**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** 


**----- Start of picture text -----**<br>
Unrestricted  Restricted  Endowment Totals  Totals<br>Funds  Funds  Funds<br>2025  2025  2025  2025  2024<br>£  £  £  £  £<br>Receipts<br>Donations and  105,047 26,498 131,545 144,544<br>plate collections<br>Fund Raising  19,411 19,411 17,242<br>Events<br>Legacies  0 0 0 0<br>Bank & Deposit  2,907 2,907 3,113<br>Interest<br>Rental of  Note  7,656 7,656 6,960<br>Premises  3<br>Insurance claim - 0 0 0<br>windows<br>Other receipts  5,982 558 6,540 5,945<br>Receipts from  864 864 650<br>Parish<br>Organisations<br>TOTAL RECEIPTS  105,047 63,317  558  168,923  178,453<br>Unrestricted  Restricted  Endowment  Totals Totals<br>Funds Funds Funds<br>2025  2025  2025  2025  2024<br>£  £  £  £  £<br>Wages & Salaries  73,595 73,595 82,368<br>Diocesan Cost/  11,017 11,017 10,937<br>Assessment<br>Church Running  15,125 15,125 24,124<br>Costs<br>Glebe Costs  14,711 14,711 2,200<br>Parish Centre  22,482 22,482 23,464<br>Costs<br>Administration  10,964 10,964 10,989<br>Loan Repayments  0 0 0<br>Charitable  11,853 11,853 10,344<br>Donations<br>Bank Charges  234 234 241<br>TOTAL  159,980 159,980 164,666<br>PAYMENTS<br>Excess of Receipts  105,047 -96,663 558 8,943  13,787<br>over Payments<br>**----- End of picture text -----**<br>




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.