Bovevagh Parish Church
Trustees, Annual report and Statement of Receipts and Payments and Assets and Liabrlitles
For the year ended 31 December 2022
Charltles Number: 104871

Receipts and Payrnents Account for the year ended 31 December 2022
Unre5trirted
Funds
2022
Restricted
Funds
2022
Endowment
Funds
2022
Total
2022
Totsl
2021
Recei
Donation5 and plate collettion
Gift aid
Fabric and maintenance fund
Bank and deposit interest
Investment income
Rental of premises
Other receipts
36,308
5.921
2,618
106
2,296
5.978
15,361
2,853
39,161
5.921
2,618
106
41.290
6,394
2,925
128
2,132
9.784
6.809
2.296
5.978
19.899
4,538
Total Recei
ts
68,588
7,391
75,979
69,462
Unrestricted
Funds
2022
Restricted
Funds
2022
Endowment
Funds
2012
Total
2022
Total
2021
Vlsitlng Speakers
Dlocesan Assessrnent
Property Malntenance and Upkeep
Utilities
Administration Costs
Sunday School Resources
Organist Fees
Charitable Donations
Financial Charges
60
41.142
1.256
7,537
15,544
40.832
1,256
7,537
11,252
310
39,643
1,592
8.048
5.020
230
i.iio
2,650
108
4.292
1,540
2.500
tso
600
163
1,900
27
63.240
6.S29
69,769
58,481
Excess of Receipts over Payments for the
year
6.210
10,981
On Behalf of the Trustees
Rev Mark Loney. Rector
Mrjonathan Wilson, Secretary

Staternent of Assets and Liabilities as at 31 Decefflber 2022
Unrestricted
Funds
2022
Restrirted
Funds
2022
Endowment
Fund5
2022
Total
2022
Total
2021
Note
Cash Funds
Currenr Accounts
Deposit Accounts IRCBI
Total Cash Funds
65.978
576
66,554
60.344
65,978
576
66.554
60,344
Investment Assets
Equity Investments
Other Listed
Investments
Investments in RCB /
CIT Unit Trvsts
Other unlisted
investments
Investment Properties
Totsl Investment
69,399
6.503
75,902
82,210
69.399
6.503
75.902
82,210
Assets retained for the
Parish's own use
Parish Centre
Glebe Land
Fixtures and Fittings
Trtal Assets retained
for the Partsh's own
use
531.228
292.580
531,228
292,580
30.240
531.228
292,580
30,240
30.240
30.240
823.808
854,048
854,IM8
On Behalf of the Trustees
Rev Mark Loney. Rector
Mr Jonathan Wilson, Secretary

Note5 to the finanoal statements for thè year ended 31 De¢embeT 2022
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 Ststement of Assets and Liabilities:
(al Receipts and Paymetits Account
l 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
(li Assets retainedAor the Parish's own use
The assets of the Parish, retained for its own use comprise: _
Church Building and Graveyard
Parish Centre
Fixtures and frttings
The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP
IFRS1021. These Herita8e assets are not included in the ststement of assets and liabllitie5 as information
on the cost or valuation is not available and such information cannot be obtained at a cost
commensurate with the benefitto the users of the accounts and tothe parish.
The Parish Centre was completed in 2012. Is reco8ni5ed at cost of construction. No depreciation has
been provided on the parish centre buildings as the current estimated residual value Is not less than its
carrying value and the remaining useful life currently exceeds SO years.
Glebe Land was purchased by the Parish late 20201early 2021, usin8 funds previously invested with
Representative Church Body IRCB). No depreciation has been provided on this land as the current
estimated resldual value is not less than it's carrylng value and the remainin8 useful life exceeds 50
years.
Fixtures and Fittings are included at the value used for insurance purposes. The Parish has set a
minimum threshold of cost for an item to be considered to be capitslised as a fixed asset- i.e. not less
than £l,OsXI.
ii) Investments
Fixed asset investments comprising investment in Representative Church Body IRCBIIChurch of Ireland
Trustees Icin Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at
each year end date. The movement in the fair value from the start of the year to the end of the year
represents capital payments to RCB and the change in book value where no money is received by the parish.

Notes to the finanoal ststements for the year ended 31 December 2022 (continued)
Reconciliation of Cash Funds
Total Cash Funds at Beginning of the year
Receipts for the Year
Payment5 for the Year
Total Cash Funds at end of the year
75,979
169.7691
66,554
Movement in Funds
Atljan
2022
Incoming
Resources
Outgoin8
Resources
At 31 Dec
2022
Transfers
Endowment funds
Bequests and legacies
7.008
(5051
6￿03
7,008
1505)
6,503
Restricted funds
Parish Centre
Glebe Land
GB
531,228
292,580
531,228
292,580
S76
824,384
4,595
4,595
14,019)
(4,019)
823,808
Unrestrlrted funds
Fixtures and fittings
RC8 investments
Cl Trustees investments
General Fund
30,240
67.854
7.348
60,344
165,786
30,240
62,961
6,438
65,978
165,617
14,8931
19101
165,7501
(71,5531
71,384
71,384
Total funds
996,602
75,979
(76,077)
996,504
ur oses of End
wment Fund5
Income from bequests and legacies, where capital is to be invested and interest only is to be used for charitable
purposes.
Pur
e5 Of Restricted Funds
Parish Centre= this is a fund to provide facilities for use by the Parish and community.
RC6 investments- this is a fund where capit31 is available for capital project and interest is used for charitsble
purposes.
Paue
111

Notes to the finanaal statements for the year ended 31st December 20221continued)
Collettions for Third Parties
2022
2021
Shoeboxes
Lord Enniskillin Orange Orphan Society
CMS Ireland
Bishops Appeal Ukraine
1.000
305
252
435
1,900
1.000
The above amounts have been included in Receipts forthe year under"Other Receipts" and in Payments for
the year under"Charitable donations".
5. Tran5artions with the T￿￿tee$
No trustee received any remuneration or reimbursement of expenses durin8 the year.
No trustee or a person related to a trustee had any personal interest in any contrart or transactlon entered
into by the charity during the year.
6. Governance Costs
Governance costs of £1,050 were incurred during the year of which £1,050 relates to fees paid to the
independent examiner. Governance costs are included within Admlnlstratlon costs in the Recelpts and Payments
Accounts.
112