St Paul's Parlsh Church, Klldollagh Receipts and Payments Account for the Year Ended 31 December Z025 Appendix A (Restrktedl Chiktven's & (Restricted) yOh Mi55ion & Mlnlstry Iunresrrktedl IRtstrfttedl Outre•th IRe5trlrtedl Gathed General Futtd euilding Fuhd Fund Path Cr•fr• Mlnlsirl•s Tot•1 2025 Totsl 2024 R•celpts Voluntary GI& Le8acles Fundralsing Property Related Income Sundry Income Investment Income Parlsh Crafter5 SubTotal.. Reeelpts 63.952.¢ 6.026.40 IL. 70rnAO 69.456.04 990.00 10,525.98 4.998.75 280.00 86.250.77 6.768.51 8.228.32 2,296.¢xi 34.459.05 43.52a.56 218.32 164.th) 122.374.28 J64.(Q J64. 78,948.83 8,702.40 Ico.( 34.459.05 P•yrnnts Staff Costs Property Costs Charitable Attlvltles Adminlstratlon Costs Sundry C05t5- Dlocesan Assessment 34,849.55 8.096.29 34,849.$5 17.699.75 20,479.30 1.961.87 34,831.62 13.327.62 11,109.2S 2,132.21 9.603.46 184.LKI 20,295.30 1,961.87 6,099.C%l 6.099.00 5,504.04 Sundry Costs Mlseellaneous Parlsh Crafter5 SubTotil.. PiymeNs 292.5) 292.50 142.50 501.99 67,549.23 51.299.21 9.603.46 184.0) 20,295.30 81.381.97 SurpluslD•fktt for Ye¥ Openln8 Balance CIosln8 B•l4nr• 27.649.62 .1.[ 164.C 14.163.75 4OJ92.31 255.263.09 296,255.40 18.701.54 236,561.5S 255,263.09 Repres•rrted Bv: Danske 8ank Charlty Account Danske Bank Fixed Term Account Cash in hand (Church) Cash Sn hand (Parish Crafttrsl 95,471.J3 55.207,32 2{,(.00 2,l.0) 564.30 219.77 296255.40 55.77 255.263.09 On 8?N0fT$t¢¢s Trustee I D•t• 21-ty.2 Tnmtee Z
Kildollagh Parish Church ststement of Assets and Liabilities as at 311)ecember 2025 AppdIX A yiii CNldreths & Ythrth Vlntstry" Gathered MithistsiÈs FurMI Fu$ Bld1 Fund Fwds Total •t 31112125 Total at 3111212024 Gerwal Fw)d tash Funds Danske Bankcharw AI¢ Dan5ke 8ank Fixed Tem) Alt Cash In Hand Total Cash Fuhds 63.888.33 167.887.21 I5.(.[1 32.112.79 20.C 827.31 15.755.69 95,471.33 2(M).(.[l 784.07 55,207.32 2(K),OW.00 55.77 219.77 232.119.84 47,lJl.79 1,047.08 15,755.69 294255.40 255,263.09 In¥estmeffl Assets Investments in CIT UnitTrusts Investments in RCB Unir Tnjsts Tot•1 InvÈstm¢ntAsts 159.61 9.663.89 9023.so 155.66 8,865.00 9.020.66 A¥¥•ts. IrKome re¢efvoble Owed by 8¥lllntoy Parfth Owed by Boll shan• P¥lth Glft Ald accvutd donatlons y •nd. 163.05 163.0S 5.842.35 50.55 5m2.90 6,768.51 20.023.74 202?4 19,72S.08 Asstts ft¢tsin¢d forth Parfth's Rertory Other Assets- Non Heritage Tot1 1+#ts R•taldIOrP•rl'l owth 175.1)XJ.ts) 4.657.46 175,Cth.fp) 6,033.LX) oo 179,657.46 181,033.Cll Uabllttl Owed to Baltyr•th•ne P•rl¥h for th•red expenses Tot41 Uabllrthl o. om o.oo ofy) ox Not•s Children's & YLKrth Mini4try Fund Owed to KiklolLi8h Pad5h Tht5 fund asGathertd Mknlstth Is a reco8nlsed Pionee Minlstryofthe Church of IrÈland and is operared by Kildolla8h Parish in Partnership wth Sfx other Church of Irelond arishes. At ther tnd Bjllintoyand BalShae P¥rishe50wed a lotal ol£Z13.f4Jto fjathereed Mlnistrtek Theseamountswere recelved ty Kildolla8h in January /February 2026 Owed by Balwshne Parfsh The total 01 £s.892.¢Md ty BJltyrIshato KMdolWlorYle 31112125 comprise5 0$¢and18 Gathpred expenses oF£50.55 and 8•llyTah3nes' share of parochlalgroup expenses totalllng £5.842.35 reprewting&aflcosts£377I.. Rectoryrepwr c05ts£1640,. mihi%tnthX CQstsQ49..45and Mts$n share tosts £81. Other Assests- Non Herh8t I n-herItage as5 Mmelyfixtures arKI IIttknBwiih a limited lrfe wn suth •5 electrk31 e4uipementand soft fvrn15hlngs are shown at C05t htheyearof purchase wf(h the value bel redvcett 25 % in eh subsequent year. All suth assetswhKh are ¢)ver 5 yearsokl are rewdedas hav)8 Suth a valueand are not incwed inthe Statemertofknet5. On behallolth•7rustWS 21--2
Appendix A Notes to the financlal statements for the year ended 31 December 2025 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. la) Receipts and Payments account All items of income and expenditure included within the R8CeiPts and Payments Account have been accounted for on a cash receipts basis. (bl Ststernent of Assets and Liabilities {1) Assets retalned for the Parlsh'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 bullding and Graveyard are deemed to be Heritage assets as defined by the Chanties SORP {FRS102). These Heritage assets are not included in the statement of assets and liabilities as infomiation on the cost or valuation is not available and such information cannot be obtained at a cost commertsurate ryth the benefrt to the Users of the accounts and to the parish. Th8 Parlsh Hall is a porta-cabin building It is a temporary building and as its cost was accounted for in full thr¢xh 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 Re¢tory is recognised at deemed Cost, being the eskn'mated fair value of the property at £175,000. No depreciation has been provided on the glebe house as the current estimated residual value 18 not less than rts carrying value and the remaining useful life cuentlY exceeds 50 years. The Rectory also accommodates the Pansh Office and church r8POSltory Costs inCued in respect of the RectorylParish Office are shad equally between Kildollagh Parish and Ballyrashane Parish. Fixtures and fitting8 The church organ is an electric organ purthased over 20 years ago. There is no reliabk8 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 ststement of assets and liabilities. Church plate and other fixtures and ffftings 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 exduded from the statement of assets and liabilrthqs. Aside from herrtage assets referred to above, the cost of fixlures and fittings and equipment acquired for the church building or Parish Hall in more rent 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 rtems were all smaller ekctrical equipment rtems 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 reflerted in the Statement of Assets at cost less 50%. to reflect the fact that as each year passes the value of these items is moving towards a negligible amount.
Appendix A (li) Investments Fixed asset investments comprising investment in RCB unrt trusts and CIT Unit Trust are initially recorded at cost and then are subsequently stat8d at fair value at 8ach year 8nd. {111) Gathered Children's and Youth Minlstry- Amounts ow8d by other Parlshes See below for a full explanation of the Gathered- Children's and Youth Ministry Fund. At 31 December 2025 Kildollagh was owed a total of £213.60 by Ballyrashane and Ballintoy Parishes as shown on the Statement of i .ssets. The outslanding amount was deared by payments received during January anc February 2026. (Iv)Gift Ald Gfft Aid included in the Accounts for the Year Ended 31 December 2025 is as received during the year. The value of Grft Aid accrued by the end of 31 Decèmber 2025 is shown in the Statement of Assets. The amount shown is net of estimated fees chargeable by the Representative Church Body. {v> Ow8d by 8allyrashane Pari$h Church The total of £5,892.90 was paid in full by Ballyrashane Parish on 25 February 2026 and represents Ballyrashane's share of Group expenses and Gathered expenses as detailed on the Statement of Assets. 2. Movemonts In Funds Gathered Chlldren's & Youth Minl8try 203.00 £ 34,884.65 871.18 Restrlcted Funds Building Fund Balance at 111125 £ 48.034.25 Incoming Resources £ 8,702.00 Trater frrxn GerÉral FU £ 0.00 Transler to Building Fund £ 0.00 Outgoing Resources £ 9.603.46 Mission Fund Parlsh Crafters £ 883.08 £ 328.40 0.00 £ 73.40 £ 91.00 0.00 £ 100.00 £ 184.00 0.00 £ 184.00 £ 20,203.14 Balance at 31112125 £ 47,132.79 £ 100.00 £ 1047.08 £15,755.69 Purpo808 of Roslrlcted Fund8 Bulldlng Fund: This fund is to assist with major maintenance, renovation and conservation of the Church building, Parish Hall, Graveyard and Rectory. This inciudes the recurring expenses associated Mth 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 Fermissions have been lodged wth the Representative Church Body to indicate the intention of the Select Vestry to commence major renovation of the churth roof vthen sufficient funding becomes available. A quinquennial inspection by a qualified building and conservation surveyor was undertaken during the year. This report confimed that ongoing mainlenance is extending the lrfe of the thurch roof to allow time lo secure the necessary funds to complete the renovation work. Other essential rnaintenancE works in respect of the church and the rectory will be undertaken over the next 5 years in line wilh 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 rt is at a level appropriat8 for the projected needs of the pansh as set out in the quinquennial report.
ApndiX A Mission & Outreach Fund . This is to fund mission and charity work at home and overseas. The urgent nature of mission and charrty needs means that the balance in this fund is usually spent by the end of each year wth any shortfall in special collections being made up from the unreserved General Fund. Cash Charltable D(at10Th$ Royal British Legion CMSI - Ibba Appeal Total 22.C(I 500.¢J) 522.00 Food bank donations were made in addition to cash donations to charities. The estimate valu8 for both Ballyrashane and Kiklollagh was £458 in tems of food rtems donated. Parlsh 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 chantable activities. In addition to the Fund held by the Church in the Danske Bank Charity Account totalling £827.31 the Group ended the year hth 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 tovmrds their use of the hall. Gathered . Children's and Youth Mlnistry 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 finan¢es Gathored Mlnlstrfe8 whith seeks to reach children, young people and their families with little or no church connection and 18 undertaken in partnership with six other Church of Ireland Parishes. This project is ognised as a Pioneer Ministry by the ChLtrch of Ireland and as such was awarded Grant funding for five years. Ea¢h parish within the Gathered Partnership has responsibi1Sty for a designated aspect of its organisation. Kiklollagh is responsible for the Gathered Partrsership's finances and reports to the Financ8 Committee of the Partnership. The Gathered Partnership is governed by a Mernorandum of Understanding and Protocols which have been agreed and swned by the Select Vestries of each of the Partner parishes. Under the Memorandum of UnderstandiThJ the Seled Vestries of the Partner Parishes have overall SponsIbl11ty for Gathered Ministries but delegate operational ministry to Partnership COMMe8 comprising the Pioneer Minisler in training and the incumbents of the Partner parishes. Oversigm of Gathered's fInanS and assets 1$ delegated to th8 Galhered Finance Commrttee compnsing the Incumbents and Honorary Treasurers of each of the Partner parishes. Kildollagh Parish produ$ monthly financial reports and invoices for partner parishes vtho in turn contribute towards expenses by reference to an agreed proportion. ummary of Gathered Mlnlstry Income and Expenses for Y•ar Ended 31 December 2025 Openlng Balance at 111125 Total Income ReiVed from Partner Parishes. Grants and Donations £34459.05 Kildollagh Pansh £871.18 Outstanding Partner Parish Contributions £213.60 PAYE Overpayment 24125 £176.00 Admin charge not yet allocated to Partner Parishes £ 36.00 Total Incomlngs Yle 31 December 2025 Total Expenditure as per Accourrts Less end of year adjustments. Loss: Total Outgolngs Yle 31 December 2025 Closlng Balancè at 31 Decèmber 2025 £203.00 £35,755.83 £ 20,295.30 £ -92.16 -£20,203.14 £15,755.69
Appendix A 3. Transactions wlth the Trustees As the Rectory is recognised as a tied property it qualtfies for tk)mestic Exemption and District Rale Subsidy. The reduced rates on the proiierty and propety maintenance were the only expenses paid by the parish in reSct of the Rectory. Each pansh meets the cost of the rates by alternate years. During 2025 the rates were paid by Kildollagh Parish. No trustee, apart from the Redor, received any remuneration during the year. Reimbursernent to trustees in respect of any authorised expenses that they have incurred on behalf of the Parish are only reimbursed on produdion of receipts or proof of payment. A total of £312.00 was reimbursed to Trustees for receipted expenses and £388.00 was reimbursed to a husband of a Trustee for receipted expenses incurred in respect of graveyard grount)Ivorks. During the year 2025 Kildollagh Parish's share of the Rectorfs bross stipend was £19,203.50 less £1,646.04 employee pension contributions. In addition the Parish paid locomotory expenses of £3,500 and office expenses of £462.50. These sums ar8 in accordan with the minimum Ve1 of stipend and 8xpenses payable under the regulations of the General Synod of the Church of Ireland. The Redor meets in full her PAYE liabilty. NIC and pension contributions which are deducted from her gross stipend before payment. Locomolory and Use of Office are treat8d as round sum allowances and are subjected in full to PAYE and NIC. Expenses incurred by the Rector, wholly, exclusively and necessarily in the pursuan of her duties which were in excess of the Locomotory and Us8 of Office allowances amounts vRre paid by the Rector without reimbursement. No trustee or person related to a trustee had any pèrsonal interest in any contract or transaction entered into by th8 Parish during the year. 4. Governan¢• Costs No gov8rnance Gosls were incurred during the year in resFect of fees paid to the IndeFendenl Examiner who kindly donated his time and expertise to the Parish fr88 of charge. Kildollagh Parish 18 extr8mely graleful for this generous ad which it accepts does not establish a precedent.