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.