Receipts and Payments Account for the year ended 31. December 2023 Note Unrestricted Restrict Funds 2023 Endoivment Funds 2023 Total 2023 Total 2022 Funds 2023 Recei Donations & plate collection Proceeds from Fund Raising Events Legacies Bank & Deposit interest Investinent incoine Rental of preinises Sale of assets Sale of investments Graiits Receipts froin General Trustees Otlier Receipts Receipts from Parish Organisation's 33,138 33,138 52,800 700 372 1,431 1,803 162 8,423 8,423 6,976 890 300 890 300 1,045 190 Total Recei ts 34,700 9,854 44,554 61,873 Pavments Wages and Salaries Diocesan Costs/Assessmeiit Churcli Running Costs Gleb¢ Costs Parish Centre Costs Adiniiiistration Costs Fundraising Costs Charitable Donations Payments froin Parish Orgaiiisation's 19,103 26,936 394 14,048 6.634 18,403 4.689 6,634 446 22 468 465 1,285 1,285 1,183 Total Pa ments 41,122 416 41.538 51,676 Excess of Receipts over Payments for the year before transfers -6,422 9,438 3,016 10,197 Transfers Excess of Receipts over Payments for the year -6,422 9,438 3,016 10,197 On Behalf of the Trustees Trustee I Trustee 2 io
Statement of Assets and Liabilities a5 at 31" December 2023 Unrestricted Funds Restricted Funds Endowment Funds Total Total 2023 2022 2023 2023 2023 Cash Funds Current Accounts 16,612 16,612 23,034 Deposit Accounts 125,797 125,797 116,359 Total Cash Funds 16,612 125,797 142,409 139,393 Investment Assets Equity Investtnents Other Listed Investments Investments in RCB I CIT Unit Trusts Other unlisted investments Investment Properties Total Investment Assets Assets retained for the Parish's own use Parish Centre 242,105 242,105 242,105 Glebe House & Land 170,000 599,100 769,100 769,100 Fixtures and Fittings 10,000 10,000 10,000 Total Assets retained for the Parish's own use 422,105 599,100 1,021,205 1,021,205 On Behalf of the Trustees Trustee I LiAI/ Trustee 2 li
Note5 to the financial statemellts for the year ended 315t December 2023 Accounting policies Set out below are the principal accountino policie5 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 Payment5 Account have been accounted for on a cash receipts basis. (b) Statement of Assets and Liabilities (i) Assels relaiiiedfor ilie Purisli's owii use The assets of the Parish, retained for its own use comprise.. Church Building and Graveyard Parish Centre Glebe House Glebe Lands Fixtures and fittin(rs The Church Buildin(r and Graveyard are deemed to be Heritacre assets as defined by the Charities SORP (FRS102) These Heritage assets are not included in the statement of assets and liabilities as inforniation on the cost or valuation is not available and such infomation cannot be obtained at a cost commensurate with the benefit to the users of the accounts aiid to the parish. (This will be the most common accounting policy. where the church is not deemed to be a heritage asset specific advice will need to be taken) The Parish Centre Is recognised at cost of construction l acquisition. No depreciation has been provided on the parish centre buildings as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. The Glebe House is recognised at deemed cost, being the estimated fair value of the property at 31, December 2018. No depreciation has been provided on the glebe house as the current estimated residual value is not les5 than its carrying value and the remaininu useful life currently exceeds 50 years. The Glebe House is Cltrrently leased at zero value to Aghavilly Youth Club. The Commercial Rate NAV is £4,850. The Glebe lands are lands held by trustees, they represent 58.1 acres valued at £1 1.000 per acre. Fixtures and Fittings are reco.trnised at an estirnated value ii) Investments Fixed asset investments comprising investment properties, investments in equities (ordinary shares) and investment in RCBICIT Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each year end date. Investment5 in unquoted investments are recorded at cost and are assessed annually for impairnient. 12
Notes to the financial statements for the year ended 31st December 2023 (continued) Reconciliation of Cash Funds Total Cash Funds at Beginning of the year Receipts for the Year Payments for the Year Total Cash Funds at end of the year 139,393 44,554 41,538 142,409 Movement in Funds At 31 Dec 2022 Incoming Resources Outgoing Resources At 31 Dec 2023 Transfers Endowment Funds Restricted Funds Church Lands 116,360 9,854 416 125,798 Unrestricted Funds General Fund 23,033 34,700 41,122 16,611 Total 139,393 44,554 41,538 142,409 Pur oses of Restricted Funds Church Lands- This is a fund to manage income from the church lands to be used the upkeep, maintenance and repair of church property. The fund in managed separately from the Select Vestry by Trustees nominated by the select vestry keeping their own accounting records 4. Collections for Third Parties 2022 2022 Drew Nelson Legacy Appeal Hospice Sunday Bukavu CMS Ireland Diocese 485 700 650 200 200 133 1,183 loo 1,285 The above amounts have been included in the receipts for the year under fund raising and in payments for the year under charitable donations. 13
Notes to the financial statements for the year ended 31" December 2022 (continued) 5. Transactions with the Trustees The parish paid expenses of £6,634 relating to the running costs of the glebe house which is occupied by the rector. The glebe house is managed by another parish in the group of three parishes. No trustee received any remuneration or reimbursement of expenses during the year. 6. Governance Costs No governance costs were paid during the year. 14