PARISH OF KILCONRIOLA AND BALLYCLUG Annual report and financial statements For the year ended 315t December 2023 Charities Number: NIC103115
PARISH OF KILCONRIOLA AND BALLYCLUG Annual report And financiAI st4ltements for the year ended 3 1st December 2023 Contents Pages References and adminislralive details Trustees, Ani)ual Report Independent examiners, port to the Trustees Statement of financial aclivilies Statement of financial positionlBalance sheet Notes to the financial statements 10- 18
PARISH OF KILCONRIOLA AND BALLYCLUG References and administrative details Charity Name: Parish of Kilconriola and Ballyclug Charity Registration Number: NIC103115 Contaet Address= St Patrick's Church Office Castle Street Ballymena BT43 7BT Trustees Trustees from 01.01.2023- 19.04.2023 Rev. Mark Mcconnell. Mr D Dunlop, Mr R Flemlng, Mr A Marrs. Mrs V Greer, Mr A McNeill, Mrs S Doak, Mr W Burnett, Mrs H Wcir. Mr A Adair, Mrs L Bell, Mr J Greer, Mr J Graham. Mr J Mawhinney, Mrs l Mawhinney, Mrs C Sloan, Mrs J Cunninghwn. Mr R Atkinson. Mr B Taylor. Trustees from 19.04.2023- I3.06.2023 Rev. Mark Mcconnell, Mr Alex McKay, Mr Ronnie Fleming, Mrs Vera Greer. Mrs Sharon Doak, Mrs Carol Sloan, Mr J Greer. Mr Robert Atkin50n, Mr Adam Mccurdy. Mr5 Donna Mccurdy, Mr Alan Cooke. Mrs Jaclyn Richardson, Mr Peter Chestnutt, Mrs Lynda Bell, Mrs Susannah Foster. Ms Elizabeth Peachey, Mr John Graham. Mrs Donna Mccurdy, MT Jim Mawhinney. Mrs Irene Mcconnell Trnstees from 13.06.2023 - 31.12.2023 Rev. Mark Mcconnell, Mr Alex McKay, Mr Ronnie Fleming, Mrs Sharon Doak. Mrs Carol Sloan, Mr Robert Atkinson. Mr Adam Mccurdy, Mrs Donna Mccurdy, Mr Alan Cooke, Mr Peter Chestnutt. Mrs Lynda Bell, Mrs Susannah Foster, Ms Elizabeth Peachey, Mr John Graham, Mrs Dotma M¢Curdy. Mr Jim Mawhinney, Mrs Irene Mcconnell. Trustees rovin thi5 re ort Rev. Mark Mcconnell, Mr Ronnie Fleming, Mr Alex McKay, Mrs Sharon Doak, Mrs Carol Sloan, Mr Jim Mawhinney, Mrs l Mcconnell. Mr Robert Atkinson, Mr John Graham, Mr E Lynn, Mrs Lynda Bell. Mrs Susannah Foster. Mrs Elizabeth Peachey. Mr Adam Mccurdy, Mr Peter Chestnutt. Mr Jim Ross, Mrs Jean Ross, Mr John Graham. Mrs Deborah Bennett, Mr Ken Hughes, Mr Larry Cunningham, Mr Richard O'Neill. Principal Office-bearers Clergy.. Church Treasurer: Rev. Mark Mcconnell Mr David M¢gaughin (01/0 IQ023 to 1710312023) Mrs. I Mcconnell (from 0910512023 10 3111212023 Mr. J Mawhinney Mrs. l Mcconnell Church Warden- Clergy: Church Warden - People: Independent Examiner lan Johnston (A.F.A.) For and on behalf of Stevenson and Wilson Chartered Accountants 22- 30 Broadway Avenue Ballymena B T43 7AA Battkers First Trust Bank 78 Wellington Street Ballymena B T43 6AF
PARISH OF KILCONRIOLA AND BALLYCLUG Trustces. Annual Report for the year ended 31st December 2023 The Irtsslees present the annual report and accounts for the Parish of Kilconriola and Ballyclug for the year ended 31st December 2023. Objectives and Activities The charitable purpose of the Church of Ireland is the adv&ncement of religion. The principal function of the Parish of Kilconriola and Ballyclug is to support the advancement of the Christia religion by promoting. through the work of the Parish of Kilconriola and Ballyclug the whole mission of the Church. pastoral. evangelistic, social and e¢umenical. Being open lo and engaging with society as a whole and offering support for those needing help are fundamental to the practical delivery of the benefits of Chrislianily. As a result of activity in the pursuit of the advancement of the Christian religion, the Parish of Kilconriola and Ballyclug h&£ custody of property and of records, materials and artefacts of significance to the eulturdl and religious heritsge and maintenance of which is undertaken by the select vestry of th¢ Parish of Kilconriola and Ballyclug. Achievements, Performance & Public Bentfit The Charity exists to further the teachings of Jesus Christ, principally within our locale, lo promote His leaching to ¢lny and all who may be willing lo leam and lo encourage and enable His followers to take to heart His example and try to lead their lives according to that example as best they might. How have we acted lo fulfil our purpose? There have been regular Services of Public Worship which were open to all throughout the year in all three of our Churches on Sundays (and mid-week in Castle Stre¢t) with additional Services provided for particular outside organisa¢ion5 when requested. Our Clergy and lay-people have made great effort lo provide pastoral ministry, particularly to the sick, the elderly and the young, and not only to parishioners but to anyone in the wider community who we could be of help to as wc became aware of their need. The Parish has dedicated Youth Workers who commit long hours of effort to supporting local youngsters through our Youth Club and edu¢ating them in the Christian religion through participation in Sunday School and Confirniation classes, and engaging with others through joining in events at the levels of our Rural Deanery and Diocese. The Parish also facilitates a range of organisalions for people of all ages, and these are welcorning to anyone who wishes to take pa¢ whetlier or not they are members of the Church. We also like lo support our local community by providing use of our premises lo outside organisations where possible, for fund-raising events perhaps or regularly hosting the Blood Transfijsion Service. We have ¢onlinued lo donate to and support our local Food-bank (organised by the Trussell Trust) and given financial support lo a variety of other local ¢haritable causes. and some farther afield. The Parish also provides a source of archived records, and welcomes visitors to simply enjoy the historic buildings and their fittings and furnishings which are privileged to be the custodians of, principally th¢ Church of St. Patrick in Castle Slreel, Ballymena which is a grade B listed building. The general public benefit from 811 OF these activities and resources, and no Trustee (other than clergy) receives remuneration, reward or oiher private benefit for carrying out their responsibilities as Trustees. In carrylng out their responsibilities tlie Trustees have at all limes had due regard lo and complied with the guidance issued by the Charity Commission under Section 4(b) of the Charities Act. Tlie Parish has given Careful consideration to the Cl)arity Commission for Nortl)eni Ireland's guidance on public benefit to ensure that tlie actives entered into during 111¢ year have lielped lo acliiev¢ the Parisli's objectives and activities, as well as providing public benefit.
PARISH OF KILCONRIOLA AND BALLYCLUG Trustees, Annual Report for the year ended 31st December 2023 (¢ontinued) Financial Revlew The Parish maintains two current accounts- with a General Account to meet out working expenses, and a Property Account to cover the costs of maintaining and improving our properties. During the year our income for the General account was £28),229, and expenditure was £215.632. After £48,865 was transferred to various other funds, this left ihe general account with a surplus of £18,732 for the year. Restricted funds include Property, Retjovation, Mission and Charities and Organisation funds. During the year our restricted income was £93,780, and expenditure was £124.064. The transfer of £48.865 from the General account lo these restricted funds resulted in a surplus in restricted funds of £1 8.581. Our overall surplus for the year was £37.3 IJ (deficit 2022.. £231.442). The overall situation is that the Parishes income and expenditure levels remain closely monitored, although they have adequate reserves. The Seleel Vestry continue lo seek ways to increase income and cost saving measures but remained confident that the situation would be improved and a5 we continue lo exercise good governance of the Parish. Going Concern The trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate funds in place to ensure that the Parish can continue its activities and the financial statements for the year end December 2023 ¢an be signed off as a going concern. Structure, Governance and Manageent Governing Docunient and Constiliitlon of tlie Cliarity Chapter Ill of the Constitution of the Church of Ireland governs Parishes and Parochial Organi5atiori. The Select Vestry members are the Charity Trustees. Recn4ilmenl andAppointment ofselect Vestry All members of the Church of Ireland who are over the age of18 and are either resident within the parish or live elsewhere bul have been accustomed members of the congreg&tion for al least three months, may register as members of the general vestry of the parish, allowing them to attend and vote at meetings of the general vestry and to stand for election to the select vestry. Meetings of the general vestry are held at least on¢¢ a year. The Select Vestry is elected as part of this General Vestry meeting. The Select Vestry will hold their positions for a period of one year. Select Vestry members may be re-elected annually and there is no limit on the nutnber of tenns which may be served Pay And remuneration The Incumbent and Curate both receive a stipend in accordance with figures approved by the General Synod of the Church of Ereland along with office and locomotory allowances.
PARISFI OF KJLCONRIOLA AND BALLYCLUG Trustees, AnnuAI Report for the year end¢d 3 1st Detember 2023 (continued) OryanisaiionalS¢ructure The select vestry is responsible for the day to day management of the parish. The select vestry consists of the member of Il)e clergy serving in the parish, any curate a5S151ant ("the curate"), tlie cliurcliwardens, the glebe wardens and generally not more than twelve other members of the general vestry ¢lected al the General Vestry. The select vestry is chaired by the incumbent or other member of the clergy officiating in the parish. Select vestry members are responsible for making decisions on matter5 of general concern and importance to the parish including deciding how parish funds are to be applied. The select vestry meets at times fixed by the merrtbers or by the diocesan synod. Special meetiftgs may be convened al any time by the chairperson or the churchwardens. In 2023 the Select Vestry meet 8 limes during the year and the average attendan¢¢ was 83¥0. Statement of Trustees, Responsibilities The triistees a responsible for preparing the Trnstees. Report and the financial statements in accordance witli applicable law and regulations. The law applicable lo charities in Ilie Northern Ireland requires the Irus¢ees to prepare financial statements for each financial year. Under that law the truslees have prepared the financial slalements in accordance with Generally Aecepted Accounting Practice in the United Kingdom (accounting standards issued by the Financial Reporting Council iii the UK . including Cl)arilies SORP (FRS 102) ' Accounting and Reportii)g by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appli¢able in th¢ UK ai)d Republic of Ireland (FRS 102) "and proniulgated by the Institute of Chartered A¢counlants in the United Kingdom and Uniled Kingdom Law). Under that law the trustees must not approve the financial statements unless they are satisfied that they give a te and fair view of the state of the affairs of the charity and of the statement of financial activities of the charity for that period. In preparing these financial staleinents, the trustees are required to- select suitable accounting policies and then apply them consistently. tnake judgments and estimates that are reasonable and prudent stale wheiher the financial slalements have been prepared in accordance with applicable Accounting Standards and identify the standards in question, subject to any material departures being disclosed and explained in the financial statements; and prepare the financial statements on the going concem basis unless it is inappropriate to psume that the Parish will ¢ontinLte as a going concern. The trustees are responsible for keeping aceounting reeords that are suifi¢ient to show and explain the Parish's transactions and disclose with reasonable accuracy at 11 ny lime the financial position of the Parish and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008, the Charity (Accounts and Reports) Regulations (Northern Ireland) 2008 and the provision oFthe Constitution of the Church of Ireland. They are also responsible for safeguarding the assets of the Parish and hence for taking reasonable steps for the prevention and detection OF fraud and other iryegularities.
PARISH OF KILCONRIOLA AND BALLYCLUG Trustees, Annual Report for the year ended 3 1st December 2023 (continued) Statetnent as to disclosure to our examiners In so far as the trustees are aware at the timing of approving our trustees, annual report.- there is no relevant infonnalion of which the Independent Examiner is unaware; and the trustees have taken all steps that they ought to have taken lo make themselves aware of any relevant inforniation and lo establish that the charity's independent examiner is aware of that tnformation. Independettt ExAmAners The examiner, lan Johnston (A.F.A), for and on behalf of Stevenson and Wilson Chartered Accountant5, h&s indicated his willingness to continue in office, and a resolution concerning the reappointment was passed at the Annual Easter Vestry Meeting. On Behalf of the TNstees Rev. Mark Mcconnell Mr. Ronnie Fleming- Secretary Mrs. l M¢Connell- Treasurer Date.. I Ith June 2024
PARISH OF KILCONRIOLA AND BALLYCLUG INDEPENDENT EXAMINERS REPORT TO THE CHARITY TRUSTEES OF THE PARISFI OF KILCONRIOLA AND BALLYCLUG I report on the accounts of the charity for the year ended 3 1st December 20?3, which are set out on pages 8 to 18. Respeetive responsibilities of Charity truste08 and cxamincr As the charity's trustees you are responsible for th¢ preparation of the accounts in accordaiice with the Charities Act {Northern Ireland) 2008. It 15 my responsibility lo: examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Commission under section 65(9Xb) of the Cliarities Act state whether particular matters have com¢ to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general DIrtionS given by the Charity Coinmission for Nortliern Ireland under section 65(9)(b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also inclttded consideration of any unusual items or disc105ures in the accounts, and seeking explanations from you as charity trustees concerning any siich matters. My role is to state whether any material matters have come to my attention giving me cstuse lo believe- l. That accounting records were not kept in accordan¢¢ with section 63 of the Charities Act 2. That the aGcounls do not accord with those accounting records 3. That the CountS do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understsnding of the accounts to be reaehed. Independent examiner's statement I have ¢omplet¢d my examination and have no concerns in respect of the matters ( l ) tr) (41 listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. lan Johnston (A.F.A.) For and on behalf of Stevenson and Wilson Charted Accountants 22- 30 Broadway Avenue Ballymena BT43 7AA Date.. I Ith June 2024
PARISH OF KILCONRIOLA AND BALLYCLUG Statement of Financial Aetivities for the year ended 3 1st December 2023 Unrestricted Funds 2023 Restricted Funds 2023 Endowment Funds 2023 TotAI 2023 Total 2022 Note Income Donations & legacies Other trading activities Investments Charitable activities Other income 256,696 10,149 10,856 814 4,714 83,205 339,901 10,149 11,915 814 14,230 388,725 9,718 10,394 7?2 4,158 1,059 9,516 Total Income 283.229 93,780 377,009 413,717 enditure on: Generating ndS Charitable activities Other TotAI Ex 215,632 124,064 339,696 645,159 enditure 215,632 124,064 339,696 645,159 Net Ineomel (Expenditure) before trAn5fers 67.597 (30,284) 37,313 {231,442) Transfers between funds 48,865) 48,865 Net Incomel (Expenditure) before other re¢ognised gains and losses 18.732 18.581 37,313 (231.442) Gainl(Loss) on investments assets Net movement in funds 18,732 18,581 37,313 (231,442) Reconciliation of funds: Tot21 funds brought forward 4,399.964 206.414 4,606.378 4.837,820 Total funds carried fonvard 4,418,696 224,995 4,643,691 4,606,378
PARISH OF KILCONRIOLA AND BALLYCLUG StAtement of FinAnci81 Position l {Balance Sh¢et) as At 3 1st December 2023 Not¢ 2023 2022 Fixed A5s¢ts Tangible Fixed Assets Investment Properties Investments Totsi fixed Asscts 10 4.171,213 4,169,451 175.680 4,346.893 175,680 4,345,131 Current Assets Debtors Cash and cash equivalents Tot&1 current Assets 12 21.455 290.341 311.796 21,690 269,704 291.394 Creditors- amount5 falling due witliin one year Bank Loans Total creditors 13 14,998 30,147 14,998 30,147 N¢t Current Assets 296,798 261.247 Tot%1 net Assets 4.643,691 4,606,378 The funds of the parish Unrestrieted fund5 General funds Designated funds TotAI unrestricted funds RestTiCted Funds Endowment Funds 14 4,418,696 4.399,964 4,418.696 224,995 4.399,964 206,414 14 14 TotAI ¢h¥ri¢y funds 4,643.691 4,606,378 The notes on pages 10 to 18 are an integral parl of these financial slalements. The financial statements on pages 8 to 18 were approved by the Board of Trustees on and signed on its behalf by.. Rev Mark Mcconnell Mr Ronnie Fleming- Secretary Mrs l Mcconnell - Treasurer Date: I I th June 2024
PARISH OF KILCONRIOLA AND BALL YCLUG Notes to the financial statements for the yeAr ended 3 1st December 2023 l. Accottntino policies The principal accountino policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. a) Basts of preparation The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 1021). the Financial Reporting Standard applicable in the UK and Republie of Ireland (FRS 102). The Parish meets the definition of a public benefil entity under FRS 102. Assets and liabilities are initially recognised at historical Cost and transaction value unless otherwise stated in the relevant accounting policy nole(s). b) Preparation of accounts on a going coneern basis The Parish generally meets its day to day working capital requirements from its annual income. The Trustees have obtained and reviewed cash flow forecasts for the coming year and based on these are Satisfied that the Parish has resources to provide a reasonable expectation that il can Continue lo meet its financial obligations as they fall due for the foreseeable future. Therefore these financial statements have been prepared on a going concern basis. c) Income Plate Colle¢tions, Weekly Envelopes, Graveyard income and Columbarium income are accounted for on a cash receipts basis as the amount is collected. Income arising from the rental of Parish Centre facilities to third partie5 is recognised when the parish has entitlement to the funds, any performance ¢onditions attached to the income have been mel it is probable that the income will be received and the amount can be measured reliably. Encome from government and other grants, whether'capital, grants or'revenue, grants. is recognised when the charity has entitlement to the funds, any perfomance conditions attached lo the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferd. Legacies arc included within Income under either unrestricted or restricted funds according to the lernis under which the donation is made and when the amount can be quantified with reasonable certainty. Donations and gifts in kind are brought into the accounts at their fair value to the Parish. d) Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irre¢overable VAT is charged as a ¢05t against the aGtivity for which the expenditure was incurred. io
PARISH OF KILCONRIOLA AND BALLYCLUG Notes to the financial 5tatcments for the year ended 3 1st December 2023 (continued) l. Aceounting policies (eontinued) e) Tangible gss¢t5 The assets of the Parish comprise-_ Church Buildings Hall Rectory Other properties Fixtures and fittings The Church Buildings at Castle Sireel and Ballyclug are deemed to be Heritage assets as deFined by the Charities SORP (FRS102). These Heritage assets are not included on the balance sheet as information on the cost or valuation 15 not available and such information cannot be obtained at a cost commensurate with th¢ benefit lo the users of the 11ccounts and lo the parish. The church building at Sl Columba's is recognised at insurance values. No depreciation has been provided on this building as the current estiinated residual value is not less than its carrying value and the remaining useful life Gurrenlly exceeds 50 years. The Castle Street Hall is recognised at insurance values. No depreciation has been provided on the parish centre building5 as the current estimated residual value is not less than its carrying value and the remaining useful life eurrenlly exceeds 50 years. The Rectory is recognised at cost I de¢med cost (based on insurance values), being the estimated fair value of the property at 31 st Deceinber 2023. No depreciation has been provided on the glebe house as the current estimated residual value is not less than it's carying value and Ihe remaining useful life currently exceeds 50 years. The other properties. namely the ¢hurch lodge and 6 Rockgrove Brae, are also recognised at cost Ideeined cost (based on insurtÈnce values), being the estimated fair value of the property at 31 st Deceinber 2023. No depreciation ha5 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. Fixtures and Fittings have been recognised in the accounts based on valuation at 31 sl Deceinber 2023. Fn future years, these will be depreciated over their useful life. The assets, residual values and useful lives are reviewed, and adjusted, if appropriate. at th¢ end of each reporting period. The effect of any change is accounted for prospectively. Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the new disposal proceeds and the carying amount is recognised in the statement of financial activities aiid included in 'Other operating (losses)/gains'. li
PARISH OF KILCONRIOLA AND BALLYCLUG Notes to the financial statement5 for the year ended 31st December 2023 (continued) l. Accounting policies (tontinued) 0 Investments Fixed asset investments comprising investment properties. investments in equities and investment in RCBICIT Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each balance sheet date. Investments in unquoted investments are recorded at cost and are assessed annually for impeimjent. Unrealised gains and losses represent the difference between the fair value at the beginning and end of the financial year or. if pUhased in the year, the difference between cost and fair value at the end of the year. Realised gains and losses represent the difference between the proceeds on disposal and the fair value at the start of Ihe year or cost if purchased in the year. Both realised and unrealised gains and losses in investments are reported within "Net Gains / {Losses) on Investments" within the Siatemenl of Financial Activities. g) Cash and cash equivalents Cash and cash equivalents includes eash in hand, deposits held At call with banks. other 5hort-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within creditors amounts falling due within l year. h) FinAncial In5trument5 The Parish only has financtal &ssets and financial liabilities of a kind that qualify &s basic financial instruments. Basic financial instruments are initially recognised at transaction price and sub5¢quently measured at their settlement valu¢. i) Funds Funds are classified as either restricted funds or unrestricted funds, defined as follows. Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the Parish. Endowment funds are funds which have been given on the condition that the original capital sum is not reduced. but the income there from is used for the purpose defined in accordance with the objects of the Parish. Unrestricted funds are expendable at Ihe discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are eamarked at the discretion of the trustees for a particular purpose. they are designated as a separate fvnd. This designation has an administrative putpose only and does not legally restrict the trnstees. discretion to apply the fund. 12
PARISH OF KILCONRIOLA AIYD BALLYCLUG Notes to the finAneial statements for the year ended 3 1st December 2023 (continued) 2. CriticAI ACCOUllting judgements And estAmatiOD uncertainty Estimates and judgments made in the process of preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed lo be r¢asonable under the circumstances. The Trustees do nol consider that there are any critical judgments tnad¢ in applying the Parish's accouiiting policies or that there are any critical accolinting estimates or assumptions which may have a significant risk of causing a material adjustment to carrying amounts of assets and liabilities within the next financial year. 3. Donations and legicies Unrestricted ruiids 2023 Restricted Funds 2023 Endowment Funds 2023 Tot#1 2023 2022 Weekly envelopes l FWO Tax recovered on Donations Colleclionsldonations Mission and Charity giving Legacies Grants Other income - organisations 118.826 25,048 7.311 45.841 7.718 4.241 12,147 164.667 32,766 11,552 12,147 100,759 4,196 13.814 339,901 183,013 34,079 26.998 8.005 100,759 4,752 (556) 13,814 83.205 125,953 10,677 388.725 256,696 4. Other trnding activities Rental Income Use of car park Other 4,908 5,241 4.908 5,241 4,749 4,969 10,149 10,149 9,718 5. Investments Interest on investinents Dividends from investments 1,903 8,953 1,059 2,962 8,953 312 10.082 10,856 1,059 11,915 10,394 13
PARISH OF KILCONRIOLA AND BALLYCLUG Notes to the financial statements for the year ended 31st December 2023 (continued) Unrestricted Restrieted Funds Fund5 2023 2023 Endowment Fund5 2023 Total 2023 2022 6. Charitable activities Weddings and funerals Magazine income 814 814 7?2 814 814 7?? 7. Analysis of Expenditure Unrestricted Restricted Funds Funds 2023 2023 Endowment Funds 2023 Total 2023 2022 Charitable Activities Wages and salaries Diocesan costslassessment Church running costs Charitable donations Administration costs Property costs Other expenses - organisations 145.800 29,394 6,893 145,800 29.394 49,282 12,402 33,545 59,353 9,920 137.619 28,481 41,203 7,725 27,430 392.966 9,735 42,389 12,402 33,545 59,353 9,920 215,632 124,064 339,696 645.159 Governance costs are included within Administration costs above. 14
PARISH OF KILCONRIOLA AND BALLYCLUG Notes to the financAAI statements for the year ended 3 1st December 2023 (Continued) 8. TAlation The Parish of Kilconriola and Bally¢lug is recognised as a eharily for the purposes of applicable laxation legislation and is therefore not subject lo taxation on ils charitable aclivilies. 9. Analysis of staff costs, trustee r¢muner47tion expenses, and the cost of key management pcrsonnel Employees 2023 2022 Salaries and wages National insurance costs 141,150 4.650 133,434 4.185 Total 145,800 137,619 The average number of employees during the year. calculated on the basis of a head COLtnt. was as follows: 2023 Number 2022 Number Ministerial support Adm inislratio Other staff Premises maintenance Th¢r¢ are no employees in receipt of employee benefits in excess oF£60.000. Key Management and Trustees Key management are de¢med lo coinprise the Trustees. The parish paid expenses of £4.960 (2022: £7.850) relating the running costs of the rectory which is occupied by the rector. No trustee received any remuneration or reimbursement of expenses during the year other than the two clergy. The stipend and other expenses paid to the clergy lolalled £83,314 (2022.. £78,757). No trustee or a person related to a tnjstee had any personal interest in any contract or transaction entered into by the charity during the year. 15
PARISH OF KILCONRIOLA AND BALLYCLUG Notes to the financial statements for the year ended 31st December 2023 (continued) 10. Tangible fixed assets Buildings Equipment Total Cost At beginnints of the year Additions Grants received At end of the year 2,822.524 1.346,927 1,76? 4.169,451 1,762 2.8?2,524 1,348,689 4,171,213 DepreeiAtion At beginning of the year Depreciation Disposals At end of the year Nel book value at beginning of the year Net book value at end of the year 2.822.524 2,822,524 1,346,927 1,348.689 4,169.451 4.171,213 I l. Investments Listed Investments Other Investments TotAI Balance at beginning of the year 175.680 175,680 Balan¢e at end of the year 175,680 175,680 Analysis of Investments Inveslm¢nts in Unil Trusts Other unlisted investments 10,587 165,093 175,680 10,587 165,093 175,680 16
PARISH OF KILCONRIOLA AND BALLYCLUG Notes to the finallci*l statements for tho year endcd 3 1st December 2023 (continued) 12. Debtors 2023 2022 Sundry debtors and prepayments 21,455 21,690 21,455 21,690 13. Creditors Amounts Due within l Year 2022 2021 Accruals and other creditors 14.998 30,147 14,998 30,147 14. Analysis of Net Assets Among Funds General Designated Restricted Endowment Total Fixed Assets Investments Current Assets Current Liabilities Net assets at 31st Dec 2023 3,994,616 175,680 250.507 (2,107) 4,418,696 176,597 4,171.213 l75,680 311,796 14,998) 4,643,691 61.289 (12.891) 224,995 17
PARISH OF KILCONRIOLA AND BALLYCLUG Note5 to the financial statements for the year ended 3 1st December 2023 (continued) 15. Funds of the Parish At 1st Jan 2023 At31st Dee 2023 Income Expenditure Transfers Endowment funds Rostricted funds Renovation Fund Property Fund Mission and Charities Fund Organisation Funds 176.597 18,696 280 10,841 206.414 176,597 35,672 25 12,701 2?4,995 67,819 12,147 13,814 93,780 (101,74?) (12,40?) (9.920) {124,064) 50,899 (2,034) 48,865 Unrestricted funds General Fund 4,399,964 4,399,964 283,229 28J.229 (215,632) (215.632) (48,868) (48,861) 4.418,696 4,418,696 TotAI fun(ts 4,606,378 377,009 (339.696) 4.643.691 oses of Restricted Funds Renovation Fund: This is a fund to assist with the cost of building repairs, improvements and renovations. Property Fund: This 15 used for the general running costs of properties, maintenance, upkeep and repair. Mission and Charities Fund: This 15 a fund to be used towards mission and charity sUPPOrt. Organisalion Funds: These are funds for the organisations nnIng expenses and incotne. 18