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