 |
The Church Of Ireland
|
STANDING COMMITTEE
REPORT OF PROCEEDINGS
laid before
The General Synod at its
One Hundred and Twenty-ninth Ordinary Session
1999
APPENDIX I
PRIORITIES FUND
| INCOME AND EXPENDITURE ACCOUNT |
Year ended 31 December |
|
| 1998 | 1997 | |
| IR£ | IR£ | |
| INCOME | ||
| Contributions from dioceses | 334,511 | 360,881 |
| Contributions from individuals | 8,755 | 650 |
| Deposit interest | 11,223 | 9,753 |
| Dividend income | 9,772 | 5,210 |
| Realised gain on sale of investment | 901 | 1,591 |
| Miscellaneous income | 396 | - |
| __________ | __________ | |
| 365,558 | 378,085 | |
| __________ | __________ | |
| EXPENDITURE | ||
| Administration expenses | ||
| Salaries and PRSI | 10,386 | 10,918 |
| Organiser’s and Committee expenses | 605 | 999 |
| Printing and stationery | 1,167 | 1,349 |
| Postage and photocopying | 348 | 268 |
| Miscellaneous | 1,092 | 655 |
| __________ | __________ | |
| 13,598 | 14,189 | |
| __________ | __________ | |
| Grants and Loans | ||
| Ministry | 122,181 | 134,191 |
| Retirement benefits | 21,064 | 25,076 |
| Education | 89,304 | 82,922 |
| Community | 61,493 | 45,673 |
| Areas of need | 35,531 | 74,626 |
| __________ | __________ | |
| 329,573 | 362,488 | |
| __________ | __________ | |
| Total Expenditure | 343,171 | (376,677) |
| Currency Exchange (loss)/gain on conversions during the year | (10,391) | 33,134 |
| __________ | __________ | |
| Surplus/(Deficit) for year | 11,996 | 34,542 |
| __________ | __________ | |
| FUND ACCOUNT |
Year ended 31 December |
|
| 1998 | 1997 | |
| IR£ | IR£ | |
| CURRENT ASSETS | ||
| Cash in bank | 29 | 91 |
| Cash on deposit | 382,853 | 378,773 |
| __________ | __________ | |
| 382,882 | 378,864 | |
| CURRENT LIABILITIES | ||
| PAYE/PRSI | (2,914) | (3,735) |
| Central Communications Board Grant | (13,000) | (13,000) |
| INVESTMENTS | ||
| Investments and deposits held by the RCB in trust, at cost | 143,866 | 136,709 |
| __________ | __________ | |
| 510,834 | 498,838 | |
| __________ | __________ | |
| FUNDS EMPLOYED | ||
| Balance at 1 January | 498,838 | 464,296 |
| Surplus for year | 11,996 | 34,542 |
| __________ | __________ | |
| Balance at 31 December | 510,834 | 498,838 |
| __________ | __________ | |
ACCOUNTANT’S REPORT
The Standing Committee is responsible for preparing the Income and Expenditure Account and the Fund Account for the year ended 31 December 1998. We have examined the above and have compared them with the books and records of the Fund. We have not performed an Audit and accordingly do not express an audit opinion of the above statements. In our opinion the above statements are in accordance with the books and records of the Fund.
PricewaterhouseCoopers
Chartered Accountants
9 March 1999
Return to Standing Committee Report 1999
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