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 2024
3) Statement of Receipts and Payments and Assets and Liabilites
Charit Number NIC 102663
Page I

Newtownards
Ball
alter
Hol Trini
Down&Dromore
Church of Ireland
Statement of Recei
ts and Pa
ments and Assets and Liabilites
for the
ear endi
31st December 2024
Contents
Receipts and Payments Account
Statement of Assets and Liabilitie5
Notes to the financial statements
Page 2

Receipts and Payments for the year ended 31st December 2024
Unrestrict Restrictd Endowmnl
Funds
Funds
Funds
2024
2024
2024
Total
Total
Note
2024
2023
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
49,115
23,803
1,490
50,605
23,803
58,695
5,112
4,503
9,615
5,851
10,255
1,890
419
10,674
1,890
2,277
762
10,097
2,165
4,799
600
2,277
762
Total Recei
ts
90,175
9,451
99.626
82,207
Pa
ments
Wages and salaries
Vicar Locomotory and Office
Diocesan Costs/Assessment
Church Running Costs
Glebe Costs
Parish Hall
Fabric Fund
Admin Costs
Insurances
Charity Donations
Payments from Parish Orgs
HT Choir
Balli8an Consort
43,422
1,660
6,864
6,964
934
2,126
3614
47,036
1,660
6,864
6,964
934
2,126
3,593
1,329
5,788
3,277
43,812
1,299
7,056
8,544
893
3,320
9,132
1,655
5,451
6,119
3,593
1,329
5,788
1,000
2,277
482
87,763
Total Pa
ments
70,087
9,484
79,571
Excess of Receipts over Payments for the
year before transfers
20.088
-33
20.055
-5.556
Transfers
Excess of Receipts over Payments for the
year
20.088
-33
20,055
-5,556
On behalf of the Trustees
Trustee I . Revd Adrian Green
Date
11~ (W
Trustee 2 . Dr Marilyn Armstrong ryl- G . (kn
Date 11" £1*r￿
Page 3

Statement of Assets and Liabilities as at 31st December 2024
Unrestrd Restrictd Endowmt
Funds
Funds
Funds
2024
2024
2024
Total
Total
2024
2023
Cash Funds
Current Accounts
Total Cash Funds
37,511
37.511
45,484
45,484
82,995
82,995
62,940
62,940
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
121,521
104,558
121,521 119,306
104,558 102,652
130,759
356,838
0 130,759 119,268
0 356.838 341,226
Assets retained for the
Parish's own use
Minor Hall
Vicarage
Total Fixtures and fittings
6,944
173,000
14,491
6,944
7,014
173,000 173,000
14,491
14,637
Totsl Assets retained for
the Parish's own use
194,435
0 194,435 194,651
On Behalf of the Trustees
Trustee l .' Revd Adrian Green
Date
21-Ar(￿ 201
Trustee 2: Dr Marllyn Armstrong m . &.
Date
Page 4

Note to the Financial Statements for the year ended 31st December 2024
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 Liabilities
(i) Assets retainedfor 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 buildings, Garden of Remembrance and Graveyard are
deemed to be Heritage Assets as defined by the Charities SORP (FRS1021.
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 H311 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 this 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 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 recognised at purchase cost,
being the estimated fair value of the property at 01/09/2013. 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 years
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{1021 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 2024 (cont)
li)Assets retainedfor the Parish s own use (cont)
Fixtures and Fittings are recognised at cost and are
depreciated on a straight line basis at IOYO over a period of 10 years
(li) 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 Fund5
Total Cash Funds at Beginning
of the year
Receipts for the year
Payments for the year
Total Cash Funds at end of the
year
62,940
99,626
79,571
82,995
Page 6

Notes to the financial statements for the year ended 31st December 2024{cont)
3. Movement in Funds
At l Jan Incoming Outgoing
2024 Resources Resources Transfers
At 31 Dec
2024
Restricted Funds
Flower Fund
Restricted fabric Fund
Restricted Gen Fund
Holy Trinity Choir Fund
Balligan Consort Fund
Total
300
7,712
5,766
300
8,622
4.823
4,503
4,948
3,593
5,891
13,778
9,451
9,484
13,745
Unrestricted Funds
Designated Fabric Fund
General Fund
Total
11,219
37,943
49,162
23,803
66,372
90,175
35,022
34,228
69.250
70,087
70,087
Total Funds
62,940
99,626
79,571
82,995
Pur
oses of Restricted Funds
Flower Fund: This is a fund to provide flowers for display durin8 services of worship
Restricted Fabric Fund: These are funds raised or donated specifically for
the church rewiring and organ repair fund in Holy Trinity
The trustees will also add funds from the designated fabric fund as required for repairs al
Holy Trinity and St Andrews Balligan
Holy Trinity Choir Fund: Closed by agreement with the remaining choir member5
Balligan Consort Fund: This account c105ed on the retirement of the Balligan Con50rt
Pur
oses of Desi
nated Funds
Fabric Fund: The trustees have set aside funds for the maintenance
and repair of the church property
Page 7

Notes to the financral statements for the year ended 31st December 2024
4. Collections for Third Parties
2024
2023
Bishops Appeal
Tear Fund
Ywam
Christian Aid
Bishops Ministry Fund
Charity Jar (unrestricted)
1850
155
2000
814
1002
275
Total
2,277
4,819
4A. Charity Allocatlons from church funds
Total
1,000
l 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.)
1,300
The above amount5 have been included in Receipts for the year under Charity collections" and
in Payments for the year under Charity Donations"
5. Transactions with the Trustees
The parish paid expenses of £934 (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 Revd Sue Bell who received the followins payments
£19,422 net stipend, and £825 locomotory and office (Jan to September 20241 and Rev Adrian Greei
who received net Stipend £5,385 and locomotory and office £835 (November and December 2024)
The Revd Bell's husband was a member of the select vestry until Revd Bell's retirement 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