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
CUr￿nt 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