CHURCH OF THE EPIPHANY PARISH OF UPPER MALONE Recelpts and Payments Account for the year ended 31 December 2025 Unrestsirt -7 Restrfcted I Funds Funds 1 2025 2025 i Totsl 2025 Total i 20241 Re¢el F.W.O. and General offerfn8S Other donatlons Tax Rellef on Glft-Alded don•tlons Hlre of Halls Rertory Rent Investment Income Bank Interest Donatlons for 3wd party charftles SL Polycarp'5 contrlbution to cost of Rector Smartles Appeal Elertrlclty Refund Fundralslng Cremation plot Fabric fund 20326 no 4654 . 2899 10240 20326 720 4654 , 2899 18375 5024 21 374 676 209 244 960 .. 32795 32795 2176 175 2176 1 175 915 TotslR I ts I 74504 1765 76269 Pa ments Cler8y Costs- stlpend, io¢omotory, offlce and Employerf$ NIC 48170 48170 44358 aer8y Costs- penslon i Clergy tover t Or8anlst i Equlpment and repalrs Stationery and prlnting Utllltles and Rates Dlocesan Assessment Insurance Independent Examlner Refund of St. Polycarp's share of overpald NIC Bank charges Repairs to St. Polycarp's rertory i Accountlng fees I Payroll processlng I Incldental runnlng costs Charitable donatlons 10447 10447 Iso 1500 2498 10242 1500 2498 850 4964 . 1620 421 4964 7083 2191 6784 2088 300 2191 123 2365 858 139 2013 2365 858 425 695 85518 114810) ments Excess of Payments over Recelpts for the year Transfers Openlng Bank balances aoslng Bank balances 82368 (7864) 960 805 83328 (7059) 1884 10981 2282 21127 35937 21127 3087 On Behalf of the Trustees Trustee I 15[¥ Trustse 2
CHURCH OF THE EPIPHANY PARISH OF UPPER MALONE Statement of Assets and Liabilities as at 31 December 2025 Note Unrestrlcted Funds 2025 Restrlcted Funds 2025 Endowment . Funds 2025 Total 2025 Total 2024 Cash Funds Bank Accounts Total Cash Funds 10981 10981 3087 3087 14068 14068 21127 Z1127 Investment Assets Rectory Total Investment Assets 27501J) 2750(M) 275000 275000 2751X)O 275000 Gift Aid Debtors-Total 5278 5278 5278 5278 4620 4620 Accountancy services Payroll services Independent Examiner PAYE/NIC Creditor5- Total 382 120 300 2336 3138 382 120 300 2336 313 3C 2280 3288 Restricted funds Restricted funds are monies which have been 8lven to the charity forthe express purpose of the rnaintenance of the buildings. Further details can be found in note 3. On Behalf of the Trustees Trustee I Trustee 2 a- E£US
CHURCH OF THE EPIPHANY PARISH OF UPPER MALONE Notes to the financial statements for the year ended 31 December 2025
1. Accounting policies
Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities
(a) Receipts and Payments Account
All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis.
(b) Statement of Assets and Liabilities
(i) Assets retained for the Parish’s own use
The assets of the Parish, retained for its own use comprise of: -
-
Church Building
-
Church Hall
The Church Building are deemed to be Heritage assets as defined by the Charities SORP (FRS102). These Heritage assets are not included in the statement of assets and liabilities as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish.
The Church Hall is physically attached and on the same grounds as the Church Building, as such is not separable as an individual asset. Therefore, it is deemed to be a Heritage asset and no value is ascribed to it in the statement of assets and liabilities.
ii) Investment property
The Rectory, which is currently rented out, is recognised at a current value of around £275,000. Depreciation is not provided on investment property measured at fair value.
2. Reconciliation of Cash Funds
| Reconciliation of Cash Funds | |
|---|---|
| £ | |
| Total Cash Funds at Beginning of the Year | 21,127 |
| Receipts for the Year | 76,269 |
| Payments for the Year | (83,328) |
| ------------ | |
| Total Cash Funds at End of the Year | 14,068 |
| ------------ |
3. Movements in Funds
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Restricted Funds At 1 [st] Jan Incoming Outgoing Transfer to At 31 [st] Dec
2025 Resources Resources 2025
£ £ £ Unrestricted £
funds
£
Fabric Fund 2282 805 - - 3087
Collections for 3 [rd] Party Charities - 960 960 - -
Total Funds 2282 1765 960 - 3087
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Purposes of Restricted Funds
-
Income for the Fabric Fund is to be used for expenditure on buildings.
-
Church Collections for various 3[rd] party charities as detailed in notes 4 and 5.
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CHURCH OF THE EPIPHANY PARISH OF UPPER MALONE
Notes to the financial statements for the year ended 31 December 2025 (continued)
4. Collections for Third Parties
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Charity Donations Donations
received received
2025 2024
£ £
CMSI 400 431
Christian Aid 335 245
NI Hospice 75 -
Salvation Army 75 -
Alzheimer’s Society 75 -
Total Donations 960 676
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5. Charitable Donations
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Charity Donations Donations
made made
2025 2024
£ £
CMSI 400 450
Christian Aid 335 245
NI Hospice 75 -
Salvation Army 75 -
Alzheimer’s Society 75 -
Total Amount Donated 960 695
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6. Transactions with the Trustees
The Rector was paid a stipend of £40,295 (2024 - £39,504), locomotory expenses of £7,000 (2024 - £7,000) and office allowance of £925 (2024 - £925). The Parish also paid the employer’s and employee’s contribution to the Church of Ireland’s centrally administrated Pension fund of £10,447 (2024 - £10,242). The rector is also provided with free accommodation in order to fulfil her responsibilities.
55% of the costs of the rector are paid by St. Polycarp’s, the parish with which we are grouped.
No other trustee or person related to a trustee received remuneration, benefits or reimbursement of expenses nor had any personal interest in any contract or transaction entered into by the charity during the year.
7. Governance costs
Governance costs of £300 (2024 - £300) were paid during the year in respect of fees to the independent examiner. Independent examiner’s fees for 2025 will amount to £300 (2024 - £300).
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