SEAVIEW CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Statement of Financial Activity (Receipts and Payments Account) for the year ended 31 December 2021
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 2021 Registered Charity in Northern Ireland (NIC104453)
NOTES.
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1). Year 2021 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 2021 Statement of Financial Activity: Opening Balances for Unrestricted Accounts; Restricted Accounts including Organisational Accounts agree with the Closing Balances 31 December 2020 as per the Annual Statistical Return Year 2020.
Signed: Mr Gordon Spratt Treasurer
Dated: 8th March 2022
SEAVIEW CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Accounts) For the year ended 31 December 2021
| 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 2021 (£) Total 2020 (£) 57,132 9,286 0 66,418 64,410 0 0 0 0 0 0 0 0 0 152 187 0 0 187 844 0 0 0 0 5,800 0 10,047 0 10,047 2,167 57,319 19,333 0 76,652 73,373 17,600 5 0 17,605 96,183 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 74,919 19,338 0 94,257 169,556 310 0 0 310 507 71,680 6,766 0 78,446 87,822 0 0 0 0 0 0 8,794 0 8,794 2,011 71,990 15,560 0 87,550 90,339 17,605 0 0 17,605 96,183 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 89,595 15,560 0 105,155 186,522 -14,671 3,773 0 -10,898 -16,966 -5 5 0 0 0 -14,676 3,778 0 -10,898 -16,966 70,260 11,323 0 81,583 98,549 55,584 15,101 0 70,685 81,583 |
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SEAVIEW CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES As of 31 December 2021
| 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 2021 |
1 Unrestricted Funds (£) Restricted Funds (£) Endowment Funds (£) Total 2021 (£) Total 2020 (£) 70,260 11,323 0 81,583 98,549 -14,676 3,778 0 -10,898 -16,966 55,584 15,101 0 70,685 81,583 Total 2021 (£) Total 2020 (£) 0 0 67,902 80,052 0 0 2,256 970 527 561 70,685 81,583 Unrestricted Funds (£) Restricted Funds (£) Endowment Funds (£) Total 2021 (£) Total 2020 (£) 0 0 0 0 0 0 0 0 70,685 81,583 0 0 13,700 13,700 13,700 Unrestricted Funds (£) Restricted Funds (£) Endowment Funds (£) Total 2021 (£) Total 2020 (£) 37 44 0 81 638 6,652 1,278 0 7,930 7,766 6,688 1,322 0 8,011 8,404 0 6,348 |
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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 Tuesday 8th March and signed on its behalf by:
Name: Rev Edward Hyndman Mr David McCormick Date: 8th March 2022 8th March 2022
SEAVIEW CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS As of 31 December 2021
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 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 2021 Total 2020 45,539 7,863 0 53,402 49,686 283 0 0 283 428 1,439 101 0 1,540 5,892 6,688 1,322 0 8,010 8,404 3,183 0 0 3,183 0 57,132 9,286 0 66,418 64,410 0 40 0 40 234 57,132 9,326 0 66,458 64,644 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 10,007 0 10,007 1,933 0 10,007 0 10,007 1,933 0 0 0 0 0 0 0 0 0 0 0 0 0 0 152 0 0 0 0 152 |
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| 5. Investment Income Deposit Interest Progressive Building Soc General Accs 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 2021 Total 2020 187 0 0 187 86 0 0 0 0 758 187 0 0 187 844 Unrestricted Funds Restricted Funds Endowment Funds Total 2021 Total 2020 0 0 0 0 5,800 0 0 0 0 0 0 0 0 0 5,800 Unrestricted Funds Restricted Funds Endowment Funds Total 2021 Total 2020 310 0 0 310 507 0 0 0 0 363 310 0 0 310 870 Unrestricted Funds Restricted Funds Endowment Funds Total 2021 Total 2020 13,138 0 0 13,138 15,048 47,840 0 0 47,840 48,194 9,709 576 0 10,285 17,659 753 0 0 753 738 0 6,190 0 6,190 5,943 240 0 0 240 240 71,680 6,766 0 78,446 87,822 0 8,794 0 8,794 1,648 71,680 15,560 0 87,240 89,470 Unrestricted Funds Restricted Funds Endowment Funds Total 2021 Total 2020 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 £3,381,554
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 £534,504, based on Insurance renewal October 2021.
| 11. Investments Purchase of Investments Purchase of fixed assests Loan Repayments Total |
Unrestricted Funds Restricted Funds Endowment Funds Total 2021 Total 2020 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- Charitable Funds 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 -294 54,136 71,990 -17,854 17,595 -553 70,554 3,183 0 3,183 -17,600 56,137 70,260 57,319 71,990 -14,671 -5 55,584 Balance at Start Receipts Payments Surplus / Deficit Transfer Balance at End 535 6,309 6,044 265 5 805 254 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 0 405 790 25 0 25 0 815 1,780 2,805 576 2,229 0 4,009 589 148 145 3 0 591 74 40 88 -48 0 26 10 0 0 0 0 10 467 15 0 15 0 482 981 9,992 8,707 1,285 0 2,267 11,323 19,333 15,560 3,773 5 15,101 81,583 76,652 87,550 -10,898 0 70,685 13,700 93 93 0 0 13,700 13,700 93 93 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 2022 accounts.