Receipts and Payments Account for the year ended 31, December 2024
Note
Un￿trICted
Restrict
Funds
2024
Endowment
Funds
2024
Total
2024
Total
2023
Funds
2024
Recei
Doiiations & plate
collection
Proceeds from Fund
Raising Events
Legacies
Bank & Deposit interest
Investment income
Rental of premises
Sale of assets
Sale of investments
Grants
Receipts from General
Trustees
Other Receipts
Receipts from Parish
Organisation's
34,179
34,179
33,138
700
402
3.495
3,897
1,803
8,423
8,423
8,423
540
850
540
850
890
300
Total Recei
ts
3S,971
11,918
47,889
44,554
ments
Wagcs and Salaries
Diocesan
Costs/Assessment
Churcli Running Costs
Glebe Costs
Parisli C¢ntrc Costs
Adininistration Costs
Fundraising Costs
Charitable Donations
Payments from Parish
Organisation's
28.509
28,508
19,103
12,745
4.015
10,675
23.420
4,015
14.048
6,634
440
471
468
,140
1,140
1,285
Total Pa
m¢nt5
46,849
10,706
57,555
41,538
Excess of Receipts over
Payments for the year
before transfers
-10,878
1,212
-9,666
3.016
Transfers
Excess of Receipts over
Payments for the year
-10,878
1,212
-9.666
3,016
On Behalf of the Trustees
Trustee I
Trustee 2
io

Statement of Assets 2nd Liabilities as at 3], December 2024
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
Total
2024
2023
2024
2024
2024
Cash Funds
Current Accounts
5,734
5.734
16,612
Deposit Accounts
127,008
127,008
125.797
Total Cash Funds
5,734
127,008
132,742
142,409
Investment Assets
Equity Investments
Other Listed
Investments
Investments in RCB /
CIT Unit Trusts
Other unlisted
investments
Investment Properties
Tot21 Investment
Assets
Assets r¢tained 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
Trustee 2
li

Notes to the finalleial statements for the year ended 31" December 2024
Accounting policie5
Set out below are the principal accounting policies which have been adopted in the cotnpilation 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) Assels relaiiiedlor tlie Parisli'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 fittings
The Church Buildino and Graveyard are deemed to be Heritage assets as defined by the Charities SORP
(FRS102) These Herita(Je assets are not included in the statement of assets and liabilities as infomiation
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 lo the parish. (This will be the Tnost common accounting
policy, where the church is not deemed to be a heritaoe 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
buildinqs as the current estimated residual value is not les5 than its carying value and the remaining
useful life currently exceeds 50 years.
The Glebe House is r¢cognised 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 less than its carrying value and the remaining useful life currently exceeds 50 years. The
Glebe House is currently 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 £ I 1.000 per acre.
Fixtures and Fittings are recognised at an estimated value
li) Investments
Fixed asset investments comprising investment properties, investments in equities (ordinary shares) and
investment in RCB/CIT Unit Trusts are initially recorded at cost and are then Subsequently stated at fair
value at each year end date. Investments in unquoted investments are recorded at cost and are assessed
annually for irnpaim]ent.
12

Notes to the financial statement5 for the year ended 31st December 2024 {continuedl
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
142,409
47.889
57,555
132,743
Movement in Funds
At31 Dec
2023
Incoming
Resources
Outgoing
Resources
At31 Dec
2024
Transfers
Endowrnent Funds
Restricted Funds
Church Lands
125.796
11,918
10,706
127,008
Unrestricted Funds
General Fund
16.611
35,971
46.849
5.733
Total
142,407
47.889
57,555
132,741
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
2024
2023
Drew Nelson Legacy Appeal
Hospice Sunday
Bukavu
CMS Ireland
LEMOS
485
700
300
254
586
1,140
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 2024 (continued)
5. Transactions with the Trustees
The parish paid expenses of £4,015 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