MOUNTPOTTINGER NON-SUBSCRIBING PRESBYTERIAN CHURCH
INCOME AND EXPENDITURE ACCOUNT SUMMARY FOR 2023
INCOME EXPENDITURE Income for 2023 £ 18,457.01 Expenditure for 2023 £ 18,176.76 Surplus for the Year £ 280.25 _ _________ £ 18,457.01 £ 18,457.01 _________ _________ STATEMENT OF FUNDS Opening Balance @ 1-1-23 General Fund £ 1,294.81 Changes to General Fund: General Fund Surplus_ for the year £ 280.25 ___ _ £ 1,575.06 _ Closing Balance @ 31-12-23 General Fund £ 1,575.06 _ £ 1,575.06 _
Accounts prepared by: Adrian Moir, Hon. Treasurer. Audited by: Michael Hynds, FCA
NI Charity Registration No: NIC 103537
MOUNTPOTTINGER NON-SUBSCRIBING PRESBYTERIAN CHURCH
INCOME AND EXPENDITURE STATEMENT 2023
INCOME
| Year to 31-12-23 Year to 31-12-22 | Year to 31-12-23 Year to 31-12-22 | |
|---|---|---|
| Amount (£) | Amount (£) | |
| Free Will Offering Envelopes | 2,830.00 | 2,090.00 |
| Plate Collections: Sunday Service | 112.00 | 70.00 |
| Tax Refund under Gift Aid | 461.90 | 180.00 |
| N.S.P. Magazine subscriptions | - | 25.00 |
| Private donation(s) | 1,850.00 | 1,180.19 |
| Donations from Bright Umbrella Drama Co | - | 1,660.00 |
| Rental from Bright Umbrella Drama Co | 1,000.00 | - |
| Power NI Energy Support Voucher | 600.00 | - |
| Proceeds of Sale of chairs | - | 200.00 |
| National Churches Trust Grant | 8,500.00 | - |
| Dividends from M&G Charifund | 3,103.11 | 2,865.00 |
| ____ | ____ | |
| INCOME FOR YEAR | £ 18,457.01 | £ 8,270.19 |
| ____ | ____ |
MOUNTPOTTINGER NON-SUBSCRIBING PRESBYTERIAN CHURCH
INCOME AND EXPENDITURE STATEMENT 2023
EXPENDITURE
| EXPENDITURE | ||
|---|---|---|
| Year to 31-12-23 Year to 31-12-22 | ||
| Amount (£) | Amount (£) | |
| Ministerial Supplies | 1,633.36 | 900.00 |
| Visiting Preachers | 120.00 | 230.00 |
| Electricity | 626.57 | 2,339.96 |
| Water charges | 99.92 | 249.13 |
| N.S.P. Magazines (annual subscriptions) | 32.01 | - |
| Treasurer’s Honorarium | 48.00 | 48.00 |
| Insurance Premium | 700.52 | 676.55 |
| Presbytery Fees | 200.00 | - |
| Joint Incidental & Moderatorial Fund | 110.00 | 77.00 |
| Sunday Schools Fund | 2.00 | 2.00 |
| Sustentation Fund | 150.00 | 150.00 |
| Trustee Company | 10.00 | 10.00 |
| Bodel MacKenzie Fund | 5.00 | 5.00 |
| Ministers’ Widows Fund |
60.00 | 60.00 |
| Orphan Society | 40.00 | 40.00 |
| Porter Fund | 15.00 | 15.00 |
| Christian Ministries (formerly Students & Ministers) Fund | 30.00 |
30.00 |
| Benevolent Fund | 25.00 | 25.00 |
| Royal British Legion Poppy Appeal | 25.00 | 25.00 |
| Fire Equipment Servicing | - | 210.00 |
| Property Repairs & Improvements | 1,160.00 | 250.00 |
| Electrical Safety Testing | - | 600.00 |
| Ordination Stationery | 46.80 | - |
| Ordination Catering | 99.65 | - |
| Legal Services provided by Diamond Heron | 1,831.00 | - |
| Architect’s Fees (Kennedy Fitzgerald) | 8,500.00 | - |
| Purchase of Charifund Income Units | 2,500.00 | 3,000.00 |
| Auditor’s Fee | 70.00 | 70.00 |
| Bank Fees & Charges | 36.93 | 40.06 |
| _____ | ____ | |
| EXPENDITURE FOR YEAR |
£ 18,176.76 | £ 9,052.70 |
| _____ | ____ | |
| SURPLUS / (DEFICIT) FOR YEAR |
£ 280.25 | £ (782.51) |
MOUNTPOTTINGER NON-SUBSCRIBING PRESBYTERIAN CHURCH
| INVESTMENT SUMMARY | INVESTMENT SUMMARY | |
|---|---|---|
| 2023 | ||
| M&G Charifund: | ||
| Amount of Holding @ 1-1-23 | 3,519.182 | income units |
| Acquisitions/(Disposals) during 2023: | 175.247 | income units |
| __ | ||
| Amount of Holding @ 31-12-23: | 3,694.429 | income units |
| Valuation of M&G Charifund Holding (as at 31-12-23): | £ 53,014.69 | |
| DIVIDENDS RECEIVED FROM INVESTMENT | IN 2023: | £ 3.103.11 |
Notes on: Sunday School, Women’s League & Restoration Fund Accounts
(i) A total balance of £ 255.12 belonging to the Sunday School Account is being held in the General Account of the Church since its transfer on 8-9-1995.
(ii) A total balance of £ 161.40 belonging to the Women’s League Account is being held in the General Account of the Church since its transfer on 2-2-2009.
(iii) A total balance of £ 84.35 belonging to the Restoration Fund Account is being held in the General Account of the Church since its transfer on 25-6-2021.