Clanabogan Parish Church Trustees, Annual Report and Statement of Receipts and Payments and Assets and Liabilities For the year ended 31 December 2024 Registered Chartty in Northem Ireland [NIC104776]
Clanabogan Parish Church ststement of Receipts and Payments for the year ended 31 December 2024 Unre5trirted Restrirted Endowment funds funds funds Total 2024 Total 2023 Receipts Donations and Plate Collection5 Proceeds from Fundraising Events Bank and Deposit Interest Legacies and Bequests Rental of Premises Grants Receipts from Parish Organisation's Other Receipts Total Receipts 21.816 1,123 22.939 24.819 722 722 523 15,826 9,567 17.062 9,949 17,062 9,949 676 676 6,507 495 2.292 1.853 4,654 5.777 52,078 57,855 53,522 Payments Diocesan Costs / Assessment Church Running Costs Adrninistration Costs Fundraising Costs Charitable Donations Payments for Parish organisation's Other Payments Church & Grounds Restoration 24,276 15,985 804 24.276 20,038 804 23,340 14,054 761 4,053 115 679 1,351 1,123 1,238 679 1,902 657 601 1.952 1.912 11,177 53.803 Total Payments 43,210 5.777 48.987 Excess of Receipts over Payments for the year before transfers 8,868 8.868 1281) Trdnsfers Excess of Receipts over Payments for the Year 8,868 8,868 (2811 Reconciliation of Funds Total Funds broughtfonvard Total Funds carried forward 70.447 70,447 70.728 79,315 79,315 70,447
Clanabogan Parish Church Statement of Assets and Liabilities as at 31 December 2024 Unrestricted Restricted Endowment funds funds Funds Total 2024 Total 2023 Cash Funds Current Accounts 23,612 55.703 79.315 23,612 55.703 79,315 30,100 40.347 70.447 Deposit Accounts Total Cash Funds Investment Assets Investments in RCB and CIT Unit Trusts Total Inve5tmerrt Assets 367,128 367.128 367,128 367,128 348.500 348,500 A55ets retained for the Parisws own use Sexton House 90.000 90.10 Total Assets retained for the Parish's own use 90,000 90,000 Approved by the Trustees. on ............... .-2025 and signed on their behalf by: Canon Robert Clarke Mrs Hazel Breen
Clanabogan Parish Church Notes to the Financial Ststements for the year ended 31 December 2024 Accounting policies Set out below are the principal accounting policies which have been adopted in the compilation of the Statement of Receipts and Payments and the Statement of Assets and Liabilities. ststement of Receipts and Payments All items of income and expenditure included within the Statement of ReIpts and Payments have been accounted for on a cash receipt basis. SL*ement of Assets and Liabilities Assets retainedfvr the Parish's own use The assets of the Parish, retained for its own use comprise of Church Building and Graveyard, Church Hall, Sexton's House, and Fixtures and Fitting5. The Church Building, Graveyard and Church Hall are deemed to be heritage assets as defined by the Charities SORP (FRS1021. 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 Sexton's House located at 125 Clanabogan Road Omagh, is recognised at deemed cost, being the estimated fair value of the property at l January 2017. No depreciation has been provided on the Sexton's House as the current estimated residual value is not less than its carrying walue and the remaining useful life currently exceeds 50 years. Investments Investments in RCB/CIT Unit Trusts are initialty recorded at cost and then are subsequently stated at fair value at each year end date. Fund Accounting Funds are classified as either restricted funds or unrestricted funds, which are defined as follows: Restrirtedfvnds Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but Still within the wider objectives of the Parish. Unrestrirtedfvnds Unrestricted funds are expendable at the discretion of the Trustees in furtherance of the objectives of the charity. If parts of the unrestricted funds are earmarked at the discretion of the Trustees for a particular purpose. they are designated as a separate fund. The designation has an administrative purpose only and does not legally restrict the Trustees, discretion to apply the funds. 10
Clanabogan Parish Church Notes to the Financial Ststements for the year ended 31 December 20241continued) Accounting policies (continued) Prepar*ion of Accounts on a Going Concern Basis The Parish generally meets its day to day working capital requirements from its annual income. The Trustees are satisfied that the Parish has resources to provide a reasonable expectation that it can continue to meet its financial obligations as they fall due for the foreseeable future. Therefore. these financial statements have been prepared on a going concern basis. Reconclliation of Cash Funds Total Total cash funds at beginning of the year Receipts for the year Payments for the year Total cash funds at end of the year 70,447 57.855 (48,987) 79,315
Clanabogan Parish Church Notes to the Financial SLitements for the year ended 31 December 2024(continued) Movement in Funds Ati January Incoming 2024 Resources Movement in market value Transfer At31 December 2024 Outgoing Resources Restricted Funds Charitable Donations Other 1,123 4,654 5,777 (1,123) {4,654) 15,777) Totsl Restrirted Funds Unrestrirted Funds General Funds Totsl Unrestricted Funds 70,447 70,447 52,078 52,078 143,210) (43,210) 79,315 79,315 Endowment Funds Investments in RCB/CIT Unit Trusts Total Endowment Funds 348,500 348,500 18.628 18.628 367,128 367.128 Total Funds 418.947 57.855 {48.987) 18.628 446,443 12
Clanabogan Parish Church Notes to the Financial Statements for the year ended 31 December 2024lcontinued) Collections for Third Parties 2024 2023 Crosslinks Bishops Appeal Church Missionary Society Tyrone Protestant Orphan Society Friday Night Conformation 552 632 460 890 iii 205 ioi 1.123 1.828 The above amounts have been included in receipts for the year under Donations and Plate Collettions, and in payments for the year under Charitable Donations in the Statement of Receipts and Payments. Transactions wrth Trustees No money was paid to Trustees for work carried out during the year. No other person related to a Trustee had any personal interest in any contract or transaction entered into by the Charty during the year. Governance Costs Governance costs of £768 were incurred during the year. all of which relates to fees paid to the Independent Examiner. Governance C05t5 are included within Administration Costs in the Statement of Receipts and Payments. 13