Recelpts and Payments Account for the year ended 31 December 2022 Unrestrlcted R88trictsd Endowrnent Funds Funds Funds 2022 2022 2022 Totsl Total Nots 2022 2021 Recei Envelope and plate collections other donations Gift Aid Grants Fundraising Missions and charity donats'ons Bank Interest Investment Income Total Recei 46,297 150 12,601 1,510 4,751 23,245 1,782 51,048 23,395 14,383 1,510 14,915 1,488 447 8,235 115,421 52,014 1,010 8,941 20,050 14,915 1.488 40 880 192 424 10,632 93,262 407 7,355 68.320 47,101 Pa Diocesan Assessment Property maintenance Church running costs Rectory costs Missions and charity donations Sunday School SPARK Other church events Fundraising Costs Financial Charges Other Items Administration costs Total Pa ments ments 47,468 764 4,437 3,059 209 47,468 16,831 4,551 3,059 3,247 533 3,175 289 5,019 428 46,085 23,361 3,797 3,255 1,742 697 1.943 165 16,067 114 3,038 533 3,175 289 5,019 419 173 107 6,667 87,992 6,892 63,248 6,892 91,492 28,244 Excess of Recelpts over Payments for the year before transfers Transfers Excess of Receipts over Payments for the year 5,072 18,857 23,929 5,270 -1,550 450 -2,000 3,522 18,407 21,929 5,270 Signed on Behalf of the Trustees Trustee 1 Trustee 2 Date Statement of Assets and Liabilities as at 31 December 2022 Unrestricted Restricted Endowment Funds Funds Funds 2022 2022 Total Total Notes 2022 2022 2021 Cash Funds Current Accounts Deposit Accounts Total Cash Funds 59,503 17,192 76,695 97,046 26,567 123,613 156,549 43,759 200,308 134,740 43,639 178,379 Investment Assets Investments in RCB Unit Trusts Investments in CIT Unit Trusts Total Investment Assets 167,480 167,480 178,383 93,116 93,116 104,002 260,596 260,596 282,385 Assets retsined for the Parish's own use Rectory Fixtures & Fittings Total Assets retained for the Parish's own u8e Total Assets 175,000 5,000 175,000 5,000 175,000 5,000 180,000 180,000 180,000 256,695 123,613 260,596 640,904 640,764 Signed on Behalf of the Trustees Trustee 1 Trustee 2 Date: IY T¥Ly l•L3 Notes to the financial statements for the year ended 31 December 2022 1. 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 (a) Receipts and Payments Account All items of income and expenditure included within the Receipts and Payments Account have been aC￿Unted for on a cash re￿IPtS basis. The breakdown of the items of receipts and payments has been re-classified from the previous year in a more meaningful way. (b) Statement of Assets and Liabllitl88 This year's report has been updated to reflect the complete analysis of assets and liabilities at 31 December 2022. {1) Assets retained for the Parlsh's own use The assets of the Parish, retsined for its own use comprise:. Church BuiSdings and Graveyard Church Hall Rectory Fixtures and fittings The trHo Church Buildings and Graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS102). These Heritage assets are not included in the statement of assets and liabilities as 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 Church Hall is not included in the statement of assets and liabilities as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefits of the users of the accounts and to the parish. The Rectory is valued at domestic rateable value. Fixtures and Fittings in the churches are recognised at an estimate valuation provided by the Trustees. ii) Investments Fixed asset investments comprising investment in RCBICIT Unit Trusts are ststed at fair value at each year end date. iii) Endowment Funds The capital of Endowment Funds are to be retained either pennanently 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. 10 Notes to the financlal statements for the year ended 31 December 2022 (continued) 2. Envelope and Plate Collectlons Unre8trlcted 2022 Restrlct•d 2022 Total 2021 Freewill Envelopes Building Fund Envelopes Loose Collections Moyletra- Harvest Thanksgiving Moyletra- Carol Service SPARK Collection Sunday School TOTAL 45,299.72 42,122.77 5,270.00 628.20 3,395.00 500.00 25.00 72.72 4,665.00 488.05 509.50 20.00 66.00 46 297.27 4 751.00 52 013.69 3. Gfft Ald Unre8trlctod 2022 Re8trlcted 2022 Total 2021 Freewill Offering Building Repair Fund Harvest Appeal Flower Festival TOTAL 11,850.39 7,935.55 729.25 275.00 1,068.75 750.00 713.75 12 600.39 1782.50 8 939.80 4. Fundralslng Unrostrlctod Rostrlctod 2022 Total 2021 2022 Flower Festival TOTAL 14 915.00 15 228.75 5. Property Maintenance Unrestrlcted 2022 Restrfcted 2022 Total 2021 St. Paul's Refurbishment of St Paul's church hall Replace Steel Railings Moyletra Church Roof Refurbishment Rectory TOTAL 2,959.42 208.62 2,986.84 2,604.13 8,482.93 5,000.00 5,010.81 1,452.00 811.-01 764.00 7,506.00 2 405.96 764.00 16 066.84 23 360.88 6. Church Runnlng Costs Unrestricted 2022 Restricted 2022 Total 2021 Electricity Heating Oil Water Rates Organist Moyletra - Workmans Audio Promotions l DVDS Clerical Relief I Visits'ng Speakers TOTAL 1,412.16 979.43 225.62 1,420.00 685.91 1,136.28 184.55 1,060.00 149.92 179.81 400.00 3 796.47 113.94 400.00 4 437.21 113.94 7. Rectory Costs Unrestrlctod 2022 R08trlcted 2022 Total 2021 Electricity Heating Oil Rates TOTAL 1,028.82 1,299.38 730.96 3,059.16 803.44 1,732.50 719.29 3,255.23 8. Admlnlstratlon costs Unrestrlctod 2022 Re8trlctad 2022 Total 2021 Printing and Stationery Insurance Telephone Independent Examination Copyright Licence Surefire Protection Rector's Office Allowance RCB- Gift Aid Charges Church of Ireland Trustees - Investment Costs Secretary's Expenses Sundry Expenses TOTAL 831.97 2,170.63 927.28 504.00 214.00 124.80 884.00 1,017.37 165.56 27.42 24.48 620.21 2,071.26 870.35 498.00 204.00 513.24 884.00 621.75 316.44 17.46 50.44 6 891.51 6 667.IS 12 9. Movement in Funds At1Jan Incoming Outgoing Transfers At 31 Dec 2022 Resources Resources 2022 Restricted funds Building Repair Building Investment Missions Graveyard Parish Hall Parish Development Sunday School Bowling Club Total restricted 43,249 26,527 41,730 40 1,488 3,341 154 270 78 19,109 -2,000 63,870 26,567 3,038 2,100 1,550 1,740 1,340 30,783 1,259 307 2,981 1,494 27.589 804 307 3.464 533 105,205 47,101 28,244 450 123,612 Unrestricted funds General Fund Fixed Term Depostt Moyletra Moyletra Deposit 49,000 5,996 7,062 11,116 66,510 62,241 -1,550 51,719 6,005 7,785 11,187 1,730 71 1,007 73,174 68,320 63,248 -1,550 76.696 Total funds 178,379 115,421 91,492 -2,000 200,308 Pur oses of Restricted Funds Building Repair and Hall Funds- This is money to assist with the cost of maintaining St Paul's Parish Buildings. Parish Development- Funds to develop church growth and interaction with the local community. Missions- Monies for donation to missionary organisations. Sunday School- A fund for the use of St. PauS's Sunday School Bowling Club- This is a fund for the use of the Bowling Club. 13 10. Investment Assets RC8 Unlt Trusts CIT Unit Trusts Totsl Openlng value at 1 Jan 2022 178,383.37 104,002.05 282,385.42 Changes in valuation Additions Adjustment Disposals -12,976.70 -12,886.34 2,000.00 -25,863.04 2,000.00 2,073.83 2,073.83 Closlng value at 31 Dec 2022 167,480.50 93,115.71 260,596.21 Changes in valuation are reflected directly to reserves as these are non- cash movement. The adjustment is to include Unit Trust for Moyletra not prevlously included. 11. Assets retalned for the Parlsh's own use Flxtures and Flttlng8 Rectory Total Openlng cost at 1 Jan 2022 175,000 6,000 180,000 Additlons CIo8lng cost at 31 Doc 2022 175,000 5,000 180,000 12. Reconclllatlon of Charlty Funds Balance brought forward 111122 640,764 Cash surplus In year 21.929 Decrease in value of investments -21,789 Total charlty funds 31112122 638.904 Changes In the value of Investments are reflected in reserve8 a8 these ra non