t KnoGkbr£da Parish Church
Financial Statement
Year ended 31st December 2024

Knockbreda Parish Church
Financial statements for the year ended 31 December 2024
Contents
Receipts and Payments Account for the year ended 31/12/2024.
Statement of Assets and Liabilities as at 31/12/2024.
Notes to the financial statements for the year ended 31/12/2024..
Accounting policies.
Reconciliation of Cash Funds.
Movement in Funds..
Collections for Third Parties......
Transactions with the Trustees..
Governance Costs..................

Receipts and Payments Account for the year ended 31/12/2024
Unrestrlcted Restrirted Endowment
Funds
Funds
Funds
2024
2024
2024
Total
2024
Total
2023
Note
RECEIPTS
Donations and legacies
Donations & Plate Collections
Mission Donations/Collections
Bequests & Legacies
Income from charitable attivities
Proceeds from Fundraising
Parish Organisation's Income
Other Income from Charitable Activities
Other tradlng artivities
Rent
Hal l Letti n8s
Investments
I nvestment Income
I nterest
Other Income
Grants
TOTAL RECEIPTS
168,365
27,530
2,227
195,895
2,227
174,825
2,110
5,000
2,901
2,595
346
2,901
2,595
346
12,066
1,637
1,214
14,745
11,147
14,745
11,147
15,025
10,363
1,139
657
1,139
3,128
1,057
875
2,470
1750
39 146
1750
235 873
1200
225 372
196 727
PAYMENTS
Ralslng funds
Special Project
Fundraising Costs
Bank fees & Charges
38,778
3,081
38,778
4,446
278
2,580
7,858
289
1,366
278
Expenditure on tharltable activlties
Wages & Salaries incl pension and expenses 105,372
Diocesan Assessment
14,904
Church Running Costs
7,218
Hall Running Costs
10,245
Other Property Running Costs
5,900
Rates
9,456
Insurance
3,780
Security
1,766
Health & Safety
4,064
Equi pment
205
Administration Costs
5,090
Charati ble Givi ng
Parish Organisation's Costs
Other Charita ble Activiti es Costs
TOTAL PAYMENTS
105,372
14,904
7,485
10,261
5,900
9,456
3,780
1,766
4,064
536
5,573
20,956
4,883
3,520
241959
109,829
15,012
7,192
11,443
5,166
9,615
3,541
1,238
1,137
656
4,711
24,586
4,895
4,002
213 749
267
17
331
483
20,956
4,797
2,859
71,568
86
662
170 391
Ex￿sS of Re￿iptS over Payments for the year
26,336
32,422
6,086
11,623
Transfers in
Tra nsfers out
Ex￿sS of Receipts over Payments for the year
3,200
24 670
4867
42,610
21141
10 952
45,811
45 811
6086
28,018
28 018
11623
On Behalf of the Trustees
Trustee I
Trustee 2
L)TP
..ik. EGiFr
Rev William Press- Rector
Heather Elliott- Honorary Treasurer
Date
30 .RciL

Statement of Assets and Liabilities as at 31112/2024
Unrestricted
Funds
2024
Restrirted
Funds
2024
Endowment
Funds
2024
Total
2024
Total
2023
Cash Funds
cur.rent Accounts
osit Accounts
Creditcard
anisation Accounts
Total Cash Funds
62,756
59 688
10,018
72,774
66,840
1052
79,411
66,182
495
50
1?3 949
141069
147 155
Investment Assets
Other Li sted I nvestments
Investments in RCB / CIT Unit Trusts
Total Investment Assets
665
26,807
665
643
26,120
26,763
Assets retained for the Parlsh's own use
Church Halls
valucd In 2024 after extension
Rector
Curata
Sexton's Bun
alow
rixtures aiid fittin
Total Assets retained for the Parish's own use
2 100 000
530 000
325 000
175 000
2 100 000
530 000
325 000
175 000
450 000
250 000
150,000
3,130,000
3 130,000
850,000
On Behalf of the Trustees
Trustee I
Trustee 2
Canon William Press- Rector
Heather Elliott- Honorary Treasurer
Date
3c l£-

Notes to the financial statements for the year ended 31/12/2024
l. Accounting policies
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
(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
(i) Assets retainedfor the Parish's own use
The assets of the Parish, retained for its own use comprise:_
Church Building and Graveyard
Parochial Halls, Car Park and Tennis Court
Rectory
Curate's Bungalow
Sexton's Bungalow
Fixtures and fittings
The Church Building and Graveyard are deemed to be Heritage assets as defined by the
Charities SORP (FRS102)
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 commensurate with the benefit to the users of the accounts and to
the parish.
The Halls were built in 1970 and extended in 1998. A further small extension financed
through a council initiative was completed in 2024 at a cost of £250,000 and a
replacement value for insurance purposes was provided..
The Rectory and bungalows are recognised at deemed cost, being the estimated fair
value of the property at 31/12/2024 based on insurance and rateable value. No
depreciation has been provided on the Rectory and Bungalows as the current estimated
residual value is not less than its carrying value and the remaining useful life currently
exceeds 50 years.
Fixtures and Fittings are recognised at cost and are depreciated on a straight line basis
over a period of 5 years. No reliable records exist of historical fixtures and fittings and
as such no value has been attributed to these.

ii) Investments
Fixed asset investments comprising investment properties, investments in equities
(ordinary shares) and investment in RCB/CIT Unit Trusts are initially recorded at cost and
are then subsequently stated at fair value at each year end date. Investments in
unquoted investments are recorded at cost and are assessed annually for impairment.
2. 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
147,155
235,873
241,959
141,069

3. Movement in Funds
Knockbreda Parish Churth- N1101983
Fund movement by type
Atljan
Incoming
2024 Resour￿5
Outgolng Gains and
ReSoUr￿S
Losses Transfers
At 31 Dec
2024
Fund and type
Unrostrlcted
General - Cy>neral lund
46,422
196,727
170.391
-21,469
51,288
Sub-totals
46,422
196,727
f70.J91
-21,469
51.288
thslgnatéd
AudVG - AudK) Vsual Fund
416
960
2,088
745
383
8B- Boys Brgado
IdOub- Badmnton aub
(Xknk. Q)ffee Dxk
Q)rm£hoir - C4)fTTTunity QIoir
0)nt￿g0- Q)ntingLincy Fund
FRFJents - Fundraising - ENenls
FRMSC - Fundrasing - Books ctc
Ga£BRF- C of l &ILettc & Rcadng M)Ic5
Fkrvest - FLirvcsl
222
337
870
314
1,458
431
85
-150
117
750
1,237
971
986
986
12.754
3,862
5.080
68
522
413
-2,362
-3,580
-72
13,688
1,500
1,500
346
259
7,082
249
3,022
1,363
-3,429
6,675
122
Hub- The Fkjb
kypact - Irrpqlct Lodies Group
LBreak- Ladies Broakfast
LadBow Is - LadK>S Bow lry aub
Break- Pthns Broaldasl
)nsaub- ￿nS aub
)nC*nl*s - ￿)n- General tksgnated
(Xjtroach - (Xjlreach proFcts
FGiler- Parish Caterng
FThoir- F¥rsh thoir
Quin- Qu￿quenn￿l Fund
Thaub- Thursday aub
YoulhFeB- Youth Fellow shi)
1,490
30
30
585
26
611
414
170
-200
51
113
1,627
12,190
188
1,954
46
997
1.030
1,566
1,020
127
-600
-6,470
1,655
-1,000
1,897
6,750
2,407
853
1,002
1.121
25.740
855
319
5,000
-655
30.740
200
219
100
Sub-lotalj
76.541
12.994
6.470
-10,405
72.661
Restrlcted
AUocD)n - Alh)cated C*JnalK)ns Fund
(SS￿AT- CSSM Nkyw low nbreda Catering
CveS￿OJ- thoir Vestry Ftoiect
Chairs2023- Fèll F*oJecl 2022123
lldMn- ￿lS￿ren$ Mnistry
rcoll - AOocat8dlDrect CdlectK)ns
GdnR£m- Garden of Rerrerrberance
Ha112021- re-furb￿hrrent 2021
Krtch2224 - Krtchen re-f urb6hrrent 2022 2024
FM3g - Parsh ￿Agazine
Floperty - Assets - Poperty
Rest>)nat - Kfjscellaenous Restricted tbnations
TravBurs - Travel Bursary - Finch Bequest
Trustclvs - Trust tlvidend hcorre
15,700
2,681
50
15.700
~100
201
4,120
1,540
83
438
133
438
1,477
-149
900
876
-85
1.416
3.430
3.281
5,026
3.276
9,170
-996
5.026
3,259
582
-378
17
13,850
2.173
38.778
2,612
16.340
1.057
850,000
864
3,696
1,057
2,280,000
3,130,000
864
405
135
1,139
405
680
19
3,152
1,139
-1,038
Sub-totals
874,192
26,152
65,098
2,280,000
31.874
3.147,120
Endowmenl
Trusts - Assets -
26.763
709
27,472
Sub-totals
28.763
709
27,472
Totals
1,023,918
235,873
241,959 2,280,709
3,298,542

Purpose of Funds
The majority of designated funds support the activities of parish organisations.
Tlie Contingeiicy and Non General DesiETiated Funds (which inclLJde bequests) are allocated
as needed to building repair and maintenance, improvement projects and if necessary to
reduce a deficit in the General Fund. The Quinquennial Fund finances repairs and
maintenance identified in the quinquennial report. Tlie Kitchen Refurbishment Fund
finaiiced the new kitchen.
The Harvest and Fundraising Funds are allocated to new projects. The Parish Catering fund
supports catering and general expenses along with Mothers, Union activities and other
projects identified by the catering team.
The Audio Visual Fund is used to finance ongoing Audio Visual costs.
The Allocated Donations fund is sourced from regular Income and is used to support a
variety of organisations on an annual basis. The Parish Magazine Fund is used to pay for the
publication of the monthly magaziiie. Direct Collections relate to specified non-agency
collections. The Misc. Restricted Donations Fund contains funds donated for specified
purposes. Tlie Travel Bursary Fund is used to finance young parishioners wishing to
undertake missionary trips. The Trust Dividend Income is allocated as specified by the trusts.
4. Collections for Third Parties
2024
2023
Christian Aid
Leprosy Mission
Tearfund
CAP Belfast Centre (WPCA)
C.M.S.l.
Macmillan Cancer Support
TOTAL
1145
186
779
304
120
1250
13
1,340
471
2,594
3,013
The above amounts have not been included in Receipts and in Payments for either year.
5. Transactions with the Trustees
The Rector, Parish Administrator and Relief Organist were paid the following:
Office
Allowance
Locomotory
Expenses
Stipend/Salary/Fees
Pension
Rector
Parish
Administrator
41,699
6,025
10,242
800
7,000
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.
Reimbursement for incidental expenses to trustees amounted to £3,810.
6. Governance Costs
A cost of £600 was incurred for the inspection of the accounts.