Charity registration number NIC104877
ALL SAINTS. CLOONEY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

ALL SAINTS. CLOONEY
STATEMENT OF FINANCIAL ACTMTIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Cuffent financlal year
UnrÈstrieted Restricted Endowment
funds
funds
funds
2023
2023
2023
Total
Total
2023
Notes
2022
Income and endowments fro
Donations and legacies
Fundraising income
Investments
Other income
166,265
90,483
7,050
19,885
166.265
90,483
7.141
37.731
201.411
89,815
2,578
31.166
91
17,846
Total income
283.683
17.937
301,620
324,970
enditure on:
Raising funds
8.650
3.839
Charitsble activities
276.124
18,316
294,440
292,717
Total expenditure
284.774
18,316
303,090
296,556
Net gainsl(losses) on investments 10
2.242
1,181
2,088
5,511
(12.015)
Net incoming resources before
transfers
1,151
802
4.041
16,399
Gross transfers between fijnds
490
(490)
Net movement in funds
1,641
312
1088
4.041
16.399
Fund balances at 1 January 2023
835.860 306.682
69,506 1212,048
1.195,649
Fund balances at 31 December 2023
837,501
306,994
71,594
1,216.089
1.212.048
The ststernent of financial activ[t￿S includes all gains and losses recognised in the year.
The ststement of financial activibes Indudes all gains armj lossts recognised in Ihe year. All income and expènditure
derive from conb"nuing aaiwbes.

ALL SAINTS. CLOONEY
STATEMENT OF FINANCIAL ACTivrriES {CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2023
Prior financial year
Unrestricted Restrlcted Endowmènt
funds
lunds
funds
2022
2022
2022
Total
2022
Notes
In
me and ndowments from:
Donations and legacies
Fundraising income
Investments
Other income
201.411
89,815
1,996
2,996
201,411
89,815
2,578
31,166
582
28,170
Total income
296,218
28,752
324.970
Ex enditure on:
Raising funds
3.839
3,839
Charitable activittes
260,727
31,990
292,717
Total expenditure
264,566
31.990
296,556
Net gainslllossesl on investments
10
(6,818)
201
15,398)
(12,015)
Net incoming resources before transfers
13,037)
(5,398)
16,399
Gross transfers be￿een funds
133,611)
33,611
Net movemènt In funds
(8.777)
30,574
(5.398}
16.399
Fund balan¢es at 1 January 2022
844,637
276,108
74,9D4
1,195,Wa
Fund balances at 31 December 2022
836,860
306,682
69,506
1,212,048

ALL SAINTS. CLOONEY
BALANCE SHEET
ASAT31 DECEMBER 2023
2023
2022
Notes
Fixed assets
Tangible assets
Investment propety
Investments
12
14
13
629,419
100.000
176,808
629.419
100,000
171,296
Current assets
Debtors
Cash at bank and in hand
906227
900,715
15
6.067
309270
5,710
322.173
CredÉtors: amounts falling due within
one year
315.337
327.883
16
5.475
16.550
Net ￿rrent assets
309,862
311.333
Totsl assets less current Ilablllties
1216.089
1.212.048
The funds of the charity
Endowment funds
Restricted income fvnds
Unrestricted funds
18
19
71.594
306,994
837.501
69,506
306,682
835.860
1216.089
1,212.IM8
The financial statements were approv8d by the trustees t)n 18 March 2024
Rev Canon David McBeth
Trustee
David Peoples
Tnjstee

ALL SAINTS. CLOONEY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting pollcles
ChaTIty Inforniation
All Saint5, Clooney Is an unincorporated company registered with the Charity Commission for Northem
Ireland. The regi51ered office is 21 Glendermott Road, Dery-Londonderry, B T47 68B.
1.1 Accountlng conventlon
The accounts have been prepared in accordance with the charity's governing document. the Charities Act
(Northern Ireland) 2008 and "Accounting and Reporbng by Charities.. S18tement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicabte in the UK and Republic of Ireland IFRS 102)" (as amended for accounting periods commencing
from 1 January 2016). The Parish meets the definition of a public benefit entity under FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetsry
amounts in these financial statements are rourKled lo the nearest £.
The financial statements have been prepared under the historical cost convenb'on, Imodified to indude the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
value]. The principal accounting policies adopted are set out below.
1.2 Golng concern
The Parish generally meets rts day to day wcrfking c2Pital requirements from its annual income. The Trustees
have obtained and reviewed cash flow forecasts for the coming year and based on these are satisfied that Ihe
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 statemenls have been prepared on a
go￿9 concern basis.
1.3 Charltable funds
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity.
If parts of the unrestricted fijnds are earmarked at the discretion of the trustees for a particular purpose, they
are designated as a separale fund. This designation has an administrative purpose only and does not legalty
restrict the trustees. discretk)n to apply the fund.
Designated funds comFyise funds which have been sel aside at the discretion of the trustees for specific
purposes. The purposes and uses of the designated funds are set out in the notes to the financial slatements.
ReStr￿ted funds are funds subjecl to specffic requirements as lo their use which may be declared by th6
donor or with their authority or created through legal processes, but still within the wider objects of the Parish.
1.4 In¢omlng rnsources
Income is recognised when the charity 15 legally entiued to it after any performance conditions hava been meL
the amounts can be measured reliably, and it is probalje that income will be recerved.
Cash donatiorts are recognised on receipt. Other donats.ons are recc*3nised once the charity has been notified
of the donats'on. unless ￿rfOrMance conditions requi￿ deferral of the amount. Income tax recoverable in
relabon to donations received under Gift Aid or deeds of covenant is recognised at the ts'me of Ihe donation.
Legacies are induded within Income under either unrestricted or restricled funds according to the terms under
vthrch the donation is made and when the amount can be quantified with reasonable certainty. Donations and
gffts in kind are brought inlo the accounts at their fair value to the Parish.
Income from g)vemmenl and other grants, whether'capital. grants or'revenue, grants. is recognised when the
charity has entilemenl to the funds. any performance conditsons attached lo the grants have been met, it is
probable that the inc(Kne will be received and the amount ¢an be measured re1￿lY and is not deferred.
10-

ALL SAINTS. CLOONEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng policies
{Continu•d)
1.5 Resources expondod
Expenditure is retogniseil once there is a legal or constructrve obligation to make a payment to a third party. it
probable that settiement wll be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activty for which the expendiiure was incurred.
1.6 Tangiblè fixed assets
The assets of the Parish comprise the Church Buitding and the Rectory.
The Chureh Building is deemed to be a Herrtage asset as defined by the CharFbes SORP (FRS102). The
accounting policy for this asset is outfined at note 1.8 below.
The Rectory is recognised at deemed cx)st. beiT¥J the valuation place(l on the prnpety for LopAI Property Taxj
Rates wrtKJses. No depreC￿tion has been provided on the Rectory as the current estimated residual value Fs
not less than its carryin9 value and the remaining useful life ￿rrenty exceeds ￿ year5.
The curatage is recognised at cost of acqui&b'on. No depreciatson has been provided for as the estimated
restdual value is r￿t less than ils carying value and the remaining usefiA lrfe currenly exceeds 50 years.
Office equipment is recognised at cost and are deprec3ated on a straight line basis over a period of 5 years.
The assets residual values and useftjl lives are reviewed. and adjusted, rf appropriate, at the erhd of each
reporting period. The Parish has set a minimum threshc4d of cost of £1.OCKI ft)r an item lo ¢onsidered to be
capitalised as a fixed asset.
Tangible assets are derecognised on disposal or when no fiJbJre economic bènefits are expected. On
disposal. the difference be￿een the new disFrf)sal proceeds and the carrwng amount is rec))gnised in the
ststernerrt of financial actsvttEs and included in 'Other operating (lossesygains,.
1.7 Inve$trnent properfjès
Fixed asset investmènts comprising investrnent properties. investments in equtb'es arKI investment in RCB/crr
Unrt Trusts are initially recorded at w8t and are then subsequently stated at fair value at each balance sheet
date. Investments in unquoted investments are rewrded at g)st and are assessed annually for impaiment.
Unrealised gains and tosses represent the difference betsyeen the fair value at the beginning and end of the
financial year or. rf purchased in the year, the differen￿ between c¥>st and fair value at the end of th6 year.
Realised gains and10sses represent the difference be￿een the pro*eds on disposal and the fair value at the
start of the year or cost rf purthased in the year. Both realised and unrealised gains and losses in investrnents
are reported within °Net Gains l (Losses) on Investrnents" wtthin the Statement of Financial Activities.
1.8 Heritsge assets
The Church Building is deemed to be a Herrtage asset as defined by the Charities SORP (FRS102). This
asset is not induded on the balance sheet as infomiation on the cost or valuab.on is not available and such
infomation cannot be obtained at a cost commensurate wilh the benefft to the us0￿ of the accounts and to
the parish.
1.9 Cash and cash equivalents
Cash and cash equivalents inctude cash in hand, deposits held at call with banks, other short-term liquid
nvestrnents with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shovm
viithin borrowings in current liabilFties.
1.10 Financial instruments
The Parish only has financial assets arKI financial liabilrbes of a kind that qualfy as basic financial instruments.
Basic financial instruments are initialty recognised at transaction price and subsequently rneasured at their
settlement valuè.
11

ALL SAINTS. CLOONEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting poli¢ies
(Continued)
1.11 Taxation
All Saints, Clooney is recognised as a charity for the purposes of applicable tsxation leghslation and is
therefore not subject lo taxatson on its charitable acbvities.
1.12 Employoe benefits
The cost of any unused hol¥Jay entrtlement is reco9nised in the penod in which the employee's Se￿iCe5 are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate th8 èmployrrent of an employee or to provide tennination benefits.
1.13 Rètir•ment beneffts
Payments to defined contribution retirement benefft schemes are charged as an expense as they fall due.
Crftical accounting estlmates and Judgements
In the application of the charitvs acrx)unts'ng policies. the trustees are required tr> make judgements, estimates
and assurnptions about the carrying amount of assets and liabilities trtat are not readity appareni from other
sources. The estimates and associated assumptions are based on histortcal experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The Èstimates and underlying assumptions are reviewed on an ongoing basis. Revision5 to accounting
estimales are fecc*Jnised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Donatlon6 and legacles
2023
2022
Donations and grfts
Legacies receivable
166,265
151.411
50.000
166.265
201,411
Fundraising income
Unrestricted Unr¢5tricted
funds
fund5
2023
2022
Fundraising events
Amold House
9,686
80,797
9,215
80,6CMJ
Fundraising income
90,483
89,815
12-

ALL SAINTS. CLOONEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from investments
Unrestricted Restricted
funds
funds
2023
2023
Total Unrestrictèd Restrlcted
funds
funds
2022
2022
Total
2023
2022
Income from listed
investments
Interest ￿cer¥able
91
2,081
5.060
1,699
297
582
5.060
2,281
297
7.050
91
7,141
1,996
582
2,578
Other income
Total Unrestricted Restricted
funds
funds
2022
2022
funds
2023
Total
2023
2023
2022
Other income
General parish income
Extraordinary general
incorne
3,049
31)0
1.111
375
1,111
17,846
18.146
28,170
16,536
16,536
1.510
1.510
19.885
17,846
37.731
28,170
31.166
Expenditure on raislng funds
UnTrstricted Unrestricted
funds
funds
2023
2022
Fundraising and publicity
SL7ging fundraisin9 events
Amold House direct costs
1.200
2,639
7.100
8.650
3.839
13-

ALL SAINTS. CLOONEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Expendlture on charltable activltks
2023
2022
Direct costs
Staff costs
Diocesan assessment
Parochial ministry costs
Charitable don81ions
Administration costs
34,999
105,128
6,776
1.872
16.025
29.952
98.488
4,800
5,390
15,336
k ij
Sundry costs
Repairs l Upkeep
Light, Heal and Power
Legal & professional f8gS
Bank charges
38.945
70,003
17,068
2,S25
1,099
49.879
63.642
18.119
6,127
294,440
292.717
Analysls by fund
UnTestri¢ted funds
Restr5Cted funds
276.124
18.316
260.727
31.990
294.440
292.717
Goveman¢e costs of £1.500 were incurred during the year in relation to fees paid to the independent
examiner. Goveman¢e costs are included wilhin legal and professional fees.
14-

ALL SAINTS. CLOONEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Employees
Number of employees
The average monthty number of ernployees during the year was."
2023
Number
2022
Number
Administration
Music stsff
Premises maintenance
Youth worker
Employmont Costs
2023
2022
Wages and salaries
Other pension costs
34.632
367
29.163
789
34,999
29.952
There were no em ￿0yeeS wh05e annual remuneration was £60,(￿ or more.
15-

7> b) ¢Y

ALL SAINTS. CLOONEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
11 Taxation
The charity is exgmpt from tsxation on its activities beeause all its income is applied for Gharttable purposes.
12 Tangible fixed assets
Fmhold land
•nd buildings
Cost
At 1 January 2023
629,419
At 31 December 2023
629,419
Carying amount
At 31 December 2023
629.419
At 31 December 2022
829,419
13 Fixed asset investments
CtT RCB General
Investment Unit Trusts
RCB re
property
Total
Cost or valuation
At 1 January 2023
Valuation changes
18.697
867
115.335
37.264
1,181
171.296
5.512
At 31 D￿rnber 2023
19.564
118,799
176,808
Carrying amouftt
At 31 December 2023
19,564
118,799
176.808
At 31 December 2022
18,697
115.335
37,264
171.296
14 Investrnent property
2023
Fair value
At 1 January 2023 and 31 Oecember 2023
100,000
17-

ALL SAINTS, CLOONEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
15 Debtors
2023
2022
Amounts falling due wlthln one year:
Other debtors
Prepayments
5,320
747
5,012
698
6,067
5.710
16 Credltors: amounts falllng du• wlthln one year
2023
2022
Accruals and other creditor5
5,475
16.550
17 Retirement bonefft scheme5
Defined contrlbuiion schemes
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
. scheme are hek1 separately from those of the charity in an independently administered fund.
The charge to profft or loss in respect of defined contribution s¢hemes was £367 {2022 - £789).
18 Endowmont funds
ErMJowTnenl funds represent a55ets which must be held permanently by the charity. Income arising on the
endowment funds can be used in aco)rdance wlth the objects of the charity and 15 induded as unre5trict8d
income. Any capitsl gains or losses arising on the assets fom part of the fund.
At 1 January
2023
Galns and
losses
At31
O•eember
2023
Permanent endowments
RCB Unit Trusts
69.506
2.088
71.$94
Previous year.
At 1 January
21Y22
Galns and
106s06
At31
December
2022
Permanent •ndowm•nts
RCB Unit Trusts
74,S4)4
15,398)
69,5QhS
18-

ALL SAINTS. CLOONEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
19 Restricted funds
The restricted funds of the chartty comprise the unexpended balances of donations and grants held on trust
subje¢t to specific conditions by donors as to how they may be used.
At 1 January
2023
Incoming
resour¢es
Resour¢es
expended
Transfers
Gains and
At31
losses December
2023
Sunday School
904
135
70
974
141
502
Fabrtc
Youth Club
Property fund
Charities &
Missions
Parish Trip
Men's Shed
Mission Centre
Minds Matter
1S
301A91
1.181
302,672
(29)
17,846
(29)
(17.846>
314
2.000
(490)
314
1.530
{470)
306,682
17,937
(18.316)
(490)
1.181
306.994
Previous year. At 1 January
Incoming
Resources
2022 resources expended
Transfers
Gains and
At31
December
2022
Sunday sth￿l
Choir
Fabric
Youth Club
Propety fiJr
Charities &
Missions
Parish Trip
Men's Shed
MissFon Centre
Community
Choir and Book
Crib
313
37
(215)
135
45Q
267,679
450
301,491
33,611
201
(29)
13.770
12,400
(13,TlO)
(18,005)
(29)
440
490
314
6.095
314
2.000
276,108
28.752
(31.990)
33,611
201
306.682
19-

ALL SAINTS. CLOONEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
20 Unrestrlcted funds
At 1 January
2023
In¢oming Resources
rosource$
•xpended
Transfèrs
Gains and
losses
At31
December
2023
General funds
835,860
283.683
(284,T14)
2,242
837,501
Previous year: At 1 January
2022
Incoming
resources
Resources
expended
Transfers
Gains and
105$es
At31
December
2022
General funds
844.637
296,218
{264,566)
(33.611)
16.818)
835,860
21 Analysi$ of net assots between funds
Unrestrlctèd - Re$triGted Endowment
General
funds
Total
Fund balances at 31 December 2023 are
represented by:
Tangible assets
Investment ￿￿opertieS
Investments
Current assetsl{liabilities)
629,419
100,000
66,769
41.313
629,419
100,000
176,808
309.862
71.594
268.549
837.501
306,994
71,594
1,216,089
Related party transactions
There were no disclosable related paty transacttons during the year12022 - none).
-20-