Receipt5 and Payments Account for the year ended 31 December 2023
unrestric￿ Restricted
Funds
Funds
2023
2023
Endowment
Fund5
2023
Total
2023
Total
2022
Recei
Donations & Plate collection
Proceeds from Fund Raising Events
Legacies
Charity Collections
Bank & Deposit interest
Investment income
Rental of premises
Churchyard Receipts
Grants
Other Receipts
28,203.10
8,458.10
4,011.50
32,099.60
8,458.10
33,205.42
4,993.11
2,471.81
120.05
364.08
1,085.00
5,355.00
10,083.00
6,465.01
2,586.81
552.51
364.08
1,085.00
5,355.00
10,083.00
6,465.01
2,133.63
139.73
354.04
840.00
4,445.00
359.48
72.98
6,824.02
Total Recei
62,605.15
4,370.98
72.98
67,049.11
52,934.95
Pa
ments
Wages and Salaries
Diocesan Costs/Assessment
Church Running Costs
Glebe Costs
Glebe Land Costs
Parish Centre Costs
Primary School Costs
Administration Costs
Fundraising Costs
Charitable Donations
2.590.00
19.984.68
6,169.38
5,715.41
2.590.00
19,984.68
6,169.38
5,715.41
1,680.00
20,537.86
9,310.55
8,685.90
1.434.38
956.65
1,177.06
11.029.63
3,348.60
1,434.38
1,206.74
1,207.31
11,029.63
3.348.60
1,243.64
8.987.25
2,226.52
250.09
30.25
3,777.20
Total Pa
ments
52.405.79
280.34
52.686.13
56,448.92
Surplus of Receipts over Payments for
the year before transfers
10.199.36
4,090.64
72.98
14,362.98
-3,513.97
Transfers
Surplus of Receipts over Payments for
the year
10,199.36
4,090.64
72.98
14.362.98
-3.513.97
On Behalf of the Trustees
Mrs Louise Silvey
Mrs Sandra Smtth
Date.. Is I,. I

Statement of Assets and Liabilities as at 31 December 2023
Unrestrlrted
Funds
2023
Restrirted
Funds
2023
Endowment
Funds
2023
Total
2023
Cash Funds
Current Accounts
Deposit Accounts
Total Cash Funds
65,195.28
3.303.90
31.608.62
34.912.52
68,499.18
41,411.99
109,911.07
9.803.37
9.803.37
65,195.28
Investment Assets
Equity Investments
Other Listed Investments
Investments in RCB / CIT
Unit Trusts
Other unlisted investments
Investment Properties
Total Investment Asset5
37,116.17
37,116.17
2.590.96
2,590.96
39.707.13
39,707.13
Assets retained for the
Parish's own use
Glebe House
Primary School
Glebe Land
Total Assets retained for
the Parish's own use
200,000.1)O
80.000.00
30,000.00
310,000.00
200,000.00
80,000.00
30,000.00
310,000.00
On Behalf of the Trustees
Mrs Louise Silvey
Mrs Sandra Smith
Date: 2s 1% <

Notes to the financial statements for the year ended 31 December 2023
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
(a) Receipt5 and Payments Account
All item5 Of income and expenditure included within the Receipts and Payments Account have been accounted
for on a cash receipts basis.
(b) Statement of Assets and Llabilltles
li) Assets retainedfor the Parish'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 a55ets as defined by the Charities SORP {FRS1021
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.
The Parish Centre wa5 acquired in 1917. There are no reliable records of the cost of this construction/
acquisition and valuation approach 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 deern to represent the estimated fair
value of the property at l January 2016. 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.
The Primary School was acquired in 2012 and 15 recognised at cost, which the Selert Vestry deem to represent
the estimated fair value of the property at l January 2016. No depreciation has been provided on the primary
school as the current estimated residual value is not less than its carrying value and the remaining useful life
currently exceeds 50 years.
The Glebe Land has been estimated at the current market rate for agricultural land of £10,000 per acre.
ii) Investment5
Fixed asset investments comprising investment properties, investments in equities {ordinary shares} and
investrfjent in RCBICIT Unit Trusts are initially recorded at cost and are then subsequently sraied at falr 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 2023 (continued)
Reconclllatlon of Cash Funds
Total Cash Funds at Beginning of
the year
Receipts for the Year
Payments for the Year
Tolal Cash Funds at end of the
year
95,548.19
67.049.11
152,686.13)
109,911.17
Movement in Fund5
Atljan
2023
Incoming
Resources
Outgoing
Resource5
At 310ec
2023
Transfers
Endowment funds
Historical Bequests & Legacies
9,730.39
72.98
-0.00
0.00
9,803.37
9,730.39
72.98
4).00
0.00
9,803.37
Restrlrted funds
Repair Fup.d
Primary School Account
27,237.64
3,584.24
4,370.98
0.00
31,608.62
3,303.90
-280.34
0.00
30,821.88
4.370.98
-280.34
0.00
34,912.52
Unrestricted funds
General Fund
54,995.92
62,605.15
-52.405.79
0.00
65,195.28
54,995.92
62,605.15
-52.405.79
65.195.28
Total funds
95,548.19
67,049.11
-52,686.13
0.00 109,911.17
Pur
05es 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 Restritted Funds
Repair Fund: The purpose of this account is for the maintenance and renewal of the church property.
Primary School Account: The purpose of this account for the maintenance and renewal of the old primary school
property.
Pur
oses of Des1
nated Funds
General Fund: This fund covers all expenditure and receipt transartion5 except for those which require
separate fund accounting. This fund is to a55iSt with all areas of the Church knfe alongside the maintenance
and upkeep of all the Church Assets.
10

Notes to the financlal statements for the year ended 31 December 2023 (continued)
Collections for Third Parties
2023
2022
G.F.S Missions
Ministry Training Fund
N.1 Children Hospice
R.B.L Poppy Appeal
Chri5tain Aid
Hospice Sunday
2, Benburb Boy5 Brigade
Benburb LOL No.4
126.20
311.60
499.71
240.40
293.50
245.00
458.40
297.00
171.30
0.00
404.43
93.50
763.00
230.00
471.40
0.00
2,471.81
2,133.63
4A. Charity Allocations frorn Church Funds
3.50
151.50
This is a sum allocated by the Trustees to the above variou5 collections for third parties.
All payments out had not been completed by the year end.
4B. Charity Allocatlons from Church Funds
1.601.00
This is a sum allocated annually by the Trustees to support a nurnber of charities not included in Collections for third
parties.
The above amounts have been included in Receipts for the Year under"Charity Collertions" and in Payments for the year
under "Charitable donations".
5. Grants
2023
2022
Community Fund
Mid Ulster Council
Energy Support Scheme
7,383.00
1,500.00
1.200.00
10,083.00
The above grants received from the National Lottery Community Fund and Mid Ulster Council were in relation to our
community event organised in November 2023 to cover expenses for our Flower Festival. Santa's Grotto and Christmas
tree light switch on, the cost of these events has been included in payments for the year under"Fundraising Costs"
11

Notes to the financial statements for the year ended 31 December 2023 (¢ontlnued}
6. Transactions with the Trustees
The parish paid expenses of £1,609 relating to the running costs of the glebe house which was occupied by the former
Rector Incumbent. {Vacant from 6 July 2023.}
The Parish reimbursed £905.38 to S trustees in respect of minor running cost expenses incurred on behalf of the Parish
during the year.
Mr David Walker, trustee, received a payment of £1.500 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 Mr Andrew Robinson, a trustee's son. The parish received a conacre of £350.
7. Governance Costs
There was no governance costs incurred during the year.
12