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
AP￿1 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 re￿iptS 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[a￿rnent 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 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 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 ComMen￿d 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 re￿Ipted 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 re￿Ipted 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 a￿ptS does not
establish a precedent.