Parish of Drumglass Annual report and financial statements For the year ended 31 December 2022 Charities Number: NIC104193 ,jiii!1111 11
Annual report and financial statements for the year ended 31 December 2022 Contents Pages Reforences and administrative detsils Trustees, Annual Report Independent auditors, report to the Trustees Statement of financial activities Statement of financial position Statement of cash flow5 Notes to the financial statements 10-21
Parish of Drumgla55 ReferenS and administrative details Charity Name.. Parish of Drumglass Charity Registration Number.. NIC104193 Contact Address.. The Rectory 26 Circular Road Dungannon Co. Tyrone Trustees Rev Bryan Martin Rev Matthew Topley B Davidson A Smyth A Magee M Wade (Resigned April 221 V Kerr IResignedl M Kerr A Ferguson M Boyle I Stewart C McAree (Resigned April 221 J McKin5try J Wade (Resigned April 221 H Armstrong V Suitor T Forsythe L Stewart (Resigned April 221 G Boyle D Thompson Dale Patterson (Appointed April 221 Robe rt Houston (Appointed April 221 Debbie Buckley (Appointed April 221 Leanne Leckey (Appointed April 221 Elizabeth Burns (Appointed April 221 Principal Offi-bearerS Minister in charge.. Church Treasurer.. Church Warden- Clergy.. Church Warden People: Rev Bryan Martin Mrs. M Kerr B Davidson. H Armstrong J Wade, C McAree Independent Examiner Ruddell & Company 16 Church Street Dungannon Co. TyrDne Bankers Dan5ke Bank PO Box 183 Doneg211 Square West Belfast
Trustees, Annual Report for the year ended 31 December 2022 The trustees present the annual report and accounts for the Parish of Drumglass for the year e nded 3 1 December 2022. Objectives and Artivities The charitable purpose of the Church of Ireland is the advancemer)t of religion. The principal function of the Parish of Drumglass IS to support the advancement of the Christian religion by promoting, through the work of the Parish of Drumglass the whole mission of the Church, pastoral, evangelistic, social and ecurnenical. Being open to and engaging with Society as a whole and offering support for those needing he Ip are fundamentsl to the practical delivery of the benefits of Christianity. As a result of activity in the pu rsuit of the advancement of the Christian rÈligion, the Parish of Drumgla5s has custody of property and of records, materials and artefacts of significance to the cultural and religious heritage and maintenance of which is undertaken by the select vestry of the Parish of Drumglass. Achievements, Performano & Public Benefit Drumglass Parish has weekly services on Sunday mornings comprising of a mix of Holy Communion, Family Service, Baptism and Morning Prayer together with various other special services during the year e.g. Lenten, Harvest thanksgiving, Advent and Christmas. There is also a weekly Shoppers Service held on a Thursday morning. Pastoral care is provided for parishioners and those in the wider community. A range of other activities are provided by Drumglass Parish either by the church directly or through various church organisations e.g. Choir, Sunday School, Crèche, A2J Youth Group, Prayer & Bible Study, Mothers, Union, Ladies, Guild, Senior Citizens Clubs, Badminton, Bowls, Table Tennis, Th4 young women's group, 4Men group, Stepping Stones Carer and Toddlers Group, Kidzone for primary school children, Beavers, Cubs, Squirrels, Brownies, Rainbows, Guides, and Scouts. The Holiday Bible Club is held annually ove r a 5 day period culminating in a Family Fun Night held in Dungannon Park. Praise and prayer meetings are held on a monthly basis and prayer healing Eroups in parishioners, homes. Drumglass Parish has supported the Lite Bite Project for a number of years. The project which is administered by Belfast Contral Mission in CDnjunction with Housing Support for Young People provides food and household goods for vulnerable young people in the local community who are homeSess, leaving caro or struggling to live independently. There is a collection on the first Sunday of each month when parishioners bring donations to the Lite Bite Foodbank. Drumglass Parish organises an annual Harvest Lunch and two family BBQ'S are also organised. There is an effective inter-church co-operation within the local community. Drumglass Parish plays an active role in Dungannon Churches Forum, the Mid U15ter Clergy Forum and organises an annual service with other churches to mark the Week of Prayerfor Christian Unity. A number of members of the Parish serve on the Boards of Governors of local schools and support and encourage the work of the schools helping to maintain good standards 2nd practices. In addition, the staff of the Parish lead assemblies o n a regular basis in six of our local schools. The Parish supports the work of other charities and missionary work by either making donations or holding special collections in respect of same. Drumglass Parish continues to support the work Kiwoko Hospital in Uganda through Friends of Kiwoko. We also support International Nepali Fellowship and Mi55ion Aviation Fellowship and DR Congo. Other charities and mission groups receive financial and prayerful support from the Parish. The activities outlined above demonstrate how Drumglass Parish continues to implement its charitable purposes li.e. the advancement of religion) and meet5 the public Benefit requirement. Benefits to members of the public include contributing to spiritual well-being of participants and the reinforcement of Christian values. Drumglass Parish has mitigated any pote ntial harm from the activitie5 It carrie5 Out through the implementation of the Church of Ireland Safeguarding Trust Policy.
Trustees, Annual Report for the year ended 31 December 2022 (continued) Achievements, Performance & Public Benèfit (continued) The Parish has given careful consideration to the Charity Commission for Northern Ire12nd's guidance on public benefitto ensure that the activities entered into during the year have helped to achieve the Parish's objectives and activities, as wel I a5 providing public benefit. Financial Review The principal source of income of the Parish of Drumg12ss continues to be from Do nations and Plate Collections. The principal expense of the Parish of Drumglass is in respect of payments regarding Diocesan Costs/Assessment, salaries and church / hall repairs and running expenses. The Parish of Drumglass had a surplus of receipts over payments before other gains of £98,286.10 for the year ended 31 December 2022. The Parish of Drumglass continues to be in a healthy financial state as at 31 December 2022 with total cash funds of £90,299.85. The Parish of Drumglass aims to retain sufficient reserves to meet its expected future expenditure requirements as well as potential future capital projects. Going Concern The trustees have reviewed its planned expenditure for the year ahead and are satisfied that there are adequate funds in place to ensure that the Parish can continue its activities and the financial statements for the year ended 31 December 2022 can be signed off as a going concern. Structure, Governance and Management Governing Document ond Constitution of the Charity Chapter 111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees RecruiTtment ondAppointment of Selert Vestry All member5 of the Church of Ireland who are over the age of 18 and are either resident within the parish or l ive elsewhere but have been accustomed members of the congregation for at least three months, may register as me mbers of the general vestry of the parish, allowing them to attend 2nd vote at meetings of the general vestry and to stand for election to the select vestry. Meetings of the general vestry are held at least once a year. The Se lect Vestry is elected as part of this General Vestry meeting. The Se lect Vestry will hold their positions for a period of one year. Select Vestry members may be re-olected annually and there is no limit on the number of terms which may be served. Orguni5ational Strurture The select vestry is responsible for the day to day management of the parish. The select vestry consists of the member of the clergy serving in the parish, any curate assistant I'the curate"), the chu rchwardens, the glebe wardens and ge nerally not more than twe Ive other members of the general vestry elected at the General Vestry. The selectvestry is chaired bythe incumbent or other member of the clergy off iciating in the parish. Selectvestry members are responsible for making decisions on matters of general concern and importance to the parish including deciding how Parish fu nds are to be applied.
Trustees, Annual Report for the year ended 31 December 2022 {continuedl The select vestry meets at times fixed by the members or by the diocesan synod. Special meetings may be convened at any time by the chairperson or the churchwardens. In 2022 the Select Vestry meet 10 times during the year and the average attendance was 94.1%. Statement of Trustee5' Responsibilities The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and regulations. The law applicable to charities in the Northern Ireland require5 the trustees to prepare financial statements for each financial year. Under that law the trustee5 have prepared the f inancial stste ments in accordance with Generally Accepted Accounting Practice in the United Kingdom (accounting standards issued by the Financial Reporting Council in the UK including Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 "and promulgated by the Institute of Chartered Accountants in the United Kingdom and United Kingdom Lawl Under that law the trustees must not approve the financial state ments unless they are satisfied that they give a true and fair view of the state of the affair5 of the charity and of the statement of financial activities of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; make judgments and estimates that are reasonable and prudent state whether the financial stste ments have been prepared in accordance with applicable Accounting Stsndards and identify the standards in question, subject to any material departures being disclosed and explained in the financial statements,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Parish will continue as a going concern. The trustees are responsible for keeping accounting records that are sufficient to show and explain the Parish's transactions and discSose with reasonable accuracy at any time the f inancial position of the Parish and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008, the Charity (Accounts and Reports) Regulations (Northern Ireland) 2008 and the provision of the Constitution of the Church of Ireland. They are also responsible for safeguarding the assets of the Parish and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Statement as to disclosure to our examiners In so far as the trustees are aware at the timing of approving our trustees, annual report.. there is no relevant audit information of which the charitable examiner is unaware- and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant examination information and to establish that the charity's examiner is aware of that information. Independent Examiners The ex2miners, RLJddell & Company, have indicated their willingness to continue in office, and a re501ution conce rning their reappointment will be proposed at the Annual Easter Vestry Meeting. On Behalf of the Trustees Trustee I Trustee 2 16 March 2023
Independent Examiners Report to the Trustees of Drumglass Parish Church I report on the accounts of the Charityfor the year ended 31 December 2022, which are setouton pages 2 to 21. Respective responsibilities of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to.. examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Direction5 given by the Commission under section 6519llbl of the Charities Act • state whether particular matters have come to my attention. Basls of independent examiner's report I have examined your charity accounts as roquired under section 65 of the Charities Act and my examination was carried out in accordance with the ge neral Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to stste whether any material matters have come to my attention giving me cause to believo: l. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accou nting records 3. That the accounts do ntst comply with the accounting requirements of the Charities Act 4. That the re is further information needed for a pro per understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters111 to141 listed above and, in connection with following the Directions of the Charity Comm ission for Northern Ireland, I have found no matters that require drawing to your attention. Jonathan Ruddell For Ruddell & Company Dungannon 16 March 2023
Statement of Financial Activities for the year Ènded 31 December 2022 Unre5triLted Fund5 2022 Restricted Funds 2022 Total 2022 Total 2021 Note Income DonatlDn5 & legacies Other trading activities Investments Charitable activitie5 Other income 194,243.83 7,313.97 483.11 13,809.76 78,918.27 89,147.48 45.00 941.06 273,162.10 96,461.45 528.11 14,750.82 287,773.78 88,532.09 661.61 1,970.64 Total Income 215,850.67 169,051.81 384.902.48 378,938.12 Ex enditure on: Generating funds Charitsble activitie5 Other 244,769.83 14,377.64 259,147.47 27,285.91 183.00 272,055.74 14,560.64 286.616.38 246,553.06 10,999.96 257,553.02 Total Ex enditure 27,468.91 Net Incomel (Expenditure) before transfers 143,296.801 141,582.90 98,286.10 121,385.10 Transfers between fund5 11,984.01 111,984.011 Net Income/ (Expenditure} before other recognised gains and losses 131,312.791 129,598.89 98,286.10 121,385.10 Gain/lLossl on investments assets Net movement in funds 131,312.791 129,598.89 98,286.10 121,385.10 Reconciliation of funds: Total funds brought forward 426,206.76 299,678.68 725,885.44 604,500.34 Total funds carried forward 394,893.97 429,277.57 824,171.54 725,885.44
Statement of Financial Position as at 31 December 2022 Note 2022 2021 Fixed Assets Tangible Fixed Assets Investment Properties Investments li 12 13 950,182.37 571,869.83 Total fixed assets 950,182.37 571,869.83 Current Assets De btors Cash and cash equivalents Total Current assets 14 34,739.32 90,299.85 125,039.17 39,352.19 216,595.42 255,947.61 Creditors- amounts falling due within one year Creditors 15 251,050.00 251,050.00 101,932.00 101,932.00 Total creditors Net Current Assets 1126,010.831 154,015.61 Total net Asset5 824,171.54 725,885.44 The funds of the parish Unre5trirted funds General funds Designated funds Total unrestricted funds Restricted Funds Endowment Funds 364,138.42 30,755.55 394,893.97 429,277.57 382,107.90 44,098.86 4026,206.76 299,678.68 17 17 17 Total charity funds 824,171.54 725,885.44 The notes on page5 10 to 21 are an integral part of these financial Statements. The f inancial statements on pages 7 to 21 were approved by the Board of Trustees on 16 March 2023 and signed on its behalf by.. Trustee I V.s Trustee 2 ka-
Statement of Cash Flows for the year ended 31 Dember 2022 Total funds 2022 Total funds 2021 Note Cash flows from operating activtties: Net cash provided by (used in) operuting artivities Cash flows from investing artivities: Dividends, interest and rents from investments Proceeds from the sale of property, plant and equipme nt Purchase of property, plantand equipment Proceeds from sale of investments Purchase of investments 20 251,488.86 209,131.65 528.11 661.61 1378,3 12.541 1281,869.831 Net cash provided by (used in) investing ortivities Cash flows from financing artivities: Repayments of borrowing Cash inflows from new borrowing Receipt of endowment 1377,784.431 1281,208.221 Net cash provided by {u5ed in) finuncing artivitie5 Change in cash and cush equivolents in the reporting period Cash and cash equivalents at the beginning of the reporting period Change in Cash and cash equivalents due to exchange rate movements Cush and cash equivalents ut the end of the reporting period (126,295.571 172,076.571 216,595.42 288,671.99 21 90,299.85 216,595.42
Notes to the financial statements for the year ended 31 December 2022 l. Accounting policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statement5 are as follows., al Basis of preparation The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting by Charities.. Statement of Recomme nded Practice applicable to charities preparin g their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Parish meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost and transaction value unless otherwise stated in the relevant acco unting policy note. b) Preparation of acwunts on a going conrn basis The Parish generally meets its day to day working capital requirements from its anr)ual income. The Trustees have obtained and reviewed cash flow forecasts for the coming year and based on these are satisfied that the Parish has resourc es to provide a reasonable expectation that it can continue to meet its financial obligations as they fall due for the foreseeable future. Thèrefore, these financial ststements have been prepared on a going concern basis. c) Income Plate Collections and Weekly Envelopes income are accounted for on a cash receipts basis as the amount is collected. Income arising from the rental of Parish Centre facilities to third parties is recognised when the parish has entitlement to the funds, any performance conditions attached to the income havÈ been met, it is probable that the income will be received and the amount can be measured reliably. Income from government and other grants, whether 'capitsl' grants or'revenue, grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have bee n met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Legacies are included within income under either unrestricted or restrictod fund5 accord ing to the terms under which the donation is made and when the amount can be quantified with reasonab le certainty. Donations and gifts in kind are brought into the accounts at their fair value to the Parish. dl Expenditure Expenditure is recognised once the re is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. 10
Notes to the financial statements for the year ended 31 December 2022 l. Accounting policie5 {continuedl e) Tangible a55et5 The assets of the Parish comprise=_ Church Buildings Parish Centre Glebe House Fixtures and fittings The Church Buildings are deemed to be Heritage assets as def ined by the Charities SORP IFRS1021. These Heritage assets are not included on the balance sheet 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. The Parish Centre is physically attached to the church and is not se parable a5 an individual asset. As such it is deemed to be a Heritage asset and no value is ascribed to it in the balance sheet as information on the cost or valuation is not available and such information cannot be obtsined at a cost commensurate with the benef it to the users of the accounts and to the parish. The Glebe House is recognised at deemed cost, being the estimated fair value of the property at 31 Decembe r 2022. No depreciation has been provided on the glebe house as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. Fixtures and Fittings are recognised at cost and are depreciated on a straight line basis over a period of 5 years. The assets, residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively. The parish has set a minimum threshold of cost for an item to be considered to be ca pitalised as a fixed asset of not less than £1,000. Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the new disposal proceeds and the carrying amount is recognised in the statement of financial activities and included in 'Other operating Ilossesllgains,. n Inve5tment5 Fixed asset investments comprising investment properties, investments in equities 2nd investment in RCBICIT Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each balance sheet date. Investme nts in unquoted investments are recorded at cost and are assessed annually for impairment. Unrealised gains and losses represent the difference between the fair value at the beginning and end of the financial year or, if purchased in the year, the difference between cost and fair value at the end of the year. Realised gains and losses representthe difference between the proceeds on disposal and the fair value at the start of the year or cost if purchased in the year. Both realised and unrealised gains and losses in investments are reported within 'Net Gains / (Losses) on Investments" within the Statement of Financial Activitie5.
Notes to the financial statements for the year ended 31 December 2022 Icontinuedl l. Accounting policles {continuedl gl Cash and cash equivalents Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or le55 and bank overdraft5. Bank overdrafts are shown within Creditors Amounts falling due within l year. h) Financial instrument5 The Parish only has financial assets and financial liabilities of a kind that qualify as basic financial instrLJments. Basic financial instruments are initially recognised at transaction price and subsequently measured at their settlement value. il Funds Funds are classified as either restricted funds or unrestricted funds, defined 3s follows. Restricted funds are funds subject to specific requireme nts a5 to their use which may be declared by the donor or with their authority or created through legal processes. but still within the wider objects of the Parish. Endowment funds are funds which have been given on the condition that the original capital SLJM is not reduced, but the income there from is used for the purpose defined in accordance with the objects of t he Parish. Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts o f the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees, discretion to apply the fund. 12
Notes to the financial statements for the year ended 31 December 2022 (continued) 2. Critical accounting judgements and estimation uncertainty Estimates and judgments made in the process of preparing the financial statements are continua15y evaluated and are based on historical experience and other factor5, including expectations of future events that are believed to be reasonable under the circumstances. The Trustees do not consider that there are any critical judgments made in applying the Parish's accounting policies or that there are any critical accounting estimates or assumptions which may have a significant risk of causing a material adjustment to carrying amounts of assets and liabilities within the next financial year. 3. Donation5 and legacie5 Unrestricted Funds 2022 Restricted Funds 2022 Total Total 2021 2022 Plate Collections Weekly envelopes / FWO Tax recovered on Donation5 Legacies Endowment income Special Appeals Other 3,057.31 159,815.11 30,805.63 3,057.31 159,815.11 39,543.63 4,966.70 160,791.73 48,414.65 8,738.00 395.78 170.00 49,758.77 20,421.50 78,918.27 50,154.55 20,591.50 273,162.10 64,853.70 8,747.00 287,773.78 194,243.83 4. Other trading activities Rentals from Parish Centre Grants received Special Fund Raising 3,402.50 1,800.00 71,911.22 15,436.26 89,147.48 5,202.50 71,911.22 19,347.73 96,461.45 2,050.00 57,821.02 28,661.07 88,532.09 3,911.47 7,313.97 5. Investment5 Deposit interest Dividends received Rental Income - Investment 371.45 371.45 355.03 Properties Bank interest 111.66 483.11 45.00 45.00 156.66 528.11 306.58 661.61 6. Charitable artivlties WeddinES and funerals Magazine Other 3,760.00 2,196.25 7,853.51 13,809.76 3,760.00 2,196.25 8,794.57 14,750.82 20.00 1,950.64 1,970.64 941.06 941.06 13
Notes to the financial statements for the year ended 31 Dember 2022 {continuedl 7. Analysis of Expenditure U nrestrirted Funds 2022 Restrirted Funds 2022 Total 2022 Total 2021 Generating Funds Investment Manager's Fees Fundraising costs Other Charitable Activities Wages and Salaries Diocesan CostslAssessment Church Running Costs Grebe Costs Church and hall repairs Charitable donations Administration Costs 53,138.12 115,495.09 33,338.50 5,587.20 20,295.05 1,162.00 15,753.87 244,769.83 53,138.12 115,495.09 33,338.50 7,476.20 32,144.67 9,610.55 20,852.61 272,055.74 41,017.17 100,691.82 16,642.34 33,713.30 14,635.80 27,637.00 12,215.63 246,553.06 1,889.00 11,849.62 8,448.55 5,098.74 27,285.91 Other Costs Gifts to leaving Clergy Youthwork Clergy Gifts Other Total Expenditure 7,395.97 1,125.56 2,459.90 4,650.00 7,267.74 14,377.64 2,459.90 4,650.00 7,450.74 14,560.64 183.00 2,478.43 10,999.96 183.00 Administration costs of £20,852.61 were incurred during the year of which £1,140.00 relates to fees paid to the independent exarniner. 14
Notes to the financial statements for the year ended 31 December 2022 (continued) 8. Gain /ILoss) on Investment Assets 2022 20ZI Unreali5ed fair value gains / Ilossesl on investments Unrealised fair value gains / Ilossesl on investment properties Realised gains / (losses) on investments Realised gainslllossesl on investment properties 9. Taxation The Parish of Drumglass is recognised as a charity for the purpDses of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. 10.Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel Employees 2022 2021 Net salaries and wages PA YE and national insurance costs Work Place Pension Total 44,349.03 7,171.80 1,617.29 53,138.12 32,251.82 7,951.77 813.58 41,017.17 The average number of employees during the year, calculated on the basis of a head count, was as follows.. 2022 2021 Number Number Ministerial Support Administration Mu55C Staff Premises maintenance There are no employees in receipt of employee benefits in excess of £60,000 15
Notes to the financial statements for the year ended 31 Dember 2022 Icontinuedl 11. Tangible fixed assets Offi Equipment Buildings Total Cost At beginning of the year Additions Disposals At end of the year 571,869.83 378.312.54 571,869.83 378,312.54 950,182.37 950,182.37 Depreciation At beginning of the year Depreciation Disposals At end of the year Net book value at beginning of the year Net book value at end of the year 571,869.83 950,182.37 571.869.83 950,182.37 12. Investment Properties Balance at Beginning of the year Additions duringthe year Disposals during the year Fair Value Gains / (Losses) Balance at end of the year 16
Notes to the financlal statements for the year ended 31 December 2022 Icontinuedl 13. Investments Listed Investments Other Investments Total Balance at beginning of the year Additions duringthe year Disp05als during the year Fair Value gain / Ilossl on investments Balance at end of the year Analysis of Investments Equity Investments Other Listed Investments Investments in RB Unit Trusts Other unlisted investments 14. Debtors 2022 2021 Gift Aid 34,739.32 34,739.32 39,352.19 39,352.19 IS. Creditors Amounts Due wlthln l Year 2022 2021 Accruals and other creditors Taxation 2nd Social Security Bank Loans 1,050.00 1,050.00 250,000.00 251,050.00 IOQ,882.00 101,932.00 17
Notes to the financial statements for the year ended 31 Dember 2022 (continued) 16. Financial instruments The company has the following financial instruments,. 2022 2021 Loans and receivables held at amortised cost Investments Sundry debtors 34,739.32 39,352.19 Other receivables Investment in short term deposits 125,039.17 255,947.61 Financial liabilities measured at amortised cost Bank loans and ove rdrafts Accruals and other creditors 250,000.00 100,882.00 1,050.00 1,050.00 251,050.00 101,932.00 17. Analysis of Net Assets Among Funds Total 2022 Total 2021 General Deslgnated Restricted Fixed Assets Investments Current Assets Current Liabilities Net assets at 31 Dember 290,000.00 660,182.37 950,182.37 571,869.83 75,188.42 11,050.001 364,138.42 30,755.55 19,095.20 125,039.17 255,947.61 (250,000.001 1251,050.001 (101,932.001 429,277.57 824,171.54 725,885.44 30,755.55 18
Notes to the financial statements for the year ended 31 Dernber 2022 (continued) 18. Funds of the Parish Atljan 2022 At 31 Dec 2022 Income Expenditure Transfers Endowment funds None Restritted funds Building Fund Alc Building Fund No 2 A.C Renovations Loan A.C 4,500.83 114,190.02 (100,882.001 17,808.85 11,656.95 111,193.75 21.00 122,871.70 13,462.85 378,850.85 5,019.20 397,332.90 6,500.00 9,194.93 163,367.35 9,900.27 1144,119.801 1250,000.001 25,747.55 (230,904.801 Unrestricted funds Designated Cate ring A/c Designated Compassion Alc Designated St Eliz. Senior Citizen Club Designated St Eliz. Ladies Guild Alc Designated Bible Study Group Alc Designated Table Tennis Club A/c Designated A2J Youth Alc Designated Kid5 Zone A/c Designated Youth Alc Designated Badminton Alc Designated Bowling A/c Designated Select A/c- Bowling Designated Wages A.C General A/c General Fund Dan5ke Investment General Fund- non bank Designated St Elizabeths Bowling Designated Moyg3shel Rec Bowling 20,333.29 2,595.07 2,787.74 9,470.08 743.18 4,246.07 1,125.70 1,060.20 4.09 201.98 1,125.83 200.00 1,661.00 6,832.45 565.83 91.50 150.00 2,150.79 2,459.37 781.95 116,500.001 iioo.001 123.571 12,525.001 4,867.62 2,545.07 2,274.38 11,318.16 527.06 4,246.07 1,652.90 749.20 54.04 624.48 901.34 1.00 2,000.00 1,018.25 335.00 0.02 374.14 1312.001 11,920.001 30.05 595.75 513.05 259.16 105.00 743.05 259.18 97.09 8,503.99 31,945.11 983,871.69 685.00 36,902.91 223,894.56 37,000.00 137,979.391 13,087.591 30,518.29 23,287.42 610,172.02 612.00 147.25 239,859.65 11,745.28 14,612.871 1378,3 12.541 233.00 10.00 165.00 1150.001 1150.001 125,747.551 50.00 1110,716.521 112.25 708,076.59 262,030.78 1,055,076.34 Total funds 725,885.44 384,902.48 286,616.38 824,171.54 Pur s of Endowment Funds The charity does not have endowment fund5. os Pur Oses of Restr cted Funds Building Fund: This is a fund to provide for reparations to church property. Pur oses of Desi nated Funds Cate ring Account - The Trustees have set aside funds for catering at eve nts within the church. Compassion Account - The Trustees have set aside funds for compassionate relief with in the church. Building Fund Account- The Tru5teos have set aside funds for reparations to church property- St Elizabeth Senicr Citizen Club Account - The Trustees have set aside funds for the running of the senior citizen club within the parish. St Elizabeth Ladies Guild Accou nt- The Trustees have set aside fLJnds for the running of the ladies guild within the parish. St Elizabeth Sunday School Account- The Trustees have set aside funds for the running of the Sunday School within the parish. Bible Study Account- The Trustees have set aside funds for the running of the bible study within the parish. Table Tennis Club Account-The Trustees have sot aside funds for the runningof the table tennis club within the parish. 19