Receipts and Payments Account for the year ended 31 December 2024
Unrestricted
Funds
2024
Restricted
Funds
2024
Endowment
Funds
2024
Total
2024
Totsl
2023
Note
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
28,333.99
3,830.98
3,322.00
31,655.99
3,830.98
32,099.60
8,458.10
2,791.87
110.16
388.32
2,791.87
990.74
388.32
2,586.81
552.51
364.08
1,085.00
5,355.00
10,083.00
6,465.01
531.61
348.97
670.00
5,300.00
670.00
5,300.00
3,375.82
3,375.82
Total Recel ts
44,801.14
3,853.61
348.97
49,003.72
67,049.11
ments
Wages and Salaries
Diocesan Costs/Assessment
Church Running Costs
Glebe Costs
Glebe Land Costs
Parish Centre Costs
Primary School Costs
Administration Cost5
Fundraising Costs
Charitable Donations
2,940.00
13,794.32
12,766.05
5,063.86
2,940.00
13,794.32
12,766.05
5,063.86
2,590.00
19,984.68
6,169.38
5,715.41
1,673.26
3,717.92
1,168.65
746.06
5,288.10
1,673.26
4,137.62
1,198.85
746.06
5,288.10
1,434.38
1,206.74
1,207.31
11,029.63
3,348.60
419.70
30.20
Total Pa
ments
47,158.22
449.90
47,608.12
52,686.13
Surplus of Recelpts over Payments for
the year before transfers
12,357.081
3,403.71
348.97
1,395.60
14,362.98
Transfers
Surplus of Receipts over Payments for
the year
{2,357.08)
3,403.71
348.97
1.395.60
14,362.98
On Behalf of the Trustees
Mrs Louise Silvev
Mrs Sandra smith
Date: l itr I xr

Statement of Assets and Liabilities as at 31 December 2024
Unrestritted
Funds
2024
Restricted
Funds
2024
Endowment
Funds
2024
Total
2024
Cash Funds
Current Accounts
Deposit Accounts
Total Cash Funds
61,454.20
2.854.00
35.462.23
38,316.23
64,308.20
45,614.57
109,922.77
10,152.34
10,152.34
61,454.20
Investment Assets
Equity Investments
Other Listed I nvestments
Investments in RCB / CIT
Unit Trusts
Other unlisted investments
Investment Properties
Total Investment Assets
37,692.80
37.692.80
2,679.24
2,679.24
40,372.04
40,372.04
Assets retained for the
Parish's own use
Glebe House
Primary School
Glebe Land
Total Assets retained for
the Parish's own use
200.000.00
80.000.00
30.000.00
310.QOO.00
200.000.00
80.000.00
30.000.00
310.000.00
On Behalf of the Trustees
Mrs Louise Silvey
-iJ
Mrs Sandra Srnith
Date: Lq 114lxs-

Notes to the financial statèrnents for the year ended 31 December 2024
l. Accountlng 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
la) 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.
(b) Statement of Assets and Llabilitles
(i) A55et5 retoinedfor the Purish'5 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 assets as defined by the Charities SORP IFRS102)
These Heritage assets are not included in the statement of assets and liabilitie5 a5 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 was acquired in 1917. There are no reliable records of the cost of this construction/
acquisition and valuation approach for such a bui Iding 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 life currently exceeds 50
vears.
The Primary School was acquired in 2012 and is re¢ogni5ed at C05t, which the Select 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) Investrnents
Fixed asset investments comprising investment properties, investments in equities lordinary 5h?res1 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 ¢05t and are assessed annually for
impairment.

Notes to the financial statements for the year ended 31 Decernber 2024 (contlnued)
Reconcillation of Cash Funds
Total Cash Funds at Beginning of
the year
Prior year adjustment
Receipts for the Year
Payment5 forthe Year
Total Cash Funds at end of the
109,911.17
11,384.001
49,033.72
{47,608.121
109,922.77
year
Movement in Funds
Atljan
2024
Incoming
Resources
Outgoing
Resources
At 31 Dec
2024
Transfers
Endowment funds
Historical Bequests & Legacies
9,803.37
348.97
{o.00)
0.00
10,152.34
9A03.37
348.97
{o.00)
0.00
10,152.34
Restrlrted funds
Repair Fund
Primary School Account
31,608.62
3,303.90
3,853.61
0.00
{o.00)
1449.90)
0.00
0.00
35.462.23
2,854.00
34,912.52
3.853.61
1449.90)
0.00
38,316.23
Unrestrirted funds
General Fund
Prior year adjustment
65,195.28
{1,384.001
63.811.28
44.801.14
147,158.22)
0.00
61,454.20
44￿01.14
(47,158.221
0.00
61.454.20
Total funds
108,527.17
49,003.72
(47,608.12)
0.00 109,922.77
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 renewal of the church property.
Primary School Account: The purp05e of this account forthe maintenance and renewal of the old primary school
property.
Pur
Oses of Desi
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 areas of the Church Life alongside the maintenance
and upkeep of all the Chur¢h A55ets.
10

Notes to the financial statements for the year ended 31 December 2024 (continued)
4. Collertions for Third Parties
2024
2023
G.F.S Missions
Ministry Training Fund
N.1 Children Hospice
R.B.L Poppy Appeal
Christain Aid
Hospice Sunday
2. Benburb Boys Brigade
Benburb LOL No.4
Motherfs Union
Bowling club
147.50
126.20
311.60
499.71
240.40
293.50
245.00
458.40
297.00
667.50
301.27
136.00
320.00
468.60
492.00
259.00
2.791.87
2A71.81
4A. Charity Allocations from Church Funds
22.73
3.50
This is a sum allocated by the Trustees to the above various collections for third parties.
All payments out had not been completed by the yearend.
4B. Charlty Allocatlons frorn Church Funds
0.00
This is a sum allocated annually by the Trustees to support a number of charities not included in Collections for third
parties.
The above amounts have been included in Receipts for the Year under "Charity Collections" and in Payment5 for the year
under'cha ritable donations"
5. Grants
2024
2023
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 U15ter 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 5Wltch 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 2024 Icontinuedl
6. Transactions with the Trustees
The parish paid expenses of £1,688 relatinE to the running costs of the glebe house which was unoccupied during the
vacancy.
The Parish reimbursed £462.79 to 3 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"
Mr Paul Robinson, trustee, mceived a payment of £120 in respect of duties as Church Organist. This has been included in
payments forthe year under'wages & Salaries"
The Glebe land was let during the year to MrAndrew Robinson, a trustee's son. The parish received a eonacre of £350.
7. Governance Costs
There was no governance costs incurred during the year.
12