Tynanlst VindicsJArTnaghlChurch Of Ireland Accounts foi. the ear ended 31 December 2024 Page 2 Receipts and payments account Restricted Endowment Unrestricted Funds Funds Funds 2024 2024 2024 Total 2024 Total 2023 Receipts Donations, bequests & plate collections Investrnent income Land income Proceeds from fundraising events Other income Expense recharges to other Parish's Total Receipts 26,823 496 8.122 597 1,658 5,714 43,410 26,823 834 8,122 597 1,658 5,714 43,748 26,775 1,523 8,124 339 3,687 8,934 49,043 339 Payments Rectory expenses Church expenses Hall expenses Land expenses Assessment Honoraria Bank interest and fees Charitable donations Fundraising expenses Printing and stationery Payments for Church organisations Equipment purchases Other expenses Total Payments 8,281 5,622 2,602 8,281 5,622 2,602 13.010 5,998 2,746 3,246 12,671 4,170 197 3,183 19,028 3,405 199 1,238 19,028 3,405 199 1,238 385 343 385 343 217 479 1,136 42,238 1,136 42,238 880 46,797 Net of receiptsl(payments) 339 1,172 1,511 2,246 Transfers Net of receipts/(payments) after transfers 339 1,172 1,511 2,246 Signed as approved on behalf ofthe trustees by: Trustee Truste¢ Date:
Tynan/St Vindics/Armagh/Church Of Ireland Accounts for the ear ended 31 December 2024 Page 3 Statement of assets and liabilities Restricted Endowment Unrestricted Funds Funds Funds 2024 2024 2024 2024 2023 Cash funds Current, deposit accounts and cash 15,933 19,495 35,428 33,917 Investment assets Investments in RCB/CIT Unit Trusts 5,595 5,595 5,595 Assets held for charities own use Fixtures, fittings and equipment Agricultural land Total assets held for eharities own use 23,100 23,100 23,100 192,000 192,000 192,000 215,100 215,100 215,100 Total assets 21,529 234,595 256,123 254,612 Signed As ap d on behalf of the trustees by: Trustee Trustee Date..
Tynanlst VindicslArmaghlChurch Of Ireland Accounts for the ear ended 31 December 2024 Page 4 Accounting policies Set out below are the principal accounting policies which have been adopted IT) 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 Payments Account have been a¢¢ounted for on a cash receipts basis. (b) Statement of Assets and Liabilities {1) Assets retainedfor Éhe Parish's own use The assets of the Parish, retained for its own use comprise:. Church Building and Graveyard Church Hall Rectory Agricultural land Fixtures and fittings The Church Building, Graveyard and Church Hall are deemed to be Heritage assets as defined by the Charities SORP (FRS102). These Heritage assets are not included in the statement of assets and liabilities as information on the cost or valuation is not available and such information cannot be obtained at a Cost ¢ommensurate with the benefit to the users of the accounts and to the parish. The Rectory was built in the 1860's. There are no reliable records of the cost of this constructionl acquisition and the valuation approach for such a building lacks suificient reliability. As a result this building is not recognised in the parish statement of assets and liabilities. 24 acres of agricultural land has been valued at £8,000 per acre by the Trustees. Fixtures and Fittings are recognised at a valuation provided by the Trustees plus additions made at cost. li) Investments Fixed asset investments comprising investment in RCBICIT Unit Trusts are recorded at cost. ReconeilÉation of eash funds 2024 2023 Total cash fundg at the beginning of the year Receipts for the year Payments for the year Totsl cash funds at the end of the year 33,917 43,748 42,238 35,428 31,671 49,043 46,797 33,917