## **WOODBURN PRESBYTERIAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023** 

||**Note**|**Unrestricted**|**Restricted**|**Endowme**|**Total**|**Total**|
|---|---|---|---|---|---|---|
|||**Funds**|**Funds**|**nt**|**2023**|**2022**|
|||||**Funds**|||
|||£|£|£|£|£|
|**Receipts**|||||||
|Donations and legacies|2|60,135|13,336|-|73,471|70,593|
|Charitable activities|3|-|1,062|-|1,062|1,795|
|Other trading activities|4|5,502|-|-|5,502|4,001|
|Investment Income|5|201|-|-|201|345|
|Other|6|1,034|-|-|1,034|995|
|||----------|----------|----------|----------|----------|
|||----------|----------|----------|----------|----------|
|**Total Receipts**||66,872|14,398|-|81,270|77,729|
|||----------|----------|----------|----------|----------|
|**Payments**|||||||
|Raising funds|7|-|1,236|-|1,236|2,123|
|Charitable activities|8|67,565|10,210|-|77,775|67,489|
|Investment costs||-|-|-|-|-|
|||----------|----------|----------|----------|----------|
|Purchase of Investments||-|-|-|-|-|
|Purchase of Fixed Assets|9|329|-|-|329|17,242|
|||----------|----------|----------|----------|----------|
|**Total Payments**||67,894|11,445|-|79,340|86,854|
|||----------|----------|----------|----------|----------|
|Net receipts  / (payments)||(1,022)|2,953|-|1,930|(9,125)|
|Transfers between funds||2,451|(2,451)|-|-|300|
|||----------|----------|----------|----------|----------|
|Net movement in funds||1,429|502|-|1,930|(8,825)|
|Funds brought forward||63,214|880|-|64,094|72,919|
|||----------|---------|----------|----------|----------|
|Funds carried forward|10|64,643|1,381|-|66,025|64,094|
|||======|======|======|======|======|



12 



an
WOODBURN PRESBYfERIAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2023
Unrestrlcted
Funds
Restrlcted Endowment
Funds
Funds
Total
Funds
2023
Total
Funds
2022
Funds Reconclllatlon
Bank and Cash at start of year
Net movernent in funds
63,214
1,429
880
502
64,094
1,930
72,919
(8,825)
Bank and Cash at end of year
64,643
1,381
66,025
64,094
Bank & Cash Balances
Bank Deposit Accounts
Bank Current Accounts
Cash in Hand
66,025
64,094
66,025
64,094
Other Assets
Fixed Assets - Note 9
2,032,000 2,032,000
2,032,000 2,032,000
Approved by the Kirk Session at a meeting on 08106/2024 and signed on its behalf by
[Rev. Davld Kelly}
[09-06-2024]
[Mr. JIM Stewart]
1090&2024J
iJ*J
13


## **WOODBURN PRESBYTERIAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS** 

## **31 December 2023** 

## **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. 

## **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 funds depending upon the purpose for which the endowment was established in the first place. 

Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations 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. 

## **2. DONATIONS AND LEGACIES** 

||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2023**|**2022**|
||£|£|£|£|£|
|Recorded giving:||||||
|Loose collections|48,528|11,314|-|59,842|55,802|
|Donations and gifts|1,697|886|-|2,583|8,216|
|Gift Aid|9,909|1,136|-|11,045|6,575|
||----------|----------|----------|----------|----------|
||60,135|13,336|-|73,470|70,593|
||----------|----------|----------|----------|----------|



14 




## **WOODBURN PRESBYTERIAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS** 

## **31 December 2023** 

## **3. CHARITABLE ACTIVITIES** 

||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2023**|**2022**|
||£|£|£|£|£|
|Fundraising events|-|1,062|-|1,062|1,795|
||----------|----------|----------|----------|----------|
||-|1,062|-|1,062|1,795|
||----------|----------|----------|----------|----------|
|**4. OTHER TRADING ACTIVITIES**||||||
||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
||**Funds**|**Funds**|**Funds**|**2023**|**2022**|
||£|£|£|£|£|
|Letting of premises|4,067|-|-|4,067|4,001|
|Trading income|1,435|-|-|1,435|-|
||----------|----------|----------|----------|----------|
||5,502|-|-|5,502|4,001|
||----------|----------|----------|----------|----------|



## **5. INVESTMENT INCOME** 

||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2023**|**2022**|
||£|£|£|£|£|
|Deposit interest|201|-|-|201|345|
||----------|----------|----------|----------|----------|
||201|-|-|201|345|
||----------|----------|----------|----------|----------|



15 




## **WOODBURN PRESBYTERIAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)** 

## **31 December 2023** 

## **6. OTHER INCOME** 

||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2023**|**2022**|
||£|£|£|£|£|
|Other income|1,034|-|-|1,034|995|
||----------|----------|----------|----------|----------|
||1,034|-|-|1,034|995|
||----------|----------|----------|----------|----------|



## **7. RAISING FUNDS** 

||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2023**|**2022**|
||£|£|£|£|£|
|FWO envelopes|-|-|-|-|-|
|Fundraising events|-|1,236|-|1,236|-|
||----------|----------|----------|----------|----------|
||-|1,236|-|1,236|-|
||----------|----------|----------|----------|----------|
|**.**<br>**CHARITABLE ACTIVITIES**||||||
||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**|
||**Funds**|**Funds**|**Funds**|**2023**|**2022**|
||£|£|£|£|£|
|General Assembly Assessments|9,441|-|-|9,441|8,616|
|Presbytery fees|480|-|-|480|450|
|Ministry and support staff costs|28,282|-|-|28,282|25,400|
|Congregational running expenses|28,882|4,922|-|33,804|21,420|
|Donations to Missions and|-|5,288|-|5,288|11,153|
|charities||||||
|Governance costs|480|-|-|480|450|
||----------|----------|----------|----------|----------|
||67,565|10,210|-|77,775|67,489|
||----------|----------|----------|----------|----------|



## **8. CHARITABLE ACTIVITIES** 

16 




## **WOODBURN PRESBYTERIAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023** 

## **9. FIXED ASSETS** 

The congregation owns the Church premises situated at 192 Woodburn Road, Carrickfergus and the associated fixtures, fittings, plant and machinery. These have an insurance value of circa £2,032,000. 

## **10. FUND BALANCES** 

|**Fund**|**Balance**|**Receipts**|**Payment**|**Surplus /**|**Transfer**|**Balance**|
|---|---|---|---|---|---|---|
||**at start**|||**(Deficit)**||**at end**|
||£|£|£|£|£|£|
|**Unrestricted Funds**|||||||
|General Fund|63,214|66,872|(67,894)|1,429|2,451|64,643|
||----------|----------|----------|----------|----------|----------|
||63,214|66,872|(67,894)|1,429|2,451|64,643|
||----------|----------|----------|----------|----------|----------|
|**Restricted Funds**|||||||
|Property Fund|-|-|-|-|-|-|
|Renovation Fund|-|7,209|(4,341)|-|(2,868)|-|
|United Appeal|-|4,735|(4,652)|83|-|83|
|General Mission Appeals|-|566|(566)|-|-|-|
|Presbyterian Childrens Soc.|||||||
|Presbyterian Women|461|1,168|(1,288)|(120)|-|341|
|Choir|-|-|-|-|-|-|
|Mission Auxiliary|364|400|226|174|-|538|
|Junior Youth Club|55|320|(372)|365|417|420|
|Senior Youth Club|-|-|-|-|-|-|
||----------|----------|----------|----------|----------|----------|
||880|14,398|(11,445)|502|(2,451)|1,382|
||----------|----------|----------|----------|----------|----------|
|Total|64,094|81,270|(79,339)|1,931|-|66,025|
||----------|----------|---------|----------|----------|----------|



17