Detailed report available for download here.
As the Finance Committee of the parish, we have pleasure in publishing a copy of the Parish Accounts for the year July 2013 to June 2014. Again we are offering the accounts to Parishioners through the Church notice board, through copies available in the church porch, and through the parish web site (balallyparish.ie). This change will reduce the outlay, financial and administrative, associated with the distribution of the annual accounts.
The day to day expenses involved in the running of the parish include the maintenance of the church and presbyteries, heating and lighting, insurance, the running of the parish office, the support of our two primary schools, and the promotion of lay ministry. These expenses are met through the Family Offering collection, which is the primary source of income for the parish. We hope, therefore, that you will continue to support the Family Offering collection with the same generosity that you have shown up to now. More and more people are now contributing to the Family Offering via Banker’s Order and we find that this method is very helpful from an administrative point of view and, therefore, we would like to request that you consider this payment option in support of the weekly Family Offering if it is convenient for you. If it has been some time since you set up your Banker’s order we would be most appreciative if you would consider reviewing your subscription.
With reference to the parish fundraising for the Parish Pastoral Centre to date: The Parish Finance Committee has decided to contribute a further €100,000 out of the Lay Ministry Fund to the overall capital expenditure of the Centre. This decision is based on the fact that the parish has been paying this amount on lay ministry costs over the past 11 years. You will note from the accounts that €40,000 was repaid to the lay Ministry Fund through the tax rebate and the personal contributions from parishioners. On the positive side this now reduces the deficit to €60,000. However, on the negative side, the church roof requires remedial works at an estimated cost of €80,000. It has been decided therefore, to roll these two major projects into one and set ourselves a new overall target of €140,000. In order to raise this sum, we will need to continue and reinvigorate our fundraising efforts and would welcome your suggestions on how best to achieve this.
Based on the 0.7% of GNP undertaking from the UN Millennium Development Goal, the Finance Committee has also decided that from now on, it will contribute 0.7% of its income from the Family Offering and the new Capital fundraising account to meet the recommended UN target of support from the first world to the developing world. We believe this is something that is right in itself and that we should be doing this as a parish. We hope that perhaps this decision might prompt you to review your contributions to the parish. It is proposed that this contribution would be paid to Trócaire annually.
We also want to thank those who support and run the monthly 400 Club draw and the weekly Bingo.
In conclusion, we thank you for your continuing support of the Family Offering, the building fund and the two church collections. The first Church collection is for the payment of the priests of the Diocese, both active and retired and the second church collection is for the SHARE fund of the diocese.
With personal good wishes and deep appreciation for your support
(Chairman) Roy Finnegan Jennifer Farrelly Liam Marren
Dr. Dermot A. Lane, Fr Peter Byrne Bríd Fitzgerald
|Summary of Receipts and Payments – Year Ended 30 June 2014|
|Family Offering (1)||68,611||65,784|
|400 Club (2)||18,228||15,562|
|Bingo & Other Fundraising||5,876||11,315|
|Missalettes,Catholic Papers & Newsletter||1,143||1,041|
|Tax Rebate (3)||19,187||–|
|Special Collections (Closing Balance)||1,445||–|
|RECEIPTS – Pastoral Centre|
|Pastoral Centre Income||27,380||–|
|Pastoral Centre Fundraising||10,844||28,585|
|Tax Rebate (3)||19,187||–|
|Transfer from Projects Account||–||364,771|
|Salaries & Wages||46,967||53,288|
|Rent, Rates & Insurance||7,649||8,584|
|Repairs, Maintenance & Security||7,983||8,993|
|Heat & Light||9,067||11,069|
|Altar Supplies, Shrines etc.||1,816||1,071|
|Missalettes & Catholic Papers||4,562||4,713|
|Payments to Parish Schools||–||2,485|
|Telephone & Postage||1,495||1,539|
|Bank Interest & Charges||973||1,245|
|Lay Ministry, Education & Liturgy||3,942||2,982|
|Confirmation & First Communion Expenses||800||521|
|Other Expenses (4)||4,909||8,015|
|PAYMENTS – Pastoral Centre|
|Pastoral Centre Costs||24,207||–|
|Transfer to Projects Account||40,000||–|
|Opening Bank Balances||39,462||124,675|
|Closing Bank Balances||64,567||39,462|
|1. Family Offering is the primary source of income.|
|2. Net Receipts after prizes and expenses.|
|3. Tax Rebate has been allocated between parish and pastoral centre on a 50:50 basis|
|4. Other expenses includes parish expenses and costs of supply priests|
|Funds on deposit with the Diocese|
|Transfer to/(from) Projects Account||40,000||(364,771)|
|*This balance is made up of compensation for land acquired and gift designated for|
|Pastoral Ministry less capital sums used for renovating the Church and Schools.|