PARISH OF ST. PAUL AND ST. BARNABAS
Receipts and Payments Account for the year ended 31 December 2024
| Receipts | Note | Unrestricted Funds 2024 £ |
Unrestricted Funds 2024 £ |
Restricted Funds 2024 £ |
Restricted Funds 2024 £ |
Total 2024 £ |
Total 2024 £ |
Total 2023 £ |
Total 2023 £ |
Total 2023 £ |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Envelopes | 31,856 | 2,570 | 34,426 | 37,007 | ||||||||||||
| StandingOrders | 3,170 | 490 | 3,660 | 3,650 | ||||||||||||
| Loose Collections | 769 | - | 769 | 1,051 | ||||||||||||
| Other Donations | 5 | 2,624 | 600 | 3,224 | 3,871 | |||||||||||
| Insurance Claim | 6 | 2,141 | - | 2,141 | - | |||||||||||
| RectoryRent | 7 | 5,100 | - | 5,100 | 10,200 | |||||||||||
| Investment Income | 9 | 545 | - | 545 | 283 | |||||||||||
| Gift Aid | 1 b(v) | - | - | - | 872 | |||||||||||
| Grant Funding | 10 | - | 66,080 | 66,080 | 13,317 | |||||||||||
| Power NI Refund | - | - | - | 600 | ||||||||||||
| Total Receipts | 46,205 | 69,740 | 115,945 | 70,851 | ||||||||||||
| Payments | ||||||||||||||||
| ClergyAccommodation | 7 | 10,400 | - | 10,400 | 10,200 | |||||||||||
| Priest-in-Charge Expenses | 8 | - | 2,080 | 2,080 | 2,080 | |||||||||||
| Diocesan Fees | 11 | 33,165 | 17,500 | 50,665 | 49,540 | |||||||||||
| Hope Counselling | 12 | - | 7,089 | 7,089 | 8,201 | |||||||||||
| Utilities & Rates | 13 | 8,107 | - | 8,107 | 8,931 | |||||||||||
| Maintenance | 14 | 12,123 | 13,565 | 25,688 | 8,452 | |||||||||||
| Buildings Insurance | 5,758 | - | 5,758 | 5,250 | ||||||||||||
| Cleaning | 3,554 | - | 3,554 | 4,814 | ||||||||||||
| Administration | 15 | 2,434 | - | 2,434 | 2,959 | |||||||||||
| Donations to Charity | 1(b) (vi) | - | 280 | 280 | 540 | |||||||||||
| SundaySchool | 481 | 237 | 718 | 1,229 | ||||||||||||
| Catering | 155 | 2,500 | 2,655 | 1,830 | ||||||||||||
| Music Ministry | 1,388 | - | 1,388 | 718 | ||||||||||||
| Audio-Visual | - | - | - | 4,490 | ||||||||||||
| VisitingPreachers | 200 | - | 200 | - | ||||||||||||
| Total Payments | 77,765 | 43,251 | 121,016 | 109,234 | ||||||||||||
| Excess of Payments over Receipts |
(31,560) | 26,489 | (5,071) | (38,383) | ||||||||||||
| Transfer between Funds | 26,250 | (26,250) | - | - | ||||||||||||
| OpeningBalance | 10,511 | 14,997 | 25,508 | 63,891 | ||||||||||||
| ClosingBalance | 5,200 | 15,236 | 20,436 | 25,508 |
Signed on behalf of the Trustees on 16[th] September 2025:
PARISH OF ST. PAUL & ST. BARNABAS
Statement of Assets and Liabilities at 31 December 2024
| Note | Unrestricted Funds 2024 £ |
Unrestricted Funds 2024 £ |
Unrestricted Funds 2024 £ |
Restricted Funds 2024 £ |
Restricted Funds 2024 £ |
Restricted Funds 2024 £ |
Restricted Funds 2024 £ |
Total 2024 £ |
Total 2024 £ |
Total 2024 £ |
Total 2024 £ |
Total 2023 £ |
Total 2023 £ |
Total 2023 £ |
Total 2023 £ |
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Funds | ||||||||||||||||
| Current Account | 1(b) (ii) | 5,200 | 11,041 | 16,241 | 14,307 | |||||||||||
| Regeneration Account | 1(b) (ii) | - | 4,195 | 4,195 | 11,201 | |||||||||||
| Total Cash Funds | 5,200 | 15,236 | 20,436 | 25,508 | ||||||||||||
| Investment assets | ||||||||||||||||
| Rectory | 1(b) (iii) | - | 253,000 | 253,000 | 250,000 | |||||||||||
| Investments in RCB/CIT Unit Trusts | 1(b) (iii) | 10,416 | - | 10,416 | 10,192 | |||||||||||
| Total investment assets | 10,416 | 253,000 | 263,416 | 260,192 | ||||||||||||
| Debtors | ||||||||||||||||
| Diocese of Connor CuracyGrant | 1(b) (iv) | 7,500 | 7,500 | - | ||||||||||||
| St James’ Endowment Fund | - | - | - | 52,000 | ||||||||||||
| Deposit for ClergyAccommodation | - | 1,700 | 1,700 | 1,700 | ||||||||||||
| Tax Relief on Gift Aided Donations | 1(b) (v) | 16,000 | 1,500 | 17,500 | 13,518 | |||||||||||
| Total Receivable | 16,000 | 10,700 | 26,700 | 67,218 | ||||||||||||
| Creditors | ||||||||||||||||
| Crosslinks | - | 166 | 166 | 116 | ||||||||||||
| The LeprosyMission | - | 100 | 100 | 100 | ||||||||||||
| NI Children’s Hospice | - | 100 | 100 | 100 | ||||||||||||
| The Mission of Seafarers | - | 100 | 100 | 100 | ||||||||||||
| Friends of Asha | - | 100 | 100 | 100 | ||||||||||||
| International Justice Mission | - | 100 | 100 | 100 | ||||||||||||
| Alzheimer’s Society | - | 100 | 100 | 100 | ||||||||||||
| UCB Ltd(Word for Today) | - | 100 | 100 | 100 | ||||||||||||
| South American Mission Society | - | 100 | 100 | 100 | ||||||||||||
| Light of the World,India | - | 100 | 100 | 100 | ||||||||||||
| Greenisland Parish | 270 | 270 | - | |||||||||||||
| Other Charities | - | 127 | 127 | 117 | ||||||||||||
| Total Payable | 1(b) (vi) | - | 1,463 | 1,463 | 1,133 |
Signed on behalf of the Trustees on 16[th] September 2024:
Note 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 the Statement of Assets and Liabilities.
(a) Receipts and Payments Account
All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis.
(b) Statement of Assets and Liabilities
(i) Assets retained for the Parish’s own use
The assets of the Parish, retained for its own use, comprise the Church Building, the Church Hall, and the Rectory. These are held in trust by the Representative Church Body (RCB) of the Church of Ireland for the benefit of the parish.
The Church Building is deemed to be Heritage assets as defined by the Charities SORP (FRS102). These Heritage assets are not included in the statement of assets and liabilities as information on the cost 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 is not physically attached but on the same grounds as the Church Building, as such is not separable as an individual asset. Therefore it is deemed to be a Heritage asset and no value is ascribed to it in the statement of assets and liabilities.
(ii) Cash Funds
As at 31 December 2024, £11,041 of restricted fund balances were held in the parish’s Current Account. The remaining £4,195 was held in the Regeneration Account. These balances reflect unspent restricted funds for use in 2025.
(iii) Investments
Fixed asset investments comprising investment properties, investments in equities (ordinary shares) and investment in RCB/CIT Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each year end date. Investments in unquoted investments are recorded at cost and are assessed annually for impairment.
The Rectory is recognised at a current value of around £253,000. Depreciation is not provided on investment property measured at fair value.
(iv) Diocesan Curacy Grant
A grant of £7,500 (consisting of £2,500 for each year from June 2022 until June 2025) to support the costs of a full-time Curate was promised by the Diocese of Connor, but will be drawn down in 2025.
(v) Gift Aid
There have been no claims for Gift Aid on unrestricted donations from 2022 until 2024, nor were there claims on Gift Aid for restricted donations in 2023 and 2024. Tax relief receivable of £17,500 includes anticipated Gift Aid claims for unrestricted and restricted donations made between 2022 and 2024. These claims are expected to be submitted in 2025.
(vi) Donations to Charity
£1,133 was intended to be paid to charities in 2023 but these will now be paid out in 2025. A further £330 was collected in 2024 for charities, and this figure will also be settled in 2025.
Note 2: RECONCILIATION OF CASH FUNDS
| £ | |
|---|---|
| Total Cash Funds at Beginningof the Year | 25,508 |
| Receipts for the Year | 115,945 |
| Payments for the Year | (121,016) |
| Total Cash Funds at End of the Year | 20,437 |
Note 3: MOVEMENTS IN FUNDS
| Restricted Cash Funds | Balance at 1st Jan 2024 £ |
Incoming Resources £ |
Incoming Resources £ |
Outgoing Resources £ |
Outgoing Resources £ |
Transfers £ |
Balance at 31stDec 2024 £ |
|||
|---|---|---|---|---|---|---|---|---|---|---|
| Curacy Fund= donated by the St James’ Endowment Fund to support the costs of a full-time cleric. |
- | 52,500 | (17,500) | (26,250) | 8,750 | |||||
| Building Regeneration Fund (BRF) – donated by parishioners for the renovation of theparish hall. |
505 | 3,060 | (3,565) | - | - | |||||
| Sunday School Fund– donated by the diocese in 2023 for SundaySchool resources. |
237 | - | (237) | - | - | |||||
| Hope Counselling Fund– received through donations by the Priorities Fund. |
7,528 | - | (7,089) | - | 439 | |||||
| Community Projects Fund – donated by the Black Santa to supportprojects for the local community. |
1,000 | 1,500 | (2,500) | - | - | |||||
| Audio-Visual Fund – donated by the Priorities Fund in 2022 and 2023 for theprovision of display/broadcastingfacilities. |
4,584 | - | - | - | 4,584 | |||||
| Charitable Fund – donated by parishioners to support external charities. |
1,143 | 600 | (280) | 1,463 | ||||||
| Priest-in-Charge Fund – donated by the Parish of St Peter & St James topaythe costs of the Priest-in-Charge. |
- | 2,080 | (2,080) | - | - | |||||
| Kitchen Renovation Fund– donated by the Priorities Fund in 2024 to renovate the church lounge kitchen. |
- | 10,000 | (10,000) | - | - | |||||
| Total Restricted Cash Funds | 14,997 | 69,740 | (43,251) | (26,250) | 15,236 |
The Curacy Fund for Curate-related costs was established with a restricted grant received from the St James’ Endowment Fund in 2024. It covers a three year period from July 2022 to June 2025 at £17,500 pa. The transfer of £26,250 from restricted to unrestricted funds was to cover restricted costs paid from unrestricted funds for 18 months from July 2022 to December 2023. The unspent balance of £8,750 at 31 December 2024 reflects restricted grant income retained for Curate-related costs in 2025.
The Sunday School Fund, Community Projects Fund, Kitchen Renovation Fund, and Rectory Rental Income Fund were all settled by the end of year.
Note 4: TRANSACTIONS WITH THE TRUSTEES
Two Trustees, the Rev’d Brian Lacey and the Rev’d Andrew Irwin, are remunerated by virtue of the offices they hold as members of the clergy. During the year, the Rev’d Lacey received £2,080 from the Parish (2023: £2,080). In the same period, the Parish paid invoices totalling £46,112 raised by the Diocese of Connor for the services of the Rev’d Irwin (2023: £41,500). The Parish also paid £10,400 for the Rev’d Irwin’s housing expenses (2023: £10,200).
Mr Alan McIntosh, is a trustee and has received a total of £2,495 in 2024 for being a counsellor for Hope Counselling Support which comes from funding (2023: £4,300). Ms Claire McIntosh, is not a trustee but is the daughter of Mr Alan McIntosh. She is a cleaner for the church and received a salary of £3,554 in 2024 (2023: £4,758). She is also a counsellor for Hope Counselling Support for which she received payment of £3,976 in 2024 for work carried out the previous year. (2023: £1,638).
Other than the above no other 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.
Note 5: OTHER DONATIONS
| Unrestricted Donations £ |
Restricted Donations £ |
Total 2024 £ |
Total 2023 £ |
|
|---|---|---|---|---|
| Donation from Translink for War Memorial Service | 100 | - | 100 | 100 |
| Donations for use of Parish Halls | 245 | - | 245 | - |
| Donations in Memory | 923 | - | 923 | 110 |
| Donations usingMarmalade Jars | 169 | - | 169 | 182 |
| Donations usingSmartie Boxes | 260 | - | 260 | 290 |
| General Donations | 105 | - | 105 | 145 |
| Harvest Collection | 232 | - | 232 | 178 |
| Loose Plate Collection for Crosslinks | - | 50 | 50 | 116 |
| Loose Plate Collection for Greenisland Parish | - | 270 | 270 | - |
| Loose Plate Collection for Royal British Legion | - | 280 | 280 | 250 |
| Proceeds of Ticket Sales for Christmas Hamper | 180 | - | 180 | - |
| Ulster Bank Bankline Refund | 10 | - | 10 | - |
| Ulster Bank Refund(to correct a lodgment error) | 400 | - | 400 | - |
| Proceeds of Concert | - | - | - | 2,500 |
| TOTAL | 2,624 | 600 | 3,224 | 3,871 |
Note 6: INSURANCE CLAIM
£2,141 was paid out by the parish insurers, A J Gallagher, following a claim for damages to the church hall.
Note 7: CLERGY ACCOMMODATION
The Rectory has been leased to tenants since 2016, but a decision to sell the property was made in 2024 and the tenant vacated the premises in June of that year. The rental income for 2024 was £5,100 (2023: £10,200).
The Curate lives in rented accommodation, with rent in 2024 amounting to £10,400 (2023: £10,200). The Priest-inCharge lives in accommodation provided by the parish of St Peter & St James, Belfast.
Note 8: PRIEST-IN-CHARGE
The annual payment of £2,080 for the Priest-in-Charge is made by the parish and then reimbursed by the parish of St Peter & St James, Belfast.
Note 9: INVESTMENT INCOME
| TRUST NAME | VALUE 2024 £ |
DIVIDEND 2024 £ |
DIVIDEND 2023 £ |
|
|---|---|---|---|---|
| CIT | Mrs Caves | 52 | 1 | 1 |
| CIT | Susan Tougher | 432 | 12 | 12 |
| RCB – St Paul | A Harrison | 1,000 | 128 | 118 |
| RCB – St Paul | B T Hewitt | 5 | 1 | - |
| RCB – St Paul | Rev’d C Allen | 102 | 13 | 12 |
| RCB – St Paul | Parochial Funds | 35 | 4 | 4 |
| RCB – St Paul | Boulter | 566 | 72 | 67 |
| RCB – St Paul | T H Purdon | 50 | 6 | 6 |
| RCB – St Paul | Wayleave | 33 | 4 | 4 |
| RCB – St Barnabas | M C Stevenson | - | 3 | 3 |
| RCB – St Barnabas | PAR FDS | - | 48 | 45 |
| RCB – St Barnabas | RAUBB | - | 13 | 12 |
| Connor Diocese | Diocesan Scheme | - | 239 | - |
| TOTAL | 545 | 283 |
Note 10: GRANT FUNDING
| 2024 £ |
2023 £ |
|
|---|---|---|
| St Anne’s Cathedral Black Santa Grant | 1,500 | 1,000 |
| Church of Ireland Priorities’ Fund | 10,000 | 10,000 |
| St Peter & St James’ Grant for Priest-in-Charge | 2,080 | 2,080 |
| Diocesan Grant for SundaySchool | - | 237 |
| St James’ Endowment Grant for Curate-in-Charge | 52,500 | - |
| TOTAL | 66,080 | 13,317 |
Note 11: DIOCESAN FEES
| 2024 £ |
2023 £ |
|
|---|---|---|
| Curate’s Stipend | 30,902 | 28,552 |
| Curate’s LocomotoryExpenses | 7,000 | 6,941 |
| Curate’s Office Allowance | 394 | 389 |
| Employer’s NI Contribution | 3,009 | 2,685 |
| Employer’s Pension Contribution | 4,807 | 2,933 |
| Fair Share for Connor Diocese | 3,455 | 3,567 |
| “Per Cure” ClergyPension Fund | 1,097 | 4,407 |
| Legal Defence Insurance | - | 66 |
| TOTAL | 50,665 | 49,540 |
The Diocesan Fair Share is the contribution of the parish towards the Bishop’s Stipend and the costs of the Diocesan Office. The Diocese administers the payment of the Curate’s stipend and taxes, and then seeks reimbursement of the same. These costs are supported by the St James’ Endowment Fund, for which an amount covering a three-year period (2022 until 2025) were drawn down in 2024.
Note 12: HOPE COUNSELLING
| 2024 £ |
2023 £ |
||||
|---|---|---|---|---|---|
| OpeningBalance at 1stJanuary | 7,528 | 2,800 | |||
| Receipts | |||||
| Priorities Fund Grant | - | 7,000 | |||
| Total Receipts | - | 7,000 | |||
| Payments | |||||
| Counsellors’ Payment | 6,470 | 7,500 | |||
| CounsellingSupervision | 110 | 185 | |||
| CounsellingResources | 351 | 338 | |||
| Counsellors’ Certification | 159 | 178 | |||
| Total Payments | 7,089 | 8,201 | |||
| Excess of Payments over Receipts | 439 | (1,201) | |||
| Transfer from Special Projects Grant | - | 5,929 | |||
| Closing Balance at 31st December | 439 | 7,528 |
Note 13: UTILITIES AND RATES
| 2024 £ |
2023 £ |
|
|---|---|---|
| PropertyRates | 1,441 | 1,370 |
| NI Water(water and sewerage) | 997 | 1,894 |
| Power NI(electricity) | 1,436 | 1,488 |
| BT(phoneline and broadband) | 1,089 | 934 |
| Oil(church heating) | 3,144 | 3,245 |
| TOTAL | 8,107 | 8,931 |
Note 14: MAINTENANCE
| Unrestricted £ |
Restricted £ |
Total 2024 £ |
Total 2023 £ |
|
|---|---|---|---|---|
| Alarms Servicing | 825 | - | 825 | 632 |
| Asbestos Survey | 338 | - | 338 | - |
| Boiler Servicing | 357 | - | 357 | 306 |
| Church Repairs | 1,182 | - | 1,182 | 1,815 |
| Grounds Maintenance | 1,440 | - | 1,440 | 1,180 |
| Halls Repairs | 3,406 | 3,043 | 6,449 | 3,424 |
| Kitchen Installation | 4,335 | 10,000 | 14,335 | - |
| Organ Maintenance | 240 | - | 240 | 125 |
| RectoryRepairs | - | 522 | 522 | 970 |
| TOTAL | 12,123 | 13,565 | 25,688 | 8,452 |
Note 15: ADMINISTRATION
| 2024 £ |
2023 £ |
|
|---|---|---|
| Independent Examiner’s Fee | 675 | 575 |
| Photocopier Rental | 1,085 | 1,181 |
| Photocopier Paper | 275 | 594 |
| Technology | 145 | - |
| Bank Charges | 219 | 219 |
| Bank Line | 35 | 30 |
| OfferingEnvelopes | - | 360 |
| TOTAL | 2,434 | 2,959 |