Receipts and Payments Account for the year ended 318t December 2024 Unrestricted Funds 2024 Restrlcted Funds 2024 Endowment Funds 2024 Total 2024 Total 2023 Recel ts Donations & plate collection Proceeds from Fund Raising Events Collections for Third Parties Bank & Deposit Interest Investment Income Rental Proceeds Grants Other Receipts Receipts from Parlsh Organisation's Legacy Income Total Rec 10,737 2,335 10,737 2,335 767 1,385 294 150 11,129 150 1,152 1,272 271 150 5.000 5,359 34,878 1,000 60,361 767 1,385 294 150 12 io 4,490 43,592 4,490 43,592 62,983 767 63,750 Pa ments Wages and Salaries Diocesan Costs / Assessment Church Running Cost5 Glebe House Shared Runnlng Cost$ Collections for Thlrd Parties Admlnistratlon Cost5 Payments to Parish Organlsatlons Fundraising Costs Grant Expenditure ChLtrch Website Costs Total P ents li 45,488 1,044 6,281 254 154 225 691 400 45,488 1,044 6,281 254 921 225 691 400 38,885 1,224 6,786 494 675 533 586 767 5,993 300 55,476 54,537 767 55,304 Excess of Recelpts over Payments for the year before transfers 8,446 8,446 4,885 Transfers Excess of Re¢elpts over Payments for the year 8,446 8,446 4,885 On Behalf of the Trustees Trustee I Trustee 2 c JoJ4SWrf
Statement of Assets and Liabllltle5 a5 at 31rt December 2024 Unrestrlcted Funds 2024 Restrlcted Funds 2024 Endowment Funds 2024 Total 2024 Total 2023 Cash Funds Current Accounts Deposit Accounts Cash Total Cash Funds 32,571 32,571 35,699 210 68,480 25,720 34,314 35,699 210 32,781 35,699 60,034 Investment Assets Equity Investments Other Listed Investments Investments in RCB / CIT Unlt Trusts 1275 Units of R8 General Unit Trust Nl Other unlisted investments Investment Propertles Total Investment Asset5 1,370 1,370 1,345 1,370 1,370 1,345 Assets retalned for the Parlsh's own use Fixtures and Fittin8S Shared Rectory 24,01)0 24,000 24,0(10 Total Assets retalned for the Par15h's own use 24,000 24,000 Total Assets 56,781 35,699 1,370 93,850 85,379 On Behalf of the Trustees Trustee I Trustee 2
Note5 to the financial statements for the year ended 311t December 2024 Accountlng pollcies Set out below are the prlncSpal 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 Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on cash receipts basis. (bl Statement of Assets and Llabllltles 111 Assets retolnedfvr the Porlsh's own use The assets of the Parish, retained for Its own use comprlse'.- Church Building and Graveyard Glebe National School Glebe Field Flxtures and flttin85 15 Oaklands, Loughbrlckland 110% Share) The Church Bullding and Graveyard are deemed to be Herltage assets as deflned by the Charlties SORP IFRS1021 These Heritage assets are not included in the statement of assets and liabilities as information on the cost or valuatlon is not available and such Infomiatlon cannot be obtained at a cost commensurate wlth the benefit to the users of the accounts and to the parlsh. The Glebe Natlonal School was bullt In 1818. There are no rellable records of the cost of thSs construction and valuation approach for such a buSldin8 lacks sufflclent reliabillty, As a result this building Is not reco8nised In the parish statement of assets and liabilitles. The Glebe Field Is physlcally attached to the Glebe Natlonal School and as such Is not separable as an indlvldual a55et. There are no rellable records of the c05t of thls acqulsition and valuation approach for such land lacks sufflcient rellabllltv. As a result this field Is not reco8nlsed in the parlsh statement of assets and liabilities. Fixtures and Fittlngs are deemed to be Heritage a55ets as defined by the Charities SORP IFRS1021. These fixtures and fittings are artefacts contaSned within the Church Building and their preservatlon and contributlon to culture are anclllary to faith and other purposes. Heritage a55ets are not included in the statement of assets and liabilities as Snformation on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parlsh. In December 2022, the Parish purchased a IO% share In 15 Oaklands, Loughbrlckland to be used as a shared rectory between the Aghaderg and Scarva Parishes. Donaghmore Is responsible for IOYO of the running costs. The market value and purchase price of the property in December 2022 was £240,000 wlth IO% equating to £24,000. 11) Investmentg Fixed asset investments comprlsin8 investment propertles, investments In equitles lordinary shares) and investment In RCB/CIT Unit Trusts are Snitially recorded at cost and are then subsequently stated at fair value at each year end date. Investments in unquoted Snve5tments are recorded at cost and are assessed annually for impairment
Notes to the flnancial statements for the year ended 31st December 2024 {contlnued) Reconcillatlon of Cash Funds Total Cash Fund5 at Beginning of the year Receipts for the Year Payments for the Year Total Cash Funds at end of the year 60,034 63,750 {55,3041 68,480 3. Movement In Funds Transfers I Investment Galn (Loss) Atljan 2024 IncomlnB Resources Out8olng Resources At 31 Dec 2024 Endowment funds Inv ment In R Trust Mrs FE Patterson Bequest Mrs FE Patter50n Bequest Miss JG Burnett Bequest Mrs AM Lucas Bequest Mr5 K Robinson Bequest Mrs K Robinson Bequest Mrs MA Garrett Bequest Mrs MA Kldd Bequest 41 41 42 42 391 34 93 187 54 43 384 33 92 183 53 42 869 17 886 Restrlcted funds Investment in RCB General Unlt Trust Church Officers Composltion Glebe Profit Sale Glebe Profit Sale Buildin8 Fund 476 34,314 1,385 35,699 34,790 1,385 36,183 Unreslritted funds Designated Graveyard Fund General Fund Shared Rettory 9,211 16,509 24,000 49,720 4,490 57,875 13,0291 152,2751 12,025} 2,025 8.647 24.134 24,000 56,781 62,365 155,3041 Total funds 85,379 63,750 155,3041 25 93,850 io Notes to the flnanclal statements for the year ended 31S1 December 2024 Icontlnued)
Pur oses of Endowment Funds Investment in RCB General Unit Trust comprises eleven individual trust funds. There are eight funds which are solely to do with endowments. They are as follows: Miss FE Patterson Bequest- Income from thi5 f und is to assist with the Condition of the Grave Miss FE Patterson Bequest- Income from this f und is to assist with the Stipend. Miss JG Burnett 8equest- 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 15 to assist with the Poor at Chrlstmas Mrs K Robinson 8equest- Income from this fund is to assist with the upkeep of the Church. Mrs M A Garrett Beque5t- Income from this fund is to assist with the upkeep of the Scott Grave, Mrs MA Kidd Bequest- Income from this fund is to asslst with au8mentation. oses of Restricted Funds Investment in RCB General Unit Trust comprises eleven individual trust funds. There are three funds which are restricted. They are a5 follows.. Church Officers Composition Balance- Thls fund is to asslst wlth the Stipend Rectory Proflt Sale- This fund Is spllt equally. One half derives from the sale of the rectory property and is to be used for the benefit of Donaghmore Parish in a way to be a8reed by the RCB, Diocesan Council and Oona8hmore Select Vestry. This fund was cashed in to pay for the Shared Rectory in December 2022. Rectory Proflt Sale- This fund Is spllt equally. One half derlve5 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. Bulldlng Fund.. Thls Is comprised of two separate bank account5 whlch are both used for the purpose to as51St with the maintenance and renewal of the Church property. Pur oses of D I nated Funds Graveyard Fund: The Trustees have set aside funds for the maintenance and upkeep of the Church Graveyard and I or other needs of the Church. General Fund: This fund covers all expendlture and receipt transactlons except for those which demand separate fund accountln8. Thls fund is to assist wlth all areas of the Church Life alongslde the maintenance and upkeep of all the Church Assets. 4. Collectlon$ for Thlrd Partles 2024 2023 Poppy Appeal Southern Area Hospice B Positive Bishops Appeal 102 275 190 200 641 767 1,152 The above amounts have been included In Receipts for the Year under'collectlons for Third Parties" and In Payments for the year under"Collections for Thlrd Parties" Differences between that received and paid out is due to rounding up cheques to third charitie5 upon approval of Vestry. loo 411 li
Notes to the flnanclal statements forthe yearended 31 December 2024 Icontlnuedl S. Transartlons with the Trustees The parlsh paid £254 relatlng 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 McKnlght, is connected wlth the rental income from the Glebe FSeld. The Rental Income for 2024 was £150 12023 £1501. Trustee, Neil McKnight, was enga8ed to maintaln the Graveyard. In 2024, he was paid £2,40012023 £2,400) for carrying out his work. Trustee, Gretta Jackson, was engaged to maintaln the Church In the role of Sexton. In 2024, she was paid £75012023 £7501. 6. Admlnlstratlon Cost$ 2024 2023 Bank Fees Statlonery OfferSng Envelope5 Independent Examlner Glft 125 50 145 153 185 50 533 50 225 Governance costs of £ 50 were Incurred durin8 the year of whlch £50 relates to a gift pald to the Independent Examlner. Governance costs are Included within Administratlon costs in the Receipts and Payments Accounts. 7. Church Runnln8 Costs 2024 2023 Electrlclty 16001 1,049 817 iii 60 821 857 95 670 262 2,400 584 114 70 Church Insurance Water Rates Church Repairs Flre & Defence Grass-cutting Graveyard Expenses Mcminn Boiler Services Gift for Lay Reader Christian Copyri8ht Licenslng Steeplelack Safeguardin8 Trust Disposable Cups Reverend Expense5 Reverend Wedding Gift Donation In Memory ofthe Late Canon Little 2,400 2,109 93 270 282 58 50 18 277 200 6,786 6,281 The above amounts have been included in Payments for the Year under"Church Runnlng Costs." 12
Notes to the financlal statements forthe year ended 31 December 2024 (continued) 8. Collertlonsfrom Fundralslng Costs 2024 2023 Church Fund5 2,335 2,335 150 150 The above amounts have been included in Receipts for the Year under "Collectlons from Fundralslng." g. Rental Proceeds 2024 2023 Glebe Field 150 150 150 150 The above amounts have been included In Receipts for the Year under 'Rental Proceeds." 10. other Recelpts 2024 2023 Glft Ald R Kernaghan Church Talk Graveyard Donatlon and Fees Amazon Smile 2,259 300 2,780 20 5,359 4,490 4,490 The above amounts have been Included In Recelpts for the Year under"Other Receipts." 11. Wages and 5alarles 2024 2023 StSpend PAYE Vislting Clergy Sexton Organlst Visltlng Organist 36,141 6,937 215 750 1,350 95 45,488 29,107 7,610 248 750 1,140 30 38,885 The above amounts have been Included in Payments forthe Year under"Wa8es and Salaries." 13
Notes to the financlal statement5 for the year ended 31 December 2024 {continued) 12. Investment Income and Expenditure 2024 2023 Investment Income RCB Trust Income 294 271 The above amount ha5 been included in receipts for the Year under"Inve5tment Income.. 14