cItURCH OF IRELAND DIOCESE OF CLOGHER PARISH OF AGHALURCHER ST RONAN'S CHURCH COLEBROOKE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CHARITY NUMBER: NIC 105365 HASSARD MCCLEMENTS LIMITED CHARTERED ACCOUNTANTS REGISTERED AUDITORS 32 EAST BRIDGE STREET ENNISKILLEN COUNTY FERMANAGH BT74 7BT
ST RONAN'S CHURCH COLEBROOKE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CONTENTS References and Administrative Details Trustees, Annual Report Independent Examinels Report to the Trustees Statement of Financial Activities Statement of Financial Position Statement of Cash Flows Notes to the Financial Statements 9-16
ST RONAN'S CHURCH COLEBROOKE REFERENCES AfiD ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023 Charity Name: Brookeborough/Aghalurcher/ClogherlChur¢h Of Ireland Charity Registration Number: NIC 105365 Contact Address: Colebrooke Rectory 8 Owenskerry Lane Killarbran Fivemiletown BT75 OSP Trustees Mr Oral Graydon Mr Christopher Gould Mr Brian Foster Mr Derek Johnston Mr Jonathan Dunn Mr Basil Little Rev Canon John Mcclenaghan Mrs Connie Moore Mrs Irene Boyd Mr Robert Boyd Rt Hon. Viscount Brookeborough Mr Mark Granlcese Mrs Jayne Crawford Principal Office-bearers Clergy: Church Treasurer: Church Secretary: Church Warden - Clergy: Church Warden - People: Glebe Warden - Clergy: Glebe Warden - People: Rev Canon John M¢Clenaghan Mr Robert Robiiison Mrs Conni¢ Moore Mr Dcrek Johnston Mr Robert Boyd Mr Derek Johnston Mr Basil Little Independent Examiner Hassard Mcclements Limited 32 East Bridge Street Enniskillen County Fern]anagh BT74 7BT Principal Bankers Danske Bank 24 Townhall Street Enniskillen County Fermanagh BT74 7BB
ST RONAN'S CHURCH COLEBROOKE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present the annual report and financial statements for St Ronan's Church for the year ended 31 December 2023. Objectives and Activities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of St Ronan's Church is to support the advancement of the Christian religion by promoting, tlirough the work of the Parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Being open to and engaging with society as a wliole and offering support for those needing help is fundamental to the practical delivery of thc benefits of Christianity. As a result of activity in the pursuit of the advancement of the Christian religion, the Parish has custody of a large body of records, materlals aiid artefacts of significance to the cultural and religious heritage and maintenance of which is undertaken by the Select Vesty of the Parish. Achievements, Performance and Public Benefit The Parish holds public worship at a variety of services each week throughout the church year - Holy Communion, Morning Prayer, Baptisms, Marriages and Funerals. There are services focusing on Advent, Christmas, Lent, Easter, Harvest etc. The purpose of our charitable fundraising is not only for our own costs, but also for a variety of needs (see attached donations). This is a tangible demonstration of our mission and outreach. At all times we kcep in mind our Safe Guarding Trust policy, Heath and Safety requirements and regulations. 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 objectives and activities, as well as providing public benefit. Financial Review For the financial year ended 31 December 2023, there was an overall deficit of £(1,975), which incorporated a deficit under unrestricted funds of £(4,109), a surplus in restricted funds of £2,114 and a sutplus of £20 under endowment funds. Going Concern The trustees have reviewed the budgets for the year ahead and are satisfied that there are adcquate funds in place to ensure that the Parish can continue its activities and the financial statements for the year ended 31 December 2023 can be signed off as a going concern. Structure, Governance and Management Governing Documenl and Conslilulion ofllie Cliarity Chapter III of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees.
ST RONAN'S CItURCH COLEBROOKE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Recruitment andAppoinlment of iliÉ Selecl Veslry (Truslees) All members of the Church of Ireland who are over the age of 18, either resident within the Parish or live elsewhere but have been accustomed members of tlie congregation for at least three months, may register as members of the General Vesty of the Parish, allowing them to attend and vote at meetings of the General Vestry and to stand for election to the Select Vestry. The Select Vestry will hold their positions for a period of one year. Select Vestry members may be rc-elected annually and thcre is no limit on the number of ternis which may be served. Organisational Structure The Select Vestry is responsible for the day-to-day management of the Parish. The Select Vestry consists of members of the clergy serving in the Parish, any Curate Assistant, the Churchwardens, the Glebe Wardens and generally not more than twelve othcr mcmbers of the General Vestry elected at the General Vestry. Thc Select Vesty is chaired by the incumbent or other member of the clergy officiating in the Parish. Select Vesty members are responsible for making decisions on matters of general concern and importance to the Parish including deciding how parish funds are to be applied. The Sclcct Vestry meets at times fixed by the members or by the Diocesan Synod. Special meetings may bc convened at any time by the Chairpcrson or the Churchwardens. In 2023 the Select Vestry met 7 times during the year and the average attcndance was 690/0. Stalement of Truslees, Responsibililies The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and regulations. The law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financial year. Under that law the trustees have prepared the financial statements in accordance with generally accepted accounting practice in the United Kingdom (accounting standards issued by the Financial Reporting Council in the UK, including Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Kreland (FRS 102) and promulgated by the Institute of Chartered Accountants in the United Kingdom and United Kingdom Law). Under that law the trustees must not approve the fInancial statements unless they are satisfied that they give a true and fair view of the state of the affairs of the charity and of the statement of financial activities of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently. make judgements and estimates that are reasonable and prudent" state whether the financial statements have been prepared in accordance with applicable Accounting standards and identify the standards in question, subject to any material departures being disclosed and explained in the financial statements. and
ST RONAN'S CHURCH COLEBROOKE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 prcpare the financial statements on the going concern basis unless it is inappropriate to presume that the Parish will continue as a going concern. The trustees are responsible for keeping accountiiig records that are sufficient to show and explain the Parish's transactions and disclose witli reasonable accuracy at any time the financial position of the Parish and enable them to ensure that the financial statements comply with the Charitles Act (Northern Ireland) 2008, the Charities Act (Northern Ireland) 2013, the Charity (Accounts and Reports) Regulations (Northem Ireland) 2015 and the provision of the Constitution of the Church of Ireland. They are also responsible for safeguarding the assets of the Parish and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement as to disclosure to our Independent Examiner In so far as the Irustees are aware at the time of approving out trustees, annual report.. there is no relevant inforn]ation of which the charity's examiner is unaware. and thc trustees have taken all steps tl)at they ought to have taken to make themselves aware of any relevant infonnation and to establish that the charity's examiner is aware of that information. Independent Examiner The Independent Examiner, Hassard Mcclements Limited have indicated their willingness to continue in office, and a resolution concerning their reappointment will be proposed at the Annual Easter Vestry Meeting. Signed on Behalf of the Trustees Rev Canon Jolin Mcclenag Mr Derek Johnston Date..
INDEPENDENT EXAIVIINER'S REPORT TO THE CHARITY TRUSTEES OF li ST RONAN'S CHURCH OF IRELAND We report on the accounts of St Ronan's church for the year ended 31 December 2023, which are set out on pages 6- 16. Respective responsibilities of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the accouiits in accordance witli the Charities Act (Northern Ireland) 2008, the Charities Act (Northern Ireland) 2013 and the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. The Charity's trustees considers that an audit is not required for this year under section 65(2) of the Charities Act (Northern Ireland) 2008 and that an independent examination is needed. The charity is preparing accrual accounts. It is our Examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008. Follow tlie procedures laid down in the general Directions given by the Charity. Commission for Northern Ireland under section 65(9)(b) of the Charities Act (Northern Ireland) 2008; and State whetlier particular matters have come to our attention. Basis of independent examiner's report We have examined your cliarity accounts as required under section 65 of the Charities Act (Northern Ireland 2008) and our examiiiation was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act (Northcm Ireland 2008). Our examination included a review of the accounting records kept by the charity and 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 trustces concerning any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe: l. That accounting records were not kept in accordance witli section 63 of tlie Cl)arities Act (Northern Ireland) 2008, 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 (Northern Ireland) 2008" and 4. That there is further inforniation needed for a proper understanding of the accounts to be reached. Independent examiner's statement We have completed our examiiiation and have no concerns in respect of the matters (l) to (4) listed above, and, in connection with following the Directions of the Charity Commission for Northern Irela , we have found no matter at require drawing to your attention. Hassard Mcclenients Linii Chartered Accountants and Registered Auditors 32 East Bridge Sti'eet Enniskillen County Fern]anagh BT74 7BT Date:
ST RONAN'S CHURCH COLEBROOKE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restricted Endowment Funds Funds Funds 2023 2023 2023 Total 2023 Total 2022 Note Income Donations and legacies Other trading activities Investments Charitable activities Other income Total Ineome 49,534 11,988 3,052 5,978 310 70,862 3,402 1,494 23 52,936 13,482 3,080 5,978 310 75,786 45.512 2.096 5.669 4,919 68,669 enditure on: Generating funds Charitable activities Other costs Tot81 Ex enditure (250) (68,897) (6,215) (75.362) (400) (3,302) (3,661) (7,36J) (650) (290) (72,199) {63,781) (9,876) (7,629) (82,725) (71,700) Net income l (expenditure) before transfers (4,500) (2,444) (6,939) (3,031) Transfers between funds 206 (212) Net income / (expenditure) before other recognised gains and losses (4,294) (2,656) (6,939) (3,031) Gainsl(Losses) on investment assets 185 4,770 4,964 (3,714) Net movement in funds (4,109) 2,114 20 (1,975) (6.745) Reconciliation of funds: Total funds brought forward 609.015 64,077 225,644 898,736 905.481 Total funds carried forward 604.906 66,191 225,664 896,761 898,736
ST RONAN'S CHURCH COLEBROOKE STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2023 Note 2023 2022 Fixed Assets Tangible fixed assets Investments 671.jll 76.143 747,454 671,311 71,179 742,490 12 Totsl Fixed Assets Current Assets Debtors Cash and cash equival¢nts Total Current Assets 13 22,111 133,027 155,138 15,914 142,895 158,809 Current Liabilities Creditors - amounts falling due within one year Total Creditors 14 5,831 5.831 2,563 2,563 Net Current Assets 149,307 156,246 Total Net Assets 896,761 898,736 The Funds of the Parish Unrestricted Funds Restricted Funds Endowment Funds Total Charity Funds 17 604,906 66,191 225,664 896,761 609,015 64,077 225,644 898,736 17 17 The notes on pages 9 to 16 are an integral part of these fInan¢ial statements. The financial statements on pages 6 to 8 were approved by the Board of Trustees on IZ- and signed on it5 behalf by: Rev Canon John MCC aghan Mr Derek Johnston
ST RONAN'S CHURCH COLEBROOKE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 Note 2023 2022 Cash flows from operating activities: (6.939) (3,031) Net Cash provided by (used in) operating activities 19 (2,929) 1.423 (9.868) (1,608) Cash flows from investing aetivities: Purchase of property. plant and equipment Disposal of propety, plant and equipment Net cash provided by (used in) investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period (9,868) 142,895 133,027 (1,608) 144.503 142,895 20
ST RONAN'S CHURCH COLEBROOKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 l. Accounting policies The principal accounting policies adopted, judgements and key sources of esttmation uncertainty in the preparation of the financial statements are as follows.. a) Basis of preparation The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Paiish meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost and transaction value unless otherwise stated in the relevant accounting policy note(s). b) Preparation of accounts on 8 going concern basis 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 continu¢ 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. c) Income Plate collections, weekly envelopes and graveyard income are accounted for on an accruals basis. Income arising from the rental of Parish Centre facilities to third parties is recognised when the parish has entitlernent to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from govemment and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity ha5 entitlement to the funds, any perfomiance conditions attached to the grants have been met. it is probable that the income will be received and the amount can be measured reliably and is not defeed Donations and gifts-in-kind are brought into the accounts at their fair value to the Parish. d) Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
ST RONAN'S CHURCH COLEBROOKE NOTES TO THE FINAJ¥CIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 e) Tangible assets The assets of the Parish comprise= Church Building and Graveyard Parish Centre Glebe House - Farni and Bungalow The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS 102). 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 Parish Centre is recognised at insurance value. as provided by A J Gallagher. No depreciation has been provided on the Parish Hall as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceed5 50 years. The Glebe House is recognised at deemed cost, being the capital value of the property at l April 2017. No depreciation has been provided on the glebe house as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceed5 50 years. The Farni and Bungalow is Tecognised at value on the date of transfer. Fixtures. fittings and equipment are capitalised if they cost at least £2,500. They are recognised at cost and are depreciated on a straight line basis over a period of l O years. The assets, residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively. Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal. the difference between the disposal proceeds and the carrying amount 15 recognised in the statement of financial activities and included in 'Other operating (105se5)loains'. Investments Fixed asset investments are initially recorded at cost and then subsequently stated at fair value at each balance sheet date. Investments in unquoted investments are recorded at cost and are assessed annually for impainnent. Unrealised gains and losses represent the difference between the fair value at the beginning and end of the financial year or, if purchased in the year, the difference between cost and fair value at the end of the year. Realised gains and losses represent the difference between the proceeds on disposal and the fair value at the start of the year or cost if purchased in the year. Both realised and unreali5ed gain5 and losses in investments are reported within "Gains l (Losses) on Investments" within the Statement of Financial Activities. g) Cash and cash equivalents Cash and cash equivalents includes cash in hand, deposits held at call with banks and bank overdraft5. h) Financial instruments The Parish only has financial assets and financial liabilities of a kind that qualify a5 basic financial instruments. Basic financial instruments are initially r¢¢ognised at transaction price and subsequently measured at their settlement valu¢. io
ST RONAN'S CHURCH COLEBROOKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 i) Funds Funds are Classified as either restricted ndS or unrestricted funds, defined as follows. 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 objects of the Parish. Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income there from is used for the purpose defined in accordance with the objects of the Parish. Unrestricited ndS are expendable at the discretion of the trustees in furtherance of the objects of the charity. 2. Critical accounting judgetnents and estimation uncertainty Estimates and judgements made in the process of preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Trustees do not consider that there are any critical judgements made in applying the Parish's accounting policie5 or that there are any critical accounting estimates or assumptions which may have a significant risk of causing a material adjustment to ¢arying amounts of assets and liabilities within the next financial year. 3. Donations and legacies Unrestricted Restricted Funds Funds 2023 2023 Total 2023 Totsl 2022 Plate collections Weekly envelopes / FWO Tax recovered on donations Donations for charities Grants Legacy Other 4,063 32,516 7,357 4.063 32,516 7.357 3.302 3,648 29.768 6.354 1,762 500 3,302 i.000 2,480 45,512 5,598 100 3,402 5,698 52,936 4. Other trading activities Unrestricted Restricted Funds Funds 2023 2023 Endowment Funds 2023 Total 2023 Total 2022 Rentals from Parish Centre 600 600 100 Rentals from Fann and Bungalow Special Fundraising Other 10,507 620 10.507 1.227 1,148 13.482 10,402 4.345 545 15,392 607 261 11.988 887 1,494
ST RONAN'S CHURCH COLEBROOKE NOTES TO THE FINANCIAL STATEIVIENTS FOR THE YEAR ENDED 31 DECEMBER 2023 5. Investments Unrestricted Restricted Endowment Funds 2023 Funds Funds Total 2023 Total 2023 2023 2022 Bank interest Investment income 12 18 12 3.040 3,052 22 23 3,062 3,080 2,084 2,096 6. Charitsble activities Unrestrieted Restricted Funds Funds 2023 2023 Total 2023 Total 2022 Magazine and Church of Ireland Gazette Income Grave Yard Income 440 5,538 5,978 440 391 5,278 5,669 5,978 7. Analysis of expenditure Unrestricted Restricted Funds Funds Total Total 2023 2023 2023 2022 Generating Funds Fundraising costs 250 250 400 650 650 290 400 290 Charitable Activities Diocesan costslassessment Church costs Glebe costs Parish centre costs Graveyard costs Charitable donations Administration costs 46,736 7,008 4,776 2,754 5.223 1,900 500 68,897 46,736 7,008 4,776 2,754 5,223 5,202 500 39,210 6,518 5,668 3,064 4,665 3,562 1,094 63,781 3,302 3,302 72.199 Other Costs Sunday school expenses Diocesan and Church of Ireland Gazette magazines Sundry costs Bank charges Property costs (Fami and Bungalow) Cooneen parish Purchase RCB units 361 585 2.770 308 2.191 361 585 517 488 3,668 248 627 34 3,397 342 2,191 2,637 71 3,000 3,661 3,000 9,876 6.215 7,629 12
ST RONAN'S CHURCH COLEBROOKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Governance costs of £1.530 were incued during the year of which £1,530 relates to independent examiner fees. Governance costs are included within Sundry costs above. 8. Gain / (Loss) on Investment Assets 2023 2022 Unrealised gains / (losses) on investments 4,964 (3,714) 9. Taxation St Ronan's Church is recognised as a charity for the purpose of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. 10. Analysis of trustee remuneration and expenses Key management are deemed to comprise the Trustees. The parish paid expenses of £4,776 relaling to the running costs of the glebe house which is occupied by the rector. No trustee received any remuneration or reimbursement of expenses during the year. A Tstee received £102 for Guttering services during the year to 31 st December 2023. 11. Tangible fixed assets Parish Centre Farm & Glebe Bungalow House Total Cost At beginning of year Additions Disposals At end of the year 271,311 225.000 175,000 671,311 271,311 225,000 175,000 671.311 Net book value at beginning of the year Net book value at end of the year 271,311 271,311 225,000 225,000 175.000 175,000 671,311 671,)11 12. Investments Listed Other Investments Investments Total Balance at beginning of the year Additions during the year Disposals during the year Fair value gain / (loss) on investments Balance at end of the year 4,825 66,353 3,000 71,178 3.000 (89) 4.736 2,054 71,407 1.965 76,143 13
ST RONAN'S CHURCH COLEBROOKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Listed Other Investments Investments Total Analysis of Investments Other Listed Investments Investments in RB Unit Trusts Other unlisted investments 4,736 71,027 380 76,143 71,027 380 71,407 4,736 13. Debtors 2023 2022 Sundry debtors 22.111 15.914 14. Creditors Amounts due within l year 2023 2022 Accruals and other creditors 5,831 2,563 15. Finaneial instruments The Church ha5 the following financial instruments.. 2023 2022 Loans and reeeivables held at amortised eost Cash and cash equivalents Sundry debtors 133,027 22.111 155,1)8 142,895 15,914 158,809 Financial liabilities measured at amortised c05t Accruals and other creditors 5,831 5,831 2,563 2,563 16. Analysis of Net Assets among Funds Unrestricted Restricted Endowment Total Fixed Assets 446.311 14,137 149,330 (4,872) 604.906 225,000 205 459 671,311 76,143 155,138 (5,831) 896,761 Investments Current Assets Current Liabilities Net assets at 31 December 2023 61,801 5,349 (959) 66,191 225.664 14
ST RONAN'S CHURCH COLEBROOKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 17. Funds of the Parish Gains / (losses) on investment At 1.01.2023 Income Expenditure Transfers asset At 31.12.2023 Endowment funds Farni and Bungalow Fund Sylvia Mulholland Fund 225,000 644 225,000 664 225,664 225,644 Restricted funds Investment Fund Charity Fund Catering Fund Bowling Club Fund Tablet nd 63,009 22 {3,000) (3,302) (400) (661) (5) 4,770 64,796 3,302 607 888 loo (207) 1,068 .295 100 66,191 64,077 4.919 (7,363) (212) 4.770 Unrestricted funds Cemetery Fund Friends Fund General Fund 25.034 96,546 487,435 609.015 5,867 6,566 58,429 70,862 (5,223) (5,973) (64,166) (75,362) 205 25,883 97,324 481,699 604,906 185 206 185 Total funds 898,736 75,786 (82,725) 4,964 896,761 oses of Endowment Funds Fami and Bungalow Fund- This is an estalc bequeathed on the basis to be ncver sold lo a third party and the house and land to be let and the income can be used for any purpose nceded by the church. The Sylvia Mulholland Fund: Thi5 is a Fund lo be used for the upkeep and repair of the Mulholland grdve. Please note only material funds are disc105ed. 18. Collection for Third Parties 2023 Colebrookelcooneen MU Bishops Appeal East Tyrone RUCGC Association Royal Britlsh Legion Poppy Appeal Women's World Day of Prayer District Loyal Orange Lodge CMS Ireland 650 645 1,023 387 206 222 169 3,302 15
ST RONAN'S CHURCH COLEBROOKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 19. Reconciliation of net income l (expenditure) to cash flow from operating activities 2023 2022 Net ineome l (expenditure) for the reporting period (as per the statement of financial activities Adjustments for: (Increase)Idecrease in debtors Increasel(decrease) in creditors Trimble Estate Net cash provided by (used in) operating activities (6,197) 3,268 768 655 (2,929) 1,423 20. Analysis of cash and eash equivalents 2023 2022 Cash in hand Notice deposits (less than 30 days) Total cash and eash equivalents 133,027 133.027 142.895 142.895 16