OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

Killesher Parish

Statement of Receipts and Payments

for the year ended 31[st] December 2022 NI Charities Number: 105442

1

Killesher Parish

Receipts and Payments Account for the year ended 31st December 2022

Notes
Receipts
Donations & plate collection (general)
1
Donations & plate collection for charitable
appeals
2
Proceeds from Fund Raising Events
3
Legacies
4
Bank & Deposit interest
Gift Aid
5
Investment income
6
Rental of Glebe Land
Rental of Church property
7
Sunday School Income
Graveyard and Funeral Receipts
Sale of assets
8
Other Receipts
9
Receipts from Parish Organisation’s
10
Grants
11
Total Receipts		 Unrestricted
Funds
2022
£
42,142.29
5,635.03
2,877.80
7.31
17,749.52
825.65
1,200.00
10,500.00
0.00
1,870.00
300.00
1,629.13
1,451.33
36,689.76
122,877.82		 Restricted
Funds
2022
£
800.00
801.11
200.00
2,000.00
19.22
40.00
3,860.33		 Endowment
Funds
2022
£
10,000.00
10,000.00
 Total
2022
£
42,942.29
6,436.14
3,077.80
12,000.00
26.53
17,749.52
825.65
1,200.00
10,500.00
0.00
1,870.00
300.00
1,669.13
1,451.33
36,689.76
136,738.15

Notes:

20 - CCLI licence and Hymnal (Music Edition) for Druminiskill from restricted funds and £97.63 cover expenses paid directly from Vacancy Fund.

2

Killesher Parish

Receipts and Payments Account for the year ended 31st December 2022

Notes
Payments
Wages and Salaries
Diocesan Costs/Assessment
12
St John's Church Running Costs
13
Druminiskill Chapel of Ease Running
Costs
14
Glebe Costs
15
St John's Annexe Running Costs
16
St John's Annexe Refurbishment
Costs
Parish Insurance
Old Gate Hall
17
Poole Property Running Costs
18
Administration Costs
Charitable Donations
19
Sunday School Running Costs
Service costs
20
Bank Charges
Catering
Honoraria and Gifts
21
Platinum Jubilee Event Expenses
Miscellaneous expenses
22
Total Payments
Excess of Receipts over Payments for the
year before transfers
Transfers
Excess of Receipts over Payments for
the year
Treasurer – Dr Nicholas Lipscomb
Chair – Rev Ruth West		 Unrestricted
Funds
2022
£
0.00
57,748.88
4,440.93
2,137.22
1,891.17
2,025.89
41,548.69
3,586.91
500.00
1,642.88
271.37
7,548.53
72.26
152.00
188.33
289.28
1,950.00
498.48
1,055.40
127,548.22
(4,670.40)
(4,670.40)		 Restricted
Funds
2022
£
1,970.00
1,020.00
149.78
20.68
3,160.46
699.87
699.87		 Endowment
Funds
2022
£
0.00

10,000.00
10,000.00		 Total
2022
£
0.00
57,748.88
4,440.93
4,107.22
1,891.17
2,025.89
41,548.69
3,586.91
500.00
1,642.88
271.37
8,568.53
72.26
301.78
209.01
289.28
1,950.00
498.48
1,055.40
130,708.68
6,029.47
0.00
6,029.47

Date: 25[th] October 2023

3

Killesher Parish

Statement of Assets and Liabilities as at 31[st] December 2022

Cash Funds
Current Accounts
Cash in Hand
Funds Held by the Diocese
Total Cash Funds
Investment Assets
Investments in RCB General Unit Trusts NI
Investment Properties
Total Investment Assets
Assets retained for the Parish’s own use
Glebe House
Total Assets retained for the Parish’s own use		 Unrestricted
Funds
2022
£
Restricted
Funds
2022
£
Endowment
Funds
2022
£
Total
2022
£
35,560.98
41,852.40
77,413.38
130.66
130.66
13,513.78
13,513.78
35,560.98
55,498.84
91,057.82
75,650.00
75,650.00
99,999.00
99,999.00
175,649.00
175,649.00
250,000.00
250,000.00
250,000.00
250,000.00

On Behalf of the Trustees: Treasurer – Dr Nicholas Lipscomb Chair – Rev Ruth West

Date: 26[th] October 2023

4

Killesher Parish

Notes to the financial statements for the year ended 31[st] December 2022

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 Liabilities

(i) Assets retained for the Parish’s own use

The assets of the Parish, retained for its own use comprise:-

The Church Buildings and Graveyards are deemed to be Heritage assets as defined by the Charities SORP (FRS102).

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 the parish.

St John’s Annexe was built in 1999. There are no reliable records of the cost of this construction 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.

Druminiskill Hall was built in 2004. There are no reliable records of the cost of this construction 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.

The Glebe House is recognised at cost being the estimated fair value of the property at 20[th] October 2018. 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.

These properties are all vested in the RCB.

5

Killesher Parish

Notes to the financial statements for the year ended 31[st] December 2022

ii) Investments

Fixed asset investments comprising investment properties, investments in equities (ordinary shares) and investment in RCB Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each year end date.

The Parish owns a commercial property in Poole, England. This has its own group of independent Trustees. The Parish pays ground rent and insurance on this property and receives a quarterly income. This property is recognised at cost being the estimated fair value of the property at 20[th] October 2018. No depreciation has been provided on the property as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years.

The Parish owns 16 acres of Glebe land, which is vested in the RCB. This land is rented to two local farmers for agricultural use.

iii) Assets co-owned by the Parish

Old Gate Hall, Florencecourt – The Parish owns 50% of this property (the remainder is owned by Loyal Orange Lodge 362) which is managed under its own constitution by its own board of Trustees. The Parish is liable for 50% of the annual insurance of the Old Gate Hall and contributes to ad hoc maintenance costs when these cannot be met from the Hall’s own funds. There are no reliable records of the cost of this construction 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.

2. Reconciliation of Cash Funds

onciliation of Cash Funds
Total Cash Funds at Beginning of the year
Receipts for the Year
Payments for the Year (Banked in Sunday School Fund)
Total Cash Funds at end of the year		 £
130.66
0.00
0
130.66

6

Killesher Parish

Notes to the financial statements for the year ended 31[st] December 2022 (continued)

3. Movement in Funds

. Movement in Funds
Endowment funds
In Memory Evelyn Armstrong
In Memory Reggie Johnston
In Memory Robert Johnston
In Memory Thomas Hamilton
In Memory Maud Cunningham
Restricted funds
Logos Ministries
Defibrillator Account
Annexe
No 3 Account – Druminiskill
Vacancy Fund (Held by Diocese)
Designated funds
Worship Development Fund
Sunday School
Graveyard
Flower Festival Fund
Total funds		 At 1 Jan
2022
£
11,000.00
1,160.00
1,000.00
305.00
2,500.00		 Incoming
Resources
£		 Outgoing
Resources
£		 Transfers
£
 At 31 Dec
2022
£
11,000.00
1,160.00
1,000.00
305.00
2,500.00
15,965.00
1,281.92
716.00
3,125.00
12,656.38
11,693.41
29,472.71
1,486.35
443.95
1,654.02
6,906.14
10,490.46
55,928.17		 801.11
2819.22
1920.00
5,540.33
0.00
5,540.33		 (1,020.00)
(2,867.60)
(1,990.68)
(97.63)
(5,975.91)
(52.15)
(72.26)
(124.41)
(6,100.32)		 15,965.00
1,063.03
716.00
257.40
13,484.92
13,515.78
29,037.13
1,434.20
371.69
1,654.02
6,906.14
10,366.05
55,368.18

7

Killesher Parish

Notes to the financial statements for the year ended 31[st] December 2022

(continued)

Purposes of Endowment Funds

Purposes of Restricted Funds

 Logos Ministries Fund – used to support Mr Alan Dourish working as a missionary with Logos Ministries.

 Defibrillator Fund – for the purchase, maintenance and training costs of defibrillators on parish properties.

 Annexe Fund – for capital expenses relating to St John’s Annexe

 No 3 Account Druminiskill – Expenditure relating to Druminiskill Chapel of Ease including its Hall and Graveyard.

Purposes of Designated Funds

Funds Held by Kilmore, Elphin and Ardagh Diocese on Behalf of the Parish

8

Killesher Parish

Notes to the financial statements for the year ended 31[st] December 2022 (continued)

4. Collections for Third Parties

Fields of Life (Sunday School Sponsorship)
Kind Fund (Easter Appeal)
NI Air Ambulance (Easter Appeal)
SANDS NI
Bishops' Appeal
Lord Enniskillen Memorial Orange Orphan Society
RBP 903 - Black Parade
Logos Ministries International - East Africa Tractor and Plough Appeal (Harvest Appeal
& Gospel Concert))
Cruise (Harvest Appeal)
Royal British Legion Poppy Appeal
The Samaritans (Christmas Appeal)
Logos Ministries (Alan Dourish)		 2022
£
288.00
620.00
625.00
565.23
566.00
292.95
139.10
2,500.00
874.50
277.75
800.00
1,020.00
8,568.53

The above amounts have been included in Receipts for the Year under “Donations & plate collection for charitable appeals” and in Payments for the year under “Charitable Donations”. The donation to the LMI Tractor and Plough Appeal includes £1,625.50 from the Gospel Concert shown under fundraising.

5. Transactions with the Trustees

One of the Trustees rents part of the Glebe Land for £200.00.

Trustees were contracted to undertake maintenance work totalling £907.20.

6. Governance Costs

No governance costs were incurred during the year. Governance costs are included within Administration costs in the Receipts and Payments Accounts.

9