Ballyrashane
Parish Church
91
The Parish Church of.gt John the Baptisi, BallyrL￿ka￿e
Parish Accounts
Year Ended
31 December 2023

Appendii .4
Ballyrashane Parish Church
Receipts and Payments Account Year Ended 31 December 2023
IUnrestrl¢tedl (Restrlctedl (Restrirted) IRe5trirtedl
Merle
McNabb
Fund
Total
Total
General Fund Building Fund M15slon Fund
2023
2022
Receipts
Voluntary Giving
Legacies
Fundrasing
Property Related Income
Investment Income
Sundry Income
£35.570.75
£5,000.00
£6,433.50
£42,004.25
£5.000.1)O
£802.00
£2,365,00
£582.68
£4,145.04
£44,003.00
EO.00
£1,018.50
£2,300.IX)
£324.82
£1.485.05
£802.00
£2,115.00
£582.68
£3,795.04
E250.00
£350.00
Sub Tota . Receipts
£47,063.47
£6,683.50
£802.00
£350.00 £54.898.97
£49,131.37
Payments
Staff Costs
Property Costs
Fundraising Costs
Admini5tratlon Costs
Charltable and Mission Giving
Sundry Costs- Mlssion Outreach
Sundry Costs- Diocese
Sub Total.. Payments
£28,284.64
£10,503.72
£0.00
EI,400.79
£28,284.64
£16,666.22
£0.00
£1.4fK).79
£292.
£645.94
£4.764.72
£52.054.31
£26,330.77
£11,537.39
£0.00
£1,479.89
£2,300.99
£243.76
£4,621.56
£46,514.36
£6,162.50
£292.00
£645.94
£4,764.72
£44,9S3.87
£6,162.50
£292.00
£645.94
SurpluslDeflcit foryear
OpenSng balance
£2.109.60
£521.OQ
£510.¢)0
-£295.94
£2,844.66
£133,505.78
£136.350.44
£2,617.01
£130.888.77
£133,505.78
Represented by..
Current Account
l Year Fixed Term Dèposlt Account
Cash on Hand
£113.644.64
£21.829.80
£876.00
£136,350.44
£111,966.76
£21,539.02
£0.00
£133,505.78
On Behalf of Trustees
rrustee I .
Trustee 2:
,*JlJ-
Date:
91 Lkl Qo214

Appendix A
Ballyrashane Parish Church
Statement of Assets and Liabilities as at 31 December 2023
Restricted
Funds Merle
McNabb
Fund
Unrestricted
Funds General
Fund
Restricted
Funds Building
Fund
Restricted
Funds Mission
Fund
Total at
3111212023
Total at
3111212022
Cash Funds12)
Current Account
Deposit Account
Cash on Hand
Total Cash Funds
101,339.24
11,059.85
21,829.80
720.00
525.55
113,644.64
21,829.80
876.00
136,350.44
111,966.76
21,539.02
0.00
133,505.78
876.00
102,215.24
32,889.65
720.00
525.55
Investment Assets
Investments in RCB Unit
Trust5
Total Investment Assests
0.00
0.00
0.00
0.00
0.00
654.00
654.00
634.00
634.00
0.00
Assets Retalned for the
Parlsh's own use - See
Notes to th'e Accounts
Glebe Land. {21
Fixtures and Fittlings
(Excluding heritage assets)
0.00
0.00
0.00
0.00
54,450.00
54,450.00
12)
9,360.00
1,450.00
Total Assets Retained for
Parish's own use
0.00
0.00
0.00
63,810.00
54,450.00
Other Assets
Refund of Insurance due
from Kildollagh Parish (11
3657.28
3657.28
3408.98
Gift Aid Accrued on
donations at year end (2)
Total
6296.19
6296.19
9953.47
6115.40
9524.38
9953.47
Note I
By agreement the full insurance premium for all church property for the Grouped
Parishes of Ballyrashane and Kildollagh 15 paid annually by Ballyrashane Parish
before the due date. The proportion due from Kildollagh being reimbused to
Ballyrashane. This reibursement did not happen until afterthe financial year end
and so the amount owed by Kildollagh to Ballyrashane is shown above as an asset.
Note 2
See Notes to the financial statements for the year ended 31 December 2023
On behalf of the Trustees
Trustee I
LLt2.th-,
Date
Trustee Z
Date
91LI

Appendix A
Notes to the financial statements for the year ended 31 December 2023
1. Accounting policies
Set out below are the principal accounting policies which have been adopted in the compilation of the
Re￿iptS 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) Ststement of Assets and Liabilities
(i) Assets retained for the Parish's own use
The assets of the Parish, retained for its own use comprise'.-
Church Building, Graveyard
Glebe Land
Glebe Hall
Fixtures and Fittings
The Church building and Graveyard are 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.
Glebe Land - 12.1 acres of agricultural land has been included in the statement of assets
and liabilities. This land has been in church ownership since the 15 century and was
retained at the disestablishment of the Church of Ireland in 1869. The cost is not available.
The valuation is based on current market values of land for sale in the local area. The land
was retained in 1869 to generate income from conacre letting to assist the parish in meeting
the cost of the Rector's stipend. This obligation remains.
The Glebe Hall was built in 1825. There are no reliable records of the cost of this
construction., valuation for such a building lacks sufficient reliability. As a result, this building
is not recognised in the parish statement of assets and liabilities.
The Rectory for Ballyrashane Parish is shared with Kildollagh Parish and, as it is sited closer
to the latter parish, its value has been reflected in the Statement of Assets for Kildollagh
Parish which is grouped with Ballyrashane. The Rectory also accommodates rooms used as
a parish office and church repository. Costs incurred in respect of the Rectorylparish office
are shared equally between Kildollagh Parish and Ballyrashane Parish.
Fixtures and fittings
The church organ is over 100 years old. There is no reliable record of the cost of this item
and a valuation approach for suGh an instrument lacks sufficient reliability. As a result this
instrument is not recognised in the statement of assets and liabilities. Church plate and other
fixtures and fittings in the church are likewise of such age so that no reliable cost is available
and valuation would not be reliable and so these items have been excluded from the
statement of assets and liabilities.
Aside from the heritage assets above, the cost of other fixtures and fittings and equipment
acquired for the church building, or Glebe Hall has already been included in full, (or in the
case of the Rectory I Parish Office - as a half share of the full cost) in the Receipts and
Payments account for the relevant years and so are not accounted for again in the Statement
of Assets. Until 2022123 there were no additions to fixed assets aside from small items

Appendix A
already included at cost in previous years accounts most of which have now reached the end
of their effective life span. During 2023 a significant programme of refurbishment took place.
The value of the new or replacement items have been included in the statement of assets at
cost, where this is known, or best estimate where the item was gifted by the donor.
(li) Investments
Fixed asset investments comprising investment in RCB unit trusts are initially recorded at
cost and then are subsequently stated at fair value at each year end.
(iii)Amounts Owed by Kildollagh Parish
See note 1 on the Statement of Assets.
(iv) Gift Aid
Gift Aid included in the Accounts for the Year Ended 31 December 2023 is as re￿iVed
during the year. Gift Aid accrued but not claimed by the year end is included in the
accounts. Claims for Gift Aid are administered via the Representative Church Body
{RCB) and are submitted for each tax year once the relevant parish accounts have been
finalised. The value shown includes provision estimated fees chargeable by RCB at the
rate of approximately 2 % of the total qualifying donations.
2. Movements in Funds
Restricted Funds
Building Fund
Mission Fund
Merle
McNabb
Fund
£ 821.49
£ 350.00
0.00
£ 645.94
Balance at 111123
Incoming Resources
Transfer from General Fund
Outgoing Resources
£32,368.65
£ 6,683.50
0.00
£ 6,162.50
£ 210.00
£ 802.00
0.00
£ 292.00
Balance at 31112123
£32,889.65
£ 720.00
£ 525.55
Purposes of Restricted Funds
Building Fund: This fund is to assist with major maintenan￿, renovation and conservation of
the Church building, Glebe hall, Glebe lands and Graveyard. This includes the recurring
expenses associated with graveyard Maintenan￿ which are substantial given the age and
topography of the graveyard. Building Fund is also used to pay Ballyrashane Parish's share of
the major maintenance and improvement costs incurred in respect of the Rectory. The
Building fund is subject to regular review to ensure that it is at a level appropriate for the
projected needs of the parish.
Mission Fund This is to fund mission and charity work at home and overseas. Charitable
donations to the Bishop's Appeal, Church Mission Society, Bishop's Appeal Urgent Relief
fund, Forces Mental Welfare was not made until after the year end and so does not appear in
these accounts. The charitable donations made during 2023 are shown below.
Charitable Donations
Christmas Hampers
Total
292.00
292.00
Foodbank donations were made in addition to cash donations to charities. The estimated value for
both Ballyrashane and Kildollagh (as notified by the Foodbank) was £415 in terms of food items
donated.

Appendix A
Merle McNabb Fund: This fund commenced during 2019. It was commenced in memory of
Miss Merle McNabb who dedicated over 60 years to working with and on behalf of children
and young people in the parish. The purpose of the fund is to support the parish's work with
children and young people with particular emphasis on their Christian nurture and faith
formation through the work of the Sunday School. Expenditure during 2023 represented
children's and young people's outreach expenses incurred through the worl( of the Youth
Intern and specific to Ballyrashane.
3. Transactions with the Trustees
The Parish pays no utility expenses relating to the Rectory with the exception of the domestic rates.
This expense is shared with Kildollagh Parish on a year about basis. As a tied property the Rectory
qualifies for Domestic Exemption and District Rate Subsidy. The Rectory, which incorporates the
Parish Office, is occupied by the Rector as a condition of her office. The Rectory appears as an
asset in the Statement of Assets of Kildollagh Parish.
During the year 2023 Ballyrashane Parish's share of the Rector's gross stipend was £18,165 less
£1525 ernployee pension contributions. In addition the Parish paid locomotory expenses of £3500
and office expenses of £462. These sums are in accordance with the minimum level of stipend and
expenses payable under the regulations of the General Synod of the Church of Ireland. The Rector
meets in full her PAYE liability, NIC and pension contributions which are deducted from her gross
stipend before payment. Locomotory and Use of Office are treated as round sum allowances and
are subjected in full to PAYE and NIC. Expenses incurred by the Rector, wholly, exclusively and
necessarily in the pursuance of her duties which were in eX￿sS of the locomotory and Use of Offi
allowances amounts were paid by the Rector without reimbursement with the exception of £132.50
receipted expenses in relation to the acquisition of new collection plates,
No trustee or person related to a trustee had any personal interest in any contract or transaction
entered into by the Parish during the year with the exception of
a) The Church organist who is related to a trustee and received £2,400 for playing at all Church
services and providing music for online seniices. This post was filled 14 years ago after open
competition.
b) the Glebe land which was let at a commercial rate to one of the trustees. This tr8n8action
was fully disclosed to the Diocesan authorities to ensure Ihat the conacre letting represented
an arm's length transaction.
c) The wife of one trustee was reimbursed £292.00 for receipted expenses in relation to the
purchase of goods for the Christmas hampers.
d) One trustee was reimbursed £31.06 for re￿Ipted expenses relating to cleaning materials and
other health consumables for use in the church hall and second trustee was reimbursed £40
for receipted expenses relating to disinfectant and weed killer.
4. Governance Costs
No governance costs were incurred during the year in respect of fees paid to the Independent
Examiner who kindly donated her time and expertise to the Parish free of charge.
Ballyrashane Parish is extremely grateful for this generous act which it accepts does not
establish a precedent.