ST. COLMAN'S PARISH CHURCH, ARDBOE CHURCH OF IRELAND STATEMENT OF FINANCIAL A1VITy (Receipts and Payments Account) for the year ended 31 December 2023 Note Unrestricted Funds Restricted Funds Total 2023 Totsl 2022 Receipts Donations and legacies Charita ble activities Other trading activities Investment Income Other 16359 1200 2077 224 22 16359 6520 2077 224 424 15541 53064 2077 61 152 5320 402 Total Receipts 19882 5722 25604 70895 Payments Raising funds Charitable activities Investment costs Other 16654 6246 22900 74140 Total Payments 16654 6246 22900 74140 Net receipts / (payments) Transfers between funds 3228 (1183) {524) 1183 2704 (3245) Net movement in funds Funds brought forward 2045 37889 659 966 2704 38855 {3245) 421(J) Funds carried forward li 39934 1625 41559 38855
ST. COLMAN'S PARISH CHURCH. ARDBOE CHURCH OF IRELAND STATEMENT OF ASSEfs AND LIABILITIES As at 31 December 2023 Unrestricted Funds Restricted Total Funds Total Funds Funds 2023 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 37889 2045 966 659 38855 2704 421(M) {3245) Bank and Cash at end of year 39934 1625 41559 38855 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 16801 23133 16801 24758 3712 35143 1625 41559 38855 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 2023 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 {b) 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 Restrirted Funds Total 2023 Total 2022 Recorded giving: FWO Loose collections Donations and gifts Gift Aid Legacies and bequest 8891 2494 2092 2882 8891 2494 2092 2882 8947 2095 1831 2668 16359 16359 15541
ST. COLMAN'S PARISH CHURCH. ARDBOE CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Total 2023 Total 2022 Income from charitable activities Grants 2776 1200 5320 6520 50288 12CMJ 5320 6520 53064 4. OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Total 2023 Total 2022 Land Letti ngs Farm Income 1692 385 1692 385 1692 385 2077 2077 2077 INVESTMENT INCOME Unrestricted Funds Restricted Funds Total 2023 Total 2022 Deposit interest RCB Income Bank Interest 47 47 32 169 169 20 224 224 61
ST. COLMAN'S PARISH CHURCH. ARDBOE CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER INCOME Unrestrirted Funds Restrirted Funds Total 2023 Total 2022 Magazines Heat & Light Contribution Other Income 22 22 402 52 loo 402 22 402 424 152 RAISING FUNDS Unrestrlcted Funds Restricted Funds Total 2023 Total 2022 FWO envelopes Fundra ising events CHARITABLE ACTIVITIES Unrestrirted Funds Restricted Funds Total 2023 Total 2022 Diocesan Assessments Ministry and support Staff costs Congregational running expenses Donations to Missions and charities 10896 1490 4268 10896 1490 8929 1585 10156 1065 61586 1333 4661 1585 16654 6246 22900 74140
ST. COLMAN'S PARISH CHURCH, ARDBOE CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER EXPENDITURE Unrestrirted Funds Restricted Funds Total 2023 Total 2022 Investment properties expenses 10. FIXED ASSETS The congre8ation 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 2023 11. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Deficit) Transfer Balance at end Unrestricted Funds No. l Account 37889 19882 16654 3228 111831 39934 37889 19882 16654 3228 (11831 39934 Restricted Funds Community Group Account No. l Account- Missions/Charities 966 5722 4661 1585 1061 11585) 1402} 1585 1625 966 5722 6246 15241 1183 1625 Total 38855 25604 22900 2704 41559