LOUGHMORNE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND srATEMENT OF FINANCIAL AcfiviTY (Recelpts and Payments Account) for the year ended 31 December 2022 Note Unrestricted Funds Restricted Endowment Funds Funds Total 2022 Totsl 2021 Receipts Donations and leg3cies Charitable activities Other trading activities Investment Income Other 31,057 9,165 1,190 40,222 1,190 135 79 8,325 39,082 865 102 71 38 135 78 8,014 311 Total Receipts 39.284 10,667 49,951 40,158 Payments Raising funds Charitable activities 33,074 8,113 41.187 35,704 33,074 8,113 41,187 35,704 Purchase of fixed assets Totsl Payments 33.074 8,113 41,187 35,704 Net receipts 1 (payments) Transfers between funds 6,210 (8921 2,554 892 8,764 4,454 Net movement in funds Funds brought forward 5,318 10,889 3,446 23,150 8.764 39,411 4,454 34,957 5,372 Funds carried forward 11 16,207 26,596 5,372 48,175 39,411
LOUGHMORNE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS ANO LIABILmE5 As at 31 December 2022 Unrestrlrted Restrlrted Endowment Funds Funds Funds Total Funds 2022 Total Funds 2021 Funds Reconciliation Bank and Cash at start of year Net movement in funds 10.889 5,318 23,150 3,446 5.372 39,411 8,764 34,957 4,454 Bank and Cash at end of year 16,207 26,596 5,372 48,175 39,411 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 5,372 42,803 5,372 34,039 48,175 39,411 Other Assets Fixed Assets- Note 9 660,000 660,000 660.000 660,000 Approved by the Kirk Session at a meeting on 22 October 2023 and signed on its behalf by Rev David Kelly MrT Heron 22 Ottober 2023 22 October 2023 31110122
LOUGHMORNE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMEKrs As the total income of the congregatr'on is less than £250,IJ)O the congregatSon have elerted in accordance with the provisions in The Charities IAccourrts and Reports Regulatlons (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basls. FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or at the con8regatr'on's discretion.. the income derived from the endowment is to be used either as restrirted 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 (bl 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. Unrestrirted funds are income funds which are to be spent on the congregatton's general purposes. Designated funds are general funds set aside by the congregation for use in the future. DONATIONS AND LEGACIES Unrestrfcted Restricted Endowment Funds Funds Funds Totsl 2022 Totsl 2021 Recorded giving: Loose collections Donations and gifts GiftAid 24,823 I,i(x) 4,825 29,648 1,1 4,223 5,252 28,361 1,708 4,028 4,985 3,677 664 4.589 31,057 9,165 40,222 39,082