Markethlll/Mullabrack. St John5, Armag , Church f Ireland Annual report and flnanclal st tements For the year ended 31 Decem er 2022 Charltles Number: Nl 10 86
Annual report and flnanclal statements for the year ended 31 Decem er 2022 Contents Pages References and admlnistratlve details Trustees, Annual Report 4-6 Independent Examinerfs report to the Trustees Statement of financlal actlvltles Statement of flnanclal posltlon Statement of cash flows io Notes to the flnancial statements 11-19
Markethill/Mullabrack, St Johns, Arnia , Church of Ireland Referenos and admlnlstratlve detalls Charlty Name: Markethlll/Mullabrack, St Jo ns, Arma8h, Church of Ireland Charlty Registratlon Number: NI 104086 Contact Addres5: c/0 116A Tandragee Road. M rkethlll. Co Armagh, BT60 1 Trustees Jackson Anderson Sonya Barnes Alfred Collen Jacquellne Farrell Kenneth Gilmore Jonathan Hull Andrew Johnston Colln Kerr 51mon Marshall Matthew Mccracken Elizabeth Mccreary Judith Menary Peter Munce Barbara Orr Lorna Quln Phillp Reid Wllllam Reld Lewls Singleton Gregory Wllson Prlnclpal Offlce.bearer$ Clergy: Church Secretary: Church Treasurer: Church Warden- Clergy: Church Warden- People.. Peter Munce Matthew Mccracken Jonathan Hull Judlth Menary Lorna Quin Independent Examlner Joanne O'Brlen Bankers Danske Bank 4548 High Street Portadown Co Armagh BT62 ILB
Trustees. Annual Report for the year ended 31 December 2022 The trustees present the annual report and statement5 of Receip Markethill/Mullabrack, St Johns, Armagh, Church of Ireland for the yea s and Payments and Assets and Liablllties for ended 31 December 2022. Objectlves and Actlvltles The charitable purpose of the Church of Ireland is the advancement of Ilgion. The principal functlon of Markethill/Mullabrack, St Johns, Armagh, Chur Chrlstlan religlon by promotlng, through the work of the Markethilllm h of Ireland is to support the advancement of the whole mlssion of the Church, pastoral. evangelistlc, social and ecumeni Ilabrack, St Johns, Armagh, Church of Ireland the whole and offering support forthose needlng help are fundamental to t l. Bein8 open to and engagin8 Wlth society as a As a result of actlvity in the pursuit of the advancement of the Christian e prartical delivery of the benefits of Chrlstlanlty. eliEion, Markethllllmullabrack, St Johns, Armagh, Church of Ireland has custody of property and of records, materials and artefacts of signlficance to the cultural and rellglous heritage and maintenance of whlch is undertaken by the Select Vestry of the Markethill/Mullabra¢k, St Johns, Armagh, Church of Ireland. Achlevements, Performance & Publlc Beneflt The high polnt of our week Is on a Sunday when we meet together for orshlp, prayer and to listen and learn frorn God's word. Durlng the week we provlde pastoral care and support to over IPOO people In the Markethlll and Hamiltonsbawn area of Co Armagh particularly through home and hospStal visits. We s and overseas through partnerln8 wlth Indlvldual churches and mlss10 pport mlssion and outreach work in thls country occaslons, personal volunteers. agencles, provldlng flnanclal assistance and on We have numerous groups and clubs runnlng In our church halls whlch c Girls Friendly Society, Bowllng Club, Pilates Class. Mothers Unlon, Par Schools, Children's and Youth Summer schemes. ter for all ages and many interests. Boys Brlgade, 'nt & Toddlers/Babies, Youth Fellowship, Sunday These activltles fulfil our objectlves and charltable purpose and have p alm to contrlbute not only to the splritual well-being of people but the Iso. Our actlvitles are open to all and are free at the polnt of use. Th voluntary donations and contributions. ovlded public benefit. Through our actlvltles we r physlcal. practlcal, soclal and emotlonal needs e are no fees charged. Our charlty Is funded by We have miti8ated any potential harm from the activltles e.g. We uph protection policy-°Safeguardlng Trust. whlch Sncludes undertaking Ris Flnanclal Revlew d the standards of the Church of Ireland's Chlld Assessments of rooms, bulldings and events. The charlty had a deflclt of recelpts over payments of £8,036 fo the year ended 31 December 2022. The charity contlnues to be In a healthy financlal state as at 31 ecember 2022 wlth total cash funds of £109,713 The charlty alms to retain sufficlent reserves to meet It5 expe potential future capital projects. ed future expenditure requirements as well as Going Concern The trustees have reviewed the budgets for the year ahead and are sat ensure that the Parish can continue its attivitles and the financial state be signed off as a going concern. 5fied that there are adequate funds In place to ents for the year ended 31 December 2022 can
Trustees, Annual Report for the year ended 31 December 2022 (contln ed) structure, Governance and Management Governlng Document ond Constltutlon oAthe Chorfty Chapter111 of the Constltutlon of the Church of Ireland governs Parlsh members are the Charlty Trustees. s and Parochial Organisation. The Select Vestry Recruftment andAppolntment of Select Vertry All members of the Church of Ireland who are overthe age of 18 and are ither resident within the parish or live elsewhere but have been accustomed members of the congregation forat leastthreb months, may registeras members of thegeneral vestry of the parish, allowing them to attend and vote at meetings of ttye general vestry and to stand for elettion to the select vestry. Meetln85 of the general vestry are held at least once a General Vestry meeting. The Select Vestry will hold their posltlons for a vear. The select Vestry is elected as part of this re-elected annually and there Is no Ilmlt on the number of terms whlch eriod of one year. Select Vestry members may be ay be served. Pay and remuneratlon The Incumbent (Rector) of the Parlsh stlpend Is pald dlrectly by the Di flgures approved by the General Synod of the Church of Ireland together cese, and receives a stipend In accordance wlth ith approved offlce and locomotory allowances. Organlsatlonal Structure The select vestry is responslble for the day to day management of the p the cler8y serving In the parish, any curate asslstant 1.the curate"), the not more than twelve other members of the general vestry elected at th rlsh. The select vestry consists of the member of hurchwardens, the glebe wardens and generally General Vestry. The select vestry Is chalred bythe Incumbent or other member ofthe cler are responslble for maklng decSsions on matters of general concern and parlsh funds are to be applled. y officiatlng In the parlsh. Select vestry members Importance to the parlsh Includlng decldlng how The select vestry meets at times fixed by the members or by the dioces any time by the chairperson or the churchwardens. In 2022 the Select V attendance was 71%. n synod. Speclal meetlngs may be convened at stry met 8 tlmes durlng the year and the average Compllance wlth Publlc Beneflt The Parlsh has glven careful conslderatlon to the Charlty Commlsslon for ensure that the actives entered Into durlng the year have helped to achl as providin8 public beneflt. Northern Ireland's guldance on public benefit to ve the Parish's objectlves and attlvltles, as well Statement of Trustees. Responslbllttles The trustees are responsible for preparlng theTrustees' Report and the fl law and regulations. anclal statements In accordance wlth applicable The law applicable to charities in Northern Ireland requlres the trustees prepare financial statements for each financial year. Under that law the trustees have prepared the flnancial statethents in accordance with Generally Accepted Accountlng Practice in the United Klngdom laccounting standards issu Includlng Charities SORP IFRS 1021 "Accounting and Reporting by C by the Flnancial Reporting Council in the UK, applicable to charities preparing their accounts in accordance with the F arities: Statement of Recommended Practice and Republic of Ireland IFRS 1021" Under that law the trustees must not nanclal Reporting Standard applicable In the UK satisfied that they give a true and fair view of the state of the affairs of the pprove the financlal statements unless they are of the charity for that period. harlty and of the statement of financlal activities
Trustees, Annual Report for the year ended 31 December 2022 Icontln ed) In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistentl makejudgments and estlmates that are reasonable and prudent state whether the financial statements have been prepared in acco identlfy the standards In question, subject to any material departu statements and prepare the financial statements on the goln8 concern basls unle55 ontinue as a 80ing concern. dan with applicable Accounting Standards and es being disclosed and explained in the financial t 15 inapproprlate to presume that the Parish will The trustees are responslble for keepln8 accounting records that transactSons and dlsc105e with reasonable accuracy at any time the flna ensure that the financial statements comply with the Charlties Act IN Reports) Regulations (Northern Ireland) 2008 and the provlsion of the C responsible for safeguardlng the assets of the Parish and hence for detectlon of fraud and other irregularities. re sufflclent to show and explain the Parlsh's clal position of the Parish and enable them to rthern Ireland) 2008, the Charlty (Accounts and nstitution of the Church of Ireland. They are also aking reasonable steps for the preventlon and Statement as to dlKlosure to our examlners In so far as the trustees are aware at the timlng of approving our truste there is no relevant information of which the charitable compa the trustees have taken all steps that they ou8ht to have ta Informatlon and to establlsh that the compan¢s examlner Is a s, annual report: y's examiner Is unaware and en to make themselves aware of any relevant are of that Informatlon. Independent Examlner The examlner, Joanne O'Brlen, has Indlcated her wllllngness to continue reappolntment wlll be proposed at the next Annual Easter Vestry Meetl In office, and a resolution concernlng thelr On Behalf of the Trust es Trustee I: Matthew Mccracken Trustee 2.. Jonathan Hull Date:
Independent Examlners Report to t MarkethilllMullabracK St Johns, Armag e Trustee? of , Church o Ireland We report on the accounts of Markethilllmullabrack, Stjohns. Armagh, 2022, which are set out on pages 8 to 19. hurch of I eland forthe year ended 31 December Respectlve responslbllltles of Charlty Trustees and examlner As the charitvs Trustees you are responsible for the preparation of t (Northern Ireland) 2008. e accoun In accordan with the Charities Art It Is our responsiblllty to: Examlne the accounts under sertlon 65 of the Charltles Act. Follow the procedures laid down In the general Directions give Charlties Act. State whether particular matters have come to our attentlon. by the Co mlsslon under section 65{91{bl of the Basls of Independent examlnerf$ report We have examined your charltyaccounts as rÈqulred under sectlon 65 of out In accordance wlth the 8eneral dlrections glven by the Charlty Com of the Charitles Act. he CharitiesArtand our examlnatlon was carried isslon for orthern Ireland under settion 6519llbl Our examlnation Included a revlew of the accountin8 records kept b presented wlth those records. It also included consideratlon of any u seekln8 explanations from you as charlty Trustees concernlng any such the chari usual Ite atters. and a comparlson of the accounts s or dlsclosures In the accounts, and Our role Is to state whether any materlal matters have come to our atte tlon glvln us cause to belleve: That accountlng records were not kept in accordance with That the accounts do not accord wlth those accountlng rec That the accounts do not comply with the accounting requi That there Is further Information needed for a proper unde ectlon 63 rds. ement5 0 standing f the Charltles Act. the Charltles Act. f the accounts to be reached. Independent examlnerfs statement We have completed our examinatlon and have no concerns In respe connection wlth following the Directions of the Charlty Commisslon for require drawlng to your attentlon. of the orthern Ir atters {1) to (41 listed above and, In land, we have found no matters that Joanne O'Brlen Date:
Statement of Financlal Activltles for the year ended 31 December 202 Unrestrlcted Funds 2022 RestrlrtPd Funds 2012 Endowment Funds 2022 Total 2022 Total 2021 Note Income Donation5 & legacies Other tradlng activltles Investments Charitable activltles Other income 112,023 2,330 10,962 6,459 112,023 2,330 10,962 6,459 384,932 565 7.068 5,451 Tot I Incom 131,774 131,774 398,016 Ex endlture on: Generating funds Charltable actlvities Other Total Ex 1139,8101 1139,810) {133,7261 endlture 1139,8101 (139,8101 1133,7261 Net In¢ome/{Expendlture) before transfers 18,0361 18,0361 264,290 Transfers between funds 6,938 16,9381 Net Incomel(Expendlture) before other re¢o8nlsed 8alns and losses 11,0981 16,9381 18,0361 264,290 Galn/lLossl on Investments assets Depreciatlon {io,00 {io,0001 iio,0001 Net movement In funds 11,0981 iio,00 {6,9381 118,0361 254,290 Reconclllatlon of fundg.. Total funds brought forward T tal funds carrled f ward 164,319 163,221 1.310,0 1,300,000 74,354 367,416 1,848,673 1,830,637 1,594,383 1.848,673
Statement of Flnanclal Posltlon as at 31 Dernber 2022 Note 2022 2021 Flxed Assets Tangible Fixed Assets Investment Propertles Investments Total flxed a55ets li 12 13 1,300,000 155,000 265.924 1,720,924 1,310,000 155,000 265.924 1,730,924 Current Assets Debtors Cash and cash equivalents Total current assets 14 109,713 109,713 118,649 118,649 Credltors- amounts fallln8 due wlthln one year Accruals and other credltors Bank Loans Total credltors 15 15 {9001 19001 Net Current Assets 109,713 117,749 Total net Assets 1,830,637 1,848,673 The funds of the parlsh Unrestrlcted funds General funds Designated funds Total unrestrlcted funds Restrlcted Funds Endowment Funds 17&18 8,221 155,000 163,221 1,300.000 367,416 9,319 155.000 164.319 1,310,000 374.354 17&18 17&18 Total charlty funds 22 1,830,637 1,848,673 The notes on pages 11 to 19 are an Integral part of these financial state ents. The financial statements on pages 8 to 10 were approved by the Board Its behalf by: th Trustees on 20 February 2023 and slgned on Trustee I: Matthew M racken Trustee 2.. Jonathan Hull
Statement of Cash Flows for the year ended 31 December 2022 Total funds 2022 Total funds 2021 Cash flows from operatln8 actlvltles: Net cush provlded by (used Inj operatlng actlvltles 122,2281 257,558 Cash flows from Inve5tln8 actlvltles: Dividends, interest and rents from Investments Proceeds from the sale of property, plant and equlpment Purchase of property, plant and equlpment Proceeds from sale of investments Purchase of Investments 13,292 7,633 1250.0001 Net cush provlded by (used In) Investlnq artivltles 13,292 1242,3671 Cash flows from flnancln8 a¢tlvltles'. Repayments of borrowlng Cash Inflows from new borrowlng Receipt of endowment Net cash pmvlded by (used Inlflnonclnq actlvttles Chanqe In cash and cash equfvolents In the reportlnq perlod Cash and cash equlvalents at the beglnnlng of the reportln8 perlod Change In cash and cash equlvalents due to exchange rate movements Cash and cash equlvalents at the end OA the reportlnq perlod 18,9361 118,649 15,191 103,458 109,713 118,649 10
Notes to the financial ststements for the year ended 31 December 20 l. Accountln8 polldes The prlnclpal accountlng pollcles adopted, judgements and key sources financial Statements are as follows.. f estimati n uncertalnty in the preparation of the a) Basls of preparatlon The financial statements have been prepared on a going concern basis Charities: Statement of Recommended Practice applicable to charities Financial Reporting Standard applicable in the UK and Republic of Irelan in accorda ce wlth Accounting and Reporting bv preparing Iheir accounts In accordance wlth the IFRS 102)- (Charltles SORP IFRS 102)). The Parlsh meets the deflnltlon of a publlc benefit entlty under FRS I historlcal cost and transaction value unless otherwlse stated in the rele 2. Assets gnd Ilabllities are inltlally recognised at ant accou ting policy notelsl. b) Preparatlon of accounts on a golng concern basls Thé Parish generally meets its day to day worklng capltal requlrements fr and reviewed tash flow forecasts for the comlng year and based on th provide a reasonable expectation that It can contlnue to meet Its flnanc future. Therefore these financial statements have been prepared on a 8 m Its ann al income. TheTrustees have obtained se are sallsfied that the Parlsh has resources to al obllgations as they fall due for the foreseeable Ing conce n basls. c) Income Plate Collections, Weekly Envelopes and Graveyard Income are accoun collected. ed for on cash recelpts basls as the amount Is Income arlslng from the rental of Parlsh Centre facllltles to thlrd partles the funds, any performance condltlon5 attached to the Income have recelved and the amount can be measured rellably. Is recognlsed when the parlsh has entltlement to een met, t Is probable that the Income wlll be Income from 8overnment and other grants, whether'capltal, 8rant5 Or, has entitlement to the funds, any performance conditions attached to Income will be received and the amount can be measured reliably and i evenue, g he grants not deferr ants, are recognised when the charlty ave been met, It is probable that the Legacles are Included wlthin Income under elther unrestrltted or restrl donation Is made and when the amount can be quantlfied with reaso brought into the accounts at thelr falr value to the Parlsh. ed funds atcording to the terms under whlch the able cert inty. Donations and 8ifts in kind are d) Expendlture Expenditure Is recognlsed once there Is a legal or constructive obligatlon that settlement will be required and the amount of the obligation can b to makea measured ayment to a thlrd party, It is probable rellably. Irrecoverable VAT Is charged as a cost agalnst the attivity for whlch the xpenditur was incurred. 11
Notes to the flnanclal statements for the year ended 31 December 20 l. Accountin8 pollcles (contlnued) e) Tan8lble assets The assets of the Parish compr15e.' Church Buildings x 2 and Graveyard Parish Centre Glebe House Resldential Investment property Fixtures and flttin8S The Church Bulldlngs and Graveyard are deemed to be Herltage assets a These Heritage assets are not included on the balance sheet as Inform such information cannot be obtained at a cost commensurate with th parlsh. defined by the Charltles SORP (FRS102) ion on the cost or valuation Is not available and benefit to the users of the accounts and to the The Parish Centre Is recognised at cost of constructlon / acquisltlon, centre buildlngs as the current estlmated re51dual value Is not less tha currently exceeds 50 years. o depreclation has been provlded on the parlsh Its carrying value and the remalnlng useful Ilfe The Glebe House is recognlsed at cost / deemed cost, beln8 the estimate No depreclatlon has been provided on the glebe house as the Current es value and the remalnlng useful life currently exceeds 50 years. falr value of the property at 31 December 2022. Imated resldual value Is not less than Its carrylng A resldentlal investment property was purchased In 2019 at a cost of£15 house as the Current estlmated resldual value Is not less than Its carryl exceeds 50 years .000. No depreciation has been provlded on the g value and the remainlng useful Ilfe currently Flxture5 and Flttln8s are recognlsed at cost and are depreclated on a stra The assets, resldual values and useful Ilves are revlewed, and adjusted, If The effect of any change Is accounted for prospectlvely. ght Ilne basls over a perlod of 10 years. pproprlate, at the end of each reportln8 perlod. Tangible assets are derecognised on disposal or when no future eco difference between the new dlsp05al proceeds and the carrylng amo actlvitles and included In 'Other operatln8 {losses)/galns'. omlc benefits are expected. On disposal. the nt Is recognised in the statement of financlal n Investments Fixed asset Investments comprisin8 Investment propertles. Investments I are Initlally recorded at cost and are then subsequently stated at falr va equities and Investment In RCB/CIT Unlt Trusts unquoted Investments are recorded at cost and are assessed annuall ue at each balance sheet date. Investments In represent the dlfference between the fair value at the be8lnnlng and end for impairment. Unrealised galns and 1055es the difference between cost and fair value at the end of the year. Re of the financlal year or, If purchased in the year. lised galns and losses represent the dlfference between the proceeds on disposal and the fair value at the start of the yebr or cost if purchased in the year. Both realised and unrealised gains and losses in investments are reported within Statement of Financial Actlvities. et Gains/{Losses) on Investments" wlthin the g} Cash and cash equlvalent$ Cash and cash equivalents includes cash In hand, deposits held at c Investments with original maturities of three months or less and bank Credltors Amounts falling due within l year. 11 with banks, other short-term highly liquid overdrafts. Bank overdrafts are shown wlthin 12
Notes to the financlal statements for the year ended 31 December 20 contlnu l. Accountlng policles (contlnued) h) Flnanclal Instrumerrts The Parish only has financial assets and financlal Ilabilitles of a kind that qualify as basic financial instruments. Basic financial instruments are initially reco8nised at transartion prlce and subsequently measured at their settlement value. l) Funds Fund5 are cla55ified as either restrlcted funds or unrestrlcted funds, defi ed as follows. Restrlcted funds are funds subjert to speclflc requlrements as to their use which may be declared by the donor or with thelr authorlty or created through legal processes, but still within the willer objects of the Parish. Endowment funds are funds whlch are held generally on the basls thal the orlginal capltal sum Is not reduced, and the Income there from is used for the purpose deflned In accordance wlth the objects of the Parlsh. However the capital sum may still be used at the dlscretion of the Select Vestry. Unrestricted funds are expendable at the d15cretlon of the trustees In fu herance of the objects of the charity. If parts of the unrestricted funds are earmarked at the dlscretlon of the trustees for a particular purpose, they are designated as separate fund. Thls deslgnatlon has an admlnlstratlve purpose only and apply the fund. oes not le8ally restrict the trustees, discretion to 2. Crltlcal a¢countln8 Judgements and estlmatlon uncertalnty Estlmates and Judgments made In the process of preparlng the financlal statements are contlnually evaluated and are based on hlstorlcal experlence and other factors, Includlng expectatlons of future events that are belleved to be reasonable under the clrcumstances. The Trustees do not conslder that there are any crStlcal judgments made in applying the Parlsh's accounting pollcies or that there are any crltlcal accountlng estlmates or assumptlons whlch may have signlficant risk of causln8 a materlal adjustment to carrying amounts of assets and Ilabllltles wlthln the next flnancial year. 3. Donatlons and legacles Unrestrlcted Funds 2022 Restrlcte Fund 202 Endowment Funds 2022 Total 2022 Total 2021 Plate Collections Weekly envelopes / FWO Tax recovered on Donations Le8a¢ies Endowment Income Special Appeals Grants Other 87,344 17,763 87,344 17,763 76,279 17,013 269,021 2,019 2,051 16,816 1,733 384,932 2,009 1,543 300 3,064 112,023 2,008 1,543 300 3,064 112,023 13
Notes to the financlal statements for the year ended 31 December 202> Icontlnued) other tradlng actlvltles Unrestrlcted Funds 2022 Restrlct Fun 20 Endowment Funds 2022 Total 2022 Total 2021 Rentals from Parish Centre 2,330 2,330 2,330 2,330 565 565 Investments Deposlt Interest Dlvldends recelved Rental Income- Investment Propertles 7,007 7,007 3,245 3,955 10,962 3,955 10,962 3,823 7,068 6. Charltable artlvltles Graveyard Income Other Income 2,115 4,344 6,459 2,115 4,344 6,459 1,665 3,786 5,451 Total InMme 131,774 131,774 398,016 7. Analysls of Expendlture Unrestrlcted Funds 2022 Restrl¢te Fund 202 Endowment Funds 2022 Total 2022 Total 2021 Generatlng Funds Investment Managerfs Fees Fundralslng costs Other Charltable Actlvltles Wages and Salaries Diocesan Costs/Assessment Church Running Costs Glebe Costs Charitable Donations Other 53,669 76,580 4,156 5,405 53,669 76,580 4,156 5,405 55,123 69,110 537 8,956 139,810 139,810 133.726 Total Expendtture 139,810 139,810 133,726 Governance costs of £0 were incurred durlng the year of which £0 relates to fees pald to the independent examiner. Governance costs are included within Church Running Costs above. 14
Notes to the flnancial statements for the year ended 31 December 20 {ntInued) Galn/(Loss) on Investment Assets 2022 2021 Unrea115ed falr value galnsl(losses) on Investments Unrealised falr value gains/llossesl on investment properties Rea115ed galns / (losses) on investments Reallsed gain5111ossesl on investment properties 9. Taxatlon Markethllllmullabrack, St Johns, Armagh, Church of Ireland Is recognlsed as a charity for the purposes of appllcable taxation leglslatlon and is therefore not subject to taxation on Its charitable a tivitles. 10. Analysls of staff costs, trustee remuneratlon and expenses, and the cos of key management personnel Employees 2022 2021 Salarles and wages National Insurance costs Total The average number of employees durln8 the year, calculated on the basls of a head count, was as follows: 2022 Number 2021 Number Mlnlsterial support Admlnlstration Muslc staff Premlses malntenance There are no employees in receipt of employee benefits In excess f £60,000 Key Management and Trustees The parish paid expenses of £4,156 relating to the running costs of the gle rector. No trustee received any remuneration or relmbursemenl of expens role as trustee. e house whlch Is occupled by the s durlng the year In respect of their One Trustee received £847 in total in payment for other professlonal work done for the charity. No trustee or a person related to a trustee had any personal Int¢rest in an by the charlty during the year. contract or transactlon entered Into 15
Notes to the financlal statements for the year ended 31 Defflber 202 (contlnued) 11. Tanglble flxed assets Flxtures & Fittlngs Bulldln8s Total Cost At be8innln8 of the year Additions Disposals At end of the year 1,250,000 loo,000 1,350,000 1,250,000 loo,000 1,350,000 Depreclatlon At beginning of the year Depreclation Dlsposals At end of the year 40,000 10,000 40.000 10,000 50,000 50,000 Net book value at be8innlng of the year Net book value at end of the year 1,250,000 1,250,000 60,000 50,000 1,310,000 1,300,000 12. Investment Propertles Balance at Be8lnnlng of the year Addltlons durin8 the year Dlsposals durlng the year Falr Value Galns / (Losses) Balance at end of the year 155,000 155,000 The year-end valuation of the Investment propertles has been based on Ihe purchase prlce in 2019. 13. Investments Llsted Invostments Other Investments T¢)tal Balance at beginnlng of the year Additlons during the year Dlsposals durlnB the year Fair Value 8ain/lloss) on Investments Balance at end of the year ,265,924 265,924 265,924 265.924 Analysls of Investments Equity Investments Other Listed Investments Investments in RB Unit Trusts Other unlisted Investments 65,924 265,924 265,924 265.924 16
Notes to the financial statements for the year ended 31 December 202 (continu dl 14. Debtors 2022 2021 Sundry debtors Other (detail where materlal) 15. Credltors Amounts Due wlthln l Year 2022 2021 Accruals and other creditors Taxation and Social Security Bank Overdrafts 900 900 16. Flnanclal Instruments The company has the followln8 flnancial Instruments: 2022 2021 Loans and recelvables held at amortlsed cost Investments Cash and cash equlvalents Sundry debtors Other recelvables Investment in short term deposlts Flnan¢lal Ilabllltles measured at amortlsed cost Bank loans and overdrafts Accruals and other creditors 17. Analysls of Net Assets Amon8 Funds General Deslgnate Restrlrted Endowment Total Fixed Assets Investments Current Assets Current Llabilities Net assets at 31 Dec 2022 1,300,000 1,300,000 420,924 109,713 155,00 265,924 101.492 8,221 8,221 155,00 1,300,000 367.416 1,830.637 17
Notes to the flnanclal statements for the year ended 31 December 2012 (contlnued) 18. Funds of the Parlsh Atljan 2022 At 31 Dec 2022 Incom Expendltur• Transfers Endowment funds General 374,354 {6,938) 367,416 374,354 (6.9381 367.416 Re5trlrted funds Parlsh Centre Glebe House Fixtures & Flttlngs 950,000 300,000 60,000 1,310,000 950,000 300,000 50,000 1,300,000 iio,0001 iio,0001 Unrestrlcted funds Designated- Investment Property General 155,000 9,319 155.000 8,221 131,77 1139,8101 6,938 164,319 131,77 {139,8101 6,938 163,221 Total funds 1,848,673 131,77 1139,8101 iio,000) 1,830,637 19. Collertlon for Thlrd Partle5 2022 2021 LEMOOS Nl Hosplce CMSI Diocesan Ministry Training Fund Armagh Food Bankl Crosslinks SAMS Irish Church Mlsslons Leprosy Mlsslon 287 181 1,720 150 356 115 233 261 227 65 1.544 278 566 366 83 The amounts above have been Included In total Income for the year und r and in total expendlture for the year. 20. Reconclllatlon of net In¢ome/lexpendtture) to cash flow from pperatlng •¢tlvltle$ 2022 2021 Net Incomellexpendlture) for the reportlng perlod (as per the statement of financial activitles) Adjustments for: Depreclation charges Dlvidends, interest and rent from investments Loss/lprofitl on the sale of fixed assets Ilncreasel/decrease in debtors Increaselldecrea5el in creditors Rounding difference Net cash provlded by (used In) operatlng activities 118,036) 254,290 10,000 113,2921 10,000 17,633) {9001 900 22,228) 257,558 18