STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2022
| Note Unrestricted Restricted Total Total Funds Funds 2022 2021 |
Note Unrestricted Restricted Total Total Funds Funds 2022 2021 |
|---|---|
| RECEIPTS £ £ £ Donations and Legacies 2 £22,618 £1,919 £24,537 £18,478 Charitable Activities 3 £0 £1,500 Investment income 4 £945 £945 £1,788 Other Income 5 £0 Total Income £23,563 £1,919 £25,482 £21,766 |
|
| PAYMENTS Raising Funds 6 £147 £147 £147 Charitable activities 7 £21,561 £1,919 £23,480 £22,551 Other expenditure 8 £0 £0 Total Payments £21,708 £0 £21,708 £22,686 Net receipts / (payments) £1,855 £0 £1,855 -£920 Transfers between funds £0 £0 £0 £0 Net movement in funds £1,855 £0 £1,855 -£920 |
|
| RECONCILIATION OF FUNDS | |
| Funds brought forward £61,571 £0 £61,571 £62,491 |
|
| Funds carried forward 9 £63,426 £0 £63,426 £61,571 |
|
| STATEMENT OF ASSETS AND LIABILITIES | |
| Fixed Assets |
The congregation owns the Church premises situated at 33 Chester Avenue, Whitehe BT38 9QL and the associated fixtures and fittings with a combined insurance value of £2,401,992.
| of £2,401,992. | ||
|---|---|---|
| Investments | 2022 | 2021 |
| Bond | £143,651 | £142,873 |
| Bank and Cash Balances | ||
| Current Accounts | £63,426 | £61,571 |
| Total | £207,077 | £204,444 |
| Approved by the Trustees at its meeting on | ||
| Mr David Stevenson | Mr Ernest Clarke |
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NOTES TO THE ACCOUNTS 31 December 2022
1. ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provisions in The Charities Accounts and Reports Regulations (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 congregation'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 (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) 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 congregation's general purposes.
Designated funds are general funds set aside by the congregation for use in the future.
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |
| 2. DONATIONS AND LEGACIES | £ | £ | £ | |
| Freewill offering | £18,513 | £14,633 | ||
| Collections | £1,425 | £1,919 | £3,845 | |
| Donations and gifts | £2,680 | |||
| Legacies and bequest | ||||
| £22,618 | £18,478 | |||
| 3. CHARITABLE ACTIVITIES | ||||
| Weddings and funerals | ||||
| Use of halls | ||||
| Other | £1,500 | |||
| 4. INVESTMENT INCOME | ||||
| Bank | £167 | £164 | ||
| Investment | £778 | £1,624 | ||
| £945 | £0 | £1,788 | ||
| 5. OTHER INCOME | ||||
| 0 | 0 | 0 | 0 |
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| NOTES TO THE ACCOUNTS | ||||
|---|---|---|---|---|
| 31 December 2021 | ||||
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | |
| 6. RAISING FUNDS | ||||
| FWO envelopes | £147 | £135 | ||
| 7. CHARITABLE ACTIVITIES | ||||
| Ministry and support staff costs | £16,210 | £16,210 | £15,470 | |
| Congregational running expenses | £4,807 | £4,807 | £5,661 | |
| Donations to Missions & charities | £400 | £1,919 | £2,319 | £1,190 |
| Organisational Expenditure | £100 | £100 | £230 | |
| Governance costs | ||||
| Bank Fees | £44 | £44 | ||
| Total charitable activites | £21,561 | £1,919 | £23,480 | £22,551 |
| 8. OTHER EXPENDITURE | ||||
| Sundries | £0 | £0 | £0 | |
| £0 | £0 | £0 | ||
| 9. FUND BALANCES | ||||
| Funds | Balance at start |
**Receipts ** |
Payments | Balance at end |
| Unrestricted Funds | ||||
| General Fund | £61,571 | £23,563 | £21,664 | £63,426 |
| Restricted Funds | ||||
| Missions and charities | £0 | £1,919 | £1,919 | £0 |
| Endowment Funds | £142,873 | £143,651 | ||
| Total Funds | £204,444 | £207,077 |
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