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-