DERRYLORAN PARISH CHURCH. COOKSTOWN CHURCH OF IRELAND STATEMENT OF FINANCIAL AcfiviTIES for the year ended 31 December 2023 Note Unrestricted Funds Restrirted Funds Total 2023 Total 2022 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 163604 13960 25118 188722 13960 81J)O 16180 3242 177562 11408 8(X)O 15975 2764 16180 3242 Total Receipts 204986 25118 230104 215709 Payments Ra ising funds Charitable activities Investment costs Other 1449 177765 1449 195018 1872 206958 17253 100062 100062 246213 Total Payments 279276 17253 296529 455043 Net receipts / (payments) Transfers between funds (74290) 85530 7865 185530) (664251 12393341 Net movement in funds Funds brought forward 11240 186389 (776651 (4855) 166425) 181534 {2393341 420868 Funds carried forward li 197629 {82520) 115109 181534
DERRYLORAN PARISH CHURCH, COOKSTOWN CHURCH OF IRELAND STATEMENT OF ASSEfs AND LIABIUTIES 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 186389 11240 {48551 (776651 181534 (664251 420868 (2393341 Bank and Cash at end of year 197629 182520) 115109 181534 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 30235 167325 69 30235 203264 69 30089 161730 141 35939 233568 191960 Other Assets Fixed Assets- Note 10 Church Premise5 Fixtures, Fittings & Equipment Vehicles Liabilities Loans Ulster Bank Loan Account Other 118459 10426 115109 181534
DERRYLORAN PARISH CHURCH. COOKSTOWN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2023 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 incorne 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 (al income from endowments which is to be expended only on the restricted purposes intended by the donor and (bl 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 Unrestrirted Funds Restricted Funds Total 2023 Total 2022 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 118776 2392 15387 27049 25118 143894 2392 15387 27049 142069 2282 7542 25669 163604 25118 188722 177562
DERRYLORAN PARISH CHURCH. COOKSTOWN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE AcfiviTIES Unrestricted Funds Restrirted Funds Total 2023 Total 2022 Income from charitable activitie5 Fees from weddings and funerals Fundraising events Membership fees Grants & VAT Refunds 6268 400 6092 6268 4CMJ 6092 2542 550 4860 1200 1200 3456 13960 13960 11408 4. OTHER TRADING AcfiviTIES Unrestricted Funds Restrirted Funds Total 2023 Total 2022 Rental Income Sale of Property 81J)O 8000 8000 8CM)O 8000 INVESTMENT INCOME Unrestrirted Funds Restricted Funds Total 2023 Total 2022 Deposit interest Income from Endowments & Invest. Rental Properties Other investment income 150 7630 150 7630 8400 92 7483 16180 16180 15975
DERRYLORAN PARISH CHURCH. COOKSTOWN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER INCOME Unrestrirted Funds Restrirted Funds Total 2023 Total 2022 Magazines Heat & Light Contribution Other income 218 2750 274 218 2750 274 234 1525 1005 3242 3242 2764 RAISING FUNDS Unrestricted Funds Restricted Funds Total 2023 Total 2022 FWO envelopes 1449 1449 1872 1449 1449 1872 CHARITABLE AcfiviTIES Unrestrirted Funds Restricted Funds Total 2023 Total 2022 Diocesan Assessments Ministry and support staff costs Congregational running expenses Donations to Missions and charities 121841 11267 44657 121841 11267 57028 4882 113759 10706 75532 6961 12371 4882 177765 17253 195018 206958
DERRYLORAN PARISH CHURCH, COOKSTOWN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER EXPENDITURE Unrestricted Funds Restrirted Funds Total 2023 Total 2022 Rental properties expenses Church & Buildings Renovation Expenses IC062 ItKI062 246213 IIY)062 100062 246213 10. FIXED ASSETS The congregation owns the Church premises situated at Church Street, Cookstown, BT80 8LB and the associated fixtures, fittings, plant and machinery.
DERRYLORAN PARISH CHURCH. COOKSTOWN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 11. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Deficit) Transfer Balance at end Unrestricted Funds No. l Account Affiliated Organisation 173433 12956 199928 5058 277261 2015 1773331 3043 87100 11570) 183200 14429 186389 204986 279276 1742901 85530 197629 Restrlrted Funds No. l Account- Mission51Charities Building Fund 4882 12371 (4882) 12747 4882 {90412) {4855} 25118 182520) (48551 25118 17253 7865 (855301 {82520} Total 181534 230104 296529 166425) 115109