DESERTCREAT PARISH CHURCH, COOKSTOWN CHURCH OF IRELAND STATEMENT OF FINANCIAL AcfiviTY (Receipts and Payments Account) for the year ended 31 December 2023 Note Unrestricted Funds Restricted Funds Total 2023 Total 2022 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 87799 2946 1535 4472 3378 15510 12733 103309 15679 1535 5554 3378 85626 5392 468 2808 994 1082 Total Receipts lQ)130 29325 129455 95288 Payments Raising funds Charitable activities Investment costs Other 96412 1450 97862 102666 Total Payments 96412 1450 97862 102666 Net receipts / Ipaymentsl Transfers between funds 3718 (1450) 27875 1450 31593 {7378) Net movement in funds Funds brought forward 2268 38308 29325 78456 31593 (73781 124142 116764 Funds carried forward 12 40576 107781 148357 116764
DESERTCREAT PARISH CHURCH, COOKSTOWN CHURCH OF IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2023 Unrestricted Funds Restricted Total Funds Total Funds Funds 2023 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 38308 2268 78456 29325 116764 31593 124142 173781 Bank and Cash at end of year 40576 107781 148357 116764 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 40576 107781 148357 116764 148357 116764
DESERTCREAT PARISH CHURCH, COOKSTOWN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POUCIES 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 Ib) 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. DONATIONS AND LEGACIES Unrestricted Funds Restricted Funds Total 2023 Total 2022 Recorded giving Loose collections Donations and gifts Gift Aid Legacies and bequest 65424 2557 2102 17716 11745 77169 2557 5867 17716 65546 1267 2705 16108 3765 87799 15510 103309 85626
DESERTCREAT PARISH CHURCH, COOKSTOWN CHURCH OF IRELAND NOTES TO THE AccouKrs 31 December 2023 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Total 2023 Total 2022 Income from charitable activities Fees from weddings and funerals Fund ra ising events Membership fees Grant5 240 1466 104 344 1466 13269 1157 3180 1055 12629 600 6QM) 2946 12733 15679 5392 4. OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Total 2023 Totsl 2022 Hall Hire Trading income 1535 1535 468 1535 1535 468 INVESTMENT INCOME Unrestrirted Funds Restrirted Funds Total 2023 Total 2022 Deposit interest RCB Distri bution Rents investment properties Other investment income 1082 1082 4472 172 2636 4472 4472 1082 5554 2808
DESERTCREAT PARISH CHURCH, COOKSTOWN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER INCOME Unrestricted Funds Restricted Funds Total Z023 Total 2022 Expenses Contribution Insurance Claim Other income 1183 1968 227 1183 1968 227 854 140 3378 3378 994 RAISING FUNDS Unrestricted Funds Restrirted Funds Total 2023 Total 2022 FWO envelopes Fundraising events CHARITABLE AcfiviTIES Unrestricted Funds Restrirted Funds Total 2023 Total 2022 Diocesan Assessments Ministry and support staff costs Congregational running expenses Donations to Missions and charities 49498 1720 45194 49498 1720 45194 1450 46470 1470 53186 1540 1450 96412 1450 97862 102666
DESERTCREAT PARISH CHURCH, COOKSTOWN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Total 2023 Total 2022 Investment properties expenses 10. FIXED ASSETS The congregation owns the Church premises situated at 50 Lower Grange Road, Cookstown, BT80 85L and the associated fixtures, fittings, plant and machinery. 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2023 2022 Property Other investments
DESERTCREAT PARISH CHURCH, COOKSTOWN CHURCH OF IRELAND NOTES TO THE ACCOUNTS {conVd) 31 December 2023 12. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Deficit) Transfer Balance at end Unrestricted Funds No. l Account 38308 100130 96412 3718 {14501 40576 38308 ICX)130 96412 3718 11450) 40576 Restricted Funds Fabric Fund Account No. l Account- Missions/Charities 78456 29325 29325 {1450) 107781 1450 1450 78456 29325 1450 27875 1450 107781 Total 116764 129455 97862 31593 148357