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FIRST LURGAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
TRUSTEES ANNUAL REPORT (convd)
FINANCIAL REVIEW
The congregation's main source of Income Is members, contribution of £68,149 through the Weekly
Freewill Offerin8 and Gift Aid.
The total contribution for Restricted and Unrestricted funds in 2022 was £86,988,
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All funds remained in balance at the 31 December 2022. The main payments were the Central Church
Assessrnents £22,944 and Ministry and Support Staff £48,029. At the year end, total fund balances were
£103,473, consisting of £73,302 Unrestricted Funds and £30,171 Restricted Funds.
Reserves Pollcy
First Lur8an Trustees continually review the level of unrestricted reserves that it is appropriate to hold
taking account of current and ongolng commitments. At the year*nd unrestricted reserves held in bank
was £73,302 which represents a lower level of reserves. The Trustees consider it prudent to hold
reserves at this level as the funding of its present and future activities is dependent of the ongoin8
flnanclal support of members.
STATEMENT OF TRUSTEE RESPONSIBILITIES
The Trustees are responsible for preparing the annual report and the financial statements of the
congregation in accordance with applicable law and 8enerally accepted accounting practice.
As the congregatlons total income does not exceed £250,000, the Trustees have elected under Section
64(3) of the Charities Act (Northern Ireland) 2008 to prepare a receipts and payment account and a
statement of assets and liabilities.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the congregation's transaction5 and disclose with reasonable accuracy at any time its financial
position. They are also responsible for safeguardin8 the assets of the congregation and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Kirk Session and signed on its behalf by
[Name] I
[Date]
[Date]
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