Parish of Ballyphilip and Ardquin Trustee< annual report for the year ended 31.12.2022 STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31.12.2022 Unrestrirted Designated Restrirted Endowment funds funds funds funds 2022 2021 Recei Freewill offerings Gift Aid recovered Fund-raising income Hurst Dwelling rent Parish Centre hiring fees Investment income Other receipts Total receipts 24.793 5,037 506 3.225 6,815 14,111 604 55.091 1,021 2,849 328 966 28,663 5,365 1,472 3,225 6.815 14,111 331.534 391,185 54.878 8.679 200 4,429 3,506 8.604 8,159 88,456 330,030 330,030 1,021 5,043 ments Staff costs Diocesan a55e55ment Fund raising costs Church running costs Parish Centre running costs Rectory & Hurst Dwelling costs Graveyard & grounds costs Administration costs Charitable donations 31,649 4.392 52 1,882 5,293 2,304 1,151 6,191 31,649 4,392 100 2,632 8,293 3,733 1,331 6,191 2,390 72 30.225 4,188 750 12,603 8,522 10,215 1,518 4548 1,429 1,464 Sunday School costs Bank fees 72 1,460 2,908 59,296 122,987 3,744 5.896 82,932 Loan repayment Total payments 59.296 62,173 55.320 5,494 Excess of Income -229 1,152 451 330,030 268,198 5,524 Transfers Transfers linl Transfers {out) Net income 120.447 1,196,482 1,317,417 -1,317,417 268,198 -1,317.417 59,295 -1,317,868 259 1,526,512 5,524 Other reco nised ains Gains on investments -19 12,352 -313,257 1,225,607 12,333 -253,961 26,570 26,506 Gains on revaluation 59.296 59,295 -1,258,572 Net movement in funds 240 32,030 Reconciliati Brought forward, 01.01.22 -59.228 -59,295 1,311,841 125,965 1,319,283 1,287,253 Carried forward, 31.12.22 -58.988 53,269 1,351,572 1,345,853 1,319,283 Signed on behalf of the trustees". - (Rector) Hon. Secretary) Date..
Parish of Ballyphilip and Ardquin Tru5teeg annual report for the year ended 31.12.2022 STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31.12.2022 Unrestricted funds Designated funds Restricted funds Endowment funds Total 2022 Total 2021 Cash funds Petty cash No. l account No. 2 account Total cash fund5 469 -27.598 -87,063 -115,130 -966 -3.234 -57,614 -61.814 1.435 787,CKIO 102,392 -683,173 796,798 58.051 854,849 -21,034 15,766 -5,268 -16,508 -1,753 -18.261 Investment assets Parish investments Other investments RCB deposit account RCB unit trust CIT Unit Trust Total investment assets 57,672 57,672 69.779 46,457 46,457 46,457 3,585 3,585 313,257 259.401 24,609 259,401 24,609 9,729 391,724 391,724 439,222 Debtors Gift Aid due Sundry debtors Accounts receivable Total debtors -1,570 -22 1,570 23 47 127 iio -222 174 62 1,226 -1,482 -175 1.767 iio 1,353 Retained assets Parish Centre Rectory Hurst Dwelling Glebe lands Total retained assets 795.OfM) 795,000 87,500 77,500 795,000 87,500 77.500 87.500 77,500 -60,000 60,QM)O 795,000 105,000 960,000 960,OC Liabilities Agency collections Bank loans Sundry creditors Accounts payable Total liabilities -527 2,189 62.716 60,022 2,956 200 -2,443 713 3,009 -53 53 2,376 -61,989 60,326 713 63,031 Assets less -58,988 -53,268 1,351,573 1,345,853 1,319,283 Signed on behalf of the trustees-. Date.........................
Parish of Ballyphilip and Ardquin Trusteeg annual report for the year ended 31.12.2022 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31.12.2022 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. All items of income and expenditure included within the receipts and payments account have been accounted for on a cash receipts basis. Fixed asset investments - investment properties, investments in equities (ordinary shares} and investments in RCB/CIT unit trusts - are stated at fair value at each year end date. Investments in unquoted investments are recorded at cost and are assessed annually for impaimient. RETAINED ASSETS Assets retained for the parish's own use are the church buildings and graveyard5, fixtures and fittings, the Ballyphilip Parish Centre, the rectory {4 Rectory Wood), and the Margaret Hurst Dwelling117 Anne Street). The church buildings. 8raveyards, and fixtu5 and fittings are deemed to be heritage assets as defined by the Charities SORP IFR51021. They are not included in the statement of assets and liabilitie5 because information on the cost or valuation is not available and cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish. The Ballyphilip Parish Centre is insured for £795,000 and rectory and the Margaret Hurst Dwellin8 have rateable valuations of £87,5(KJ and £77,500 respertively. RECONCILIATION OF CASH FUNDS Petty cash No. l account No. 2 account Total Total cash funds, 01.01.2022 Receipts for the year Payments for the year Total cash funds. 31.12.2022 -16,508 -1,753 -18.261 166 122,310 86,728 209,204 166 126,836 69,209 196,211 -21.034 15,766 -5,268 MOVEMENT IN FUNDS, 01.01.2022 TO 31.12.2022 Because of chan8es in legislation and re8ulatory proceduresand to improve transparencyand accountability, the select vestry has reduced the number of funds to an unrestricted General Fund, four restrirted purpose funds (Buildings Fund, Graveyard Fund, Mi55ion Fund, and Youth Fund) and two endowment funds Ilnvestment Fund and Property Fund). The closure of redundant funds and transfer of balances to the new funds are shown in the Movement in Funds table below. Fund balances 2021 Incoming resources Outgoing resources Fund balances 2022 Transfers Gains & losses Unrestricted General -59.228 55,090 55,320 -19 -58,988 Desi nated Ardquin loan -59.295 60,743 Restricted Ardquin maintenance Ballyphilip Buildings Contingency Glebe lands sale 695 32,373 775 1,494 -1.470 -33,867 50,665 657 -313,257 50,665 2,946 313,257 147 3,750 io
Parish of Ballyphilip and Ardquin Trustee annual report for the year ended 31.12.2022 Fund balances 2021 1.223 77.500 161 795,0(Kl 87,644 1.042 Incomin8 resour$ Outgoing resources Fund balances 2022 2,604 Transfers Gains & losses Graveyard Hurst Dwelling Mission Parish Centre Rectory & glebe Sunday School/Youth 1,661 -100 -77,500 295 -795,000 -87.166 -970 1.036 1.492 951 1.429 72 Endowment Glebe lands sale Investments Prope Total 313,257 16,774 -313.257 12,352 125,965 232.899 963,583 387,990 963,583 1,345,853 1.319,283 391.185 63,691 -300,924 COLLECTIONS FOR THIRD PARTIES 2022 100 100 550 2021 io AirAmbulance Nl Ards First Responders 8ishops' Appeal Christian Aid Church planting appeal Diocesan Lebanon appeal Eggshell Cambodia St Vincent de Paul Tearfund Nl The Royal British Legion World Vision Youth for Christ Nl Total 200 47 600 50 456 90 425 155 70 500 1,953 2,080 TRANSACTIONS WITH THE TRUSTEES No trustee received any remuneration or reimbursement of expenses durin8the year, otherthan: Elizabeth Browne: £58 for purchase of Brown's Charity gifts. Rhoda Dorndorf: £149 for purchase of electric heaters. Elaine McFeeters: £195 for purchase of Brown's Charity gtfts and £24 for postal expenses. Lorna Peacock: £72 for purchasing a coffee machine for the youth group. James Quinn: £21 paid to his daughterfor clearing and cleaning the Hurst Dwelling. Kathleen Smyth: £30 for purchase of Brown's Charity gifts. The expenses were incurred with the express concurrence of and with prior authorisation by the select vestry, which has examined the reimbursements and is satisfied with their propriety. No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year. li
Parish of Ballyphilip and Ardquin Trustees. annual report for the year ended 31.12.2022 GOVERNANCE COSTS Governance costs incurred during the year ending 31.12.2022 were the independent examinerfs fee of £768. Signed on behalf of the trustees: ..(Rector} Hon. Secretary) 12