Re￿iptS and Payments Account for the year ended 31 December 2022
Unrestritted
Funds
202L
Restricted
Funds
2021
Endowrnent
Funds
2022
Totsl
2022
Total
2021
Recel
Donations & Plate collection
Proceeds from Fund Raising Events
Legacies
Charity Collections
Bank & Deposit interest
Investment income
Rental of premises
Churchy3rd Receipts
Grnnts
Other Receipts
30,779.42
4,993.11
2,426.00
33,205.42
4,993.11
32,320.84
953.79
2,133.63
86.26
354.04
840.00
4,445.00
2,133.63
139.73
354.04
840.00
4,445.00
1,183.50
143.08
345.48
350.00
4,175.00
2,585.00
7.612.10
38.82
14.65
6,824.02
6.824.02
Total Recei
ts
50,455.48
2,464.82
14.65
52,934.95
49,698.79
Pa
Wages and Salarie5
Diocesan Costs/Assessment
Church Running C05ts
Glebe Costs
Glebe Land Costs
Parish Centre Costs
Primary School Costs
Administration Costs
Fundraising Costs
Charitable Donations
1,680.00
20,537.86
9,310,55
8,685.90
1,680.00
20,537.86
9,310.55
8,685.90
2,120.00
20,160.92
10,649.90
8,347.20
1.243.64
8,411.98
2,195.12
1,243.64
8,987.25
2,226.52
1,572.06
7,554.96
2,378.75
135.24
982.00
575.27
31.40
3,777.20
3,777.20
Total Pa
ments
55.842.25
606.67
56,448.92
53,901.03
Excess of Payments over Receipts for
the year before transfers
-5,386.77
1,858.15
14.65
-3,513.97
4,202.24
Transfers
Excess of Payments over Receipts for
the year
-5.386.77
IA58.15
14.65
-3,513.97
4,202.24
On Behalf of the Trustees
Mr5 Louise 5ilvey
Mrs Sandra 5mlth
Date: L I, lis

Statement of A55ets and Liabilitles as at 31 December 2022
Unrestricted
Funds
2022
Restricted
Funds
2022
Endowment
Funds
2022
Totsl
2022
Cash Funds
Current Accounts
54,995.92
3.584.24
27,237.64
30￿21.88
58.580.16
36,968.03
95,548.19
Deposlt Accounts
Total Cash Funds
9,730.39
9,730.39
54,995.92
Investment Assets
Equity Investments
Other Listed Investments
Investments in RCB/ CIT
Unit Trusts
Other unlisted investments
Investment Properties
Total Investment Assets
36.032.85
36.032￿5
2.448.94
2,448.94
38,481.79
34.481.79
A%sets retained for the
Parish's ovm use
Glebe House
Primary School
Glebe Land
Total Assets retained for
the Parish's own use
200.000.1)O
80,000.00
30,(N)O.00
310.000.00
200,000.IXI
80,000.00
30,000.00
310.000.00
On Behalf of the Trustees
MTS Louise Silvey
Mrs Sandra Smlth 3cThr4
Date:

Notes to the financial statements for the year ended 31 December 2022
l. Accounting pollcles
Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and
Payments Account and the Statement of Assets and Liabilities
(al Receipts and Payments Account
All items of income and expenditure included within the Receipts and Payments Account have been accoijnted
for on a cash receipts basis.
(bl Statement of Assets and Liabilities
li) Assets retoinedfor the Parlsh's own use
The assets of the Parish, retained for its own use comprise:_
Church Building and Graveyard
Parish Centre
Glebe House
Primary School
Glebe Land
The Church Building and Graveyard are deemed to be Heritage a$5ets as defined by the Charities SORP IFR51021
These Heritage assets are not included in the 5tstement of assets and liabilities as information on the cost or
valuation is not available and such information cannot be obtained at a cost commensurdte with the benefit to
the user5 Of the aecounts and to the parish.
The Parish Centre was acquired in 1917, There are no reliable records of the c05t of this construction/
acquisition and valuation approaeh for such a building lacks sufficient reliability. As a result this building is not
recognised in the parish statement of assets and liabilities.
The Glebe House is recognised at deemed cost, which the Select Vestry deem to represent the estimated fair
value of the property at l January 2016. No depreciation ha5 been provided on the glebe house as the current
estimated residual value is not less than its carrying value and the remaining useful Ilfe currently exceeds 50
years.
The Primary School was acquired in 2012 and is recognised at cost, which the Select Vestry deem to represent
the estimated fair value of the property at l January 2016. No depreciation ha5 been provided on the primary
school as the current estimated residual value 15 not le55 than it5 Carrying value and the remaining useful life
currently exceed5 50 years,
The Glebe Land has been estimated at the current market rate for agricultural land of £10,000 per acre.
li) Investments
Fixed asset investments comprising investment properties, investments in equities (ordinary shares) and
investment in RCB/CIT Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at
each year end date. Investments in unquoted investments are recorded at cost and are assessed annually for
impairment.

Notes to the financial statements for the year ended 31 December 2022 (continued)
Reconciliation of Cash Funds
Total Cash Funds at Beginning of
the year
Receipts for the Year
Payments for the Year
Total Cash Funds at end of the
99,062.16
52.934.95
156,448.92}
95,548,19
year
3. Movement In Funds
Atljan
2022
Incoming
Resources
Outgoing
Resources
At310ec
2022
Transfers
Endowmentfunds
Historical Bequests & Legacies
9,715.74
14.65
-0.00
0.00
9,730.39
9,715.74
14.65
-0.00
9,730.39
Restrirted funds
Repair Fund
Primary School Account
30,972.82
3,990,91
2,264.82
200.00
-0.00
-606,67
-6,000.00
0.00
27,237.64
3,584.24
34,963.73
2,464.82
-606.67
-6,(JOO.00
30,821.88
Unrestricted funds
General Fund
54,382.69
50,455.48
-55.842.25
6.000.00
54.995.92
54.382.69
50.455.48
-55.842.25
6.000.00
54.995.92
Total funds
99,062.16
52,934.95
-56.448.92
95.548.19
Pur
oses of Endowment Funds
To provide income in the form of interest which is reinvested for use at the discretion of the trustees.
Pur
oses of Restricted Funds
Repair Fund: The purpose of this account is forthe maintenance and renewol of the church property.
Primary School Account: The purpose of this account for the maintenance and renewal of the old primary school
property.
Pur
05es of De51
nated Funds
General Fund: This fund covers all expenditure and receipt transactions except for those which require
separate fund accounting. This fund is to assist with all area5 of the Church Life alongside the maintenance
and upkeep of all the Church Assets.
10

Notes to the financial ststements for the year ended 31 Decernber 2022 (continued)
4. Collections for Third Parties
2022
2021
G.F.S Missions
Leprosy Mission
N.1 Children Hospice
R.B.L Poppy Appeal
Christain Aid
Hospice Sunday
171.30
0.00
404.43
93.50
763.00
230.00
471.40
0.00
196.50
353.00
39.00
85.00
510.00
0.00
rtd
2 Benburb Boys Brigade
2,133.63
1.183.50
4A. Charity Allocatlons from Church Funds
2.57
151.50
This is a sum allocated by the Trustees to the above various collections for third pa rties.
All payments out had not been completed by the year end.
4B. Charity Allocations from Church Funds
1.601.00
This is a sum allocated annually by the Trustees to 5UPPOrt a number of charities not included in Collections for third
parties.
The above amounts have been in¢luded in Receipts forthe Year under'charity Collections" and in Payments forthe year
under'charitable donations-
5. Grants
2022
2021
Co-operation North
Mid Ulster Council
2.385.00
200.00
2,585.IXI
The above grants were received to purchase equipment for the church, the Cost of this equipment has been included in
payments forthe year under'church Running Costs"
11

Notes to the financial statements for the year ended 31 December 2022 (continued)
6. Transactions wlth the Trustees
The parish paid expenses of £2,773 relating to the running costs of the glebe house which is occupied by the rector.
Mr David Walker, trustee, received a payment of £1,000 in respect of churchyard maintenance expenses. This has been
included in payments forthe year under"Wages & Salaries"
The Glebe land was let during the yearto MrAndrew Robinson, a trustee's son. The parish received a conacre of £350.
7. Governance Costs
There were no governance Costs incurred during the year.
12