LEARMOUNT PARISH CHURCH
.
’
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2025
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Ty2025|2025|2025|TY2024 a|
|Notes|Unrestricted|Restricted|Total|Total|
|£|£|£|€|
|Income|
|Collections:|
|Freewill Offerings|8,276.00|-|8,276.00|7,668.55|
|Plate collections|459.60|-|459.60|413.50|
|In|lieu|-|-|-|»|
|In|memoriam|150.00|1,000.00|1,150.00|50.00|
|Gift Aid Refund|929.98|-|929.98|1,553.23|
|Charity Appeals -|Special|Collections|2|-|-|-|50.00|
|Graveyard|income:|
|RCB|Trust|Income|-|6.75|6.75|6.40|
|Sunday School receipts|-|484.66|484.66|649.13|
|Sundry income|95,00|-|95.00|45.00|
|Bankand|deposit|interest|148.04|-|148.04|121.73|
|Investment|income|195.23|-|195.23|150.08|
|Total Income|10,253.85|1,491.41|11,745.26|10,707.62|
|Expenditure|
|Diocesan assessments|3,773.00|-|3,773.00|3,645.18|
|Visiting clergy|714.00|-|744.00|675.10|
|Church running costs|3,689.77|-|3,689.77|597.50|
|Donations|2|-|50.00|50.00|-|
|Church|repairs|-|-|-|-|
|Graveyard and grounds maintenance|2,500.00|-|2,500.00|-|
|Rectory running costs|857.66|-|857.66|909.78|
|Sunday|School costs|225.64|381.52|607.16|321.22|
|Sundry|costs|280.31|-|280.31|735.15|
|Total expenditure|12,040.38|431.52|12,471.90|6,883.93|
|Excess of Expenditure over Income|-|1,786.53|1,059.89|-|726.64|3,823.69|
----- End of picture text -----
The notes on pages 6-7 form part of these financial statements and should be read in conjunction herewith.
On behalf of the Trustees
----- Start of picture text -----
Date: 2.by 3
----- End of picture text -----
4
STATEMENT OF ASSETS AND LIABILITIES AT 31 DECEMBER 2025
| eee, Unrestricted Restricted Total Total Note Funds Funds Funds Funds 2025 2025 2025 2024 |
eee, Unrestricted Restricted Total Total Note Funds Funds Funds Funds 2025 2025 2025 2024 |
eee, Unrestricted Restricted Total Total Note Funds Funds Funds Funds 2025 2025 2025 2024 |
eee, Unrestricted Restricted Total Total Note Funds Funds Funds Funds 2025 2025 2025 2024 |
eee, Unrestricted Restricted Total Total Note Funds Funds Funds Funds 2025 2025 2025 2024 |
eee, Unrestricted Restricted Total Total Note Funds Funds Funds Funds 2025 2025 2025 2024 |
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Total investment assets | |||||
| InvestmentsinRCB/CIT Unit Trusts | 214,040.70 | 196,494.89 | |||
| Totalinvestmentassets | 214,040.70 | 196,494.89 | |||
| Cash Funds | |||||
| Cashon hand | - | - | - | - | |
| Currentaccounts | 15,584.42 | 13,549.51 | 29,133.93 | 30,055.80 | |
| Investment account | ; | 19,698.84 | - | 19,698.84 | 19,503.61 |
| Total cash funds | 3 | 35,283.26 | 13,549.51 | 48,832.77 | 49,559.41 |
| TotalAssets | 262,873.47 | 246,054,30 |
The notes on pages 6-7 form part of these financial statements and should be read in conjunction herewith. ny) . ow 2 3: 2024 Charity Registration Number: NiC104964
,
5
LEARMOUNT PARISH CHURCH NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2025
. .
eee 1 Accounting Policies
The principal accounting policies applied in the preparation of the Receipts and Payments Accounts and the Statement of Assets and Liabilities are as follows:
- (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) Fund Accounting
Endowment funds are funds, the capital of which must be retained either permanently or at the trustees’ discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific church activity intended by the donor.
Unrestricted funds are income funds which are to be spent on the Church's general purposes. Designated funds are general funds set aside by the trustees for use in the future.
(c) Statement of Assets and Liabilities
(i) Assets retained for the Parish's own use
The assets of the Parish, retained for its own use comprise:-
Church Building and Graveyard
Rectory
The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS102). 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 of the parish.
The Rectory is owned by the 4 Churches within the group and has not been included in the Statement of Assets and Liabilities.
(ii) Investments
Investments in RCB/CIT are initally recorded at cost and are then subsequently stated at fair value at each year end date.
2 Charity appeals: special collections
2025 2024 Bishop's Appeal - 20.00 Donations received during 2024 have been paid out in 2025.
6
'
LEARMOUNT PARISH CHURCH NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2025
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|grSS|
|3|Total|cash funds|
|AtistJan|Incoming|Outgoing|Transfers|At|31st Dec|
|2025|Resources|Resources|2025|
|Restricted|funds|
|General|fund|285.90|6.75|-50.00|-202.65|40.00|
|School|Residence fund|8,782.71|1,000.00|-|-|9,782.71|
|Sunday School fund|3,427.76|484.66|-3814.52|495.90|3,726.80|
|12,496.37|1,491.41|-431.52|6.75|13,549.51|
|Unrestricted|funds|
|General fund|37,063.04|10,253.85|-12,040.38|6.75|35,283.26|
|Total|cash funds|49,559.41|11,745.26|-12,471.90|-|48,832.77|
----- End of picture text -----
Purposes of restricted funds
School residence fund: This is to assist the Parish with the costs of maintaining the Church, graveyard and
schoolhouse.
Sunday School fund: This is be used to acquire teaching materials and to fund activities for the benefit of the children.
- 4 Transactions with the Trustees The parish paid expenses of £857.66 relating to the running costs of the Rectory which is occupied by the Rector.
7