Church of Ireland
ownce (4 Ihp
St Mellan's Parish Church, Aghader& Loughbrickland
Annual Report and Financial Statements
For the year ended 31st December 2022
Northern Ireland Charitie5 Number: 105085

+ Church of Ireland
A wowtKe of tfye Atwlc8n C£￿1￿]￿J]i0
St Mellan's Parish Church. Aghaderg, Loughbrickland
Contents
Page
Trustees, Annual Report
Independent Examiner's Report to the Trustees
Statement of Financial Activities
Statement of Assets and Liabilities
Notes to the Financial Statements
8-12

+ Church of Ireland
A Ihe kngican c￿lM￿n￿)n
St Mellan's Parish Church, Aghaderg, Loughbrickland
References and Administrative Details - Year ended 31st December 2022
Charity Name:
St Mellan's Parish Church. Aghaderg, Loughbrickland
Charity Registration Number:
NIC105085
Contact Address:
15 Oaklands
Loughbrickland
Banbridge
Co. Down
BT32 3WN
Trustee5:
Rev Rodney Magennis
Mrs Elizabeth Robb
Mrs Iris Browne
Mr Trevor Fegan
Mrs Iris Ingram
Mr5 Anne Mccullough
Mrs Valerie Bryson
Mrs Alison Livingstone
Mr Mervyn Fegan
Mr Raymond Fegan
Mr Norman McKniBht
Mr William Fegan lappointed May 2022)
Mr John Geoghegan lappointed May 2022)
Mrs Ann Clendinning (appointed May 20221
Miss Hilary Fe8an (appointed May 20221
Principal Office-bearers:
Rev Rodney MaEennis - Rector
Mr Raymond Fegan - Treasurer
Mrs Elizabelh Robb - A551Stant Treasurer
Mrs Ann Clendinning- SÈcretary
Mr William Fegan- Rector's Churchwarden
Mrs Iris Ingram - People's Churchwarden
Independent Examiner:
MrThomas Vint, F.C.C.A.
S M Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co Down
8T32 3HN
Bankers:
Dan5ke Bank
Donegall Square West
Belfast
BTI 6JS

Church of Ireland
A pro111￿e ol It* CoiFill14117ion
ST MELLAN'S PARISH CHURCH. AGHADERG. LOUGHBRICKLAND
TRUSTEES, ANNUAL REPORT
The trustees present the Annual Report and Statement of Receipts and Payments and Assets and
st
Liabilities for St Mellan's Church, Aghaderg Parish for the year ended 31 December 2022.
Objertives and Artivities
The charitable purpose of the Church of Ireland is the advancement of religion.
The principal function of St Mellan's Church, Aghaderg Parish is to support the advancement of the
Christian religion by promoting, through the work of St Mellan's Church, Aghaderg Parish, the
whole mission of the church, pastoral, evangelistic, social and ecumenical. Being open to and
engaging with society as a whole and offering sUPPOrt for those needing help are fundamental to
the practical delivery of the benefits of Christianity.
As a result of activity in the pursuit of the advancernent of the Christian religion, St MelSan's Church,
A8haderg Parish has custody of property and of records, materials and artefacts of significance to
the cultural and religious heritage and maintenance of which is undertaken by the select vestry of
St Mellan's Church, Aghaderg Parish.
Achlevements, Performance & Public Benefit 2022 (2021 in brackets)
The Parish continued to have regular services of worship throughout the year 2022. This year we
were allowed to meet every Sunday with no restrictions due to Covid. which was a good thing.
Services continued to be broadcast each week on the parish YouTube channel and Facebook page.
There were 52 {40) in-person main Sunday morning worship services in 2022 (20211 with an
average congregation of 27 (27). The average number of communicants each month was 22 {21).
A5 well as 6 {4) other Occasional Services, there were 2 (21 Baptisms, O11} Marriages, 7110} Burials
{5 parishioners, 2 non-parishioners}. On Christmas Day at service was held in Aghaderg and the
attendance was 20 (10). For a few months a mid-week Holy Communion service was held, shared
with Scarva and the average attendance was 5 (5). This year we had a Confirmation Service in the
group and 3 members of this parish were confirmed.
Pastoral work and visiting remained difficult in 2022 when restrictions were in place and especially
in the settings of hospital and care homes, but as the year progressed restrittions were easing and
more visits were possible.
Church organisatlons include a Ladies Guild group and a Sunday School. The Sunday School
teachers have been vetted through Access Nl and we have officers in place in line with the Church
of Ireland Policy on Safeguarding Trust. The new parish-wide Youth Fellowship started up in
November 2022 and is going very well, with a healthy membership and leaders in place.
Page I

Church of Ireland
A ￿.0*l￿e of Èlle AngJKan Con;niuniofJ
ST MELLAN'S PARISH CHURCH. AGHADERG. LOUGHBRICKLAND
TRUSTEES, ANNUAL REPORT IcontSnuedl
Repairs and general maintenance were continued on the Church property during 2022.
During 2022 renovations took place on the old Rectory on the 8anbridge Road and the house was
brought up to a liveable standard, it has now been rented out and a monthly income is coming into
the accounts of Aghaderg Church. The Parish along with Scarva and Donaghmore purchased a
property for the curate to live in, Aghaderg paying 45% of the total. The house is situated in
Oaklands, Loughbrickland, number 15.
The Parish has given careful consideration to the Charity Commission for Northern Ireland's
guidance on public benefit to ensure that the activities entered into during the year have helped to
achieve the Parish's objective5 and activities, as well as providing public benefit. A5 well as
providing burial facilities for non-parishioners with historic family connections to the Parish, the
Parish continues to maintain the rich cultural, historic and architectural heritage of St Mellan's
Church which is open to Visitors upon request.
Financial Review 2022 (2021 in brackets)
The income into the Parish's general fund from various sources was £110,594 (£54,103) with
outgoings of £186,044 (£44,075) giving a deficit of £75,0901£10,028).
st
The bank and cash in hand balance at 31 December 2022 was £25,037 {£96,709). The balance of
investments held within the RCB Investment funds was £36.723 (£40,141). It is the trustee's policy
to hold sufficient reserves to cover unexpected emergencies, to build up funds to pay for future
maintenance to the Church, Parish hall and grounds, and to further the objectives and activities of
the Church of Ireland.
Going Concern
The trustees have reviewed the budgets for the year ahead and are satisfied that there are
adequate funds in place to ensure that the Parish can continue its activities and the financial
statements for the year ended 2022 can be signed off a5 a 80ing concern.
Structure. Governance and Management
Governing Document and Constitutlon of the Charity
Chapter 111 of the Constitution of the Church of Ireland governs Parishes and Parochial
Organi5ations. The select vestry members are the charity trustee5.
Page 2

+ Church of Ireland
ST MELLAN'S PARISH CHURCH. AGHADERG, LOUGHBRICKLAND
TRUSTEES, ANNUAL REPORT (continuedl
Recruitment and Appointment of Select Vestry (Trustees)
All members of the Church of Ireland who are over the age of 18 and are either resident within the
parish or live elsewhere but have been accustomed members of the congregation for at least three
months, may register as members of the general vestry of the parish, allowing them to attend and
vote at meeting of the general vestry and to stand for election to the select vestry. Meeting of the
general vestry are held at least once a year. The select vestry is
elected a5 part of the general vestry meeting. The select vestry will hold their positions for a period
of one year. Select vestry members may be re-elected annually and there is no limit on the number
of term5 which may be served.
Pay and remuneration
The Rev Rodney Magennis remains in the role of Diocesan Curate with special responsibilities for
the Grouped Parishes of Aghaderg, Donaghmore and Scarva, where he received a stipend, office
and locomotory allowance directly from the Parishes in accordance with figures approved by the
General Synod of the Church of Ireland. The Aghaderg Parish pays 45% of this sum which came to
£1,012.59 per month in 2022.
The trustee Mrs Anne Mccullough received £1,265 in 2022 for playing the organ.
The trustee Miss Hilary Fegan received £46 in 2022 for playing the organ.
The trustee Mr Raymond Fegan's company (D7 RGF Ltd) was paid £34,020 for works to the old
rectory and £360 in respect of white goods supplied for the 'new' rectory.
Organisational Structure
The select vestry Is responsible for the day to day management of the Parish. The select vestry
consists of the member of the clergy serving in the Parish, the church wardens. the Glebe wardens
and generally not more than twelve other members of the general vestry a5 elected.
The select vestry is chaired by the member of the clergy officiating at the Parish. Select vestry
members are responsible for making decisions on matters of general concern and importance to
the Parish including deciding how Parish fund5 are to be applied.
The select vestry meet5 at times fixed by the members or by the Diocesan Synod. Special meetings
may be convened at any time by the chairperson or the church wardens.
Compliance with Public Benefit
The Parish has given careful consideration to the Charity Commission for Northern Ireland's
guidance on public benefit to ensure that the activities entered into during the year have helped
achieve the parish's objectives and activities, as well as providing public benefit.
Page 3

+ Church of Irelanc
A pr*Jv*li4ico of ihe AIioE*-an Cooin)iitiic
ST MELLAN'5 PARISH CHURCH, AGHADERG. LOUGHBRICKLAND
TRUSTEES, ANNUAL REPORT Icontinued)
statement of Trustees. Responsibilities
The trustees are responsible for preparing the Trustees, Report and the statement of receipts ani
payments and statement of assets and liabilities in accordance with applicable law and regulations.
The law applicable to charities in Northern Ireland with income of le55 than £250,000 requires thi
trustees to prepare a statement of receipts and payments and a statement of a55ets and liabilitie.,
for each financial year.
The trustees are responsible for keeping accounting records that are sufPicient to show and explair
the Parish's transactions and disclose with reasonable accuracy at any time the assets and liabilitie!
of the Parish. They are also responsible for safeguarding the assets of the Parish and hence foi
taking reasonable Steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the trustees
Trustee I
Trustee 2
Date
Page 4

Church of Ireland
A prowi]¢e thl tto A()glcan G￿lna￿￿K
Independent Examiner'5 Report to the Trustees of Aghaderg Parish Church
I report on the accounts of the charity for the year ended 31st December 2022 which are set out on pages 6 to
12.
Respertive responslbllities of Trustees and Examiner
As the charit¢s trustees you are responsible for the preparation of the accounts in accordance with the Charities
Act INorthern Irelandl 2008.
It is my responsibility to=
examine the accounts under section 65 of the Charitie5 Act-
follow the procedures laid down in the general DIrect￿n5 given by the Charity Commission for Northern Ireland
u nder section 6519llbl of the Chaiities Act; and
state whether particular matters have come to my attention.
Basis of Independent Examlner's report
I have examined your charity accounts as required ￿nder section 65 of the Charities Act and my examination was
carried out in accordance with the general Directions given by the Charity Cotnmission for Northern Ireland
under settion 6519llbl of the Charities Act.
My examination included a revtew of the accounting records kept by the charity and a comparison of the
accounts presented with those records. It also included consideration of any unusual items or disclosures in the
accounts, and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe..
l. That accounting records were not kept in accordance with section 63 of the Charities Act
2. That the accounts do not accord with those accounting records
3. That the accounts do not comply with the accounting requirements of the Charities Act
4. That there is f urther information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters111 to141 listed above and, in
connection with following the Directions of the Charity Commission for Northern Ireland. I have found no
matters that require drawing to your attention.
J*liolL3
Mr Thomas Vint F.C.CA
For and behalf of S.M. Vint & Co
Chartered Certified Accountants & Registered Auditors
8 Newry Road
Banbridge
BT32 3HN
PaEe 5

Db Church of Ireland
St Mellan's Parish Church, AghaderE. Loughbrfckland
Statement of Financl31 Artivities for the year ended 31st December 2022
Endowment Yotal funds
Funds
2022
funds
fvnd5
Totsl 2021
Income from:
Donaiions and plate collections
Bank afid dEPOSIt interest
Inve5trnent income
Rent31 income
Other receipt5
Bank loan receNed
Rèceipts from Parish org3ni5ation5
Receipts from other Parishe5
Collections for third partres
Total income
25,R47
289
1,287
8.1
4.652
8,071
33.918
291
1.287
8.170
6,489
60,000
28,049
222
5.841
3.370
9,983
70
1.837
154
5,695
789
54.103
7Y9
10,779
799
110.954
ILK).175
Expenditure on:
Wages and Salaries
Diocesan c05t5las5essments
Church running cost5
Glebe c05t5
ParFsh centre costs
Administration costs
Ch3titsble éonèiions
Payments to parish or8anisations
Collectior15 for third parties
RefiJrbishm@nt of Church
Gifts
Bank loan Tepayments
Purcfv35e of 'New' Rettory
Investment expendtlure
Total expenditure
Net incomo I lexpendituiel resourtes
18.507
3￿6
7.239
37,359
753
3.428
18,507
3.086
6,448
36,641
?53
3.428
17,966
3,{￿8
6,968
10,268
924
1,823
40
424
191
2,373
-791
-718
1,382
1,382
12
3,345
109.025
12
3,345
IClJ.025
3.417
186.044
-75.090
li
107
-20
JO.799
3,310
3,310
-3.310
182.754
-82,579
44.075
10.028
Reconclliatlon of funds
Total funds brought lonward
Movement in the year
Transfers In
Transfers out
Total lund5 carried lonvard
61.093
-82.$79
34.020
34.379
10.799
41.378
-3.310
136,850
-75,090
34,020
-34.020
61,760
126,822
10,028
-34.020
11,158
12,534
38.068
136 850
Pa£e 6

Church of Ireland
A WQViiJ¢e ol the conin1ijn￿,
St Mellan's Parish Church, Aghaderg, Loughbrickland
Statement of Asset5 and Liabilities as at 31st December 2022
Note As at 3111212022
A5 at 3111212021
Fixed assets
Ta ngible assets
Investments
12
13
376,481
36.723
413,204
234,000
40,141
274,141
Current Assets
Cash at bank and in hand
Due from other Parishes
25,037
564
25,601
96,709
96.709
Liabilities
Creditors
14
58,541
Net current 355ets
-32.940
96,709
Total assets less current liabilities
380,264
370,850
Total net assets less liabilities
380.264
370,850
Notes on pages 8 to 12 are an integral part of these financial statements.
The financial statements on page5 6 to 7 were approved by the Board of Trustees on 23 October 2023
and signed on its behalf by:
Rev Rodney Magennis- Rector
P4Y
Mr Raymond Fegan- Treasurer
Page 7

+ Church of Ireland
A ￿"0￿{*￿￿e ol Ihe Arl9f£8Tr C￿)n]LIn￿￿
St Mellan's Porish Church, 4hader8. Loughbrickland
Note5 to the financial statements for the year ended 31 tlecember 2022
l. Accounting poli¢les
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of
the financial statements are as follow5..
a) Basls of preparation
The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting
by Charities.. Statement Gf Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- Icharities SORP IFRS 10211,
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.
The Parish meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at
historical c05t and transaction value unless otherwise stated in the relevant accounting policy notel51.
b) Preparatlon of accounts on a going concern basi5
The Parish generally meets Its day to day working capital 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 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
cl Income
Incorne is accounted for on a cash receipts basis as the amount Is collected and are allocated as either restricted or
unrestricted funds according to the ttYm5 of the donation.
dl Expenditure
Expenditure is recognised on a cash payments basis.
el Tanglble assets
The a55ets of the Parish comprise=_
Church building and graveyard
Parish hall
Glebe House
'New' Rectory
Fixtures and fittings
The Church BuildinE and Grounds are deemed to be Heritage assets as defined by the Charities SORP IFRS1021. These
Heritage assets are not included on the balance sheet as information on the cost or valuation is not available and such
information cannot be obtained at a cost tommen5urate with the benefit to the users of the accounts and to the
parish.
The parish hall was Oullt In 1824125. There are ntj reliable re¢ords of the cost of thi5 COllStructionlacgUlSltioA and
valuation approach for such buildings lacks sufficient reliability. A5 a result. thi5 building is not recognised in the parish
statement of assets and liabilities.
The GlÈbe House is reco8nised at replacement cost based on the insurance valuation provided on 3111012018. The
'New' Rectory is 4590 of the cosl as financed by the Aehaderg Parish.
Fixtures and Fitlings are recognised at cost and are depreciated on a 5traiEht line basis over a period of 10 years.
Fixtures and fittings are deemed to be Heritage assets as defined by the Charities SORP IFRS1021. These fixtures and
fitting5 are artefacts contained within the Church building and their preservation and contribution to culture are
ancillary to faith and other purposes. Heritage assets are not included in the statement of assets and liabilitie5 as
information on the cost or valuation is not available and such information cannoi be obtained at a cost commensurate
Page 8

Church of Ireland
A i)￿0VIt}￿e Ihe ArwlcRTr
St Mellan's Parish Church, Aghader& Loughbrlckland
Notes to the financial statements for the year ended 31 De￿mber 2022 (continued)
fl Investments
Fixed a55et investment5 comprising investment properties. investments in equities and investment in RCBICIT Unit
Trusts ère initially recorded at C05t and are then subsequently stated at fair value at each year end date. The
revalution surplus or shortfall 15 then included alongside olher irKoming and outgoing resources.
g) Cash and cash equiv?lents
Cash and cash equivalents includes cash in hand, depo￿t$ held at call with banks, other short-terrn highly liquid
investrnents with original maturities of three months or less and bank overdrafts. Bank overdrafts afe shown within
Creditors Amounts falling due within I year.
h) Financial instruments
The Parish only has financial assets and financial liabilitie5 of a kind ihat qualify as basic financial instruments. Basic
financial instruments are initially recognised at transaction price and subsequently measured at their settlement value.
i) Funds
Funds are classified as either restricted funds or unrestricted funds. defined as follows-.
Restricted funds are funds subject to spe¢ifi¢ requirements as to their use which may be declared by the donor or with
their authority or created throu8h legal processes. but still within the wider objects of the Parish.
Unrestrictod funds are expendable at the discretion of the irustees in furtherance of the objects of the charity. If parts
of the unrestricted funds are earmarked ai the discretion of the trustees for a particular purpose, they are designated
as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees,
discretion to apply the fund.
2. Critical accounting judgements and estimation ￿n￿rtaInty
Estimates and judgments made in the process of preparing the financial stalements are continually
evaluated and are based on historical experience and other fartors. including expectations of future
events that are believed to be reasonable under the circumstances. The Trustees do not consider
that there are any critical judgments made in applying the Parish's accounting policie5 or that there
are any critical accounting estimates or assumptions which may have a SiBnificant risk of causing a
material adjustment to carrying amounts of assets and liabilities wiihin the next financial year.
3. Movement in Funds
Incomln8
At l Jan 2022 Resour
Outgoing
Resources
At 31 Dec 2022
Endowment Funds
The Florence Stewart Bequest
The Thomas H Browne Bequest
The Alymer Grattan Bequest
The Harry Beamish Bequest
1,000
1,000
1,000
200
250
200
250
Investment in RCB General Unit Trust
Cash per Rev HW Lett
Cash per Very Rev J Lefroy
EH Lefroy Berbefadion
In memory Robert Hill Grattan
James & Mary Geoghegan Mem Fund
Kathleen Neill Bequest
Marquis of Downshire donation
Mary Winifred Brown Bequest
Mrs H Lefroy Trust
Mrs M Mclntyie Bequest
614
333
890
5,124
4,450
10.006
556
3,017
1.938
89
44
24
64
368
320
720
40
570
309
826
4,756
4,130
9,286
516
2,800
1,799
83
217
139
Page 9

Church of Ireland
5t Mellan's Parish Church, Aghaderg, Loughbrickland
Note5 lo the financial statements for the year ended 31 December 2022 (continued}
Rev C Lett Bequest
WG Dickson Bequest
890
1.183
826
1,098
85
Inve5tment5 in CIT Unlt Trusts
Arthur Hugh Ross Bequest
John Ross Bequest
Norah Hill Bequest
William J Grant Memorial
Sarah Agnes Fleming Bequest
William Geoghegan Bequest
William Geoghegan Bequest
James & Isaac Grattan Mèmorial
Archibald Grattan Bequest
Moses Moorhead Donation
Anonymous Donation
James McAllister Bequest
Agnes J White Bequest
Jame5 Grattan Bequest
James Devlin Bequest
William Browne Memorial
In Memoryjane Mehaffey
Margaret Johnston Donation
2.036
1,018
1.652
1,807
344
252
126
205
224
43
70
19
28
53
26
1,784
892
1,447
1,583
301
498
136
196
377
181
46
60
316
46
166
573
io
155
224
430
207
52
69
361
52
189
654
12
45
23
81
41,378
3,310
38,068
Restricted Funds
Fundraising Fund
Building Fund
Third Party Collections
Ladies Guild Investment Fund
Investments in RCB General Unit Trust
Church Insurance Bonus
Church Officers Composltion Balance
Parochial Funds
Portion of Glebe Equity for 1892
Transfei from Diocesan Stipend Fund
Investments in CIT Unit Trusts
Parishioners
Parishioners
Parishioners
393
30,625
607
1.540
393
8,092
24
1,542
11,828
799
34,361
1,382
31
313
396
29
290
368
23
28
82
76
120
241
25
34.379
15
30
105
211
22
11,158
12,629
35,850
Unrestrlcted Funds
General Fund
Ladie5 Guild Catering Fund
Ladies Guild General Fund
Ladie5 Guild Cash Fund
59.579
454
1.013
47
61.093
138.175
loo
1.031
152
139,458
186,887
30
1,032
68
188.017
10.867
524
1,012
131
12.534
Total Funds
136,850
152,087
227,177
61,760
Page 10

Church of Ireland
A woYiiKe ollP)e Conin7I1nio
St Mellan's Parish Church, Aghader& Loughbrickland
Notes to the financial ￿aternents lor the year ended 31 December 2022 (contlnued)
4. Collections for Third Parties
2022
2021
Southern Area H05pice {£24 on hand 31112122)
UCB Word for Today
RBL Poppy Appeal
Stand by Me
Bishop's Appeal
Sands
511
606
41
42
loo
95
143
50
799
789
5. Tran5artions wlth the Trustees
The trustee Mrs Anne Mccullough received expenses of £1265 for the provision of musical services as orEani5t of the
Parish.
The trustee Miss Hilary Fegan received expenses of £46 for the provision of musical services as relief organist.
The trustee MT Raymond Feg3n's company ID7 RGF Ltd) was paid £34020 for works to the old rectofy and £360 in
respect of white goods supplied for the'new, rertory.
6. Governance Costs
Governance costs of £1,500 were paid during the year. This relates to fees paid to ihe Independent Examiner.
7. Church RunninE Costs
2022
2021
Light and heat
Church insurance
Water rates
Graveyard expÈnses
Repairs and maintenan
Sundry expenses
2,820
1,268
87
1,932
341
2,462
1,694
79
2.650
83
6,968
6,448
8. Other Recelpts
2022
2021
NIE Wayleave
Graveyard fees
In lieu of flowers
Gift 3id
Share of covid grant
Bank fee refund
Power Nl overpayrnent
Word for Today
1,015
820
3,568
680
2,430
2,225
3,203
20
2.103
361
6,490
9,983
Page 11

Db Church of Ireland
.VQ'OlIl￿e of ArJgi*sn c￿}￿}JIAr0I)
St Mellan's Parish Church, AghaderE. Loughbrickland
Nole5 to the financial Statements for the year ended 31 Decernber 2022 Icontinuedl
9. Wages and Salaiies
2022
2021
Stipend
Cover duty
Clergy pension fund
Organist
Supply organist
Speakers - Ladies Guild
12,151
260
4,742
1,265
69
20
18,507
12,151
300
4,526
966
23
17,966
10. Share of Glebe Costs
2022
2021
Rates
Repairs and maintenance
Rent of Glebe House for Rev Magennis
Renovations to Glebe House
602
589
1430
34020
36,641
1,308
1,760
7200
10,268
11. Investment Income
2022
2021
Church of Ireland Trustees Dividend
RC8 Unit Trust Income
Revaluation of RCB Unil Trust
Revaluation of CIT Unit Trust
Scheme Income
303
760
601
726
3,563
737
214
5.841
224
1.287
Investment Ex
enditure
Devaluation of RCB Unit Trusts (Loss)
Devaluation of CIT Unit Trusts ILossl
2,150
1,267
3,417
12. Tangible Assets
2022
2021
Glebe House
New, Rectory
268,020
108,461
376,481
234,000
234.0(
13. Investments
2022
2021
Investments in RCB Unit Trusts
Investments in CIT Unit Trusts
27,766
8,957
36,723
29,917
10,224
40.141
13. Creditors
2022
2021
Bank loan balance
58,541
Page 12