Abbey Monkstown Presbyterian Church - a Congregation of The Presbyterian Church in Ireland Statement of Financial Activity ( Receipts and Payments Account ) for the year ended 31 December 2022
| **Unrestricted ** | **Restricted ** | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | ||
| Receipts | ||||||
| Donations and legacies | 2 | 122612 | 48585 | 0 | 171197 | 200305 |
| Charitable activities | 3 | 1260 | 0 | 0 | 1260 | 1996 |
| Other trading activities | 4 | 1200 | 0 | 0 | 1200 | 0 |
| Investment Income | 5 | 316 | 0 | 0 | 316 | 101 |
| Other | 6 | 0 | 12436 | 0 | 12436 | 0 |
| Organisations | 0 | 10826 | 0 | 10826 | 9143 | |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | |
| Sale of fixed assets | 0 | 0 | 0 | 0 | 0 | |
| Loans Received | 0 | 0 | 0 | 0 | 0 | |
| Total Receipts | 125388 | 71847 | 0 | 197235 | 211545 | |
| Payments | ||||||
| Raising funds | 7 | 386 | 0 | 0 | 386 | 0 |
| Charitable activities | 8 | 100798 | 39520 | 0 | 140318 | 104612 |
| Investment costs | 0 | 0 | 0 | 0 | 0 | |
| Other | 9 | 0 | 0 | 0 | 0 | 0 |
| Organisations | 0 | 14072 | 0 | 14072 | 5002 | |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | |
| Purchase of fixed assets | 0 | 0 | 0 | 0 | 0 | |
| Loan Repayments | 0 | 10000 | 0 | 10000 | 10000 | |
| Total Payments | 101184 | 63592 | 0 | 164776 | 119614 | |
| Net receipts / (payments) | 24204 | 8255 | 0 | 32459 | 91931 | |
| Transfers between funds | 3269 | -3269 | 0 | 0 | 0 | |
| Net movement in funds | 27473 | 4986 | 0 | 32459 | 91931 | |
| Funds brought forward | 82401 | 88661 | 0 | 171062 | 79131 | |
| Funds carried forward | 12 | 109874 | 93647 | 0 | 203521 | 171062 |
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Abbey Monkstown Presbyterian Church - a Congregation of The Presbyterian Church in Ireland
Statement of Assets and Liabilities as at 31 December 2022
| **Unrestricted ** | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Funds Reconciliation | |||||
| Bank and Cash at start of year | 82401 | 88661 | 0 | 171062 | 79131 |
| Net movement in funds | 27473 | 4986 | 0 | 32459 | 91931 |
| Bank and Cash at end of year | 109874 | 93647 | 0 | 203521 | 171062 |
| Bank & Cash Balances | |||||
| Ulster Bank Current Account | 187333 | 148441 | |||
| Co-operative Bank Account | 6413 | 9600 | |||
| Cash in hand - Organisations | 8 | 0 | |||
| Bank Current Accounts - Organisations | 9767 | 13021 | |||
| Total | 203521 | 171062 |
Other Assets
| Fixed Assets - Note 10 | ||
|---|---|---|
| Church Premises | ||
| Fixtures and Fittings | ||
| Vehicles | ||
| Investments - Note 11 | ||
| Gift Aid receivable on donations | 20000 | 20500 |
| Other assets | ||
| Liabilities | ||
| Loans | 27500 | 37500 |
| Other liabilities |
Approved by the Kirk Session at a meeting on 20/03/2023 and signed on its behalf by
| Name | Joanne Stewart | Name | Anne Greer |
|---|---|---|---|
| Date | 20-Mar-23 | Date | 20-Mar-23 |
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Abbey Monkstown Presbyterian Church - a Congregation of The Presbyterian Church in Ireland
Notes to the accounts - 31 December 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.
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
| **Unrestricted ** | **Restricted ** | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Recorded givings | 73817 | 36876 | 110693 | 116661 | |
| Loose collections | 3783 | 0 | 3783 | 2074 | |
| Donations and gifts | 17769 | 2738 | 20507 | 2646 | |
| Gift Aid | 18243 | 7971 | 26214 | 6448 | |
| Legacies and bequests | 9000 | 1000 | 10000 | 72476 | |
| 122612 | 48585 | 171197 | 200305 |
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Abbey Monkstown Presbyterian Church - a Congregation of The Presbyterian Church in Ireland
Notes to the accounts (cont'd) - 31 December 2022
| 3 Charitable Activities |
|||||
|---|---|---|---|---|---|
| **Unrestricted ** | **Restricted ** | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Income from publications | 960 | 0 | 0 | 960 | 0 |
| Fees from weddings and funerals | 0 | 0 | 0 | 0 | 0 |
| Fundraising events | 0 | 0 | 0 | 0 | 0 |
| HMRC - Job Retention Scheme | 0 | 0 | 0 | 0 | 1996 |
| Grants - Pres Children's Soc | 300 | 0 | 0 | 300 | 0 |
| 1260 | 0 | 0 | 1260 | 1996 |
| 4 | Other Trading Activities | Other Trading Activities | ||||
|---|---|---|---|---|---|---|
| **Unrestricted ** | **Restricted ** | Endowment | Total | Total | ||
| Funds | Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | £ | ||
| Car park | income | 1200 | 0 | 0 | 1200 | 0 |
| Trading income | 0 | 0 | 0 | 0 | 0 | |
| 1200 | 0 | 0 | 1200 | 0 |
| 5 Investment Income |
|||||
|---|---|---|---|---|---|
| **Unrestricted ** | **Restricted ** | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Deposit interest | 316 | 0 | 0 | 316 | 101 |
| General Investment Fund | 0 | 0 | 0 | 0 | 0 |
| Rents investment properties | 0 | 0 | 0 | 0 | 0 |
| Other investment income | 0 | 0 | 0 | 0 | 0 |
| 316 | 0 | 0 | 316 | 101 |
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Abbey Monkstown Presbyterian Church - a Congregation of The Presbyterian Church in Ireland
Notes to the accounts (cont'd) - 31 December 2022
6 Other Income
| **Unrestricted ** | **Restricted ** | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Heat & Light | 0 | 3269 | 0 | 3269 | 0 |
| Grant - CMI | 0 | 4167 | 0 | 4167 | 0 |
| Grant - North Belfast Presbytery | 5000 | ||||
| 0 | 12436 | 0 | 7436 | 0 | |
| 7 Raising Funds |
|||||
| **Unrestricted ** | **Restricted ** | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| FWO envelopes | 386 | 0 | 0 | 386 | 0 |
| Fundraising events | 0 | 0 | 0 | 0 | 0 |
| 386 | 0 | 0 | 386 | 0 | |
| 8 Charitable Activities |
|||||
| **Unrestricted ** | **Restricted ** | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| General Assembly Assessments | 16367 | 0 | 0 | 16367 | 17184 |
| Presbytery fees | 784 | 0 | 0 | 784 | 769 |
| Ministry and support staff costs | 49830 | 6268 | 0 | 56098 | 47367 |
| Congregational running expenses | 30944 | 20050 | 0 | 50994 | 25627 |
| Mission Resource & Training | 2723 | 2723 | |||
| Donations to Missions and Charities | 0 | 13202 | 0 | 13202 | 13665 |
| Governance costs | 150 | 0 | 0 | 150 | 0 |
| 100798 | 39520 | 0 | 140318 | 104612 |
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Abbey Presbyterian Church - a Congregation of The Presbyterian Church in Ireland
Notes to the accounts (cont'd) - 31 December 2022
9 Other Expenditure
| 9 Other Expenditure |
|||||
|---|---|---|---|---|---|
| UnrestrictedRestrictedEndowment | Total | Total | |||
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Investment properties expenses | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 |
10 Fixed Assets
The congregation owns the Church premises situated at 99 - 101 Monkstown Road, Newtownabbey, Co Antrim BT37 0LG, the Manse occupied by our Minister and his family situated at 67 Mount Pleasant Road, Newtownabbey, BT37 0NQ and the associated fixtures, fittings, plant and machinery. These have a combined insurance value of £3,435,100 at last renewal date of 31 October 2022.
11 Investments
The congregation has the following investments. Amounts are shown at market valuation
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| General Investment Fund at market valuation | 0 | 0 |
| Property | ||
| Other investments | ||
| 0 | 0 |
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