ST. COLMAN'S PARISH CHURCH, ARDBOE CHURCH OF IRELAND STATEMENT OF FINANCIAL AcfiviTY (Receipts and Payments Account) for the year ended 31 December 2022 Note Unrestrirted Funds Restricted Funds Total 2022 Total 2021 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 15541 15541 53064 2077 61 152 17206 420 2077 68 53055 2077 61 152 Total Receipts 17840 53055 70895 19815 Payments Raising funds Charitable activities Investment costs Other 16623 57517 74140 20829 Total Payments 16623 57517 74140 20829 Net receipts / Ipaymentsl Transfers between funds 1217 12627) 144621 2627 13245) {1014) Net movement in funds Funds brought forward 114101 39299 118351 2801 132451 42100 11014) 43114 Funds carried forward li 37889 966 38855 42100
ST. COLMAN'S PARISH CHURCH, ARDBOE CHURCH OF IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022 Unrestricted Funds Restricted Total Funds Total Funds Funds 2022 2021 Funds Reconciliation Bank and Cash at start of year Net movement in funds 39299 11410} 2801 118351 42100 132451 43114 11014) Bank and Cash at end of year 37889 966 38855 42100 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 3712 34177 3712 35143 18033 24067 966 38855 42100 Other Assets Fixed Assets- Note 10 Church Premises Fixtures, Fittings & Equipment Vehicles Investments- Note 11 Gift Aid receivable on donations Liabilities Loans Other
ST. COLMAN'S PARISH CHURCH, ARDBOE CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2022 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provisions in The Charities (Accounts and Reports Regulations {Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's discretion. the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise {al income from endowments which is to be expended only on the restricted purposes intended by the donor and Ib) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis. Unrestricted funds are income funds which are to be spent on the congregation's general purposes. Designated funds are general funds set aside by the congregation for use in the future. DONATIONS AND LEGACIES Unrestricted Funds Restricted Funds Total 2022 Total 2021 Recorded giving.. FWO Loose collections Donations and gifts Gift Aid Legacies and bequest 8947 2095 1831 2668 8947 2095 1831 2668 8755 1952 3229 3270 15541 15541 17206
ST. COLMAN'S PARISH CHURCH, ARDBOE CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2022 CHARITABLE AcfiviTIES Unrestrirted Funds Restricted Funds Total 2022 Total 2021 Income from charitable activities Grants 2767 50288 2776 50288 420 53055 53064 420 4. OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Total 2022 Total 2021 Land Lettings Farm Income 1692 385 1692 385 1692 385 2077 2077 2077 INVESTMENT INCOME Unrestricted Funds Restrirted Funds Totsl 2022 Total 2021 Deposit interest RCB Income Bank Interest 32 32 45 20 20 14 61 61 68
ST. COLMAN'S PARISH CHURCH, ARDBOE CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 OTHER INCOME Unrestricted Funds Restricted Funds Total 2022 Total 2021 Magazines Heat & Light Contribution Other Income 52 loo 52 loo 152 152 44 RAISING FUNDS Unrestricted Fund5 Restricted Funds Total 2022 Total 2021 FWO envelopes Fundraising events CHARITABLE A1VITIEs Unrestricted Funds Restricted Funds Total 2022 Total 2021 Diocesan Assessments Ministry and support staff costs Congregational run ning expenses Donations to Missions and charities 10156 1065 5402 10156 1065 61586 1333 12783 935 5851 1260 56184 1333 16623 57517 74140 20829
ST. COLMAN'S PARISH CHURCH, ARDBOE CHURCH OF IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2022 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Total 2022 Total 2021 Investment properties expenses 10. FIXED ASSETS The congregation owns the Church premises situated at 207 Ballymaguire Road, Dungannon, BT715AY and the associated fixtures, fittings, plant and machinery.
ST. COLMAN'S PARISH CHURCH, ARDBOE CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 11. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Deficit) Transfer Balance at end Unrestricted Funds No. l Account 39299 17840 16623 1217 12627) 37889 39299 17840 16623 1217 12627) 37889 Restricted Funds Community Group Account No. l Account- Missions/Charities 2801 53055 56184 1333 {31291 11333) 1294 1333 966 2801 53055 57517 144621 2627 966 Total 42100 70895 74140 13245) 38855