an GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND Charity Accounts for the year ended 31 December 2023 Registered Charity in Northern Ireland (NIC104474}
an GILNAHIRK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 190,618 304 16,487 207,105 304 160,128 80 3,225 1,304 4,529 1,597 194,147 17,791 211,938 161,805 Sale of Investments Sale of fixed assets Loans Received Total Receipts 194,147 17,791 211,938 161,805 Payments Raising funds Charitable activitie5 Investment costs Other 1,475 192,583 1,475 222,786 2,894 185,240 30,203 194,058 30,203 224,261 188,134 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 194,058 30203 224,261 188,134 Net receipts / (payments) Transfers between funds 89 11,0001 112,412) 1,000 {12,323) 126,329) Net movement in funds Funds brought forward 54,746 389,244 443,990 470,319 Funds carried forward 12 53,835 377,832 431,667 443,990
an GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES as at 31 December 2023 Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2023 Total Funds 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 53,481 89 2,609 16,880 56,090 16,969 112,795 156,705) Bank and Cash at end of year 53,570 19,489 73,059 56,090 Bank & Cash Balances Bank Deposit Accounts Ban1< Current Accounts Cash in Hand 66,469 6,590 55,597 493 73,059 56,090 Other Assets Fixed Assets- Note 10 Church Premises Fixtures, Fittings &Equipment Vehicles Investments- Note 11 Gift Aid receivable on donations 323,675 45,121 320,450 74,433 368,796 394,883 Liabilities L03ns Other 10,188 6,983 10,188 6,983 Approved by the Kirk Session and signed on its behalf on 20/10/24 by Stephen Moore Hilary Morrow
an GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND 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 fund5 depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise (a) income from endowment5 which is to be expended only on the restricted purposes intended by the donor and Ib} revenue donation5 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. DONATIONS AND LEGACIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Recorded giving Loose collections Donations and gifts Charitable collections Gift Aid Legacies and bequests 96,094 3,270 24,604 20,069 17,417 29,164 96,094 3,270 41,091 20,069 17,417 29,164 94,370 2,809 18,338 20,672 18,237 5,702 16,487 190,618 16,487 207,105 160,128
an GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 304 304 80 304 304 80 OTHER TRADING ACTIVITIES Unrestricted Fund5 Restricted Funds Endowment Funds Total 2023 Total 2022 Letting of premises Trading income INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Deposit interest General Investment Fund Rents investment propertie5 Other investment income 981 981 154 323 323 3,225 3,225 1,443 3,225 1,304 4,529 1,597
an GILNAHIRK CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Insurance claims Other income RAISING FUNDS Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 FWO envelopes Fundraising events 1,475 1,475 2,894 1,475 1,475 2,894 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 General Assembly Assessments Presbytery fees Ministry and Support staff costs Congregational running expenses Donations to Mi55ions and charities Governance costs 29,261 831 107,121 30,977 21,768 29,261 831 107,121 61,180 21,768 29,603 787 94,424 32,640 24,904 30,203 2,625 2,625 2,882 192,583 30,203 222,786 185,240
an GILNAHIRKCONGREGATION OF THE PRESBwfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Investment properties expenses 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 ha5 the following investments. Other investments are valued at previous years valuation plus income received during the year net of fees paid. 2023 2022 General Investment Fund Property Other investments 323,675 320,450 323,675 320,450
an GILNAHIRK CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 12. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Deficit) Transfer Balance at end Unrestricted Funds General Fund 54,746 194,147 1194,058) 89 11,000} 53,835 54,746 194,147 1194,0581 89 {I,000) 53,835 Restricted Funds Manse account Office Reserve account Capital account Repairs & maintenance Bequests and Memorials 2,323 2,101 1,663 71,413 311,744 (2,761) {2,7611 1,000 562 2,101 2,644 60,458 312,067 981 16,487 323 981 (27,442} {10,955) 323 389,244 17,791 130,2031 (12,412} 1,000 377,832 Endowment Funds Total 443,990 211,938 (224,2611 {12,323) 431,667