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2023-12-31-accounts

Killesher Parish

Statement of Receipts and Payments

for the year ended 31[st] December 2023

NI Charities Number: 105442

1

Killesher Parish

Receipts and Payments Account for the year ended 31st December 2023

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
Other Receipts
8
Receipts from Parish Organisation’s
Grants
9
 Unrestricted
Funds
2023
£
42,363.28
4,086.96
3,801.50
5,000.00
91.71
8,329.28
1,018.63
1,200.00
11,210.00
0.00
2,677.96
0.00
2,397.17
0.00
1,500.00
83,676.49		 Restricted
Funds
2023
£
380.00
1,684.65
16,614.25
147.60
50.00
18,876.50		 Endowment
Funds
2023
£
0.00		 Total
2023
£
42,743.28
5,771.61
20,415.75
5,000.00
239.31
8,329.28
1,018.63
1,200.00
11,260.00
0.00
2,677.96
0.00
2,397.17
0.00
1,500.00
102,552.99

Total Receipts

Notes:

17 - For details of donations see collections for 3[rd] Parties below. Payment to Logos Ministries £1,020 comes from restricted funds raised in previous years. Funds raised to support Andrew & Joanne Quill’s work with CMSI not paid out until 2024.

18 - CCLI licence

19 - Gifts for Organists and Musicians £750.00; Sexton at Druminiskill £300.00; Gift re Bishop Ferran’s 10[th] Anniversary £100.00 and Honararium for Mr Robert Waterson - Independent Examiner £200.00 (re 2022)

20 - Costs associated with Christmas Tree Festival

2

Killesher Parish

Receipts and Payments Account for the year ended 31st December 2023

Notes
Payments
Wages and Salaries
Diocesan Costs/Assessment
10
St John's Church Running Costs
11
Druminiskill Chapel of Ease Running
Costs
12
Glebe Costs
13
St John's Annexe Running Costs
14
Parish Insurance
Old Gate Hall
15
Poole Property Running Costs
16
Administration Costs
Charitable Donations
17
Sunday School Running Costs
Service costs
18
Bank Charges
Catering
Honoraria and Gifts
19
Events
20
Miscellaneous expenses
21
Total Payments
Excess of Receipts over Payments for the
year before transfers
Transfers
Excess of Receipts over Payments for
the year		 Unrestricted
Funds
2023
£
0.00
63,378.19
3,537.28
1,579.91
1,908.61
4,341.16
4,021.61
500.00
500.00
491.73
4,777.10
338.30
163.00
208.39
902.05
1,250.00
1,502.85
639.60
90,039.78
-6,363.29
-6,363.29		 Restricted
Funds
2023
£
1,300.00
1,020.00
18.63
75.00
336.05
2,749.68
16,126.82
16,126.82		 Endowment
Funds
2023
£
0.00
0.00
0.00		 Total
2023
£
0.00
63,378.19
3,537.28
2,879.91
1,908.61
4,341.16
4,021.61
500.00
500.00
491.73
5,797.10
338.30
163.00
227.02
977.05
1,250.00
1,502.85
975.65
92,789.46
9,763.53
0.00
9,763.53

Treasurer – Dr Nicholas Lipscomb Chair – Rev Ruth West

Date: 31[st] October 2024

3

Killesher Parish

Statement of Assets and Liabilities as at 31[st] December 2023

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
2023
£
Restricted
Funds
2023
£
Endowment
Funds
2023
£
Total
2023
£
31,119.49
56,138.08
87,257.57
130.66
130.66
15,252.78
15,252.78
31,119.49
71,521.52
102,641.01
77,918.00
77,918.00
99,999.00
99,999.00
177,917.00
177,917.00
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: 31[st] October 2024

4

Killesher Parish

Notes to the financial statements for the year ended 31[st] December 2023

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 2023

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 2023 (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
CMSI - Quills
Defibrillator Account
Annexe
No 3 Account – Druminiskill
Vacancy Fund (Held by Diocese)
Designated funds
Worship Development Fund
Sunday School
Graveyard
Capital Expenditure Fund
Little Seeds Funds
Total funds		 At 1 Jan
2023
£
11,000.00
1,160.00
1,000.00
305.00
2,500.00		 Incoming
Resources
£		 Outgoing
Resources
£		 Transfers
£
 At 31 Dec
2023
£
11,000.00
1,160.00
1,000.00
305.00
2,500.00
15,965.00
1,063.03
0.00
716.00
257.40
13,484.92
13,515.78
29,037.13
1,434.20
371.69
1,654.02
6,906.14
0.00
10,366.05
55,368.18		 730.25
954.41
577.60
2020.00
4,282.26
7,783.40
7,328.00
15,111.40
19,393.66		 (1,020.00)
(336.05)
(1,393.63)
(283.00)
(3,032.68)
(338.30)
(338.30)
(3,370.98)		 15,965.00
773.28
954.41
379.95
257.40
12,668.89
15,252.78
30,286.71
1,434.20
33.39
1,654.02
14,689.54
7,328.00
25,139.15
71,390.86

7

Killesher Parish

Notes to the financial statements for the year ended 31[st] December 2023 (continued)

Purposes of Endowment Funds

Purposes of Restricted Funds

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 2023 (continued)

4. Collections for Third Parties

Fields of Life (Sunday School Sponsorship)
Alzheimer's Society (Easter Appeal)
Asia Link (Easter Appeal)
Bishops' Appeal
Lord Enniskillen Memorial Orange Orphan Society
RBP903 - Black Parade
USCA
Combat Stress (Harvest Appeal)
Royal British Legion Poppy Appeal
Air Ambulance (Christmas Appeal)
Logos Ministries
CMSI		 2023
£
288.00
622.00
622.00
270.50
372.30
167.50
352.15
924.40
418.00
740.25
1020.00
0.00
5,797.10

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 donations to the Logos Ministries of £1020.00 is from funds raised previously and held in a restricted fund the figure for funds raised in 2023 is detailed under restricted funds above. Similarly no funds where paid out to CMSI in 2023 and the money raised in 2023 was placed in a restricted fund to provide regular support in 2024.

5. Transactions with the Trustees

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

Trustees were contracted to supply catering worth £543.34.

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