St John the Baptist Parish of Dunluce, Bushmills Trustees, Annual Report for the year ended 31st December 2024 (continued) Receipts and Payments Account for the year ended 31st December 2024 Unrestrirted Funds 2024 Restricted Funds 2024 Endowment Funds 2024 Totsl 2024 Total 2023 Regular Dlrect Giving 84,346 84.346 80,175 Donation5 artrd Legacies 5.739 5,739 6,789 6,993 6,993 Fundraising 2,988 Investment Income 76,132 76,132 72,191 Other Income 12,807 12,807 9,483 Parish Organisations 928 1,074 2,002 506 186,945 1.074 188,019 172,132 Diocesan Assessments 24.490 24,490 21,939 Stipend and Staff Costs 80,793 80,793 48,983 Ministry and Outreach 4.091 4,091 2,896 Administration Costs 10,097 10,097 9,533 Property and Equipment Costs 46,887 46,887 57,493 Donatlons 14,715 14,715 13,903 Parish Organlsations 1.603 461 2,064 591 Investments 180,000 180,000 362,676 461 363,137 155.338 Net Receipts/lPaymentsl for the year before transfers 1175.7311 613 1175,1181 16,794 Fund Transfers Net Re¢eipts/ (Payments) for the year after transfers 1175,7311 613 1175,1181 16,794 Cash Fund5 at Start of year 397,814 1,789 399,603 382.809 Cash Funds at end of year 222,083 2A02 224,485 399,603 Sig iii Neil Salisbury, Honorary Secretary Date.. donBe of he Trustees {21 David Johnston, Honorary Treasurer 102<
St John the Baptist Parish of DUnlu, Bushmllls Trustees, Annual Report forthe year ended 31st December 2024 (continued) Statement of Assets and Liabilities as at 31st December 2024 Unrestrlcted Funds 2024 Restrirted Funds 2024 Endowment Funds 2024 Tgtal 2024 Total 2023 Cash Funds Current Accounts 130.062 2,402 132,464 222,669 Deposit Accounts 92,021 92,021 176,934 Totsl Cash Fund5 222,083 2.402 224,485 399,603 Investment Assets RCB Unit Trust5 179,737 2,386,169 2,560 2,568,466 2,345,187 CIT Unlt Trusts 27.272 27,272 24,875 Total Investment Assets 179,737 2,386,169 29.832 2,595,738 2,370,062 Assets retslned for the Parlsh's own use Parish Cent 1,001,871 1,001.871 1,001,871 Glebe House 352,418 352,418 352,418 Total Assets rètained for the Parlsh's own use 1.354.289 1,354,289 1,354,289 Signed on Behalf of the Trustees li} 121 Neil Salisbury. Honorary Secretary David Johnston, Ho rary Treasurer Date:
St John the Baptist Parish of Dunluce, Bushmills Trustees, Annual Report for the year ended 31st December 2024 (continued) Notes to the financlal statements for the year ended 31st December 2024 l. Accounting policies Set out below are the principal accountin8 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 bas1S. Ib) Statement of Assets and Llabllltles li) A55ets retainedfor the Porish s own use The assets of the Parish, retained for its own use compri5e'. Church Bullding and Graveyard The Church Building and Graveyard are deemed to be Heritage asset5 as defined by the Charities SORP IFRS102}. 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 benefi't to the users of the accounts and to the parish. Parish Centre The Parish Centre is recognised at rebuild cost for insurance purpose5. This was professionally assessed in 2010 following completion of major refurbishment and renovation work5. No depreciation has been provided on the Parish Centre buildings as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. Rectory The Rectory is recognised at the cost of major refurbishment. extension and renovation works completed in 2013. No depreciation has been provided on the Rectory as the current estimated residual value is not less than its carrying value and the remainin8 useful life currently exceeds 50 years. All property is vested in trust with the Representative Church Body. (li) Investments Investments in RCB/CIT Unit Trust5 are initially recorded at cost and are then subsequently stated at fair value at each year end date.
St John the Baptist Parlsh of Dunluce, Bushmills Trustees, Annual Report forthe year ended 31st December 2024 (continued) Notes to the financial ststements for the year ended 31st December 2024 {continuedl Movement in Cash Funds ljan 2024 Incoming Resources Outgolng 31 Dec Z024 Resource5 Transfers Restrfcted funds Bowling Club 1,789 1,074 14611 2,402 Unrestricted funds Designated- Gathered Ministry 203 19551 10,000 9,248 Designated- Youth Group 726 16481 78 General Fund 397,814 186,016 1361,0731 iio,(K)01 212,757 397,814 186,945 1362,6761 222,083 Total Funds 399,603 188,019 1363,1371 224,485 Bowling Club.. Funds generated by the members to running costs and development 3. Movement in Investment Funds Valuation ljan 2024 Transfers in Trnnsfers Out Valuatlon Adjustment Valuation 31 Dec 2024 Unrestrlrted Funds General Fund 180.000 12631 179,737 Endowment Funds Bequests 27.388 2,444 29,832 Restricted Funds Capital Fund 2.342,674 43.495 2.386.169 Total Investment Funds 2,370.062 180,000 45,676 2,595,738 Bequests: The total valve of a number of hlstoric endowments. The Parish has no acce5S to the capitsl value. Annual Investment income is paid to the Parish under the terms of the endowment to defray specified operating costs estr5 Capital Fund: The sales proceeds of Parish glebe lands and property is held in trust by the RCB. The Parish has restricted access to these funds for approved property capital expenditure only. Investment income is paid to the Parish to defrav general operating cost5. io
St John the Baptist Parish of Dunluce, Bushmills Trustee Annual Report for the year ended 31st December 2024 (continued) 4. Collections for Thlrd Partles 2024 2023 Christian Aid 160 985 Mothers Union 388 Greenisland Parch Church 326 Bishops Appeal 706 Royal British Legion 597 CM51 Iyeil 243 874 2.531 The above amounts have been included in receipts for the year under"Donations" & "Fundraising" and in payments for the year under"Donations". 5. Transactions wlth the Tru5tee5 The Parish paid two trustees a total of £61,797 for salaries and legitimate expenses. li