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
3￿70.60
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, re￿Ived 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
alloWan￿S 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