Newtownards
Ball
alter
Hol Trinit
Down&Dromore
Church of Ireland
Trustee Re
ort and Statement of Recel ts and Pa
Assets and Liabilities
ments and
for the
ear endin
31st December 2023
3) Statement of Receipt5 and Payment5 and Assets and Liabilites
Charit Number NIC 102663
Page I

Newtownards
Ball
alter
Hol Trinit
Down&Dromore
Church of Ireland
Statement of Recei
ts and Pa
ments and Assets and Liabilites
for the
ear endin
31st December 2023
Contents
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 2023
Unrestrict Restrictd Endowmnl
Funds
Funds
Fund5
2023
2023
2023
Total
Total
Note
2023
2022
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
55,305
3,390
58,695
56,343
1,510
13,026
4,731
1,120
5,851
9,678
2,165
419
10,097
2,165
4,799
600
10,202
3,220
1,572
219
4,799
600
600
86,690
Total Recei
ts
72,479
9,728
82,207
Pa
ments
Wages and salaries
Vicar Locomotory and Office
Diocesan C05ts/A55e55ment
Church Running Costs
Glebe Costs
Parish Hall
Fabric Fund
rental refund
Admin Costs
Insurances
Charity Donations
Payments from Parish Orgs
HT Choir
Balli8an Consort
43,069
1,299
7,056
6,550
893
3,320
743
43,812
1,299
7,056
8,544
893
3,320
9,132
39,825
1,588
7,176
5,035
886
2,388
1,321
2,000
1,079
4,946
2,297
669
934
1994
9,132
1,655
5,451
1,300
1,655
5,451
6,119
4,819
482
17,170
482
87,763
Total Pa
ments
70.593
70,144
Excess of Receipts over Payments for the
year before transfers
1,886
-7,442
-5,556
16.546
Transfers
Excess of Receipts over Payments for the
Year
1,886
-7,442
-5.556
16,546
On behalf of the Trustees
Trustee I . Revd Sue Bell
Trustee Z . Dr Marllyn Armstrong
Pa8e 3

Statement of Assets and Liabilities as at 31st December 2023
Unrestrd Restrictd Endowmt
Funds
Funds
Funds
2023
2023
Total
Total
2023
2023
2022
Cash Funds
Current Accounts
Totsl Cash Funds
40,959
40,959
21.981
21.981
62,940
62,940
68,496
68.496
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
119,306
102,652
0 119,306 115,829
102,652
99,660
119,268
341,226
119,268 113,986
0 341,226 329.475
Assets retained for the
Parish's own use
Minor Hall
Vicarage
Total Fixtures and fittings
7,014
173,000
14,637
7,014
7,021
0 173,000 173,000
14,637
14.652
Total Assets retained for
the Parish's own use
194,651
0 194.651 194.673
On Behalf of the Trustees
Trustee I . Revd Sue Bell
Trustee 2 . Dr Marilyn Armstrong
Date
Page 4

Note to the Financlal Statements for the year ended 31st December 2023
l. Accounting Policies
Set out below are the principal accountin8 policies which have been adopted in the
compilation of the Receipts and Payments Account and the Statement of Asset5
and Liabilities
(a) Recelpts 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 A55ets and Llabilitles
(i) Assets retalnedfvr the Porish'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 Fittings
The church buildlngs, Garden of Remembrance and Graveyard are
deemed to be Heritage Assets a5 defined by the Charities SORP {FRS102).
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
buildin8 lacks sufficient reliability. As a result this buildinE
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 20 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 reco8ni5ed at purchase cost,
being the estimated fair value of the property at 01/0912013. No depreciation
has been provided a5 the current estimated residual value is not less than
its carrying value and the remaining useful life currently exceeds 50 years
Fixture5 and fittings in the churches, apart from the Sound System,keyboard and screens
deemed to be heritage assets as recogni5ed by the Charities SORP
FRSI102) 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 2023 (cont)
(i)Assets retainedfor the Parish s own use Icont)
Fixtures and Fittings are recognised at cost and are
depreciated on a straight line basis at IO% over a period of 10 years
(li) Investments
Fixed a55et 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
Receipts for the year
Payments for the year
Total Cash Funds at end of the
year
68,496
82,207
87,763
62,940
Page 6

Notes to the financial statements for the year ended 31st December 2023(cont)
3. Movement in Funds
AtlJan
Incoming Outgoin8
2023 Resourtts Resources Transfers
At31De
2023
Restricted Funds
Flower Fund
Fields of Life Fund
Sunday School Fund
Restricted fabric Fund
Restrirted Gen Fund
Holy Trinity Choir Fund
Balligan Consort Fund
Total
300
1,878
87
5,212
4,261
300
1878
87
132
5,591
2,632
7,096
7,712
5,766
482
12.220
482
8,170
9,728
13.778
Unrestricted Funds
Designated Fabric Fund
General Fund
Deposit Account
Total
20,219
36,057
9,000
70,593
11,219
37,943
72,479
56,276
72,479
79,593
49,162
Total Funds
68,496
82,207
87,763
62,940
Pur
oses of Restricted Funds
Flower Fund.. This is a fund to provide flowers for display during seNices 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: Closed by agreement with the remaining choir members
Balligan Consort Fund: This account closed on the retirement of the Balligan Consort
Pur
oses of Des1
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 ststements for the year ended 31st December 2023
4. Collections for Third Partle5
2023
2022
Bishops Appeal
Tear Fund
Ywam
Christian Aid
Charity Jar (unrestricted)
1850
155
487
810
1,010
55
1,552
Total
4,819
4A. Charity Allocations from church funds
Total
1.300
{ This is a surn allocated annually by the Trustees to add to the charityjar collection,
to support a number of charities not included in Collections for third parties.)
745
The above amounts have been included in Receipts for the year under"CharFty collections and
in Payments for the year under'charity Donations"
5. Transartions wlth the Trustees
The parish paid expenses of £893 (ground rent, rates and boiler) relating 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 payment5
Stipend.. £35,124 (less national insurance. vicar's pension contribution and income tax); Locomotory
expenditure of £765.69 and office expenses of £532.83
The Vicar's husband 15 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 contract or
transaction entered into by the charity during the year
6 Governance Costs
There were no governance costs incurred during the year
Page 8