BILLY PARISH CHURCH
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
Registered with the Charity Commission for Northern Ireland (NIC 102901)
BILLY PARISH CHURCH RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2023
| RECEIPTS Donations and plate collections Bank interest Investment income Other receipts PAYMENTS Wages and salaries Diocesan costs Church running costs Administration costs Missions and charities Surplus/(deficit) for the year |
Unrestricted Funds Restricted Funds Total Total 2023 2023 2023 2022 £ £ £ £ 41,124 3,220 44,344 34,105 302 - 302 278 7,050 1,797 8,847 8,721 2,778 - 2,778 2,019 |
|---|---|
| 51,254 5,017 56,271 45,123 |
|
| 23,941 - 23,941 3,408 9,479 - 9,479 7,109 18,557 - 18,557 10,590 1,659 - 1,659 1,337 - 3,350 3,350 2,307 |
|
| 53,636 3,350 56,986 24,751 |
|
| (2,382) 1,667 (715) 20,372 |
Signed by on behalf of the Trustees:
Brian Brown
Pam Traill
27th February 2024
BILLY PARISH CHURCH STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST DECEMBER 2023
| CASH FUNDS Current accounts |
Unrestricted Funds Restricted Funds Total Total 2023 2023 2023 2022 £ £ £ £ 116,593 6,719 123,312 124,027 |
|---|---|
| 116,593 6,719 123,312 124,027 |
BILLY PARISH CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST 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.
1 Receipts and Payments Account
All items of income and expenditure included in the Receipts and Payments account have been accounts for on a cash receipt basis.
2 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 Church buildings and the graveyard which are deemed to be Heritage assets as defined by the Charities SORP (FRS102). These 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 as a cost commensurate with the benefit to the users of the accounts and the Parish.
b) Investments
Fixed asset investments comprising investments in the Church of Ireland Trust which are initially recorded at cost and then subsequently stated at fair value at each year end date.
3 Reconciliation of cash funds
| Cash funds at 1st January 2023 Receipts for the year Payments for the year Cash funds at 31st December 2023 |
117,308 56,271 (56,986) |
|---|---|
| 116,593 |
4 Movement in funds
| Restricted funds Building Fund Unrestricted Funds General Fund |
Incoming Outgoing resources resources £ £ £ £ 6,719 - - 6,719 117,308 56,271 (56,986) 116,593 At 31st December 2023 At 1st January 2023 |
|---|---|
| 124,027 56,271 (56,986) 123,312 |
BILLY PARISH CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023
(Continued)
5 Donations to third parties
| Donations to third parties | 2023 2022 £ £ 3,350 2,307 |
|---|---|
These donations are paid from church funds to thrid parties, as approved by the Trustees.
6 Transactions with Trustees
None of the Trustees received any remuneration during the year in connection with their duties, other than reimbursement of expenses laid out by them wholly and exclusively on behalf of the congregation.