Ballyrashane Parish Church The Parish Church ofsi John ihe Baptisi. Ballyrashane Parish Accounts Year Ended 31 December 2024
Ballyrashane Parish Church Receipts and Payments Account Year Ended 31 December 2024 Appendix A (Unrestrirted) (Restricted) (Restrirted) (Restricted) Merle McNabb Fund Totsl Total General Fund Building Fund Mission Fund 2024 2023 Receipts Voluntary Giving Legacies Fundrasing Property Related Income Investment Income Sundry Income £40,128.24 £26,700.91 £6.820.20 £167.00 £47,115.44 £42.004.25 £26,700.91 £5,000.00 £624.80 £802.00 £224.80 £400.00 £2.170.00 £1,254.85 £7,781.80 £462.50 £2.632.50 £1,254.85 £7,781.80 £2,365.00 £582.68 £4,145.04 Sub Total: Receipts £78.035.80 £7,282.70 £391.80 £4IJ).00 £86.110.30 £54,898.97 Payments Staff Costs Property Costs Fundraising Costs £25,224.73 £9,390.93 £0.00 £25,224.73 £28,284.64 £13.616.93 £16,666.22 £0.00 £0.00 £4,226.00 Administration Costs Charitable and Mission Giving Sundry Costs - Mission Outreach £1,091.16 £1,091.16 £1,400.79 £1,507.00 £1,507.00 £292.00 £0.00 £0.00 £645.94 Sundry Costs- Diocese Sub Total.. Payments £4,495.68 £40,202.50 £4,495.68 £4,764.72 £0.00 £45,935.50 £52,054.31 £4,226.00 £1,507.00 Surplus/Deficit for year Opening balance £37,833.30 £3,056.70 -£1,115.20 £41)0.00 £40,174.80 £2,844.66 £136,350.44 £133,505.78 £176,525.24 £136,350.44 Represented by: Current Account l Year Fixed Term Deposit Account Cash on Hand £153.771.05 £113,644,64 £22,754.19 £21,829.80 £0.00 £876.00 £176.525.24 £136,350.44 On Behalf of Trustees Trustee I Date: 27 Ap,,1 X)2< 27 Apnl 202 Trustee 2: Date:
Ballyrashane Parish Church ststement of Assets and Liabilities as at 31 December 2024 Appendix A Restrirted Funds Merle McNabb Fund Restricted Funds Building Fund Restrlrted Funds Mission Fund Unrestrirted Funds Get)eral Fund Total at 3111212024 Total at 3111212023 Cash Fund5 Current Account Deposit Account Cash on Hand Total Cash Funds 139.653.34 13,192.16 22,754.19 925.55 0.00 0.00 925.55 153,771.05 22.754.19 113,644.64 21,829.80 876.00 136,350.44 139.653.34 35,946.35 176,525.24 Investment Assets Investments in RCB Unit Trusts Total Investment Assests 0.00 665.00 665.00 654.00 654.00 A55ets Retalned for the Parlsh's own Use . See Notes to the Accounts Glebe Land. 0.00 54.450.00 54,450.00 Flxtures and Fittlings at cost (Excludlng herltsge assets) Total Assets Retalned for Parlsh's 7,020.38 9,360.00 own use 61,470.38 63,810.00 Other A55ets Refund of Insurance due from Kildollagh Parish Gift Aid Accrued on donations at year end Total 3,657.28 6,386.46 6,386.46 6,386.46 6,386.46 6,296.19 9,953.47 Llabllltles Owed to Klldollagh Parish for shared expenses. Total Llabllltles 4,468.71 4,468.71 2,299.80 2,299.80 6.768.51 6,768.51 0.00 0.00 Note5 Non- Herltage Fixtures & Fittlngs l All non-heritage assets namely fixtures and fittin8S Wlth a limited life span such as electrical equipment and soft furnishings are shown at cost in the year of purchase with the value being reduced by 25% in each subsequent year. All such assets which are over 5 years old are regarded as having ne81i8ible value and are not included Sn the Ststement of A55ets. Owed to Klldollagh Parish Half Sha of YoLrth and Outreach work £2299.80: Staff costs £3856.85; Rertory maintenance £185- Administration costs £426.86. Total £6768.51 owed by Ballyrashane to Kildollagh Parish at Yle 31112124. On behalf of the Trustees Trustèe I Date 27 Apcil J025 Trustee 2 Date AP1 2G'2
Appendix A Notes to the financial statements for the year ended 31 December 2024 1. 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 expendrture included within the Receipts and Payments Account have been accounted for on a cash reiptS basis. (b) Statement 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 Herrtage assets as defined by the Charities SORP (FRS102). These Heritage assets are not included in the statement of assets and liabilities as informalion 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 th 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 is also 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 fittlngs The church organ is over 100 years old. There is no reliable record of the cost of this item and a valuation approach for such 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 offi - 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
Appendix A of Assets. Until 2022123 there were no additions to fixed assets aside from small items already included at cost in previous years accounts most of which have now reached the end of their effective life span. During 2023 a signrficant programme of refurbishment took pla. The value of the new or rep[arnent items added at that time have been included in the statement of assets at cost less 250k to reflect the fact that as each year passes the value of these items is moving towards a negligible amount. Illl Investments Fixed asset investments comprising investment in RCB unit trusts are initially corded at cost and then are subsequently stated at fair value at each year end. (lil) Gift Aid Gift Aid included in the Accounts for the Year Ended 31 December 2024 is as reiVed 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 for estimated fees chargeable by RCB. Liabilities (iv) Owed to Klldollagh Parish The total of £6768.51 was paid in full by Ballyrashane Parish on 1 March 2025 and represents Ballyrashane's share of Group expenses as detailed in note 2 in the Statement of Assets. 2. Movements in Funds Restrictsd Funds Building Fund Mission Fund Merle McNabb Fund £ 525.55 £ 400.00 0.00 0.00 Balance at 111124 Incoming Resources Transfer from General Fund Outgoing Resources £32,889.65 £ 7,282.70 0.00 £ 4,226.00 £ 720.00 £ 391.80 £ 395.20 £ 1,507.00 Balance at 31112123 £35,946.35 0.00 £ 925.55 Purposes of Restricted Funds Building Fund: This fund is to assist with major maintenance. renovation and conservation of the Church building, Glebe hall, Glebe lands and Graveyard. This includes the recurring expenses associated with graveyard rna1ntenan 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 charty 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 CMS Ireland Ibba Fund Bishop's Appeal Combat Stress Total 336.00 500.00 314.00 357.00 1,507.00
Appendix A 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 £458 in terms of food items donated. Merle McNabb Fund: This fund commenced during 2019. It was ComMend 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 for this purpose is included in the amounts owed to Kildollagh Parish. 3. Transactions with the Trustees The Parish pays no utility expenses relating to the Rectory with the exception of the domestlG 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 Rectorfs gross stipend was £19,203.50 less £1,646.04 employee pension contributions. In addition the Parish paid locomotory expenses of £3500 and office expenses of £462.50. These sums are in accordance with the minimum level of Stipend and expenses payable under Ihe 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, exclusive5y and necessarily in the pursuance of her duties which were in excess of the locomotory and Use of Office allowances amounts were paid by the Rector. 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 twstee and received £2,400 for playing at all Church services and providing music for online services. This post was filled 14 years ago after open competition. b) A relative of one trustee was reimbursed £110 for a reIpted expense in relating to the seniicing of the Glebe Hall Boiler by a qualrfied engineer. c) The Glebe land which was let at a commercial rate to one of the trustees. This transaction was fully disclosed to the Diocesan aulhorities to ensure that the conacre letting represented an arm's length transaction. d) The wife of one trustee was reimbursed £336.00 for receipted expenses in relation to the purchase of goods for the Christmas hampers. e) One trustee was reimbursed £46 for reIpted expenses relating to the purchase of weed killer; a second trustee was reimbursed £40 for receipted expenses relating the purchase of a first aid kit and a third twstee was reimbursed £60 for receipted expenses relating to minor repairs to the hall roof. 4. Governance Costs No governan 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 gratefvl for this generous act which it aptS does not establish a precedent.