2025-12-31-accounts - Dundonald/Ballybeen/St Mary/Down & Dromore/Church of Ireland

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St Mary’s Parish Church, Ballybeen

Statement of Financial Activities

Year ended 31 December 2025

Year ended 31 December 2025
	Unrestricted funds	Restricted income funds	Total funds	Prior year funds
	£	£	£	£
Incoming resources (Note 2)
Income and endowments from:
Donations and legacies	275,988	17,608	293,596	273,816
Charitable activities	-	-	-	-
Other trading activities	1,426	-	1,426	2,163
Investments	925	-	925	738
Total income	278,339	17,608	295,947	276,717

Resources expended (Note 3)
Expenditure on:
Raising funds				333
Charitable activities	285,009	24,579	309,588	194,304
Other	70		70	1,513
Total expenditure	285,079	24,579	309,658	196,149

Net Income	(6,739)	(6,971)	(13,711)	80,567

Transfers between funds

Net movement in funds	(6,739)	(6,971)	(13,711)	80,567

Reconciliation of funds:
Total funds brought forward	(53,494)	75,032	21,538	(59,030)

Total funds carried forward	(60,233)	68,060	7,827	21,538

All income and expenditure derive from continuing activities.

St Mary’s Parish Church, Ballybeen

Balance Sheet

As at 31 December 2025

	Unrestricted funds	Restricted income funds	Total this year	Total last year
	£	£	£	£
Fixed Assets
Tangible Assets	60,000	0	60,000	60,000
*Total fixed assets*	60,000	0	60,000	60,000

Current assets
Debtors	6,284	725	7,009
Cash at bank and in hand	(123,404)	67,335	(56,069)	(38,638)
*Total current assets*	(117,119)	68,060	(49,059)	(38,638)

Creditors: amounts falling due within one year (Note 5)	3,114		3,114	(176)

*Net current assets/(liabilities)*	(120,233)	68,060	(52,173)	(38,462)

*Total net assets or liabilities*	(60,233)	68,060	7,827	21,538


Funds of the Charity
Restricted funds		68,060	68,060	75,032
Unrestricted funds	(60,233)		(60,233)	(53,494)
*Total funds*	(60,233)	68,060	7,827	21,538

The financial statements were approved and authorised for issue by the Select Vestry on 26 February 2026.

Signature	Print Name
	Jim Cheshire
	David Manning

St Mary’s Parish Church, Ballybeen

Notes to the financial statements

Note 1: Summary of significant accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) General information and basis of preparation

St Mary’s Church Parish Church, Ballybeen is a charity and is part of the registered charity, Dundonald/Ballybeen/St Mary/Down & Dromore/Church Of Ireland which registered with The Charity Commission for Northern Ireland on 20[th] February 2015. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are the advancement of religion.

Dundonald/Ballybeen/St Mary/Down & Dromore/Church of Ireland, a charitable trust is constituted under a trust deed dated 20[th] February 2015.

Dundonald/Ballybeen/St Mary/Down & Dromore/Church Of Ireland constitutes a public benefit entity as defined by FRS 102.

Statement of Compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act (Northern Ireland) 2008, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and UK Generally Accepted Practice as it applies from 1 January 2015.

The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

b) Basis of financial statements

As the total income of the congregation is greater than £250,000 the Trustees have prepared its accounts on an income and expenditure basis in accordance with the provisions in The Charities (Accounts and Reports Regulations (Northern Ireland) 2015. In 2024 the accounts were prepared on a receipts and payments basis.

c) Preparation of accounts on a going concern basis

The Parish generally meets its day to day working capital requirements from its annual income. The Trustees have obtained and reviewed cash flow forecasts for the coming year and based on these are satisfied that the Parish has resources to provide a reasonable expectation that it can continue to meet its financial obligations as they fall due for the foreseeable future. Therefore, these financial statements have been prepared on a going concern basis.

St Mary’s Parish Church, Ballybeen

Notes to the financial statements (continued)

d) Tangible assets

The assets of the Parish comprise:-

Church Building and Grounds
Parish Hall
Rectory

The Church Building and Grounds are deemed to be Heritage assets as defined by the Charities SORP (FRS102). These Heritage assets are not included on the balance sheet 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 Parish Hall is attached to the Church building. As a result, this building is not recognised in the parish balance sheet

The Rectory is recognised at its original cost. No depreciation has been provided on the properties as the current estimated residual value is not less than it’s carrying value and the remaining useful life currently exceeds 50 years.

e) Funds

Funds are classified as either restricted funds or unrestricted funds, defined as follows.

Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the Parish.

Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income there from is used for the purpose defined in accordance with the objects of the Parish.

Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees’ discretion to apply the fund.

f) Critical accounting judgements and estimation uncertainty

Estimates and judgments made in the process of preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Trustees do not consider that there are any critical judgments made in applying the Parish’s accounting policies or that there are any critical accounting estimates or assumptions which may have a significant risk of causing a material adjustment to carrying amounts of assets and liabilities within the next financial year.

St Mary’s Parish Church, Ballybeen

Note 2: Analysis of Income

	Thisyear	Thisyear	Thisyear	Lastyear	Lastyear	Lastyear
Analysis	Unrestricted	Restricted	Total funds	Unrestricted	Restricted	Total funds

Donations and legacies:	-	-	-	-	-	-
Cash Collections	5,219	-	5,219	4,965	-	4,965
Donations(General)	16,165	19	16,184	26,625	20	26,644
Donations - earmarked	16,580	-	16,580	4,350	403	4,753
Gift Aid Claimed	39,880	729	40,609	36,094	420	36,514
Grants - Non Recurring	800	292	1,092	1,499	15,000	16,499
Grants – Recurring	19,108	12,500	31,608	15,955	-	15,955
Legacies	4,000	-	4,000	-	-	-
MembershipSubscriptions Equivale	5,377	-	5,377	6,154	-	6,154
Recordedgiving- Direct bank transf	e 111,098	1,570	112,668	105,083	20	105,103
Recordedgiving- Envelopes	57,761	-	57,761	53,182	-	53,182
Special Collections(for others)	-	2,498	2,498	78	3,969	4,047
Total donations and legacies:	275,988	17,608	293,596	253,984	19,832	273,816

Other trading activities:
Other Fund-raisingEvents incl. use of ha	1,426	-	1,426	2,163	-	2,163

Total other trading activities:	1,426	-	1,426	2,163	-	2,163

Income from investments:
Interest Received	925	-	925	738	-	738

Total income from investments:	925	-	925	738	-	738

TOTAL INCOME	278,339	17,608	295,947	256,885	19,832	276,717

St Mary’s Parish Church, Ballybeen

Note 3: Analysis of Expenditure

	Thisyear	Thisyear	Thisyear	Lastyear	Lastyear	Lastyear
	Unrestricted funds	Restricted income funds	Total funds	Unrestricted funds	Restricted income funds	Total funds

Expenditure on raising funds:	-	-	-	-	-	-
Costs of Fetes, Bazaar, Other Fund-raisingEvents	-	-	-	333	-	333
	-	-	-	-	-	-
Total expenditure on raising funds	-	-	-	333	-	333

Expenditure on charitable activities:	-	-	-	-	-	-
Charity Management & Administration	11,706	-	11,706	15,081	-	15,081
CharityRunningCosts	74,259	292	74,551	64,023	974	64,997
Cost of Services	2,836	-	2,836	3,539	-	3,539
Diocesan Quota	11,172	-	11,172	11,232	-	11,232
Employee Costs	84,951	7,567	92,518	71,062	-	71,062
Grants -gifted to others	16,980	1,720	18,700	15,926	4,800	20,726
Mission and Evangelism	8,594	-	8,594	4,805	535	5,340
New BuildingWorks	74,040	15,000	89,040	2,328	-	2,328
TrainingCourses	470	-	470	-	-	-
Total charitable activities	285,009	24,579	309,588	187,994	6,309	194,304

Other	70	-	70	1,513	-	1,513
Total other expenditure	70	-	70	1,513	-	1,513

TOTAL EXPENDITURE	285,079	24,579	309,658	189,840	6,309	196,149

St Mary’s Parish Church, Ballybeen is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities.

St Mary’s Parish Church, Ballybeen

Note 4: Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Salaries and wages Total	2025 £ 92,518 92,518	2024 £ 71,062
		71,062

The average number of employees during the year, calculated on the basis of a head count, was as follows:

Ministerial staff Administration Parish evangelist Ministry Intern	2025 Number 2 1 1 1 4	2024 Number 1 1 1
		3

There are no employees in receipt of employee benefits in excess of £60,000

Key Management and Trustees

Key management are deemed to comprise the Trustees. The Parish did not pay any expenses relating the running costs of the Rectory (apart from rates) which is occupied by the rector. One trustee, the Rector, received remuneration during the year.

For the year 2025 the values approved by General Synod and implemented by the Select Vestry of St Mary’s Parish Church, Ballybeen for the financial year was

	Rector
Stipend	£40,434
Locomotory Expenses	£3,485
Expenses of Office Allowance	£800
Mileage expenses	£3,515
Pension contribution	£7,089

The trustees have contributed a total of £63,893 to St Mary’s Parish Church, Ballybeen in 2025 (2024: £70,936).

St Mary’s Parish Church, Ballybeen

Note 5: Creditors and accruals

5.1 Analysis of creditors
	Amounts falling due within oneyear		Amounts falling due after more than oneyear
	This year	Last year	This year	Last year
	£	£	£	£
Accruals and deferred income	1,538	-	-	-
Accruals for grants payable	-	-	-	-
Trade creditors	1,399	-	-	-
Amounts owed to group and associated undertakings	-	-	-	-
Taxation and social security	177	24	-	-
Other creditors	-	- 200	-	-
Payments received on account for contracts or grants with performance related conditions	-	-	-	-
Total	3,114	- 176	-	-

The charity prepared its accounts on an income and expenditure basis in accordance with the provisions in The Charities (Accounts and Reports Regulations (Northern Ireland) 2015. In 2024 the accounts were prepared on a receipts and payments basis.

5.2 Bank loans and overdrafts

	Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
	This year	Last year	This year	Last year
	£	£	£	£
Bank loans and overdrafts	22,000	22,000	68,500	91,004

The charity has obtained a 15 year unsecured loan from Ulster Bank in order to fund Church building renovations

Note 6: Going concern

At the balance sheet date, the charity had net assets of £7,827 (2024: net liabilities of £21,358). The deficit on the Unrestricted reserves at the year end was £60,233 (2024: £53,494).

The charity continues to pay off an unsecured loan from Ulster Bank. The total amount due at the year end was £89,2527 (2024: £113,004).

The Trustees have reviewed its cash flow forecasts and are satisfied that the charity will be able to continue to meet the loan repayments in the foreseeable future. As a result, the Trustees believe that the charity continues to meet the criteria to be treated as a going concern.