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