Receipts and Payments Account for the year ended 31st Dember 2023 Restrirted Funds 2023 Unrestricted funds 2023 Notes Total 2023 Total 2022 Recelpts - General Account Donations & Plate Collections Proceeds from Fundraising Events Bank & Deposit Interest Investment Income Rental of Premises Gifts Covid-19 Government Grant Sundries Other receipts Receipts from Repair fund Total Recelpts 80,337.17 19,561.55 80,337.17 19,561.55 82,1.12 2,015.30 443. 3,185.(X) 10,275.CX) 443.CXI 3,185.00 10,275.00 488.36 3,988.75 1,250.00 6,146.00 375.70 1,710.00 486.21 2,882.00 6,LXJO.00 123.169.93 486.21 9,933.86 6,CKIO.00 130.221.79 7,051.86 7,051.86 97,074.23
ReceFPts and Payments Account for the year ended 315t December 2023 Payments- General Account Unrestrlcted Funds (£) 60,161.41 17,443.10 9,930.96 9,263.34 9,692.50 3,143.1)0 884.99 5,606.25 4,172.32 2,016.15 Restricted Funds (£) Total 2023(£) 60,161.41 17,443.10 9,930.96 9,263.34 9,692.50 3,143.00 884.99 5,606.25 4,172.32 2,016.15 Note5 Total 2022 (£) 55,703.19 16,106.98 17,751.28 4,584.55 4,589.50 2,873.68 319.37 3,427.00 3,534.27 1,271.73 25,000.00 Wages and Salarie5 Diocesan Cost5 / Assessment Church Running C05ts/Repairs and Maintenance Utilities Parish Centre Costs Administration Costs Publications Charitable Donations Bank Loan Repayments general and sundries Payments to Repair Fund Flower Festival Expenses 11 8.088.13 8,088.13 Total Payments 130.402.15 130,402.15 101,161.55 li
Restrfcted Funds 2023 Unrestricted funds 2023 Notss Total 2023 Total 2022 Recelpts- Repalr and Mlsslon Account Transfer from General Account Bank & Deposlt Interest Total Recelpts 25,000.00 65.96 25,065.96 38.58 38.58 38.58 38.58 Payments- Repalr and Mlsslon Account Unrestricted Funds (£) 34.10 Restrfcted Funds (£) Total 2023 {£) 34.10 Notes Totsl 20221£) 31.64 9,350.00 Bank Fees Rectory Landscaping Transfer to Diocese Mission expenditure Flower Festival Expenses (Transfer to General Account) Other Flower Festival expenses 3,189.15 6,000.00 120.tM) 3,189.15 6,lJ)O.00 120.(K) 467.00 Total Payments 9,325.25 9.325.25 9.848.64
Summary of Recelpts and Payment- General account Totsl 2023 130,221.79 130,402.15 (-180.36) Total 2022 99,825.33 135,161.55 (.35.336.32) Total Receipts for year Total Payments for year Surplus (Deficit) Summary of Recelpts and Payment- Repalr and Misslon account. Totsl 2023 38.58 9,325.25 (-9.286.67) Total 2022 25,065.96 9,848.64 15,217.32 Total Receipts for year Total Payments for year Surplus (Deficit) ststement of Assets and Llabllltles as at 31" December 2023 Notes Unrestrfcted Funds 2023 Restrlcted Funds 2023 Total 2023 Total 2022 Cash Funds Current Accounts Total Cash Funds 11,170.61 11,170.61 19.223.98 19,223.98 30.394.59 39,861.62 3961,62 30394.59 Investment Assets Equity Investments Other Listed Investments Investments In RCB / CIT Unit Trusts Other unlisted investments Investment Properties Total Investment Assets 10,000.00 io.000.00 io.000.00 lo,)0.00 10000.00 10.000. iv
A55ets retalned for the Parlsh's own use Notes Unrestrlcted Fund5 2023 Restrlcted Funds Z023 Total 2023 Total 2022 Rectory Church and Halls Total Assets retalned for the Parlsh's own use 310,000 3.753.717 4.063,717 310,000 3,753,717 4,063.717 310.000 3,753,717 4,063,717 There are no current Ilabllltles other than a buslness loan wfth Danske Bank- current outstsndln8 balance - £14.671.01 The flnanclal statement above was presented to trustees on 11 February 2024 and s18ned on behalf of the Trustees Trustee I Rvd, Emma Rutherford (Chalr) Trustee 2 Mrs. F Hastle {secretary)
Notes to the financlal statements for the year ended 31 December 2023 1. Accounting polici•s 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) Recelpts and Paymènts 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 Liabiliti88 Assets rntalned for the Parlsh's own use The assets of the Parish, retained for its own use comprise:_ Church Building Parochial Hall Rectory The figures given in respect of the value of the church and halls is based on the insurance values provided by the church's insurers. The value of the rectory is based on the current valuation for rateable purposes. vi
Notes to the financlal statements for the year ended 31st December 2023 (continued) 2. Reconciliation of Cash Funds Unrestricted Restricted Cash In Cash in Current Repalrlm1881on A¢count fund , Totsl Total cash funds beginning of year 2023 11,350.97 28.510.65 39,861.62 Receipts for the year 2023 130,221.79 38.58 130,260.37 Payments for the year 2023 130,402.15 9,325.25 139,727.40 Total cash funds at end of year 2023 11,170.61 19.223.98 30,394.59 Pur ses of Restricted Funds Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes but sts'll within the wider objects of the Parish. The main source of restricted funds in St Molua's is the Repair Fund which is used to fund significant structural projects ythin the church premises, including the rectory and Mission work with earmarked funding. In previous years the repair work has included refurbishment of the church spires and heating system. In 2022 there was major work conducted to the grounds of the rectory in Complian with the health and safety requirements identified in the diocesan quinquennial report which amunted to approximately £10,000 however there were no major works other than routine maintenance and repair conducted in 2023. Other sources of restricted funds include specific charitsble contributs'ons were earmarked for individual charities and payments for publications. In addition, in will be noted that in 2021 earmarked grants were received for mission and outreach work. The bulk of this was transferred to the Diocese for them to administer on our behalf. We have no control over these funds. vii
Notes to the financlal statements for the y•ar ended 31st December 2023 (continued) Pur oses of Unrestricted Funds Unrestricted funds are expendable at the discrets'on of the trustees in furtheran of the objects of the church. 3. Donatlon8 and plat• collectlon8 2023 (£J 63,260.90 1,871.60 15,20467 80,337.17 Freewill Offerin Plate Collection Tax recovered on donations TOTAL 4. Proceed8 from Fundralslng Events SOURCE Coffee Mornin Choir Calanders Flower Festival TOTAL AMOUNT 1314.70 45.00 1,740.00 16,461.85 19 561.55 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. viii
Notes to the flnanclal statements for the year ended 31" December 2023 (contlnued) 5. Income from Investments The church has £10,000 invested with the Church of Ireland Twstees (cir). 6. Income from Rental of Promlse8 anlsatlon Dundonald Arts Club Zumba Ulster consort Concert J Ireland Concert Children's Clothes Sale Badminton Club TOTAL Amount 300.00 2,080.00 200.00 200.00 80.00 325.00 3 185.00 7. Income from Sundrf08 SOURCE Mess Church Funeral contributions Anon Donations Men at 10? BT Rebate TOTAL AMOUNT 134.40 315.00 15.00 1.00 20.81 486.21 ix
Notes to the financlal statements for the year ended 31# December 2023 (continued) . Other Income 2023 {a) Unre8trfcted SOURCE Maintenance Envelo Gift Da Envelo es Contact Envelo es Harvest Envelo es TOTAL AMOUNT 1,732.00 405.00 240.00 505.00 2 882.00 es (b) Restrlcted SOURCE Churches Minist of Healin Christian Aid Bisho eal Lib Bisho 's Earth uake A Insurance contribution TOTAL AMOUNT 189.00 291.00 555.00 4,500.00 7 051.86
Notes to the flnanclal statements for the year ended 31 December 2023 (contlnued) 9. Administration Costs SOURCE C Conville Brandin CCLI E Mcmullan Belfast Council TH Jordan Envelo Bookwell Ricoh Posts elPa er etc TOTAL AMOUNT 250.00 348.30 288.00 50.00 155.00 26.49 182.37 3 143.00 10. General and Sundrle8 8undrle8 SOURCE Kitchen Consumables Funeral Caterin Communion Wine Harvest TOTAL AMOUNT 126.60 130.00 90.00 505.00 346.60 General SOURCE al Colle e of Music Bank Fees RC8 Access Nl Recto Rates TOTAL AMOUNT 127.00 215.74 33.00 1.293.81 1669.55 Ro xi