RAVENHILL CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) FOR THE YEAR ENDED 31 DECEMBER 2022
| Unrestricted | Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||
| £ | £ |
£ | £ | ||
| Note | |||||
| RECEIPTS | |||||
| Donations and Legacies | 2 | 92,311 | 11,793 | 104,104 |
97,931 |
| Charitable Activities | 3 | 1,390 | 36,569 | 37,959 | 25,780 |
| Investment Income |
4 | 924 | 1 | 925 | 968 |
| TOTAL RECEIPTS | 94,625 | 48,363 | 142,988 | 124,679 | |
| PAYMENTS | |||||
| Raising Funds |
5 | 419 | 0 | 419 | 537 |
| Charitable Activities | 6 |
121,554 | 34,822 | 156,376 | 121,178 |
| Governance Costs | 0 | 0 |
0 | 0 | |
| TOTAL PAYMENTS |
121,973 | 34,822 | 156,795 | 121,715 | |
| Net Receipts / (payments) | (27,348) | 13,541 | (13,807) | 2,964 | |
| Transfer between funds | 9 | 10,000 | (10,000) | 0 |
0 |
| Funds brought forward | 132,625 | 25,389 | 158,014 | 155,050 | |
| Funds carried forward | 115,277 | 28,930 | 144,207 | 158,014 |
RAVENHILL CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2022
| Unrestricted Restricted Funds Funds £ £ FUNDS RECONCILIATION Cash at bank 31/12/2021132,625 25,389 Surplus/(Deficit) this year end(17,348) 3,541 Cash at bank 31/12/2022(Note 10)115,277 28,930 BANK & CASH BALANCES Bank Current Accounts Bank Deposit Accounts Cash in Hand TOTALS OTHER ASSETS Fixed Assets 7 Church Premises Manse Fixtures, Fittings & Equipment Vehicles (Minibus) TOTALS Investments 8 |
Total Total 2022 2021 £ £ 158,014 144,207 107,761 121,720 36,446 36,294 0 0 ___ 144,207 158,014 5,958,000 5,542,000 472,000 438,000 700,000 650,000 2,500 2,500 ___ 7,132,500 6,632,500 23,073 23,976 |
|---|---|
LIABILITIES None
Approved by the Kirk Session at a meeting on 12[th] May 2024 and signed on its behalf by
Denis Marriott Clerk 12[th] May 2024 John Patterson Hon. Secretary 12[th] May 2024
RAVENHILL 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.
2. DONATIONS AND LEGACIES
| 2.DONATIONS AND LEGACIES | 2.DONATIONS AND LEGACIES | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total |
Total | |
| Funds | Funds | 2022 |
2021 | |
| £ | £ |
£ | £ | |
| Recorded Giving |
74,066 | 8,904 | 82,970 |
82,518 |
| Loose Offerings |
2,750 | 0 | 2,750 | 1,857 |
| Donations |
3,013 | 0 | 3,013 | 1,020 |
| Gift Aid |
11,482 | 2,889 | 14,371 | 12,536 |
| Bequests |
1,000 | 0 | 1,000 | 0 |
| 104,104 | 97,931 | |||
| 3.CHARITABLE ACTIVITIES | ||||
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | 2022 | 2021 | |
| £ | £ |
£ | £ | |
| For Missions/Charities |
0 | 935 | 935 |
996 |
| Other Church Activity |
1,390 | 4,090 | 5,480 | 8,697 |
| BB/GB/Shine/Tots & Co. Activity0 | 4,061 | 4,061 | 967 | |
| PW / WM / Bowls Club Activity | 0 | 4,319 | 4,319 | 2,003 |
| Grants |
0 | 23,164 | 23,164 | 13,117 |
| 37,959 | 25,780 | |||
| 4.INVESTMENT INCOME | ||||
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | 2022 | 2021 | |
| £ | £ |
£ | £ | |
| Deposit Interest |
154 | 0 |
154 | 201 |
| Current Acct Interest |
260 | 1 | 261 | 276 |
| General Investment Fund | 510 | 0 | 510 | 491 |
| 925 | 968 |
NOTES CONTINUED….
5. RAISING FUNDS
| Unrestricted Restricted Funds Funds £ £ FWO Envelopes 419 0 6.CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds £ £ PCI Assessments 7,342 0 EB Presbytery Fees 587 0 Ministry & Staff Costs 78,487 0 Congregation Running Costs33,466 15,884 Organisations Running Costs0 12,015 Donations to Missions/Charity1,672 6,923 |
Total Total 2022 2021 £ £ 419 537 Total Total 2022 2021 £ £ 7,342 6,624 587 613 78,487 70,099 49,350 27,640 12,015 6,261 8,595 9,941 156,376 121,178 |
|---|---|
7. FIXED ASSETS
The congregation owns the Church premises situated at 244 Ravenhill Road, Belfast and the associated fixtures, fittings, plant and machinery. They also own the Church Manse situated at 15 Orby Grange, Belfast. They have a total insurance value of £ 7,130,000 (Current market value is not known)
The congregation own a 15 seater Ford Transit Minibus, with an estimated value of £2,500.
8. INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation
PCI General Investment Fund 1888 Shares @ £12.2209 = £ 23,073.06
NOTES CONTINUED….
9. FUND TRANSFER
In 2020 Ravenhill made an upfront payment from Unrestricted Funds to Young Life International to secure the placement of a worker in the congregation for a period of 5 years. During 2022 a grant of £10,000 was received from the Presbyterian Church in Ireland’s Council for Mission in Ireland towards that upfront payment to Young Life International. As the grant is for a restricted purpose it has been included under Restricted Funds however as the expenditure to which it relates was incurred in 2020 the £10,000 is then transferred from Restricted Funds to Unrestricted Funds.
10. FUND BALANCES
| 10.FUND BALANCES | ||||
|---|---|---|---|---|
| Balance | Receipts | Payments | Surplus Balance | |
| at start | (Deficit) at end | |||
| £ | £ | £ | £ £ |
|
| General Church Funds | ||||
| Unrestricted | 132,625 | 104,625 | 121,973 | (17,348) 115,277 |
| Other Restricted | 4,400 | 18,610 | 16,855 | 1755 6,155 |
| Repairs & Maintenance | 7,202 | 5,133 | 5,396 | (263) 6,939 |
| Outreach Fund | 978 | 1 | 56 | (55) 923 |
| Church Organisations | 12,809 | 14,619 | 12,515 | 2,10414,913 |
Total 144,207