Receipts and Payments Account for the year ended 31 December 2024 Unrestricted Designated Restricted Endowment funds fuDds funds fund5 2024 2024 2024 2024 Total fllnds 2024 Total funds 2023 Receipts Donations & plate collections Proceeds from Fund Raising Events Legacies Bank & Deposit inler¢st Investment income R¢ntal of pr¢mises Grants Other Rec¢ipts Receipls from Parish Organisations Total Re¢¢lpts 69,692.07 7,505.68 1,000.00 4,899.44 2,203.59 71,895.66 78,036.30 7,505.68 7.772.05 1,000.00 4,899.44 500,16 113.15 104.31 285.00 700.00 540.00 2,500,00 655.65 J.220.00 1029.20 1.043.00 8&723.7 91,875.82 113.15 285.00 540.00 655.65 1.829.20 4,037N 1029.20 2856.74 P4yJnents Diocesan CostslAs$essment Church & Hall Running Costs Gleb£iRectory Costs Administrative Costs Fundraising Costs Charitsble Donations Paym¢nts from Parish OrganisatioDS Funds Transf¢ed to Inveslments Total Payment8 59,137.66 8,645.45 1,806.50 2,719.14 922.40 2,850.51 582.14 2,015.24 113.15 540.00 59,250.81 60,873.28 9,185.45 11,710.94 1,806.50 1.267.32 2.719.14 3.964.90 922.40 225.00 5,054.10 4.472.60 2.597J8 1,432.90 2,000.IM) 85,946.94 2,203.59 6 663.80 2,01524 2 856.74 Ex¢essl(Defi¢it) of receipts over p#ymentJ for tbe year befor¢ trAnsfers 7J74.04 (186.04) 7,188.00 5.928.88 Transfers Gross transfers betwe¢n funds- in Gross transfers between funds- out ExeessllDefieit} of recelpt$ over paymeDts for the year J74.04 186.IM 7,188.0 5,928.88 On Behalf of the Trustees Trustee I AIrw Rector Trustee 2 Church Treasurer Page 7
Statement of Assets and Liabilities as at 31 December 2024 Unrestrl¢ted Deslgngted Restslcted Endowment Fund$ FuDds Fund5 Funds 2024 2024 2024 2024 Total Funds 2024 Totsl Funds 2023 Cash Funds General Pujposes Ac¢ount 47,512.15 47,512.15 54,838.68 Maintenance A¢ullt 16,484.64 16,484.04 11.799.25 Danske Savings Account 60,1)(K).00 00,000,•0 50,000.00 Progressive Savings Account 29.07 29.07 13.89 Bowling aub Bank A¢¢ount & Cash Balance 945.54 945.54 867.11 Young at Heart A¢t 1,113.73 1,113.73 1.378.20 Total C8sh Fund$ I24,0256 2,059.27 126,085.13 118,897.13 Invesrtmt A8gets Fixed Temi Deposit Account Bequests 68,663.15 68,663.15 68,663.15 RCB Investments 9,820.84 9,820.84 9,512.67 Tot21 Jnvestment Assets 7&483.99 78.483,99 78,175.82 Assets retained for the Partsh*s own llse Church Hall 300.000.00 300,iKIO.110 300,000.00 Glebe House/Rectory 180,000.00 180,IKIO.00 180,000.00 Fixtures and Fittings 886.00 1,77J.00 Total Assets retaln¢d for the Partsh's own use 480,886.00 480.886.00 481,771.00 Tot Assets 604911.86 2,059.27 78883.99 685,455.12 678,843.95 On Behalf of the Trustees Trustee I AIrw Rector Trustee 2 RJo34)Ke Church Treasvrer Page 8
Notes to the financiaI statements for the year ended 31 December 2024 l. Accountlng 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) Recelpts and Paymen Account All items of income and expenditure included within the Receipts and Payrnenls Arxount have been accounted for on a cash receipts basis. (b) Statement of Assets and Liabllities (i) Assets retainedfor the Pan"sh's oFvn Use The assets of the Parish, retained for its own use comprise:_ Church Building and Grav¢yard Church Hall Glebe HouselRectory Fixtures and fittings The Church Building and Graveyard are deemed to be HeTitsge assets as defined by the Charities SORP (FRS102). These Heritage assets are not included in the statemeni of assets and liabilities as infonnation on the cost or valuation is not available and such inforniation cannot be obtained at a cost cornmensurate with the b¢nefit to the users of th¢ 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 Jiabiliti¢s at its approximate cost of ConStntion. 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 currently ¢xceeds 50 years. The Glebe House/Rectory is recognised at deemed cost, being the capital value placed on the propety for Rates purposes. No depreciation has been provided on the Glebe House/R¢ctory as the current estimated residual value is not less than its Carrying value and the r¢maining useful life currently exceeds 50 years. Fixtures and Fittings are recognised at cost and are depreciated on a straight line basis over a 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 red asset. (Al) Investments Fixed asset investments comprising Fixed Tern] Deposit Account Bequests and Rq)resentative Church Body (RCB) Investments 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 2024 (continued) 2. Reconcillation of Cash Funds Total Cash Funds at Beginning of the year R¢ceipts for the Year Payments for the Year Totsl Cash Funds at end of the year 118.897.13 88,723.78 (81,535.78 £126,085.13 3. Movement in Funds Atlln Itstowlnz RMovrE At31 D¢t 20 RtlOUY¢¢I Drw¢¢latloD FiiedT¢rni Deit 6L663.15 RCB InYestDbMLts 9,512.67 3D8.I7 9,820.84 78.175.82 308.17 483.99 185&74 (1856.74} 1856.74 (1856.741 {4YJ.271 15.54 DeSiadBOwlIDSelllb Fwd 867.11 571.70 Dlsudy0ull8 H¢¥rt Fund 1.378.20 1257.50 11521.97) 1,113.73 G¢yYtwl Flld 598,422.82 84.037.84 (16,663.801 (855,DD) 6(M.911J6 6,668.13 ¥5I67.04 78,679.04) 1885.OD} 65.971.13 678.843,95 88,723.78 181.535.78) (885.ODI 308.17 685,455.12 Totsl fvnds ses of Endowment Funds The Fixed Tern) Deposit Account Bequests and the RCB Investments relaie to various pennanent endowments that the Church h&8 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: Thes¢ relate to various sundry restricted monies received. Page 10
Notes to the fmancial statements for the year ended 31 December 2024 (continued) 3. Movement in Funds (continued) ses of Desi ted Funds Bowling Club Fund: Th¢se fimds have been set aside for the activities of the Church's Bowling Club. - Young at Heart Fund: These funds have been set aside for the activities of the Chwch's Young at Heart Group. 4. Collections for Thlrd Parties Mission Funds LEMOOS Earl Haig Fund Brooke Hous¢ Clogher Diocesan Ministries Fund 794.49 300.40 182.55 730.00 196.15 £2,203.59 The above amounts have been included in Receipts for th¢ Year under "Donations & plate collections" and in Payments for the year under'charitable Donations" 5. Transa¢tRons Ivith the Trnstees The Church paid expenses of £1,806.50 during the year relating to the running costs of the Glebe House/R¢ctory, which is occupied by the Rector. 6. Governance Costs Governance costs of £618 were incurred during the yvar ended 31 December 2024 which solely relate to fees paid to the Independent Examiner of the Church's accounts. Gov¢rnance costs are included within Administrative Costs in the Receipts and Payments Accounts. Page 11