GALLOON PARISH CHURCH OF IRELAND RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted Designated Funds Funds 2022 2022 Restrict d Funds 2022 Total 2022 Total 2021 Recei Donations and Collections Proceeds from Fund Raising Events Donations for organ fund Investment Income Rental income Hall income Graveyard income Miscellaneous income Grants received Total Receipts 42,135 3,761 42,135 6,459 26,980 2,698 201 3,738 201 3,738 926 1,800 2,997 802 59,058 133 3,732 926 1,800 2,863 1,200 3,029 6,342 41,416 134 802 802 54,498 3,758 ents Diocesan Assessment Church Running Costs Repairs to church buildings Hall Running Costs Rectory Costs Graveyard costs Rental costs Administrative Costs Clergy costs Charitable Donations Sunday School Expenses Sundry 23,151 2,767 23,151 2,767 18,103 1,839 2,045 636 2,291 1,100 1,335 1,063 2,560 1,001 638 2,093 184 802 986 1,820 1,250 1,209 1,076 2,545 1,707 494 3,199 1,820 1,250 875 1,076 2,545 1,707 494 2,704 334 495 Total ayments 38,389 1,013 802 40,204 34,704 Gain/(Loss) on investments Excess of Receipts over Payments for the year before transfers 16,109 2,745 18,854 6,712 Transfers between funds Excess of Receipts over Payments for the year 16,109 2,745 18,854 6,712 On behalf of the Trustees Mr Richard Bell Date:
GALLOON PARISH CHURCH OF IRELAND STATEMENT OF ASSETS AND LIABILITIES ASAT 31 DECEMBER 2022 Unrestricted Designated Funds Funds 2022 2022 Restricted Fun 2022 Total 2022 Total 2021 Cash Funds Cash account Hall account Church Warden account Current account 6,015 6,015 2,699 18,147 5,481 2,150 16,474 1,000 2,699 18,147 Total Cash Fun 24,162 2,699 26,861 25,105 Investment Assets Other property Poit office investments RCB Investrnents 127,040 50,420 10,216 127,040 50,420 10,216 112,759 35,519 11,007 Tot I Investment Assets 187,676 187,676 159,285 Assets retained for the Parish's use Church Hall Sunday school hall Rectory Other fixed assets 1,229,752 90,384 745,728 228,810 1,229,752 90,384 745,728 228,810 1,091,512 80,623 661,899 206,654 Total assets ret inedf rtheP rish's use 2,294,674 2,294,674 2,040,688 Total Assets 2,506,512 2,699 2,509,211 2,225,078 On behalf of the Trustees Mr Richard Bell Dat
GALLOON PARISH CHURCH OF IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 l. 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 Libilities i) The assets of the Parish, retained for its own use comprise: Church Building and Graveyard Church Hall - Rectory Sunday School Hall Other fixed assets - organ purchased 2018 The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS 102). These Heritage assets are not included in the statement of assets and liabilities as information on the cost of 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. The Church Hall , Rectory, Sunday School Hall and Organ are in the accounts at the insurance value as per the 2022 insurance valuation. ii) Investments Fixed asset investments comprising other properties, post office and RCB investments are intially recorded at cost and are then subsequently stated at fair value at each year end date. 2. Reconciliation of cash funds Total cash funds at beginnin Total receipts for year Total payments for year Add investment Interest transferred Less capital expenditure Less transfer to investments assets of the year 25,105 58,857 (40,204) 155 (2,196) (14,856) Total cash funds at end of the year 26,861
GALLOON PA ISH CHURCH OF IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 3. Movement in Funds At Incoming Outgoing Investment Assets value increase/ Gain/(Loss) (decrease) 01.01.22 Resources Resources Transfers 31.12.22 Restricted Funds Restricted Funds 802 (802) 802 (802) Unrestrirted Funds Designated funds General Fund 2,150 2,222,928 3,758 54,452 (1,013) (38,389) (2,196) 2,699 253,986 2,506,513 13,536 2,225,078 58,210 (39,402) 13,536 251,790 2,509,212 Total Funds 2,225,078 59,012 (40,204) 13,536 251,790 2,509,212 Purposes of Designated Funds The designated fund is for the purpose of covering the running costs of the parish hall. 4. Collections for Third Parties R.B.L Poppy appeal R.B.P Charities Orange Charities Clogher Diocesan Social Fund Clogher Board of Mission S,E,F.F 439 183 183 183 100 618 1,707 The above amo nt have been included in receipts for the year under"Donations and collections" and in payments for the year under'charitable Donations"
GALLOON PARISH CHURCH OF IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 3. Movement in Funds At Incoming Outgoing Investment Assets value increase/ Gain/(Loss) (decrease) 01.01.22 Resources Resources Transfers 31.12.22 Restrirted Funds Restricted Funds 802 (802) 802 {802) Unrestricted Funds Designated funds General Fund 2,150 2,222,928 3,758 54,452 (1,013) (38,389) (2,196) 2,699 253,986 2,506,513 13,536 2,225,078 58,210 (39,402) 13,536 251,790 2,509,212 Total Funds 2,225,078 59,012 (40,204) 13,536 251,790 2,509,212 Purposes of Designated Funds he designated fund Is for the purpose of covering the running costs of the parish hall. 4. Collertions for Third Parties R.B.L Poppy appeal R.B.P Charities Orange Charities Clogher Diocesan Social Fund Clogher Board of Mission S.E.F.F 439 183 183 183 100 618 1,707 e above amount have been included in receipts for the year under Donations and collections" and payments for the year under "Charitable ations