St Luke's Parlsh Church, Loughgall
Receipts and Payments Account for the year ended 31 December 2024
Unrestricted
Funds
Restrlrted
Funds
Endowment
Funds
Total
Note
2024
2024
2024
2024
Recei
Donation5 & Plate collection
38,445.75
5,660.00
44,105.75
Proceeds from Fund Raising Events
1,884.72
1,884.72
Legacie5
Charity Collections
1,206.08
1,206.08
Bank & Deposit interest
321.75
555.93
877.68
Bequests / Investment income
854.85
857.15
1,712.00
Rental of premises
3,987.81
3,987.81
Churchyard Receipts
2,540.00
2,540.00
Other Chu rch Organisation's Income
2,IOD.00
2,100.00
Grants
Other Sundry Donation5
Magazine Subscriptions
Gift Aid
4,332.55
4,332.55
Grange Contributions
7,894.00
7,894.00
Other Receipt5
86.37
86.37
Total Recei
ts
63,653.88
7,073.08
70,726.96

St Luke's Parish Church, Loughgall
Receipt5 and Payments Account for the year ended 31 December 2024 Icont.)
Unrestrlcted
Fund5
Restricted
Funds
Endowment
Funds
Total
Note
Z024
2024
2024
2024
Pa
ments
Wages and Salaries
2,880.00
2,880.00
Diocesan Costs/Assessment
34.728.60
34,728.60
Church Running Costs
16,941.29
16,941.29
Glebe Costs
22,995.62
22,995,62
Parish Centre Costs
5.588.66
5,588.66
Administration Costs
230.21
230.21
Graveyard
410.00
410.00
Governance Costs
Charltable Donations
1,157,D5
1,157,05
Fundraising Expenses
900.00
900.00
Other Church Org3nisation5
322.00
322.00
Total Pa ments
86,153.43
86,153.43
Excess of Receipts over Payments for the
vear before transfers
122,499.551
7,073.08
115,426.471
Transfers
10,000.00
iio,000.00}
Excess of Recelpts over Payments for the
year
112,499.55)
{2,926.921
{15,426.471
Signed on Behalf of the Trustees
Trustee I:
Trustee 2:
Date..

St Luke's Parish Church, Loughgall
Statement of Assets and Liabilltie5 as at 31 December 2024
Unrestrlcted
Funds
Restricted
Fund5
2024
Endowment
Funds
Total
2024
2024
2024
Cash Funds
Current Accounts
11,619.77
11,619.77
Deposlt Accounts
62,943.94
62,943.94
Total Cash Funds
11,619.77
62,943.94
74,563.71
Investment Assets
Investments in RCB
/ CIT Unit Trusts
Total Investment
Assets
140,571.00
140.571.00
140,571,00
140,571,00
Assets retained for
the Parish's own
Use
Glebe House
472,957.00
472,957.00
Parish Centre &
Contents
439,840.00
439,840.00
Total Assets
retained for the
Parlsh's own use
912,797.00
912,797.00
Signed on Behalf of the Trustees
Trustee I:
Trustee 2:
Date..
io

St Luke's Parlsh Church, Loughgall
Notes to the flnancial statements for the year ended 310ecember 2024
Accounting pollcSes
Set out below are the principal accounting policies whlch have been adopted in the compilation of the Receipts and Payments
Actount and the Statement of Assets and Liabilities
{a) Receipt5 and Payments Account
All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a
cash receipt5 basls.
(bl Statement of Assets and Liabilitie5
11) Assets retainedfor the Pori5h'5 own use
The 355ets of the Parish, retained for Its own use comprise:_
Church Building and Graveyard
Parish Centre
Glebe House
The Church Building and Graveyard are deemed to be Herltage assets as defined by the Charities SORP IFRS1021
These Heritage assets are not included In the statement of assets and liablllties as information on the cost or valuation is
not available and such informatlon cannot be obtained at a cost commensurate 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.
111 Investments
Fixed asset investment5 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.
Investments in unquoted investment5 are recorded at cost and are assessed annually for impairment.
11

St Luke'5 Parish Church. Loughgall
Notes to the financial statements for the year ended 31 December 2024 (cont.)
Reconclllatlon of Cash Funds
Total Cash Funds at Beginning of
the year
89,990.18
Receipts for the Year
Payments for the Year
Total Cash Funds at end of the
year
70,726.96
186,153.43)
74,563.71
Movement In Funds
Atljan
Incoming
Resources
Outgoing
Resources
Transfers
At31 Dec
2024
2024
Endowment funds
Restrirted funds
Building Fund Account
42,643.29
7,073.08
iio,000.001
39,716.37
N5 & l Account
23.227.57
23,227,57
65,870.86
7,073.08
{io,000.00)
62,943.94
Unrestrlcted funds
General Fund
24,119.32
63,653.88
186,153.431
10,000.00
11,619.77
24,119.32
63.653.88
186,153.431
10,000.00
11,619.77
Total funds
89,990.18
70,726.96
(86,153.431
74,563.71
Pur
ses of Endowment Funds
To provide income in the form of interest which is reinvested for use at the discretion of the trustee5.
Pur
oses of Restrlcted Funds
Building Fund: The pu rpo5e of thi5 account 15 for the maintenance and renewal of the church property.
Pur
oses of Desi
nated Funds
General Fund., Thls fund covers all expendlture and receipt transactlons except for those whlch requlre
separate fund accounting. This fund is to assist with all areas of the Church Life alongside the maintenance
and upkeep of all the Church A55ets.
12

5t Luke's Parish Church, Loughgall
Notes to the financial statements for the year ended 31 December 2024 (cont.)
Collections for Thlrd Parties
2024
Parish Mlssion Boxes
15.00
Remembrance Sunday
347.70
DFC Charities
203.28
LEMOS
640.10
1206,08
4A. Charity Allocations from Church Funds
0.00
This is a sum allocated by the Trustees to the above various collectlons for third partie5.
All payments out had not been completed by the year end.
4B. Charity Allocations from Church Funds
0.00
This is a sum allocated annually by the Trustees to support a number of charities not included in Collectlons for third parties.
The above amounts have been included in Receipts for the Year under "Charity Collections" and in Payments for the year under
"Charitable donations"
5. Grant5
2024
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 2024 (cont.)
6. Transactlons wlth the Trustees
The parlsh paid expenses of £22,995.62 relating to the running costs of the glebe house which is occupled by the rector.
Mr T Sharpe, trustee, received expenses of £1,600 for the provislon of musical services as Organist. This ha5 been included in
payment5 for the year under "Wages & Salaries.
7. Governance Cost5
No Governance were pald during the year to WHR Accountants Ltd.
14