GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Charity Accounts for the year ended 31 December 2022
Registered Charity in Northern Ireland (NIC104474)
1
GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2022
| Note | Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | £ | ||
| Receipts | ||||||
| Donations and legacies | 2 | 151,149 | 8,979 | 160,128 | 136,244 | |
| Charitable activities | 3 | 80 | 80 | 193 | ||
| Other trading activities | 4 | |||||
| Investment Income | 5 | 1,443 | 154 | 1,597 | 2,009 | |
| Other | 6 | |||||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 152,672 | 9,133 | 161,805 | 138,446 | |||
| Sale of Investments | ||||||
| Sale of fixed assets | ||||||
| Loans Received | ||||||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Receipts | 152,672 | 9,133 | 161,805 | 138,446 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Payments | ||||||
| Raising funds | 7 | 2,894 | 2,894 | 1,475 | ||
| Charitable activities | 8 | 178,320 | 6,920 | 185,240 | 147,418 | |
| Investment costs | ||||||
| Other | 9 | |||||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 181,214 | 6,920 | 188,134 | 148,893 | |||
| Purchase of Investments | ||||||
| Purchase of fixed assets | ||||||
| Loan Repayments | ||||||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Payments | 181,214 | 6,920 | 188,134 | 148,893 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net receipts / (payments) | (28,542) | 2,213 | (26,329) | (10,447) | ||
| Transfers between funds | ||||||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net movement in funds | ||||||
| Funds brought forward | 83,288 | 387,031 | 470,319 | 480,766 | ||
| ---------- | --------- | ---------- | ---------- | ---------- | ||
| Funds carried forward | 12 | 54,746 | 389,244 | 443,990 | 470,319 | |
| ====== | ====== | ====== | ====== | ====== |
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GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES as at 31 December 2022
| s at 31 December 2022 | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | Funds | Funds | |
| 2022 | 2021 | ||||
| £ | £ | £ | £ | £ | |
| Funds Reconciliation | |||||
| Bank and Cash at start of year | 111,898 | 897 | 112,795 | 114,791 | |
| Net movement in funds | (58,417) | 1,712 | (56,705) | (1,996) | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Bank and Cash at end of year | 53,481 | 2,609 | 56,090 | 112,795 | |
| ======- | ======= | ======= | ======= | ======= | |
| Bank & Cash Balances | |||||
| Bank Deposit Accounts | 55,597 | 110,455 | |||
| Bank Current Accounts | 493 | 2,340 | |||
| Cash in Hand | |||||
| ---------- | ---------- | ||||
| 56,090 | 112,795 | ||||
| ======= | ======= | ||||
| Other Assets | |||||
| Fixed Assets – Note 10 | |||||
| - Church Premises | |||||
| - Fixtures, Fittings &Equipment | |||||
| - Vehicles | |||||
| Investments – Note 11 | 320,450 | 319,007 | |||
| Gift Aid receivable on donations | 74,433 | 49,230 | |||
| ---------- | ---------- | ||||
| 394,883 | 368,237 | ||||
| ======= | ======= | ||||
| Liabilities | |||||
| Loans | |||||
| Other | 6,983 | 10,713 | |||
| ---------- | ---------- | ||||
| 6,983 | 10,713 | ||||
| ======= | ======= |
Approved by the Kirk Session on 14 December 2023 and signed on its behalf by
Stephen Moore Hilary Morrow 14/12/23 14/12/23
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GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND 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 giving | 94,370 | 94,370 | 92,087 | ||
| Loose collections | 2,809 | 2,809 | 927 | ||
| Donations and gifts | 9,359 | 8,979 | 18,338 | 10,133 | |
| Charitable collections | 20,672 | 20,672 | 14,510 | ||
| Gift Aid | 18,237 | 18,237 | 18,587 | ||
| Legacies and bequest | 5,702 | 5,702 | |||
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 151,149 | 8,979 | 160,128 | 136,244 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- |
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GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2022
3. CHARITABLE ACTIVITIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Income from charitable activities | |||||
| Fees from weddings and funerals | |||||
| Fundraising events | |||||
| Membership fees | 80 | 80 | 193 | ||
| Grants | |||||
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 80 | 80 | 193 | |||
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 4. OTHER TRADING ACTIVITIES | |||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Letting of premises | |||||
| Trading income | |||||
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 5. INVESTMENT INCOME | |||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Deposit interest | 154 | 154 | 29 | ||
| General Investment Fund | |||||
| Rents investment properties | |||||
| Other investment income | 1,443 | 1,443 | 1,980 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 1,443 | 154 | 1,597 | 2,009 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- |
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GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2022
6. OTHER INCOME
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Insurance claims | |||||
| Other income | |||||
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 7. RAISING FUNDS |
|||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| FWO envelopes | 2,894 | 2,894 | 1,475 | ||
| Fundraising events | |||||
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 2,894 | 2,894 | 1,475 | |||
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 8. CHARITABLE ACTIVITIES |
|||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| General Assembly Assessments | 29,603 | 29,603 | 32,077 | ||
| Presbytery fees | 787 | 787 | 821 | ||
| Ministry and support staff costs | 94,424 | 94,424 | 72,673 | ||
| Congregational running expenses | 25,720 | 6,920 | 32,640 | 22,457 | |
| Donations to Missions and | 24,904 | 24,904 | 18,022 | ||
| charities | |||||
| Governance costs | 2,882 | 2,882 | 1,368 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 178,320 | 6,920 | 185,240 | 147,418 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- |
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GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (cont’d)
31 December 2022
9. OTHER EXPENDITURE
----- Start of picture text -----
||
|---|
|Investment properties expenses|
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| Unrestricted | Restricted | Endowment | Total | Total |
|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 |
| £ | £ | £ | £ | £ |
| ---------- | ---------- | ---------- | ---------- | ---------- |
| ---------- | ---------- | ---------- | ---------- | ---------- |
10. FIXED ASSETS
The congregation owns the Church premises situated at 161A Gilnahirk Road and the associated fixtures, fittings, plant and machinery. These have an insurance value of £3,746,447.
11. INVESTMENTS
The congregation has the following investments. Other investments are valued at previous years valuation plus income received during the year net of fees paid.
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| General Investment Fund | ||
| Property | ||
| Other investments | 320,450 | 319,007 |
| ---------- | ---------- | |
| 320,450 | 319,007 | |
| ---------- | ---------- |
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GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2022
12. FUND BALANCES
| Fund | Balance | Receipts | Payment | Surplus / | Transfer | Balance |
|---|---|---|---|---|---|---|
| at start | (Deficit) | at end | ||||
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds | ||||||
| General Fund | 83,288 | 152,672 | 181,214 | (28,542) | 54,746 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 83,288 | 152,672 | 181,214 | (28,542) | 54,746 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Restricted Funds | ||||||
| Manse account | 2,823 | 500 | (500) | 2,323 | ||
| Office Reserve account | 2,101 | 2,101 | ||||
| Capital account | 2,809 | 154 | 1,300 | (1,146) | 1,663 | |
| Repairs & maintenance | 67,054 | 8,979 | 4,620 | 4,359 | 71,413 | |
| Bequests and Memorials | 312,244 | 500 | (500) | 311,744 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 387,031 | 9,133 | 6,920 | 2,213 | 389,244 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Endowment Funds | ||||||
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| ---------- | ----------- | ----------- | ----------- | ----------- | ---------- | |
| Total | 470,319 | 161,805 | 188,134 | (26,329) | 443,990 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- |
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