St Paul's Parish Church. Kildollagh
Recelpts and Payments Account for the Year Ended 31 December 2024
Appendix A
{Restrirtedl
Mission &
Outreach
Fund
(Restricted)
Children's &
Youth
Mlnlstry
(Unrestrirtedl (Restrirted)
General Fund
Bullding Fund
IRestrlrted}
Parlsh Crafters
Total 2024
Total 2023
Receipts
Voluntary Glving
Legacies
Fundraising
Property Related Income
Sundry Income
Investment Income
Parlsh Crafters
Sub Total: Recelpt5
60.799.21
7,504.70
100.(K)
1,052.13
69,456.04
65,442.29
495.11
2,203.00
230.00
26,896.80
241.61
370.00
95,878.81
990.00
10.525.98
4,998.75
280.00
86,250.77
1.450.(X>
9,075.98
4,998.75
280.(MJ
280.
65,847.96
9.894.70
10,128.11
Payment5
Staff Costs
Property Costs
Charltable Attivitles
Administration Costs
Sundry Costs - Dloce5an
Assessment
34,831.62
11.221.80
34,831.62
13.327.62
11,109.25
2,132.Zl
34,677.31
36,7CQ.46
8,694.04
1,970.29
2,105.82
522.IXI
10.587.25
2.132.21
5.504.04
5,504.04
5,857.20
Sundry Costs Mlscellaneous
Parish Crafters
Sub Total: Payments
142.50
142.50
501.99
67,549.23
135.00
6.24
88,040.54
501.99
501.99
53,832.17
2,105.82
522.¢XI
10,587.25
SurpluslDeflclt for Year
Openln8 Balance
Closln8 Balance
12,015.79
7,788.88
-422.IXI
.221.99
459.14
18,701.54
236,561.55
255,263.09
7,838.27
228,723.28
236,561.55
Represented Bv:
Danske Bank Charlty Account
Danske Bank Fixed Term Account
Cash in hand (Churchl
Cash In hand (Parlsh Crafter51
55.207.32
200,000.
135,156.79
ioo,cx)o.r)J
1,027.CQ
377.76
236,561.55
55.77
255.263.09
On Behalf ol Trustees
Trustee I
IZ 2c•2
Iz APAIL aoa
Trurtee 2
Date

Kildollagh Parish Church
Statement of Assets and Liabilities as at 31 December 2024
Apper>dix A
Restrirted
Funds
Byildlng
Fund
Restrlrted
Funds
Mission
Fund
Restrirted
Funds
Parish
Crafters
Chlldrens &
Youth
Ministry
Fund
Un¥estrl(ted
Funds
General Fund
70ts1 at
31112124
Total at
3111212023
Cash Funds
Danske Bank Charity A/c
Dan5ke Bank Fixed Term Alc
Cash in Hand
Total Cash Funds
53,677.01
152,465.75
5rKI.c
47.534.25
827.31
203.00
55,207.32
2(M),(X)O.00
55.77
135.156.79
loo.￿0.00
1.404.76
236.561.55
55.77
206,142.76
48.0x25
883.08
203.(KI
255.263.09
Investment Assets
Investments in CIT Unit Tru51s
Investments In RC8 Unit Tr¢Jsts
Total Investment Assets
155.66
8,865.00
9,020.66
141.98
8.714.00
8.855.98
Assets- Income retelvable
Grant5 Awarded but not
6,950.00
Owed by 8al￿ra$ha￿e Parfsh
Glft Ald accrued on donatlons
4,468.71
19,725.08
2,299.80
6,768.51
19,725.08
0.00
19.188.99
Assets Retalned lor the
Rectory
175.C(Q C
I75,C￿.00
Other Assets- Non Heritage
Total Asststs Retalned for
Parlsh's own use.
6,033.C#)
8,044.00
181.033.00
183,044.00
Llabllltles
Owed to Ballyfa5hane Parish
for shared expenses
Total Llabllltle5
3.657.28
3.657.28
Notes
Jrants awarded but not
leceived
The balance of grnnts awarded by the Church of Ireland Priorities Fund and the Churth
Fabri¢ and Development Fund were recesved durln8 2024 and expended in full in
accordance wlth the temis of the grants.
Owed by Ballyrashane Parish
Half sh3ie of Youth and Outreèch work £2299.80,. Staff costs £3856.85; Rertory
Maintenance £18S- Administration Costs £426.86. Totsl £6768.$1 owed by
Ballyrashane to Kildolla8h for Yle 31/iy24
Other Assests- Non Herits8e
All non-herltage assets namely firtures and fitting with a limiteLI life span such as
electrical eouipement 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 a￿ regarded a5 having such a neglrgible value and are fiot
incl￿ed in the Statement of Assets.
On behalf of the Trustees
Trustèe I
Trustee 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 expenditure included within the Re￿iptS 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 Herstage assets as defined by the
Charities SORP (FRS102). These Heritage assets are not included in the statement of
assets and liabiltties 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 f￿ingS and equipment
acquired for the church building or Parish Hall in more recent times has already been
included in full in the Re￿iptS and Payments account for relevanl 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 value of these assets is
reflected in the Statement of Assets at cost less 250kn, to reflect the fact that as each year
passes the value of these items is moving towards a negligible amount.

Appendix A
{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
At the year-end no grants were awarded to the parish but not yet received.
(iv)Gift Aid
Gift Aid included in the Accounts for the Year Ended 31 De￿mber 2024 is as received
during the year. The value of Gift Aid accrued by the end of 31 De￿mber 2024 is
shown in the Statement of Assets. The amount shown is net of estimated fees
chargeable by the Representative Church Body.
(vl Owed by Ballyrashane Parish Church
The total of £6,768.51 was paid in full by Ballyrashane Parish on 1 March 2025 and
represents Ballyrashane's share of Group expenses as detailed on the Statement of
Assets.
2. Movements in Funds
Restrlcted Funds
Building
Fund
Balance at 111124
£ 40,245.37
Incoming Resources £ 9,894.70
Mission
Fund
£ 78.00
£ 100.00
£ 344.00
0.00
£ 522.00
Parish
Crafters
£1,105.07
£ 280.00
0.00
£ 500.00
1.99
Children's &
Youth Ministry
0.00
£ 10,128.11
£ 662.14
Transfer from General Fund £
0.00
Transfer to Building Fund £
0.00
Outgoing Resources £ 2,105.82
£10,587.25
Balance at 31112124 £ 48,034.25
0.00
£ 883.08
£ 203.00
Purposes of Restricted Funds
Building Fund: This fund is to assist with major rna1ntenan￿, renovation and conservation
of the Church building, Parish Hall, Graveyard and Rectory. This includes the recurring
expenses associated with graveyard Maintenan￿ which are substantial given the age and
topography of the graveyard. During the year outstanding grant funding of £1450.00 was
received in respect of major repair work undertaken in 2023. Plans and pemissions have
teen 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. A quinquennial inspection by a qualified building and conservation sunieyor was
undertaken during the year. This report confimied that ongoing Maintenan￿ is extending
the life of the church roof to allow time to secure the ne￿SSary funds to complete the
renovation work. Other essential maintenance works in respect of the church and the
rectory will be undertaken over the next 5 years in line WEth the report's recommendations.
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 as set out in the quinquennial report.
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.

Appendix A
Cash Charitable Donations
Royal British Legion
CMSI- Ibba Appeal
Total
22.00
500.00
522.00
Food bank donations were made in addition to cash donations to charities. The estimate value for
both Ballyrashane and Kildollagh was £458 in temis 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 £827.31 the Group ended the year with cash in hand of £55.77. During
the year the Parish Crafters transferred £500 from their fund to the church building fund as
a contribution towards their use of the hall.
Children's and Youth Ministry Fund: The scope of children's and youth work extends
beyond Kildollagh parish and into the communty. In addition to funding children's ministry
in the parish, this fund also finances Gathered youth fellowship, which seeks to reach out to
young people wrth little or no church connection. This work is undertaken in partnership
with other local parishes.
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 2024 the rates were paid by Ballyrashane 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 £447.06 was reimbursed to Trustees for
receipted expenses.
During the year 2024 Kildollagh Parish's share of the Rector's gross stipend was £19.203.50 less
£1,646.04 employee pension contributions. In addition the Parish paid locomotory expenses of
£3,500 and Offi￿ expenses of £462.50. These sums are in accordan￿ 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 offi￿ 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 excess of
the Locomotory and Use of Office alloWan￿S 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 accepts does not establish a precedent.