## **KILMAKEE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS**
## **31 December 2020**
## **KILMAKEE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2020**
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Note Unrestricted Restricted Endowment Total Total
Funds Funds Funds 2020 2019
£ £ £
Receipts
Donations and legacies 2 66924 10788 77712 105178
Charitable activities 3
Other trading activities 4
Investment Income 5
Other 6 870
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Sale of Investments
Sale of fixed assets
Loans Received
---------- ---------- ----------
Total Receipts 66924 10788 77712 106048
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Payments
Raising funds 7 550 550 539
Charitable activities 8 63372 16079 79451 123889
Investment costs
Other 9
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Purchase of Investments
Purchase of fixed assets
Loan Repayments
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Total Payments 63922 16079 80001 124428
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Net receipts / (payments)
Transfers between funds (1117) 1117
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Net movement in funds 1885 (4174) (2289) (18380)
Funds brought forward 7748 34206 41954 60334
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Funds carried forward 12 9634 30033 39667 41954
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## **KILMAKEE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND**
## **STATEMENT OF ASSETS AND LIABILITIES**
## **As at 31 December 2020**
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Unrestricted Restricted Endowment Total Funds Total Funds
Funds Funds Funds 2020 2019
£ £ £
Funds Reconciliation
Bank and Cash at start of year 7748 34207 41955 60334
Net movement in funds 1886 (4174) 2288 (18380)
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Bank and Cash at end of year 9634 30033 39667 41954
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Bank & Cash Balances
Bank Deposit Accounts
Bank Current Accounts 9634 30033 39667 41954
Cash in Hand
Other Assets
Fixed Assets – Note 10
- Church Premises 2215801
- Fixtures, Fittings & Equipment
- Vehicles
Investments – Note 11
Gift Aid receivable on donations
Liabilities
Loans
Other
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Approved by the Kirk Session at a meeting on 21 September 2021 and signed on its behalf by
Aileen Irvine Graham Houston 21/09/21 21/09/21
## **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.
## **2. DONATIONS AND LEGACIES**
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Unrestricted Restricted Endowment Total 2020 Total 2019
Funds Funds Funds
£ £ £
Recorded giving:
Loose collections 174 174 661
Donations and gifts 56000 6040 62040 92196
Gift Aid 10750 2834 13584 12321
Legacies and bequest
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66924 8874 75798 105178
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## **KILMAKEE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2020**
## **3. CHARITABLE ACTIVITIES**
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Unrestricted Restricted Endowment Total 2020 Total 2019
Funds Funds Funds
£ £ £
Income from charitable activities
Fees from weddings and funerals
Fundraising events
Membership fees
Grants
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|||----------|----------|----------|||||
|---|---|---|---|---|---|---|---|---|
|**4. OTHER TRADING ACTIVITIES**|||||||||
|||**Unrestricted**|**Restricted**|**Endowment**|**Total 2020**||**Total 2019**||
|||**Funds**|**Funds**|**Funds**|||||
|||£|£|£||£||£|
|Letting of premises|||||||||
|Trading income|||||||||
|||----------|----------|----------|----------||----------||
|||----------|----------|----------|----------||----------||
|**5. INVESTMENT INCOME**|||||||||
|||**Unrestricted**|**Restricted**|**Endowment**|**Total 2020**||**Total**||
|||**Funds**|**Funds**|**Funds**|||**2019**||
|||£|£|£||£||£|
|Deposit interest|||||||||
|General Investment Fund|||||||||
|Rents investment properties|||||||||
|Other investment income|||||||||
|||----------|----------|----------|----------||----------||
|||----------|----------|----------|----------||----------||
## **KILMAKEE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2020**
## **6. OTHER INCOME**
|**.**
**OTHER INCOME**||||||
|---|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
||**Funds**|**Funds**|**Funds**|**2020**|**2019**|
||£|£|£|£|£|
|Insurance claims||||||
|Other income|||||870|
|||----------|----------|----------|----------|
||||||870|
||----------|----------|----------|----------|----------|
**7. RAISING FUNDS**
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Unrestricted Restricted Endowment Total 2020 Total 2019
Funds Funds Funds
£ £ £
FWO envelopes 550 550 539
Fundraising events
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550 550 539
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## **8. CHARITABLE ACTIVITIES**
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Unrestricted Restricted Endowment Total 2020 Total 2019
Funds Funds Funds
£ £ £
General Assembly Assessments 14419 14419 14098
Presbytery fees 543 543 518
Ministry and support staff costs 26861 26861 25844
Congregational running expenses 21549 13049 34598 80364
Donations to Missions and charities 3030 3030 3065
Governance costs
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63372 16079 79451 123889
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**KILMAKEE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2020**
## **9. OTHER EXPENDITURE**
Investment properties expenses
|**Unrestricted**|**Restricted**|**Endowment**|**Total 2020**|**Total**|
|---|---|---|---|---|
|**Funds**|**Funds**|**Funds**||**2019**|
|£|£|£|£|£|
|----------|----------|----------|----------|----------|
|----------|----------|----------|----------|----------|
## **10. FIXED ASSETS**
The congregation owns the Church premises situated at [address of property] and the associated fixtures, fittings, plant and machinery. These have an insurance value of £2215801
## **11. INVESTMENTS**
The congregation has the following investments. Amounts are shown at market valuation.
||**2020**|**2019**|
|---|---|---|
||**£**|**£**|
|General Investment Fund|||
|Property|||
|Other investments|||
||----------|----------|
||----------|----------|
**KILMAKEE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2020**
## **12. FUND BALANCES**
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Fund Balance at Receipts Payment Surplus / Transfer Balance at
start (Deficit) end
£ £ £ £ £ £
Unrestricted Funds
Kilmakee Presbyterian Church No.1 7748 66924 63922 3001 (1117) 9634
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Restricted Funds
No. 2 (Building) 27482 6006 8187 (2181) 25301
Girls’ Brigade 1986 1476 2812 (1335) 650
PW 277 184 213 (29) 248
Sunday School 935 270 165 105 1040
Bowling Club 333 325 16 309 642
KeeYouth 756 119 92 27 783
KeeSeniors 142 296 304 (8) 134
Boys Brigade 2296 199 1260 (1061) 1235
United Appeal 0 1913 3030 (1117) 1117 0
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Endowment Funds
[Name of Fund]
[Name of Fund]
[Name of Fund]
[Name of Fund]
[Name of Fund]
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Total 41955 77712 80001 (2289) 0 39667
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