KILDRESS PARISH CHURCH OF IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) 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 79496 785 23 14643 36218 1457 1460 94139 37003 1480 1460 4223 98619 3336 1477 171 3637 4223 Total Receipts 84527 53778 138305 107240 Payments Raising funds Charitable activities Investment costs Other 3208 85057 3208 92523 1014 89889 7466 Total Payments 88265 7466 95731 90903 Net receipts / Ipaymentsl Transfers between funds (3738) 10167 46312 (10167) 42574 16337 Net movement in funds Funds brought forward 6429 2194 36145 162325 42574 164519 16337 148182 Funds carried forward 12 8623 198470 207093 164519
KILDRESS PARISH 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 2194 6429 162325 36145 164519 42574 148182 16337 Bank and Cash at end of year 8623 198470 207093 164519 Bank & Cash Balances Bank Deposit Accounts Bank Current Account5 Cash in Hand 43153 155317 43153 163940 42942 121577 8623 207093 164519
KILDRESS PARISH CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2023 ACCOUNTING POLICIES BA51S 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 Report5 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 (al 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= Freewill Offering & Loose collections Donations and gifts Gift Aid Legacies and bequest 63707 1025 14764 9373 4270 73080 5295 14764 I0 67948 8841 11830 ioooo 79496 14643 94139 98619
KILDRESS PARISH CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Total 2023 Total 2022 Income from charitable activities Fundraising events 9285 26933 9285 1396 1940 785 27718 785 36218 37003 3336 OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Total 2023 Total 2022 Land Lettings NIE Wayleave 1457 1457 23 1457 20 23 23 1457 1480 1477 INVESTMENT INCOME Unrestricted Funds Restricted Funds Total 2023 Total 2022 Deposit interest Bank Interest 215 1245 215 1245 107 64 1460 1460 171
KILDRESS PARISH CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER INCOME Unrestricted Funds Restricted Funds Total 2023 Total 2022 Magazines Insurance Claim Sustentation Account Income Altedesert Contribution Other Income 173 173 315 838 3212 838 3212 803 2019 5CK) 4223 4223 3637 RAISING FUNDS Unrestricted Funds Restricted Funds Total 2023 Total 2022 FWO envelopes & Printing Reports Fundraising events 1043 2165 1043 2165 1014 3208 3208 1014 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Total 2023 Total 2022 Diocese of Armagh Contribution Congregational running expense5 Donations to Missions and charities 52288 32769 52288 36273 3962 49854 37357 2678 3504 3962 85057 7466 92523 89889
KILDRESS PARISH CHURCH OF IRELAND NOTES TO THE ACCOUNTS {cont'd) 31 December 2023 OTHER EXPENDITURE Unrestricted Funds Restrirted Funds Total 2023 Total 2022 Investment properties expenses 10. FIXED ASSETS The congregation owns the Church premises situated at 6 Wellbrook Road, Cookstown, BT80 9RX 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
KILDRESS PARISH 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 Unrestritted Funds No. l Account 2194 84527 88265 {3738} 10167 8623 2194 84527 88265 {3738) 10167 8623 Restricted Funds Building Fund (No. 3 Account) Glebe Account Business Reserve Account Missions/Charities (From No. l Acc) 114834 11998 35493 51076 1630 1072 5753 45323 1630 1072 {1713) 191880) 68277 13628 116565 80000 1713 1713 162325 53778 7466 46312 110167) 198470 Total 164519 138305 95731 42574 207093