Oiher 2024 TotAI 2024 Total 2023 Clergy Pension Fur Dio¢e6an Clergy Fund StiperM18 Locomotory otrice Allowance Clcri¢al Employers NIC Hou91ng 609.202 52,361 309,959 46,783 5,651 36,097 15,900 1,075,953 609202 52J61 309,959 46,783 5.651 35,981 19,500 1,079,437 713,198 247,312 35,634 4,177 27,604 15,632 1,043,557 (116) 3,600 3,484 Ch&rJtable activities - External grants Unr¢$trlcted funds Yision stratwfund 2024 Restrlcted funds Other 2024 Other 2024 Tot41 2024 Total 2023 CIYD Funding RCB Sundry Grants 8,735 8,735 27A94 3,880 40,209 8,735 19,866 3,000 31,601 21,544 6,050 3,880 12,615 21,544 6,050 ASM Dioces¢ of Connor nan¢i¢dstutemeAtsfor they¢ar ertded 31 December 2024 Page 16 Notes to the financial statements for the year ended 31 December 2024 (contyd) Charltable acdvltles- Investment income Unrestrlct¢d funds V&slon Strate￿f￿Nd 2024 Re5tr1cted fiinds Other 2024 Other 2024 Total 2024 Total 2023 Dividends r¢¢¢iv¢d Bank interest RentB received 9,916 39 6,257 2,167 36.627 11,606 52,800 13,812 54,273 9,402 4,356 68,031 9,955 8,424 48,233 66,612 Charitable activities - Other Income Unrestrlcted funds Vision strntegyfund 2024 Restricted fund$ Othéi 2024 Other 2024 Total 2024 Total 2023 Staff cost recouped OLM ¢ouise fees Diocesan reader fees Supply of resources 57,691 21,036 48,614 (240) Y24 127,341 (240) 1,346 404 12&851 133,177 240 1,448 3,587 138,452 422 404 21,862 57,691 49,298 ChAritable- Central Church costs Unrestrlcted funds Restricted funds Other 2024 ltr8le￿fU￿d 2024 Olh¢r 2024 Tot#1 2024 Total 2023 Episcopacy Safeguarding Priorities fwiding Clergy alld Ministt'y prot¢¢tion fund 148,142 25,722 148,142 25,722 78,650 13,164 265,678 146,152 28,428 70,784 12,540 78,050 13,164 187,028 78,650 257,904 ASM iocese of Connor FinancialsÉalemen¢sfor theyertr ended51 December 2024 Page 17 Iyotes to the financial statements for the year ended 31 December 2024 (cont'd) Cbarltable - Clerical costs Unrestri¢ted funds Vision s¢rllteufAnd 2024 Restrl¢ted lunds Olher 2024 O¢her 2024 Tota] 2024 Total 2023 Sabbaticals Diocesan Clergy Fund support loan Curate assistant grants Cleri¢al Situations Bishops Ministry grant Clergy Pension Fulld Slipend Locomotory Office allowance Clerical employers NIC Removal gtants Housing costs 5,555 5,555 56,833 56,833 14,000 3,000 8,480 17,000 8,480 10,730 7,246 3.000 712,788 293,309 38,434 4,548 30,264 12.861 25,200 1,138,380 617,776 347,490 53,083 6,483 39,953 617,776 347,490 53,083 6,483 39J53 536 25,200 1,178,389 536 25,200 1,158,298 20,091 ,ASM Dioeese of Connor Financial stutementsfor theyear ended 31 December 2024 Page 18 10. Charltable - Other costs Unrestricted funds Vlslon strate£vftsAd 2D24 Restrlcted fund8 Olher 2024 O¢her 2024 TotAI 2024 Total 2023 CITI foundation Gourse CITI lay r¢ad¢i' course CITI CMB course Ordination exp¢ns¢s Grant to support Ministy Cover duly RuTal D¢ans fe¢s Registry fees Glebe's se¢relary Archd¢acTrns Director of Ordinallds Diocesarn Ciwate Rural Deans Registrar Warden of readers Curate's children's allowance Resourc¢s Donations of services caterin￿enIert&Illlll81 subBist¢uo¢ Acroulluodationlvenue Travel miscell1￿e4?us expens Coun¢il for Mi￿1(￿ gi'ants 'ant to imiversity chaplc1incy OLM Cour8¢ Fees Lay R¢&ders Maleyials PioD¢er Ministy A88iStallt RegiSt￿r Vocation Piolleer MiDiStry DirectOT of Vocallons Oulsid¢ knislunce Dioc48o of Yei support 1,314 2,896 3,319 1,258 3,082 58232 20.$1)7 594 99 22,035 1.079 2,542 3,773 1.695 1,052 2,147 4,177 2,635 4,177 2.635 10,014 111,014 46,284 14,528 841 498 23,776 528 2,743 4,080 1,829 1,117 I￿2 46.284 14,528 841 498 23,776 528 2,743 4.080 1.829 1,117 1.829 9,228 610 930 9,194 480 4276 610 930 8,670 3,507 1,190 2,100 670 3,507 1,190 2,1011 4521 421 45 151 641 229 274 188 9,083 4,288 503 8,100 4,521 421 45 151 641 229 274 4,190 188 60 165,897 26,423 111,147 10,014 147,584 Diocese of ConHrfpr Financiuls¢atementsfor theyeav ¢hded 31 Décember 2024 Page 19 Iyotes to the financlal statements for the year ended 31 December 2024 (eont'd) 11. Overheads ￿taff costs Unrestricted funds Vtsion stralegyfund 2024 Restrlcted funds Other 2024 Oiher 2024 Tolal 2024 Total 2023 Wages wid s&lari¢s Employer8 NIC Employer's pension cost Other staff costs 156,629 18,731 9,763 3,308 188,43 I 125,108 6,978 17,342 55 149,483 30,882 5,374 2,755 312,619 31,083 29,860 3,363 376,925 313,053 17,336 27,369 2,846 360,604 39,011 There was one etnployees receiving emplo>yec ben¢fJts (excluding employer pension costs) of more than £60,000. Senior Management of the Dioc¢se consist8 of the Bishop, Archdeacons, Parish Development Officer, TrLLSt¢es and the Financc and Administratlon Manager. The total employce benefit of the senior management in respect of those paid by the Diocese was £157,477 (2023., £96,182). There was wi average of 9 employees in the period. Senior Management pay Is Set by the Diocesan Council and reviewed annually. 12. Overheads - Administratlon chrdrges Unrestrlcted funds YISEOII slratevfund 2024 Restrlcted funds Oth¢r 2024 Olh¢r 2024 Tot81 2024 Total 2023 Stationery and printing Postage Telephone Col House costs Rent and rates InsurtWG¢8 Heat and lighl Payroll fces Complianc¢ costs Maintenance amd repairs Slindry adrninistration ch&rges 263 444 58 707 58 3,369 60,01)0 5,806 8,319 769 1,806 19,073 888 3,408 3.369 3,019 60.000 9,805 3,427 (59) 3,060 13,838 126 60,000 (3,194) 8,319 769 1,806 19,073 9,000 12 876 1,348 13,992 606 30 1984 (1,304) 95,320 87,881 906 11)2,779 ASM Dlocése of Connor FlnrtAcialstntementsfor th¢year ended31 Dec¢mber 2024 Page 211 Notes to the flnancial statements for the year ended 31 December 2024 (cont'd) 13. Overheads - Other costs Unrestricted funds Vislon strttlwfund 2024 Restricted funds Oihey 21124 oiher 2D24 Tolal 2024 Total 2023 Travel expenses Accommodation expenses Subsist¢nc¢ expellses Advertising and marketing Magazine c08t5 Web costs Legal fees Accourktsn¢ylAudit fees HR expense5 Diocesan Su￿eYOr Licence fe&8 Bank ch￿Se8 and fees Batjk interest Leasing costs Bad debt provided Venue hire Caterillg ¢xp¢n5e8 Misc Synod expense5 Ground rent Asbestos survey5 rr expenses Valuation 284 275 545 1,104 466 1,583 2,829 250 1,833 3,129 3,088 3,901 300 566 8J45 545 1,080 669 8,385 545 11,136 4,200 674 27,949 12.599 593 31 1,332 61,269 1,112 2,606 931 159 8,345 545 3,073 4,20D 3,073 4,200 41,064 12,075 554 41,064 12,1175 646 37 55 73,345 51X) 2,730 75 73,345 700 2,730 75 200 6,094 69 6,094 69 240 141,888 14,189 145,434 1,050 160,673 ASM Dlocese of Connor Financial slat¢menlsfor theyear ended31 De¢thb¢r 2024 PAge 21 Notes to the financial statements for the year ended 31 Decen]ber 2024 (cont'd) 14. Tangible fixed assets Office equipment Comput¢r Software Total Cost At L January 2024 Additions At 31 December 2024 18,552 1,444 19,996 18,878 37,430 1,444 38074 18,878 Depreclatlo At l January 2024 ch￿ge for the year At 31 December 2D24 8,625 2,640 11,265 14,095 1,196 15,291 22,720 3,834 26,554 book valiie At 31 D¢¢ember 2024 At 31 December 2023 8,731 9,927 3,587 4,783 12,318 14,710 ASM Dloeese olconnor Finoncialstilementsfor theyear ended 31 Decembw 2024 P14ge 22 Notes to the financial statements for the year ended 31 December 2024 (cont'd) 15. Investments Openlng Fund Tltle of Trust RCB Vnlue crr Value Total yalue 2024 Total value 2023 2024 2024 B¢lfast Additional Clergy Fund Sundry Smyth JH St¢wart JA Drew Memorial Sundry Rev G C Stevenson Sundry Sunthy Maintetwice Episcopal Connor See House 77AOO 6,222 12,132 152,767 5,622 83,022 6322 12,132 222,157 29,264 19,660 92,962 139,289 122,154 99,047 144J22 1,764 81,802 41,569 84,020 6,109 11,911 213,274 26,692 17,933 84,897 131,104 111,419 94,665 144,322 1,609 77,004 40,811 69J90 29264 19,660 91,473 81,052 122,154 Church exten8ion OrdinAtion bursary Endowment Episcopul support 1,489 58,237 99,047 144,322 Expenses Sundry Parish Support Flll￿ Sundry St Andr¢ws Parish Clerical Income Augmentation Sundry Suudry Sundry Hospital Chaplains Re8id¢nce Lord Molyneaux Sundry Rolston Estate 1,764 47A74 34,328 41,569 3,871 872,784 57,885 1,193 87 102,640 63,387 S,064 872,871 160A25 63J87 4,889 856,954 150,450 57,817 Stipend Super￿￿lIatiOll General loo 6,231 243,338 55,967 2,421,516 Youl Diocesan gen￿￿tion General Total 6,832 266,784 6,832 266,784 S7,￿6 2,527,835 57,006 1,619,059 908,776 The invcsthients held by the Representative Church Body (RCB) and the Church of Ireland Truste&8 (CIT) are either listed on a recognis¢d Stock Exchaugc or InV￿ted in the RCB unit tiusts (N,I.). The market value is the quoted mid-price on the 31 Dccember 2024. All CIT investments were folded into the new CIT Unit Trust on th¢ 1st July 2012, the book cost for all holdings was uplifted to market value at that date. ,ASM Diocese of Connor F1naTn¢ial￿rttementsfor theyear énded 31 Decemb￿ 2024 Puge 23 Notes to the financial statements for the year ended 31 December 2024 (cont'd) 16. Debtors 2024 2023 Other debtors 565,996 (353AII) 36,246 248,831 575,622 (313,620) 142,861 404,863 Provision for doubtful debts A¢¢n￿d incom¢ 17. Bank 2024 2023 Balances lield tti Northern Ireland Balances beld in Dublin by RCB 286,725 343,313 631b,038 249,381 318J95 567,776 18. Creditors: amounts falllng due Tryithin one year 2024 2023 Bank ovetylraft Other cr¢ditors ACcrL￿18 1,291 59,160 31,311 91,762 2,627 49,320 31,630 83,577 19. Reserves Capital reserve Revenue re8erve Total Net incomel(expeiiditiire) Share of surpluO(deficit) in Joint Comtnittee Inoreasel(decrease) in market value of investment8 (104,447} {524) (104,447) (524) 106,419 1,448 106,419 106,419 (104,971) At l janL￿ry 2024 At 31 December 2024 2,421,519 2,527,938 1,803,532 1,698,561 4,22.5,051 4226,499 ASM Dioc￿¢ of Connor iianclul slatemetttslor theyeor ended 31 Decenther 2024 Page 24 Notes to the financial statements for the year ended 31 December 2024 (cont?d) 20. Analysis of net assets betiveen funds Joflnt Commitlee Flxed assets Investments Current s$ets Tot Unrestricted fundy Restricted ￿ndS 249,239 650,000 899,239 12,318 537,661 1,990,174 2,527,835 312,101 1,111,319 475,￿6 3,115,180 787,107 4,226,499 12018 The income of each of the unrests'icted funds is available to the Diocesan Council to be iised at its discretion in accordance with the diocesan regulations. The assets of those funds, however, nonnally consist of gifts and bequests specific to the fund and must b¢ regarded as unavailable for revenue pulyoses. 21. Related pgdrty transactions The Diocese has related parties of the Church of Ireland Trustees (CID and the various Tnjstees. No transactions oCcU￿ed with related p￿tieS ill 2024 or 2023. 22. Trustees remuneration and beneflts Expenses totrdlling £4,216 (2023.. £4,125) for professional services were pakd to seven of the Trustees during the year which had been incurred in carrying out their roles within the Diocese. These rol¢s include Diocesan Registrar, Dioccsan Director of Ordinands, Warden of Readers and Rural Dcans. The Diocese pays a Curate Children's Allowance granl which is pay&ble to curates who have childrffli aged eleven and under, aftcr un application has been made, During the year, payment totallillg £732 (2023.. £678) was made in r&sp¢ct of this grant to one of the Trustees. 23. Joint Committee The Joint Committee assets ar¢ noted in these financial statements as an investment of the Diocese, The Joint Committee was fornied by an act of General Synod in 1945 and has responsibility for the assets that t￿e jointly owned by the Diocese of Down and Dromore and the Diocese of cOt￿Or at the time of their separation and continues with this today. 2024 2023 Balance at l J￿llary 2024 Gainl(loss) in the year Balall¢¢ at 31 December 2024 899,763 (524) 899,239 847,797 51,966 899,763 ASM 25 FI11¢711¢i4lsl4few¢￿1 *iidt￿31 DttenrbEr 2024 Statement of restrleted funds Poot Par]8hoS (PRrl pport (l) Beifwt Addltional EndowmeAt Clergy fund EplBeops1 S¢D Blytho Mitiistry Total t¢JtriEted fumdi Stipend nd 5up¢r*nrtuatJon fwjd fun Boionce at l JaLuiary2024 183,146 57.504 04,43Z 289 76,889 63,491 49,933 495,984 Donatioik% Cl#i¢fvl Cos18 BxternAI (1￿￿15 Inves1m￿ti￿cO￿O lier Total fftcome 3,387 3 J87 1075,953 6,050 48,233 49,298 1182,92L L,075,953 6,050 571 15,559 5,7( 11.446 5,987 49,298 ,131,238 3.J12 5,704 11,446 5,654 3J12 10,IX18 E¥pentht4r¢ Cettiral Thuroh Co Cl¢ri¢&l AthniniElrdliQll costs OdieT T0luLexp￿LtU 1187.0281 IL870281 {8,4801 11,158298) 139.887) 111.094 I J9A30 13.000) (J9.0111 I￿6) 8,530) {J,514) 11,049) 9,529 76 Netjn¢om￿¢xPgll4lt￿r¢j 4.029 5,7Q4 9,932 (241.620) 5,654 2,436 479 (213,3861 Tr&tssfEr betweEfLfutvJ TraTBfErstDfaPital 6,45S 245,(K)O 16,456) 15,Q 260,000 Ht31 D¢¢ember 2024 187,175 63A08 8(bJ2tft 3,009 76,097 65J27 65,412 542.59B Ptt2¢ 20 Fliiftiielal*4i¢th¢Atsfw¢bÈpeor£iiéd31J)ecewtber2024 sthtement of unrestrieted funds Cliurtb tW510 fund Vtslo •tratBEy rund Total unro5tr1eled runds Expom DIoce￿A Tupd Mlnlslry fumd laL¢e at l Jsw2024 468,826 35,185 40,935 2.320 17224 56459Q l#coni¥ 946 801,378 3.484 2J,544 7,098 21.862 856J12 10,596 I I,Y2 802,704 3,484 34,159 17,053 79J53 948,495 Di{￿¢s￿￿ FU￿01n8 CleriGoI Costs External Grnnts IThv93trntnt Ill￿￿¢ Other Total Its￿￿E L,326 12,615 9,955 57,69L 90,857 1,326 Yp¢ndi141 C•ntrd Chui¢h ¢osl8 Clerical c08ra Olh¢r¢o8 0￿¢11d$ 8IBffubg costs Athnini8trAtioii coslB Other ¢o¥ts D¢J)wi4tion Total expendituye 178,6501 120,0911 (78,6501 {211,iWII 1137,5701 126,423} {149,4831 (87,8811 1145,4341 (3,8351 1596J211 1188h311 114,022) 114,159) P37,9141 (101,￿3) {159SPJ) {3,835) 183955 1243.&351 Ne( It￿0￿￿1¢XpendL1vrel 259,79l 1.326 1152,178} 108.939 Transf¢r trtt¥won fiinds (406,S02) 146J02 P60,QIIO Balnn¢e at 31 ile¢ember2024 312,11 3A51J 3S259 ￿20 J7024 413￿2