DUNSEVERICK PARISH CHURCH Note8 to the Accounts - Year Ended 31 December 2023 Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities. Rocelpts and Payments Account All items of oncome and expenditure included in the Receipts and Payments Account have been accounted for on a cash receipt basis. ststement of A880ts and Llabllities {8) Assets retained for the Parish's own use The assets of the Parish, retained for its own use comprise of four church buildings and the graveyard. The church buildings and graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS 102). These heritage assets are not included in the statement of assets and liabilities as infonatIon on the cost or valuation is not available and such infomation cannot be obtained as a cost commensurate with the benefrt to the users of the accounts and the parish. (b) Investments Fixed asset investments comprising investments in RCBICIT Unit Trusts are initially recorded at cost and then subsequently stated at fair value at each yearend date. 3 Reconciliation of Cash Funds Total Cash Funds at 1 Janua Recei ts for the Year Pa ments for the Year Total Cash Funds at 31 December 2023 2023 109,185 102,585
DUNSEVERICK PARISH CHURCH Notes to tho Accounts Continued - Year Ended 31 Decombor 2023 4 Movement in Funds At 1 January 2023 Incoming Resources Outgoing Re80urces Transfers At31 December 2023 Restricted Funds Buildin Fund 89,091 2,900 120 91,871 120 Unrestricted Funds General Fund 20,074 40,463 49,823 10,714 Totsl Funds 109 165 102 585 Pur ose of the Restricted Funds The Building Fund is to assist with major Maintenance projects for the church. 5 Donatlons to Thlrd Parties 2023 2022 Donations to Third Parties 882 This is donations paid from church funds to third parties, as approved by the Trustees. 6 Transactions with Trustees One of the trustees, the minister of the church. Reverend P Barton received a stipend of £11613. No other trustees reiVed any remuneration or reimbursement of expenses during the year.
DUNSEVERICK PARISH CHURCH RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrfcted R08trlcted Funds Funds 2023 2023 Total 2023 Totsl 2022 Note RECEIPTS Donations and plate collections Bank Interest Investment Income Other Receipts Total Recelpts 28,379 68 1,066 10,950 40,463 1,789 1,006 30,168 1,074 1,066 11,055 43,363 26,406 110 799 8,471 35,785 105 2,900 i PAYMENTS Wages and Salaries Diocesan Costs Church running costs Adminstration costs Sundries 14,456 7,103 24,916 535 2,813 14,456 7,103 24,916 535 2,933 11,570 7.730 10,044 333 120 Total Payments 49,823 120 49,943 31,021 By Balance - Surptus (Deflctt) -9,360 2,780 4,680 4,764 On bohalf of the Trustees Rev Patrick Barton Jim Wilkinson 4th March 2024
DUNSEVERICK PARISH CHURCH STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2023 Unrestricted Funds 2023 Restricted Funds 2023 Total Funds 2022 2023 h Funds Current Accounts 10,818 91,767 102,585 109,165 Total Cash Funds 10,818 91,767 102,585 109,165 Total 2023 Total 2022 Investment Assets Investments in RCBICIT Unit Trusts 30,232 29,736 Tot81 Investment Assets 30,232 29,736