St Luke's Parish Church, Loughgall
Receipts and Payments Account for the year ended 31 December 2023
Unrestrlcted
Funds
Restricted
Endowment
Funds
Funds
Total
Note
2023
2023
2023
2023
Recei
Donation5 & Plate collection
39,402.94
8,215.00
47,617.94
Proceeds from Fund Raising Event5
5,171.93
2,649.20
7,821.13
Legacles
Charity Collection5
944.08
944.08
Bank & Deposit interest
280.97
426.50
707.47
eque5ts I Investment incorne
788.55
788.55
Rental of premises
5.310,45
5,310.45
Churchyard Receipts
580.00
580.00
Other Church Organi5ation's Income
2,100.00
2,100,00
Grant5
Other Sundry Donations
525.00
525.00
Magazine Subscriptions
220.QO
220.00
GiftAid
3,849.85
3,849.85
Other Receipts
540.00
540.00
Total Recei
ts
59,713.77
11,290.70
71.004.47

St Luke'5 Parish Church, Loughgall
Receipt5 and Payments Account for the year ended 31 December 2023 (cont.)
Unrestrlcted
Restricted
Funds
Endowment
Funds
Funds
Total
Note
2023
2023
2023
2023
Pa
ment5
Wages and Salaries
2,880.00
2,880.00
Diocesan Costs/Assessment
33,844.49
33,844.49
Church Running C05t5
11,764.77
388.00
12,192.77
Glebe Costs
9,909.92
9,909.92
Parish Centre Costs
3,631.93
3,631.93
Administration Costs
221.29
221.29
Governance Costs
Charitable Donations
680.80
680.80
Total Pa
ents
62,933.20
388.00
63,321.20
Excess of Recelpts over Payments for the
year before transfers
{3,259.43}
10,902.70
7,643.27
Transfers
Ex¢ess of Recelpts over Payments for the
year
13,259.43)
10,902.70
7,643.27
Signed on Behalf of the Trustees
Trustee I:
Trustee 2:
Date:

St Luke's Parish Church, Loughgall
Statement of Assets and Liabilities as at 31 December 2023
Unrestrlcted
Funds
Restricted
Fund5
Endowment
Funds
Total
2023
2023
2023
2023
Cash Funds
Current Accounts
24,119.32
24,119.32
Deposit Accounts
65,870.86
65,870.86
Total Cash Funds
24,119.32
65,87O,86
89,990.18
Investment A55et5
Inve5tment5 in RCB
I CIT Unit Trusts
Total Investment
Assets
140,571.00
140,571.00
140,571.00
140,571.00
Assets retalned for
the Parlsh's own
Use
Glebe House
472,957.00
472,957.00
Parish Centre &
Content5
Total Assets
retained for the
Parlsh's own use
439,840.00
439,840.00
912,797.00
912,797.00
Signed on Behalf of the Trustees
Trustee l-
Trustee 2:
Date..
io

5t Luke's Parlsh Church, Loughgall
Notes to the flnancial statements for the year ended 31 December 2023
Accounting policie5
Set out below are the principal accounting policies which have been adopted in the cornpilatlon of the Receipts and Payments
Account and the Statement of Assets and Liabilities
{a) Receipts and Payments Ar¢ount
All items of income and expendlture included within the Receipts and Payments Account have been accounted for on a
cash receipts bas15.
{b) Statement of Assets and Liabilities
lil Assets retolnedfvr the Parlsh's own use
The assets of the Parish, retained for its own use compri5e:_
Church Bulldlng and Graveyard
Parish Centre
Glebe House
The Church Bullding and Graveyard are deemed to be Heritage assets as defined by the Charlties SORP IFRS1021
These Heritage assets are not included in the statement of assets and liabilities 35 information on ihe cost or valuation is
not available and such information cannot be obtained at a c05t commen5u rate with the benefit to the users of the
accounts and to the parish.
The valuatlon used for Glebe House and Parish Centre have been taken at insured valuation.
ii) Investments
Fixed asset investments Corn prising investment properties, investments in equities (Drdinary shares) and investment in
RCBICIT Unit Trusts are Initially recorded at C05t 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 impairment.
11

St Luke's Parish Church, Loughgall
Note5 to the financial statements for the year ended 31 December 2023 {cont.)
Reconclllatlon of Cash Funds
Total Cash Funds at Besinning of
the year
82,306.91
Receipts for the Year
Payments for the Year
Total Cash Funds at end of the
71,004.47
{63,321.201
year
89,990.18
Movement in Fund5
Atljan
Incomlng
Rescurces
Outgoing
Resources
Transfers
At31De
2023
2023
Endowment funds
Restrirted funds
Building Fund Account
31,740.59
11,290.70
{388.001
42,643.29
NS & l Account
23,227.57
23,227.57
54,968.16
11,290.70
1388.00)
65,870.86
Unrestrlcted funds
General Fund
27,338.75
59,713,77
162,933.201
24,119.32
27,338,75
59,713.77
(62,933.20)
24,119.32
Total funds
82,306.91
71,004.47
(63,321.20)
89,990.18
Pur
oses of Endowment Funds
To provide income in the form of interest which Is reinvested for use at the discretion of the trustees.
Pur 05es of Restricted Funds
Building Fund,. The purpose of this account Is for the maintenance and renewal of the church property.
Pur
oses of Desi
nated Funds
General Fund.. This fund covers all expenditure and receipt transactions except for those which require
separate fund accounting. This fund is to assist with all areas of the Church Life alongside the maintenance
and upkeep of all the Church Assets.
12

St Luke's Parlsh Church, Loughgall
Notes to the financial statements for the year ended 31 December 2023 (cont.)
4. Collections for Thlrd Partie5
2023
Parish Mission Boxes
55.00
Remembrance Sunday
248.80
DFC Charities
203.28
LEMOS
437.00
944.08
4A. Charlty Allocation5 Irom Church Funds
o.oo
Thls is a sum allocated by the Trustees to the above various collectlOn5 for thlrd partles.
All payments out had not been completed by the year end.
4B. Charity Allocatlons from Church Funds
0.00
This Is a sum allocated annually by the Trustees to support a number of Charlties not included in Collections for third parties.
The above amount5 have been included in Receipts for the Year under "Charity Collections" and in Payments for the year under
"Charitable donations"
5. Grants
2023
No Grant's received during the year.
13

St Luke's Parish Church, Loughgall
Notes to the financial statements for the year ended 31 December 2023 (cont.)
6. Transactions wlth the Trustees
The parish pald expenses of £9,909.92 relating to the running costs of the glebe house whlch is occupied by the rector.
Mr T Sharpe, trustee, received expense5 of £2,400 for the provision of musical services as Organlst. This has been included in
payments for the year under "Wages & Salaries"
7, Governance Costs
No Governance were paid during the year to WHR Accountants Ltd.
14