alter Trini Down&Dromore Church of Ireland Trustee Re ort and Statement of Recei Assets and Liabilities sandpa ents and forthe r endl 31st December 2025 3) Ststement of Receipts and Payments and Assets and Liabilites Number NIC 102663 Page I
Newtownards Iter Hol Trinl Oown&Dromore Churth of Ireland Statement of Recei and Pa ents and Assets and Liabilites for the r endl 31st December 2025 Contents Receipts and Payments Account Statement of Assets and Liabilities Notes to the financial statements Pa8e 2
Receipts and Payments for the year ended atst December 2025 Fund5 2025 Funds 2025 Funds 2015 Totsl 2025 Total 2024 Note Re1 Donations and plate collection Legacies Grants Proceeds from Fundraising Bank Depostt Interest Investment income Rental of Premisles Charity Collettions refunds Receipts from Parish Organisatns HT choir Balligan Consort 50.759 50,759 11.425 50,605 23,803 11425 6.974 13.378 9,615 10,744 1.150 457 11,201 1,150 1.499 10.674 1,890 2,277 762 1,499 Totsl Recei 69.627 19,785 89A12 99.626 Pa ments Wages and salaries Vitar 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 Balligan Consort 44.204 44.204 47.036 1.660 6,864 6,964 934 2,126 3,593 1,329 5,788 3.277 6,828 9.920 1.195 1.998 6.828 10.030 8.472 3,798 31.674 2.442 6,129 2,511 iio 7277 31.674 730 1.712 6.129 1.511 Total P 75.634 43.102 0 118,736 79,571 Excess of Receipts over Payments for the year before transfers -6.1K)7 -23317 -29,324 20.055 Transfers Exces5 of Reeeipts over Payments lor the year 4.007 -23.317 -29,324 20,055 On behalf of the Trustees Tbwstee i .' Revd Adrfan Green Trustee2: Dr MarilynAm• IM . Q. 3 IpLb Pa8e 3
Ststement of Assets and Uabilities as at 31st December 2025 Unrestrd Restrlrtd Endowmt Funds Funds Funds 2025 2025 2025 Totsl 2025 Total 2024 Cash Fund5 Current Accounts Total Cash Fund5 31,948 31,948 21.723 21,723 53,671 53.671 82.995 82,995 Investment Assets Investments in RCB Unit Trusts Holy Trinty Ballywalter St Andrew's Balligan Investments in CIT Unit Trusts Holy Trinty Ballywalter Total Investment Assets 132,372 113,894 132,372 121,521 0 113.894 104,558 134,074 380,340 134,074 130,759 0 380,340 356.838 A55ets retsined for the Parlsh's own use Minor Hall Vicarage Total Fixtures and fittings 6,874 173.(XXI 19,491 6,874 6,944 0 173,(AXI 173,OQKS 19,491 14,491 Total Assets retained for the Parfsh's own use 0 199,365 194,435 On Behalf of the Trustees Trustee l .. ftev(l Adrian Green Date 29 Trustee 2 . Dr Marilyn Arnthn8 Date 2q l3ILb Pa8e 4
Note to th¢ Financial Statements for the year ended 3tst December 2025 l. Ac¢ountlng Policies Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payment5 Account and the Statement of Assets and Liabilities (a) ReIpts and Payments Acc4wnt All items of income and expenditure induded within the Receipts and Payments Account have been accounted for on a cash receipts basis (b) Statement of Assets and Llabilities (l) Assets retainedfvr the P0ri5h's own use The assets of the parish. retained for its own use comprise:_ Churth buildings and Garden of Remembrance Graveyard at St Andrew's Balligan Parochial Hall and Minor Hall Vicarage Flxtures and Fittin85 The church buildings. Garden of Remembrance and Graveydrd are deemed to be Heritage Assets as defined by the Charitie5 SORP {FR51021. These Heritage A%sets are not not included in the Statement of Assets and Liabilities as infomlation on the cost or valuation is not available and such information cannot be obtained at a cost comrnensurate with the benefit to the users of the accounts and to the parish. The Parochial Hall was bulk in 1849. Originally the Schoolhouse. rt 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 buFlding 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 tonstruction. It was extensively refurbished 20 years a80. Depreciatlon has been provided on the Minor Hall buildin8 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 01109/2013. No depreciatlon has been provided as the current estimated residual value is not less than its carryin8 value and the remainin8 Useful Itfe cutrently 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 CharÉties SORP FRSI1021 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 finantial statements forthe year ended 31st December 2025 (contl (iJAssets retainedfor the Poiysh's own use (cont) Fixtures and Fittings are recognised at cost and are depreciated on a straight line basis at l(Y% over a period of 10 years (Ilj Investments Fixed asset Fnvestments 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 Gish Funds Totsl Cash Fund5 at Beginning of the year Receipts for the year Payments for the year Total Cash Funds at end of the year 82,995 89.412 -118.736 53,671 Pa8e 6
Notes to the financlal statements for year ended 31st December 20251cont) 3. Movement In Funds At l Jan Incoming Oirtgoing 2025 Resources Resouros Trnnsfers At 31 Dec 2025 Restrlrted Funds Flower Fund Restritted fabric Fund Restricted Gen Fund Holy Trinity Choir Fund Balligan Consort Fund Totsl 300 5,839 4,539 8,622 4.823 9.187 2,241 1.957 13,745 8361 11/428 10,678 Unrestricted Funds Designated Fabric Fund General Fund Total 35.022 34,228 69.250 11.425 31,674 69.626 75.634 81,051 107,308 14,773 28,220 42,993 Totsl Funds 82.995 89.412 118,736 53.671 Pur ses of Restritted Funds Flower Fund: This 15 a fund to provide flowers for dt5play during servi5 of worship Restricted Fabric Fund". These are fund5 raised or donated specifically for the church rewiring and organ repair fund In Hoty Trinrty The trustees wtll also add funds from the designated fabric fund as required for repairs at Holy Trinity and St Andrews Balligan Holy Trinity Choir Fund: C105ed by agreement wwth the remaining choir members Balligan Consort Fund: This account closed on the retirement of the Balligan Consort ses of Desi nated Funds Fabric Fund-. The trustees have set aside funds for the maintenance and repalr of the church property Page 7
Notes to the financial statements forthe year eNled 3tst December 2025 4. Q•llections for Thlrd Parties 2025 2024 Bishops Appeal GAZA 550 Christian Aid Bishops Ministry Fund Charity Jar {unrestrictedl 961 l.(M)2 275 Total 1.511 2.277 4A. Charity Allo¢ation5 from churth funds Total 1,000 1.000 l This is a sum allocated annually by the Trustees to add to the charity jar collection, The above amounts have been included in Receipts for the year under'charity collections" and in Payments for the year under "Charity Donations" 5. Transactions with the Trnstees The parish paid expenses of £1194.68 Iground rent, rates and boiler) relating to the running costs of vicarage whith is occupied by the vicar. No trustee received any remuneration or reimbursement except for Rev Adrian Green who reiVed £29.635 net stipend and £2.648 locomotory and office Necessary boiler rep1arnent and radiator repairs to the vicarage plus new carpet and curtains had a total cost o* £7277 No other trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charty during the year G Governance costs There were no 8ovemance costs incurred during the year Page 8