Standing Committee Report 1999 Appendix N

The Standing Committee is responsible for preparing the Receipts and Disbursements Account for the year ended 31 December 1998. We have examined the above and have compared it 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.

1.	Foreign Currency Transactions have been translated to Irish Pounds at the rate of exchange ruling at 31 December 1998 (IR£1 - £0.8957).

		31 December
		1998	1997
		IR£	IR£
2.	Deposit Interest
	-Royalties Fund	5,278	4,663
	- Hymnal Revision Committee	366	146
	- Conference Reserve Fund	4	4
		__________	__________
		5,648	4,813
		__________	__________
3.	Ecumenical and Anglican Organisations
	- Anglican Consultative Council	27,566	27,948
	- Council of Churches for Britain and Ireland	17,223	17,287
	- Irish Council of Churches	28,581	29,548
	- Irish Inter-Church Meeting	3,628	3,751
	- Irish School of Ecumenics	13,000	13,000
	- Conference of European Churches	3,090	3,000
	- World Council of Churches	1,150	1,154
	- Delegates expenses (travel/conferences)	7,669	5,250
		__________	__________
		101,907	100,938
		__________	__________

4.	Central Communications Board
	- Press Office	62,804	59,928
	- Broadcasting Committee	3,711	7,578
		__________	__________
		66,515	67,506
		__________	__________

5.	General Synod Expenses
	- Cost of venue	9,708	7,335
	- Printing	6,005	6,046
	- Lunches and Facilities	1,413	(112)
		__________	__________
		17,126	13,269
		__________	__________

6.	Miscellaneous and Other Expenses
	- Minor Expenses of committees	2,781	2,373
	- Publications & Printing	93	2,016
	- Historiographer's expenses	300	300
	- Honorary Secretaries' expenses	1,520	1,391
	- Audit fees	556	544
	- Porvoo Ratification	2,361	602
	- Standing Committee Conference	1,206	-
		__________	__________
		8,817	7,226
		__________	__________

7.	Cash on Short Term Deposit
	- Royalties Fund	94,785	86,543
	- Hymnal Revision	5,366	3,421
	- Conference Reserve Fund	83	78
	Cash in Bank
	- Other Account Balances	40,680	2,147
		__________	__________
		140,914	92,189
		__________	__________

	31 December
	1998	1997
	IR£	IR£
INCOME
Interest and Dividends	751	729
Ven E Colvin Bequest	18	18
Refund Episcopal Electors' Expenses	1,273	6,567
	__________	__________
	2,042	7,314
	__________	__________

EXPENDITURE
Registrar, Court of the General Synod	50	50
Episcopal Electors' Expenses	1,273	6,567
	__________	__________
	1,323	6,617
	__________	__________

Surplus for year	719	697
Balance 1 January	11,383	10,680
Currency translation adjustment	(2)	6
Realised loss on sale of investments	(4)
	__________	__________
Balance 31 December	12,096	11,383
	__________	__________

FUNDS EMPLOYED
Investments	8,160	8,166
Cash	3,936	3,217
	__________	__________
Balance 31 December	12,096	11,383
	__________	__________

Foreign currency balances and transactions have been translated into Irish Pounds at the rate of exchange ruling at 31 December 1998 (IR£1 - £0.8957)

The Standing Committee is responsible for preparing the Fund Account for the year ended 31 December 1998. We have examined the above and have compared it 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.

Further information from:

THE CHURCH OF IRELAND PRESS OFFICE
Church of Ireland House
61 - 67 Donegall Street
Belfast BT1 2QH

The Church Of Ireland
General Synod 1999