Receipts and Payments Account for the year ended 31 December 2022
Unrestrirted Unrestricted
Funds
Funds
2022
2021
Receipts
Donations and plate collection
Proceeds from fundraising events
Bank and deposit interest
Investment income
Rental of premises
Sale of assets
Sale of investments
Grants
Other receipts
33,354.00
11,810.59
74.37
1,804.79
300.00
32,493.08
2,495.06
123.55
1,974.08
50.00
3,816.50
14,016.29
1,526.49
16,851.07
Total Receipts
65,176.54
55,513.63
Payments
Wages and salaries
Diocesan costs/assessment
Church running costs
Glebe costs
Parish centre costs
Administration costs
Fundraising costs
Charitable donations
Investment in RCB funds
2,000.00
30,332.64
6,560.56
1,440.14
3,928.70
4,745.82
817.93
2,033.10
50.00
1,940.00
24,769.91
1,372.59
1,177.60
518.31
3,650.85
2,314.01
3,720.00
Total Payments
51,908.89
39,463.27
Excess of Receipt5 over Payments for the year
before transfers
13,267.65
16,050.36
Tra nsfers
Excess of Receipts over Payments for the year
13,267.65
16,050.36
On Behalf of the Trustees
Trustee I
Trustee 2 .

Statement of Assets and Liabilities as at 31 December 2022
Unrestricted Restricted
Funds
Funds
2022
2022
Total
2022
Total
2021
Cash Funds
Current Accounts
79,426.45
60,831.59
140,258.04
604.44 80,030.89 66,837.31
60,831.59 60,757.52
604.44 140,862.48 127,594.83
Deposit Accounts
Total Cash Funds
Investment Assets
Investments in RCB/CIT Unit
Trusts
Total Investment Assets
52,751.00
52,751.00 54,888.80
52,751.00
52,751.00 54,888.80
Assets retained for the
Parish's own use
Parish Hall and Schoolhouse
30,000.00
226,800.00
40,000.00
30,000.00 30,000.00
0 226,800.00 226,800.00
40,000.00 40,000.00
Rectory
Fixtures and Fittings
Total Assets retained for the
Parish's own use
296,800.00
0 296,800.00 296,800.00
Total Assets
489,809.04
604.44 490,413.48 479,283.63
On Behalf of the Trustees
Trustee I
Trustee 2 .

Notes to the Financial Statements for the year ended 31 December 2022
l. 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 Liabilities
(i) Assets retainedfor the Parish's own use
The assets of the Parish, retained for its own use comprise:
Church Building and Graveyard
Schoolhouse
Parish Hall
Rectory
Fixtures and Fittings
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
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 Trory Parish.
During the course of the year, electrical works took place at the church.
Schoolhouse
There are no reliable records of the cost of this construction/acquisition and
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.

Parish Hall
The Parish Hall is recognised at the estimated valuation of the property at 31
December 2022.
During the course of the year, the Select Vestry decided to replace the kitchen
roof and ceiling, and other renovation works to the kitchen area of the Parish
Hall. In preparation for the renovations, fees were occurred in relation to
architect drawings, building control and an asbestos report. A tender process
was undertaken and the project was awarded to Harold Graham who quoted
the lowest price.
The Benefact Trust awarded and paid a grant of £2,500 towards the renovations.
A letter of offer was received from Fermanagh and Omagh District Council for a
grant of 75% of the eligible project costs up to £20,000. This grant is subject to
terms and conditions and if awarded, will be paid after the project is completed.
Rectory
The Rectory is recognised at the value of the property for local property rates at
31 December 2022.
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 exceeds 50 years.
Fixtures and Fittings
Fixtures and Fittings are recognised at cost and are not depreciated, as they do
not show visible signs of depreciation.
ii) Investments
Fixed asset investments comprising investment properties, investments in equities
(ordinary shares) and investment in RCB/CIT Unit Trusts 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 assessed annually for
impairment.
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2. Reconciliation of Cash Funds
2022
Total cash funds at beginning of the year
Receipts for the year
Payments for the year
Total cash funds at end of the year
127,594.83
65,176.54
51908.89
140,862.48
3. Movement in Funds
At l Jan Incoming Outgoing
2022 Resources Resources Transfers
At 31 Dec
2022
Restricted funds
Organ Fund
604.14
0.30
0.00
0.00
604.44
Pur
oses of Restricted Funds
Organ Fund: This is a fund to provide money towards replacement or repair of
organ when necessary.
4. Collections for Third Parties
2022
Church Army
Kindfund
Logo Ministries International
Royal British Legion
South American Mission Society
The Leprosy Mission
The UN Refugee Agency
Trory Loyal Orange Order No. 647
World Day of Prayer
80.00
500.00
300.00
50.00
80.00
80.00
550.00
212.10
181.00
2,033.10
The above amounts have been included in Receipts for the Year under "Other
Receipts" and in Payments for the year under'charitable Donations"
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5. Transactions with the Trustees
Trustees who received remuneration during the year are as follows:
Mr D Wilson (Sexton)
Mrs B Somerville (Organist)
£1,500.00
£500.00
The Parish paid expenses of £1,440.14 relating to the running costs of the glebe
house which is occupied by the Rector.
No trustee or a person related to a trustee had any personal interest in any contract
or transaction entered into by the charity during the year.
6. Governance Costs
No governance costs were incurred during the year.
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