ABBOTS CROSS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Statement for the year ended 31 December 2022
Registered Charity in Northern Ireland (NIC104364)
Abbots Cross 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 | 126574 | 56627 | 0 | 183201 | 174984 | |
| Charitable activities | 3 | 561 | 12256 | 0 | 12817 | 4581 | |
| Other trading activities | 4 | 0 | 0 | 0 | 0 | 0 | |
| Investment Income | 5 | 158 | 0 | 0 | 158 | 86 | |
| Other | 6 | 949 | 0 | 0 | 949 | 365 | |
| Organisations | 0 | 7225 | 0 | 7225 | 8768 | ||
| 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 | 128242 | 76108 | 0 | 204350 | 188784 | ||
| Payments | |||||||
| Raising funds | 7 | 468 | 0 | 0 | 468 | 532 | |
| Charitable activities | 8 | 98555 | 47333 | 0 | 145888 | 133453 | |
| Investment costs | 0 | 0 | 0 | 0 | 0 | ||
| Other | 9 | 11246 | 14302 | 0 | 25548 | 676 | |
| Organisations | 0 | 7736 | 0 | 7736 | 6628 | ||
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | ||
| Purchase of fixed assets | 0 | 0 | 0 | 0 | 0 | ||
| Loan Repayments | 0 | 0 | 0 | 0 | 0 | ||
| Total Payments | 110269 | 69371 | 0 | 179640 | 141289 | ||
| Net receipts / (payments) | 17973 | 6737 | 0 | 24710 | 47495 | ||
| Transfers between funds | -2317 | 2317 | 0 | 0 | 0 | ||
| Net movement in funds | 15656 | 9054 | 0 | 24710 | 47495 | ||
| Funds brought forward | 81991 | 59954 | 0 | 141945 | 94450 | ||
| Funds carried forward | 12 | 97647 | 69008 | 0 | 166655 | 141945 |
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Abbots Cross Presbyterian Church - a Congregation of The Presbyterian Church in Ireland Statement of Financial Activity ( Receipts and Payments Account ) 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 | 81991 | 59954 | 0 | 141945 | 141945 |
| Net movement in funds | 15656 | 9054 | 0 | 24710 | 47495 |
| Bank and Cash at end of year | 97647 | 69008 | 0 | 166655 | 141945 |
| Bank & Cash Balances | |||||
| Ulster Bank No:1 | 100668 | 86400 | |||
| Ulster Bank Property | 56574 | 45621 | |||
| Cash in hand - Organisations | 342 | 1705 | |||
| Bank Current Accounts - Organisations | 9071 | 8219 | |||
| Total | 166655 | 141945 | |||
| Other Assets | |||||
| Fixed Assets - Note 10 | |||||
| Church Premises | 0 | 0 | |||
| Fixtures and Fittings | 0 | 0 | |||
| Vehicles | 0 | 0 | |||
| Investments - Note 11 | |||||
| Gift Aid receivable on donations | 21461 | 24366 | |||
| Other assets | 0 | 0 | |||
| Liabilities | |||||
| Loans | 0 | 0 | |||
| Other liabilities | 0 | 0 |
Approved by the Kirk Session at a meeting on Sunday 2nd April 2023 and signed on its behalf by
NAME: Mr T McWatters NAME: Mr Gary O'Rourke Date: 2nd April 2023 Date: 2nd April 2023
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Abbots Cross Presbyterian Church - a Congregation of The Presbyterian Church in Ireland Statement of Financial Activity ( Receipts and Payments Account ) 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:FWO/Blds | 95562 | 21897 | 0 | 117459 | 144514 |
| Loose collections/Donation | 16902 | 0 | 0 | 16902 | 2544 |
| Recorded givings: Missions | 0 | 13257 | 0 | 13257 | 0 |
| Donation: Mod A./Harv/Stud | 0 | 8862 | 0 | 8862 | 0 |
| Donations: Biblica/Ukraine | 0 | 5090 | 0 | 5090 | 0 |
| Donations: Presbytery | 170 | 0 | 0 | 170 | 560 |
| Gift Aid | 13940 | 7521 | 0 | 21461 | 24366 |
| Legacies and bequests | 0 | 0 | 0 | 0 | 3000 |
| 126574 | 56627 | 0 | 183201 | 174984 |
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Abbots Cross Presbyterian Church - a Congregation of The Presbyterian Church in Ireland Statement of Financial Activity ( Receipts and Payments Account ) Notes to the accounts (cont'd) - 31 December 2022
3 Charitable Activities
| **Unrestricted ** | **Restricted ** | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Income: S.U. Books | 221 | 0 | 0 | 221 | 171 |
| Fees from weddings and funerals | 340 | 0 | 0 | 340 | 580 |
| Church Week-End | 0 | 1426 | 0 | 1426 | 0 |
| Grants - U.M.Trust - Spark | 0 | 7000 | 0 | 7000 | 0 |
| Grants - U.M.Trust: Youth Lk. A Anderson | 0 | 3830 | 0 | 3830 | 3830 |
| 561 | 12256 | 0 | 12817 | 4581 |
| 4 | Other Trading Activities | |||||
|---|---|---|---|---|---|---|
| **Unrestricted ** | **Restricted ** | Endowment | Total | Total | ||
| Funds | Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | £ | ||
| Letting of | premises | 0 | 0 | 0 | 0 | 0 |
| Trading income | 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 |
| 5 Investment Income |
|||||
|---|---|---|---|---|---|
| **Unrestricted ** | **Restricted ** | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Deposit interest | 158 | 0 | 0 | 158 | 86 |
| General Investment Fund | 0 | 0 | 0 | 0 | 0 |
| Rents investment properties | 0 | 0 | 0 | 0 | 0 |
| Other investment income | 0 | 0 | 0 | 0 | 0 |
| 158 | 0 | 0 | 158 | 86 |
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Abbots Cross Presbyterian Church - a Congregation of The Presbyterian Church in Ireland Statement of Financial Activity ( Receipts and Payments Account ) Notes to the accounts (cont'd) - 31 December 2022
6
Other Income
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Insurance claims | 0 | 0 | 0 | 0 | 0 |
| Other income H&L,Presbytery | 749 | 0 | 0 | 749 | 365 |
| Bank Compensation | 200 | 0 | 0 | 200 | 0 |
| 949 | 0 | 0 | 949 | 365 | |
| 7 Raising Funds |
|||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| FWO envelopes/Missions | 468 | 0 | 0 | 0 | 532 |
| Fundraising events | 0 | 0 | 0 | 0 | 0 |
| 468 | 0 | 0 | 0 | 532 | |
| 8 Charitable Activities |
|||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| General Assembly Assessments | 18661 | 0 | 0 | 18661 | 18918 |
| Presbytery fees | 807 | 0 | 0 | 807 | 791 |
| Ministry and support staff costs | 53851 | 0 | 0 | 53851 | 49828 |
| Congregational running expenses | 24486 | 16456 | 0 | 40942 | 42895 |
| Donations to Missions and Charities | 0 | 30768 | 0 | 30768 | 16610 |
| Governance costs: Bank fees/gifts | 750 | 109 | 0 | 859 | 330 |
| 98555 | 47333 | 0 | 145888 | 129372 |
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Abbots Cross Presbyterian Church - a Congregation of The Presbyterian Church in Ireland Statement of Financial Activity ( Receipts and Payments Account ) Notes to the accounts (cont'd) - 31 December 2022
Other Expenditure
| 9 Other Expenditure |
|||||
| UnrestrictedRestrictedEndowment | Total | Total | |||
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Insurance expenses | 8171 | 0 | 0 | 8171 | 0 |
| Other Expenditure: Gifts | 875 | 0 | 0 | 875 | 676 |
| House rent: Ukraine Family | 2200 | 0 | 0 | 2200 | 0 |
| Outreach: Spark | 0 | 7620 | 0 | 7620 | 0 |
| Church Week-End | 0 | 2414 | 0 | 2414 | 0 |
| Youth Link: A Anderson | 0 | 4268 | 0 | 4268 | 4081 |
| 11246 | 14302 | 0 | 25548 | 4757 |
10 Fixed Assets
The congrega�on owns The Church premises situated at 91 Doagh Road, Newtownabbey, Co Antrim, BT37 9QN and a manse with associated fixtures/fittings and equipment for the use of the minister.
These have a combined insurance value of £6,000,698 at last renewal date.
11 Investments
The congregation has the following investments. Amounts are shown at market valuation
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| General Investment Fund | 0 | 0 |
| Property | 0 | 0 |
| Other investments | 0 | 0 |
| 0 | 0 |
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Abbots Cross Presbyterian Church - a Congregation of The Presbyterian Church in Ireland Statement of Financial Activity ( Receipts and Payments Account ) Notes to the accounts (cont'd) - 31 December 2022
| 12 | Fund Balances | |||||||
|---|---|---|---|---|---|---|---|---|
| Balance | Receipts | Payment | Surplus / | Transfers | Balance | |||
| at start | (Deficit) | at end | ||||||
| £ | £ | £ | £ | £ | £ | |||
| Unrestricted Funds | ||||||||
| General Fund | 81991 | 128242 | 110269 | 17973 | -2317 | 97647 | ||
| 81991 | 128242 | 110269 | 17973 | -2317 | 97647 | |||
| Restricted Funds | ||||||||
| Maintenance of Property | 45621 | 27518 | 16565 | 10953 | 0 | 56574 | ||
| Restricted Congregational Funds | ||||||||
| Missionary Training & Support | 1252 | 780 | 910 | -130 | 0 | 1122 | ||
| European Christian Mission | 382 | 2618 | 3000 | -382 | 0 | 0 | ||
| CAP | 175 | 31 | 206 | -175 | 0 | 0 | ||
| Alan Nixon | 0 | 25 | 25 | 0 | 0 | 0 | ||
| Student Bursary Fund | 0 | 572 | 572 | 0 | 0 | 0 | ||
| U.M.T. Grant: Youth Link | 0 | 3830 | 4268 | -438 | 438 | 0 | ||
| Church Week-End | 0 | 1426 | 2414 | -988 | 988 | 0 | ||
| Missions and Charities Fund | ||||||||
| United Appeal | 420 | 3457 | 8672 | -5215 | 4795 | 0 | ||
| Presbyterian Missions | 0 | 442 | 0 | 442 | -442 | 0 | ||
| Harvest | 0 | 4328 | 0 | 4328 | -4328 | 0 | ||
| Tear Fund | 900 | 4084 | 4000 | 84 | 0 | 984 | ||
| Feba Radio | 545 | 1084 | 1730 | -646 | 101 | 0 | ||
| Open Doors | 735 | 2138 | 3018 | -880 | 145 | 0 | ||
| Moderators Appeal | 0 | 4460 | 4460 | 0 | 0 | 0 | ||
| Biblca/Ukraine | 0 | 5090 | 4175 | 915 | 0 | 915 | ||
| Outreach: U.M.T. Grant - Spark | 0 | 7000 | 7620 | -620 | 620 | 0 | ||
| Organisations | 9924 | 7225 | 7736 | -511 | 0 | 9413 | ||
| 59954 | 76108 | 69371 | 6737 | 2317 | 69008 | |||
| Endowment Funds | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Total Funds | 141945 | 204350 | 179640 | 24710 | 0 | 166655 |
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