Ballintoy Parish Church Financial Statements for the year ended 31st December 2023 Reglstered wlth the Charlty Commiss5on for Northern Ireland NIC 102113 BALLINTOY PARISH CHURCH RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restricted Funds Funds 2023 2023 Total 2023 Total 2022 RECEIPTS Donations and plate collections Bank Interest Investment Income other Receipts Total Roceipts 42,581 74.381 21 116.962 55 625 22,986 140,628 55,784 26 621 30,996 87,426 625 22,986 66,226 74,402 PAYMENTS Wages and Salaries Diocesan Costs Church running costs Missions Glebe costs Adminstration costs Refurbishment Bank Charges Sundries 31,608 11,933 14,538 1,183 2,695 1,432 2,935 162 1,752 31,608 11,933 18,239 1,183 2,695 1,432 86,666 255 2,203 29,148 11,661 22,288 1,440 1,046 420 16,269 248 1,705 3.701 83,731 93 451 Total Payments 68,238 87,976 156.214 84,225 By Balance - Surplus IDeflclt) -2,012 -13,574 -15,586 3,201 On behalf of the Trustees Rev Patrick Barton Alistair Mcmullan 4th March 2024 BALLINTOY PARISH CHURCH STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2023 Unrestricted Funds 2023 Restricted Funds 2023 Tota5 Funds 2022 2023 Cash Funds Current Accounts 16,150 75,180 91,330 106,915 Total Cash Funds 16.150 75,180 91,330 106,915 Total 2023 Total 2022 Investment Assets Investments in RCBICIT Unit Trusts 8,375 8,004 Total Investment Assets 8,375 8.004 BALLINTOY PARISH CHURCH Notes 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. Receipts and Payments Account All items of income and expenditure included in the Receipts and Payments Account have been accounted for on a cash re￿Ipt basis. Statement of Assets and Liabilities (a) 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 herrtage assets are not included in the statement of assets and liabilities as information on the cost or valualion is not available and such infomiation 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 initialty recorded at cost and then subsequently ststed at fair value at each yearend date. 3 Reconcillatlon 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 106,915 140,628 156.214 BALLINTOY PARISH CHURCH Notss to the Accounts Continued - Year Ended 31 December 2023 4 Movement in Funds At 1 January 2023 Incoming Resources Outgoing Resources Transfers At31 December 2023 Restricted Funds Refurbishment Fund Parish Hall Joint Rectory 71,911 59,307 83,841 47.377 1.857 14,986 1,523 12,071 1.942 2.193 1.438 26,364 1,500 88.754 Unrestricted Funds General Fund 87.976 18.161 66,227 66,738 1.500 16,150 Total Funds 106,915 139 128 154.714 91,329 Pur ose of the Restricted Funds The Parish Hall Fund, Joini Rectory Fund and Refurbishment Fund are to assist with major rnaintenan￿ projects for the church hall and rectory respectively. 5 Donatlons to Third Parties 2023 2022 Donatlons to Third Parties 1,440 This is donation 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 £31,608. During the year and £1.500 was paid to Mrs H Heaney for her duties as Sexton. No other trustees received any remuneration or reimbursement of expenses during the year.