MULLAGHDUN CHURCH OF IRELAND RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted Restricted Funds Funds 2022 2022 Tol&l Total Note 2022 2021 Recei Donations and Plate Collection Proceeds from Fundraising Events Legacies Bank and Deposit Interest Investment Income Rental of Premises Other Receipts Total Reeei t5 29,015 4.705 1,800 87 29,015 4,705 1.800 87 28,868 50 3.000 1.819 1,190 6.313 44,929 1,819 1.190 6,313 44,929 1.142 710 7,977 41,753 ments Diocesan Costs / Assessment Church Running Costs Glebe Costs Glebe Renovations Parish Centre Costs Independent Examiner Fee Charitable Donations Bank Charges Gifts Magazines Church and Hall insurance Sunday School Total Pa ments 17,801 3.983 ,337 29,548 1,221 730 17,801 3.983 1.337 29.548 1.221 730 19.229 5,494 1,529 2,029 700 3.775 130 3.775 130 3.859 139 500 477 500 477 2,150 192 1,607 1,607 1.540 46 61,109 61,109 36,907 Excess of Receipts over Payments for the year (16,180) (16,180) 4846 On behalf of the Trustees no Jennifer Mcwhirter Mrs Caroline Nixon Date:
MULLAGHDUN CHURCH OF IRELAND STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2022 Unrestricted Fund5 2022 Total 2022 TotAI 2021 Cash Funds Current Accounts Deposit Accounts Total Cash Funds 7,469 35,439 42,908 7,469 35.439 42,908 5.744 53,344 59,088 Investment Assets Equity Investments Investments in RCB I CIT Unit Trusts Other Unlisted Investments Total Invtstrnent Assets 3,525 9,580 76,000 89.105 3,525 9.580 76,000 89,105 3,525 9,580 76.000 89.105 On Beh21f of the Trustees Jennifer Mewhirter Mrs Caroline Iyixon Date: 131
MULLAGHDUN CHURCH OF IRELA'D NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 l. Accounting pollcles Set oui below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payinents 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 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 - Parish Centre The Church Building and Graveyard 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 Stat¢meni of Assets and Liabilities as information on the cost or valuation is not available and such infornution cannot be obtained ai a cost commensurate with the b¢nefit to the users of the accounts and to the parish. The Parish Centre The Parish Centre was built l acquired in 20(X). There are no reliable records of the cost of this construction l acquisition and therefore the valuation approach for such a building lacks sufficient reliability- As a result this building is not recognised in the parish Statement of Assets and Liabilities. 11) Investments Fixed asset investments comprising investmenl properties, investments equities (ordinary shares) and investment in RCBICIT Unit Tnts are initially recorded at cost and are then subsequently Stated at fair value at each year end date. Investments in unquoted investments are recorded at cost and are &ssessed annually for impairn)ent.
MULLAGHDUN CHURCH OF IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 2. Reconelliation of Cash Funds Total cash funds at beginning of the year Receipts for the year Pawients for the year Total cash fund5 at end of the year 59,088 44,929 (61,109) 42,908 3. Funds of the Parish At Incoming Resources Outgoing Resources At 1.01.2022 Transfers 31.12.2022 Unrestricted funds General Fund 148.193 44.929 (61,109) 132.013 4. Collection for Third Parties No colleclions were made on behalf of Third Parties. 5. Transactions with the Trustees The parish paid expenses of £1.337 relating to the nmning of the glebe house which is occupied by the rector. No trustee re¢eiv¢d any remunerdtion or reimbursement of expenses during the year. No Iruslee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year.