## **Receipts and Payments Account for the year ended 31 December 2023** |**Unrestricted**
**Funds**
**2023**
**£**
**Restricted**
**Funds**
**2023**
**£**
**Receipts**
Donations and Plate Collections
34,140
Investment Income
1,216
**Total Receipts**
35,346
**Payments**
Charitable Activities
26,166
Other Costs
**Total Expenses**
26,166
**Surplus of Receipts over**
**Payments for the year before**
**transfers**
9,180
**Statement of Assets and Liabilities as at 31 December 2023**
**Unrestricted**
**Funds**
**2023**
**£**
**Restricted**
**Funds**
**2023**
**£**
**Cash Funds**
Current Account
10,092
Deposit Account
75,756
**Total Cash Funds**
85,848
**Unrestricted**
**Funds**
**2023**
**£**
**Restricted**
**Funds**
**2023**
**£**
**Investment Funds**
Investments in RCB / CIT unit
Trusts
1,216
**Total Investment Assets**
1,216|**Endowment**
**Funds**
**2023**
**£**

**Endowment**
**Funds**
**2023**
**£**
**Endowment**
**Funds**
**2023**
**£**|**Total**
**2023**
**£**
**34,140**
**1,216**
**35,346**
**26,166**
**26,166**
**9,180**
**Total**
**2023**
**£**
**10,092**
**75,756**
**85,848**
**Total**
**2023**
**£**
**1,216**
**1,216**|**Total**
**2022**
**£**
26,839
550
27,389
21,398
21,398
5,991| |---|---|---|---| ||||**Total**
**2022**
**£**
11,569
65,089
76,658
**Total**
**2022**
**£**
550
550| ## **Assets retained for the Parish’s own use** The Church Building and grounds and Fixtures and Fittings are all held at heritage book value. ## **Notes to the Financial Statements for the Year Ended 31 December 2023** ## **1. Accounting Policies** Set out below are the principle accounting policies which have been adopted in 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 accounted for on a cash receipts basis. Voluntary income is received by way of donation’s and gift’s and is included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers’ has not been included. The Parish generally meets its day to day working capital requirements from its annual income. The Trustees have obtained and reviewed cash flow forecasts for the coming year and based on these are satisfied that the Parish has resources to provide a reasonable expectation that it can continue to meet its financial obligations as they fall due for the coming year. Therefore, these financial statements have been prepared on a going concern basis. ## (b) **Assets retained for the Parish’s own use** The Assets of the Parish, retained for its own use: i Church Building and Graveyard ii Fixtures and Fittings iii Shared Rectory The Church Building and Graveyard deemed to be Heritage Assets as defined by the Charities SORP (FRS 102). 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 commensurate with the benefit to the users of the accounts and to the Parish. Fixtures and Fittings are deemed to be Heritage assets as defined by the Charities SORP (FRS 102). These fixtures and fittings are artefacts contained within the Church Building and their Preservation and contribution to culture are ancillary to faith and other purposes. Heritage assets are not included in the Statement of Assets and Liabilities as information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the Parish. The Rectory usage is shared between the Parishes of Keady, Derrynoose, Armaghbreague and Newtownhamilton. Keady Parish maintain ownership of this property and as a result this building is not recognised in the Parish Statement of Assets and Liabilities. ## **2. Reconciliation of Cash Funds** |Total Cash Funds at the Beginning of the Year
Receipts for the Year
Payments for the Year
Total Cash Funds at the end of the Year|**£**
76,658
35,356
(26,166)
85,848| |---|---| ## **3. Donations** |Subscriptions
Graveyard Fees
Ash Wednesday
Turkey Earthquake appeal
Gift Day
Donation from WLOL No. 98
Donations in Lieu of Flowers
Hospice Sunday Collection
Government Energy Support Grant
Sunday School Boxes
Bus for Church Outing
Adverts for Coffee Morning and Quiz
RCB
Bank Interest
Harvest Service Collection
Confirmation Service Collection
Rector in a tractor collection
**Total Donations**|**Unrestricted**
**Funds**
**2023**
**£**
30,026
800
15
159
925
50
375
70
1,200
200
70
140
1,115
101
110
35,356|**Restricted**
**Funds**
**2023**
**£**|**Endowment**
**Funds**
**2023**
**£**|**Total**
**2023**
**£**
**30,026**
**800**
**15**
**159**
**925**
**50**
**375**
**70**
**1,200**
**200**
**70**
**140**
**1,115**
**101**
**110**
**35,356**|**Total**
**2022**
**£**
25,261
50
-
-
865
-
100
150
-
-
-
-
537
13
98
235
80
27,389| |---|---|---|---|---|---| ## **4. Investments** |Bank Interest
RCB Trust Income
**Total Investment Income**|**Unrestricted**
**Funds**
**2023**
**£**
101
1,115
1,216|**Restricted**
**Funds**
**2023**
**£**|**Endowment**
**Funds**
**2023**
**£**|**Total**
**2023**
**£**
**101**
**1,115**
**1,216**|**Total**
**2022**
**£**
13
537
550| |---|---|---|---|---|---| ## **5. Charitable Activities** |**Diocesan Charges**
**Church Running Costs**
Heat and Light
Water Rates
Insurance
Grass Cutting
**Glebe**
Share of Rectory Costs
**Administration Costs**
Bus for Church Outing
Bank Fees
Envelopes for 2024
Adverts for Coffee Morning & Quiz
Sunday School Expenses
Ambassador Magazines
Poppy Wreath
Organist
Christmas Cards
Turkey Earthquake Appeal
S Hawthorne – St Marks – Bible
Harvest Preacher Expenses
Printing
Confirmation Service expenses
Rector in a tractor
Microphone
**Total Expenses**|**Unrestricted**
**Funds**
**2023**
**£**
15,969
4,008
372
1,700
450
2,282
210
113
140
140
143
34
50
200
139
159
23
34
26,166|**Restricted**
**Funds**
**2023**
**£**|**Endowment**
**Funds**
**2023**
**£**|**Total**
**2023**
**£**
**15,969**
**4,008**
**372**
**1,700**
**450**
**2,282**
**210**
**113**
**140**
**140**
**143**
**34**
**50**
**200**
**139**
**159**
**23**
**34**
**26,166**|**Total**
**2022**
**£**
13,201
2,739
179
1,570
450
1,712
-
94
136
-
146
68
175
30
102
500
80
216
21,398| |---|---|---|---|---|---| ## **6. Transactions with Trustees** £450 was paid to a trustee during the year for maintaining the grounds around the church and cutting the grass in the graveyard. ## **7. Governance Costs** Governance Costs of £0 were incurred during the year, of which £0 relates to fees paid to the independent examiner.