## **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
6
## **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|
7
## **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|
8
## **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.
9