Notes to the Financial Statements for the year ended 31st December 2024 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 Halll Glebe Land Parochial Hall The Church Building and Graveyard, Church Hall, Parochial Hall 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 1.1.24 £9,520.81 £ 36,751.57 £ 36,473.70 £9,798.68 Receipts for the Year Payments for the Year Total Cash Funds at 31.12.24
Property AccouTht Total Cash Funds at 1.1.24 £36,445.38 £ 3,847.49 £ 5,886.35 £34,406.52 Receipts for the Year Payments for the Year Total Cash Funds at 31.12.24 3. Movement in Funds Name Balance Allocation Endowment Bequest Endowment 90.60 88.11 430.37 Stipend/General Fund Stipend/General Fund Lisnadill Vestry Lisnadill Vestry Bequests 434.82 4. Collections for Third Parties Year Ended 31.12.24 Hospice ( Diocese Armagh) £275.00 LEMOOS £644.60 Childrens Cancer Unit £428.40 5. Transadions 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. 6. Governance Costs There were no governance costs incurred during the year. Statement of Trustees, Responsibilities
Lisnadill Parish Church Statement of Accounts for the Year Ending 31 December 2024 RECEIPTS Bank Balan BIF BENEFACTIONS {RCB) G Coyne Miss E Moffett BEQUESTS (RCB) W Allen Miss E J Johnston Miss A M Allen Miss E Reid ENDOWMENTS (RCB) TGReid&ESReid T.G. Reid DONATIONS (RCB) G Scroggie Annual Subscriptions Mr & Mrs R Stinson Mrs L Stinson Mrs G Black Mr & Mrs R Crozier Mr & Mrs R Hamilton (Killeen) Mrs M Blemings Miss B McAllister NIE Wayleave Diocese of Armagh Hospi Collection LEMOOS (Orange Service) Gathering Collection (2023124) Children's Cancer Unit Collection Donations - Back to Church BBQ Proceeds from Beetle Drive Mrs E Crozier- Use of Tennis Courts Lisnadill Harmony CDS Donation to Lisnadill Harmony - From Newtownhamilton Flower Festival Proceeds - Clay Pigeon Shoot) Stewardship Contributions Covenant (Stewardship) Church Collections Covenant Property Fund) Covenant (Loose Collection & Fund Raising) Transferred from Propety Fund - (Church Louvre) EXPENDITURE 9520.81 Diocesan Expenses Fund ESB - Electricity Church Hall Church Finance Supplies (CS Envelopes) TL Dallas {Parish Insuran) 55.66 Grass Cutting Petrol for Lawnmower Hedge Cutting 18.03 NW Fire Ltd (Service of Fire Extinguisher 13.36 Faith Mission Bookshop (SS & Baptism Books) LEMOOS (Orange Service) Diocese of Armagh Hospice Appeal Children's Cancer Unit Visiting Speaker Expenses Organist Fees Back to Church BBQ & Clay 2050.00 Pigeon Shoot Expenses 140.21 Harvest Supper Expenses Frew Business Machines - 275.00 Toner 644.60 Church Copyright Licence Portadown Picture Framing 344.36 Armagh Diocesan Board of Communications 428.40 (Ambassador Magazines) Clarke Decorate (Paint & 317.00 Decorator's Chalk for 350.00 Church Hall & Vestry) Mr G Armstrong (Payment 50.00 for decorating Hall and 138.00 Vestry) Martin's Discount Store eJestry Carpet) Annvale Joinery (Replacing 50.00 Louvre on Church Tower) Home at Frazers < for 70.00 Hall) 20764.26 Crystal Clean- Dry 2508.02 Cleaning of Communion 1139.44 Cloths 140.00 Communion Wine Lamps Direct - Projector 895.21 Lamp Bookwell - Confirmation 4200.00 Books 18988.60 0.89 22.79 2355.55 426.13 23.68 2781.68 2.84 1.30 2.30 49.22 130.21 1674.08 840.00 82.53 55.00 4.16 13.87 88.90 13.36 96.83 644.60 312.50 500.00 187.50 150.00 275.00 430.00 360.00 810.00 500.00 200.00 200.00 221.38 69.19 94.80 142.00 60.00 22.50 276.45 1140.00 140.00 4200.00 1450.00 25.00 47.48 89.97 28.80
Lisnadill Parish Church Statement of Accounts for the Year Ending 31 December 2024 Transferred from Property Fund (Decorating Church Hall & Vestry) Bank Interest Cheque not presented Sunday School Expenses - Including Trip to Ski Slopes 1556.45 (2 Years) 99.89 Voucher - Servicing Church 480.00 Lawnmower) Bank Charges RCB Covenant Expenses Bank Balance 699.06 50.00 155.01 304.63 9798.68 £46272.38 TOTAL £46272.38 On Behalf of the Trustees Trustee I Mrs Elizabeth Atkinson ste Mr David Black
Lisnadill Parish Church Property Account For the Year Ending 31 December 2024 INCOME Balan BIF In Memorial Mrs C Boyd Restoration Fund Envelopes Proceeds from Afternoon Tea Rectory Land Letting Bank Interest TOTAL EXPENDITURE 36445.38 Best Property Fees Transferred to Current Alc 100.00 (Louvre on Church Tower) 180.00 Transferred to Current Alc 910.00 (Decorating Church Hall & 2165.00 Vestry) 492.49 Balance CIF £40292.87 TOTAL 129.90 4200.00 1556.45 34406.52 £40292.87 Proceeds from the sale of the Rectory RCB Investment Current Market Value as at 3111212024 £147295.09 Restoration Fund Envelopes Year Ended 31 December 2024 Envelope No. 07 10 27 34 40.00 40.00 60.00 40.00 £180.00 Total On Behalf of the Trustees Trustee 2 Mrs Elizabeth Atkinson Mr David Black
Statement of Assets and Liabilities as at 31st December 2024 Cash Funds Current Bank Account 9,798.68 34,406.52 Property Fund Account TOTAL CASH FUNDS 44,205.20 Investment Assets Investment in RCB Trusts 1,043.90 147,295.09 Rectory Proceeds 148,338.99 Assets Retained for The Parish's Own Use :. Church Building/Contents' New Church Hall/Contents' Parochial Hall/Contents' 1,530,000 (Buildings * plus Contents) Glebe Land 170, 000 TOTAL ASSEfs REfAINED FOR THE PARISH'S OWN USE £1,700, 000 On Behalf of the Trustees Trustee i E LL Mrs Elizabeth Atkinson Trustee 2 Mr David Black