# **Strand Presbyterian Church - a congregation of the Presbyterian Church in Ireland** 

**Receipts and Payments Accounts for the year ended 31 December 2022** 

Registered with the Charity Commission for Northern Ireland NIC104314 



**A congregation of the Presbyterian Church in Ireland** 

**STRAND PRESBYTERIAN CHURCH RECEIPTS AND PAYMENTS ACCOUNTS** 

STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2022 


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**STRAND PRESBYTERIAN CHURCH RECEIPTS AND PAYMENTS ACCOUNTS** 

## **A Congregation of the Presbyterian Church in Ireland** 

## **Notes to the Accounts** 

## **31/12/2022** 

## **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. 

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**STRAND PRESBYTERIAN CHURCH RECEIPTS AND PAYMENTS ACCOUNTS** 

## **A Congregation of the Presbyterian Church in Ireland** 

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. 


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**STRAND PRESBYTERIAN CHURCH RECEIPTS AND PAYMENTS ACCOUNTS** 

## **A Congregation of the Presbyterian Church in Ireland** 


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**STRAND PRESBYTERIAN CHURCH RECEIPTS AND PAYMENTS ACCOUNTS** 

## **A Congregation of the Presbyterian Church in Ireland** 



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**STRAND PRESBYTERIAN CHURCH RECEIPTS AND PAYMENTS ACCOUNTS** 

## **A Congregation of the Presbyterian Church in Ireland** 

## **STATEMENT OF ASSETS AND LIABILITIES** 

## **As at 31 December 2022** 

## **1. Fixed Assets** 

The congregation owns the Church premises situated at 161 Connsbrook Avenue, Belfast BT4 1JY, and the associated fixtures and fittings, plant and machinery.  The congregation also owns the Manse at 6 Dundela Gardens, Belfast BT4 3DH, and the associated fixtures and fittings.  These have an insurance value of £2,110,957 and £337,456 respectively. 

## **2. Investments** 

The congregation has the following investments. 

||2022<br>£|2021<br>£|
|---|---|---|
|General Investment Fund|234|234|
|Other Investments (from bequests)|128,334|128,334|



## **3. Amounts owed** 

At the end of the year, the following amounts were owed to the congregation 

||2022<br>£|2021<br>£|
|---|---|---|
|Interest Free Loans|0.00|0.00|



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**STRAND PRESBYTERIAN CHURCH RECEIPTS AND PAYMENTS ACCOUNTS** 

## **A Congregation of the Presbyterian Church in Ireland** 

## **4. Cash and Bank balances** 

||2022<br>£|2021<br>£|
|---|---|---|
|Deposit Accounts|0.00|0.00|
|Current Accounts|45,432|63,915|
|Cash Floats|0.00|0.00|



## **5. Amounts owed** 

||2022<br>£|2021<br>£|
|---|---|---|
|Loans|0.00|0.00|



Approved by the Kirk Session at a meeting on 18[th] September 2023 and signed on its behalf by 


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