Parish of Ballyphilip and Ardquin (NIC 102622) Annual report, 2025
| RECEIPTSAND PAYMENTSACCOUNT | RECEIPTSAND PAYMENTSACCOUNT | FOR THEYEAR ENDED | FOR THEYEAR ENDED | 31.12.2025 | |
|---|---|---|---|---|---|
| coe eet | nese | endowment | Total2025 | ‘Total2024 | |
| Receipts | |||||
| Freewill offerings, etc. Fundraising income Rents& hiring fees Investmentincome Rector’s disc. fund |
30,042 - 14,838 8,098 24 |
11,232 2,515 - 5,946 8 |
- . - - - |
41,274 2,515 14,838 14,044 32 |
39,520 2,926 12,641 12,882 53 |
| GiftAid recovered Bequests& legacies |
7,406 2,268 |
780 - |
- - |
8,185 2,268 |
6,524 - |
| Otherincome | 9,842 | 2,300 | - | 12,142 | 20,728 |
| Total receipts | 71,517 | 22,780 | - | 95,297 | 95,274 |
| Payments | |||||
| Stipend, salary, etc. | 39,597 | - | - | 39,597 | 38,220 |
| Diocesan assessment | 4,932 | - | - | 4,932 | 5,028 |
| Fundraising expenses | 93 | 95 | - | 188 | 235 |
| EPOSterminal | 200 | - | - | 200 | - |
| Church running costs | 23,558 | - | - | 23,558 | 5,514 |
| Parish Centre costs | 10,519 | - | - | 10,519 | 6,973 |
| Rectory& Hurst costs | 2,527 | - | - | 2,527 | 5,176 |
| Graveyards &grounds | 4,588 | - | - | 4,588 | 3,659 |
| Administration costs | 2,309 | - | - | 2,309 | 6,674 |
| Insurance premium | 4,289 | - | - | 4,289 | - |
| Charitable donations | - | 4,607 | - | 4,607 | 2,320 |
| Rector’s disc. fund | 287 | 8 | - | 295 | 260 |
| Bequests& legacies | 1,268 | - | - | 1,268 | - |
| Youth club expenses | - | - | - | - | 240 |
| Bank fees& interest | 2,726 | - | - | 2,726 | 2,724 |
| Transfer ofbalances | - | - | - | - | 5,703 |
| Total payments | 96,893 | 4,710 | - | 101,603 | 82,366 |
| Netincome/expenditure | -24,376 | 18,070 | - | -6,306 | 12,908 |
| Transfers in | 33,865 | 17,374 | 10,320 | 61,628 | 9,631 |
| Transfers out | -19,435 | -42,193 | - | -61,628 | -9,631 |
| Othergains/losses | 5,863" | - | 31,938 | 37,802 | 24 |
| Netmovement infunds | -4,083 | -6,680 | 42,258 | 31,495 | 12,932 |
| Broughtforward | -58,587 | 70,022 | 1,328,166 | 1,339,600 | 1,326,669 |
| Carriedforward | -62,670 | 63,342 | 1,370,424 | 1,371,096 | 1,339,600 |
| Signed on behalf ofthe trustees | |||||
| wl bt. AY NAA AB nnn(Rector) vlc BC. LOGLFA (Hon.Secretary) wen OHDODGEooccssssssssitsistisinsiutisuaiuppniipitiiiiitilsiesi Date |
Signed on behalf of the trustees
“This figure comprises a gain of £5,891 and ajournal entry of -£28. The gain has been misplaced and should have been in Endowment Funds. With the agreement of the independent examiner, the gain has been transferred from Unrestricted Funds to Endowment Funds and is included in Transfers Out and Transfers In for each of those funds.
6
Parish of Ballyphilip and Ardquin (NIC 102622) Annual report, 2025
STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31.12.2025
| U | trict nrestricted funds |
tri Restricted funds |
Endowment funds |
Total2025 | Total2024 | ||
|---|---|---|---|---|---|---|---|
| Cash funds | |||||||
| Petty cash | 79,606 | 79,606 | - | - | - | ||
| No.1account | -215,520 | -648,848 | 838,077 | -27,291 | -17,761 | ||
| No. 2 account | - | - | - | - | 782 | ||
| Savings account Total cash funds |
13,244 -123,671 |
-2,204 -731,658 |
- 838,077 |
11,040 -16,252 |
11,490 -5,489 |
||
| Investment assets | |||||||
| Parish investments Otherinvestments |
- - |
- - |
89,610 52,349 |
89,610 52,349 |
57,672 46,457 |
||
| RBGen UnitTrust (NI) | - | - | 263,829 | 263,829 | 259,401 | ||
| COITrustees | - | - | 21,559 | 21,559 | 21,559 | ||
| Total investmentassets | - | - | 427,347 | 427,347 | 385,089 | ||
| Retained assets | |||||||
| Land & property | 60,000 | 795,000 | 105,000 | 960,000 | 960,000 | ||
| Total retained assets | 60,000 | 795,000 | 105,000 | 960,000 | 960,000 | ||
| Total assets | -62,671 | 63,341 | 1,370,424 | 1,371,096 | 1,333,600 | ||
| Liabilities | |||||||
| Sundry creditors | - | - | - | - | = | ||
| Total liabilities | - | - | - | - | - | ||
| Assets less liabilities | -62,671 | 63,341 | 1,370,424 | 1,371,096 | 1,339,600 | ||
| Note: Revaluation ofparish | and | otherassets | assets is based on pricesfor 31.12.2025 quoted at | https://global.morningstar.com. | |||
| Signed on behalf ofthetrustees | |||||||
| wn dA. YAAK BARS,oni(Rector) veh 8 OOF BhdRt(Hon.Secretary) Se wae QYDODGE ccccssveiseistntuniuiuististiuteteieeusipiiiisibitititisitilsec Date |
Note: Revaluation of parish and other assets is based on prices for 31.12.2025 quoted at https://global.morningstar.com.
Signed on behalf of thetrustees
7
Parish of Ballyphilip and Ardquin (NIC 102622) Annual report, 2025
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31.12.2025 ACCOUNTING POLICIES
Set out below are the principal accounting policies 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 - properties, equities (ordinary shares), and 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.
The parish has retained the church buildings, graveyards, parish centre, rectory, and fixtures and fittings 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). They 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 of the accounts and to the parish.
The Ballyphilip Parish Centre has an insurance value of £795,000 and the rectory and the Margaret Hurst Dwelling (17 Ann Street) have rateable valuations of £87,500 and £77,500 respectively. The valuation of the parish properties is shown as an aggregated figure in the statement of assets and liabilities.
RECONCILIATION OF CASH FUNDS
| Retencasn account |
Retencasn account |
No.1account | No.2account | No.2account | Savings account |
Total | |
|---|---|---|---|---|---|---|---|
| Total cash funds, 01.01.2025 | - | -17,761 | 782 | 11,490 | -5,489 | ||
| Receiptsforthe year | 35,405 | 131,002 | 8,273 | 9,309 | 184,989 | ||
| Paymentsforthe year | 35,405 | 140,532 | 9,055 | 9,759 | 194,751 | ||
| Totalcashfunds,31.12.2025 | - | -27,291 | - | 11,040 | -16,252 | ||
| MOVEMENT IN FUNDS | |||||||
| Unrestricted | Balances 2024 |
Incoming resources |
Outgoing resources |
Traraters | . Salts |
Journal entries |
Balances 2025 |
| General Fund | -58,760 | 55,176 | 53,694 | -13,225 | 5,892 | -28 | -64,640 |
| Ardquin Fund | - | 82 | 2,992 | 914 | - | - | -1,996 |
| Ballyphilip Fund | - | - | 24,364 | 22,622 | - | - | -1,743 |
| Hall Fund | - | 9,116 | 11,763 | 3,142 | - | - | 495 |
| Hurst Dwelling | - | 6,270 | 1,094 | - | - | - | 5,176 |
| Rectory Fund | - | 1,724 | 2,618 | 895 | - | . | - |
| Rector’s Disc. Fund | 173 | 149 | 367 | 82 | - | . | 37 |
| Sub-total: Unrestricted | -58,587 | 77,517 | 96,893 | 14,430 | 5,892 | -28 | -62,670 |
| Restricted | |||||||
| Ardquin Fund | - | 390 | - | 72 | - | - | 462 |
| Building& Contingency Fund | 10,095 | 2,552 | - | -4,837 | - | - | 7,810 |
| Graveyard Fund | 4,433 | 1,864 | - | -1,700 | - | - | 4,597 |
| Hall Fund | - | 4,000 | - | 1,500 | - | - | 5,500 |
| Mission Fund | 815 | 3,653 | 4,710 | 1,125 | - | - | 883 |
| Youth Fund | - | 1,800 | - | -900 | - | - | 900 |
| StJames’sAppeal | 54,678 | 8,521 | - | -20,010 | - | - | 43,189 |
| Sub-total: Restricted | 70,022 | 22,780 | 4,710 | -24,750 | - | - | 63,342 |
| Endowment | |||||||
| Investment Fund | 368,166 | - | - | 10,320 | 31,939 | - | 410,424 |
| Property Fund | 960,000 | - | - | - | - | ~ | 960,000 |
| Sub-total: Endowment | 1,328,166 | - | - | 10,320 | 31,939 | - | 1,370,424 |
| Total | 1,339,600 | 95,297 | 101,603 | - | 37,830 | -28 | 1,371,096 |
==> picture [108 x 47] intentionally omitted <==
----- Start of picture text -----
MOVEMENT IN FUNDS
Unrestricted
----- End of picture text -----
8
Parish of Ballyphilip and Ardquin (NIC 102622) Annual report, 2025
PURPOSE OF FUNDS
The Unrestricted Funds are for managing day-to-day receipts and payments. The General Fund is for routine parish business. The Ardquin, Ballyphilip, Church Hall, Margaret Hurst Dwelling, and Rectory Funds record income from and expenditure on each property. The Rector’s Discretionary Fund provides gifts and comforts for elderly and deserving parishioners and townsfolk and is managed by the rector and church wardens.
The Restricted Funds are monies received for specific purposes. The Building and Contingency Fund is a reserve for programmed maintenance work and unanticipated expenditures on parish properties. The fund’s income is dividends from the RB General Unit Trust (NI) [Sale of glebe lands] and other donations. Monies are transferred to unrestricted funds as required. The Ardquin, Church Hall, Graveyard, Mission, Youth, and St James’s Appeal Funds hold donations, dividend, and endowment income which are received for these purposes. Monies are transferred to unrestricted funds as required.
The Endowment Funds (Investments Fund and Land and Property Fund) hold current valuations of parish investments and properties. CHARITABLE DISBURSEMENTS
==> picture [446 x 423] intentionally omitted <==
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Total|2025|Total|2024|
|Bishops’ Appeal|and|diocesan|appeals|
|Bicycles|for|Maridi|-|160|
|Maridi|Diocese|Family|Centre Appeal|160|-|
|Bishops’ Appeal|(Middle|East)|115|-|
|Sub-total:|Bishops’ Appeal and|diocesan|appeals|375|160|
|Rector’s|discretionary fund|
|Elderly|or deserving|parishioners|and townsfolk|342|255|
|Cuan|Ard|Residential|Home|5|=|
|Green|Isle|Residential|Home|—|5|
|Rough|Acres|Nursing Home|5|-|
|Royal|Victoria|Hospital,|Belfast|5|-|
|Strangford|Court|Nursing|Home|5|a|
|Sub-total:|Rector’s discretionary fund|367|260|
|Home|mission|
|The|Fishermen’s|Mission|(Registered|Charity 232822)|150|-|
|Youth|for|Christ|NI|(NIC|106072)|65|-|
|Sub-total:|Home|mission|215|-|
|World|mission|
|The|Mission|to|Seafarers|(Registered|Charity|1123613)|296|-|
|Sub-total:|World|mission|296|-|
|Other|developmental|agencies|
|Bangor|Foodbank|and Community Support|(NIC108533)|-|140|
|Children|of the|Nations|(NIC 101681)|2,052|-|
|Christian|Aid|(NIC|101631)|390|:|
|Eggshell|Cambodia|(NIC 106896)|600|600|
|Tearfund|(Registered|Charity 265464)|139|65|
|Sub-total:|World|mission|3,180|805|
|Secular|charities|
|Air Ambulance|NI|(NIC|103900)|210|500|
|Lymphoma|Action|(Registered|Charity|1068395)|-|45|
|Macmillan|Cancer|NI|(Registered|Charity 261017)|-|70|
|Shelterbox|(Registered|Charity|1096479)|-|475|
|Sub-total:|Secular charities|210|1,090|
----- End of picture text -----
9
Parish of Ballyphilip and Ardquin (NIC 102622) Annual report, 2025
| Remembrance | Total2025 | Total2024 |
|---|---|---|
| ArmyBenevolent Fund (Registered Charity 1146420) Beyondthe Battlefield (NIC 100198) BlindVeterans UK(Registered Charity216227) SSAFA (Registered Charity210760) StJohnand Red CrossDMWS(Registered Charity1087510) TheNotForgotten Association (RegisteredCharity 1150541) Sub-total:Remembrance |
- 110 110 110 - - 330 |
125 . - : 70 70 265 |
| Total | 4,974 | 2,580 |
Total
TRANSACTIONS WITH THE TRUSTEES
Trustees aged over seventy, like other parishioners of that age, received a small gift at Christmas from the Rector’s Discretionary Fund. No gift was worth more than £10. Trustees who received gifts donated them for redistribution.
The parish paid expenses of £1,292 relating to the maintenance of the rectory, which is occupied by the rector on licence. The expenses - £312 for statutory checks and £980 for grounds maintenance - were shared between the Parish of Greyabbey and Kircubbin (£775) and the Parish of Ballyphilip and Ardquin (£517). The payments were made with the express concurrence and prior authorisation of the trustees, who have examined them and are satisfied of their propriety.
No trustee received any remuneration during the year, other than Elizabeth Browne and Elaine McFeeters (£286 for Rector’s Discretionary Fund purchases) and Rosemarie Armstrong-Woodroffe (£170 for lay reader duties). The expenses were made with the express concurrence and prior authorisation of the trustees, who have examined them and are satisfied with their propriety.
No trustee or a person related to a trustee had any personal interest in any contract or transaction which the charity entered during the year ending 31.12.2025, other than Martin and Raymond Ellison (£12,400 for materials used in repairing the tower of St James’s Church, labour being provided as a freewill offering) and Johnny Reid (£1,860 for maintaining the Ballyphilip churchyard and the rectory grounds). The payments were made with the express concurrence and prior authorisation of the trustees, who have examined them and are satisfied with their propriety.
GOVERNANCE COSTS
Governance costs incurred during the year ending 31.12.2025 were the independent examiner’s fee of £860.
==> picture [440 x 83] intentionally omitted <==
----- Start of picture text -----
Signed on behalf of the trustees
cna ILA IAB inne (Rector)
wh D8 IVD ARE A (Hon. Secretary)
wn OY QE vsti pate
----- End of picture text -----
10