SEAVIEW CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Statement of Financial Activity (Receipts and Payments Account) for the year ended 31 December 2022
Registered Charity in Northern ireland (NIC104453)
Seaview Presbyterian Church - Congregation of the Presbyterian Church in Ireland Statement of Financial Activity (Receipts and Payments Account) For the year ended 31 December 2022 Registered Charity in Northern Ireland (NIC104453)
NOTES.
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1). Year 2022 Statement of Financial Activity: As per the 'template' prepared on behalf of the Finance Panel of the Support Services Committee of the General Council, October 2017
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2). Year 2022 Statement of Financial Activity: Opening Balances for Unrestricted Accounts; Restricted Accounts including Organisational Accounts agree with the Closing Balances 31 December 2021 as per the Annual Statistical Return Year 2022.
Signed: Mr Gordon Spratt
- Gordon Spratt
Dated: 21/03/23
SEAVIEW CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Accounts) For the year ended 31 December 2022
| Receipts Note Donations and Legacies 2 Charitable Activities 3 Other Trading Activities 4 Investment Income 5 Other 6 Organisations Total Receipts Transfers In Sale of Investments Sale of Fixed Assets Loans Received Total Receipts + Transfers In Payments Raising Funds 7 Charitable Activities 8 Other 9 Organisations Total Payments Transfers Out Purchase of Investments 11 Purchase of fixed assests Loan Repayments Total Payments and Transfers Out Net Receipts / Payments Net Transfers Between Funds Net Movement in Funds Funds Brought Forward 12 Funds Carried Forward |
Unrestricted Funds (£) Restricted Funds (£) Endowment Funds (£) Total 2022 (£) Total 2021 (£) 59,104 10,410 0 69,514 66,371 0 0 0 0 0 152 0 0 152 0 162 0 0 162 187 0 0 0 0 0 0 1,903 0 1,903 10,094 59,418 12,313 0 71,731 76,652 17,430 210 0 17,640 17,605 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 76,848 12,523 0 89,371 94,257 323 0 0 323 310 77,330 7,768 0 85,098 78,446 0 0 0 0 0 0 3,659 0 3,659 8,794 77,653 11,427 0 89,080 87,550 17,640 0 0 17,640 17,605 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 95,293 11,427 0 106,720 105,155 -18,235 886 0 -17,349 -10,898 -210 210 0 0 0 -18,445 1,096 0 -17,349 -10,898 55,584 15,101 0 70,685 81,583 37,139 16,197 0 53,336 70,685 |
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SEAVIEW CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES As of 31 December 2022
| Funds Reconciliation Bank and Cash at Start of Year Net Movement in Funds Bank and Cash at End of Year Bank and Cash Balances General Fund Bank Deposit Accounts General Fund Bank Current Accounts Organisations Bank Deposit Accounts Organisations Bank Current Accounts Organisations Cash in Hand Totals Investments Total Bank and Investments Endowment Progressive B/S Restricted Account Other Assets Fixed Assets See Notes to the Accounts Gift Aid Receiveable on Donations Small Donations Gift Aid Gift Aid on Members Contributions Totals Liabilities Loans Uncleared Cheques end of 2022 |
Unrestricted Funds (£) Restricted Funds (£) Endowment Funds (£) Total 2022 (£) Total 2021 (£) 55,584 15,101 0 70,685 81,583 -18,445 1,096 0 -17,349 -10,898 37,139 16,197 0 53,336 70,685 Total 2022 (£) Total 2021 (£) 0 0 52,308 67,902 0 0 436 2,256 592 527 53,336 70,685 Unrestricted Funds (£) Restricted Funds (£) Endowment Funds (£) Total 2022 (£) Total 2021 (£) 0 0 0 0 0 0 0 0 53,336 70,685 0 0 13,700 13,700 13,700 Unrestricted Funds (£) Restricted Funds (£) Endowment Funds (£) Total 2022 (£) Total 2021 (£) 131 166 0 298 81 6,771 1,018 0 7,789 7,930 6,902 1,185 0 8,087 8,011 0 5,513 |
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SEAVIEW CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY (Cont'd)
Approved by the Kirk Session at a meeting on Siunday 26th March and signed on its behalf by:
Name: Rev Edward Hyndman Mr David McCormick Edward Hyndman David McCormick Date: 26/03/2023 26/03/2023
SEAVIEW CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS As of 31 December 2022
1. BASIS OF FINANCIAL STATEMENTS
As the total income of the Congregation is less than £250,000 the Congregation has 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 congregations 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 Recorded Giving Loose Collections Donations and Gifts Gift Aid Legacies and Bequests Sub-total Organisations Organisations Gift Aid Total 3. Charitable Activities Fees from Weddings and Funerals Fundraising Events Membership Fees Grants Other Charitable Activities Sub-total Organisations Total 4. Other Trading Activities Letting of Premises Hire of Church Halls Polling Station Fee Total |
Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 46,227 7,529 0 53,756 53,402 556 0 0 556 283 3,325 1,730 0 5,055 1,540 6,902 1,151 0 8,053 7,963 2,094 0 0 2,094 3,183 59,104 10,410 0 69,515 66,371 0 349 0 349 40 0 34 0 34 47 59,104 10,793 0 69,514 66,458 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,520 0 1,520 10,007 0 1,520 0 1,520 10,007 0 0 0 0 0 0 0 0 0 0 152 0 0 152 0 152 0 0 152 0 |
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| 5. Investment Income Deposit Interest Total 6. Other Income Insurance Claims Other Income Total 7. Raising Funds Cost of Contribution Envelopes Organisations Fundraising Events Total 8. Charitable Activities General Assembly Assessments Ministry and Support staff costs Running Expenses Presbytery Fees Donations to Missions Governance costs Sub-total Organisations Total 9. Other Expenditure Other Expenditure |
Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 162 0 0 162 187 162 0 0 162 187 Unrestricted Restricted Endowment Total 2022 Total 2021 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Unrestricted Restricted Endowment Total 2022 Total 2021 323 0 0 323 310 0 0 0 0 0 323 0 0 323 310 Unrestricted Restricted Endowment Total 2022 Total 2021 12,777 0 0 12,777 13,138 47,683 0 0 47,683 47,840 15,772 1,570 0 17,342 10,285 768 0 0 768 753 0 6,198 0 6,198 6,190 330 0 0 330 240 77,330 7,768 0 85,098 78,446 0 3,659 0 3,659 8,794 77,330 11,427 0 88,757 87,240 Unrestricted Restricted Endowment Total 2022 Total 2021 0 0 0 0 0 0 0 0 0 0 |
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10. Fixed Assets
The Congregation owns the Church premises situated at 90 Shore Road, Belfast BT15 3QA. Along with associated fixtures and fittings these have an insurance value of £ 3,760,288
The Congregation also owns a Manse for the Minister and his family, situated at 4 Dorchester Avenue, Glengormley, along wth associated fixtures and fittings this has an insurance value of £594,368, based on Insurance renewal October 2022.
| 11. Investments Purchase of Investments Purchase of fixed assests Loan Repayments Total |
Unrestricted Restricted Endowment Total 2022 Total 2021 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
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12. Fund Balances
| Unrestricted Funds General Account Bequest Account Totals Restricted Funds General Account Benevolent fund Candidates Fund Engage Fund Manse Account New Leaf Account Pastoral Care Fund Property Account Sunday School Account Christian Explorers Church Choir Mens Fellowship Girls Brigade Totals Total Funds Endowment Funds Progressive Building Soc Restricted Beq Acc Total |
Balance at Start Receipts Payments Surplus / Deficit Transfer Balance at End -553 57,418 75,523 -18,105 16,960 -1,698 56,137 2,000 2,130 -130 -17,170 38,837 55,584 59,418 77,653 -18,235 -210 37,139 Balance at Start Receipts Payments Surplus / Deficit Transfer Balance at End 805 7,928 7,138 790 210 1,805 254 0 0 0 0 254 3,232 0 0 0 0 3,232 186 0 0 0 0 186 2,019 0 0 0 0 2,019 405 0 0 0 0 405 815 0 0 0 0 815 4,009 2,482 630 1,852 0 5,861 591 163 163 0 0 591 26 200 169 31 0 57 10 0 0 0 0 10 482 25 0 25 0 507 2,267 1,515 3,327 -1,813 0 455 15,101 12,313 11,427 886 210 16,197 70,685 71,731 89,080 -17,349 0 53,336 13,700 82 82 0 0 13,700 13,700 82 82 0 0 13,700 |
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Notes :
Presbytery Finance panel advised that we show our Endowment fund separately since under the terms of the Bequest we can only use the Interest accrued by the Capital invested and not the Capital itself. The interest is calculated by the Progressive Building Society on 31st December each year and transferred to our Danske Bank account on same day, but doesn't appear in our account until January the following year. The interest shown above will therefore appear in 2023 accounts.