Receipts and Payments Account for the year ended 31 December 2023 Unrestricted Funds 2023 Restricted Funds 2023 Endowment Funds 2023 Total 2023 Total 2022 Note Recel ts Donations & plate collections FWO & Harvest Appeal Bank & Deposit interest Other receipts Scheme & CIT income Missionary Special collections Legacies Building Fund Sunday School Bequest Youth Fellowship GiftAid 7.570 55,623 2,075 9,230 710 7,570 59,146 2,075 9,230 710 10,026 2,474 12,117 60,556 288 3.306 746 12,211 2,633 52,000 14,459 1,138 15 3,523 10,026 2,474 11,802 1,035 11,802 1,035 15 15 9,991 3,859 13,850 26,445 Total Recei ts 85,199 32.719 15 117,933 185,914 Pa ments Diocesan Costs Church Running Costs Salarie5 and wages Glebe Costs Buildings Administration Costs Donation to Friendship Group Charitable Donations Mini Bus Sunday School Youth Fellowship Mission 15 Special collections Missionary 13,645 27,809 8,887 3,492 11,382 2,955 13,645 27,809 8,887 3,492 27,350 2,955 19,023 41,898 42,371 4,239 40,898 2.784 15,968 313 313 276 1,793 1,145 458 458 2,440 2,474 11,015 2,440 2,474 11,015 1,925 2,633 13,432 Total Pa ment5 68,170 32.668 100,838 172,417 Excess of receipts over payments before Transfers 17,029 51 15 17,095 13,497 Transfer5 Excess of Receipts over Payments for the year 17,029 51 15 17,095 13,497 11
ststement of Assets and Liabilities as at 31 December 2023 Unrestricted Funds 2023 Restrirted Funds 2023 Endowment Funds 2023 Totsl 2023 Totsl 2022 Cash Funds CUrnt Accounts 127,698 6,721 3,185 137,604 121,069 Deposit Accounts Total Cash Funds 30,000 157,698 40.392 47.113 10,000 13,185 80,392 217,996 79.832 200.901 Church Halls Sexton's House Walkway Mini Bu5 Total Assets retained for the Parish's own Use 1.290.626 87.555 21.849 960 1,400,990 1,290.626 87.555 21,849 960 1,400,990 1.290,626 87,555 21,849 960 1.4CM).990 Honorary Treasurer: Reginald Donaldson Honorary Secretary: Sydney Henderson Date: /t 2a£+. 12
Notes to the financial statements for the year ended 31 December 2023 Accounting policies Set out below are the principal accounting policies that have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities {a) Receipts and Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. (b) Statement of Assets and Liabilities Assets retalnedfvr the Parish's own use The assets of the Parish, retained for its own use comprise.. Church Building and Graveyard Church Halls Sexton's House Walkway Mini Bu5 The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP IFR51021. These Heritage assets are not included in the statement of a55ets and liabilities 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 users of the accounts and to the parish. The Church Halls, Sexton's House and Walkway are ascribed a value based on the insurance valuation. The mini bus is ascribed a current valuation. Reconciliation of Cash Funds Total Cash Funds at Beginning of the year Receipts for the Year Payments for the Year Total Cash Funds at end of the year 200,901 117,933 1100,8381 217,996 13
Notes to the financial statements for the year ended 31 December 2023 (continued) Movement in Funds Atljan 2023 Incoming Resources Outgoing Resource5 At 31 Dec 2023 Transfers Endowment fund Bequests 13,170 15 13,185 Restricted funds Building Fund Special and Missionary Fund Sunday School Fund Bleary Hall Redevelopment Fund Youth Fellowship Fund 35.467 5.168 6,330 16,637 1,245 1,035 15,968 2,440 458 36,136 3,973 6,907 97 97 47,113 47,062 18,917 18,866 Unrestricted funds Sustentation and General Fund 140.669 85,199 68,170 157,698 Total funds 200,901 169,573 156,076 217,996 Pur oses of Endowment Funds Income from the Bequest is to be used to provide a stipend to the Rector and maintenance of the graves. Pur oses of Restricted Funds Building Fund: This is a fund to be used for the maintenance of the church property. Special and Missionary Fund.. This 15 a fund to be used in supporting Missionary work and other specific initiatives. Sunday School Fund- The Trustees have Set aside funds for use by the Sunday School. Bleary Hall redevelopment fund is a grant received from the RCB to renovate the hall to 5UPPOrt outreach in the area Pur oses of Unrestricted Funds Sustentation and General Fund: This fund is for general use within Knocknamuckley Parish Church. Ladies Together, Friendship Hour, Craft Class, Gir15' Brigade and Boys, Brigade Five other bank accounts were operated during the year as detailed below: Ladies Together Friendship Hour Craft Class Girl5, Brigade Boys, Brigade Opening balance at l January 2023 701 2,674 325 16,832 17,758 Income Expenditure Closing Balance at 31 December 2023 922 1,268 2,328 291 218 12,815 12,106 17,541 29,660 27.350 20,068 701 398 14
Notes to the financial statements for the year ended 31 December 20231continued) 5. Collections for Thlrd Parties 2023 2022 GB Enrolment BB Enrolment Earl Haig Protestant C,"phan Society Bishop's appeal Yellow Ribbon Estwatini Hope & Glory Choir Lurgan District Orange Turkey & Syria Earthquake 287 592 173 384 254 233 88 182 410 663 550 253 408 219 411 2,474 2,633 6. Transactions with the Trustees No trustee received any remuneration or reimbursement of expenses during the year. No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year except for: l. Duties as Church Organist to Reggie Donaldson £1,600 2. Collection from Church to Yellow Ribbon of which Dr. Arthur Cassidy is a Trustee - £407.60 The Parish paid expenses of £3,492 relating to the running costs of the glebe house which is unoccupied during the vacancy. 7. Governance Costs Governance costs incurred during the year of £1,750 relates to Accountancy fees paid relating to the prior year 2022 Accounts. 15