THE CABRAGH SCHOOL AND McCREIGHT ENDOWMENT
STATEMENT OF RECEIPTS AND PAYMENTS
YEAR ENDED 31 DECEMBER 2023
| Restricted funds 2023 £ RECEIPTS Investment income 4,795 PAYMENTS Donations ( 4,600) EXCESS OF RECEIPTS OVER PAYMENTS FOR THE YEAR 195 Cash funds at 31 December 2023 3,467 Cash funds at 31 December 2022 |
Total 2022 £ 4,904 ( 4,600) 304 3,272 |
|---|---|
There were no unrestricted funds in the year.
THE CABRAGH SCHOOL AND McCREIGHT ENDOWMENT
STATEMENT OF ASSETS AND LIABILITIES
YEAR ENDED 31 DECEMBER 2023
| Restricted funds 2023 £ CASH FUNDS Current accounts 3,467 Investment 123,470 TOTAL CASH FUNDS 126,937 TOTAL ASSETS 126,937 |
Total 2022 £ 3,272 123,470 126,742 126,742 |
|---|---|
There were no unrestricted funds in the year.
Original Signed by the trustees:
…………………………………… MR R TILSON Trustee
…………………………………… REV P MUNCE Trustee
…………………………………… …………………………………… REV C DARLING MR A COLLEN
Date ……18/10/24……………………….
THE CABRAGH SCHOOL AND McCREIGHT ENDOWMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
Set out below are the principal accounting policies which have been adopted in the compilation of the Statement of Receipts and Payments and the Statement of Assets and Liabilities.
(a) Receipts and payments
All items of income and expenditure included within the Statement of Receipts and Payments have been accounted for on a cash basis.
(b) Assets and liabilities
Cash and deposit balances are stated at their monetary amount.
Liabilities are included where there is a constructive or legal obligation falling upon the charity that requires a future economic outflow. However, no account is taken of amounts due in respect of the recurring expenses of the charity as these are recognised in the Statement of Receipts and Payments when paid.
2. TRANSACTIONS WITH TRUSTEES
The trustees did not receive either remuneration or the reimbursement of expenses in the year.
3. FUNDS
Restricted funds - this fund is used to support the work of the local schools and Parish churches in providing Christian religious education to children and youth in the local area.