# **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:
- 1 - Restricted donations - £380.00 for Druminiskill Chapel of Ease.
- 2 - Easter Appeal, Harvest Appeal, Christmas Appeal and Bishops' Appeal. Plate collections for Lent and Poppy Appeal. Monies raised to support Alan Dourish’s work with Logos Ministries International £730.25 and Andrew & Joanne Quill’s work with CMSI £954.41 are placed in restricted funds.
- 3 - Fund raising events in 2023 - Auction £3,801.50 to general funds; Christmas Tree Festival £9,286.25 & Little Seeds £7,328.00 as restricted funds
- 4 - Legacies received in 2023 - £5,000.00 from the late Mrs Dorothy Burns
- 5 - 2022 Gift Aid received in 2023.
- 6 - RCB Unit Trust Income.
- 7 - Rent of Investment Property in Poole £10,500.00, rental of annexe £710.00; rental of Druminiskill Hall £50 (restricted).
- 8 - Income from NIE Wayleaves payment, Action Renewables, subscriptions for Diocesan Magazine, donations for parish BBQ, uncashed cheque and
- £25.00 unallocated funds and £600.00 Power NI Energy Bill’s Support payment.
- 9 - FODC Communities premises grant £1,000.00 and FODC Grant for Platinum Jubilee £500.00
- 10 - Killesher Parish Assessment £63,378.19.
- 11 - Maintenance of church and graveyard, utilities and £100.00 to Diocesan Church Repair Fund.
- 12 - Maintenance and utilities.
- 13 - Rates, utilities and maintenance
- 14 - Maintenance and utilities.
- 15 - 50% of insurance as Parish is co-owner.
- 16 - Ground rent for investment property in Poole 2021 and 2022
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
- 22 - Scribe Diocesan Magazine £570.00; Killinagh - £69.60; Defib repairs £336.05 from restricted funds.
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:-
- St John’s Church, Florencecourt - Building and Graveyard
- Druminiskill Chapel of Ease - Building and Graveyard
- St John’s Church Annexe
- Druminiskill Hall
- Glebe House
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**
- RCB General Unit Trust (NI)
- Commercial Property in Poole
- 16 acres Glebe Land
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
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|
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## **Killesher Parish**
## **Notes to the financial statements for the year ended 31[st] December 2023 (continued)**
## Purposes of Endowment Funds
- Evelyn Armstrong Fund; Reggie Johnston Fund; Robert Johnston Fund, Thomas Hamilton Fund and Maud Cunningham Fund are the remaining proceeds from various bequests and donations made to the Parish to be used as stated by the donor in the bequest or at time of donation.
## Purposes of Restricted Funds
- Logos Ministries Fund – used to support Mr Alan Dourish working as a missionary with Logos Ministries.
- CMSI Quill’s Fund - used to support Rev Andrew and Mrs Joanne Quill working as missionaries with CMSI.
- 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
- Worship Development Fund – Costs associated with worship and ministry.
- Sunday School Fund - Funds set aside for use by the Sunday School.
- Graveyard Fund – Funds set aside for the maintenance of the Graveyard.
- Capital Expenditure Fund (formerly the Flower Festival Fund) – Funds raised for large projects or one off expenses in the parish includes the residual of the monies raised for 2013 Flower Festival and proceeds of 2023 Christmas Tree Festival.
- Little Seeds Funds - Proceeds of the Little Seeds fundraisers.
## Funds Held by Kilmore, Elphin and Ardagh Diocese on Behalf of the Parish
- Vacancy Fund – Funds from parish assessment during the period between rectors – used by the diocese to provide services in the parish during the vacancy and the balance is used for maintenance and renovation of the Glebe. In addition, both Killesher and Killinagh Parishes pay into this fund via their diocesan annual assessment for maintenance of the rectory following the building of a single rectory for the group of parishes. These funds to be used for maintenance and renovation of the glebe.
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