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2023-12-31-accounts

Receipts and Payffle￿ Account for the year ended 31 December 2023 Unr••trlct•d Re•trlct•d Endowment rotal Total Funds 2023 Funds 2023 Funds 2023 Note 2023 2022 Recei Envelope and plate collections Other donations 47,597 230 9.939 2.000 5.577 3,644 1.024 53,174 3,874 10.963 2,000 1,468 1,062 110 919 7,703 81.273 51.048 23,395 14.383 1,510 14,915 1,488 Gift Aid Grants Fundraising Missions and charity donations Other Income 1.468 1.062 110 853 6,905 67.634 Bank Interest Investment Income 66 798 447 8,235 115.421 Total Recei 13,639 ments 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 51,740 750 51,740 4,518 5,129 5,114 3,287 405 47.468 16,831 4,551 3,059 3,247 533 3,768 788 4,341 5,114 200 3,087 405 3,044 3,044 3,175 289 5,019 428 173 173 355 346 130 6,439 69,060 1.000 1,130 6,439 81,334 6,892 91.492 Total Pa ments 12,274 Excess of Receipts over Payments for the yoar before transfers Transfers Excess of Receipts over Payments for the year -1.426 1.365 23,92g -2,800 2,800 -2000 4,226 4.165 -61 21,929 Slgned on Behalf of the Trustees Trustee 1 Trustee 2 Date

Statement of Assets and Liabilities as at 31 December 2023 Unrestricted Restricted Endowment Funds Funds Funds 2023 2023 Total Total Notes 2023 2023 2022 Cash Funds Current Accounts Deposit Accounts Total Cash Funds 54.779 17,692 72,471 101.143 26.633 127.776 155.922 44.325 156,549 43.759 200.308 200,247 Investment Assets Investments in RCB Unit Trusts Investments in CIT Unit Twsts Total Investment Assets 172,550 172,550 167,480 97,431 97,431 93,116 269,981 269.981 260,596 Assets retalned for the Parish's own use Rectory Fixtures & Ftttings Total Assets retalned for the Parish's own use Total Assets 175,000 5,000 175,000 5,000 175,000 5,000 180,000 180,000 180,000 252.471 127,776 269,981 650,228 640,904 Slgned on Behalf of the Trustees Trustee I Trustee 2 Date:

Note8 to the financial statements for the year ended 31 December 2023 l. Accounting policles Set out below are the principal accounting policres which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabiltties (a) Recelpts 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. The breakdown of the items of receipts and payments has been re-classified from the p￿VIouS year in a more meaningful way. (b) Statemont of Assets and Liabllities This yearfs report has been updated to refEect the complete anatysis of assets and liabilities at 31 December 2023. (l) Assets retalned for the Parish's own use The assets of the Parish, retained for its own use comprise:_ Church Buildings and Graveyard Church Hall Rectory Fixtures and fittings The Church Buildings and Graveyard a￿ deemed to be Heiitsge assets as defined by the Charities SORP {FRS102). These Heritage assets are not included in the statement of assets and liabilities as inf0m￿tIOn on the cost or valuation is not available and such informats'on 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 infomiation cannot be obtained at a cost commensurate with the beneffts 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. 11) Investments Fixed asset investrnents comprising investrnent in RCBICIT Unit Trusts are stated at fair value at each year end date. 111) Endowment Funds The capttal of Endowment Funds are to be retained either pemianently or at the congregation's discretion: the income derived from the endowment is to be used either as restricted or unrestrycted income funds depending upon the purpose for which the endowment was established in the first place. 10

Notes to the financial statements for the year ended 31 December 2023 {¢ontinu•d) 2. Envelope and Plate Collectlons Unrnstrfcted 2023 Restricted 2023 Total 2022 Freewill Envelopes Building Fund Envelopes Loose Collections Harvest Thanksgiving Moyletra - Harvest Thanksgiving Moyletra - Carol Seriice SPARK Collection Sunday School TOTAL 46,046.60 45,299.72 4,665.00 488.05 4,720.00 417.70 720.00 613.00 520.00 509.50 20.00 66.00 52.50 84.20 47 597.30 5 576.70 51048.27 3. Glft Ald Unrestricted 2023 R•strtct8d 2023 Total 2022 Freewill Offering Building Repair Fund Harvest Appeal Turkeylsyria Appeal TOTAL 9,939.48 11.850.39 1.068.75 750.00 713.75 846.25 152.50 25.00 1023.75 14 382.89 4. Fundraislng Unrestrlcted 2023 Restrlcted 2023 Totsl 2022 Flower Festival Car Boot Sale 150 Club TOTAL 14,915.00 1,354.40 113.25 7.65 14 915.00 5. Property Malntenance Unrestrlcted 2023 Restricted 2023 Total 2022 St. Paul's Refurbishment of St Paul's church hall Replace Steel Railings Moyletra Church Roof Refurbishment Rectory TOTAL 2,124.71 2,959.42 208.62 2,986.84 764.00 7,506.00 2,405.96 16 830.84 750.00 750.00 3 768.39

  1. Church Runnlng Costs Unrestricted 2023 Restricted 2023 Total 2022 Electricity Heating Oil Water Rates Organist Audio Promotions l DVDS Broadband Clerical Relief I visiting Speakers TOTAL 587.22 1,692.00 241.59 1,460.00 1.412.16 979.43 225.62 1,420.00 113.94 600.16 187.56 360.00 400.00 4.340.81 787.72 4551.15

  2. Rectory Costs Unrnstricted 2023 Restrlcted 2023 Totsl 2022 Electricity Heating Oil Rates TOTAL 1.402.42 2.929.50 781.62 1,028.82 1,299.38 730.96 5,113.54 3,059.16 . Admlnistration costs Unrestricted 2023 Restrfcted 2023 Total 2022 Printing and Stationery Insurance Telephone Independent Ex8min8tKJn Copyright Licence Surefire Protection Rectovs Office Allowance RCB- Gift Aid Charges Church of Ireland Trustees - Investment Costs Secretary's Expenses Sundry Expenses TOTAL 454.40 2.356.08 1,041.62 564.00 229.00 831.97 2,170.63 927.28 504.00 214.00 124.80 884.00 1.017.37 165.56 27.42 24.48 884.00 730.71 150.14 20.97 6,438.78 6.891.51 12

  3. Movoment In Funds At1Jan Incoming Outgoing Transfers 2023 Resources Resources At 31 Dec 2023 Restrlctad funds Building Repair Building Investrnent Missions Graveyard Parish Hall Parish Development Sunday Scht)ol Bowling Club Total restricted 63,870 26,567 10,171 2,950 71,091 26,633 1,087 1,191 140 888 95 2.887 1,800 1,800 2.981 1,494 27.589 804 307 2,372 1,634 24,433 1,306 307 593 1,000 123,612 13.638 12.274 2,800 127,776 Unrestricted funds General Fund Fixed Temi Deposit Moyletra Moyletra Deposit 51,719 6.005 7.785 11,187 65,527 81 1,608 419 68,078 -2,800 46,368 6,086 8.411 11,606 982 76,696 67,635 69,060 -2,800 72,471 Total funds 200,308 81,273 81,334 200,247 Pur ses of Restricted Funds Building Repair and Hall Funds- This is money to assist with the cost of rnaintaining St Paul's Parish Buildings. Parish Development- Funds to develop church growth and interaction wtth the local community. Missions- Monies for donation to missionary organisations. Sunday School- A fund for the use of SL Paul's Sunday School Bowling Club- This is a fund for the use of the Bowling Club. 13

  4. Investment Assets RCB Unit Trusts crr Unit Trusts Totsl Openlng value at 1 Jan 2023 167.480.$0 93.115.71 260,596.21 Changes in valuation Additions 5,069.03 4,314.88 9.383.91 Disposals Closing value at 31 Dec 2023 172,549.S3 97.430.59 269,980.12 Changes in valuation are reflected direciiy to reseNes as these are non- cash movement

  5. Assets retslned for the Parfsh's own use Flxturns and FRtlngs Rectory Total Openlng cost at 1 Jan 2023 175,000 5,000 180,000 Addltlon8 Closlng cost at 31 Dec 2023 175,000 5,000 180,000

  6. ReconcllSation of Charity Funds Balance brought forward 111123 640.904.37 Cash Deflclt -60.94 Increase In value of Investments 9,383.91 Totsl charlty funds 31112123 650,227.34 Changes In the value of Investments are refiected In reserves as these re non-cash transactions. 14

  7. Tran8actlon8 wlth the Trustees No trustee, apart from the Rector, received any remuneration during the year. Expenses were paid to the Secretary (£8)..

  8. Governance Costs Govemance costs of £564 were incurred during the year which relates to fees paid to the independent examiner. Governance costs are included within administration costs in the Receipts and Payments Accounts. 15