KILDRESS PARISH CHURCH OF IRELAND
STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account)
for the year ended 31 December 2023
Note
Unrestricted
Funds
Restrirted
Funds
Total
2023
Total
2022
Receipts
Donations and legacies
Charitable activities
Other trading activities
Investment Income
Other
79496
785
23
14643
36218
1457
1460
94139
37003
1480
1460
4223
98619
3336
1477
171
3637
4223
Total Receipts
84527
53778
138305
107240
Payments
Raising funds
Charitable activities
Investment costs
Other
3208
85057
3208
92523
1014
89889
7466
Total Payments
88265
7466
95731
90903
Net receipts / Ipaymentsl
Transfers between funds
(3738)
10167
46312
(10167)
42574
16337
Net movement in funds
Funds brought forward
6429
2194
36145
162325
42574
164519
16337
148182
Funds carried forward
12
8623
198470
207093
164519

KILDRESS PARISH CHURCH OF IRELAND
STATEMENT OF ASSETS 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
2194
6429
162325
36145
164519
42574
148182
16337
Bank and Cash at end of year
8623
198470
207093
164519
Bank & Cash Balances
Bank Deposit Accounts
Bank Current Account5
Cash in Hand
43153
155317
43153
163940
42942
121577
8623
207093
164519

KILDRESS PARISH CHURCH OF IRELAND
NOTES TO THE ACCOUNTS
31 December 2023
ACCOUNTING POLICIES
BA51S 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 Report5 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
2023
Total
2022
Recorded giving=
Freewill Offering & Loose collections
Donations and gifts
Gift Aid
Legacies and bequest
63707
1025
14764
9373
4270
73080
5295
14764
I￿0
67948
8841
11830
ioooo
79496
14643
94139
98619

KILDRESS PARISH CHURCH OF IRELAND
NOTES TO THE ACCOUNTS
31 December 2023
CHARITABLE ACTIVITIES
Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
Income from charitable activities
Fundraising events
9285
26933
9285
1396
1940
785
27718
785
36218
37003
3336
OTHER TRADING ACTIVITIES
Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
Land Lettings
NIE Wayleave
1457
1457
23
1457
20
23
23
1457
1480
1477
INVESTMENT INCOME
Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
Deposit interest
Bank Interest
215
1245
215
1245
107
64
1460
1460
171

KILDRESS PARISH CHURCH OF IRELAND
NOTES TO THE ACCOUNTS (cont'd)
31 December 2023
OTHER INCOME
Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
Magazines
Insurance Claim
Sustentation Account Income
Altedesert Contribution
Other Income
173
173
315
838
3212
838
3212
803
2019
5CK)
4223
4223
3637
RAISING FUNDS
Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
FWO envelopes & Printing Reports
Fundraising events
1043
2165
1043
2165
1014
3208
3208
1014
CHARITABLE ACTIVITIES
Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
Diocese of Armagh Contribution
Congregational running expense5
Donations to Missions and charities
52288
32769
52288
36273
3962
49854
37357
2678
3504
3962
85057
7466
92523
89889

KILDRESS PARISH CHURCH OF IRELAND
NOTES TO THE ACCOUNTS {cont'd)
31 December 2023
OTHER EXPENDITURE
Unrestricted
Funds
Restrirted
Funds
Total
2023
Total
2022
Investment properties expenses
10. FIXED ASSETS
The congregation owns the Church premises situated at 6 Wellbrook Road, Cookstown, BT80 9RX and
the associated fixtures, fittings, plant and machinery.
11. INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation.
2023
2022
Property
Other investments

KILDRESS PARISH CHURCH OF IRELAND
NOTES TO THE ACCOUNTS (convd)
31 December 2023
12. FUND BALANCES
Fund
Balance at
start
Receipts
Payment
Surplus /
(Deficit)
Transfer Balance at
end
Unrestritted Funds
No. l Account
2194
84527
88265
{3738}
10167
8623
2194
84527
88265
{3738)
10167
8623
Restricted Funds
Building Fund (No. 3 Account)
Glebe Account
Business Reserve Account
Missions/Charities (From No. l Acc)
114834
11998
35493
51076
1630
1072
5753
45323
1630
1072
{1713)
191880)
68277
13628
116565
80000
1713
1713
162325
53778
7466
46312
110167)
198470
Total
164519
138305
95731
42574
207093