MOIRA PARISH CHURCH
YEAR ENDED 31 DECEMBER 2023
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
Total
funds
2022
Total
funds
Unrestricted
funds
Restricted
funds
Notes
Ineome from:
Donations and legacies
Other trading activities
Investments
Charitable activities
Other income
Total income
213,893
26,779
58,991
9,259
5,113
314,035
10,859
975
41,977
168,516
224,752
27,754
100,968
177,775
5,113
536,362
204,335
25,517
90,137
248,564
2,556
571,109
222,327
Expenditsre
Raising funds
Charitable activities
Other
Total expendxture
10
828
348J07
3,081
352,216
828
467,938
10,880
479,646
825
495,420
9,990
506,235
119,631
7,799
127,430
10
Net (expenditure) l income
before transfers
(38,181)
94,897
56,716
64,874
Transfers betiveen funds
62,576
(62,570
Net income before other
recognised gains
24,395
32J21
56,716
64,874
Unrealised gain l (loss) on
investhient
72,891
72,891
(85,465)
Net movement in fuDds
24,395
105,212
129,607
(20,591)
Reconeiliation of funds:
Total funds brought forward
431J18
4,669,065
5,IOOJ83
5,120,974
Total funds carried forward
455,713
4,774,277
5,229,990
5,100,383
The Statement of Financial Activities includes all gains and losses recognised in the year.
All incoming resources and resources expended derive from continuing activities.
The notes on pages 18 to 36 fonn part of these financial statements.
15

MOJRA PARISH CHURCH
YEAR EI NDED 31 DECEMBER 2023
BALANCE SHEET- 31 DECEMBER 2023
Notes
2023
202
Fixed assets
Tangible assets
Investment property
Investrnents
16
17
18
2,471,635
450,000
1,618,970
4,540,605
2.481,535
410,000
1,543,140
4.434,675
Current assets
Debtors
Investments
Cash at bank and in hand
19
20
50,765
161,957
498,414
711,136
48,394
157,821
477,772
683,987
Creditors: amounts f2lliDg due within
one year
Net current assets
21
13,279
670.708
694,385
Total assets less eurrent liabilities
5,234,990
5,105,383
Creditors: amouDts falling due after
more than one year
Net assets
22
(5,000)
(5,000)
25
5229,990
5,100,383
Charity Funds
Restricted Funds
Unrestricted funds
23
23
4,774,277
455,713
4,669.065
431,318
Total charAty funds
5,229,990
5,100,383
The notes on pages 18 to 36 forni part of these financial statements.
The financial statements were approved and authorised for issue by the trustees on .....................................
and signed on their behalf by:
Rev Joanne Megarrell (Rector)
William Crockett (Trustee)
Date..
q 4. 2oL+
16

MOIRA PARISH CHURCH
VEAR ENDED 31 DECEMBER 2023
STATEMENT OF CASH FLOWS- 31 DECEMBER 2023
Notes
2023
2022
Cash flows from operating activities:
Net cash Provided by (used in) operating activities
26
(33250)
78,965
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of tangible fixed assets
53,892
53,907
(17,880)
Net eash provided by (used in) investing activities
53,892
36,027
Net increase in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of the
reportRng period
20,642
114,992
477,772
362,780
Cash and cash equivalents at the end of tbe reporting
period
498,414
477,772
Analysis of cash aDd cash equivalents
Cash at bank and in hand
498,414
477.772
Total cash and cash equivalents
498,414
477,772
17

MOJRA PARISH CHURCH
YEAR ENDED 31 DECEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS
I. ACCOUNTING POLICIES
l. Summary of significant accounting policies
The principal accounting policies adopted, judgements and key sources of estimation
uncertainty in the preparation of the financial statements are as follows..
(a) General information and basis of preparation
Moira Parish Church is a charity and is part of the regISte￿d ¢harity, MoiralMoira/St
John's/Down & Dromore/Church of Ireland which registered with The CharÉty
Commission for Northern Ireland on 3rd November 2014. The address of the registered
office is given in the charity inforn]ation on page l of these financial statements. The
nature of the charity's operations and principal activities are the advancernent of
religion.
MoiratMoir&lSt John's/Down & Dromore/Church of Ireland. a charitable trust is
constituted under a trust deed dated 3rd November 2014.
MoiralMoira/St John'slDown & Dromore/Church of Ireland constitutes a public benefit
entity as defined by FRS 102.
Statement of c
liance
The flnancial 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 tn October 2019, the Financial
Reporting Standard appli¢abl¢ in the United Kingdom and Republic of Ireland (FRS 102).
the Charities Act (Northern Ireland) 2008, Charities Act (Northem Ireland) 2013, The
Charities (Accounts and Reports) Regulations (Northern Ir¢land) 2015 and UK Generally
Accepted Accounting PractÉce.
The financial statements have been prepared on the going concern basis und¢r 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 polici¢s applied in the preparation of these financial statements
are set out below. These policies have been consistently applied to all years presented unless
otherwise stated.
(b) PreparatioD of accounts on a going concern basis
The Parish generally meets its day to day working capital requirements from its annual
income. The financial statements have been pr¢pared on a going concern basis as the
trustees believe that no material uncertainties exist. The trustees have considered the
level of funds h¢ld and the expected level of income and expenditure for 12 months
from authorising th¢s¢ financial statements. The budgeted income and expenditure is
sufficient with the level of resources for the charity to be able to continue as a going
concern.
18

MOIIi4 PARISH CHURCH
YEAR ENDED 31 DECEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
I. ACCOUNTING POLICIES (CONTINUED)
l. Summary of significant accounting policies (conlinued)
(c) Funds
Funds are classified as either restricted funds or unrestricted funds. defined as follows.
Unrestricted ￿ndS are expendable at the discretion of the trustees in furtherance of the
objects of the charity which have not been designated for other puryoses.
Restricted funds are funds subject to specific requirements as to their use which may
be declared by th¢ 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 ￿nd.
(d) Income
Plate Collections, Weekly Envelopes and Graveyard income are accounted for on a
¢ash receipts basis as the amount is collected.
Income arising from the rental of Parish Centre facilities to third parties is recognised
when the parish has entitlement to the funds, any performance Conditions attached to
the incom¢ have been met, it is probable that the income will be received and the
amount can be measured reliably.
Income from gov¢rnment and other grants, whether 'capital' grants or 'revenue' grants,
is recognised when the charity has entitlement to the funds, any perforniance conditions
attached to the grants have been met, it is probable that the Income will be r¢¢¢ived and
th¢ amount can be measured reliably and is not deferred.
Legacies are included within income under either unrestricted or restricted ￿ndS
according to the t¢rms under which the donation is made. For legacies, entitlement is
the earlier of the charity being notified of an impending distribution or the legacy b¢ing
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 occasions, the legacy is 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 events and
trading actlvities to raise funds for the charlty. Income is received in exchange for
supplying goods and services in order to raise funds and is recognised when entitlement
has occurred.
Investment income is earned through holding assets for investment purposes such as
shares, unit trusts and property. It includes dividends, interest and rent. Wh¢r¢ it is not
practicable to identify investment management costs incurred within a scheme with
reasonable a¢¢uracy the investment income is reported net of these costs. Interest and
dividends together with any reclaimable tax credits are included in the accounts as
ceived. Rent is included in the accounts when it is receivable.
19

MOIRA PARISH CHURCH
YEAR ENDED 31 DECEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
I. ACCOUNfING POLICIES (COIVTINUED)
l. Summary of significant accounting policies (conÈinued)
(e) Expenditure
All expenditure is accounted for on an accruals basis and has been classified under
headings that aggregat¢ all costs related to th¢ 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 th¢ amount of the obligation Can be
measured reliably.
All expenditure is accounted for on an accruals basis 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 obligation can be
measured reliably.
It is categorised under the following headings:
Cost of raising funds includes office running expenses;
Expenditure on charitable activities includes wages and salaries, Diocesan
assessments, 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 expendithre
was incurred.
(D Support eost allocation
Support costs are those that assist the work of the charity but do not directly represent
charitable activities and include office costs, 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 us¢ of resources.
The analysis of these costs is included in note 8.
(g) Tangible r￿ed assets
The assets of the Parish comprise:.
Parish Church and Graveyard
Parish Centre
Rectory
Bateman Suite
Old School building
6 Berwick H¢ights
27 Danesfort
53 Main Street
Petrol station
Glebe Land
LOGIC equipment
The Parish Chureh and Graveyard are deemed to be Heritage assets as defined by the
Charities SORP (FRS102). These Heritag¢ assets are not included on the balance sheet
as inf0rn12tion on the ¢ost or valuation ts not available and such infornlation cannot be
obtained at a cost commensurate with the benefit to the users of the accounts and to the
parish.
20

MOIK4 PARISH CHURCH
YEAR ENDED 31 DECEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS (CONTIMJED)
ACCOUNTING POLICIES (CONTINUED)
(g) Tangible fixed assets (continued)
The Parish Centre is recognised at cost of construction / acquisition.
The Rectory and Bateman Suite are recognised at cost of construction.
The Old School Building and propertles at 6 Berwick Heights and 53 Main Street ar¢
included at cost of purchase.
The properties at 27 Danesfort and th¢ Glebe Land are included on the balance sheet
on the basis of deemed cost based on a previous valuation.
No depreciation has been provided on the Parish Centre. Rectory, Bateman Suite, Old
School Building or the properties at 6 Benvi¢k Heights, 53 Main Street, 27 Danesfort
and the Glcbe Land as the current ¢stimated residual values are not less than their
carrying value and thc remaining useful life ¢urrently exceeds 50 years.
Equipment and donated assets are r¢cognised at cost and are depr¢ciated on a straight
line basis over their expect¢d useful life ranging from a period of 4 to 20 years.
The assets, residual values and useful lives are reviewed, and adjusted, if appropriate.
at the end of each reporting period. The effect of any change is accounted for
prospectively.
St John's Parish, Moira has set a minimum threshold of cost for an item to be considered
to be capitalised as a fixed asset as £5,000.
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
carrying amount is recognised in the statement of financial activities and included in
'Other operating (losses)/gains'.
(h) Investments
Fiyed asset investments comprising investment properties. investments in equities and
investment in RCB/CIT Unit Trusts are initially recorded at cost and are then
subsequently stated at fair value at each balance sheet date.
The investment property, a filling station in Main Street, Moira, is included on the
balance sheet on the basis of valuations carried out by Stewart Estate Agents, 34a Main
Street, Moira as at 5 December 2023.
Investments in unquoted investments are recorded at cost and are assessed annually for
impairnient.
Unr¢alised gains and losses represent the difference between the fair value at the
beginning and end of the financial year or, if purchased in the year, the difference
between cost and fair valu¢ at the end of the year.
21

MOITL4 PARISH CHURCH
YEAR ENDED 31 DECEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
I. ACCOUNTING POLICIES (CONTINUED)
(h) Investments (continued)
Realised gains and losses 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 gains and losses An investments are reported within "Net Gains l (Losses) on
Investments" within the Statement of Financial ActivTties.
Current asset investmenls are short tem investments with a maturity tenn of no greater
than one year. They include bonds and short terni deposits. They are recorded at their
initial cost less impairnient on the basis that they have maturity t¢mis of no oreater than
one year.
(i) Debtors 2nd Creditors reeeivablejpayable within one year
Debtors and creditors with no stated interest rate and recetvable or payable within one
year are recorded at transaction pric¢. Any losses arising from impairment are
recognised in expendlture.
(i) Cash and casb equivalents
Cash and cash equivalents includ¢s cash in hand, deposits held at Call with banks, other
sliort-tem 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.
(k) Financial instruments
The Parish only has financial assets and financial liabilities of a kind that qualify as
basic financial instruments. Basic financial instruments are initially recognised at
transaction price and subsequently measured at their settlement value.
(l) Tax
As a charity, it benefits from various exemptions afforded by tax legislation. It is
therefore not liable to corporation tax on income or gains falling due within those
exemptions. Recovery is made of tax deducted from receipts under gift aid.
The charity is not registered for VAT pu￿Oses. therefore expenditu￿ is shown gross
ofVAT.
(m) Employee benefits
The costs of short-terni employee benefits are recognised as a liability and an expense.
unless those costs are required to be reeognÈsed as part of the cost of stock or non-
current assets.
The cost of any unused holiday entitlement is reeognised in the period in which the
employee's services are received.
Termination benefits are recognised immediately as an expense when the company is
demonstrably committed to ternjinate the employment of an employee or to provide
termination benefits.
(n) Retirement benefits
Payments to defjned contribution retirement benefit schemes are charged as an expense
as they fall du¢.
22

MOIRA PARISH CHURCH
VEAR ENDED 31 DECEMBER 2023
2. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
In the application of the Charity's accounting poltcies, the trustees are required to make judgements,
¢stimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are bas¢d on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the ¢stimate is revised where the revision aff¢¢ts only
that period, or in the period of the revision and future periods where the revision affects both current
and future periods.
Key source$ of estimatioll uncertainty
Fixed assets
The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of
asset and estimates of residual values. The trustees regularly review these assets, lives and change them
as necessary to reflect current thinking on remaining lives in light of prospective economic utilisation
and physical condition of the assets concerned. Changes in ass¢ts' lives can have a significant impact
on depreciation charges for the period. Detail of the useful lives is included in the accounting policies.
Investment Propertie8
Fair value is determined annually and derived from the current market rents and investment propety
yields for comparable real estate. Valuation involves some estimation uncertainty but is based on
periodic advice from independent expert valuers.
Support costs
Judgements are made in relation to the allocation of support costs of the charity to its charitable
activities.
The trustees considcr it appropriate to allocate these costs based on the allocation of grant ￿ndIng to
the charitsble activities in the y¢ar.
Restricted funds
Judgements are made in relation to allocation of income and expenditure to restricted and unrestricted
funds.
The trustees consider it appropriate to allocate these thnds based on interpretation of donations received.
23

MOIIL4 PARISH CHURCH
YEAR ENDED JI DECEMBER 202J
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
INCOME FROM DONATIONS AND LEGACIES
Unrestricted Restricted Total Funds
funds
funds
2023
Unrestricted
funds
Restricted Total Funds
funds
2022
Weekly
envelopes/FWO
Building Fund
Env¢lopes
Loose collections
Tax recovered on
donations
Harvest
Grant LCCC
Grant RCB
Grant COIOCS
Fundraising Ibba
Donations
Donations in lieu
Appealslcollections
165,542
165,542
150,912
150,912
9,487
9,487
8,431
9,479
,431
9,479
3,584
3,584
30,753
3,482
1,000
30,753
3,482
1,000
27,016
575
7.731
1.510
200
27.016
575
7,731
1,510
200
20
435
1,180
1,693
204,335
1,372
lJ72
2,500
1,435
750
20
2,500
1,435
750
213,893
435
1.180
1.693
194,836
10,859
224,752
9.499
Income from donations and lega¢ies was £224.752 (2022: £204,335) ofwhich £10,859 (2022- £9.499) was attributable
to Testricted fijnds and £213,893 (2022: £194.836) was attributable lo unrestricted funds,
INCOME FROM TRADING ACTIVITIES
Unrestricted Restricted Total Fund5
funds
funds
2023
Unrestri¢ted
funds
Restricted Total Funds
funds
2022
Use of Parish Centre
Mission stall income
Car boot income
23,407
23,407
975
3,372
27,754
22,496
22.496
495
2,526
25,517
975
495
3,372
26,779
2,526
25.022
975
495
Income from trading activities wa5 £27,754 (2022.. £25.517) of which £975 (2022- £495) was attributable to restricted
funds and £26,779 (2022.. £25.022) was attrfftbutable to unrestrict¢d funds.
24

MOIRA PARISH CHURCH
YEAR ENDED 31 DECEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS (CONTIIVUED)
INCOME FROM INVESTMENTS
Unrestritted
funds
Restricted Total Funds Unrestricted
funds
2023
funds
Restricted Total Funds
funds
2022
Rent Petrol Station
Rent
Berwick/Danesfort
Bank interest re¢eived
Interest Down and
Dromore Board of
Education
RCB Scheme Income
Church of Ir¢land
Trustees dividend
RCB Trust
DFC income
Land Letting
Unit Trust income
Interest RCB Accounts
35,000
35,000
35,000
35,000
15,900
6,286
15,900
6,286
16,400
3,836
16.400
3,836
956
956
304
956
291
956
291
304
219
320
219
326
155
241
313
241
313
159
125
30.265
155
159
125
26,840
26,840
30,265
58,991
41,977
100,968
57,162
32,975
90,137
Income from investments was £100,968 (2022." £90,137) of which £41.977 (2022: £32,975) was attrlbutable to restricted
funds and £58,991 (2022: £51,250) was attributable to unrestricted fimds.
6. CHARITABLE ACTIVITIES
Unrestriete
d funds
Restricted Total Fund$
funds
2023
Unrestricted
nds
Restricted Total Funds
funds
2022
Graveyard in¢ome
Organisation income
Other income
2,520
2,520
168,516
6,739
177,775
3.610
3,610
244.954
168,516
244,954
6,739
9259
168,516
3,610
244,954
248,564
Income from ¢haritable activities was £177,775 (2022: £248,564) ofwhi¢h £168,516 (2022.. £244.954) was attributable
to restricted funds and £9,259 (2022: £3,610) was attributable to unrestricted funds.
25

MOIRA PARISH CHURCH
YEAR ENDED 31 DECEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
7. OTHER INCOME
Unrestricted
funds
Restricted Total Funds
funds
2023
Unrestricted
fund5
Restricted Total Funds
nds
2022
NIE
Other
5,108
5,113
5,108
5,113
2,551
2,556
2,551
2.556
Other income was £5,113 (2022.. £2,556) of which £Nil (2022.. £Nil) w&% attributsble to restricted fjjnds and £5.113
(2022: £2,556) was attributable to unrestricted funds.
8. ALLOCATION OF SUPPORT COSTS
UDres¢rieted
funds
Restricted Total Funds
funds
2023
Unrestricted
funds
Restricted Total Funds
funds
2022
Governance
Office Costs
10,837
10,837
828
11,665
7,476
7.476
825
8,301
828
828
825
825
10,837
7,476
9. GOVERNANCE COSTS
UDres¢ricted
funds
Restricted Total Funds
funds
2023
Unrestricted
funds
Restricted Total Funds
funds
2022
Audit and
accountancy fees
Legal and
professional fees
8,346
8J46
7,476
7,476
10,837
10,837
7.476
7.476
26

MOIRA PARISH CHURCH
YEAR ENDED 31 DECEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
10. ANALYSIS OF TOTAL EXPENDITURE
Unrestricted
funds
Restricted Total Fund$
funds
2023
Unrestricted
funds
Restricted Total Funds
funds
2022
Raising funds
Church envelopes
828
828
828
825
825
825
825
828
Charitable Activities
Salaries and Wages
Diocesan
Costs/Assessment
Church Running Costs
Charitable Donations
Administration Costs
Graveyard Costs
Organisation
expenditure
Miscellaneous
205,453
205,453
234,909
234,909
22,829
52,523
24,607
15,575
2,504
22,829
52,523
24,607
15,575
2,504
22.092
58,001
22,969
12,367
1.925
22.092
58,001
22,969
12,367
1.925
118,459
1.172
119,631
118,459
25,988
467,938
126,091
126,091
17,066
495.420
24,816
348?07
17,066
369,329
126,091
Other Costs
Bank interesVCharge5
Depreciation
980
2,101
3,081
980
9,900
10,880
920
,332
2,252
920
9,070
9,990
7,799
7,799
7,738
7,738
Total Expenditure
352,216
127,430
479,646
372,406
133,829
506,235
I I. GAIN/(LOSS) ON INVESTMENT ASSETS
Unrestricted
Restricted Total Funds
funds
funds
2023
Unrestricted
funds
Restricted Total Funds
funds
2022
Fair value gains
l(losses)
unit trust
investment
property
32,891
32,891
(85,465)
(85,465)
72,891
72,891
(85,465)
(85,465)
12. TAXATION
St John's Parish. Moird is Tecognised as a charity for the purposes of applicable taxation legislation and is therefore not
subject to taxation on its charitable activities.
13. AUDITOR'S REMUNERATION
The auditor's remuneration amounts to an audit fee of £2,160 (2022: £2,160) and other services of £6,186 (2022: £5,316).
27

MOIRA PARISH CHURCH
YEAR ENDED 31 Dci CEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
14. TRUSTEES, AND KEY MANAGEMENT PERSONNEL REMUENRATION AND EXPENSES
The trustees received remuneration in the year totalling £63,665 (2022: £59,284).
The charity considers its key managemetit personnel comprise the trustees. The total amount of employee benefits
received by key management personnel ts £Nil (2022- £Nil).
The parish paid expenses of £Nil (2022.. £Nil) relating lo the rurffting costs of the rectory which is occupied by the rector.
The Parish pays a stipend and locomotory allowance based on recommendatlon by the Representattve Church Body
which recommends set amounts based on the Stipend Group assigned to the Partsh. Moira Parish Church falls within
Stipend Group A.
Expenses amounttng to £2.581 (2022: £3,760) were reimbursed to 3 (2022- 3) trnstee5.
No trustee or a person related to a trustee had any personal interest in any contract or trdnsaction entered into by the
charity during the year.
15. STAFF COSTS AND EMPLOYEE BENEFITS
The average number of employees during the year was as follows:
The average monthly number of employees and full time equivalent (FTE)
during the year was as follows..
2023
Number
2022
Number
Ministerial
Youth
LOGIC
Administration
li
15
The total staff costs and employees. benefits was as follows:
2023
2022
Wages and salaries
Social security
Defined contribution penslon costs
182,955
ii,ooi
11,497
211,213
12,985
10.711
205 453
234 909
2023
2022
Allocated to-
Raising funds
Charitable activities
205,453
205,453
234 909
234 909
28

MOIRA PARXSH CHURCH
YEAR ENDED 31 DECEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
16. TANGIBLE FIXED ASSETS
Land and
buildings
LOGIC
LOGIC
Parish
Equipment Donated Asset Equipment
Total
Cost
At l January 2023
Additions
Disposals
Revaluation
At 31 December 2023
2,443,677
84,851
3,995
21,033
2,553,556
2 443 677
2 553 556
Depreciation
At l January 2023
Charge for the year
Disposals
At 31 December 2023
61,974
7,531
3,729
266
6,318
2,103
72,021
9,900
Net book value
At 31 December 2023
2,443,677
15,346
12,612
2,471,635
At 31 December 2022
2.443.677
22,877
266
14,715
2,481,535
2023
2022
Land and buildings:
Freehold
Long leasehold
Short leasehold
2,443,677
2.443,677
2,443,677
2.443.677
17. INVESTMENT PROPERTY
2023
2022
Cost
At l January 2023
Fair value gains on investments
At 31 December 2023
410,000
410,000
450 000
410 000
Made up of:
Filling station, Moira
450,000
410.000
Investment property relates to a fllling station in Moira. The filling station was valued by Stewart Estate Agents.
34a Main StreeL Moir4 BT67 OLE.
29

MOIRA PARISH CHURCH
YEAR ENDED 31 DECEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
18. FIXED ASSET INVESTMENTS
Other
Investments
Total
Cost or valuation
At l January 2022
Additions
Revaluation
At 31 December 2023
1.543,140
42,940
32,890
1,618,970
1,543,140
42,940
32,890
1,618,970
Impairment
At l January 2022
Additions
Revaluation
At 31 December 2023
CarrySng amount
At 31 Dee¢mber 2023
1,618,970
1,543.140
1,618,970
1,543,140
At 31 December 2022
Investments at fair value comprise:
2023
2022
Unit Trusis
Cash held by RCB
1,131.131
487,839
1,618,970
1,070,283
472,857
1.543,140
Unit Trusts are based on stock market valuations at the end of each flnancial year. The valuations are susceptible to
falls as well as rises.
19. DEBTORS
2023
2022
Gift Aid receivable
Prepayments and accrued ineome
Unit trust income receivable
17,044
19,839
13,882
50,76S
27,016
6.378
15,000
48,394
30

MOIIL4 PARISH CHURCH
YEAR ENDED 31 DECEMBER 21123
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
20. CURRENT ASSET INVESTMENTS
2023
2022
Bonds
Short terni deposits
84,735
77,222
161,957
81,752
76,069
157,821
Bonds and short-tern) deposits are measured at C05t less impainnent on the basis they represent deposits with a
maturity temi greater than 3 months up to on¢ year. £84,735 was invested in a l year bond with a maturity date of 6
December 2024 with an interest rate of 5.240/0. £77,222 was invested in a 95-day notice account with an interest rate
of 3.750/0.
21. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Accruals and deferred income
PAYE
Other creditors
11,888
4,215
648
16,751
8.622
3.948
709
13.279
22. CREDITORS: AMOUNTS FALLING AFfER MORE THAN ONE YEAR
2023
2022
Parishioner loans
5,000
5,000
5,000
5,000
31

MOIRA PARISH CHURCH
YEAR ENDED 31 DECEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS (CONTIJVUED)
23. FUNDS RECONCILIATION
Asat
J January
2023
F21r value
gain /
(loss)
Asat
31 December
2023
Intoming Expenditure Transfers
Restricted Fund$
Murdock Bequest
Building Fund
Ibba Fundraising
Mission Trips Fund
DFC Fund
LOGIC Fund
St Johns Bowling Club
Women's Guild
Land and Building5 held by
RCB
Investment Property held by
RCB
Cash held by RCB
Unit Trusts
Advent Fund
100,997
117,997
1.404
2.329
1,322
124,51
1.336
10,801
100,997
127,484
2.404
2.504
1,477
l 14,674
1,656
9,487
1,372
975
155
167,456
1.060
{372)
(800)
(125,017) (52,276)
(740)
(501) (10,300)
2.313.766
2J13.766
410.000
472,857
1,085,283
26,462
4,669,065
40.000
450.000
487,839
1,145,014
26,462
4,774,277
14,982
26.840
32,891
222,327
(127,430) (62,576)
72,891
Unrestricted Funds
General Fund
431.318
431,318
314.035
314,035
(352,216)
(352216)
62,576
62,576
455,713
4SS,713
Total Funds
5,100,383
536,362
{479,646)
72,891
5,229,990
The Murdock Bequest 15 to be used on eosts of The organ in The Parish Church
The Building Fund is to be used to maintain the church property
The Ibba Fundraising Fund is to b¢ used on initiatives to support the link Diocese in South Sudan
The Mission Trip Fund is to be used to support young people undertaking mission trips
- This ￿nd is to be used for income from DFC foT poverty
- i..nGIC funds are used to administer Logic and to support Logic programs
St John's Bowling Club ￿nd is used to support the activities of St John's Bowling Club
Women's Guild fvnd is used to support Women's guild activities and provision of catering in the Parish
Funds held in Land and Buildings held by RCB can only be used for capital Projects approved by RCB
Funds held in Investment Property held by RCB can only be used for capital projects approved by RCB
Funds held in cash by RCB can only be used for capital projects approved by RCB
Unit Trusts held by RCB Can only be used for capital projects approved by RCB
Advent fund is used to support the diocesan evangelist and the children's minAsty
Revaluation reserve is accumulation of unrealised gain5 from inve5tm¢nt property
32

MOIRA PARISH CHURCH
YEAR ENDED 31 DECEMBER 2023
NOTES TO THE FINANCL4L STATEMENTS (CONTINUED)
23. FUNDS RECONCILIATION (CONTJNUEDJ
Asat
l January
2022
Fair value
gain I
(loss)
Asat
31 December
2022
Incoming Expendityre Transfers
Restricted Funds
Murdock Bequest
Building Fund
Ibba Fundraisin(y
Mission Trips Fund
DFC Fund
LOGIC Fund
St Johns Bowling Club
Women's Guild
Land and Buildings held by
RCB
Investment Property held by
RCB
Cash held by RCB
Unit Trusts
Advent Fund
100,997
108,518
1,384
1.834
1,163
120,986
1,411
10,785
100,997
117,997
1,404
2.329
1,322
124.511
1,336
10.801
9,479
20
495
159
244,938
(133,754) (107,659)
(75)
16
2,313,766
2,313,766
410,000
470,306
1,140,483
26,462
4,708,095
410,000
472,857
1,085,283
26,462
4,669,065
2,551
30265
(85,465)
287,923
(l33.829) (107.659)
(85,465)
Unrestricted Funds
General Fund
412,879
412,879
283,186
283,186
(372,406)
(372,406)
107,659
107,659
431,318
431,818
Total Funds
5,120,974
571,109
(506,235)
(85,465)
5,100.383
- The Murdock Bequest is to be used on costs of The orgaTJ in The Parish Church
The Building Fund is to be used to maintain the church property
The Ibba Fundraising Fund is to be used on initiatives to support the link Diocese in South Sudan
- The Mission Trip Fund is to be used to support young people undertaking mission trips
- This fund is to be used for income from DFC for poverty
- LOGIC funds are used to athninister Logic and to support Logi¢ programs
St John's Bowling Club fund is used to support the activities of St John's Bowling Club
Women's Guild fijnd is used to support Women's guild activities and provision of catering in the Parish
Funds held in Land and Buildings held by RCB can only be used for capital projects approved by RCB
Funds held in Investment Property held by RCB can only be used for capital projects approved by RCB
- Funds held in cash by RCB can only be used for capital proje¢t5 approved by RCB
Unit Trusts held by RCB can only be used for Capital projects approved by RCB
Advent fund is used to support the diocesan evangelist and the children's ministy
33

MOIRA PARISH CHURCH
YEAR ENDED 31 DECEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
23. FUNDS RECONCILIATION {CONTINUEDJ
Fund descriptions
a) Unrestricted ￿ndS
The income in the General Fund comprtses mainly of donations from collections and gift aid. Expenses
within the General Fund relate lo the raising funds and charitable activities of the charity.
b) Restricted funds
The income and expenditure in the restricted funds relate to donations to the building fund and other specific
donations during the year.
24. TRANSFERS
Funds are transfe￿ed from unrestricted funds to Testricted fvnds to cover shortfalls in restricted ￿nd[ng.
Reirnbursement of wages and running costs from the Logic fund to the Parish Church are accounted for as a transfer.
During the year. £1 0,300 was transfe￿ed from the Women's Guild Fund to the General Fund at the request of the
members as the Guild meetings no longer take place.
25. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Restricted
Unrestrllcted
Total
Fixed assets- tangible
Fixed assets- investments
cu￿eTrt assets
Current liabilities
Loans
Net assets as at 31 December 2023
2,329,112
2,068,970
376,195
142,523
2,471,635
2.068,970
711,136
(16,751)
334,941
(16,751)
4,774,277
455 713
5 229 990
Fixed assets- tangible
Fixed assets- investments
Cu￿ent assets
Current liabilities
Loans
Net assets as at 31 December 2022
2.336,909
1,953,140
379,016
144,626
2,481.535
1.953,140
683,987
(13,279)
(5,000)
304,971
(13,279)
(5.000)
4,669,065
431,318
5,100,383
34

MOIRA PARISH CHURCH
YEAR ENDED 31 DECEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS (COJVTJNUED)
26. RECONCILIATION OF NET INCOME TO CASH FLOW FROM OPE114TINC ACTIVITIES
2023
2022
Net income for the year
56,716
64,874
Depreciation
Dividends. interest and rent from investments
(Increase) /decrease in debtors
Increase / (decrease) in creditors
Other adjustments".
Interest on fued asset investments
Interest on Cu￿ent asset investments
Other non cash at bal￿ movements
9,900
(53,892)
(2,371)
3,472
9,070
(53,907)
95,569
(6,210)
(41,822)
(5272)
19
(33,250)
(32,816)
(3,414)
5,799
78,965
27. PENSIONS AND OTHER POST-RETIREMENT BENEFITS
The charity operates a def￿¢d contribution pension scheme for employees. The assets of the scheme are held
separately from those of the charity. The contributions paid by the charity during the year amounted to £l1.497 (2022
£10.711). At the balance sheet date outstanding payments to the fund totalled £648 (2022 - £709).
28. CONTINGENT LIABILTIES
The charity has a contingent liability 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 year (2022., None).
35

MOIK4 PARISH CHURCH
YEAR ENDED 31 DECEMBER 21123
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
30. FINANCIAL INSTRUMENTS
The carying amounts of the charity's financial instruments are as follows".
2023
2022
Finan¢ial assels
Measured at fair value through net income l expenditure:
Fixed asset investments- unit trusts
1.131,131
1.070,283
Debt instruments measured at cost less impaim?ent:
Fixed asset investments- Cash held by RCB
487,839
472,857
Cu￿ent asset investments - l year matyrity bonds
95 day notice account
84,735
77,222
1,780,927
81,752
76,069
1.700,961
The income, expenses. net gains and net losses attributable the charity's fmancial instruments are summarised as
follows:
2023
2022
Income and (expenses)..
Financial assets measured at fair value through net incom¢ I cxpenditure..
Fixed &8set investments - unit trusts
28,800
32.225
Debt insrnments measured at cost less impairnient:
Fixed asset investments- Cash held by RCB
14,982
2,551
Current asset investment5 - 1 year Ma￿rity bonds
95 day notice account
2.984
1,153
47,919
1,009
811
36,596
Net gains and (losses)..
Financial assets measured at fair value through net in¢ome l expenditure:
Fixed asset investments - invesiment property
Fixed asset investments- unit trusts
40,000
32,891
{85,465)
Current asset investments - l year maturity bonds
95 day notice account
72,891
(85,465)
Details of interest income and interest expenses Teflected in net income are shown within notes 5 and 10 respectively
in the notes to the financial statements.
36