Parish of Ballyholme, St Columbanus
statement of Financial Attivities for the year ended 31 Deomber Z024
Unrestricted
RestTitted
nds
2024
Totsl
Furtds
2024
Total
Funds
2023
Funds
2024
Note
Income
Donations & legacies
245,550
62,445
307,995
297.812
Other trading activitles
Investments
5.249
5249
7,340
14,198
4,420
12A06
Charitable activities
1.373
1373
10,625
Total In
266,370
66.865
333235
328,183
enditure o
Charitable Activities
Financial Fees & Charges
Depreciation
Restoration Expenditure
271,176
4,064
8,666
279,842
272,056
916
267.112
8,666
275,778
272,972
Net Income/ (Expenditure) before
transfers
-742
58,199
57A57
55211
Transfers between funds
Net Income/ IExpenditure) before
other recognised gains and tosses
-742
58,199
57h57
55211
Net movement in funds
-742
$8,199
57N57
55211
R¢con(iliatlon of funds:
Total fund5 brou8htfoThrard
1,708,471
L708A71
1,653260
Total funds carrfed t
1,707,729
58.199
1,765,928
1,708071
The statement of finacial activltles includes all 8ains and losses recognised in the year.
All income and expenditu￿ derNe from continuing arttvrties.

Parish of BalEyholme. St Columbanus
Ststement of financial Position IIBalano Sheet) as at 31 DÈtember 2024
2024
2023
Fixed Assets
Tangible Fixed Assets
Investment Properties
Investments
Total Fixed Assets
13
14
990.7S5
300,OCKI
990,755
300,(X)O
1,290,755
1,290,755
Current Assets
Debtors & P￿paYrnefits
Cash and cash equivalents
Total Current A55ets
15
30.090
446,283
476.373
45,623
396.171
441.794
16
Current Liabillties
Creditor5 & Accruals
Bank Loans
Total Current Uablllties
17
18
1.200
16.252
16,252
Net Current Assets
475,173
425,542
Li
Bank Loans
Totsl Long Term ilabilltles
18
Provisions for Liabilities and tharges
19
7.826
Totsl Net Assets
1,765,928
1.708.471
Parish Funds
Unrestricted funds
General funds
Designated funds
Total Unrestricted Funds
21
21
328.102
1.379,627
1.707,729
328,846
1,379,625
1,708,471
Restrfrted Funds
ReSto￿tIon Project
Total Restrirted Funds
21
58.199
58,199
Total Charity Funds
1,765,928
&708,471
The notes on pages 12 to 19 are an integral part of these financial ststements.
The financial statements on pages 9 to 19 were approved by the Board ofTru5tee5 on 28th October 2025
and signed on its behalf bv:
Rev Canon S Doogan
Trustee
EGrant
Trustee
10

Parish of Ballyholme. St Columbanus
Statement of Cash Flows for the year ended 31 December 2024
Note
2024
2023
Cash Flows from O
ratln
Actlvities:
Net cash provided by (used) in operating activities
22
31.494
-5,901
Cash Flows from Imiestin
Artivities:
Dividend5, Interest and Rents from Investments
Proceeds from the sale of Property, Plant & Equipment
Purchase of Property. Plant & Equipment
Proceeds from Sale of Investments
Purchase of Investments
Net Cash Provided by (Used In) Investing A¢tivities
18,618
12.406
18,618
12,406
Cash Flows from Financin
Repayment of Borrowing
Cash Inflows from New Borrowing
Receipt of Endownment
Net Cash Provlded by (Used in) Imiesting Activities
Chan8e in Cash in the Reporting Period
Cash & Cash Equivalents at the Beginning of the Reporting Period
Change in Cash and cash Equivalents due to Exthange Rate Movements
Cash and cash Equivalents at the end of the Reportin8 Period
50,112
396,171
6,505
389,666
16
446.283
396,171
11

Parish of Ballyholme. St Columbanus
Notes to the Financial Stateménts for the Year erKled 31 D￿rnber 2024
l. Ac£ounting PofKies
The principal accounting policies adopted, judgements and key sources of estimation or uncertainty in the preparation of the
financlal statemÈnts are as follow5=
1.1 Basis 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 charitie5 preparing their accounts in accordance with the Financlal
Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021- (Charities SORP {FRS 1021, the Financial Reporting
Standard applicable in the UK and Republlc of Ireland {FRS 1021.
The Parish meèts the definition of a public benefrt entity under FRS 102. Assets and Ilabilities are Inltlally reco8nised at historlcal
cost and transactlon value unless Otherwise stated in the relevant accounting policy notelsl.
L2 Preparation of I¢￿Unts on a going concern basls
The Parish generally meets its day to day working ¢apitsl requirements from tts annual income. The Trustees have obtslned and
reviewed cash f low forecasts for the coming year and based on these are satisfied that the Parish has resour¢es to provide
reasonable expectation that it can continue to meet its financial obligation5 as they fall due for rhe loreseeable future .
Therefore these financial statements have been prepared on a goin8 concern basis.
1.3 Income
Plate Collettions. Weèkly Envelopes and rentsl of the Parish Hall are accounted for on a cash receipts basi5 as the amount is
collected. Other donatlons are recognlsed once the Parish has been notified of the donation. Income tax recoverable In relbtlon
to donations received under Gift Aid or deeds of covenant is recognised at the tjme claim is submitted to HMRC.
Legacies are included within Income under either unrestritted or restrirted funds according to the terms under which the
donation is made and when the amount can be quantifted with reasonable certainty. Donatlons and gifts in kind are brought
into the accounts at thelr fair value to the Parish.
Income arlsing from the rentsl of investment properties to third partiès is recognised when the parish has
entitlement to the funds. it Is probable that the income will be received and the amount can be measured reliab￿.
1.4 Expenditure
Expendlture is recognised once there is a legal or constructive oblieation to make a payment to 3 third party, St Is probable that
settlement wlll be requlred and the amount of the obligation can be measured reliably.
1.5 Tangible assets
The assets of the Parish comprise-_
The Church Building
The Parish Centre
The Rertory- Ward Avenue
Parish House- The Bay
Parish House- Beverty Gardens
EqLEipment
12

The Churth Buildin8:
The Church Building is deemed to be a Heritsge asset as defined by the Charities SORP IFRS1021.
This accounting policy forthis asset is OLrtlined in note 1.6 below.
The Parish Centre and Rectory:
The Parish Centre is recognised at C05t. The Rectory is recognised at deemed cos¢ bein8 the valuation placed on
the property for Lotal PropetyTax/Rates wrposes. No depreciation ts provÈded on these as the current
estimated residual value is not le5S than the carrying value and the remaining useful lrfe currently exceeds
50 years
The Bay and Beverly Garden5:
These properties were purchased as homes for the Curate and Parish Youth Worker. These properties have been
let at a commerical rent and have therefore been treated as investsnent properties. The accountln8 pollcy for
these assets is outlined in note 1.7 below.
Equipment:
Equipment is included at costs and dèprÈciatÈd on a straight line basis over 4years.
A dlminis for capitalisation of £1,500 is applied.
Tanglble assets are derecognised on disposal or when no fvture economlc beneffts are expected. On disP05al,
the difference beI￿veen the new disposal proceeds and the cafrying amount is recognised In the ststement
of financlal actlvitles and Included in 'Other operating Ilossesllgalns.
1.6 Hevltage assets
The Church Building 15 deemed to be a Heritsge asset as defined by the Charities SORP IFRS1021. This asset is
not included on the balance sheet as information on the cost or valuation is not avallable and such information
cannot be obtained at a cost ¢ommen5urate with the benefit to the users of the accounts and to the Parish.
1.7 Investment propertles
Flxes asset Investments comprising investment properties are initially recorded at cost and a￿ then
subsequently statèd at fairvalue at each balance sheet date. Unrèalised gains and losses represent the
difference between the fair value at the beginning and end of the financial year or, ff purchased In in the year,
the difference bÈtwÈen c05t and fair value at the end of the year. Realised gains and losses rep￿sent the
difference between the proceeds on disposal and the fair value at the stsrt of the year or cost rf purchased in
the year.Both realised and unrealised gains and losses in investments are reported within 'Net GainsllLossesl
on Investments, within the Statement of Financial ActNbtie5.
I￿ Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call wrth banks, other short-term highly liquid investments with
original maturities of three months or less and bank overdrafts. Bank overdrafts are shown withln Credr(ors- Amounts falling
due withFn l year. Loans with a durntion of more thèn 12 months are split btheen current and long term liabilities.
1.9 Financial instruments
The Parish only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments a￿ inrtially ￿OgniSed at transaction price and subsequentty
measured at their settlement valve.
1.10 Taxation
The Parish of Ballyholme, St Columbanus. is recognised as a charity ft)r tho purposes of applicable tsxation
legslation and is therefore not subje¢tto tsxation on its charttsble actNities.
12

1.11 Retirement benefrts
Payments to defined contribution retirement benefft schemes are charged as an expense as they fall due.
1.12 Fund5
Funds are classified as ebther restricted funds or unrestricted funds. defined as follows:
Restricted Funds: The Select Vestry has defined the Restrjration FLEnd as restrirted funds as these have been generated through
separate donations from parishioners to undertske physical restoratton works to the Church and Parish centre.
Endowment Funds: are funds which have been given on the condition that the original capitsl sum is not reduced. but the
income there from is used for the puT￿se defined in accordan￿ wrth the objects of the Parish. The Parish has no endownment
funds.
Unrestricted Funds: are expendable at the discretion of the Trustses In furrherance of the objects of the charity. If parts of the
nrestricted hjnds arè earmarked at the dlscretion of the Trustees for a particular purpose. they are deslgnated as a separate
fund. Thls designation has an adrninistrative purpose On￿ and does not legally ￿striCt the Trustees, discretion to apply the fund.
2. Critical accountin8 judgements and estimation uncertainty
Estimates and judgments made In the process of p￿paring the financial ststernents a￿ continually evaluated and are based on
hlstorlcal experience and other fattors, including expectations of future events that are believed to be reasonable under the
circumstances. The Trustees do not consider that there are any critical judgments made in applying the Parish's accounting
policies or that there are any critical accounting e5tirnates or assumptions which may have a significant risk of causing a materlal
adjustment to carrylng amounts of assets and liabilities wlthin the next financial year.
12

Parish of Ballyhome. St Columbanu5
Notes to the Financial Statements for the Year Ended 31 December 2024
An•ly515 of Incoj
Funds
FuThls
Total
Total
2023
2024
2024
2024
2024
> Donations and le¥acie5
Weekty envelopes / FWO
Restoration Prolett Donatiofis
Grants
188562
188,562
26,730
198,385
30,670
26,730
Pastoraccount
355
30,35S
8,022
15,451
38,875
307,995
2,165
6,60
18,214
41.774
297,812
Mi5S10fi5
Youth Fellowship
fjift￿d
8,022
,451
33,160
245.550
5.715
62.445
4. Oth•rtr•d¥ni•ctlvltl•s
Rentsls from Parfsh Cent
Caterin8
169
169
932
S,249
5,249
7,340
5. In¥estrnents
Deposr( interest- General
DeposSt Interest- Development Fund
Bay & Be¥erty Gardens- Rental lft¢omÈ
490
4,420
13.708
18,618
127
4,420
13,708
14,198
12,279
12,406
4.420
& tharftsble adl¥ltles
sglar pane15
Gazette Income
M5scellanèous Incorne
214
L266
4,419
4,72S
10,625
1,3rJ
1373
Earthquake Appeal
L373
1.373
Anal￿ of Ewndily
7. tharitable Artivities
Salaries and Wages
Write back old provision
Dl¢xesan Costs
134,608
-16,252
27.438
79545
21366
7,395
16,076
139,788
-16,252
27,438
79y5
22,366
7395
16,076
15,550
S6.748
33,738
9,073
16,404
755
Premises Costs
Genernl Parish Runnin8 Costs
Missions
Youth Fellowshlp
Pastor account
271.176
8,666
279,842
272,OS6
& rinanoal Fees & Charges
Bank Char8e5 and Interest
Audrfc & Accountan¥y
Reverse provision for HMRC Penalty
762
762
616
.626
4.064
.626
916
Equipment
15

10 Taxation
The Parish of Ballyholme is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subjett
to taxation on its charitsble attivrties.
11. Analysis of staff costs. Trustee remunerntton and expenses. and thÈ (xbrt of W Management Personnel
Employees
2Q23
Clergy Stlpend and Allowances
Clergy Pensions
Clergy Employers Nl
Stsff Salaries
stsff Expenses
Stsff Employers Nl
Staff Pension
54,999
ii,In
4.565
58,868
62,225
14.361
5,167
53.242
2,943
2,895
1.898
vtslting Preacher
Total
134.608
139,788
The average number of employees durin8 the year. cakulated on the basis of a head count. was as follows..
2024
2023
Number
Nurnber
Ministerial support
Administration
Music staff
Premises maintenance
There are no employees in recelpt of employee benefits in excess of £60,OIXI.
12 Key Management and Trustees
Key management are deemed to comprtse the TTu5tee5. No trustee or a person rekted to a trustee had any
personal interest in any contratt ot transaction entered into by the Charty durin8 the yeai.
During the year the Clergy receNed a stipend of £62,225. No otherTrustee or a person related to a trustee had any personal
interest in any contrart or transattion entered into by the charity during the year. No Trustees had expenses reimbursed
throughout the year and no Tnjstee incurred any matsrial costs on behalf of the church which was waNed.
16

13 Tangible fixed assets
Freehold land
and buildings
Equipment
Total
At C05t
At l January 2024
Additions
Revaluation
99).755
990,755
Disposals
At 31 December 2024
990,755
990,755
Depreciatlon
At ljanuary 2024
Depreciation
Disposals
At 31 December 2024
Net book value at 31 December 2024
Net book value at 31 December 2023
990,755
990,755
990,755
990,755
Freehold land and bulldlngs Consist of the following properties-
Church buildlng- thls asset Is not included on the balance sheet as the infom)ation oft the cost or
valuatlon Is not available and such information cannot be obtained at a c05t commensurate with the
benefit to the users of the accounts and to the parish. Accordingty the Church building is deemed to be
Her6tage asset as defined by the Charities SORP IFRS1021. (At 31 Ortober 2024. the sum insured for the
Church bulldlng and contents was £4,810,890)
The Parlsh Centre is recognised at cost. The Rectory is recognised at deemed cost of £300,000, being the
valuation placed on the property for Local Property Tax/Rates purposes. No depreciation is provided on
these assets as the current estlmated resldual value is not less than the carrying value and their remaining
useful life exceed$ 50 years.
14 InvestrneDt Properties
Investment
Properties
Totsl
Fair Value
At ljanuary 2024
Additions
Gain / L055
Disposals
At 31 December 2024
3CQ.OCMJ
300.CK)O
Investment propertle5 atThe Bay and Beverly Gardens, Bangor, are held to eam rentals. The year end
valuationof the properties was carried out by the trLtstees and is based on reference to market evidence
of transcations for similar properties in the area.
17

15 Debtors & Prepayments
2024
2023
Debtors- Gift Aid
Sundrydebtors
30,090
45.623
30.090
45,623
16 Analysi$ of cash and cash equiwdlents
2023
Cash In hand
Notlce deposits (less than 30 days)
Overdraft facility repayable on demand
Totsl cash and cash oquiwalents
446,283
396.171
446.283
396,171
17 Crèditors & Accrnals
2024
2023
Creditors
15.052
1,200
16.252
Accruals
1,200
1.200
18 3ank Loans
2024
2023
Due within 12 Months
Oue after 12 Months
19 Provlslons
2024
Z023
Provision for HMRC Penalty
7,826
7,826
20 Retirement benefrt schemes
The parish operates a defined contribution pension scheme for all qualifying employees. The a5set5 of
the scheme are held separatefyl from those of the parish in an independently adminiSte￿d fund.
18

Zl Funds of the Par5sh
At ljan 2024
Income
Expendi￿re
Transfers
At 31 DÈC 2024
Restritted funds
Restoration projett
66,865
66.865
58,199
58,199
-8,666
Un
Strlcted funds
General fund
328.846
242.897
-243.641
328,102
De51gnated funds
Missions fund
-2A69
1,810
690.755
8.022
15.451
-7,395
-16,076
-1,842
1,185
690,7S5
Youth fund
Property fvnd
Investment property
Equipment Fund
8uildinB Fund
389.529
1,708,471
389,529
1,707,729
266,370
-267,112
Tatsi funds
1,708A71
333,235
-275,778
1,765.928
Purpose of restrkted fuftds
This Is a fvnd to a551st wlth the restoratlon of the Church building and development of thè'link, between the Church
building and the Parish Centre.
Purpose of designated fufflds
Missions fvnd.. this Is a fvnd to assist with overseas mi55iowy work.
Youth fund.. this is a fund to assist wtth youth athltles.
Property fvnd.. this fijnd is in relation to the Parish Centre.
Investment fvnd: this lund is in relation to the investment propertiesThe Bay and Beverly Gardens, 8angor.
Buildin8 fund.. thi5 fund Is in relation to building development projects.
22 Reconciliation of net Incomellexpenditsrel to cash flowfrom opernlkng acdvftles
2023
Net inwmellexpendlturel for the reportlng perlod
{•s per the finèn¢lal ￿ateMents)
Adjustments for.
Depreeiation charges
Other Provisions
57,457
55.211
Dividends, Inte￿t and rents from investments
Lossllprofitl on the sale of fixed assets
Ilntreasel/decrea5e in debtor5
Increa5elldecreasel in creditors
Net￿sh provided by (used Sn) op￿￿8 athibes
-18.618
-12.406
IS￿33
-22￿78
31A94
41,773
6,933
-5.901
19