Receipts and Payments Account for the year ended 31 December 2022 Unrestricted Funds 2022 Restrirted Funds 2022 Endowment Funds 2022 Total 2022 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 18,610 1.513 18,610 1.513 1,660 181 846 1,660 181 4,200 4,200 400 325 325 Total Recei 23,535 4.200 27,735 Pa ments Wages and Salaries Diocesan Costs/Assessment Church Running Costs Glebe Costs Parish Centre Costs Administration Costs Charitable Donations l.S60 22,047 6,282 2,765 345 655 4,611 1,560 22,047 6,282 2,858 345 686 4.611 93 31 Total Pa ments 38.265 124 37,979 Excess of Payments over Receipts for the year before transfers -14.730 4.076 -10,654 Transfers Excess of Payments over Receipts for the year -14,730 4,076 -10,654 On Behalf ot the Trustees Trevor Knlpe Maurice Knipe Date: 90 o.lu 26L3
Statement of Assets and Liabilities a5 at 31 December 2022 Unrestricted Funds 2022 Restricted Funds 2022 Endowment Funds 2022 Totsl 2022 Cash Funds Current Accounts Deposit Accounts Totsl Cash Funds 67,193.73 24,459.72 1,532.04 25,991.76 91,653.45 1,532.04 93,185.49 67,193.73 Investment Assets Equity Investments Other Listed Investments Investments in RCB / CIT UnitTrusts Other unlisted investments Investment Propertie5 Total Investment A55ets 38.313.64 38,313.64 38.313.64 38,313.64 Assets retained for the Parish's own use Glebe House Parish Hall Glebe Land Total Assets retained for the Parish's own use 383.115.19 260,000.00 643,115.19 383,115.19 Z60,000.00 643,115.19 On Behalf of the Trustees Trevor Knipe Maurice Knipe Date:
Notes to the financial statements for the year ended 31 December 2022 l. Accounting policies 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. Ib} Statement of Assets and Liabilities {il 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 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 liabilities as information on the cost or valuation 15 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 built in the 1980's. The Insurance value has been used as it is not cost commensurate to have this professionally valued. The Glebe Land has been estimated at the current market rate for agricultural land of £10,000 per acre. ii) Investments Fixed asset investments comprising investment properties, investments in equities (ordinary sharesl and investment in RCB/CIT Unit Trusts are initially recorded at C05t 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 forthe Year Total Cash Funds at end of the 103,839.55 27.734.81 138,388.871 93,185.49 year Movement in Funds Atljan 2022 Incoming Resources Outgoing Resource5 At 31 Dec Transfers 2022 Restricted funds Legacies Account Land Account 1,532.04 20,383.48 0.00 4.200.00 1,532.04 24,459.72 -123.76 0.00 21,915.52 4.200.00 -123.76 25,991.76 Unrestrirted funds General Fund 81.924.03 81,924.03 23,534.81 23.534.81 -38,265.11 -38,265.11 67,193.73 67,193.73 Total funds 103,839.55 27,734.81 -38,388.87 0.00 93,185.49 Pur 0se5 of Restritted Funds LeEacies Account: This is money on hold for major upgrading of the church hall. Land Account.. This is a bank account for the maintenance of the Glebe Land. 4. Collethons for Third Partie5 2022 Diocesan Hospice Appeal Christian Aid Leprosy Earl Haig Childrens Hospice Simon Community Tear Fund Lenten Lunch 404.00 200.00 270.00 238.80 138.00 64.50 loo.00 245.00 1,660.30 10
Notes to the financial statements for the year ended 31 December 2022 {continued) 4A. Charity Allocations from Church Funds 2,951 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 forthe Year under'charity Collections" and in Payments forthe year under"Charitable donations". 5. Grants 2022 2021 RCB-Safe Return fund 3,254.24 3,254.24 6. Transartions with the Trustees The parish paid expenses of £2,666.46 relating to the running costs of the glebe house which is occupied by the rector. 7. Governance Costs There were no governance costs incurred during the year.