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