Rossorry Parish Church
Statement of Financlal Activities
For the year ended 31 December 2022
Unrestrl¢ted
Funds
2022
Restrlcted
Funds
2022
Endowment
Funds
2022
Total
2022
Total
2021
Notes
Income
Donations and legacles
Other trading activities
Investments
Charitable activitie5
Total income
115,017
1,395
48,620
115,017
1,395
49,734
117,247
385
1,114
46,691
709
709
166 987
168.810
167 561
Expenditure
Charitable activities
Total expenditure
125 321
125 321
1,805
127 126
127 126
130 421
130 421
Net income / {expenditure)
before transfers
41,666
(1,096)
1,114
41,684
37,140
Transfers between funds
Net income / (expenditure)
before other recognised
gains and losses
41.666
(1,096)
1,114
41.684
Net gains / (losses) on
investments
37,140
(84,923}
{148)
(37.681) (122,752)
(36,567)
(81,068)
72,285
Net movement in funds
(43,257)
{1,244)
109,425
Reconciliation of funds:
Total funds brought forward
2,036.378
51,699
515,388
2,603,465
2,494,040
Total funds carried forward
1,993,121
50,455
478,821
2,522,397
2,603,465
CavanaghKelly"

Rossorry Parish Church
statement of Financial Position
For the year ended 31 December 2022
Notes
2022
2021
Fixed Assets
Tanglble fixed assets
Investment Properties
Investments
io
670,546
670,546
li
1 323 723
1 446 475
Total fixed assets
1 994 269
2 117 021
Current assets
Receivables
Cash at bank and in hand
12
19,633
509 795
18,396
469 348
Total current assets
529,428
487,744
Payables- amounts falling due wlthin one year
Net current assets
13
528 128
486 444
The fund5 of the charity (parish)
Unrestricted Funds
General
Designated
2 522 397
2 603 465
1,993,121
2,036,378
Total unrestricted ftjnds
1,993,121
2,036,378
Restricted Funds
50,455
51,699
Endowment funds
478 821
515 368
Total charity funds
14
2 522 397
2 603 465
The notes on pages 11 to 20 are an Integral part of the financial statements.
These financial statements were approved by the Board of Trustees on 27 March 2023 and signed on Its
behalf by:
obert Elliott
Honorary Treasurer
Mrs Dorothy Helen Wilson
Honorary Secretary
CavanaghKel
10

Rossorry Parish Church
Notes to the Financial Statements
For the year ended 31 December 2022
I. GENERAL INFORMATION
Rossorry Parlsh is a Church of Ireland parish registered as a charlty in Northern Ireland. The address of the
registered offlce is as shown on page 3.
The parish constitutes a publlc benefit entity as defined by FRS 102.
2. ACCOUNTING POLICIES
The principal accounting policies adopted, judgements and key sources of estimation uncertalnty in the
preparation of the financial statements are as follows:
2.1 Statement of Compliance
The financial statements have been prepared In accordance with Accounting and Reporting by Charites..
statement of Recommended Practice (SORP) applicable to charities preparing their financial statetnents in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
effective l January 2019 (Second Edition), the Financial Reporting Standard applicable in the United Kingdom
and Republic of Ireland (FRS 102) and UK Generally Accepted Practice.
2.2 Basis of Preparation
The financial statements have been prepared on a going concern basis under the historical cost convention
unless otherwise stated in the relevant accou nting policy. Historical cost is generally based on the fair value
of the consideration given in exchange for assets. The following accounting policies have been applied
consistently in dealing with items which are considered material in relation to the charity's financial
statements.
2.3 Preparation of accounts on a going concern basis
The parlsh generally meets its day to day working capital requirements from its annual income. The trustees
continually review the parish's finances and 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.
2.4 Cash Flow Statement
The charity has applied Update Bulletin 2 as published on 5 October 2018 (effective l January 2019) and
does not include a cash flow statement on the grounds that it is applying FRS 102 Section IA.
2.5 Income
Plate collections, Freewill Offeringsi graveyard income, hlre of hall and donations are accounted for on a cash
receipts basls as the amounts are collected. Legacies are included in income according to the terms under
which the donation is made and when the amount can be quantified with reasonable certainty. Income from
charitable activitie5 includes income re￿iVed under contract or where entitlement to grant funding is subject
to specific performance conditions. It is recognised as earned as the related services or goods are provided.
Grant income included in this category provides funding to support projects and is recognised where there
is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
CavanaghKelW
11

Rossorry Parish Church
Notes to the Financial Statements
For the year ended 31 December 2022
2.6 Expenditure
Expenditure is recognlsed 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 expendlture was incurred.
2.7 Tangible fixed assets
The assets of the parish comprise:
Church building and graveyard.
Parish hall;
Rectory;
Sexton's house.
Fixtures and fitting5.
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 on the balance sheet as information on the cost or valuation 15
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 hall was built in the 1960's. It is recognised at a deemed cost. No depreclation has been provided
on the hall as the current estimated residual value is not less than its carrying value and the remaining useful
life currently exceeds 50 years.
The rectory and sexton's house are recognised at deemed cost, being the estimated falr value of the property
at 31 December 2017. No depreciation has been provided on these buildings as the current estimated residual
value is not less than its carrying value and the remaining useful life currently exceeds 50 years.
Fixtures, fittings and equipment are written off as an expense in the year of purchase.
Investments
Fixed asset investments comprising Investment properties, investments In equities and investment in
Representative Church Body and Church of Ireland Trustees Unit Trusts are initially recorded at cost and are
then subsequently stated at fair value at each balance sheet date. Investments in unquoted investments are
recorded at cost and are assessed annually for impairment. 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 unrealised gains and losses in investments are reported within "Net Gains /
(Losses) on Investments" within the Statement of Financial Activities.
Cash and cash equivalents
Cash and cash equlvalent5 include cash in hand, deposlts held at call with banks, other short term highly
liquid investments and bank overdrafts. Bank overdrafts are shown withln Creditors Amounts falling due
within l year.
CavanaghKelW
12

Rossorry Parish Church
Notes to the Financial Statements
For the year ended 31 December 2022
2.10
Financial instruments
The Parish only has financial assets and financial liabilities of a kind that qualify as baslc financial instruments.
Baslc financial instruments are initially recognised at transaction price and subsequently measured at their
settlement value.
2.11
Fund Accounting
Funds are classlfied as either restrlcted or unrestricted, 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 wlthin the wlder 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 is used for the purpose defined in accordance with the objects of the parish.
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity.
If part5 of the unrestricted funds are earmarked at the discretion of the trustee5 for a particular purpose,
they are designated as a separate fund. This designation has an administrative purpose only and does not
legally restrict the trustee5' discretion to apply the fund.
2.12
Taxation
As a charityi the parish is not liable to IncoTne or Corporation Tax.
Critical accounting judgement 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 policies or that there are any critical accounting
estimates or assumptions which may have a significant risk of causing a material adjustment to carrylng
amounts of assets and liabilities within the next financial year.
CavanaghKelW
13

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Rossorry Parish Church
Notes to the Financial Statements
For the year ended 31 December 2022
6. Expenditure
Unrestricted
Fund
2022
Restricted
Funds
2022
Endowment
Funds
2022
Total
Total
2022
2021
6.1 Church and grounds
Water charges
Repairs and malntenance
Heat, light and power
Holy Communion wine
Grounds maintenance
Books, literature, etc.
Muslc, choir, and M-Blaze
Vislting clergy and
preachers
Bible Club, Sunday School,
and Confirmation Class
Parish visitor5, youth
worker
Miscellaneous
76
1,914
6,408
76
1,914
6,408
73
1,690
4,327
3,960
332
3,960
332
1,725
112
4,897
57
4,897
57
4,632
388
388
429
208
149
13,345
360
18,392
360
18,392
Unrestricted
Funds
2022
Restricted
Funds
2022
Endowment
Funds
2022
Total
Total
2022
2021
6.2 Parochial Hall and grounds
Heat, light and power
Water charges
Repairs and maintenance
Grounds maintenance
Miscellaneous
2,197
82
2,197
82
618
71
661
661
660
416
1,542
575
374
3,180
660
416
4,016
4,016
Unrestricted
Funds
20220
Restricted
Funds
2022
Endowment
Funds
2022
Total
Total
2022
2021
6.3 Rectory and grounds
Rate5
Heat, light and power
Repairs and maintenance
Grounds maintenance
Miscellaneous
967
967
1,896
5,492
660
955
1,919
474
1,115
1,052
1,896
5,492
660
CavanaghKelly"
17

Rossorry Parish Church
Notes to the Financial Statements
For the year ended 31 December 2022
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
Total
2022
2022
2022
2022
2021
6.4 Caretaker's / Sexton's house
Rates
393
393
388
Repairs and maintenance
44
432
1,426
1,426
Unrestricted
Funds
2022
Restricted
Funds
2022
Endowment
Funds
2022
Total
Total
2022
2021
6.5 Parlsh office
Computer and office equipment,
consumables, maintenance and
5UPPOrt
Salarles and PAYE I NIC
Rent
Heat, light and power
Telephone and broadband
Grounds maintenance
Repairs and maintenance
1,822
1,822
1,434
11,446
2,600
2,606
726
11,446
2,600
2,606
726
9,952
2,600
2,363
986
575
660
660
145
145
711
CavanaghKelly-

Rossorry Parish Church
Notes to the Financial Statements
For the year ended 31 December 2022
7. Net gains / (losses) on Investments
2022
2021
Unrealised fair value gains / (losses) on investments
122 752
122,752
Taxation
Rossorry Parish Church is recognised as a charity for the purposes of applicable taxation legislation and
is therefore not subject to taxation on its charitable activities.
9. Analysis of staff costs
2022
2021
Administration salaries
The average number of employees during the year was one, being the parish administrator. He is also
one of the trustees and a member of the selert vestry.
10. Tangible fixed assets
Buildings
Total
Cost
At beginning of the year
Additions
Disposals
At end of the year
670,546
670,546
670 546
670 546
Depreciatlon
At beginning of the year
Depreciation
Disposals
At end of the year
Net book value at beginning of the year
670 546
670 546
Net book value at end of the year
670,546
670 546
Tangible fixed assets are recognised at their deemed cost.
CavanaghKel

Rossorry Parish Church
Notes to the Financial Statements
For the year ended 31 December 2022
11. Investments
2022
2021
ri
al cost
At l January
Additions
782,818
782,818
At 31 De￿mber
782 818
782 818
Mar
et value
At l January
Addltions
1,446,475
1,374,190
Fair value gain / (loss)
At 31 December
122 752
1 323 723
1446 475
12. Receivables
2022
2021
Gift Aid
other receivables
17,804
17,814
582
13. Payables - due within one year
2022
2021
Accruals
14. Analysis of Net Assets Among Funds
Unrestricted
Funds
2022
Restricted
Funds
2022
Endowment
Funds
2022
Total
Funds
2022
Fixed Assets
Investments
Current Assets
Receivables
Cash at bank and in hand
Current Liabllitie5
Net Assets at 31 December
670,546
846,312
670,546
1,323,723
1,890
475,521
19,633
457,930
19,633
509,795
1,300
2,522,397
48,565
3,300
1,993,121
50,455
478,821
Endowment funds
The parish has received numerous bequests which are invested with the Representative Church Bodyi Church
of Ireland Trustees and other financial institutions, the income belng used for parish purposes. The parish
treats these as if they were permanent endowment funds where the capital cannot be converted to income.
CavanaghKel
20