Craigavon Presbyterian Church Statement of Financial Activities For the year ended 31 December 2022
| Notes Income and endowments from: Donations and legacies 2 Charitable activities 3 Other trading activites 4 Investments 5 Total Expenditure on: Charitable activities 6/7 Total Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 90,149 - 7,170 168 |
Restricted funds £ 1,575 11,905 - - |
2022 £ 91,724 11,905 7,170 168 |
2021 £ 91,026 11,356 4,193 105 |
|---|---|---|---|---|
| 97,487 | 13,480 | 110,967 | 106,680 | |
| (65,216) | (39,139) | (104,355) | (74,622) | |
| (65,216) | (39,139) | (104,355) | (74,622) | |
| (24,027) | 24,027 | - | - | |
| 8,244 | (1,632) | 6,612 | 32,058 | |
| 54,650 | 8,935 | 63,585 | 31,527 | |
| 62,894 | 7,303 | 70,197 | 63,585 |
3 of 14
Craigavon Presbyterian Church Statement of Financial Position As at 31 December 2022
| Notes Current assets Cash at bank and in hand Net current assets Total assets less current liabilities Net assets The funds of the charity Restricted income funds 12 Unrestricted income funds 12 Total funds |
£ 2022 70,197 |
£ 2021 63,585 |
|---|---|---|
| 70,197 | 63,585 | |
| 70,197 | 63,585 | |
| 70,197 | 63,585 | |
| 70,197 | 63,585 | |
| 7,303 62,894 |
8,935 54,650 |
|
| 70,197 | 63,585 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Rev L Webster Trustee 15 July 2023
4 of 14
Craigavon Presbyterian Church Notes to the Financial Statements For the year ended 31 December 2022
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
Craigavon Presbyterian Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
2. Income from donations and legacies
| ncome from donations and legacies | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | 2022 | 2021 | |
| funds | funds | |||
| £ | £ | £ | £ | |
| Donations received | 90,149 | 1,575 | 91,724 | 91,026 |
| 90,149 | 1,575 | 91,724 | 91,026 | |
| ncome from charitable activities | ||||
| 2022 | 2021 | |||
| £ | £ | |||
| Restricted funds | ||||
| Restricted Missions and | ||||
| Charities Fund | ||||
| Total Mission and Charity | 9,741 | 5,959 | ||
| Other Restricted Congregational | ||||
| Funds | ||||
| Total Other Restricted | 1,005 | 300 | ||
| Restricted Organisational Funds | ||||
| Total Organisational | 1,159 | 5,097 | ||
| 11,905 | 11,356 |
3. Income from charitable activities
5 of 14
Craigavon Presbyterian Church Notes to the Financial Statements Continued For the year ended 31 December 2022
4. Income earned from other activities
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Unrestricted funds | ||
| Non-Assessable Income | 7,170 | 4,193 |
| 7,170 | 4,193 |
5. Investment income
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Unrestricted funds | ||
| Bank interest receivable | 168 | 105 |
| 168 | 105 |
6. Costs of charitable activities by fund type
| Donations and Legacies Support costs Costs of charitable activities by activity type Support costs Donations and Legacies Restricted Missions and Charities Fund Other Restricted Congregational Funds Restricted Organisational Funds Building Fund |
Unrestricted funds £ 35,873 29,343 |
Restricted funds £ - 39,139 |
2022 £ 35,873 68,482 |
2021 £ 34,948 39,674 |
|---|---|---|---|---|
| 65,216 | 39,139 | 104,355 | 74,622 | |
| Activities undertaken directly £ 35,873 - - - - |
Support costs £ 28,119 12,077 1,310 3,587 23,389 |
2022 £ 63,992 12,077 1,310 3,587 23,389 |
2021 £ 58,514 6,973 936 5,016 3,183 |
|
| 35,873 | 68,482 | 104,355 | 74,622 |
7. Costs of charitable activities by activity type
6 of 14
Craigavon Presbyterian Church Notes to the Financial Statements Continued For the year ended 31 December 2022
8. Analysis of support costs
| Resources Expended Governance costs |
Restricted Missions and Charities Fund £ 12,077 - |
Other Restricted Congregation al Funds £ 1,310 - 1,310 |
Restricted Organisation al Funds £ 3,587 - |
Building Fund £ 23,389 - |
|---|---|---|---|---|
| 12,077 | 3,587 | 23,389 |
8. Analysis of support costs
| Resources Expended Governance costs |
2022 £ 40,363 28,119 |
2021 £ 16,108 23,566 |
|---|---|---|
| 68,482 | 39,674 |
9. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Trustees' remuneration | 21,565 | 21,090 |
| Trustees' pension contributions | 5,176 | 5,062 |
| Staff costs and emoluments | ||
| Total staff costs for the year ended 31 December 2022 were: | ||
| 2022 | 2021 | |
| £ | £ | |
| Salaries and wages | 21,565 | 21,090 |
| Social security costs | 2,750 | 2,554 |
| Pension costs | 5,176 | 5,062 |
| 29,490 | 28,706 |
10. Staff costs and emoluments
7 of 14
Craigavon Presbyterian Church Notes to the Financial Statements Continued For the year ended 31 December 2022
Total number of employees
| 2022 | 2021 |
|---|---|
| 1 | 1 |
| 1 | 1 |
11. Comparative for the Statement of Financial Activities
| Income and endowments from: Donations and legacies Charitable activities Other trading activites Investments Total Expenditure on: Charitable activities Total Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 89,063 - 4,193 105 |
Restricted funds £ 1,963 11,356 - - |
2021 £ 91,026 11,356 4,193 105 |
|---|---|---|---|
| 93,361 | 13,319 | 106,680 | |
| (59,151) | (15,471) | (74,622) | |
| (59,151) | (15,471) | (74,622) | |
| (74) | 74 | - | |
| 34,136 | (2,078) | 32,058 | |
| 20,514 | 11,013 | 31,527 | |
| 54,650 | 8,935 | 63,585 |
12. Movement in funds
Unrestricted Funds
| General General |
Balance at 01/01/2022 Incoming resources Outgoing resources Transfers Balance at 31/12/2022 £ £ £ £ £ 54,650 97,487 (65,216) (24,027) 62,894 54,650 97,487 (65,216) (24,027) 62,894 |
|---|---|
8 of 14
Craigavon Presbyterian Church Notes to the Financial Statements Continued For the year ended 31 December 2022
Unrestricted Funds - Previous year
| General General |
Balance at 01/01/2021 Incoming resources Outgoing resources Transfers Balance at 31/12/2021 £ £ £ £ £ 20,514 93,361 (59,151) (74) 54,650 20,514 93,361 (59,151) (74) 54,650 |
|---|---|
Purpose of unrestricted Funds
General
Charitable activities
Restricted Funds
| Building Fund Compassion Child Sponsorship Friday Club Moderator's Appeal Outreach PCI Orphan Society Poppy Appeal Salvation Army Tear Fund Tots at the Bridge United Appeal Youth For Christ |
Balance at 01/01/2022 Incoming resources Outgoing resources Transfers Balance at 31/12/2022 £ £ £ £ £ 3,270 3,263 1,575 (23,389) 21,821 - (30) 75 (371) 326 26 16 - (30) 40 - - 4,445 (4,395) (50) 3,327 3,632 1,005 (1,310) - - - 692 (692) - - - 196 (196) - - - 283 (400) 117 - - 1,086 (1,086) - 680 2,054 1,159 (2,333) (200) - - 2,520 (4,443) 1,923 - - 444 (494) 50 8,935 13,480 (39,139) 24,027 7,303 |
|---|---|
9 of 14
Craigavon Presbyterian Church Notes to the Financial Statements Continued For the year ended 31 December 2022
Restricted Funds - Previous year
| Building Fund Compassion Child Sponsorship Connect Dowd's Family Friday Club Moderator's Appeal Outreach PCI Orphan Society Poppy Appeal Tear Fund Tots at the Bridge United Appeal Youth For Christ |
Balance at 01/01/2021 Incoming resources Outgoing resources Transfers Balance at 31/12/2021 £ £ £ £ £ 3,263 3,263 1,963 (3,183) 1,220 (30) (30) 200 (336) 136 - 2,053 703 (708) (2,048) - - 117 (117) - 16 457 20 (349) (112) - - 137 (137) - 3,632 4,268 300 (936) - - - 870 (870) - - - 293 (293) - - - 417 (417) - 2,054 1,002 4,374 (3,322) - - - 3,470 (4,348) 878 - - 455 (455) - 11,013 13,319 (15,471) 74 8,935 |
|---|---|
10 of 14
Craigavon Presbyterian Church Notes to the Financial Statements Continued For the year ended 31 December 2022
Purpose of restricted funds
Building Fund
Charitable activities
United Appeal
Charitable activities
Tear Fund
Charitable activities
PCI Orphan Society
Charitable activities
Poppy Appeal
Charitable activities
Moderator's Appeal
Charitable activities
Compassion Child Sponsorship
Charitable activities
Outreach
Charitable activities
Minibus
Charitable activities Superstars
Charitable activities Friday Club
Charitable activities Connect
Charitable activities Tots at the Bridge
Charitable activities Salvation Army
Charitable activities
Dowd's Family
Charitable activities
Glo Craigavon
Charitable activities
11 of 14
Craigavon Presbyterian Church Notes to the Financial Statements Continued For the year ended 31 December 2022
Youth For Christ
Charitable activities
13. Analysis of net assets between funds
| Unrestricted funds General General Restricted funds Building Fund Friday Club Outreach Tots at the Bridge Previous year Unrestricted funds General General Restricted funds Building Fund Compassion Child Sponsorship Friday Club Outreach Tots at the Bridge |
Net current assets / (liabilities) Net Assets £ £ 62,894 62,894 3,270 3,270 26 26 3,327 3,327 680 680 |
|---|---|
| 70,197 70,197 |
|
| Net current assets / (liabilities) Net Assets £ £ 54,650 54,650 3,263 3,263 (30) (30) 16 16 3,632 3,632 2,054 2,054 |
|
| 63,585 63,585 |
12 of 14
Craigavon Presbyterian Church Detailed Statement of Financial Activities For the year ended 31 December 2022
| INCOME AND ENDOWMENT Donations and legacies Freewill Offering Other Offerings Building Fund Charitable activities United Appeal (Restricted Missions and Charities Fund) Tear Fund (Restricted Missions and Charities Fund) PCI Orphan Society (Restricted Missions and Charities Fund) Poppy Appeal (Restricted Missions and Charities Fund) Moderator's Appeal (Restricted Missions and Charities Fund) Compassion Child Sponsorship (Restricted Missions and Charities Fund) Salvation Army (Restricted Missions and Charities Fund) Dowd's Family (Restricted Missions and Charities Fund) Youth For Christ (Restricted Missions and Charities Fund) Outreach (Other Restricted Congregational Funds) Friday Club (Restricted Organisational Funds) Connect (Restricted Organisational Funds) Tots At The Bridge (Restricted Organisational Funds) Other trading activities Income from Non-Assessable Income Investments Bank interest receivable Total incoming resources EXPENDITURE Charitable activities Minister's Salary (Donations and Legacies) Minister's Social Security Costs (Donations and Legacies) |
£ 2022 86,152 3,997 1,575 91,724 2,520 1,086 692 196 4,445 75 283 - 444 1,005 - - 1,159 11,905 7,170 7,170 168 168 |
£ 2021 85,302 3,761 1,963 91,026 3,470 417 870 293 137 200 - 117 455 300 20 703 4,374 11,356 4,193 4,193 105 105 |
|---|---|---|
| 110,967 (21,565) (2,750) |
106,680 (21,090) (2,554) |
13 of 14 This page does not form part of the statutory financial statements
Craigavon Presbyterian Church Detailed Statement of Financial Activities Continued For the year ended 31 December 2022
| Minister's Pension Contributions (Donations and Legacies) Minister's Expenses (Donations and Legacies) SUPPORT COSTS Resources Expended United Appeal (Restricted Missions and Charities Fund) Tear Fund (Restricted Missions and Charities Fund) PCI Orphan Society (Restricted Missions and Charities Fund) Poppy Appeal (Restricted Missions and Charities Fund) Moderator's Appeal (Restricted Missions and Charities Fund) Compassion Child Sponsorship (Restricted Missions and Charities Fund) Salvation Army (Restricted Missions and Charities Fund) Dowd's Family (Restricted Missions and Charities Fund) Youth For Christ (Restricted Missions and Charities Fund) Outreach (Other Restricted Congregational Funds) Superstars (Restricted Organisational Funds) Friday Club (Restricted Organisational Funds) Connect (Restricted Organisational Funds) Tots at the Bridge (Restricted Organisational Funds) Building Fund (Building Fund) Governance costs Other Organisation Costs (Donations and Legacies) Church Costs (Donations and Legacies) Manse Costs (Donations and Legacies) Minibus Costs (Donations and Legacies) Event Costs (Donations and Legacies) Other Costs (Donations and Legacies) Total resources expended Net Income |
(5,176) (6,382) (35,873) (4,443) (1,086~~)~~ (692) (196) (4,395) (371) (400) - (494) (1,310) (1,119) (135) - (2,333) (23,389) (40,363) (5,964) (11,767) (725~~)~~ (1,146) (2,010) (6,507) (28,119) |
|---|---|
| (104,355) | |
| 6,612 |
14 of 14 This page does not form part of the statutory financial statements