## **MOUNT MERRION PARISH CHURCH** ## **Statement of Receipts and Payments - Year ended 31 December 2025** |**Receipts**
Offerings and Donations including
Gift Aid Refunds
Grants
Programme Income
Rental - Hire of Church Hall
Proceeds from Fund Raising Events
Bank /investment Income
**Total Receipts**
**Payments**
Salary Costs Note 4
Diocesan Levy
Church & Hall Running Costs
Church & Hall Repairs and
Refurbishment
Rectory Costs
Programme costs
Support Costs (inc. Equipment/IT)
Mission and Charitable Donations
Fund Raising Costs
Bank Fees / Other Payments
**Total Payments**
**Excess/(Deficit) of Receipts to**
**Payments for the year**|**Unrestricted/**
**Designated**
**Restricted**
**Endowment**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**2025**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
**£**
100,740
58,453
-
159,193
125,826
-
-
-
-
7,500
488
-
-
488
1,115
924
-
-
924
1,441
1,156
-
-
1,156
1,940
158
-
-
158
131|**Unrestricted/**
**Designated**
**Restricted**
**Endowment**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**2025**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
**£**
100,740
58,453
-
159,193
125,826
-
-
-
-
7,500
488
-
-
488
1,115
924
-
-
924
1,441
1,156
-
-
1,156
1,940
158
-
-
158
131|**Unrestricted/**
**Designated**
**Restricted**
**Endowment**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**2025**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
**£**
100,740
58,453
-
159,193
125,826
-
-
-
-
7,500
488
-
-
488
1,115
924
-
-
924
1,441
1,156
-
-
1,156
1,940
158
-
-
158
131|**Unrestricted/**
**Designated**
**Restricted**
**Endowment**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**Funds**
**2025**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
**£**
100,740
58,453
-
159,193
125,826
-
-
-
-
7,500
488
-
-
488
1,115
924
-
-
924
1,441
1,156
-
-
1,156
1,940
158
-
-
158
131| |---|---|---|---|---| |||**103,466**|**58,453**|**-**
**161,919**
**137,953**| |||52,160
7,536
8,548
2,243
5,699
6,092
2,220
3,009
325
210|8,648
-
-
5,487
-
200
-
-
-
-|-
60,808
62,628
-
7,536
6,900
-
8,548
12,252
-
7,730
8,568
-
5,699
2,239
-
6,292
5,759
-
2,220
1,770
-
3,009
2,700
-
325
467
-
210
192| |||**88,042**|**14,335**|**-**
**102,377**
**103,475**| |||**15,424**|**44,118**|**-**
**59,542**
**34,478**| Belfast: Mount Merrion/The Church of The Pentecost/ Down & Dromore / Church of Ireland **-** NIC102093 15 ## **MOUNT MERRION PARISH CHURCH** ## **Statement of Assets and Liabilities as at 31 December 2025** ||**Unrestricted/**||||| |---|---|---|---|---|---| ||**Designated**|**Restricted**|**Endowment**|**Total**|**Total**| ||**Funds**|**Funds**|**Funds**|**Funds**|**Funds**| ||**2025**|**2025**|**2025**|**2025**|**2024**| ||**£**|**£**|**£**|**£**|**£**| |**Cash Funds (Note 2)**|||||| |Current Account/Cash|59,628|68,194|-|127,822|68,280| |**Total Cash Funds**|**59,628**|**68,194**|**-**|**127,822**|**68,280**| |||||**Value**|**Value**| |||||**2025**|**2024**| |**Investment Assets (Note 1)**||||**£**|**£**| |CIT Unit Trusts|-|-|-|212|208| |**Total Investment Assets**|**-**|**-**|**-**|**212**|**208**| |||||**Value**|**Value**| |||||**2025**|**2024**| |**Assets retained for Parish's own use(Note 1)**||||**£**|**£**| |Church/ Memorial Garden|Heritage Asset|||-|-| |Church Hall|Heritage Asset|||-|-| |Rectory|Deemed Cost|||190,000|190,000| |Fixtures & Fittings|Cost|||4,584|-| |||||**194,584**|**190,000**| ## **Signed on behalf of the Trustees:** **Date:** 18 March 2026 Belfast: Mount Merrion/The Church of The Pentecost/ Down & Dromore / Church of Ireland **-** NIC102093 16 ## **MOUNT MERRION PARISH CHURCH** ## **Notes to the Financial Statements - 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 Statement of Receipts and Payments and the Statement of Assets and Liabilities. ## _(a) Statement of Receipts and Payments_ All items of income and expenditure included within the Statement of Receipts and Payments have been accounted for on a cash receipts basis. ## _(b) Statement of Assets and Liabilities._ The comprise:- Church Building and Memorial Garden. - Church Hall - Rectory - Fixtures and Fittings Charities SORP (FRS102). No value is included on 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. Church artefacts are also The Church Hall is attached to the Church and is not separable as an individual asset. As such it is also deemed to be a Heritage asset and no value is ascribed to it on the Statement of Assets and Liabilities. The Rectory (the title of which is vested in the RCB) is situated adjoining the Church grounds. It is depreciation has been prov value, it is well maintained in good repair and remaining useful life is expected to exceed 50 years. Fixtures and fittings, office equipment and other assets are fully accounted for in the year of acquisition through the Statement of Receipts and Payments. The Trustees have determined that only individual / group items exceeding a cost of £3,000 will be shown in the Statement of Assets and Liabilities. These are initially recognised at cost and depreciated on a straight-line basis over a period of 5 years. The **Investment Assets** comprise CIT Unit Trusts. These are initially recorded at cost and then subsequently stated at fair value at each year end date. Belfast: Mount Merrion/The Church of The Pentecost/ Down & Dromore / Church of Ireland **-** NIC102093 17 ## **2. Reconciliation of Cash Funds.** |Total Cash Funds at 1 January
Receipts for year
Payments for year
**Total Cash Funds at 31 December**|**2025**
**2024**
**£**
**£**
68,280
33,802
161,919
137,953
(102,377)
(103,475)
**127,822**
**68,280**| |---|---| ## **3. Movement of Funds** **----- Start of picture text -----**
At 1 Jan Incoming (Outgoing Transfers At 31 Dec
2025 Resources Resources) 2025
£ £ £ £ £
Endowment Funds -
Steadman Bequest - - - - -
Restricted Funds
Hinchley Trust Grant - 5,784 - (5,784) - -
RES
Fitness Hub Grants- RES 255 - - - 255
- -
Outreach Sundry Grants 3,065 (3,065)
and Donations RES
-
Building Fund - RES 14,972 58,453 (5,486) 67,939
TOTAL Restricted 24,076 58,453 (14,335) 68,194
Designated and
Unrestricted Funds
Outreach Fund DES 6,453 7,237 (4,423) 3,000 12,267
Music Fund DES 1,172 - (1,172) - -
Building Fund DES 14,058 1,556 - - 15,614
General Fund 22,521 94,673 (82,447) (3,000) 31,747
TOTAL Designated and 44,204 103,466 (88,042) - 59,628
Unrestricted Funds
TOTAL FUNDS 68,280 161,919 (102,377) - 127,822
**----- End of picture text -----**
Belfast: Mount Merrion/The Church of The Pentecost/ Down & Dromore / Church of Ireland **-** NIC102093 18 ## Purpose of Endowment Fund - Income from the Edward Steadman Bequest is to be used for the upkeep of the Church. ## Purpose of Restricted Funds These are funds restricted to the specific purpose for which the funds are given. - _Hinchley Trust._ This fund receives restricted grants from the Hinchley Trust to be used as specified on outreach work in the Parish. The grant spent in 2025 was towards the employment of the Children and Families Worker - _Fitness Hub._ This fund receives restricted grants towards the costs of the Fitness Hub equipment, running costs etc. - _Outreach Sundry Grants and Donations._ This fund receives restricted grants and donations to be used as specified on community outreach projects. - _Building Fund._ This fund receives restricted grants and donations towards the costs of specified building projects ## Purpose of Designated Funds - _Designated Outreach Funds (various)_ . These funds include grants and donations (with a broad rather than specific purpose) to be used for outreach purposes and other monies set aside by the Trustees to assist meeting the costs of outreach projects. - _Designated Music Fund_ . This fund receives donations to be used for music and worship activities. - _Designated Building Fund._ This fund includes grants and donations (with a broad rather than specific purpose) to be used for building-related purposes. ## Unrestricted Funds - General Fund. This fund is made up of all income on which there is no restriction and is available to cover the running costs and upkeep of the Church. Belfast: Mount Merrion/The Church of The Pentecost/ Down & Dromore / Church of Ireland **-** NIC102093 19 ## **4. Transactions with Trustees.** The Parish paid expenses of £5,699 (2024 - £2,239) relating to the running costs of the Rectory which is occupied by the incumbent. This covers rates and repairs / maintenance and in 2025 included expenses of £4,511 on the rectory fencing, garden and garage repairs. Payments made during the year by the Parish either to or on behalf of the incumbent during 2025 amounted in total to £52,229 (2024 - £ 51,692 ) being in respect of Salary cost, NIC costs, Locomotory expenses, Pension cost and Office Allowance (paid in accordance with stipend figures approved annually by the General Synod of the Church of Ireland and Locomotory expenses, Office Allowance and Pension contributions made in accordance with approved rates issued by R.C.B). The only other payments made to any Trustee are in respect of re-imbursement of small expense items paid by them to third parties on behalf of the Church. These are immaterial in value and of no direct benefit to the Trustees. ## **5. Collections for Third Parties** |||**2025**|**2024**| |---|---|---|---| |||**£**|**£**| |4|Peaks
Team Dot|-|2,866| |4|Peaks
NI Hospice|-|2,866| Belfast: Mount Merrion/The Church of The Pentecost/ Down & Dromore / Church of Ireland **-** NIC102093 20