Receipts and Payments Account for the year ended 31 December 2023
| Total | Total | ||
|---|---|---|---|
| Note | 2023 | 2022 | |
| £ | £ | ||
| Receipts | |||
| Donations and plate collection | 22,557.36 | 20,786.05 | |
| Proceeds of Fund Raising Events | 3 | 432.00 | 25.00 |
| Bank and Deposit interest | 210.13 | 163.44 | |
| Rental of premises | 747.00 | 0.00 | |
| Allocation of Graves | 24,175.00 | 11,860.00 | |
| Other Receipts | 12,055.10 | 21,563.82 | |
| Gift Aid Receipt | 15,216.20 | 0.00 | |
| Total Receipts | 75,392.79 | 54,398.31 | |
| Payments | |||
| Salaries | 15,015.27 | 14,413.20 | |
| Diocesan Costs/Assessment | 2,830.10 | 2,918.02 | |
| Church Running Costs | 28,295.13 | 33,283.35 | |
| Administration Costs | 4 | 0.00 | 0.00 |
| Charitable Donations | 3 | 2,132.00 | 1,000.00 |
| Payments by Parish Organisations | 0.00 | 0.00 | |
| Grass Cutting | 1,820.00 | 1,820.00 | |
| Bank Fees | 164.53 | 146.99 | |
| Total Payments | 50,257.03 | 53,581.56 | |
| Excess of Receipts over Payments | 25,035.76 | 816.75 | |
| for the year | |||
| On Behalf of the Trustees | |||
| Trustee 1 | |||
| Trustee 2 |
Statement of Assets and Liabilities as at 31 December 2023
| Total 2023 £ |
Total 2022 £ |
||
|---|---|---|---|
| Cash Funds | |||
| Current Accounts | 88,504.91 | 63,549.18 | |
| Deposit Accounts | 2,076.97 | 2,084.62 | |
| Total Cash Funds | 2 | 90,581.88 | 65,633.80 |
| Investment Assets | |||
|---|---|---|---|
| Investments in RCB/CIT Unit Trusts |
11,787.92 | 11,265.87 | |
| Total Investment Assets |
11,787.92 | 11,265.87 |
| Assets retained for the Parish’s own use |
|||
|---|---|---|---|
| Fixtures and Fittings | 1 | ||
| Total Assets retained for the Parish’s own use |
On Behalf of the Trustees
Mr Colin McClintock
Rev Stephen Lowry
Notes to the financial statements for the year ended 31 December 2023
1.Accounting Policies
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)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 basis.
(b)Statement of Assets and Liabilities
(I) Assets retained for the Parish’s own use
The assets of the Parish, retained for its own use comprise:-
-Church Building and Graveyard
-Parish Centre
- -Fixtures and Fittings
The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS102). 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 benefit to the users of the accounts and to the parish.
There are no reliable records of the Parish Centre’s cost of construction and a valuation approach for such a building lacks sufficient reliability. As a result this building is not recognised in the parish statement of assets and liabilities.
Fixtures and Fittings are deemed to be recognised if greater than £5,000 in value.
(II) Investments
Fixed asset investments comprising investment in RCB/CIT Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each year end date.
2.Reconciliation of Cash Funds
| Total Cash Funds at Beginning of the year Receipts for the Year Payments for the Year Timing differencebetween lodging and presentation of cheques Total Cash Funds at end of the year 3.Collections for Third Parties 2023 £ Bishops’ Appeal 332.00 CMS Ireland 1,800.00 |
£ 65,633.80 75,392.79 (50,257.03) (187.68) 90,581.88 |
|---|---|
| 2022 £ 0.00 0.00 |
The above amounts have been included in Receipts for the year under “Proceeds from Fund Raising Events” and in Payments for the year under “Charitable Donations”.
4.Governance Costs
Governance costs of £0.00 were incurred during the year. These fees would usually relate to fees paid to the independent examiner, however in 2023 our 2022 accounts were examined free of charge. Governance costs are included within Administration costs in the Receipts and Payments Accounts.
The Trustees of the parish are grateful to the independent auditor for the thorough examination of the accounts.