Annual Report 2004
Churchtown Village Renewal Trust
The Trust which was founded on the 4th July 1997
is a legally constituted registered charity (CHY12393) dedicated
to the improvement of the social, educational, environmental and
economic infrastructure of the parish of Churchtown in the Ballyhoura
area of north County Cork.
In 2003 the Trust announced that it was to wind
down its operational activities in favour of the Churchtown Development
Association and concentrate on on-off projects such as publications
relevant to Churchtown or donations to parish activities.
Auditors:
The 2004 accounts have not been audited as the
level of activity does not warrant the expense.
Bankers
AIB Bank
Buttevant
Co Cork
Tel 022 23 165
Fax 022 23 486
Legal Advisers
Cusack McTiernan Solicitors
6 Fitzwilliam Place
Dublin 2
Tel 01 676 2833
Fax 01 676 8031
PREVIOUS REPORTS
The Trustees recommend that this report is read
in conjunction with previous Trust annual reports.
VAT
While the Trust has charitable status it is not
allowed under current legislation to recover VAT which means that
in most cases either 13.5% and 21% of the Trust's expenditure
goes back to the Exchequer in tax. This unfair situation deserves
to be
re-examined by government.
Declaration of Interest
The chairman of the Churchtown Village Renewal
Trust, Gerry Murphy, declares his commercial business interests
in Bruhenny Holdings Ltd and the Bruhenny housing development.
These commercial developments are part of the renewal of Churchtown
but are outside the scope of the Trust.
Decision making
In the period 1997 to 2004 the trustees have vested
considerable discretion to the chairman in terms of day-to-day
decision making on the understanding that all expenditure fell
within the terms of the comprehensive Trust deed and it is properly
vouched and audited.
Thank You
The Trust is extremely grateful to a wide range
of individual people and organisations, which supported its objectives
since 1997. Much of the work
of the Trust would have been impossible without this vital support.
Registered charity:
Reference number CHY 12393
Web site:
www.churchtown.net
Income & Expenditure Accounts 2004
The accounts of the Churchtown Village Renewal
Trust for 2004 are presented here in summary form.
All account since 1997 have been filed with the
Charities Section of the Revenue Commissioners in Nenagh, Co Tipperary.
Annual Accounts 2004 (in Euro).
Opening bank balance on 1.1.2004 Overdrawn - 3,116.72
Income - Donations / Grants
Arts Grant - BM Book 650.00
Book Sales 255.75
Donation 6,000.00
Total Income 6,905.75
Expenditure
Book - wrapping 405.35
Bank interest 49.15
Civic Plaza Plan to CCC 162.95
Bruhenny Pipe Band 1,000.00
Stamp duty 3.75
Total Expenditure 1,621.20
Closing bank balance on 31.12.2004 in Credit 2,167.83
Approved and signed at the Annual General Meeting for 2004 of
the Churchtown Village Renewal Trust at the Market House, Churchtown
on 8th December 2005.
Gerry Murphy, Chairperson & Eileen Ahern-O'Connor,
Treasurer
2004 Trustee Details
The Churchtown Village Renewal Trust was founded
in 1997. The Trust is a legally constituted registered charity
under Revenue Commissioner rules and is dedicated to the improvement
of the social, educational, environmental and economic infrastructure
of the parish. The trustees in 2004 were:
Margaret O'Brien.
As well as contributing to the local community
as a Trustee of the Churchtown Village Renewal Trust Margaret
is also District Commissioner for the Duhallow Pony Club. Margaret
and her husband farm at Clashganiff House in Churchtown.
Eileen Ahern O'Connor
Eileen is an artist who returned to her native
Churchtown in 1997 having lived and worked in the USA and Australia
where she was actively involved in supporting the Aborigine community
in Newman, NW Australia as a voluntary worker with the local Shire
(county). She will act as honorary treasurer of the Trust from
mid 2002.
Noel Linehan
Interested in all aspects of the environment and
local history Noel completed a video record of a large number
of local senior citizens with the help of Pat Irwin in 1999. He
has given many years of service to the community. Noel farms at
Ballygrace, Churchtown.
Peggy O'Flaherty
Peggy served as secretary of the Churchtown Development
Association for many years up to 2001 and now acts as secretary
of the Churchtown Village Renewal Trust.
Gerry Murphy
Gerry founded the Trust in 1997 and is its chairman.
He is Dublin based and his voluntary work has included acting
as chairman of Guaranteed Irish, the national body promoting Irish
goods and services, acting as chairman of Thermie, a pan European
project aimed at reducing the emission of CO2 and serving as a
council member of the Institute of Bankers in Ireland and the
Association of Advertisers in Ireland.