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