PAJUSH OF KILCONIUOLA AND BALLYCLUG Annual report and financial statements For the year ended 31st Deeember 2024 Charities Number: NIC103115
PAIUSH OF KILCONIUOLA AND BALLYCLUG Annual report and financial statements for the year ended 31st December 2024 Contents Pages References and administrative details Trustees, Annual Report Independent exarniners. report to the Trustees Statement of financial activities Statement of financial positionlBalance sheet Notes to the financial statements 10- 18
PARISH OF IaLCONIUOLA AND BALLYCLUG Referenees and administrative detalls Charity Name.. Parish of Kilconriola and Ballyclug Charity Registration Number.. NIC103115 Contact Address: St Patrick's Church Office Castle Sireet Ballymena BT43 7BT Trnstees Trustees from 01.01.2024- 09.04.2024 Rev. Mcconnell. Mr R Fleming, Mr A McKay, Mrs S Doak. Mr8 C Sloan, Mr J Mawhinney, Mrs l McCoDnell, Mr R Atkinson, Mr J Graham, Mr E Lynn, Mrs L Bell, Mrs S Foster, Mrs E Peachey. Mr A Mccurdy, Mr P Cheslnutt. Mr J Ross, Mrs J Ross, Mr J Graham. Mrs D Bennett, Mr K Hughes, Mr L Cunningham, Mr R O'Neill. Mr A MC Kay, Mr P Chestnutt. Trustees from 09.04.2024- 31.12.2024 Rev M Mcconnell, Mr R Fleming, Ms R O'Neill, Mr K Hughes. Ms C Sloan, Mrs D Bennett, Mrs S Doak, Mr R Atkinson. Mr L Cunningham, Mrs L Bell, Mr A Mccurdy, Mrs J Ross. Mr J Ross, Mr J Mawhinney, Mrs I Mawhinney, Ms E Peachey, Mrs S Foster, Mr E Lynd, Mr J Graham, Mr A McKay, Mr P Chestnutt. Trnstees a rovin this re ort Rev M Mcconnell, MT R Fleming, MT J Mawhinney. Mrs I Mawhinney, Mr R O'Neill, Mr R Atkinson, Mr J Ross, Ms C Sloan, Mrs L Bell, Mrs S Doak, Mr L Cuwiingham, Mr K Hughes. Mr D Dunlop, Mr J Graham, Ms E Peachey, Mrs S Foster, Mrs F Logan. Mr A Mc Kay, Mr P Chestnutt, Mr H Swan, Mr A Marrs. Princi Clergy.. Honorary Secietsry.. Church Treasurer.. al Office-bearers Rev. M. Mcconnell Mr. R. Fleming Mrs. I Mcconnell (up to 0910412024) Mrs. D. Bennett (from 0910412024) Mrs l Mawhinney (St Patrick's) Mr. E. Lynd (Ballyclug) Ms. E Peachey (St Columba's) Mr. J Mawhinney (St Patrick's) Mr. J Graham (Ballyclug) Mrs. S Foster (St Columba's) Church Warden- Clergy: Church Warden- P¢ople: Independent Examiner Ian Johnston {A.F.A.) For and on behalf of Stevenson and Wilson Chartered Accountants 22 - 30 Broadway Avenue Ballymena B T43 7AA Bankers First Trust Bank 78 Wellington Street Ballymena BT43 6AF
PAIUSH OF KILCONRIOLA AND BALLYCLUG Trustees, Annual Report for the year ended 31st December 2024 The trnstees present the annual report and accounts for the Parish of Kil¢onriola and Ballyclug for the year ended 31 st December 2024. Objectives and Activities The charitable putpose of the Church of Ireland is the advancement of religion. The principal function of the Parish of Kilconriola and Ballyclug is to support the advancement of the Christian religion by promoting, through the work of the Parish of Kilconriola and Ballyclug the whole mission of the Church, pastoral. evangelistic, social and ecumenical. Being open to and engaging with society as a whole and offering support for those needing help aTe ndamental to the Practical delivery of the benefits of Christianity. As a result of activity in the pursuit of the advancement of the Christian religion, the Parish of Kilconriola and Bally¢lug has custody of propety and of records. rnaterials and artefacts of significance to the cultural and religious herAtage and maintenance of which is undertaken by Ihe select vesty of the Parish of Kilconriola and Ballyclug. Achievements, Performance & Public Benefit The Charity exists to fiuther the teachings of Jesus Christ, principally within our locale, to promote His teaching to ally and all who may be willing to learn and to encourage and enable His followers to take to heart His example and try to lead their lives according to that example as bcst they might. How have we acted to lfIl our purpose? Therc have been regular Services of Public Worship which were open to all throughout the year in all three of our Churches on Sllndays (and mid-week in Castle Street) with additional Services Providcd for particular outside organisations when requested. Our Clergy and lay-people have made great effort to provide pastoral ministy. 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 we 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 educating them sn 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 organisations for people of all ages, and these are welcoming to anyone who wishes to take part, whether or not they aTe member5 of the Church. We also like to support our local cornmunity by providing use of our premises to outside organisations where possible, foT fund-raising events perhaps or regularly hosting the Blood Transfusion Service. We have continued to donate to and support our local Food-bank (organised by the Trussell Trnst) and given financial support to a variety of other local charitable 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 fjttings and furnishings which are privileged to be the custodians of, principally the Church of St. Patrick in Castle StreeL Ballyrnena which is a grade B listed building. The general public benefit from all of these activities and resources. and no Trustee (other than clergy) receives remuneration, reward or other private benefit for carrying out their responsibilities Trustees. In carrying out their responsibilities the Trustees have at all times had due regard to and complied with the guidance issued by the Charity Commission under Section 4{b) of the Charities Act. The Parish has given careful consideration to the Charity Commission for Northem Ireland's guidance on public benefit to ¢nsure that the actives ent¢red into during the year have helped to achieve the Parish's objectives and activities, a5 well as providing public benefit.
PAIUSH OF KILCON]UOLA AND BALLYCLUG Trustees, Annual Report for the year ended 31st December 2024 (continued} Financi#l Review The Parish maintains two current accounts- with a General Account to meet out working expenses. and a Propety Account to cover the costs of maintaining and improving our properties. During the year our income for the General account was £354,228, and expenditttre was £227,492. After £31,155 was transferred to various other funds, this left the geneTal account with a surplus of £95.581 for the year. Restiicted funds include Property, Renovation. Mission and Charities and Organisation funds. During the year our restricted income was £98,124, and expenditure was £131,242. After the transfer of £31,155 from the General account to these restricted funds, there was a small net deficit in restricted funds of £1,963 for the year. Our overall sUlUS for the year was £93,618 (2023.. £37,313). The overall sttuation is that the Parishes income and expenditUTe levels remain closely rnonitored. although they have adequate reserves. The Select Vesty continue to seek ways to increase income and cost saving measures but remained confident that the situation would be improved and as we continue to exercise good governance of the Parish. Golng Coneern 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 2024 can be signed off a5 a going concern. Structure, Governance and Management Governing Document and Constitulion of the Charity Chapter III of the Constittjtion of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vesty members are the Charity TTUStees. Recruitment andAppointment ofS¢lect Yesty All members of the Church of Ireland who are over the age of18 and are either resident within the parish or live elsewhere but have been accustomed members of the congregation for at least three months, may register as membeTS of the general vesty of the parish, allowing them to attend and vote at meetings of the general vesty and to stand for election to the select vesty. Meetings of the general vesty are held at least once a year. The Select Vesty is elected as part of this General Vesty meeting. The Select Vesty will hold their positions for a period of one year. Select Vesty members may be re-elected annuaIly and there is no limit on the number of tenns which may be served Pay and remuner2tAon The Incumbent and Curate both receive a stipend in accordance with figures approved by the General Synod of the Church of Ireland along with office and locomotory allowances.
PARISH OF KILCONRIOLA AND BALLYCLUG Trustees, Annual Report for the year ended 31st Deeember 2024 (continued) Organisationulslructure The select vesty is responsible for the day to day management of the parish. The select vesty consists of the member of the cleigy serving in ihe parish. any curate assistant ("the CUTate"), the churchwardens, the glebe wardens and generally not more than twelve other members of the general vesty elected at the General Vestry. The select vesty 15 chaTred by the incumbent OT Other member of the clergy officiating tn the parish. Select vestry members are responsible for making decisions on matters of general concern and importance to the pISh including deciding how parish funds are to be applied. The select vestry meets at times fixed by the members or by the dio¢esan synod. Special meetings may be convened at any tlme by thc chairy)erson or the churehwaTdens. In 2024 the Select Vesty meet 7 times during the year and th¢ average attendance was 810 Statement of Trustees, Responsibilities The trustees are responsible for preppAring the Trustees. Report and the financial statements in accordance with applicable law and regulations. The law applicable to charities in the Northern Ireland requires the trustees to prepare fanCIal stafrments for each financial year. Under that law the twstees have prepared the fmancial statements in accordance with Generally Accepted Accounting Practice in the United Kingdom (accounting standards issued by the Financial Reporting Council in the UK , including Charities SOIiP (FRS 102) ' Accounting and Reporting by Charities: Statement of Reconimended Practice applicable to charities pieparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) "and promulgated by the Institute of Chartered Accountants in the United Kingdom and United Kingdom Law). Under that law the trustees rnust not approve the financial statements unless they are satisfied that they give a true and fair view of the state of the affaiTS of the charity and of the statement of financial activities of the charity for that period. In preparing these financTal statements, the trustees are required to.. select witable accounting policies and then apply them consist¢ntly' make judgments and estimates that are reasonable and pDJdent stste whether the fInancial statements have been prepared in accordance with applicable Accounting Standards and identify the standards in question. subject to any material departtues being disclosed and explained in the financial statements. and prepare the fmancial statements on the going concern basis unless it is inappropriate to presume that the Parish will continue as a going concern. The twstees are responsible for keeping accounting records that are sufficient to show and explain the Parish's transactions and disclose with reasonable accuracy at any 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 of the Constitution of the Church of Ireland. They are also responsible for safeguarding the assets of the Parisb and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
PARISH OF KILCONRIOLA AND BALLYCLUG Trustees, Annual Report for the year ended 31st December 2024 (continued) Statement as to disclosure to our examiner5 In so far as the trustees are aware ai the timtng of approving our trustees, annual report: there is no relevant inforniation of which the Independent Examiner is unaware. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant infonnation and to establish that the charity's independent examiner is aware of that information. Independent Examiners The examiner, lan Johnston (A.F.A), for and on behalf of Stevenson and Wilson Chartered Accountants, has indicated his willingness to continue in office, and a resolution conceming the reappointment was passed at the Annual Easter Vesty Meeting. On Behalf of the Trustees Rev. Mark Mcconnell Mr. Ronnie Fleming- Secretary Mrs. Deborah Bennett - Treasurer Date.. l Oth June 2025
PARISH OF KILCONRIOLA AND BALLYCLUG INDEPENDENT EXAMINERS REPORT TO THE CHARITY TRUSTEES OF THE PARISH OF KILcof4RIOLA AND BALLYCLUG I repoit on the accounts of the charity for the year ended 3 1st December 2024. which are set out on pages 8 to 18. Respective responsibilities of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to: 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(9)(b) of the Charilies Act state whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts as reqiiii'ed under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. My examination included a review of tlie accounting records kept b>, the charity and a comparison of the accoiints presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seekiiig explanations from you as charity trustees conceming any SULI) matters. My role is to stale whetlier any material matters have come to my attention giving me cause to believe: l. That accounting records were not kept in acLordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting rccords 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further inforn)ation needed for a proper understanding of the accounts to be reached. Independent examiner's ststement I have completed my examination and have no concerns in respect of the matters ( l ) to (4) listed above and, in connection with following the Directions of the Charity Commission forNorthern Ireland, I have found no matters that requiTe drawing to your attention. lan Johnston (A.F.A.) For and on behalf of Stevensor) and Wilson Chartered Accountants 22 - 30 Broadway Avenue Ballymena BT43 7AA Date: 10th June 20?5
PAIUSH OF KILCONRIOLA AND BALL YCLUG Statement of Financial Activities for the year ended 31st December 2024 Unrestricted Funds 2024 Restricted Funds 2024 Endowment Funds 2024 Total 2024 Total 2023 Note Ineome Donations & legacies Other trading activities Investments Charitable activities Other income 329.050 11,577 12,235 920 446 88,432 417,482 11,577 15,678 920 6,695 339,901 10,149 11,915 814 14,230 3,443 6.249 Total Income 354,228 98,124 452,352 377,009 endithre on: Generating funds Charitable activities Other Total Ex 227,492 131.242 358,734 339,696 enditure 227,492 131,242 358,734 339.696 Net Income/ (Expenditure) before transfers 126,736 (33,118) 93,618 37,313 Transfers between funds (31,155) 31,155 Net Income/ (Expenditllre) before other recognised gains and losses 95,581 (1,963) 93.618 37,313 Gain/(Loss) on inveslments assets Net movement in funds 95,581 (1,963) 93,618 37,313 Reconciliation of funds: Total funds brought forward 4.418,696 224,995 4,643,691 4,606,378 Total funds carried forward 4.514,277 223,032 4,737,309 4,643,691
PARISH OF KILCONRIOLA AND BALLYCLUG Statement of Financial Position l (Balance Sheet) #s at 315t December 2024 Note 2024 2023 Fixed Assets Tangible Fixed Assets Tnvestment Properties Investments Total fixed assets io 4,171.213 4.171,213 175.680 4,346,893 175,680 4,346,893 Current Assets Debtors Cash and cash equivalents Total current assets 12 18.852 379,766 398.618 21,455 290.34 311,796 Creditor5 - 2mounts falling due Ivithin one year Bank Loans Total creditors 13 8.202 14,998 8,202 14,998 Net Current Assets 390,416 296,798 Total net Assets 4,737,309 4,643,691 The funds of the parish Unrestrieted funds General funds Designated filnds Total unrestricted funds Restricted Fund$ Endowment Funds 14 4,514,277 4,418,696 4,514,277 223.032 4,418,696 224,995 14 14 Total charlty funds 4,737.309 4,643,691 The notes on pages EO to 18 are an integral part of these financial staternents. The financial statements on pages 8 to 18 were approved by the Board of Trustees on and signed on its behalf by". Rev Mark McConThell Mr Ronnie Fleming- Secretary Mrs Deborah Bennett - Treasurer Date." 10th June 2025
PARISH OF KILCONRIOLA AND BALLYCLUG Notes to the finaThciaI statements for the year ellded 31st December 2024 Accounting policies The principal accounling policies adopted, judgements and key sources of estimation uncertainty in the PTeparation of the financial statements are as follows- a) Basis of preparation The fjnancial statements have been prepared on a going concern basis in accordance wTrth Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities PTeparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). The Parish meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost and transaction value unless otherwise stated in the relevant accounting policy note(s). b) Preparation of accounts on x going concern basis The Parish generally meets its day to day working capital requirements from its annual income. The Tntee$ 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 it can ¢ontTnue to meet its financial obligations as they fall due for the foreseeable ture. Therefore these financial statements have been prepared on a going concern basis. c) Income Plate Collections, Weekly Envelopes, Graveyard income and Columbarium income are accounted for on a cash receipts basis as the amount is collected. Incorne arising from the rental of Parish Centre facilities to third parties is recognised when the parish has entitlement to the funds, any perforn]ance conditions attached to tbe income hav¢ been met, it is probable that the incom¢ will be rec¢ived and th¢ amouut can b¢ measured reliably. Income from government and other grants, whether 'capital' grants or *evenue' grants, Is Tecognised when the charity has entitlement to the funds, any perfonnance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Legacies are included within Income under either unrestricted or restricted fimds according to the tern]s 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 constrnctive obligation to rnake a payment to a third party, it is probable that settlern¢nt will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a Cost against the activity for which the expenditure was incurred. io
PAIUSH OF KJLCONIUOLA AND BALLYCLUG Notes to the financial statements for the year ended 31st December 2024 (continued) l. Accounting policies (continued) e) Tangible assets The assets of the Parish comprise:. Church Buildings Hall Rectory Other properties Fixtures and fittings The Church Buildings at Castle Street and Ballyclug are deemed to be HeTitage assets as defined by the Charities SORP (FRS102). These Heritage assets are not included on the balance sheet as infomation on the cost or valuation is not available and such inforniation cannot be obtained at a cost commensurate with tbe benefit to the users of the accounts and to the parish. The church building at St Columba's is recognised at insurance values. No depreciation has been provided on this building as the cutrent estirnated residual value is not less than its carrying value and the rernaining useful life currently exceeds 50 years. The Castle Street Hall is recognised at insurance values. No depreciation has been provided on the parish centre buildings as the current estimated rcsidual vaIue is not less than its carrying value and the remaining useful life currently exceeds 50 years. The Rectory is recognised at cost / deerned Cost (based on insurance values), being the estimated fair value of the propety at 31 st December 2024. No depreciation has been Provided on the glebe house as the current estimated residual value is not less than it's ¢anying value and the remaining useful life currently exceeds 50 years. The other properties, namely the Church Lodge and 6 Rockgrove Brae. are also recognised at cost / deemed cost (based on insurance values), being the estimated fair value of the property at 31 st December 2024 No depreciation has been provided on the glebe house as the current estimated residual value is not less than its Carrying value and the rernaining use1 life currently excecds 50 years. Fixtures and Fittings have been recognised in the accounts based on valuation at 31 st December 2024. In tllre years, these will be depreciated over their use1 life. The assets, resÈdual values and usefvl lives are reviewed, and adjusted. if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively. Tangible assets are derecognised on disposal or when no re 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 and included in 'OtbeT operating (losses)Igains'. li
PARISH OF KtLCONIUOLA AND BALL YCLUG Notes to the financial statements for the year ended 31st Deeember 2024 (contfinued} l. Aceounting policies (continued) Q Investments Fixed asset investments comprising investment pmperties, investments in equities and investment in RCBICIT Unit Trusts are initially recorded at cost and are then subsequently stated at faiT value at each balance sheet date. Investments in unquoted investments are recorded at cost and are assessed annually for impainnent. Unrealised gains and losses represent the difference between the fair value at the begiDning and end of the financial year or. if purchased in the year, the difference between cost and fair value at the end of the year. Realtsed gains and losses represent the diffcrence bettveen the proceeds on disposal and the fair value at the start of the year or cost if purchased in the year. Both realised and uDreali5ed gains and losses in investments are reported within "Net Gains / (Losses) on Investments" within the Statemellt of Ftnanci&l Activitie5. g) Cash and Cash equfivalents Cash and cash equivalents includes cash in han(t deposits held al call with banks, other sbort-ternl highly liquid investments with original maturities of three months or less and bank overdrafts. Bank over(trafts are shown within creditors amounts falling due within l year. h) Financial instruments The PaTish only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instrurnents are initially recognised at transaction price and subsequently measured at their settlement value. i} Funds Funds are classified as either restricted funds or unrestricted funds, defined as follows. Restricted ndS are funds subject to specific requirernents as to their use which may be declared by the donor or with their authority or created through1¢8al piocesses, but still within thc wider objects of the Parish. Endowment ndS are funds which have been given on the condition that the original capital sum is not reduced, but the incom¢ there from is used for the purpose defmed in accordance with the objects of the Parish. Unrestricted ndS are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earnlarked at the discretion of the lrnstees for a particular purpose, they are designated as a separate fimd. This designation has an administrative purpose only and does not legally restiict the tntees. discretion to apply th¢ fund. 12
PARISH OF KILCONRIOLA AND BALLYCLUG Notes to the financial statements for the year ended 31st December 2024 (continued) 2. Critical accoullting Judgements and estimation uneertainty Estimates and judgrnents made in the process of preparing the financial statements are continu&lly evaluated and are based on historical experience and other factors, including expectations of futtJTe events that are believed to be reasonable under the circumstances. The TStee$ do not consider that there are any Critical judgments made in applying the Parish's accounting policies or that there are any critical accounting estimates or assumptions which may have a significant risk of ¢ausing a material adjustmenl to carrying arnounts of assets and liabilities within ihe next financial year. 3. Donations ad legacies Unrestricted Restricted Funds Funds 2024 2024 Endowment Funds 2024 Total 2024 2023 Weekly envelopes l FWO Tax recovered on Donations Collectionsldonations Mission and Charity giving Legacies Grants Other income - organisations 117,266 22.765 6,240 42,102 6,870 6,710 9,045 10,000 159.368 29,635 12,950 9,045 189,323 3,456 13,705 417,482 164,667 32,766 11,552 12,147 100,759 4,196 13,814 339,901 179,323 3,456 13,705 88,432 329.050 4. Other tradlng aetivities Rental IncoTne Use of car park 5,469 6,108 11,577 5,469 6,108 11.577 4,908 5,241 10,149 S. Investments Interest on investments Dividends from investments 3,047 9,188 3,443 6.490 9,188 2,962 8,953 12,235 3,443 15,678 11,915 13
PARISH OF IaLCONIUOLA AND BALLYCLUG Notes to the financial statements for the year ended 31st December 2024 (continued) Unrestrtcted Restricted Funds Funds 2024 2024 Endowment Funds 2024 Total 2024 2023 6. Charitable activities Magazine income 920 920 814 920 920 814 7. Analysls of Expenditure Unrestricted Restricted Funds Funds 2024 2024 Endowment Funds 2024 Tot21 2024 2023 Charitable Activities Wages and salaries Diocesan costs/assessment Church running costs Charitable donations Administration costs Property costs Other expenses - organisations 158.411 21,355 14,620 158,411 21,355 57,854 9,150 33,106 68,870 9,988 145,800 29,394 49,282 12,402 33,545 59,353 9,920 43,234 9,150 33,106 68,870 9,988 227,492 131,242 358,734 339,696 Governanc¢ costs are included within Administration costs above. 14
PARISH OF KILCONRIOLA AND BALLYCLUG Notes to the financial statements for the year ended 31st December 2024 (eoTrtinued) 8. Taxation The Parish of Kilconriola and Ballyclug is Tecognised as a chaTity for the purposes of applicable taxation legislation and is therefore not subject to laxation on its charitable activities. 9. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel Employeas 2024 2023 Salaries and wages National insurance costs 152,975 5.436 141.150 4,650 Total 158,411 145,800 The average number of ernployees during the year, calculated on the basis of a head count, was as follows: 2024 Number 2023 Number Ministerial support Administration Other staff Premises maintenance There are no employees in receipt of employee benefits in excess of £60,000. Key Management and TnteeS Key managemcnt are deemed to comprise the Trustees. The parish paid expenses of £5,994 (2023.. £4,960) relating the running costs of the rectory which is occupied by the rectOT. No tSlee received any remuneration or reimbursement of expenses during the year other than the two clergy. The stipend and other expenses paid to the Clergy totalled £88,280 (2023: £83,314). No trustee or a person Telated to a trnstee had any personal iDterest in any contract or transaction entered into by Ihe charity during the year. 15
PAIUSH OF KILCONRIOLA AND BALLYCLUG Notes to the financial statements for the year ended 31st December 2024 (continued) 10. Tanglble fixed assets Buildings Equipment Total Cost At beginning of the year Additions Grants received At end of the year 2,822,524 1,348.689 4,171.213 2,822,524 1,348,689 4.171,213 Depreciation At beginning of the year Depreciation Disposals At end of the year Net book value at beginning of the year Net book value at end of the year 2,822,524 2,822.524 1,348,689 1,348,689 4,171,213 4,171,213 11. Investments Listed Investments Other Investments Total B21an¢e at beginning of the year 175,680 175,680 Balance at end of the year 175,680 175,680 Analysis of Investments Investments in RB Unit Trusts Oth¢r unlisted investments 10,587 165,093 175,680 10,587 l65,093 175,680 Investrnents are stated at the lower of cost and Net Realisable Value. 16
PARISH OF KILCONRIOLA AND BALL YCLUG Notes to the financial statements for the year ended 31st December 2024 (continued) 12. Debtors 2024 2023 Sundry debtors and prepayments 18,852 21,455 18,852 21,455 13. Creditors Amounts Due within l Year 2024 2023 Accruals and other creditors 8,202 14,998 8,202 14.998 14. Analysis of Net Assets Among Funds General Designated Restricted Endowment Total Fixed Assets Investments Current Assets Current Liabilities Net assets at 31st December 2024 3,994,616 175,680 345,109 (1,128 4,514,277 176,597 4,171,213 175,680 398,618 (8,202) 4,737.309 53,509 (7,074) 223.032 17
PARISH OF KILCONRIOLA AND BALLYCLUG Notes to the financi21 statements for the year ended 31st December 2024 (continued) IS. Funds of the Parish At 1st Jan 2024 At 31st Dec 2024 Income Expenditure Transfers Endowment funds Restricted funds Renovation Fund Propety Fund Mission and Charities Fund Organisation Funds 176,597 35.672 25 12.701 224,995 176,597 34,167 75,374 9.045 13,705 98,124 {112,104} (9,150) (9,988) (131,242) 35,225 80 (4,150 31,155 12,268 223,032 Unrestricted funds General Fund 4,418.696 4.418,696 358.228 358,228 (227,492) (227,492} {31,155} (31,155) 4.514,277 4,514,277 Total funds 4.643,691 452,352 358,734) 4,737,309 oses of Restricted Funds -Renovation Fund: This is a fimd to assist with the cost of building repairs, improvements and renovatxons. Property Fund: This is used for the general running costs of properties, maintenance, upkeep and repair. Mission and Charities Fund.. This is a nd to be used towards mission and charity SUPPOrt. -Organisation Funds: These are funds for the organisations numing expenses and income. 18