St Matthew's Church. Parish of Keady Statement of Financial Activity (Receipts and Payments Account) for the Year Ended 31 December 2022 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Totsl 2021 Receipts Donations & Legacies Charitsble Activities Other Trade Activities Investment income Other income 22,223 22,992 4.938 39 3,117 22,223 22,992 4,938 14,373 3,117 14,224 8,561 4,938 16 11,324 14,334 Total Receipts 53.309 14,334 67,643 39,063 Payments Charitable Activities 52,869 31 52,900 27,096 Total Payments 52,869 31 52,900 27,096 Net Receipt5 1 Payments Transfer5 net 440 5,000 14,303 15.0001 14,743 11,967 Net movement in funds 5,440 9,303 14,743 11,967 Funds brought forward 01 January 2022 16,9041 147,521 7.756 148,373 16,450 Deduct non cash/bank related Endowment Fund5 Funds carried forward 31 December 2022 11,4641 147,521 17,059 163,116 28,416
St Matthew's Church, Parish of Keady Statement of Assets and Liabilities as at 31 December 2022 Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Funds Reconciliation Bank and cash at start of year 16,9041 147,521 7.756 187,905 175,938 Net movement in funds 5,440 5,440 11.967 Bank & Cash Balances Bank Oeposit Accounts Bank Current Accounts 7,182 8,413 16.8641 7,716 Total 15,595 852 Other Assets Fixed A55ets Church Premises Heritage Heritage Liabllities Loans io 21,147 27,565 Approved by trustees on 2310612023 and signed on its behalf by: Trustee Trustee Date.. 23/06/2023 Date.. 2310612023
St Matthew's Church, Parlsh of Keady Notes to the Accounts- Year Ended 31 December 2022 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is le55 than £250,000 the congregation have elected In accordance with the provisions In The Charities IAccounts and Reports Regulations INorthern Irelandl 2015 to prepare its accounts on a receipts and payments basis. FUNDACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's discretion. the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise lal income from endowments which is to be expended only on the restricted purposes intended bythe donor and Ibl revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis. Unrestrlcted funds are income funds which are to be spent on the congregation's general purposes. Designated funds are general funds set aside by the congregation for use in the future. RECEIPTS 2. DONATIONS & LEGACIES Unrestricted Fund5 Restricted Funds Endowment Funds Totsl 3111212022 Oonations and Gifts Gift Aid Legacy and Bequests 19,478 2,600 145 22,223 19,478 2,600 145 22,223 3. CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Totsl 3111212022 Charitable Activities Wedding and Funeral Fees 21,792 1,200 22,992 21,792 1,200 22,992 4. OTHER TRADE A1VITIEs Unrestricted Funds Restricted Funds Endowment Funds Total 3111212022 Glebe Land5 Conacre Income 4,938 4,938 4,938 4,938 5. INVESTMENT INCOME Unrestricted Fund5 Restricted Funds Endowment Funds Total 3111212022 Deposit Interest Dividends Sale of Share5 39 13 2,646 11.675 14,334 13 2.646 11,675 14,334 39 6. OTHER INCOME Unrestricted Funds Restricted Funds Endowment Funds Totsl 31112/2022 Armaghbreague Derrynoose Newtownhamilton 702 703 1,712 3,117 702 703 1.712 3,117
St Matthew's Church, Parish of Keadv Notes to the Accounts- Year Ended 31 December 2022 PAYMENTS 7. CHARITABLE A1vITE5 Unrestricted Funds Restricted Funds Endowment Funds Total 3111212022 Ministry and Support Staff 4,585 4,585 Donations to Mi55ions and Charities Governance Costs 17,409 101 17.409 101 52,869 31 52,900 8. FIXED ASSETS The assets retained for the Parish's own use include the.. Parish Centre,. Glebe House,. Fixtures and Fittings. All these assets retained for the Parish's own use are Heritage_
st Matthew's Church, Parish of Keady Notes to the Accounts- Year Ended 31 December 2022 9. FUND BALANCES Balance at start Receipts Payments Surplus/ (Deficit) Transfer5 nett Balance at end Unrestrirted Funds Current Account Investment Roofing Actount Church Loan Bounce Back Loan Interest Free Loan 7,716 12,945 -9,727 -17,838 31,688 21,621 52,010 -20,322 21,621 -455 -404 21.018 4,295 3,561 3,716 -19,000 8,412 30,271 -6,621 -14,526 -19,000 455 404 -6,904 53,309 52.869 440 5,000 -1,464 Restricted Fund5 Other Listed Investments Investments in RCB / CIT Unit Trusts 97.475 50,046 97,475 50,046 147,521 147,521 Endowment Funds Investment l Mccabe Account 7,756 14,334 31 14,304 -5.000 17,059 7,756 14,334 31 14,304 -5,000 17.059 Total Funds 148,373 67.643 52,900 14.744 163,117 852 15,184 15,595 10. LIABILITIES Bank Loans Owed atyear End 12 2022 31 12 2021 6,621 9,727 14,526 17,838 19,000 31 Danske Bank Loan for Church Bounce Back Loan Annon Loan 40,147 27,565