**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.