Edenderry Parish Church
Statement of Receipts and Payments – Year Ended 31 December 2023
| Receipts Open collections Donations, freewill offering and sustentation Missions collections Note 3 Harvest collection Gift Aid tax reclaimed Investment income Legacies Net Proceeds of Omagh Show catering Insurance claims Grave fees, catering and hall rent Other income Total Receipts |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2023 2022 £ £ £ £ £ 425 - - 425 463 34,929 - - 34,929 35,290 - 3,324 - 3,324 2,245 - 1,080 - 1,080 1,600 5,774 754 - 6,528 6,747 1,461 - - 1,461 3,503 180 - - 180 - 8,278 - - 8,278 8,137 6,074 - - 6,074 - 4,205 - - 4,205 1,252 6,487 - - 6,487 25 |
|---|---|
| 67,813 5,158 - 72,971 59,262 |
| Payments Diocesan Sustentation Missions payments Note 3 Heat, light and power Telephone Repairs and maintenance Rates, water and insurance Printing, stationery and advertising Rector's Office Allowance Sunday School expenses Bank fees Other expenses Total Payments Transfers to / (from) funds Surplus/(deficit) for the year |
35,050 - - 35,050 32,160 - 4,260 - 4,260 2,403 7,606 - - 7,606 3,801 802 - - 802 674 17,506 - - 17,506 1,158 4,246 - - 4,246 3,907 190 - - 190 343 884 - - 884 884 505 - - 505 330 298 - - 298 247 1,786 - - 1,786 1,008 |
|---|---|
| 68,873 4,260 - 73,133 46,915 |
|
| (113) 113 - - - |
|
| (1,173) 1,011 - (162) 12,347 |
Statement of assets and liabilities as at 31 December 2023
| Unrestricted Restricted Endowment Funds Funds Funds £ £ £ Funds Reconciliation Opening balances as at 01/01/2023 2,830,316 14,168 37,177 Surplus/(deficit) this year end (1,173) 1,011 - Increase in value of fixed assets 209,623 - - Increase / (decrease) in value of investments - - 1,495 Closing balances as at 31/12/2023 Note 2 3,038,766 15,178 38,672 Bank and Cash Balances Bank Deposit accounts Bank Current accounts Cash on hand Endowment Funds Church of Ireland Trustees (M & G Charifund) Church of Ireland Trustees (CIT Unit Trust) R B General Unit Trust (NI) Fixed Assets - Heritage Assets Church building and graveyard Church hall Rectory and outbuildings Total assets less current liabilities |
Total Total 2023 2022 £ £ 2,881,660 2,873,898 (162) 12,347 209,623 - 1,495 (4,585) 3,092,616 2,881,660 678 673 48,674 46,460 - 2,381 |
|---|---|
| 49,352 49,514 |
|
| 2,140 2,140 33,759 32,264 2,773 2,773 |
|
| 38,672 37,177 |
|
| 1,619,500 1,506,511 816,532 759,565 568,560 528,893 |
|
| 3,004,592 2,794,969 |
|
| 3,092,616 2,881,660 |
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Signed on behalf of the Trustees by:
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Canon Robert Clarke (Rector)
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Sonya McKelvey (Honorary Treasurer)
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Date: 30 September 2024
Notes to the financial statements for the year ended 31 December 2023
1. Accounting policies
Set out below are the principal accounting policies that 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 accounted for on a cash receipts basis.
(b) Statement of Assets and Liabilities
Assets retained for the Parish’s own use
The assets of the Parish, retained for its own use comprise:
-
Church building and graveyard
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Church hall
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Rectory and outbuildings
All of the above buildings are deemed to be Heritage assets as defined by the Charities SORP (FRS102). These Heritage assets are included in the statement of assets and liabilities at insurance valuation as a professional 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. Heritage assets are not depreciated.
2. Summary of Movements in Funds
| Unrestricted funds General fund Restricted funds Missions Fabric fund Endowments Bequests Total funds |
At 01/01/2023 Incoming Resources Outgoing Resources Transfers At 31/12/2023 £ £ £ £ £ 2,830,316 277,436 (68,873) (113) 3,038,766 |
|---|---|
| 70 4,078 (4,260) 113 - 14,098 1,080 - - 15,178 |
|
| 14,168 5,158 (4,260) 113 15,178 |
|
| 37,177 1,495 - - 38,672 |
|
| 2,881,660 284,089 (73,133) - 3,092,616 |
Purposes of unrestricted funds
General fund - for the day to day expenses of Edenderry Parish and to support restricted activities as required. Includes fixed assets at insurance values.
Purposes of restricted funds
Missions - financial support for missionary and charitable work.
Fabric fund - harvest collection for upkeep of fabric of church building.
Purposes of endowments
Bequests - bequests and donations held in trust by Representative Church Body, with proceeds for general unrestricted use.
Notes to the financial statements for the year ended 31 December 2023 (continued)
3. Missions
| ns | |
|---|---|
| Missions collections CMS - Lenten collection Bishops Appeal Tyrone Protestant Orphan Society CoI Ministry Fund Omagh Womens Aid L.E.M.O.F. Gift Aid tax refund Missions Payments Church Missionary Society Bishops Appeal Royal British Legion Tyrone Protestant Orphan Society Omagh Womens Aid L.E.M.O.F. CoI Ministry Fund |
2023 2022 £ £ 700 78 1,935 1,731 510 - - 146 179 - - 290 754 228 4,078 2,473 1,032 78 2,419 1,889 25 - 605 - 179 - - 290 - 146 |
| 4,260 2,403 |
4. Transactions with related parties and trustees
During the year, expenses were reimbursed totalling £1,434 to the Rector, £206 to Mr Roy Graham and £100 to Mr Adrian Pollock. No other trustee received any remuneration or reimbursement of expenses during the year. No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the Church during the year.
5. Events after the end of the reporting period
There were no significant events after the end of the reporting period.