Receipts and Payments Account for the year ended 31 December 2023 Unrestri¢ted Designated Restricted EDdowm¢nt funds fuDds fvnds 2023 2023 2023 Total funds 2023 Total funds 2022 2023 Receipts Donations & plate collectiolls Proceeds from Fund Raising Ev¢nts Legacies Bank & Deposit interest Investment income Rcntal of pr¢mises 76,732.63 6.802.05 1,303.67 970.00 78,036JO 72,896.40 7.772.05 5,624.00 500.16 500.16 646.15 104.31 99.89 700.00 270.00 2,500.00 1.512.00 1,220.00 1,023.00 1,043.00 756.80 91,875.8 82.828.24 104.31 700.00 2,500.00 Oth¢r Receipts Receipts from Parish Organisations Total Receipts 1.220.00 1,043.00 ,954.84 1,043.iX1 4,877.98 Payments Diocesan CostslAssessment Church & Hall Running Costs GlebelRectory Costs Administrative Costs Fundraising Costs Charitable Donations Paynents from PaTish Organisations Fun(Ls TransfeThed to Inveslments Total Payments 60.768.97 9,210.94 1267.32 3.964.90 225.00 2,198.93 488.86 104.31 2,500.00 60,87328 51,940.02 11,710.94 8,761.82 1267J2 1,487.37 3964.90 4,115.91 225.1)0 225.00 4,472.60 3,628.99 1,432.90 1,863.37 2,000.00 2,000.110 944.04 4,877.98 2,000.00 85,946.9 2,273.67 ,124.92 72.022.48 Exeessl(Deficit) of receipts over payments for the year before transfers 7,829.92 98.96 (2,000.00) 5J28.88 10.805.76 Transfers Gross transfers between fi]nds - in Gross transfers between fimds - out 1,000.00 1,000.00 (1,000.00) {I,000.00) Ex¢essl(Defi¢lt) of rec¢lpts over payments for the year 29.92 98.96 i 000.00 5,928 10,805.76 On Behalf of the Trustees Trnstee I A Irww Rector Trnstee 2 R Jos4)IvKey Chureh Treasurer Page 7
Statement of Assets and Liabllities as at 31 December 2023 Unrestrieted Dtslgnated Restrlcted EDdoJYment Funds Fwnds Funds Fnnds 2023 2023 2023 2023 Tolal Fllnds 2023 Totsl Funds 2022 Casb Fund8 General Purpose5 Account 54,838.68 54038.68 49,329.59 Maintenan¢¢ ACcot 11,799.25 11,79925 11.573.97 Santander Savings Arxount 47,915.32 Danske Savin88 Account 50.000.00 50.0011.00 Progressive Savings Account 13.89 13.89 2,003.02 Bowling Club Bank Account & Cash Balance 867.11 867.11 698.58 Young at Heart Ae¢ount ,378.20 iJ78.20 1,447.77 Totsl Cash Funds IIA651J2 2,245.31 118,897.13 112,968.25 Investment Assets Fixed Terni Deposit Account Bequests 68.663.15 68,663.15 66,663.15 RCB Ittvestments 9,512.67 912.67 9,360.85 Total Investment A81¢ts 78,175.82 78,175.82 76,024.00 Assels retalned for the Parllh's own use Chur¢h Hall 300,000.00 31KI,000.00 300,(M)O.00 Glebe House/Rectory 180,000.00 180,IKIO.00 180,000.00 Fixtsres and Fittings 1,771.00 1,771.00 2,875,00 Totsl Assels retslned for tbe Parf$h's own use 481,771.00 481,771.00 482,875.00 Totsl Assets 598,422A2 2245.31 78,175.82 678,843.95 671.86725 On Behalf of the Trustee5 Trustee I AIrw Rector Thistee 2 RJo>olvKey Church Treasurer Page 8
Notes to the financial statements for the year ended 31 December 2023 l. Accounting polities Set out below are the principal accounting policies which have been adopted in th¢ compilation of th¢ Receipts and Payments Account and the Statement of Assets and Liabilities (a) Re¢eApts and Payments A¢count All items of income and expenditure included within the Receipts and Payments Accouni have been accounted for on a cash receipts basis. (b) Statement of Assets gnd Liabilltles (i) Asseis retainedfor the Porish's own use The assets of the Parish, retained for its own use comprise:. Church Building and Graveyard Church Hall Glebe Housefftectory Fixtures and fittings The Church Building aDd Graveyard are deemed to be H¢ritage assets as defined by the Charities SORP (FRS102). These Heritage assets are not included in the statement of assets and liabilities as infonnation on the cost or valuation is not available and such inforniation cannot be obtained at a cost commensurat¢ with the benefit to the users of the accounts and to the Parish. The Church Hall was built around 200612007 and was officially opened in 2007. It is recognised in the statement of assets and liabiliti¢s at its approximate cost of construction. No depreciation has been provided on the Church Hall as its current estimated residual value is not less than its carrying value and the remaining useful life cUentlY exceeds 50 years. The Glebe HouselRectory is recognised at deemed cost, being the capital value placed on the propety for Rates purposes. No depreciation has been provided on the Glebe HouselRectory as the current estimated residual value is not less than its carrying value and the remaining us¢ful life currently exceeds 50 years. Fixtures and Fittings are recognised at Cost and are depreciated on a straight line basis over period of 5 years. The Church has set a minimum threshold of cost for an item of £1,000 for it to be considered to be capitalised as a fixed asset. {fil) Investments Fixed asset investments comprising Fixed Tenn Deposit Account Bequests and Representative Church Body (RCB) Investm¢nts are initially recorded at cost and are then subsequently stated at fair value at each year end date. Page 9
Notes to the financial statements for the year ended 31 December 2023 (continued) 2. Reconclllation of Cash Funds Total Cash Funds at Bcginning of the year Receipts for the Year Payments for the Year Totsl Cash Funds at end of the year 112.968.25 91,875.82 (85,946.94) £118.897.13 3. Movement in Funds Atqthtd let •f nd D¢pr¢dd AtlJ*n zo At31 DrE 2011 Rwourc¢y RtJollrrt4 Fixed T¢nD Dep05il AriouDI Bequejts 66.663.15 1000.00 68,063.15 Pmmgiv¢ SIThi o.000.wi I,OOD.00 60.85 151.82 9.512.67 .LWJD.WI 2,000.00 151.82 78.J75.82 Rutrlctt41 foD 4.877.98 {4.877.981 U•r¢thlttsd fond8 BowliD8 Club F4 698.38 536.00 (367.47) 867.11 DES1•t Yo)•t He¥rt FuDd 1.447.77 507.(XJ (576.57) 1.378.20 CKnusl FLmd 591696.90 85.9Y.84 &124.92) 11.104.001 598A2182 594.843.25 86.997.84 179.068.96) {i.(MxJ.00 (1.104.rK)I 61)K668.13 91,875.82 (85.946.94 896.00 151.82 67&84395 T•tsifllDdi 671,867.25 ses of Endowment Funds The Fixed T¢nn Deposit Account Bequests, the Progressiv¢ Savings Account Monies and the RCB Investments relate to various pernianent endowments that the Church has received that are invested with banks or building societies and the Representative Church Body with the income each year from such investments being paid to the Church for general Church purposes. ses of Restricted Funds -sundry Restricted Funds: These relate to various sundry restricted monies received. Page 10
Notes to the financial statements for the year ended 31 December 2023 (continued) 3. Movement in Funds (continued) Pu oses of Desi ated Funds Bowling Club Fund: These funds have been set aside for the activities of the Church's Bowling Club. Young at Heart Fund: These funds have been set asid¢ for the activities of the Chuirh's Young at Heart Group. 4. Collections for Third Parties Mission Funds LEMOOS Earl Haig Fund Bishops App¢al 692.47 264.00 138.60 208.60 £1,303.67 The above amounts have been included in Receipts for the Year under "Donations & plate collections" and in Payments for the year under "Charitable Donations" 5. Transaetlons with the Trustees The Church paid expenses of £1,267.32 during the y¢aT relating to the running costs of th¢ Glebe HouselRectory, which is occupied by the Rector. During the year the Select Vesty decided to make a gift of £500.00 each to two Trustees (Mrs Isobel Kilfedder and Mrs Jean Woods) in respect of Sexton services provided to the Church. 6. Governance Costs Governance costs of £618 were incuTred during the year ended 31 December 2023 which solely relate to fees paid to the Independent Examiner of the Church's accounts. Governance costs are included within Administrative Costs in the Receipts and Payments Accounts. Page 11