Newtownards Ball alter Hol Trinit Down&Dromore Church of Ireland Trustee Re ort and Statement of Recei Assets and Liabilities ts and Pa ments and for the ear endin 31st December 2022 3) Statement of Receipt5 and Payment5 and Assets and Liabllites Charit Number NIC 102663 Paee I
Newtownards Ball alter Hol Trinit Down&Dromore Church of Ireland Statement of Recei ts and Pa rnent5 and Assets and Liabilites for the ear endin 31st December 2022 Content5 Receipts and Payments Account Statement of Assets and Liabilities Notes to the financial statements Page 2
Receipts and Payments for the year ended 31st December 2022 Unrestrict Restrictd Endowmnl Funds Funds Funds 2022 2022 2022 Total Total Note 2022 2021 Recei Donations and plate collection Legacies Grants Proceeds from Fundraising Bank Deposit Interest Investment income Rental of Premisies Charity Collections refunds Receipts from Parish Organisatns HT choir Balligan Consort 53,671 2,652 56,343 46,283 1,510 4,609 1,510 13,026 11,508 765 8,417 9,774 3,220 55 428 10,202 3,220 1,572 219 9,756 2,446 1,018 3,761 1,517 169 50 Total Recei 600 13,781 ts 600 86,690 72,909 75,538 Pa ments Wages and salaries Vicar Locomotory and Office Diocesan Cost5/Assessment Church Running Costs Glebe Costs Parish Hall Fabric Fund rental refund Admin Costs Insurances Charity Donations Payments from Parish Or8S HT Choir Balligan Consort 39,825 1,588 7,176 4,989 886 2,388 39,825 1,588 7,176 5,035 886 2,388 1,321 2,000 1,079 4,946 2.297 669 934 70,144 43,996 2,828 6,792 3,301 1,527 1,451 883 46 1,314 2,000 1,079 4,946 800 994 4,607 1,996 IG 1,497 669 934 4.460 Total Pa ments 65,684 68,391 Excess of Receipts over Payments for the year before transfers 7.225 9,321 16.546 7,147 Transfers Excess of Receipts over Payments for the year 7.225 9.321 16,546 7.147 On behalf of the Trustees Trustee I . Revd Sue Bell Date )4-- 4 2015 Trustee 2 . Dr Marilyn Armstrong LS, Page 3
Statement of Assets and Liabilities as at 31st December 2022 Unrestrd Restrictd Endowmt Funds Funds Funds 2022 2022 Total Total 2022 2022 2021 Cash Funds Current Accounts Total Cash Fund5 39,469 39,469 29,027 29,027 68,496 68,496 52,086 52,086 Investment Assets Investments in RCB Unit Trusts Holy Trinity Ballywalter St Andrew's Balligan Investments in CIT Unit Trusts Holy Trinity Ballywalter Total Investment Assets 115,829 99,660 115,829 124,398 99,660 107,405 113,986 329,475 113,986 130,113 0 329.475 361,916 Assets retained for the Parlsh's own use Minor Hall VicaraEe Total Fixtures and fittlngs 7,021 173,000 14,652 7,021 7.092 173,000 173.000 14,652 14,800 Total Assets retained for the Parish's own use 194,673 0 194,673 194,892 On Behalf of the Trustees Trustee l .. Revd Sue Bell Date Z*- Trustee 2 . Dr Marllyn Armstrong mer, Page 4
Note to the Financial Statements for the year ended 31st December 2022 l. 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 Liabilitles (i) Assets retoinedfor the Pansh's own use The assets of the parish, retained for its own use comprise:. Church buildings and Garden of Remembrance Graveyard at St Andrew's Balligan Parochial Hall and Minor Hall Vicarage Fixtures and Fittin85 The church buildings, Garden of Remembrance and Graveyard are deemed to be Heritage Assets as defined by the Charities SORP IFRS102). These Heritage Assets are not 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 Parochial Hall was built in 1849. Originally the Schoolhouse, it became the church hall hall in 1932. There are no reliable records for the cost of construction and valuation. The valuation approach for such a building lacks sufFicient reliability. As a result thi5 building is not recognised in the parish statement of assets and liabilities The Minor hall was erected in 1976 and is recognised at cost of construction. It was extensively refurbished 12 years ago. Depreciation has been provided on the Minor Hall building at IO% over a period of 10 years The Vicarage was purchased in 2013, and is recognised at purchase cost, being the estimated fair value of the property at 01/0912013. No depreciation has been provided as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 year5 Fixtures and fittings in the churches, apart from the Sound System,keyboard and screens deemed to be heritage assets as recognised by the Charities SORP FRS(102) They 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 Page 5
Notes to the financial statements for the year ended 31st December 2022 (cont) fi)Assets retoinedfvr the Parish s own use (cont) Fixtures and Fittings are recognised at cost and are depreciated on a straight line basis at IO% over a period of 10 years (iij Investments Fixed asset Investments comprising investment in RCB/CIT unit trusts are initially recorded at cost and are then Subsequently stated at fair value at each year end date 2. Reconciliation of Cash Funds Total Cash Funds at Beginning of the year Recelpts for the year Payments for the year Total Cash Funds at end of the year 52,086 86,690 70,144 68,496 Page 6
Notes to the financial statements for the year ended 31st December 2022 (cont) 3. Movement in Funds At l Jan Incoming Outgoing 2022 Resources Resources Transfers At 31 Dec 2022 Restricted Funds Flower Fund Fields of Life Fund Sunday School Fund Restricted fabric Fund Restricted Gen Fund Holy Trinity Choir Fund BalliEan Consort Fund Total 300 1,878 133 -2.060 1,163 669 816 2,899 300 1.878 87 5,212 4,261 46 1,314 1,497 669 934 4,460 8.586 4,595 600 13,781 482 12,220 Unrestricted Funds Designated Fabric Fund General Fund Deposit Account Totsl 20,217 28,834 136 49,187 72,907 20,219 36,057 65,684 136 136 72,909 65,684 56,276 Total Funds 52,086 86,690 70,144 136 68,496 Pur Oses of Restrlcted Fund5 Flower Fund.. This is a fund to provide flowers for display during seniices of worship Fields of Life Fund.. This is a fund to support Fields of Life Building Projects in Africa Sunday School Fund: This is a fund raised by collection and fundraising events to provide materials to support the Sunday School. The Trustees will also designate unrestricted funds when required. Restricted Fabric Fund: These are funds raised or donated specifically for the roof repair fund, church rewiring and organ repair fund in Holy Trinity The trustees will also add funds from the designated fabric fund as required Holy Trinity Choir Fund: This is a bank account belonging to the choir members It has no input from church funds Balligan Consort Fund: This is a bank account belonging to choir members, With no input from church funds. At the organist's request. Pur oses of Desi his honorarium is paid into this fund nated Funds Fabric Fund= The trustees have Set aside funds for the maintenance and repair of the church property Page 7
Notes to the financial statements for the year ended 31st December 2022 4. Collections for Third Parties 2022 2021 Bishops Appeal Tear Fund Duke of Edinburgh Award Christian Aid Charity Jar (unrestricted) 487 910 86 ioio 55 1,552 22 1,018 Total 4A. Charity Allocations from church funds Total { This is a sum allocated annually by the Trustees to add to the charity jar collection, to support a number of charities not included in Collections for third parties.) 745 978 The above amounts have been included in Receipts for the year under "Charity collections" and in Payments for the year under "Charity Donations" 5. Transartions with the Trustees The parish paid expenses of £846 {ground rent, rates and boiler) relatinB to the running costs of the vicarage which is occupied by the vicar. No trustee received any remuneration or reimbursement of expenses during the year, except for the incumbent who received the following payments . Stipend: £32,223 (less national insurance, vicar's pension contribution and income tax); Locomotory expenditure of £787.73 and office allowance of £800 The Vicar's husband is a member of the select vestry and therefore a trustee. He did not receive any expenses from the parish No other trustee or a person related to a trustee had any personal interest in any contrart or transaction entered into by the charity during the year 6 Governance costs There were no govertjance costs incurred during the year Page 8