Receipts and Payments Account for the year ended 31 December 2023
Unrestricted Restricted
Funds
Funds
2023
2023
Total
2023
Total
2022
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
Total Receipts
34,452.31
3,749.30
359.29
2,528.71
100.00
0 34,452.31 33,354.00
3,749.30 11,810.59
359.29
74.37
2,528.71
1,804.79
100.00
300.00
25,214.75
15,064.31
0 25,214.75
3,816.50
813.18 15,877.49 14,016.29
81,468.67
813.18 82,281.85 65,176.54
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
2,050.00
35,473.04
2,745.67
2,685.43
31,138.39
4,222.10
301.78
1,670.00
50,769.98
2,050.00
2,000.00
0 35,473.04 30,332.64
2,745.67
6,560.56
2,685.43
1,440.14
0 31,138.39
3,928.70
4,222.10
4,745.82
301.78
817.93
809.00
2,479.00
2,033.10
0 50,769.98
50.00
Total Payment5
131,056.39
809.00 131,865.39 51,908.89
Excess of Payments over Receipts
for the year before transfers
Transfers
49,587.72
(4.18) 49,583.54 {13,267.65)
Excess of Payments over Receipts
for the year
49,587.72
(4.18) 49,583.54 (13,267.65)
On Behalf of the Trustees
Trustee i
Trustee 2 l&OCL (c[L￿￿LL

Statement of Assets and Liabilities as at 31 December 2023
Unrestricted Restricted
Funds
Funds
2023
2023
Total
2023
Total
2022
Cash Funds
Current Accounts
29,483.62
61,186.70
90,670.32
608.62 30,092.24 80,030.89
61,186.70 60,831.59
608.62 91,278.94 140,862.48
Deposit Accounts
Total Cash Funds
Investment Assets
Investments in RCB/CIT Unit
Trusts
Total Investment Assets
111,084.00
0 111,084.00 52,751.00
111,084.00
0 111,084.00 52,751.00
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
498,554.32
608.62 499,162.94 490,413.48
On Behalf of the Trustees
Trustee i
Trustee 2 l*OCL

Notes to the Financial Statements for the year ended 31 December 2023
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.
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 as at 31
December 2023.
During the course of the year, works were undertaken at the Hall to replace the
kitchen roof and ceiling, and other renovation works to the kitchen area of the
Parish Hall. Fermanagh and Omagh District Council awarded a grant of £20,000
towards the cost of the works.
Rectory
The Rectory is recognised at the value of the property for local property rates
as at 31 December 2023, which includes the certified costs of alterations and
renovations of the Rectory which took during the year ended 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.
2. Reconciliation of Cash Funds
2023
Total cash funds at beginning of the year
Receipts for the year
Payments for the year
Total cash funds at end of the year
140,862.48
82,281.85
131865.39
91,278.94
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3. Movement in Funds
At l Jan Incoming Outgoing
2023 Resources Resources Transfers
At 31 Dec
2023
Restricted funds
Organ Fund
604.44
4.18
0.00
0.00
608.62
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
2023
Banks of Erne RBP
Church Army
Crosslinks
South American Mission Society
The Leprosy Mission Nl
Trory Loyal Orange Order No. 647
65.00
120.00
62.00
120.00
85.00
357.00
809.00
The above amounts have been included as restricted funds.
Donations to Third Parties
2023
Banks of Erne RBP
Bishops, Appeal
Church Army
Crosslinks
Kindfund
Logo Ministries International
South American Mission Society
The Leprosy Mission Nl
Trory Loyal Orange Order No. 647
65.00
770.00
120.00
62.00
600.00
300.00
120.00
85.00
357.00
2,479.00
The above amounts have been included in Payments for the year under'charitable
Donations"
11

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
£550.00
The Parish paid expenses of £2,685.43 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.
12