Moira Parish Church ststement of Financial Activltles for the year ended 31 De¢ember 2022 Unrestricted Fund5 2022 Restricted Funds 2022 Total 2022 Total 2021 Note Income Donations and legacies Other trading activities Investment5 Charitable actlvities Other incorne 194,836 25,022 57,162 3,610 2.556 9,499 495 32,975 244,954 204,335 25,517 90,137 248,564 2.556 377,984 13,054 77,131 148,462 636 Totsl income 283.186 287.923 571,109 617,267 Expendlture Raising funds Charitable activitles Other io io io 825 369,329 2,252 825 495.420 9,990 813 382,081 111,6411 126,091 7,738 Total expenditure 372,406 133,829 506,235 371.253 Net Income/lexpenditure) before transfers {89,220) 154,094 64,874 246,014 Transfers between fvnd5 107,659 1107,6591 Net Income before other recognised galns 18,439 46,435 64,874 246,014 Unrealised Ilossl/gain on Investment (85,4651 185,465) 130,208 Net movement In funds 18,439 {39,030) {20,5911 376,222 Reconciliatlon of fund5: Total funds brought forward 412,879 4,708,095 5,120,974 4,744.752 Total funds carrled forward 431,318 4,669,065 5,100,383 5,120,974 15
Molra Parlsh Church Ststement of Hnanclal Position as at 31 Decernber 2022 2022 2021 Note Ftxed a$5ets Land and Bulldlngs LOGIC Equipment LOGIC Donatèd Asset Parlsh Equipment Investmont Property Investments 16 16 16 2,443,677 22,877 266 14.715 410,000 1.543,140 4,434.675 2.443,677 20,348 1,065 7.635 410,000 1.599,995 4.482,720 16 17 18 Current assets DebtOlS Inve5trnents Cash at bank 19 20 48,394 157.821 477,772 683,987 143,963 156,000 362,780 662,743 Creditors: amount5 fallln8 due wlthin one year 21 113,279} 119.4891 NÈt current assets 670.708 643,254 Total assets less turrent IlabSlltSes 5.105.383 5,125,974 Creditor5: amounts fallln8 due after oneyear 22 15,0001 15,0001 Net assets 25 5.IQO.383 5.120.974 Charitylunds Restricted Funds Unre5trlcted Funds 23 23 4.669,065 431.318 5,100.383 4,708,095 412,879 5.120,974 The notes on pages 18to 33 form partofthese financlal ststements. 11. 4. ts.LS The flnanclal ststements were approved and authorised for i55ue by the trustees on.._ .......... Revjoanne Megarrell (Rector) Illam Crockett (Trusteel 16
Moira Parlsh Church Statement of Cash Flows for the year ended 31 December 2022 2022 2021 Note Cashflows from operating activities Net cash flow from operating activities 26 78.965 66,614 Cashflows from investlng activltles Divldends, interest and rents from investments Purchase of fixed a55ets 53,907 (17,880) 49,482 Net cash flow from Investing activities 36,027 49,482 Cashflows from financin8 activities Repayment of loans 180,000) Net cash flow from financing activities 180,0001 Net Increase in cash and cash equivalents Cash and cash equivalents at l January 2022 114,992 362,780 36,096 326,684 Cash and cash equivalents at 31 December 2022 477,772 362,780 Cash and cash equlvalents consists of: Cash at bank 477,772 362,780 Cash and cash equlvalents at 31 December 2022 477.772 362,780 17
Molra Parish Church Notes to the Financial Statements for the year ended 31 December 2022 l. Summary of significant accounting policies The principal accounting policies adoptedi judgements and key sources of estimation uncertainty in the preparation of the financial statements are a5 follows: a) General Information and basis of preparatlon Moira Parish Church is a charity and is part of the registered charity, Moira/Moira/St John's/Down & Dromore/Church of Ireland which registered with The Charity Commission for Northern Ireland on 3rd November 2014. The address of the registered office is given in the charity information on page I of these financial statements. The nature of the charitls operation5 and principal activitie5 are the advancement of religion. Moira/Moira/St John's/Down & Oromore/Church of Ireland, a charitable trust is constituted under a trust deed dated 3rd November 2014. Moira/Moira/StJohn's/Down & Dromore/Church of Ireland constitutes a public benefit entity as defined by FRS 102. Statement of com liance The financial statements have been prepared in accordance with applicable accounting standards, 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102), the Charities Act (Northern Ireland} 2008, Charities Act (Northern Irelandl 2013, The Charities (Accounts and Report5) Regulations (Northern Ireland) 2015 and UK Generally Accepted Accounting Prattice. The financial statements have been prepared on the going concern basi5 under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1. The significant accounting policie5 applied in the preparation of these financial statements are set out below. These policies have been conslstently applied to all years presented unless otherwise stated. b) Preparation of accounts on a going concern basls The Parish generally meets its day to day working capital requirements from its annual income. The financial statements have been prepared on a going concern basis as the trustee5 believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted incorne and expenditure is sufficient with the level of re50urce5 for the charity to be able to continue a5 a going concern. 18
Molra Parish Church Notes to the Financial Statements for the year ended 31 December 2022 (continued) l. Summary of significant accounting policies {contlnuedl c) Funds Funds are classified as either restricted funds or unrestricted funds, defined as follows. Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity which have not been designated for other purposes. 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. The cost of raising and administering such funds are charged against the specific fund. d) Income Plate Collections, Weekly Envelopes and Graveyard income are accounted for on a cash receipts basis as the amount is collected. Income arlslng from the rental of Parish Centre facllities to thlrd parties 15 recognised when the parish has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from government and other grants, whether'capit31' grant5 or'revenue, grant5, 15 recogni5ed when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the Intome will be received and the amount Can be measured reliably and is not deferred. Legacies are included within income under elther unrestrlcted or restricted funds according to the terms under which the donation is made. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion, legacies will be notified to the charity, however, it is not possible to measure the amount expected to be distributed. On these occaslons, the legacy 15 treated as a contingent asset and disclosed. Donations and gifts In kind are brought into the accounts at their fair value to the Parish. Income from trading activities includes income earned from fundraising event5 and trading activlties to raise funds for the charity. Income is received in exchange for supplying goods and services in order to ra15e fund5 and is recognised when entitlement has occurred. Investment income 15 earned through holding assets for investment purposes such as share5, unit trusts and property. It includes dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. Interest and dividends together with any reclaimable tax credlts are included In the account5 as received. Rent is included in the accounts when it is receivable. 19
Moira Parish Church Notes to the Financial Statements for the year ended 31 December 2022 (continued) l. Summary of slgnificant accounting pollcles (continued) e) Expenditure All expenditure is accounted for on an aecruals basis and ha5 been classified under headings that aggregate all cost5 related to the category. 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. All expenditure 15 accounted for on an accruals ba515 and has been classified under headings that aggregate all costs related to the category. 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 obliRation can be measured reliably. It is categori5ed under the following headings: Cost of raising fund5 includes office running expense5; Expenditure on charitable activities includes wages and salaries, Diocesan a55essments, church running costs, charitable donations and administration costs; and Other expenditure represents those items not falling in to the categories above. Irrecoverable VAT is charged as a cost against the activity for which the expenditure wa5 incurred. f) Support cost 311ocation Support costs are those that assist the work of the charity but do not directly represent charitable activitie5 and include office cost5, governance costs, and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of re50urce5. The analysis of these costs is included in note 8. g) Tangible fixed assets The assets of the Parish comprise:. Parish Church and Graveyard Parish Centre Rectory Bateman Suite Old School Building 6 Berwick Heights 27 Danesfort 53 Main Street Petrol Station Glebe Land LOGIC equipment The Parlsh Church and Graveyard are deemed to be Heritage assets as defined by the Charities SORP IFR51021. These Heritage asset5 are not included on the balance Sheet as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the user5 of the accounts and to the parish. 20
Moira Parish Church Notes to the Financial Statements for the year ended 31 December 2022 (continued) l. Summary of signifIcant accounting policies {contlnued) g) Tangible flxed assets (continued) The Parish Centre is recognised at cost of construction / acquisition. No depreciation has been provided on the Parish Centre buildings as the current estimated residual value is not less than its carrylng value and the remaining useful life currently exceeds 50 years. The Rectory and Bateman Suite are cOgnISed at cost of construction. No depreciation has been provided on the Rectory or Bateman Suite as the current estimated residual value is not less than their carrying value and the remaining useful Ilfe currently exceeds 50 years. The Old School Bullding and properties at 6 Berwick Heights and 53 Main Street are included at cost of purchase. No depreciation has been provided on either the Old School Building or the properties at 6 Berwick Heights and 53 Main Street a5 the current estimated residual values are not less than their carrying value and the remaining useful life currently exceeds 50 years. The properties at 27 Danesfort, the Petrol Station and the Glebe Land are included on the balance sheet on the basis of valuations carried out by MrTWaddell, Estate Agent, Longstone Property Sales, Moira as at 8 March 2017. Equipment and donated assets are recognised at cost and are depreciated on a stralght line basis over their expected useful life ranging from a period of 4 to 20 years. The a55etg residual values and useful lives are reviewed, and adjusted, if approprlate, at the end of each reporting period. The effect of any change is accounted for prospectively. St John's Parish, Moira has set a mlnimum threshold of cost for an item to be considered to be capitali5ed as a fixed asset a5 £5,000. Tangible assets Bre derecognised on disposal or when no future economic benefit5 are expected. On disposal, the difference between the new dlsposal proceeds and the carrying amount 15 recognised in the statement of financlal activities and included in 'Other operating11055esl/gaing. h) Investments Fixed asset investments comprising investment propertles, investments in equltles and investment in RCB/CIT Unit Tru5t5 are initially recorded at Cost and are then subsequently stated at fair value at each balance sheet date. Investment5 in unquoted investment5 are recorded at C05t and are assessed annually for impairment. Unrealised gain5 and losses represent the difference between the fair value at the beglnning and end of the financial year or, if purchased in the year, the dlfference between cost and fair value at the end of the year. 21
Moira Parlsh Church Notes to the Flnanclal Statements for the year ended 31 December 2022 {continued) l. Summary of signlflcant accounting pollcle5 (continued) h) Investments {contlnued) Realised gains and1055es represent the difference between the proceeds on disposal and the fair value at the start of the year or cost if purchased in the year. Both realised and unrealised gain5 and losses in investments are reported within "Net Gains / (Losses) on Investments" within the Statement of Financial Artivitie5. Current assetinvestments are shortterm investments with a maturityterm of no greaterthan one year. They include bonds and short term deposits. They are recorded at their initial cost less impairment on the basis that they have maturity terms of no greater than one year. i) Debtors and creditors receivable/payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction prlce. Any losses arising from impairment are recognised in expenditure. j) Cash and cash equivalent5 Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-tenn highly liquid investments with original maturities of three month5 or less and bank overdrafts. Bank overdrafts are shown within Creditors Amounts falling due within l year. k) Financial instruments The Parish only has financial assets and financial liabilitie5 of a kind that qualify as basic financial instruments. Basic financial instruments are initially recogni5ed at transaction price and subsequently measured at their settlement value. l) Tax As a charityj it benefits from various exemptions afft)rded by tax legislation. It is therefore not liable to corporation tax on income or galns falling due within those exemption5. Recovery is made of tax deducted from receipts under Bift aid. The charity is not registered for VAT purposes; therefore expenditure is shown gross of VAT. 2. Crltlcal accounting judgements and estimatlon uncertainty E5tim3te5 and judgments made in the process of preparin8 the financial statements are continually evaluated and are based on historical experience and other factor5, including expectations of future events that are believed to be reasonable under the circumstance5. The following judgement5 including those involving estimates have been made in the process of lil depreciation method, asset useful lives and residual values lill valuation of investment property 22
Molra Parfsh Churth Notestothe Flnandal Ststements forthEye3rended 31 DEcEntber2022lcontlnuedl 3, Donatlons ond ItBacles Unrestrlrted Funds 202Z REStrlrted Funds 21)22 Vnrestritted Fund5 2021 Restritted Funds 2021 Totsl 21)22 Total 20 Weekly EnvelopeslFWO BulldlnEFund En¥elope5 Advent Collecdon Loose wllecuons Tax recovered on dooations Harvest Grant Edutatlon Aythorlty Grant LCCC Grant RC8 GrantCOIOCS Fundralsln8lbba Donatyons tsonaUons IA Iley Appealslcollettlons Le6icy 150,912 150A12 9A79 139.656 139.656 9.314 250 2,351 2Q740 3.624 1554 4.730 9,479 9,314 3584 27.016 575 3.584 27,0 575 1358 26.740 3,624 1554 4,730 7.731 I10 200 7.731 ¥510 20 20 415 L18D 170 170 1755 1,670 619 435 2.755 1.670 619 L693 184,544 377.984 194.836 9.499 204,335 368,150 9.734 Income from donatlons and Ie$waSE2o4.ajsl1o2l: E377.9841 ofwhlch £9.49912021.. £9.7341 was attrlbutable to re5trlrtedlunds 3nd £194,83612021.' £368,250) wasattributableto unrlItted fund5. l. Othertr4dlni3rt1vltles Unrestrltted Funds 2022 Re5trJcted Funds zozz Unreslrlrted Restricted Funds Fund5 2021 2021 Total 20ZZ Tital Z021 USE of Pattsh Centre Mis51on stall inume C3rbootlncom& 22.496 2Ug$ 495 1516 25,517 Il270 270 495 L526 25.OZZ 784 ,054 495 13,054 Income from othertradlng aCtiy1¢S wa5 £25.51712021:E110541 ofwhlth £495 IZ021:£Nillwa5attrlbvtsble to rewlrted fund5and £25.02212021- £13.0541 was attrtbukble ttivnre5trfcted fvnd5. S. In¥trtments Unrestrfcted R•strlEted Fuads FutMIs Unre5trfrted Restrlcred Funds fund5 2021 21 Totsl Tol 2021 Reot Petrol Statlon Rent B2ck}Danesrart Bank Interestreceived Interest Down and Dromore Boardof Educatlon AC6 Stheme Income Churth of IrEland Tru5rees dlvldend RC8lrv5t DFClncame Land Lerdng UnltTiustincome Interest RCBActounts 35,000 16,400 3,836 956 3ts5 14,700 1408 L911 278 479 29Y 30,62S 14.70D 16,W) 3.836 956 291 241 313 li 278 479 299 159 55Q 25.$87 35 Tl,131 Z41 313 159 30265 2,551 31975 3Q,Z65 1551 90.137 25,687 57.16Z 51,250 25,881 Income from Inw¥tynents was£90.13712021.' ,131) ofwhlth £3Z.97512021: £25,881IwH5 Ottrlburableto re5trlrted funds and £57.16Z12021.. £SLoI was a1Utablet9 unrestricted fund 23
Moir4 Parish Church Note5 to the Flnandal Statement5 fortheyear ended 31 December2022 Icontrnuedl 6. Charttable artivltit5 UnrestrIct Re5trlcted Funds Funds 2022 2022 Unrestricted Restrtcted Fund5 Funds 2021 2021 Total 2022 Total 2021 Graveyard Income Other organi53tion income 3.610 3.610 244,954 248.564 4,490 4,490 143,972 148.462 244,954 244,954 143.972 143,972 3,610 4,490 Income from tharitablÈ activlties was £248,56412021.' £148,462) of which £244,95412021: £143,972) was attrlbutable to restrictèd funds and £3,61012021.. E4,4901 was attribvtsble to unrèstricted funds. 7. Other Unrestricted Restrlcted Funds Funds 2022 2022 Unre5trlcted Funds 2021 Restrlcted Funds 2021 Total 2022 Totsl 2021 NIE Other 2,551 2.556 2,S51 2,556 631 636 631 636 Income from otherwas £2,55612021- £6361 of whlch £NII12021: ENill was attributable to restrlrted funds and £2,55612021'. £6361 was attributable to vnrestricted funds. 8. Allotation of 5UPPtsrt Costs Raising fvnd5 Ch?rltable artlvlty Total 2022 Charitsble actlvlty Total 2021 Raising fund5 Governance Office costs 7.476 7,476 825 8.301 6,966 6,966 813 7,779 825 825 813 813 7.476 6.966 9. Go¥emance costs Totsl 2022 Total 2021 Audltor's remuneratlon 7.476 7A76 6,966 6.966 24
Molra Parlsh Church Notes to the Ftnandal Statements for the year ended 31 December 2022 Icontlnuedl 10. Analy515 of expendlture Unrestritted Restricted Funds Fund5 2022 2022 Unrestricted Restricted Fund5 Fuad5 2021 2021 Total 2022 Totsl 2021 Raislng Fund5 Churth Envelope5 825 825 825 825 813 813 813 813 Charltable Actlvlties Salarie5 and Wage5 Diocesan Costs/As5essment Church Runnlng Costs Charltable Donations Administration C05ts Graveyard Costs Other organ15ation expenditure 234.909 22,092 58,001 22,969 29,433 1,925 234.909 22.092 58,001 22.969 29.433 1.925 126.091 495,420 184.972 23,232 45.516 22,251 27.219 I,iio 184,972 23,232 45,516 22,251 27,219 Lllo 77,781 77,781 77.781 382,081 126,091 IZ6.091 369.329 304.300 Other C0#5 Bank Interest/char8es Interest on Loans Depreciation 920 920 734 119,6001 1.262 117.6041 734 119,6001 5.963 7,225 5,963 111,6411 1,332 2.252 7.738 7.738 9.070 9,990 11. IL055llB8ln on Investment Assets 2022 2021 Unreallsed fair value Ilosse5llgalns on unlt trust 185.4651 130,208 12. Taxatlon Stjohn's Parlsh, Moira15 recognised a5 a charity for the purpose5 of appllcable tsxatlon leglslation and 15 therefore notsubjettto tsxation on Its charitsble attivities. 13. Audltor's remuneratlon Audltor's remuneratlon amounts to an audltfee of £2,16012021: £2.1601 and other servlces of £5,31612021.' £4,806). IQ Tru5tee5' and key manaBement personnel remuneratlon and expenses The trustees reIVed remuneration In the year totallln&£59,28412021: £57,528). The total amount of employeè beneflts reeelved by key rnznagement personnel Is £Nil12021: £NIII. The charity ton51ders its key management personnel comprlse the trustees. The parlsh paid expertses of £NII12021: £NIII relating to the runnlng costs of the rertory whlch Is occupied by the rettor. The Parfjsh pays a stip2nd and locornotory allowance based on recomrnendatlon bythe Representative Chlrrch Body whlch recommend5 Set amounts based on the Stlpend Group assigned to the Parish. Moira Parish falls withln Stlpertd Group A. Expenses amounting to £3,76012021- £1,178) were relmbur5ed to 312021- 41 trustees. No tru5teÉ ora person related to a trustee had any personal Interest in any contract ortransartlon entered into bythe charfty durin the year. 25
Molra Parish Church Notes to the Financlal Statements for the year ended 31 December 2022 (contlnuedl 15. Staff costs and employee benefits The average number of employees during the year was as follows: 2022 Number 2021 Number Ministerial Youth LOGIC Administratlon li 15 li The total staff costs and employee benefit5 were as follows: 2022 2021 Wages and salaries Social security Defined contribution pension costs HMRC Furlough Scheme grant Statutory Maternity Pay recovered Total 211,213 12,985 10.711 171.726 9,117 10.119 15,5671 14231 184.972 234.909 16. Tangible fixed assets LOGIC Donated Asset Land and Bulldlngs LOGIC Equipment Parlsh Equlpment Totsl Cost At ljanuary 2022 Additions At31 December 2022 2,443.677 75,383 9.468 84.851 3,995 12.621 8,412 21.033 2,535.676 17.880 2,553,556 2,443,677 3,995 Depreclation At ljanuary 2022 Charge for the year At 31 December 2022 55,035 6.939 61,974 2,930 799 3,729 4,986 1,332 6,318 62,951 9,070 72,021 Carrying amount At 31 December 2022 2,443,677 2Z,877 266 14,715 2,481,535 At 31 December 2021 2,443.677 20,348 1,065 7,635 2,472,725 The net book value of land and buildings comprlsed: 2022 2021 Land and building5'. Long leasehold 2,443.677 2,443,677 2,443.677 2,443.677 26
Moira Parish Church Notes to the Financial Statements forthe year ended 31 December 2022 (continued) 17. Investment property 2022 2021 At l January 2022 Unrealised fair value gains/losses on investments 410,000 410,000 At 31 December 2022 410,000 410.000 Made up of: Petrol Station, Moira 410,000 410,000 Investment Property relates to a Petrol Station in Moira. The petrol station was valued by T Waddell, Estate Agent at Longstone Property Sales. Molra on 8 March 2017. 18. Fixed asset investments Other Investments Total Cost or valuation At l January 2022 Additions Revaluation At 31 December 2022 1,599.995 28,610 185,465) 1,543,140 1,599,995 28.610 {85,465) 1,543,140 Impairment At l January 2022 Written off Eliminated on disposals At 31 December 2022 Carrying amount At 31 December 2022 1,543,140 1,543,140 At 31 December 2021 1,599,995 1,599,995 Investments at fairvalue comprise: 2022 2021 Unit Trusts Cash held by RCB 1,070,283 472,857 1,543,140 1,129,689 470,306 1,599,995 27
Moira Parish Church Notes to the Financial Ststements for the year ended 31 December 2022 (continued) 18. Fixed asset Investments {contlnued} Unit Trusts are based on stock market valuations at the end of each financial year. The valuations are susceptible to falls as well as rises. 19. Debtors 2022 2021 Gift Aid receivable Prepayments and accrued income Unit trust income receivable 27,016 6,378 15,000 48,394 16,435 116,734 10,794 143,963 20. Current asset investments 2022 2021 Bonds Short term deposits 81.752 76.069 157,821 80,742 75,258 156,000 Bonds and short term deposits are measured at cost loss impairment on the basis they represent deposits with a maturity term greater than 3 months UP to one year. £81,752 was invested in a l year bond with a maturity date of 6th December 2023 with an interest rate of 3.65%. £76,069 was invested in a 95 day notice account with an interest rate of 2.95%. 21. Creditors: amounts falling due within one year 2022 2021 Accrua15 and deferred income PAYE other creditors 8,622 3,948 709 13,Z79 14,575 4,179 735 19,489 ZZ. Creditors: amounts falling after than one year 2022 2021 Parishioner loans 5,000 5,000 5,000 5,000 28
Molra Parlsh Church Note5 to the Flnanclal Statements for the yÈar ended 31 De¢ember2022 Icontinuedl 23. Funds reconclliation As at l January 2022 Urtreali5ed A5at31 gain I Ilossl December2022 Income Expendlture Transfers Restrlcted Funds Murdock Bequest Building F¢Jnd Ibba Fundralsln8 Mlsslon Trip5 Fund DFC Fund LOGIC Fund Stjohns Bowling Cltsb Women'5 Guild Land and Buildings held by RCB Investment Property held by RCB Cash held by RCB UnitTrusts Advent Fund 100,997 108,518 1,384 1.834 1,163 120,986 1,411 10,785 2,313,766 410.000 470.306 1,140,483 26,462 4.708.095 ICp),997 117,997 4404 2,329 1,322 124,511 L336 10,801 2,313,766 410,000 472,857 I,D85,283 26,462 4,669,065 9A79 20 495 159 244,938 1133,7541 1751 1107.6591 16 2,551 30.265 185.4651 287.923 1133.8291 1107,6591 185.4651 Unrestrirted Fund General Fund 412,879 412,879 283.186 283.186 1372,4061 1372,4061 107,659 107.659 431,318 43L318 Total Funds 5.120,974 571.109 1506,2351 185,4651 5.100,383 -The Murdock Bequest Is to be used on costs of The organ in The Parlsh Church -The Bulldlng Fund Is to bÈ used to maintaln the church property The Ibba Fundraislng Fund is to be used on Initiatives to supportthe Ilnk Di0tr5e in South Sudan - The Mi551on Trlp Fund 15 to be used to support young people undertaklng mi55ion trSps -This fund is to be used for Income from DFC for poverty LOGIC funds are used to administer Logic and to support Loglc prograrn5 StJohn'5 Bowllng Club fund 15 used to support the actlvlties of Stjohn's Bowlln8 Club Women's Gulld fund 15 used to 5UPPOrt Women's guold attivities and provisltsn of catering in the Parlsh - Funds held In Land and Bulldlngs held by RCB can only be used for capltal prolects approved by RCB Funds held In Investment Property held by RCB can only be used for capStal project5 approved by RC Fund5 held In cash by RCB can only be used for capital Projects opproved by RCB Unit Trusts held by RCB can onty be used for capital project5 approved by RC8 -Advent fund 15 Used to supportthe dloosan evangellst and the chlldrens minlstry 29
Molra Parish Church Notes to the Flnancial Statements forthe year ended 31 December2022 l¢ontinuedl 23. Funds reconciliation lcontinuedl As at l January 2021 Unrealised Asat31 gain I Ilossl December 2021 Income Expendlture Transfers Restricted Funds Murdock Bequest Building FLtnd Ibba Fundraislng Mtssion Trips Fund DFC Fund LOGIC Fund Revelatlon Fund Stjohns Bowling Club Women's Guild Land and Buildings held by RCB Investment Property held by RCB Cash held by RCB UnltTrusts Advent Fund 100,997 99.204 1,214 1,834 1.004 118.799 942 1,241 10,919 2,313.766 410.000 470.271 984.588 26.212 4,540,991 100,997 108.518 1,384 1,834 1,163 120,986 9,314 170 159 143,581 150 230 li 183.5311 181 1601 11451 157,8631 11,0841 1,411 10,785 2.313.766 410,000 470,306 1,140,483 26,462 4,708,095 35 25.687 250 179,587 130.208 183,7441 158,9471 130.208 Vnrestrlcted Fund General Fund 203,761 203,761 437.680 437,680 1287.5091 1287,5091 58347 58,947 412,879 412,879 Total Funds 4,744,752 617,267 1371,2531 130,208 5,120,974 -The Murdock Bequest Is to be used on costs of The organ In The Parish Church -The Building Fund is to bÈ used to maintain the church property The Ibba Fundralsing FLÈnd is to be used on initiatives to support the link Dlocese in South Sudan -The M5ssion Trip Fund is to be used to support young people undertaking m1555on trlp5 - Thi5 fund is to be used for income from DFCfor poverty - LOGIC funds are used to administer Logic and to SUPPOrt Logic Piograms - Sunday School Fund is used to 5UPPOrt Sunday School Activities Revelation Fund is used to support Revelatlon Youth Fellowship A¢tivltle5 - StJohn'5 Bowling Club fund Is used to support the activitie5 of St John's Bowllng Club - Women's Guild fund Is used to support Women's gulld actlvltles and provision of catering in the Parish Funds held in Land and Buildings held by RCB cèn only be used for capital projects approved by RC8 Funds held in Investment Property held by RCB can only be used for capitsl projects approved by RCB Funds held In cash by RCB can only be used for capital projects approved by RCB Unlt frusts held by RCB can only be used for capital project5 approved by RCB Advent fund Is used to support the diocesan evangelist and the childrens ministry 30
Moira Parish Church Notes tothe Flnancial Statement5 forthe year ended 31 December 2022 (continued) 23. Funds reconciliation {continued) Fund descriptions al Unrestricted funds The income in the General Fund comprises mainly of donations from collection5 and gift aid. Expenses within the General Fund relate to the raising of funds and charitable activities of the charity, bl Restritted funds The income and expenditure in the restricted funds relate to donation5 to the building fvnd and other specific donations during the year. 24. Transfers Funds are transferred from unrestricted funds to restricted funds to cover shortfalls in restricted funding. Reimbursement of wage5 and running costs from the Logic fund to the Parish Church are accounted for as a transfer. 25. Analysis of net assets between funds 310ecember 2022 Restrlcted Unrestricted Total Fixed as5ets- tangible Fixed assets- investments Current assets Current liabilities Loans Net Assets as at 31 Dember 2022 2,336,909 1.953,140 379,016 144,626 2,481,535 1,953,140 683,987 113,279) 15,0001 5,100,383 304,971 (13.279) (5,000) 431,318 4,669,065 31 December 2021 Restricted Unrestricted Total Fixed assets - tangible Fixed assets- investment5 Current assets Current liabllities Loans Net Assets as at 31 December 2021 2,335,180 2,009,995 362,920 137,545 2,472,725 2,009,995 662,743 119,4891 15,000) 5,120,974 299,823 {19,4891 15,0001 412,879 4,708,095 31
Moira Parish Church Notes to the Financial statements forthe year ended 31 December 2022 (continued) 26. Reconciliation of net income to cash flow from operatlng activities 2022 2021 Net income for year 64,874 246,014 Depreciation Dividends, Interest and rent from investments Decrease/(increasel in debtor5 Decrease in creditors Other adjustments: Interest on fixed asset investments Interest on current a55et investments Other non cash at bank movements 9,070 (53,907) 95.569 {6,210) 7,225 {49,4821 {96,537) (14,012) (32,816) (3,414) 5,799 78,965 125,7221 11,9271 1,055 66,614 27. Pensions and other post-retirement benefits The charity operates a defined contribution pension scheme foremployees. The asset5 of the scheme are held separately from those of the charity. The contributions paid by the charity during the year amounted to £10,71112021- £10,119). At the balance sheet date outstanding payments to the fund totslled £709 (2021- £735). 28. Contingent liabilities The charity has a contingent liabllity to repay grants received if certain conditions are not met or if they are breached. 29. Related party transactions There are no related party transactions in the year12021: None). 30. Ethical standards In common with many other buslnesses of oursize and nature we use our auditors to assist with the preparation of the financial statements. 32
Moira Parlsh Church Notes to the Financial Statements for the year ended 31 December 2022 (continued) 31. Flnanclal instruments The carryin8 amounts of the charitS financial instrument are as follows: 2022 2021 Financialassets,. Flnancial a55ets measured at fair value through net Intome/expenditure.' Flxed asset investments- unit tru5tS 1,070,283 1,129,689 Debt Instruments measured at C05t less Impairment.. Fixed a55et investments- Cash held by RCB 472,857 470,306 Current asset investments- i year maturity bonds - 95 day notice account 81,752 76,069 80.742 75,258 1,700.961 1,755.995 The Income. expenses, net gains and net losses attributable the charity's flnaneial instruments are summarlsed a5 follow5: 2022 2021 Income ond fexpenses).. Flnancial assets measured at falr value through net Income/expenditure: Flxed asset Inve5tments- unit trusts 32,225 28,813 Debt instruments measured at cost less Impalrment: Flxed asset Investments- Cash held by RCB 2.551 35 Current asset investments- i year maturity bonds 95 day notice account 1,009 811 36,596 884 258 29.990 Net goins und (losses).- Flnancial assets measured at fair value through net incomelexpenditure: Fixed a55et investments- unit trusts 185,4651 130,208 Debt instruments measured at cost less Impairment.. Current asset Inve5tments- l year maturity bonds - 95 day notice account 185,465) 130.208 Details of Interest Income and Interest expenses re*lected in net income are shown within notes 5 and 10 respectively In the notes to the financlal statements. 33