Recelpts and Payments Account for the year ended 3151 December 2023 Endowment Funds 2023 Unrestricted Funds 2023 Restrlcted Funds 2023 Total 2023 Total 2022 Note Recel ts Donations & plate collection Proceeds from Fund Raising Events Collections for Third Parties Bank & Deposit Interest Investment Income Rental Proceeds Grants Other Receipts Recelpts from Scarva & A8haderg Legacy Income Total Reeel ts 11,129 150 1,152 1,272 271 150 11,129 150 1,152 1,272 271 150 5,000 5,359 34,878 1,000 60,361 10,911 330 314 361 320 150 2,871 6,152 24,755 1,000 47,164 12 5,000 5,359 34,878 1,000 55,361 io 5,000 Pa ment Wages and Salarles Diocesan Costs / A55essment Church Running Costs Glebe House Shared Running Costs Glebe House Shared Rental Collections for Third Parties Administratlon Costs Payments to Parish Organisations Grant Expenditure Church Website Costs alPa ments li 38,885 1,224 6,786 494 38,885 1,224 6,786 494 30,209 1,332 8,127 596 360 778 249 199 2,804 675 533 586 5,993 300 55,476 675 533 586 993 300 50,476 5,0110 5,000 44,654 Excess of Recelpts over Payments for the year before transfers 4,885 4,885 2,510 Transfers 10,000 iio,0001 Excess of Recelpts ov the year ayments foi 14,885 iio,0001 4,885 2,510 On Behalf of the Trustee I Trustee 2 Statement of Assets and Llabilities as at 31" December 2023 Unrestrlcted Funds 2023 Restricted Fund5 2023 Endowment Funds 2023 Total 2023 Total 2022 Cash Funds Current Accounts Deposit Accounts Cash Total Cash Funds 25,720 25,720 34,314 9,422 43,067 2,660 55,149 34,314 2,025 25,720 34,314 60,034 Investment Assets Equity Inve5tmerits Other Listed Investments Investments in RCB / 316 Units of RB General Unit Trust Nl Other un15sted Investments Investment Properties Total Investment Assets 1,345 1,345 1,307 1,345 1,345 1,307 Assets retalned for the Parlsh's own use Fixtures and Fittings Shared Rectory 24,000 24,000 Total Assets retalned for the Parlsh's own use 24,000 24,000 24,000 Total Assets 49,720 34,314 1,345 85,379 80,456 On Behalf of the Trustees Trustee I Trustee 2 Notes to the financial statements for the year ended 31$t December 2023 Accountlng pollcles 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) ReceSpts and Payments Account All items of income and expenditure included withln the Receipts and Payments Account have been accounted for on a cash receipts ba51S. Ibl Statement of Assets and Llabllltles 111 A55et5 retalnedfor the Parlsh'5 own use The assets of the Parish, retained for its own use comprise:. Church Building and Graveyard Glebe Narlonal School Glebe Field Fixtures and fittin8S 15 Oaklands, Loughbrickland 110% Sharel The Church BuildSng and Graveyard are deemed to be Herlta8e assets as defined by the Charities SORP IFRS1021 These Heritage assets are not included in the statement of assets and Ilabllltles as Informatlon on the cost or valuatlon Is not avallable and such informatlon cannot be obtained at a cost commensurate with the benefit to the users of the 3ccount5 and to the parish. The Glebe National School was bullt In 1818. There are no reliable records of the cost of this construction and valuation approach for such a building lacks suff Iclent reliabillty. As a result this building is not recognised Sn the parlsh statement of assets and liabilities. The Glebe Fleld Ss physlcally attached to the Glebe National School and as such is not separable as an Indivldual asset. There are no reliable record5 of the cost of thls acquisition and valuation approach for such land lacks sufficient reliability, As a result thls field is not recognised in the parish statement of assets and liabilities. Flxtures and Flttlngs are deemed to be Heritage asset5 as defined by the Charitles SORP IFRS1021, These fixtures and flttin8s are artefacts contained withln the Church Buildin8 and thelr preservation and contribution to culture are anclllary to falth and other purpose5. Heritage assets are not Sncluded in the statement of a55ets and liabilities as informarSon on the cost or valuation is not available and such Information can not be obtained at a cost commensurate wlth the benefit to the users of the accounts and to the parish. In December 2022, the Parish purchased a IO% share in 15 Oaklands, Loughbrickland to be used as shared rectory between the Aghaderg and Scarva Parishes. Donaghmore is responsibSe for IO% of the running costs. The market value and purchase price of the property in December 2022 was £240,000 with IO% equating to £24,000. 111 Investments Fixed asset investments comprising investment properties, investments in equities lordinary shares) and Investment in RCB/CIT Unit Trusts are in itially recorded at cost and are then subsequently stated at fair value at each year end date. Investments in unquoted investments are recorded at cost and are assessed annually for impairment Notes to the Ilnan¢lal statements for the year ended 315t December 2023 {contlnuedl Reconciliation of Cash Funds Total Cash Funds at Beginning of the year Receipt5 for the Year Payments for the Year Total Cash Funds at end of the 55,149 60,361 155,4761 60,034 year Movement In Fund$ Transfers / Investment Galn {Lossl Atljan 2023 In¢omlng Resources Out8olng Resources At 31 Dec 2023 Endowment funds Investment in RCB General Unl Trust Mrs FE Patterson Bequest19-691 Mrs FE Patterson Bequest19-701 Miss JG Burnett Bequest190-341 Mrs AM Lucas Bequest17-861 Mrs K Robinson Bequest121-561 Mrs K Robin50n Bequest143-121 Mrs MA Garrett Bequest112-501 Mrs MA Kidd Bequest110-001 40 40 373 32 89 178 52 41 41 41 384 33 92 183 53 42 li 845 24 869 Restrl¢ted funds Investment in RCB General Unit Trust Church Off icers Composition 1111-821 Glebe Profit Sale Glebe Prof it Sale 8uSldln8 Fund 462 14 476 43,067 1,272 1251 iio,0001 34,314 43,529 1,272 1251 19,9861 34,790 Unrestricted funds Graveyard Fund General Fund Shared Rectory 10,971 I,iii 24,000 36,082 2,780 56,309 14,5401 150,9111 9,211 16,509 24,000 49,720 io,cK)o 59,089 155,4511 10,000 Total funds 80,456 60,361 155,4761 38 85,349 io Notes to the financlal statements for the year ended 31. December 2023 Icontlnuedl Pur oses of Endowment Fund Investment in RCB General Unit Trust comprise5 eleven individual trust funds. There are eight fund5 which are solely to do with endowments. They are as follows.. Mi55 FE Patterson Bequest- Income from this f und is to a551st with the Condition of the Grave Miss FE Patterson Bequest - Income from this fund is to assist with the Stipend. Miss JG Burnett Bequest- Income from this fund is to be used for Parish purposes and the Condition of the Grave Mrs AM Lucas Benefactory- Income from this fund is to assist with the Grave Mrs K Robinson Bequest- Income from this fund is to asslst with the Poor at Christmas Mrs K Robin50n Bequest- Income from this fund is to asslst with the upkeep of the Church. Mrs M A Garrett Bequest- Income from this fund is to asslst with the upkeep of the Scott Grave. Mrs MA Kidd Bequest- Income from this fund is to assist with augmentation. Pur oses of Restricted Fund Investment in RCB General Unit Trust comprlses eleven Individual trust f unds. There are three funds which are restricted. They are as follows.. Church Officers Composition Balance This fund is to assist with the Stlpend Rectory Profit Sale This fund is spIIt equally. One half derives from the sale of the rectory property and Is to be used for the benefit of Donaghmore ParSsh In a way to be agreed by the RCB, Diocesan Councll and Donaghmore Select Vestry. This fund was cashed In to pay for the Shared Rectory in December 2022. Rectory Profit Sale- Thls fund is split equally. One half derlves from the sale of the rectory property and Is to be used to pay for Church Repairs. This fund was cashed in to pay for the Shared Rectory in December 2022. Building Fund., This is Comprised of two separate bank accounts whlch are both used for the purpose to assist with the maintenance and renewal of the Church property. Pur es of Desi na d Fund Graveyard Fund.. The Trustees have set aside funds for the maintenance and upkeep of the Church Graveyard and / or other needs of the Church. General Fund.. This fund covers all expendlture and recelpt transactlon5 except for those which demand separate fund accounting. This fund is to assist with all areas of the Church Llfe alongside the maintenance and upkeep of all the Church A55ets, Collectlons for Thlrd Partles 2023 2022 Poppy Appeal Southern Area Hospice Christian Aid Hunger Appeal SANDS Tractor Run Bishops Appeal loo 411 88 300 350 40 641 1,152 The above amounts have been included In Receipts for the Year under "Collections for Third Parties" and in Payments for the year under "Collection5 for Third Parties" The remaining difference will be transferred to the relevant parties in 2024. 778 li Notes to the financlal statements for the year ended 31$t December 20231contlnued) 5. Transactions wlth the Trustees The parish paid £494 relating to the shared running costs of the Church Rectory. No trustee received any remuneration or reimbursement of expenses for the running costs of the Church Rectory during the year. Trustee, Norman McKnight, is connected with the rental income from the Glebe Field. The Rental Income for 2023 was £15012022 £1501. Trustee, Neil McKnight, was enga8ed to malntain the Graveyard. In 2023, he was paid £2,40012022 £2,400) for carrying out his work. Trustee, Gretta Jackson, was en8aged to maintain the Church in the role of Sexton. In 2023, she was paid £750 12022 £7501. Admlnlstratlon Costs 2023 2022 Bank Fees Stationery Offering Envelopes Independent Examiner Glft 145 153 185 50 533 99 loo 50 249 Governance costs of £ 50 were Incurred durlng the year of which £50 relates to a gift paid to the Independent Examiner. Governance costs are Included within Administration costs in the Receipts and Payments Accounts. 7. Church Runnln8 Cost5 2023 2022 Electricity Oil Church Insurance Water Rates Church Repairs Fire & Defence Grass-cutting Graveyard Expenses Mcminn Boiler Services Glft for Sexton Christian Copyright Licensin8 Steeplejack Children's Jubilee Book Confirmation Book Reverend Expenses Reverend Wedding Gift Donation In Memory of the Late Canon Little 16001 1,049 817 iii 60 192 1,138 761 71 2,863 91 2,400 2,400 2,109 86 50 87 93 270 270 60 18 40 277 200 6,786 8,127 The above amounts have been included in Payments for the Year under "Church Running Costs.. 12 Notes to the financial statements for the year ended 31st December 2023 Icontinued) 8. Collectlons from Fundralslng Costs 2023 2022 Church Funds 150 150 330 330 The above amounts have been included in Receipt5 for the Year under 'Collections from Fundraising." 9. Rental Proceeds Z022 2022 Glebe Field 150 150 150 150 The above amounts have been Included in Receipts for the Year under "Rental Proceeds." 10. Other Recelpts 2023 2022 Gift Aid R Kernaghan Church Talk Graveyard Donation and Fees Amazon Smile 2,259 300 2,780 20 5,359 6,140 12 6,152 The above amounts have been Included In Recelpts for the Year under "Other Recelpts." 11. Wages and Salarles 2023 2022 Stipend PAYE Visiting Clergy Sexton Organist Visitlng Organist 29,107 7,610 248 750 1,140 30 38,885 25,060 2,855 262 750 1,075 207 30,209 The above amount5 have been Included In Payments for the Year under "Wages and Salaries." 13 Notes to the financlal statements for the year ended 3151 December 2023 l¢ontinuedl 12. Investment Income and Expenditure 2023 2022 Investment Income RCB Trust Income 271 320 The above amount has been Included in Payments for the Year under"Investment Expenditure." 14