Kildollagh
Parish Church
The Parifh Ch74rch ofst Paul's, Kildollagh
Parish Accounts
Year Ended
31 December 2023

Appendix A
st Paul's Parish Church. Kildollagh
Receipts and Payments Account for the Year Ended 31 December 2023
(Restricted)
Mission &
Outreach
Fund
(Restrirted)
Children's &
Youth
Mlnistry
{Unrestrictedl (Restrlrtedl
General Fund
Building Fund
(Restrirtedl
Parish Crafters
Total 2023
Total 2022
Recelpts
Voluntary Giving
Legacies
Fundraising
Property Related Income
Sundry Incorne
Investment Income
Parish Crafters
Sub Total: Recelpts
57,113.55
6,998.(J)
495.11
2,203.(K)
160.00
14.715.19
682.00
648.74
65A42.29
495.11
2,203.00
230.
26,896.80
241.61
370.00
95,878.81
63,930.04
1,000.00
loo.00
140.00
11.559.52
231.36
320.00
77,280.92
70.00
5,535.67
241.61
6.645.94
370.00
370.00
62,960.83
24.571.30
682.C()
7.294.68
Payments
Staff Costs
Property Costs
Charitable A¢tlvltles
Admlnlstration Costs
SundryCosts- Diocesan
Assessment
34,677.31
10,229.69
34,677.31
36.700.46
8,694.04
1,970.29
32.563.15
8,018.33
10,353.97
1,658.98
26.470.77
604.00
8,090.04
1.970.29
5.857.20
5,857.20
5,561.44
Surbdry Costs Miscellaneous
Parlsh Crafters
Sub Total: Payments
135.00
135.00
6.24
88,040.54
220.CKJ
6.00
58,381.87
6.24
6.24
52,869.49
26,470.77
604.00
8,090.04
SurpluslDeflclt for Year
OpeThlng Balance
Closing Balance
10.091.34
-1,899.47
78.00
363.76
-795.36
7,838.27
228,723.28
236,561.55
18,899.05
209,824.23
228,723.28
Represented By:
Danske Bank Charity Account
Danske Bank Flxed Term Account
Cash in hand (Church)
Cash In hand (Parish Craftersl
135,156.79
100.ooo.00
1.027.00
377.76
236.561.55
228,709.28
14.C%)
228,723.28
On Behalf of Trustees
Trustee I
Date
giJ24•
Trustèè 2
(Jaou
Date

Appendix A
Kildollagh Parish Church
Statement of Assets and Liabilities as at 31 December 2023
Restricted
Childrens &
Youth
Ministry
Fund
Restricted
Funds
Building
Fund
Restrirted
Fvnd5
Mlssion
Fund
Restricted
Funds
Parish
CTafters
Unrestricted
Funds
General Fund
Total at
31112123
Total at
3111212022
Cash Funds
Danske Bank Charity Alc
Dan5ke Bank Fixed Temi Alc
Cash in Hand
114,351.48
79,754.63
1,027.00
195,133.11
20,000.00
20,245.37
0.00
78.00
0.00
727.31
135,156.79
ioo,000.00
1,404.76
236,561.55
228,709.28
0.00
14.00
0.00
0.00
377.76
1,105.07
0.00
Total Cash Funds
40.245.37
78.00
228,723.28
Investment A55et5
Investments in CIT Unit Trusts
Investment5 in RCB Unit Trusts
Total Investment Assets
0.00
0.00
0.00
0.00
0.00
141.98
8,714.CX)
8,855.98
135.69
8,459.00
8.594.69
0.00
Grants Awarded but not
received by 31112123
Church of Ireland Priorites
Church Fabric & Development
FLtnd
Total Grant Income
5,500.00
5.500.00
io,soo.00
1,450.OQ
1,450.00
1,450.00
6.950.00
9,200.00
19,700.IJO
0.00
5,500.00
Assets Retalned forthe
Rectory
other A55ets ot ¢05t- see
notes to the accounts
Glft Ald accrued on donatlons
at year end.
Total Assests Retained for
Parish's own use.
175,1)JO.00
175,000.00
2,644.00
5,400.00
8,044.00
NIA
19,188.99
19,188.99
18,603.52
21,832.99
sAoD.00
183,044.00
175,000.00
Uabllltles
Owed to Ballyrashane Parish
for Insurance paid 2023-2024
Total Llabllltle5
3,657.28
3,657.28
3,657.28
3,657.28
3,408.98
3,408.98
0.00
0.00
Notes
Churth of Ireland Priorities
Fund
The amount shown is the maxlmum amount remainiri8 In a two year grant that Is
available for drawn down to meet qualifying expenditure relatln8 to the Rural Youth
Minlstrles Project. The Brant W35 received on 211212024
Church Fabr1¢ & Development 2 The amount shown is the maximum amount awarded. The grant relate5 to the Urgent
Fund
Repairs Project that Wa5 completed in 2023. The Grant was received on 151112024.
Insurance
By agreement the full Insurance premium for all church property forthe Grouped
Parishes of Baltyrashane and Kildollagh 15 paid annally by B3llyrash3ne Parish before
the due date. The propDrtlon due from Kildollagh being reimbursed to Ballyrashane.
This reimbursement did not happen until after the financial year end and so the
amount owed by Kildollagh to Ballyrashane is shown as a liability.
On bèhalf olthe Trustees
TTUStee I
Trustee 2

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 Receipts and Payments Account and the Stalement 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 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 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 ReGtory 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 re￿nI 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. As these items were all smaller electrical
equipment items purchased over five years ago their value is now negligible. However,
during 2023 new AV equipment, and upgraded sound equipment was added to the church
as was a new carpet to a previously uncarpeted area. The cost of these assets is reflected
in the Statement of Assets.

Appendix A
(li) Investsnents
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.
liii)Grants Awarded but not yet paid
During the year two grants were awarded to the Parish but were not received by the
year end. The value of the grants is show in the Statement of Assets. In both cases
the grant from the Church of Ireland Priorities Fund and the grant from the Church
Fabric and Development Fund were received in 2024.
(iv)Gift Aid
Gift Aid included in the Accounts for the Year Ended 31 December 2023 is as received
during the year. The value of Gift Aid accrued by the end of 31 De￿rnber 2023 is
shown in the Statement of Assets. The amount shown is net of estimated fees
chargeable by the Representative Church Body.
{v) 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 111123
£ 42,144.84
Incoming Resources £ 24,571.30
Mlsslon
Fund
Parish
Crafters
£ 741.31
£ 370.00
0.00
6.24
Children's &
Youth Ministry
0.00
£ 7,294.68
£ 795.36
£8,090.04
0.00
£ 682.00
0.00
£ 604.00
Transfer from General Fund
0.00
Outgoing Resources £ 26,470.77
Balance at 31112123 £ 40,245.37
£ 78.00
£ 1,105.07
£ 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 finn of historic
building surveyors to design and oversee urgent repair work to the church building. Grant
funding was applied for and awarded in respect of this work. Most of the grant funding was
re￿iVed during the year with a balance of £1450.00 not received until 2024. Plans and
permissions have been lodged with the Representative Church Body to indicate the
intention of the Select Vestry to commence major renovation of the church roof when
sufficient 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. 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 & 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 balan￿ in this

Appendix A
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
Bishop's Appeal- Crisis Fund
Total
22.00
582.00
604.00
Food bank donations were made in addition to cash donations to charities. The estimate value for
both Ballyrashane and Kildollagh was £415 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. In addition to the Fund held by the Church in the Danske Bank Charity
Account totalling £727.31 the Group commenced the year with cash in hand of £14. At the
year end the Group had cash in hand of £377.76 whilst the Fund held by the church in the
Danske Bank Charity Account remained at £727.31.
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 2023 the rates were paid by Kildollagh Parish. No trustee, apart from the
Rector, received 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 £1,826.00 was reimbursed to a Trustee for
receipted expenses.
During the year 2023 Kildollagh Parish's share of the Rector's gross stipend was £18,165 less
£1,525 employee pension contributions. In addition the Parish paid locomotory expenses of
£3,500 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 Office allowances amounts were paid by the Rector without
reimbursement.
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.
4. Governance Costs
No governan￿ 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 aC￿ptS does not establish a precedent.