Parish of Ballyphilip and Ardquin
Tru5tees' annual reporL 2023
RECEIPTS AND PAYMENTSACCOUNT FOR THE YEAR ENDED 31.12.2023
Unrestricted
funds
Restricted
funds
Endowment
fijnds
Total 2023
Total 2022
Recei
Donations. etc.
Fund-raising income
Hurst Dwelling rent
Parish Centre fees
Investment income
Gift Aid recovered
Other income
Total receipts
30,268
672
8,973
4,822
39.241
5,494
28,663
1,472
3,225
6,815
14,111
5,365
331,534
391,185
7,022
13,760
8,552
2.410
62,684
18
313
765
14,073
9,317
2.410
77.575
14,891
Pa
ments
Wages & salaries
Diocesan assessment
Fundraising costs
Church runnin8 costs
Parish Centre costs
Rectory & Hurst costs
Graveyard & grounds
Administration costs
Charitable donations
Sunday School costs
Bank fees & interest
Sub-total
Loan repayment
Total payments
34,603
4,776
238
3,504
5,258
1,447
1,472
5.939
34.603
4,776
328
7.885
18.450
11.162
1,472
9,522
3,071
31,649
4,392
loo
2,632
8,293
3,733
1,331
6,191
2,390
72
2.908
63,691
59.296
122,986
90
4,351
13,192
9,715
3.583
3,071
2,472
59,709
2,472
93.711
30,419
3,583
59,709
30,419
3,583
93,711
Net income/expenditure
2,975
-15.528
-3.585
-16,136
268,199
Transfer
Transfers in
Transfers out
Net incomelexpenditure
6,663
-9,361
277
81,186
1,715
3,943
87,849
-87,849
-16,136
1,317,417
-1,317,417
268,198
-16,773
-20,356
Other
ains
Investment gains
Revaluation
ains
Net movement in funds
12,333
-253,961
26,571
277
3,943
-20,356
-16,136
Reconciliation
Brought forward
-58.988
53,269
1,348,522
1,342,803
1,316,233
Carried forward
-58,711
57.212
1.328.166
1.326.667
1.342.803
Signed on behalf of the trustees:
. {Rector}
.IHon. Sec￿tary)
. IDatel

Parish of gallyphilip and Ardquin
Trustees. annual report, 2023
STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31.12.2023
Unrestrirtp.d
funds
Designated Restricted
funds
funds
Endowment
funds
Total 2023
Total
2022
Cash funds
Petty cash
No. l account
No. 2 account
Saviigs account
Total cash funds
10.878
-32,860
-108,494
15.498
-115,978
-12.928
-3,308
45.031
2.050
-766.342
94.066
-9.731
-679,957
780,025
58,051
-23,485
-1,408
5,767
-19,126
-21,034
15,766
-61.267
838.076
-5,268
Investment assets
Parish investments
Other investments
RCB deposit account
RB Gen Unit Trust (Nll
Col Trustees
Total investment assets
57,672
46,457
57.672
46.457
57,672
46.457
3.585
259,401
21,559
388,674
259.401
21.559
385.089
259,401
21,559
385,089
Debtors
Gift Aid due
Sundry debtors
Accounts receivable
Total debtors
-2.297
-70
2,297
23
174
2.494
47
-222
-175
48
62
iio
-2,319
Retained assets
Parish Centre
Rectory
Hurst Dwelling
Glebe lands
Total retained assets
795,000
87,500
77,500
60,000
60,000
795.000
795,000
105.000
105.000
960,CH)Q
960,000
960,000
Liabilitie
Bank loans
Sundry creditors
Accounts payable
Total liabilities
-s27
994
-53
414
-62.188
746
62.715
-2,443
53
60,326
-703
713
-61.442
-703
713
Assets less liabilities
-58,711
57,212
1,328,165 1,326.667 1,342,803
Signed on behalf of the trustees:
. IRectorl
.IHon. Secretary)
Ir)atel
io

Parish of Ballyphilip and Ardqui
Trustee< annual reptsrt. 2023
NOTESTO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31.12.2023
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 statement of financial activities have been accounted for on a cash receipts ba515. 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 impairment.
RETAINED ASSETS
The parish has retained the church buildings, graveyards. and fixtures and fittin8S. the parish centre. the rectory.
and the Margaret Hurst Dwellin8 for its own use. The church buildings. graveyards. and fixtures and fittings are
deemed to be heritage assets as defined by the Charities SORP {FRS102) and are not included in the statement
of assets and liabilities because information on their cost or valuation is not available and cannot be obtained at
a cost commensurate with the benefit to the users ofthe accounts and to the parish. The parish centre is insured
for £795,000,. the rectory and the Hurst Dwelling have rateable valuations of £87,500 and £77,500 respectively.
RECONCILIATION OF CASH FUNDS
Petty cash No. l account No. 2 account
Savings
account
Total
Total cash funds, 01.01.2023
Receipts for the year
Payments for the year
Total cash funds, 31.12.2023
-21,034
109,013
-111,463
-23.485
15,766
58,475
-75,649
-1,408
-5,268
15,498
196,067
-9,731 -209,924
5,767
-19,126
13,081
-13,081
MOVEMENT IN FUNDS, 01.01.2023 TO 31.12.2023
Fund
balances
2022
-58,988
Fund
balance5
2023
-58,711
Incoming
resources
Outgolng
resources
Transfers
Unrestricted
General
62.684
-59,709
-2.698
Restrirted
Building
Graveyard
Mission
Youth
Other
St James's Appeal
50,665
5.274
1,455
2.079
-26.514
-18.554
10,871
4,OS9
1,019
817
-2,909
-250
-746
1,849
983
658
34.535
88
5,911
40,446
Endowment
Investment
Property
384.939
963,583
-16,773
368.166
960,000
-3,583
Total
1.340.803
77,575
-93,711
-1,326,667
COLLECTIONS FOR THIRD PARTIES
Total 2023 Total 2022
loo
loo
Air Ambulance Nl INIC 103900)
Ards First Responders INIC 1011651
8eyond the Battlefield INIC 1001981
8i5hops' Appeal INIC 101325}
Christian Aid INIC 1016311
Church of Ireland Youth Appeal
Eggshell Cambodia INIC 106896)
loo
550
80
50
600
70
600
li

Parish of Ballyphilip and Ardquin
Truste￿ annual report. 2023
Total 2023 Total 2022
125
50
125
50
45
720
100
Lymphoma Action {Registered charity 1068395)
Macmillan Cancer Nl {Registered charity 261017)
Nl Pancreatic Cancer INIC 1080481
Open Doors ICHY 201409841
Portaferry Methodist Church Roof Appeal
RNLI (Registered charity 2096031
55AFA IRegistered charity 2107601
Tearfund Nl IReBiStered charity 219279}
The Royal British Legion IRegistered charity 285908)
Water Aid (Registered charity 288701)
World Vision IRegistered charity 2859081
Youth for Christ Nl INIC 1060721
Total
425
155
443
70
250
2,679
2,080
TRANSACTIONS WITH THE TRUSTEES
No trustee received any remuneration or reimbursernent of expenses during the year, other than:
Elizabeth Browne: £157 for purchase of Brown's Charity gifts.
Rhoda Dorndorf: £115 for expenses with clearing and cleaning the Margaret Hurst Dwellin& £IS for
purchase of a Health and Safety notice, and £70 for purchase of Brown's Charity gifts.
Elaine McFeeters: £114 for purchase of Brown's Charity gifts and £8 for purchase of stationery.
Cecilia Stephens: £12 for church maintenance expenses.
The expenses were incurred with the express concurrence and prior authorisation of the trustees, who have
examined the reimbursements and is satisfied with their propriety.
No trustee or a person related to a trustee had any personal interest in any contratt or transartion entered into
by the charity during the year.
GOVERNANCE COSTS
Governance costs incurred during the year ending 31.12.2023 were the independent examinerfs fee of £768.
Signed on behalf of the trustees:
. (Rector)
.IHon. Secretary}
. IDate)
12