Christ Church (Congregational) Abbots Cross Accounts Period I" January 2023 to 31" December 2023
Contents Foreword by Charity Trustees Receipts and payments Account Statement of assets and liabilities Missionary Dlsbursements Notes to the accounts
Foreword by the Trustees The accounts for Christ Church (Congregational) Abbots Cross have been prepared on a receipts and payments basis. The accounts are published to comply with our registration as a charity with the Charity Commission for Northern Ireland on 12 May 2016. In Ilne with our understanding of CCNI guidance we have not filed 'public' accounts for 2021 or 2022 (while accounts for these years were reported to our members as required). Abbots Cross is not a fund raising body. income is solely from voluntary/freewill sources contributed by members and other attendees/adherents and we are grateful to all those who have contributed. Our Trustees Annual Report glves a brief but broader plrture of Abbots Cross. Thanks also to lan Murray Co. for carrying out the independent examinatlon of our accounts.
CHRIST CHURCH CONGREGATIONAL Abbots Cross Financial Statements for the ear ended 31st December 2023 Recei ts and Pa ments Account for the ear ended 31st December 2023 Unrestricted Restricted Endowment Funds Funds Funds Total 2023 Total 2022 Recei Voluntary giving Gift Aid Donations and Bequests Other Income Investment Income 106,027 8,737 1,751 2,592 136 21,216 127,243 8,737 1,751 2,592 216 196,951 30,058 3,065 io 131 80 119,243 21,296 140,539 230,215 Cost of Fundralslng Charitable Activities Governance Costs 94,406 31,261 125,667 209,766 94,406 31,261 125,667 209,766 Before transfers between funds 24,837 19,9651 14,872 20,449 Transfers between Funds Neto eratln Sur lus Deficft 24,837 {9,965) 14.872 20.449 The reconciliation of the recelpts and payments shown above to the total funds of the Church is disclosed on the following page Page 1
CHRIST CHURCH CONGREGATIONAL Abbots Cross Financial Statements for the ear ended 31st December 2023 Statement of Assets & Liabilities Reconciliatlon of Recelpts and Payments Account Unrestrlcted Restricted Endowment Funds Funds Funds Total 2023 Total 2022 Opening Funds at beginning of year 5urplus/ (Deficit) for the year 37,124 24,837 61,961 12,374 {9,965) 2,409 49,498 14,872 64,370 54,237 20,449 74,686 Closing Funds at end of year 61,961 2,409 64,370 74,686 Held as followlngs: Bank Current Account No. I Bank Current Account (Maintenance) Bank Current Account {Missionary} Cash in hand 61,961 61,961 2,408 62,309 12,374 2,408 61,961 2,409 64,370 74,686 Non-monetary Assets (not Included above) Unrestrlrted Restrlcted Endowment Funds Funds Funds 4,931,000 355,000 5,286,000 Total Total 2023 2022 4,931,000 4,931,000 355,000 355,000 5,286,000 5,286,000 Church, Ha115 & Contents Manse The trustees are of the opinion that given that the age of the Church bulldings & Other property that the most appropriate basis of valuation is the Insurance cover which is shown above. Statement of Material Llabllltles The Trustees are not aware of any material liabilities at the date of this Report Approved by the trustees on 21st Ortober 2024 and s18ned on their behalf by:" Trustee- W D Annette Trustee - David Walker Page 2
Disbursement to Missionaries Each week, we donate at least IO¥o of Dur weekly income to students and full-time Christian workers and on each tenth Sunday give the entire offering to designated missionary work. The missionary givin8 to our full time Christian workers who are also church members approved by the church was £17,818. Those supported in this way are as below:_ Beverley Mcmaster (Child Evangelism Fellowship Ireland) Child Evangelism Fellowship Ireland (support for Beverley Mcmaster) Heather Wilson {Faith Mission Ireland) Matthew & Elizabeth Cuthbert (New Tribes Mission) Stephen & Heather Cuthbert {New Tribes Mission)
CHRIST CHURCH CONGREGATIONAL Abbots Cross Flnancial Statements for the ear ended 31st December 2023 Notes to the Accounts Basis of Accountin nder Recei ts&Pa ments Revenue that the Charity is entitled to 15 recorded when received, expenditure that the Charity incurred is recorded when paid. Pu ose and nature of funds General unrestricted fun These are funds that have been received carying no Testriction on their use and are put to pUose at the discretion of the trustees in furtherance of the objects of the Charity. The following designated funds are hcld within thc gcncral unrestricted funds. thcse discrctionary funds arc set asid¢ by the Trust¢¢s for a specific purpose.. Restricted funds: are funds subjcct to spccific trusts, which arc dcclarcd by the donor(s) and arc cxpcndable by thc trustccs in fijrthcrancc of some partiLular aspcct(s) of thc objects of th¢ charity. Thcse funds are subject to r¢stri¢tion (as to th¢ir u8c) imposed by those from whom thc funds are obtaincd. Rcsourccs rcccivcd but not yct expcndcd al thL end of the financial year arc rctaincd as a re8ervc. Endowment funds., where there is no power to convert the capital into income, is known as a pcrmanent endowrnent t'und and th¢ capital is nornially held indefinitely. Wh¢r¢ trustees havc thc powcr to convert endowment funds into income, such funds known as expendablc endowmcnts. Any funds hcld under this classiti¢ation by thc Charity arc pcrmanent. Trustee beneflts In total 2023 2022 Remuneration 9,454 69,660 Reimbursed expenses 266 1,769 As explained in the Trustees Report, the only private bcncfit flowing from our purpose in relation to the trustees is to those in paid employment within our congregation who recelve benefits as a result of their holding otTice or employment. Howev¢r, this is incidental and necessary in order to further our charilablc purpose. Ther¢ ar¢ no othcr private benefits. Page 3