Charity No: NIC103657 Church of God (Armagh) Trustee Report and Receipts and Payments Account for the year ended 31st March 2023
Church of God IArmaghl Statement of Financial Activity (Recelpts and Payments Account) for the Year Ended 31 March 2023 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Receipts Donations & Legacles Investment Income Other income 3,098 26 14,986 18,084 26 23,253 13 69,142 Total Receipt5 3,124 14,986 18,110 92,408 Payments Charitable Activities 8,019 17,450 25,469 101,020 Total Payments 8,019 17,450 25,469 101,020 Net Receipts I Payments Transfers net 14,8951 12,4641 17,3591 18,6121 Net movement in funds 14,8951 12,4641 17,3591 18,6121 Funds brought forward 01 April 2022 243,083 8,396 251,479 260,091 Deduct non cash/bank related Endowment Funds Funds tarried forward 31 March 2023 238.188 5,932 244,120 251,479
Church of God (Armaghl Statement of Assets and Liabilities as at 31 March 2023 Unrestrlcted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Fund5 Reconcillatlon Bank and cash at start of year 243,083 8,396 251,479 260,091 Net movement in funds 14,8951 12,4641 17,3591 18,6121 Bank & cash at end of year 238,188 5,932 244,120 251,479 Bank & Cash Balances Bank Deposit Accounts Bank Current Account5 20,031 24,089 20,005 31,474 Total 44,120 51,479 Other Assets Fixed As5et5 Church Premises 200,000 200,000 200,000 200,000 Liabilities Other 244,120 251,479 Approved by trustees on 2910812023 and signed on it5 behalf by.. Tr stee Truste Date.. 29/0812023 Date.. 2910812023
Church of God (Armaghl Notes to the Accounts- Year Ended 31 March 2023 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation 15 les5 than £250,000 the congregation have elected in accordance with the provisions in The Charities IAccounts and Reports Regulatlons (Northern Irelandl 2015 to prepare its accounts on a receipts and payments basis. FUNDACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's di5cretion,' 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 comprlse lal 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 balance5, interest on their pooled investment is apportioneé to the individual funds on an average balance ba51S. Unrestricted funds are Sncome funds which are to be spent on the congregation's general purposes. Designated funds are general fund5 set aside by the congregation for use in the future. RECEIPTS 2. DONATIONS & LEGACIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Donations and Gift5 Gift Aid 3,098 14,986 18,084 3,098 14,986 18,084 3. INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Fund5 Total 2023 Deposit Interest 26 26 26 26 4. OTHER INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2023 other- From Knocknacloy Other- From Dungannon Church
Church of God IArmaghl Notes to the Accounts- Year Ended 31 March 2023 PAYMENTS 5. CHARITABLE AcfiviTES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Congregational running expenses Donations to Missions and Charities Governance Costs 4,019 4,000 4,019 21,450 17,450 8,019 17,450 25,469 6. FIXED ASSETS The congregation owns the Church premises situated at 22 Newry Road Hall, Armagh, Co. Armagh BT60 IEH and the a550ciated fixtures and fittlngs.
Church of God IArmaghl Notes to the Accounts- Year Ended 31 March 2023 7. FUND BALANCES Balance at Start Receipts Payments Surplus/ (Deficit) Transfers nett Balante at end Unrestricted Funds General Bank Deposit Account General Fund 23,078 20,005 200,000 3,098 26 8,019 14,9211 26 18.157 20,031 200,000 243.083 3,124 8,019 14,8951 238,188 Re5trirted Funds Lord's Servants Buildings Repairs l Maintenance Outreach I Special Needs 381 4,198 3,817 13,696 13,650 46 427 4,198 1,307 1,290 3,800 12,5101 8,396 14,986 17.450 12,4641 5,932 Endowment Funds Total Funds 251,479 18,110 25.469 17,3591 244,120