DONAGHADEE PARISH CHURCH
Charity Number: NIC 102612
Statement of Receipts and Payments and Assets and Liabilities
Year Ending 31 December 2025
The Trustees present the Statements of Receipts and Payments and Assets and Liabilities for Donaghadee Parish Church for the year ended 31 December 2025.
Principal Officer – bearers
Clergy: Rev Ian R. Gamble Church Treasurer: Mrs Heather Heaney Church Warden – Clergy Mrs Lorna Thrush Church Warden – People Mrs Amanda Humphreys
Bankers
Danske Bank 35 High Street Newtownards BT23 7HS
Financial Review
During the year ending 31 December 2025 income decreased from £178,453 in 2024 to £168,923. This was a small fall from the modest increase seen the year before. The inflationary pressures seen in 2024 continued apace and church and glebe running costs were notably affected. Nevertheless, overall funds increased which is essential as future work on the fabric of the Church will be substantial. The Trustees continue to manage funds carefully with this future work clearly in mind.
Reserves
Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned or unexpected expenditure. The Parish regularly monitors its financial reserves, receipts and payments, planned activity and financial commitment. It aims to build its free reserves and unrestricted general funds. The appropriateness of the level of reserves will be monitored regularly and subject to review each year.
Going Concern
The Trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate funds in place to ensure that the Parish can continue its activities and the financial statements for the year ended 31 December 2025 can be signed off as a going concern.
Receipts and Payments Accounts for the year ended 31[st] December 2025
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Unrestricted Restricted Endowment Totals Totals
Funds Funds Funds
2025 2025 2025 2025 2024
£ £ £ £ £
Receipts
Donations and 105,047 26,498 131,545 144,544
plate collections
Fund Raising 19,411 19,411 17,242
Events
Legacies 0 0 0 0
Bank & Deposit 2,907 2,907 3,113
Interest
Rental of Note 7,656 7,656 6,960
Premises 3
Insurance claim - 0 0 0
windows
Other receipts 5,982 558 6,540 5,945
Receipts from 864 864 650
Parish
Organisations
TOTAL RECEIPTS 105,047 63,317 558 168,923 178,453
Unrestricted Restricted Endowment Totals Totals
Funds Funds Funds
2025 2025 2025 2025 2024
£ £ £ £ £
Wages & Salaries 73,595 73,595 82,368
Diocesan Cost/ 11,017 11,017 10,937
Assessment
Church Running 15,125 15,125 24,124
Costs
Glebe Costs 14,711 14,711 2,200
Parish Centre 22,482 22,482 23,464
Costs
Administration 10,964 10,964 10,989
Loan Repayments 0 0 0
Charitable 11,853 11,853 10,344
Donations
Bank Charges 234 234 241
TOTAL 159,980 159,980 164,666
PAYMENTS
Excess of Receipts 105,047 -96,663 558 8,943 13,787
over Payments
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Notes forming part of the financial statements for the year ending 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 Statement of Assets and Liabilities.
(a) Receipts and Payments Account
All items of income and expenditure included in the Receipts and Payments account have been accounted for on a cash receipts basis.
(b) Statement of Assets and Liabilities
The assets of the Parish, retained for its own use comprise:
Church Building and Graveyard £ 0 Rectory £135,000 Church Hall £0 Curatage £95,000
The Church Building and Graveyard are deemed to be Heritage Assets as defined by the Charities Statement of Recommended Practice (SORP) (FRS102). These Heritage Assets are not included in the Statement of Assets and Liabilities and information on the costs 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 was built in 1990. There are insufficient records of the costs of construction and valuation approach for such a building lacks reliability. As a result, the building is not recognised in the Parish Statement of Assets and Liabilities.
The Rectory and Curatage are recognised at their deemed cost being the valuation placed on them for local tax purposes.
2. Reconciliation of Cash Funds
Total Cash Funds at Beginning of Year £227,950 Receipts for the Year £168,923 Payments for the Year £159,980 Total Cash Funds at end of the Year £236,892
3. Rental of Premises
Income from letting of the Curatage (£7,656) was applied to the General Fabric Fund for the maintenance of Parish premises and property.