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