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
90.1￿0
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 Re￿Ipts 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.
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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
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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.
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