ABBOTS CROSS CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Financial Statement for the year ended 31 December 2023 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 2023 Unrestricted Restricted Endowment Funds Funds Funds Total 2023 Total 2022 Notes Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other Organisations 123,585 49,880 8,525 173,465 8,525 183,201 12,817 1,279 1,165 1,279 1,165 12,867 158 949 7,225 12 12.867 Sale of Investments Sale of fixed assets Loans Received Total Receipts 126,029 71,272 197.301 204,350 Payments Raising funds Charitable activities Investment costs Other Organisations 468 145,888 100,987 47,217 148,204 9,755 15.463 14,635 25,218 14,635 25,548 7,736 12 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 110,742 77,315 188,057 179,640 Net receipts / (payments) Transfers between funds 15,287 8,339 6,043 8,339 9,244 24,710 Net movement in funds 6,948 2,296 9,244 24,710 Fund5 brought forward 97,647 69,008 166.655 141,945 Funds carried forward 12 104,595 71.304 175.899 166,655 Page -l-
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 2023 Unrestricted Restricted Endowment Total Funds Funds Funds 2023 Total 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 97,647 6,948 69,008 2,296 166,655 9,244 141,945 24,710 Bank and Cash at end of year 104,595 71,304 175,899 166,655 Bank & Cash Balances Ulster Bank account Ulster Bank account Ulster Bank Missions account Cash in hand - Organisations Bank Current Accounts- Organisations 106,595 55,533 5,126 423 8.222 175.899 100,668 56,574 342 9,071 166,655 Total Other Assets Fixed Assets- Note 10 Church Premises Fixtures and Fittings Vehicles Investments - Note 11 Gift Aid receivable on donations Other assets 22,689 21,461 Liabilities Loans Other liabilities Approved by the Kirk Session at a meeting on Tuesday 8th October 2024 and signed on its behalf by.. NAME: Mr Tmcwatters NAME: Mr GaryAnderson Date: Date.. Page -2-
Abbots Cross Presbyterian Church Congregation of The Presbyterian Church in Ireland Statement of Financial Activity { Receipts and Payments Account ) 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 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 {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. 2. Donations and Legacies Unrestricted Restrlcted Endowment Funds Funds Funds Total 2023 Total 2022 Recorded givings.'FWO/Blds Loose collection5/Donation Recorded givings- Missions Donation: Mod A./HarvlStud/Books Donations: Biblicalukraine Donations.. Presbytery Gift Aid Legacies and bequests 98,306 4,590 19,784 118,090 117.459 4,590 16,902 18,512 13,257 6,276 8,862 3,308 5,090 170 21,461 18,512 6.276 3,308 20,689 2,000 22,689 123,585 49,880 173,465 183,201 Page -3-
Abbots Cross Presbyterian Church- a Congregation of The Presbyterian Church in Ireland Statement of Financial Activity l Receipts and Payments Account ) Notes to the accounts {cont'd)- 31 December 2023 Charitable Activities Unrestricted Restricted Endowment Total Funds Funds Funds 2023 Total 2022 Income: S.U. Books Fees from weddings and funerals Church Week-End Grants - U.M.Trust- Spark Grants - U.M.Trust: Youth Lk. A Anderson 1,000 1.000 221 340 1,426 7,000 3,830 610 6.915 610 6,915 8,525 8,525 12,817 Other Trading Actlvities Unrestrlcted Restricted Endowment Total Funds Funds Funds 2023 Total 2022 Letting of premises Trading income Investment Income Unre5trirted Restricted Endowment Total Funds Funds Funds 2023 Total 2022 Bank interest General Investment Fund Rents investment properties Other investment income 1.279 1,279 158 1,279 1.279 158 Page-4-
Abbots Cr055 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 2023 Other Income Unrestricted Restricted Endowment Total Funds Fund5 Funds 2023 Total 2022 Energy payment. Heat & Light Other income Bank Compensation 600 565 600 565 749 200 1,165 1,165 949 Raising Funds Unrestrlcted Restricted Endowment Total Funds Funds Funds 2023 Total 2022 FWO envelopes/Missions Fundraising events 468 468 ChaTltable Activities Unrestricted Restrlcted Endowment Total Funds Funds Funds 2023 Total 2022 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and Charities Governance costs.. Bank fees/Gifts 19,662 687 57.861 22,038 19,662 687 57,861 42,761 26,215 1,018 18,661 807 53,851 40,942 30.768 859 20,723 26,215 279 739 100,987 47,217 148,204 145.888 Page -5-
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 2023 Other Expenditure Unrestrictei Restricted Endowment Total Funds Funds Funds 2023 Total 2022 Insurance expenses Other Expenditure: Gifts Biblica/Ukraine Family Outreach- Spark Church Week-End Youth Link.. A Anderson Student Bursary Fund 9,329 426 9.329 426 1,725 6,283 1,696 4,750 1,009 8,171 875 2,200 7.620 2,414 4,268 1,725 6,283 1,696 4,750 1,009 9,755 15,463 25,218 25,548 io Fixed Assets The congregation owns The Church / Hall premises situated at 91 Doagh Road, 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 £5,260,637 at last renewal date. li Investments The congregation has the following investments. Amounts are shown at market valuation 2023 2022 General Investment Fund Property Other investments Page -6-
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 2023 12. Fund Balances Balance at start Receipt Payment Surplus / Transfers (Deficit) Balance at end Unrestricted Funds General Fund 97,647 126,029 110,742 15,287 8,339 104,595 97,647 126,029 110,742 15.287 8,339 104.595 Restricted Funds Malntenance of Property 56,574 21,784 20.825 959 57,533 Restrlcted Congregational Funds Church Week-End MissionaryT & S Student Bursary Fund S.U Books U.M.T. Grant.. Youth Link 610 1,696 550 1,009 1,000 4,750 1,086 520 1,009 1.086 1,122 30 602 1,009 1.000 4.750 4,750 Missions and Charltle5 Fund Biblca/Ukraine European Christian Mission Feba Radio General Mission Fund Harvest Open Doors Outreach: U.M.T. Grant:Spark Moderators Appeal Tear Fund United Appeal 915 3,308 1,890 950 8,155 3,811 1,745 6,915 1,725 3,000 850 4,172 1.583 I,iio loo 3,983 3,811 225 632 2.498 I,iio loo 3,983 3,811 1.520 6,283 225 632 984 5,742 2,465 5,657 9,643 85 7,178 1,069 7,178 Organisations 9,413 12,867 14,635 1,768 1,000 8,645 69,008 71,272 77,315 6,043 8,339 71,304 Endowment Funds Total Funds 166,655 197,301 188,057 9,244 175,899 Page-7-