## **STATEMENT OF FINANCIAL ACTIVITY**
## **CAIRNCASTLE PRESBYTERIAN CHURCH**
|**CAIRNCASTLE PRESBYTERIAN CHURCH**||
|---|---|
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|**For the year ended 31 December 2022**||
|**Notes**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total Funds**
**2022**
**Total funds**
**2021**|
|**Income and Endowments from:**|£
£
£
£
£|
|Voluntary Donatons
2|62,582
13,869
76,451
73,313|
|Charitable activities
3|290
290
1,913|
|Other trading activities
4|84
84
23|
|Investments
5|1,017
1,017
852|
|Other
6
Total|4,935
4,935
6,669|
||**68,908**
**13,869**
**0**
**82,778**
**82,770**|
|**Expenditure on:**||
|Raising funds
7|500
**-**
500
567
75,752
17,467
-1,215
93,219
86,962
245
-
0
0|
|Charitable activities
8||
|Other
9||
|Total|**76,496**
**17,467**
**-**
**93,719**
**87,529**|
|**Net Income/ (expenditure)**|-7,588|
|Transfers between funds|-4,050
4,620
-570
0
0|
|||
|**Net movement in funds**|-11,638
1,022
-1,785
-12,401
-4,759|
|||
|**Reconciliation of funds:**||
|Total funds brought forward|109,889
29,474
54,741
194,104
182,654|
|**Total funds carried forward**|**98,251**
**30,496**
**52,956**
**181,703**
**194,104**|
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|**BALANCE SHEET**||
|**Notes**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total Funds**
**2022**
**Total funds**
**2021**|
||£
£
£
£
£|
|Additional Information
**Fixed assets:**||
|||
|Investments
13|-
52,956
52,956
54,741|
|**Funds Reconciliation**||
|Cash at bank and in hand
14|98,251
30,496
128,747
139,363|
|**Total funds**
15|**98,251**
**30,496**
**52,956**
**181,703**
**194,104**|
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|Approved by the Kirk Session at a meeting on
20/9/23||
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|and signed on its behalf by||
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1
## **CAIRNCASTLE PRESBYTERIAN CHURCH**
**A Congregation of The Presbyterian Church in Ireland**
## **NOTES TO THE ACCOUNTS**
## **1. ACCOUNTING POLICIES STATEMENTS**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland (FRS102) (effective 1 January 2015).
The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the congregation is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members.
## **FUND ACCOUNTING**
Charity law requires that monies given to a charity must be accounted for in funds so that donors may be confident that the money they have given for good causes is not misused or wasted but properly used. Accordingly funds are held in three types of fund, unrestricted or general, restricted and endowment.
**Unrestricted or general funds** are income funds which are to be spent on the congregation's general purposes without any restriction being placed on them by the donor. Some general funds may be set aside by the congregation as Designated funds for use in the future and may be returned to general use.
**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 a restricted fund is no longer required but has unspent balances, these may be apportioned to other purposes, provided this is understood by the donors in advance.
**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.
## **INCOMING RESOURCES**
## **(i) Recognition of incoming resources**
These are included in the Statement of Financial Activities (SoFA) when:
- The congregation becomes entitled to the resources;
- The trustees are virtually certain they will receive the resources and
-
## **(ii) Incoming resources with related expenditure**
Where incoming resources have related expenditure (as with fundraising income) the incoming resources and related expenditure are reported gross in the SoFA.
## **(iii) Grants and donations**
Grants and donations are only included in the SoFA when the congregation has unconditional entitlement to the resources.
## **(iv) Tax reclaims on donations and gifts**
Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate.
## **(v) Contractual income and performance related grants**
This is only included in the SoFA once the related goods or services have been delivered.
## **(vi) Gifts in kind**
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable.
## **(vii) Donated services and facilities**
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
## **(viii) Volunteer help**
The value of any voluntary help received is not included in the accounts but is described in the trustees[’] annual report.
## **(ix) Investment income**
This is included in the accounts when receivable.
## **(x) Investment gains andlosses**
This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
## **EXPENDITURE AND LIABILITIES**
## **(xi) Liability recognition**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregation to pay out resources.
## **(xii) Governance costs**
These are shown within charitable activities and include the costs of preparation and examination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
## **(xiii) Grants with performance conditions**
Where the charity give a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.
## **(xiv) Grants payable without performance conditions**
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.
## **ASSETS**
## **(xvi) Tangible Fixed Assets**
The Church Building and halls are deemed to be heritage assets as defined by the Charities SORP (FRS102). They are not included on the balance sheet as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefits to the users of the accounts and to the congregation.
The Manse is recognised at cost/deemed cost, being the estimated fair value of the property at 31/12/2016. No depreciation has been provided on the Manse as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years.
## **(xvii) Investments**
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets including agricultural land are included at trustees' best estimate of market value.
## **CAIRNCASTLE PRESBYTERIAN CHURCH**
## **A Congregation of The Presbyterian Church in Ireland**
## **NOTES TO THE ACCOUNTS**
## **31 December 2022**
|**NOTES TO THE ACCOUNTS**
**31 December 2022**|||
|---|---|---|
||||
|||**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total Funds**
**2022**
**Total funds**
**2021**|
|||£
£
£
**£**
**£**|
|**2. VOLUNTARY DONATIONS**
Recorded giving
Loose collections
Donations and gifts||0
51,652
51,652
62,607
533
13,869
-
14,402
250
250
10,147
10,147
10,706|
||||
||||
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|Gift Aid|||
|||62,582
13,869
0
76,451
73,313|
||||
|**3. CHARITABLE ACTIVITIES**|||
||||
|Income from charitable activities||1,913|
|Christian Literature||290|
|||290
1,913|
||||
|**4. OTHER TRADING ACTIVITIES**|||
||||
|Letting of premises||84
-
-|
|Trading income||-
14|
|||84
**-**
**-**
84
14|
||||
|**5. INVESTMENT INCOME**|||
||||
|Deposit interest||698
308|
|Dividends||319
544|
|||1,017
852|
||||
|**6. OTHER INCOME**|||
||||
|Special collections||4,585
4,585|
|Legacies and bequest||6,000|
|Donations from organisations||350
350
175|
|||4935
4935
6175|
||||
|**7. RAISING FUNDS**|||
||||
|FWO Envelopes||500
-
-
567|
|||500
-
-
567|
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|**8. CHARITABLE ACTIVITIES**|||
||||
|General Assembly assessments||13,566
-
-
13,566
56,866|
|Presbytery fees
Ministry and support staff costs
Running expenses
Donations to missions and charities
Governance costs||727
-
-
727
715
49,957
-
-
49,957
2,158
11,211
-
11,211
16,427
10,639
-
10,639
10,221
576
-
-
576
576
-
-
-
0|
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|Other donations|||
|||76,037
10,639
-
86,676
86,963|
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|**9. OTHER EXPENDITURE**|||
||||
|Other Expenditure||-
-
-
-
-|
|||-
**-**
**-**
**-**
**-**|
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2
## **CAIRNCASTLE PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland**
## **NOTES TO THE ACCOUNTS**
**31 December 2022**
|**10. EMPLOYEES**|**10. EMPLOYEES**||
|---|---|---|
|||**Total Funds**
**2022**
**Total funds**
**2021**|
|||£
£|
|Wages and salaries inc NIC||36,947
1,873|
|Pension contributions||8,017
408|
|||44,964
2,281|
||||
|**Number of Employees**|||
|The average number of employees, including the minister, in the congregation, during the year was:|||
|||**2022**
**2021**|
|Average number of employees||1
**1**|
||||
|There were no employees in receipt of employee benefits in excess of £60,000.|||
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|**11. PENSION COSTS**|||
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|The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme
(2009). This is a scheme operated by the Presbyterian Church in Ireland, a separate registered charity.
Pension contributions determined by the Scheme and made by the congregation during the year were:|||
||**2022**
**2021**
£
£
7,841
408||
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|Contributions|||
||||
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|**12. TANGIBLE FIXED ASSETS**|||
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The congregation owns a manse at 5 Cairnhill Crescent, Ballygally, Larne, Co Antrim, BY40 2QT, with an insured value of £304,645
|**13. INVESTMENTS**||
|---|---|
||**2022**
**2021**
30,529
31,098
9,520
10,373
12,908
13,270|
|Designated
General Investment Fund
NICIFC
Total Investment||
||52,957
54,741|
|||
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|**14. CASH AT BANK AND IN HAND**||
||**2022**
**2021**|
||£
£|
|Cash in bank and in hand|128,962
139,578|
|Deposit accounts|52,956
54,741|
||181,918
194,319|
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3
**CAIRNCASTLE PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland**
## **NOTES TO THE ACCOUNTS**
**31 December 2022**
|**15. FUNDS BALANCES**||
|---|---|
||Income
Expenditure
Transfer
Balance At
start
Balance At
end|
||£
£
£
£
£|
|**Unrestricted Funds**
General Fund||
||68,908
76,496
-4,050
109,889
98,250|
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|**Restricted Funds**||
|**Property Funds**||
|Building & Repair Fund|1,044
3,970
4,129
22,588
23,791|
|**Missions and Charities**||
|Missions & Charities|10,148
10,639
491
0
0|
|**Organisational Funds**||
|BB
GB
PW
Senior Bowls
Youth Club
Friendship Club
Rainbow Club
Catering
Total organisations
**Total** **Restricted**|1
30
609
580
590
510
396
476
834
650
262
447
315
302
299
312
0
371
1,878
1,508
937
765
105
277
0
201
201
0
230
3,135
2,905
2,677
2,857
0
6,886
6,705
13,869
17,467
4,620
29,474
30,497|
|||
|**Designated**
Designated||
||-570
31,098
30,528|
|||
|**Endowments**
General Investment Fund
NICIFC
Total Investment||
||853
10,373
9,520
361
13,270
12,908
1,215
23,643
22,428|
|**TOTAL**|**82,777**
**95,178**
0
**194,104**
**181,704**|
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|**16. RELATED PARTY TRANSACTION**||
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|None of the trustees received any remuneration during the year in connection with their duties.||
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|During the year, the congregation contributed the following amounts to Funds of the General
Assembly of the Presbyterian Church in Ireland, a separate registered charity:||
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|Congregational assessments
£57,813
United Appeal
£6,241
World Development Appeal
£1,076
Moderator's Appeal
£2,110
Children's Society
£263||
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|There were no other related party transactions.||
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4