2024-12-31-accounts

TEMPO CHURCH OF IRELAND

RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

Receipts Donations and Plate Collections Proceeds from Fund Raising Events Bank and Deposit Interest Investment Income Rental Income Grants Other Receipts Receipts for Use of Hall and Light Total Receipts Payments Diocesan Costs/Assessment Church Running Costs Graveyard Repairs Hall Running Costs and repairs & renewals Glebe/Rectory Costs Rental Property Costs Independent Examiner's Fee Administrative Costs Fundraising Costs Charitable Donations Insurance Bank Charges Preachers Expenses Sunday School Expenses Payments from Parish Organisations Sundry Total Payments Excess of Receipts over Payments for the year before transfers Transfers Excess of Receipts over Payments for the year	Unrestricted Restricted Funds Funds Total Total 2024 2024 2024 2023 £ £ £ £ 41,283 1,085 42,368 41,816 1,850 - 1,850 3,886 653 - 653 134 2,031 - 2,031 1,876 225 - 225 225 - 2,243 2,243 2,983 1,517 - 1,517 2,364 1,954 1,954 1,633
	49,512 3,328 52,840 54,917
	25,998 - 25,998 27,222 3,629 2,243 5,872 5,151 1,300 - 1,300 1,300 4,728 - 4,728 4,417 3,000 - 3,000 2,977 - - - - - - - - 1,083 - 1,083 1,021 - - - - 870 1,085 1,955 2,160 - - - 196 - 196 184 860 - 860 1,012 370 - 370 159 - - - - 951 - 951 680
	42,985 3,328 46,313 46,282
	6,527 - 6,527 8,634 - - - -
	6,527 - 6,527 8,634

Mrs Carole Graham

Revd Canon Maurice Armstrong

Date: 9th April 2025

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TEMPO CHURCH OF IRELAND

STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2024

Cash Funds Current Accounts Deposit Account Total Cash Funds Investment Assets Other Listed Investments Rental Property Investments in RCB/CIT Unit Trusts Total Investment Assets Assets retained for the Parish's use Church Hall Total assets retained for the Parish's use Total Assets	Unrestricted Designated Restricted Funds Funds Funds Total Total 2024 2024 2024 2024 2023 £ £ £ £ £ 79,369 - - 79,369 47,379 3,082 - - 3,082 28,545
	82,451 - - 82,451 75,924
	- - - - - - - - - - 69,207 69,207 68,088
	69,207 - - 69,207 68,088
	193,000 - - 193,000 193,000
	193,000 - - 193,000 193,000
	344,658 - - 344,658 337,012

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TEMPO CHURCH OF IRELAND

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. 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 Statement of Assets and Liabilities.

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) Statement of Assets and Libilities

i) The assets of the Parish, retained for its own use comprise:

• Church Building and Graveyard

• Church Hall

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 of 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 Church Hall is recognised at its approximate market value. The Hall was built over 100 years ago with major renovations in 1988.

ii) Investments

Fixed asset investments comprising listed investments (ordinary shares), investment properties and Representative Church Body (RCB) investments are intially recorded at cost and are then subsequently stated at fair value at each year end date.

2. Reconciliation of Cash Funds

Total Cash Funds at Beginning of the year Receipts for the year Payments for the year Total Cash Funds at end of the year	75,924 52,840 (46,313)
	82,451

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TEMPO CHURCH OF IRELAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

3. Movement in Funds

Restricted Funds Unrestricted Funds General Fund Total Funds	At Incoming Outgoing Investment At 01.01.24 Resources Resources Transfers Gain/(Loss) 31.12.24 - 3328 (3328) - - 337,012 49,512 (42,985) - 1,119 344,658
	337,012 49,512 (42,985) - 1,119 344,658
	337,012 52,840 (46,313) - 1,119 344,658

4. Collections for Third Parties

No collections were made on behalf of Third Parties

5. Transactions with the Trustees

The parish paid expenses of £2,999.52 relating to the running & rent of the glebe house which is occupied by the Rector. Amounts were paid to Trustees during the year, as follows:

Mr Mark McDonald £1,300 in respect of gardening services supplied;

The Church receives rent at market value, from Mr John Trimble and Mr Adam Nixon for grazing ground.

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