GALLOON PARISH CHURCH OF IRELAND
NOTES T
THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
l. Accounting polldes
Set out below are the principal accounting policies which have been adopted in the compilation of the
Receipts and Payments A¢¢ount and the Statement of Assets and L4ablllties.
al Receipts and Payments Account
All items of income and expenditure Included withln the Recelpts and Payment5 Account have been accounted
for on a cash recelpts basls.
bl Statement of Assets and Llbllltles
11 The •ss•ts ol the Parlsh, r•talned for Its own US• wmprlse:
Church Building ond Graveyard
Church Hall
- Rectory
Sunday School Hall
Other fixed assets - organ purchased 2018
The Church Building and Graveyard are deemed to be Herltage assets as deflned by the
CharltSes SORP IFRS 1021. These HerStage assets are not Included In the statement of assets and Ilabilltles as
Information on the cost of valuationls not avallable and such information cannot be obtained at a cost
commensurate wlth the beneflt to the users of the account5 and to the Parlsh.
The Church Hall , Rectory, Sundoy School Hall and Organ are In the accounts at the Insurance value hs per the 2023
insurance valuatlon.
111 Investments
Flxed asset lrtvestments comprlslng other propertles, post office and RC8 Investments are
Intlally recorded at Cost and are then subsequently stated at falr value at each year end date.
2. Reconclllatlon of cash funds
Total cash funds at beglnning of the year
Total recelpts for year
Total payments for year
Add Investment Interest transferred
Less capital expendlture
Le55 transfer to investments a￿etS
26,861
51,477
145.6191
156
11,0001
Total cash funds at end of the year
31,876

GALLOON PARISH CHURCH OF IRELAND
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestrlrted Desl8nated
Funds
Funds
2023
2023
Restricted
Funds
2023
Total
2023
Total
2022
Recel
Donations and Collections
Proteeds from Fund Raising Event5
Donations for organ fund
Inve5rment Income
Re,i ¥ai income
rlall ,n.eome
G". aveyard income
M".sce"aneous in¢ome
C.-a-".s -eceived
Total Receipts
29,946
6.298
1,750
2,236
31,696
8,533
42,135
6,459
548
3,764
548
3,764
993
1.900
3,392
1,200
52,025
201
3,738
926
1,800
2,997
802
59,058
993
1,900
3,115
277
600
5,855
600
600
45,S70
Pa
D ocesa p Assessment
Chu'rc* Running Costs
Repairs to church bulldlngs
Hall Running Costs
Rectory Costs
Graveyard costs
Rental c05t5
Administrative Costs
Clergy costs
Charitable Donations
Sunday School Expenses
Sundry
Men
27,068
3,146
27,068
3,746
23,151
2,767
600
2,573
2,573
1.926
1,250
1,320
1,056
2,670
954
814
2,241
986
1,820
1,250
1,209
1,076
2,545
1,707
494
3,199
1,926
1,250
937
1,056
2,670
954
814
2,049
384
192
Total Payments
41,869
3,149
600
45,619
40,204
Galn/lLoss) on Investments
excess of Re¢elpts over Payn7ents for the year
beloro transfers
3,701
2,705
6,406
18,854
Transfers between funds
Excess of Re¢elpts over Payments for the year
3,701
2,705
6,406
18,854
On behalf of the Trustees
Mr Richard Bell
Date..
AK13/ 14c

GALLOON PARISH CHURCH OF IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
l. Accounting poll¢les
Set out below are the principal accounting pollcies which have been adopted in the compilation of the
Receipts and Payments Account and the Ststement of Assets and Llablllties.
al Recèipts and Payments Account
All iterns of income and expendlture Included withln the Recelpt5 and Payments Account have been accounted
for on a cash recelpts basis.
bl Statement of Assets and UbllltS•9
The assets of the Parlsh, retalned for Its own uie comprlse:
Church Building and Graveyard
Church Hall
- Rectory
- Sunday School Hall
- Otr*r fixed assets - organ purchased 2018
The Church Building and Graveyard are deemed to be Herltage assets as deflned by the
Charit.,es SORP IFRS 1021. These Herltage assets are not Included In the 5t3tement of assets and Ilabilitles as
Information on the cost of valuation Is not avallable and such information cannot be obtalned at a cost
commensurate wlth the beneflt to the users of the accounts and to the Parlsh.
The Church Hall, Rectory, Sunday School Hall and Organ are In the accounts at the Insurance value as per the 2023
Insurance Yaluatlon.
lil Investments
Flxed asset Invèstments comprlslng other propertles, post office and RC8 Investments are
Intially recorded Jt C05t and are then Subsequently stated at falr value at each year end date,
2. R•conclllatlon of cash funds
Total cash funds at beglnnlng of the year
Total recelpts for year
Total payments for year
Add Investment Interest transferred
Less capital expendlture
Le55 transfer to investments assets
2S,861
51,477
145,6191
156
11,0001
Total cash funds at ènd of the year
31,876

GALLOON PARISH CHURCH OF IRELAND
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31 DECEMBER 202
Unrestrlrted Designated Restrlcted
Funds
Funds
Funds
2023
2023
2023
Total
2023
Total
2022
Cash Funds
Cash account
Hall account
Church Warden account
Current account
8,164
150
5,254
8,314
5,254
18,307
6,015
2,699
18,147
18,307
Total Cash Funds
26,471
5,404
31,876
26,861
Investment Assets
Other property
Post office investments
RCB Snvestments
138,220
51,811
10,522
138,220
51,811
10,522
127,040
50,420
10,216
Total Investment Assets
200,553
200,553
187,676
Assets retalned for the Parlsh's use
Church Hall
Sunday school hall
Rectory
Other flxed assets
1,337,970
98,338
811,352
254,666
1,337,970
98,338
811,3S2
254,666
1.229,752
90,384
745,728
228,810
Total assets retalned for the Parlsh's use
2,502.326
2.502.326
2,294,674
Total Assets
2,729,351
5,404
2,734,755
2,509,211
On behalf of the Trustees
Mr Rlchard 8ell
Date: