Receipts and Payments Account for the year ended 31 December 2024 Unrestricted Funds 2024 Restricted Funds 2024 Endowment Funds 2024 Total 2024 Total 2023 Note Recel 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 Gift Aid 13,064 55,060 3,627 14,014 738 13,064 61,672 3,627 14,014 738 10,027 7,650 7,570 59,146 2,075 9,230 710 10,026 2,474 6,612 10,027 7,650 7,645 245 7,645 245 317 11,802 1,035 15 317 9,536 3,441 12,977 13,850 Total Recel ts 96,039 35,620 317 131,976 117,933 ments Diocesan Costs Church Running Costs Salaries and wages Glebe Costs Buildings Administration Costs Donation to Friendship Group Charitable Donations Sunday School Youth Fellowship Mission 15 Special collections Missionary 13,238 29,475 37.231 4,363 8.829 3,544 13,238 29,475 37,231 4,363 43,034 3,544 13.645 27,809 8,887 3,492 27,350 2,955 34,205 294 461 294 461 313 458 1,577 7,650 10,908 1,577 7,650 10,908 2,440 2.474 11,015 Total Pa ments 96,680 55,095 151,775 100,838 Excess of payments over re¢elpts before Transfers 16411 119,4751 317 119,7991 17,095 Tran5fer5 Exce55 of payments over receipt5 for the year 16411 119,4751 317 119,7991 17,095 Statement of Assets and Liabillties as at 31 December 2024 Unrestricted Funds 20Z4 Funds 2024 Funds 2024 Totsl 2024 Total 2023 Cash Funds Current Accounts 127.058 114,7121 3,502 115,848 137,604 Deposit Accounts Total Cash Funds 30.000 157.058 42,350 27,638 10,000 13,502 82,350 198.198 80,392 217.996 Church Halls Sexton's House Walkway Mini Bus Total Assets retalned for the Parlsh's own 1,290,626 87,555 21,849 I,LSo.Lt 1,290,626 87,555 21,849 960 1,400,990 1,400.OSO use Rector: Rev.lan McGrath Honorary Treasurer: Reginald Donaldson Date: kzg Notes to the financial statements for the year ended 31 December 2024 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) Recelpts and Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts b3515. {b) statement of Assets and liabilities Assets retqinedfvr 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 The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP IFRS1021. These Heritage assets are not included in the statement of assets and liabilities as information on the cost or valuation is not available and such information cannot be obtained at a cost cornmensurate 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. Reconcillation of Cash Funds Total Cash Funds at Beginning of the year Receipts for the Year Payment5 for the Year Total Cash Funds at end of the year 217,996 131,976 1151,7751 198,198 13 Notes to the financial statements for the year ended 31 December 2024 (continued) Movement in Funds Atljan 2024 Incoming Resources Outgoing Resources At 31 Dec 2024 Transfer5 Endowment fund Bequests 13,185 317 13,502 Restricted funds Building Fund Special and Missionary Fund Sunday School Fund Bleary Hall Redevelopment Fund Youth Fellowship Fund 36,136 3,973 6,907 15,264 1,260 244 34,205 1,577 461 17,195 3,656 6,690 97 47,113 97 27,638 16,768 36,243 Unrestricted funds Sustentation and General Fund 157,698 96,040 96,680 157,058 Total funds 217,996 113,125 132,923 198,198 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 is 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 recelved from the RCB to renovate the hall to support outreach in the area Pur 05es of Unrestricted Funds Su5tentation and General Fund.. This fund is for general use within Knocknamuckley Parish Church. Ladies Together, Friendship Hour, Craft Cla55, Girls, Brlgade and Boys, Brigade Five other bank accounts were operated during the year as detailed below: Ladies Together Friendship Hour Craft Class Girls, Brigade Boys, Brlgade Opening balance at l January 2024 Income Expenditure Closing Balance at 31 December 2024 701 2,328 398 17,541 20,068 2,368 2,215 854 1.105 1.294 2,139 346 496 13.358 13,050 17,849 30,492 25,118 25,442 248 14 Note5 to the financial statements for the year ended 31 December 2024 (continued) 5. Collections for Third Parties 2024 2023 GB Enrolrnent BB Enrolment Earl Haig Protestant Orphan Society Bishop's appeal Yellow Ribbon Royal British Legion Lurgan District Orange Turkey & Syria Earthquake Bishops Ministry Fund Donation from Parishioners 557 465 287 592 173 384 420 198 585 264 259 408 219 411 627 4,275 7,650 2,474 6. Transa¢tlons wlth 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 - £585.30 3. Duties as Church Pianist to Judith Mcvicker, daughter of Trustee Dawn Connolly- £1,600 4. Duties of printing to Hazel Cordiner, wife of Walter Cordiner Trustee - £1,185 The Parish paid expenses of £4,363 relating to the running costs of the glebe house which is now occupied from September 2024. 7. Governance Costs Governance costs incurred during the year of £1,200 relates to Accountancy fees paid relating to the prior year 2023 Accounts. 15