Coracle Christian Fellowship STATEMENT OF FINANCIAL ACTIVITY {Receipts and Payments Account) for the year ended 5 April 2023 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Receipts Donations and legacies 19,148 19,148 20,175 Total Receipts 19,148 19,148 20,175 Payments Charitable activities 20,555 20,555 22,662 Total Payments 20,555 20,555 22,662 Net receipts / (payments) {1,407) {1,4071 12,487} Funds brought forward 12,013 12,013 14,500 Funds carried forward 10,606 10,606 12,013
Coracle Christian Fellowship STATEMENT OF ASSETS AND LIABILITIES As at 5 April 2023 Unrestricted Funds Restricted Funds Endowment Total Fund5 Total Funds Funds 2023 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 12,013 11,407} 12,013 (1,4071 14,500 12,4871 Bank and Cash at end of year 10,606 10,606 12,013 Bank & Cash Balances Bank Current Accounts Cash in Hand 10,393 213 11,855 158 10,606 12,013 Other Assets Gift Aid receivable on donations 3,612 3,551 3,612 3,551 Approved by the Trustees at a meeting on and signed on its behalf by hJLL C5K Mark Beattie Norman Gibson
Coracle Christian Fellowship NOTES TO THE ACCOUNTS 5 April 2023 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the fellowship is less than £250,000 the congregation have elected in accordance with the provisions in The Charities (Accounts and Reports Regulation5 (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or at the fellowship's discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place, Restricted funds comprise (al income from endowments which is to be expended only on the restricted purposes intended by the donor and Ibl revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis. Unrestricted funds are income funds which are to be spent on the fellowship's general purposes. Designated funds are general funds set aside by the fellowship for use in the future. DONATIONS AND LEGACIES Unrestrirted Funds Restricted Funds Endowment Funds Tota5 2023 Total 2022 Recorded giving: Donations and gifts Gift Aid 15,597 3,551 15,597 3,551 16,374 3,801 19,148 19,148 20,175
Coracle Christian Fellowship NOTES TO THE ACCOUNTS {cont'd} 5 April 2023 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Ministry staff costs Fellowship running expenses Donations to M issior)s and charities 10,236 4,439 5,880 10,236 4,439 5,880 10,236 9,616 2,810 20,555 20,555 22,662 FUND BALANCES Fund Balance at start Receipts Payments Surplus / (Deficit) Transfer Balance at end Unrestricted Funds General Fund 12,013 19,148 {20,555) (1,407) 10,606 12,013 19,148 (20,555) (1,407) 10,606 io