Notes to the Financial Statements for the year ended 31st January 2023 l.Accounting Policies Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payments Account and Statement of Assets and Liabilities. Receipts and Payment Account All items of the Income and Expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. Statement of Assets and Liabilities Assets Retained for Parish's own use The assets of the Parish, retained for its own use comprises: .Church Building and Graveyard .Church Halls .Rectory .Glebe Land The Church Building and Graveyard, Church Hall, Rectory and Glebe Land are valued at current market value. Investments Investments of RCB/CIT Unit Trusts are stated at fair value at the year end date. 2. Reconciliation of Cash Funds Current Account Total Cash Funds at 1.2.22 £41,226.20 £45,510.89 £34,131.80 £52,605.29 Receipts for the Year Payments for the Year Total Cash Funds at 31.1.23
Church Repair Fund Account Total Cash Funds at 1.2.22 £88,068.34 £13,511.36 £2,968.96 £98,610.74 Receipts for the Year Payments for the Year Total Cash Funds at 31.1.23 Rectory Account Total Cash Funds at 1.2.22 £6,300.31 £11,255.68 £11,798.29 £5,757.70 Receipts for the Year Payments for the Year Total Cash Funds at 31.1.23 Hall Building Fund Account Total Cash Funds at 1.2.22 £5,070.07 £17,249.18 £10,877.85 £11,441.40 Receipts for the Year Payments for the Year Total Cash Funds at 31.1.23 Wilson & Robinson Account Total Cash Funds at 1.2.22 £1,036.27 £1,036.27 Total Cash Funds at 31.1.23 3. Movement in Funds Name Balance Allocation Endowment Bequest Endowment 2720.88 148.21 60.48 Stipend/General Fund Stipend/General Fund Kildarton Vestry Kildarton Vestry Bequests 836.92
- Collections for Third Parties Year Ended 31.01.2023 Southern Area Hospice Church Missionary Society LEMOS £215.00 £620.00 £457.00 Bishops Appeal Danny Mills Sands NI £490.00 £720.00 £200.00 Waterdrops Air Ambulance £305.00 £iooo.00
- Transactions with the Trustees No trustee or a person related to a trustee had any personal interest in any contact or transaction entered into by the charity during the year.
- Governance Costs There were no governance costs incurred during the year.
INCOME FOR 2022 EXPENSES FOR 2022 F.W.O Gift Aid claimed on all giving Gift Aid claimed on loose collections and donations After accounts dosed 24928.97 6413.00 Assessment and Diocesan Fund Organist Electricity Heating Oil Insurance on Church Buildings 31381.97 F.W.O Envelopes Postage Stationery & Printer Ink Church Reports Lisnadill PC (for copying Newsletter) Ulster Gazette Advertising Ambassador Magazines SUNDAY SCHOOL EXPENSES Selections Boxes & 3692.30 Gifts for Senior Citizens Sunday School Prizes Children's Bibles DONATIONS TO: Southern Area Hospice Church Missionary Society L.E.M.O.S. Bishops Appeal (Ukraine) 1060.00 Dany Mills Sands Nl Water Drops Air Ambulance Other Expenses Visiting Clergy Gift for Mrs E Black Linen Purifiers Churchyard Expenses 2 Years Repair to Lawn Mower 8101.94 Servicing Fire Equipment Repairs to Church Boiler M Lutton (pruning trees) Bank Fees 21936.29 800.00 708.78 495.00 2150.00 172.79 68.48 109.00 50.00 56.00 45.00 40.00 CHURCH COLLECTIONS Loose Collection Orange Service Southem Area Hospice Harvest for Church Missionary Society Gift Sunday Sands (Nl) Bishop's Appeal 590.30 457.00 215.00 620.00 1175.00 145.00 490.00 26591.34 45.60 DONATIONS In memory of the late Mr & Mrs Wm Douc Mr J Lennox (For fire wood) Mr G Calvin (For fire wood) Mr G Hennuing Mrs R Hunniford Water Drops OTHER INCOME Big Breakfast Craft Fair Sun Flowers Profit from Jubille Tea Quiz Night Power N.1. Equipment on Glebe land Recycled Clothes Payment for the Ambassador Energy Tech (Retumed from Repair alc) BE UEST From the Late G Thompson CIT special Divd RCB DFC Investments RCB Investments Interest 23.38 68.98 225.00 150.00 150.00 100.00 130.00 305.00 215.00 620.00 457.00 490.00 720.00 200.00 305.00 1000.00 2740.00 1679.90 2660.95 355.00 250.00 26.69 104.40 45.00 240.00 4007.00 50.00 46.00 150.00 140.00 107.28 240.00 2450.00 1000.00 2.35 62.10 101.40 108.83 3333.28 131.20 Total Expenses 34131.80 1274.68 Bank Balance at 31st January 2022 £45.510.89 Income 41226.20 45510.89 86737.09 34131.80 52605.29 Income Less Expenses Balance 31st January 2023
CHURCH REPAIR FUND 2022 Balance at 31 January 2022 88068.34 INCOME Repair Envelopes Gift Aid Daera Grant Donation 8958.92 3191.60 1344.84 16.00 13511.36 101579.70 EXPENSES Repair Fund Envelopes Mr D Knox New Audio System Repairs to hall heating system Energy Tech (Nl) Interest 172.79 100.00 1922.17 485.00 240.00 49.00 2968.96 98610.74 The Repair Fund balance includes the £10000 Bequest from the late Miss Doreen Pillow Wilson & Robinson Account Balance at 31st January 2023 1036.27
HALL BUILDING FUND Balance at 31st January 2022 5070.07 INCOME Gift Aid claimed V.A.T Claimed on Hall Building Rent from Aspire gymnastics Donation Mccrory Family Donation T Lennox Donation Bowling Club Interest 9604.60 6806.72 600.00 100.00 30.00 100.00 7.86 17249.18 22319.25 EXPENSES Heating Oil Water Rates Replacing heating valve 820.00 226.29 180.00 1226.29 21092.96 Gift Aid trans. to church account Gift Aid trans. to church Repair Alc 6413.00 3191.60 9604.60 9604.60 11488.36 46.96 11441.40 Bank Fees Balance at 31 st January 2023 11441.40 Note: Gift Aid on sunflowers to be transferred to repair fund (£1125) and church alc £654,25 1779.25
RECTORY ACCOUNT Balance at 31January 2022 INCOME Rectory Rent Glebe Land Rent Interest 6300.31 8929.46 2320.00 6.22 11255.68 17555.99 EXPENSES Loan Repayment 8422.92 2490.00 840.00 45.37 Bank Fees Balance at 31January 2023 11798.29 £5,757.70 RECTORY LOAN ACCOUNT Balance at 31 st January 2022 Loan Repayments Debit Interest Balance at 31s January 2023 59461.30- 51058.38- 8422.92 2539.85 53578.23- BEQUESTS PAID TO PARISH FUND Miss M Callan Mrs E Kelly Mr G Crozier Mr T Rountree Mr G Stinson Miss H Hamilton RCB 0.60 0.65 9.12 6.53 43.00 37.03 2.25 £99.18 BEQUESTS PAID DIRECT TO STIPEND J B Houston Mr T Albin Rev. P Magee The Irwin Perpetual Annuity Mrs L Carson G Lambert 27.00 10.80 8.86 30.89 0.98 2.54 0.63 1.06 DWKane D Heaslet RB Unit Trust anonymous Endowment RB Unit Trust Church Officers Composition Anon End 9.80 205.97 11.33 £309.86
Statement of Assets and Liabilities as at 31st January 2023 Cash Funds Current Bank Account 52,605.29 98,610.74 11,441.40 5,757.70 1,036.27 Church Repair Fund Account Hall Building Fund Rectory Account Wilson & Robinson Account TOTAL CASH FUNDS 169,451.40 Investment Assets Investment in RCB Trusts 3,766.49 3,766.49 Assets Retained for The Parish's Own Use :_ Church Building/Contents New Church Hall/Contents Church Hall/Contents Rectory Glebe Land 663, 439 559, 960 132, 470 527,690 170, 000 TOTAL ASSEfs REfAINED FOR THE PARISH'S OWN USE £2,053,559 On Behalf of the Trustees the Accounts ( Pages I to 4) and Statement of Assets and Liabilities as at 31st January 2023. Trustee I Trustee 2 61. Mrs Ray Calvin Miss Mary Hamilton