Kildollagh Parish Church The Payish Church ofSI Paul's, Kildollagh Parish Accounts Year Ended 31 December 2022
St Paul's Parish Church, Kildollagh Receipts and Payments Account for the Year Ended 31 December 2022 (Restrlctedl Mlsslon & OutrÈa¢h Fund (Resiiktedl Chlldren's & Youth Ministry Iunrestrictedl IRe5trlctedl General Fund Building Fund IRestrictedl Parish Crafters Total 2022 Tot312021 Re¢eipt5 FWO/Envelope Scheme Gift Aid Loose Plate Collection Harvest Appeal Sundry Donations Grant Income RC8/prlorites Fund /ciYD Church ol Ireland Gazette Chari(able Attivitie5- 8apt15ms etc Graveyard Fees Parish Crafters Income Miscellaneous 41.375.10 10.493.63 445.21 1.090.00 6.91S.00 48.290.10 IOA93.63 IA95.71 Imo.00 370.60 45.582.(K) 10.641.45 138.20 535.(K) 200. 680.50 370.IM) 3.470.60 100.00 957.71 4.700.00 5ffi57.71 80.00 90.C 90.00 140.th) 320.th) 200.00 155.00 140.00 320.00 735.42 Transfers from Ballyr35hane Inve5trnent Incorne. RCB Income Investment Income- Bank Interest Sub Tot•l: Rerel t5 4,192.20 1,441.80 227.81 5,861.81 S.315.34 231.36 231.36 221.13 93.38 63,896.92 58,915.21 11,967.40 780.50 320.1)0 5,297.81 77,280.92 Payments Fees & Salarie5 Diocesan Costs (Assessment/ Ponsionl Graveyard Costs Glebel Building Costs Church Costs Glebe Costs- Rectory Rates Church Runnln8 Costs 27,587.IS 27,587.15 27,398.68 10,537.44 10,537.44 0.00 4,701.00 o.oo 0.00 10,587.96 1,250.00 8,248.80 309.00 719.29 0,00 4,701.00 2,148.13 1.148.13 2.266.06 Church Runnln8 Costs Insurance Church Runnlng Costs Water Char8es Church Running Costs Maintenance Church Runnlng Costs Consumables Charitable Activities.. Children & Youth 64.91 64.91 3,145.16 73.99 73.99 71.23 935.40 935.40 94.90 94,90 14,72 8,661.47 ,661.47 1,912.52 Charliable Donation5- Various 1.692.50 1.692.50 20.00 Administratlon Costs & Fees Church of Ireland Gazette Miscellaneous Parlsh Crafters.. Reduction in Cash in Hand sub Total.. Payments 1,658.98 120.00 loo.00 1,658.98 Izo.00 loo.00 2,336.73 140.00 106.00 106.IX) 58,526.15 43.320.90 4.701.00 1.692.50 8,661.47 58,381.87 SurpluslDeflcit for Year Openin Balance Closln¥ Balance 15,594.31 7,266.40 -912.11) 314.00 -3.363.66 18,899.05 209,824.23 228,723.28 5.370.77 204,453.46 209,824.23 Represented By.. Danske Bank Charity Account Cash In hand 228,709.28 14.Th) 228.723.28 209.804.23 20.(MI 209,824.23 On Behalf of rustees Trustee I Date Trustee 2 Date 15
Kildollagh Parish Church Statement of Assets and Liabilities as at 31 December 2022 Z35 Restrirted Childrens & Youth Ministry Fund Restrlrted Funds Buildlng Fund Restricted Funds Mission Fund Restrl¢ted Funds Parish Crafters Unrestrirted Funds General Fund Total at 31112122 Total at 3111V2021 Cash Funds Danske Bank Cash in Hand Total Cash Funds 185,837.13 0.00 42,144.84 0.00 0.00 727.31 14.00 228,709.28 14.00 209,804.23 20.00 185.837.13 42,144.84 741.31 228.723.28 209,824.23 Investment Assets Investments in CIT Unit Trusts 0.00 0.00 0.00 135.69 154.89 Investments in RC8 Unit Trusts Total Investment Assets 0.00 0.00 0.00 0.00 0.00 0.00 8,459.00 8,594.69 9,114.00 9.268.89 Grants Awarded but not yet recelved Church of Ireland Priorites Fund Treasure Ireland 10,500.00 10,500.00 9,200.00 9,200.00 Total Grant Income 9.200.00 10,500.00 19.700. 0.00 Assets Retalned for the Rectorv Other Assets- see notes to the accounts Total A5sests Retalned for Parlsh's own use. 175,CKJO. 175,tKJo.00 NIA NIA 175.(M)O.00 175,000.00 Llabllltle5 Owed to BallyTa5hane Pèrish for Insurance paid 2022-2023 Total L5ablllt5es 3,408.98 3,408.98 3,408.98 3,408.98 Notes Church of Ireland Prioritles Fund The amount shown is the maximum amount remaining Sn a two year grant thatls available for drawn down to meet qualifying expenditure only. Any balance of the grant remaining unused by 31 March 2024 will be retained by the Priorities Fund. Qualifying expenditure Is restricted to the Rural Youth Ministries Project. Treasure Ireland The amount shown is the maximum amount awarded subject to qualifying expenditure and is restricted to the Urgent Repairs Work Project. The total grant payable will not exceed £9,2000 or 50% of the qualifying expenditure if this is a lesser amount. Insurance By agreement the full insurance premium for all church property for the Grouped Parishes of Ballyrashane and Kildollagh is paid annally by Ballyrashane Parish before the due date. The proportion due from Kildollagh being reimbursed to Ballyrashane. Thls reimbursement did not happen until after the financial year end and $0 the amount owed by Kildollagh to Ballyrashane is shown as a liability. On behalf of the Trustees Trustee I Trustee 2 I9. -23 IL
Notes to the financial statements for the year ended 31 December 2022 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. (al 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 retained for the Parish's own use The assets of the Parish. retained for its own use comprise'.- Church Building and Graveyard Parish Hall Rectory 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. The Parish Hall is a porta-cabin building. It is a temporary building and as its cost was accounted for in full through the Receipts and Payments Account for the year in which it was acquired, it has not been accounted for again through the Statement of Assets. The Rectory is recognised at deemed cost, being the estimated fair value of the property at £175,000. No depreciation has been provided on the glebe house as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. The Rectory also accommodates the 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 an electric organ purchased over 20 years ago.. 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 of such age 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 heritage assets referred to above, the cost of fixtures and fittings and equipment acquired for the church building or Parish Hall in more recent times has already been included in full in the Receipts and Payments account for relevant years and so are not accounted for again in the Statement of Assets. The full cost of office equipment owned by the Parish was included in the accounts for the relevant year of acquisition and so is not accounted for in the Statement of Assets.
{ii) Investments Fixed asset investments comprising investment in RCB unit trusts and CIT Unit Trust are initially recorded at cost and then are subsequently stated at fair value at each year end. (iii) Grants Awarded but not yet paid During the year two grants were awarded to the Parish but were not received in full as the total of the qualifying expenditure had not be incurred by the year end . Statement of Assets reflects the maximum award still remaining to be claimed for each grant but the actual amounts payable may be less depending on the final total of qualifying expenditure as explained in notes 1 and 2 of the Statement of Assets. (iv>Gift Aid Gift Aid included in the Accounts for the Year Ended 31 December 2022 is as received during the year. As in previous years no account has been taken of Gift Aid due at the year end. (vl Liabilities See note 3 on the Statement of Assets. This is an inter Group liability. The Parish has no other liabilities at the year end. 2. Movements in Funds Restricted Funds Building Fund Balance at 111122 £ 34,878.44 Incoming Resources £ 11,967.40 0.00 Mission Fund Parish Crafters £ 407.31 £ 320.00 Children's & Youth Ministry 0.00 £ 5,297.81 0.00 £ 780.50 Transfer from General Fund £ 0.00 Outgoing Resources £ 4,701.00 £ 912.00 £1,692.00 0.00 0.00 £3,363.66 £8,661.47 Balance at 31112122 £ 42,144.84 £ 00.00 £ 727.31 0.00 Purposes of Restricted Funds Building Fund: This fund is to assist with major maintenance, renovation and conservation of the Church building, Parish Hall, Graveyard and Rectory. This includes the recurring expenses associated with graveyard maintenance which are substantial given the age and topography of the graveyard. During the year professional fees were paid to firm of historic building surveyors to design and oversee urgent repair work to the church building. Grant funding was also applied for and awarded in respect of this work and further grant aid will be applied for upon completion of the work. In addition plans and permissions were lodged with the Representative Church Body to indicate the intention of the Select Vestry to commence major renovation of the church roof when funding becomes available. It is anticipated that this project will take a number of years to complete. The condition of the roof classes the renovation as necessary but not urgent.. Costs incurred in respect of the Rectory are shared equally with Ballyrashane Parish. This fund is subject to regular review to ensure that it is at a level appropriate for the projected needs of the parish. Mission & Outreach Fund . This is to fund mission and charity work at home and overseas. The urgent nature of mission and charity needs means that the balance in this fund is usually spent by the end of each year with any shortfall in special collections being made up from the unreserved General Fund.
Cash Charitable Donations Royal British Legion CMS Ibba Bishops, Appeal Ukraine Total 22.00 990.00 680.50 1692.50 Food bank donations were made in addition to cash donations to charities. The estimate value for both Ballyrashane and Kildollagh was £635 in terms of food items donated. Parish Crafters Fund . This fund relates to a fellowship group who exercise a prayer ministry for the sick and utilise their craft skills to support the work of the parish, and other charitable activities Children's and Youth Ministry Fund: Payments all relate to children's and youth ministry expenses for Kildollagh Parish. The Youth Intern expenses for both Ballyrashane and Kildollagh. Ballyrashane Parish reimburses any expenses specially related to that parish. and the Rural Youth Ministries Project for all parishes involved. The scope of children's and youth work extends beyond Kildollagh parish and into the community. 3. Transactions with the Trustees As the Rectory is recognised as a tied property it qualifies for Domestic Exemption and District Rate Subsidy. The reduced rates on the property and property maintenance were the only expenses paid by the parish in respect of the Rectory. Each parish meets the cost of the rates by alternate years. During 2022 the rates were paid by Ballyrashane Parish. No trustee, apart from the Rector, reIved any remuneration during the year. Reimbursement to trustees in respect of any authorised expenses that they have incurred on behalf of the Parish are only reimbursed on production of receipts or proof of payment. A total of £2,903.97 was reimbursed to a total of four Trustees for receipted expenses. During the year 2022 Kildollagh Parish's share of the Rector's gross stipend was £16,666 less £1,400 employee pension contributions. In addition the Parish paid locomotory expenses of £3295 and office expenses of £400. 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 alloWanS 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 excess of the locomotory and Use of Office allowances amounts were paid by the Rector without reimbursement. Expenses incurred by the Rector above these amounts were paid by her without reimbursement with the exception of £1,053.90 receipted expenses in relation to the purchase of candles and church supplies, an AV projector for use in church and by parish groups and expenses in relation to Rural Youth Ministries and Mission. The amount of £1,053.90 is included in the total expenses reimbursed to Trustees of £2,903.97 as stated above. No twstee or person related to a trustee had any personal interest in any contract or transaction entered into by the Parish during the year. 4. Governance Costs No governance costs were incurred during the year in respect of fees paid to the Independent Examiner who kindly donated his time and expertise to the Parish free of charge. Kildollagh Parish is extremely grateful for this generous act which it accepts does not establish a precedent. 11