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2023-12-31-accounts

CAIRNCASTLE PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland

STATEMENT OF FINANCIAL ACTIVITY

For the year ended 31 December 2023

For the year ended 31 December 2023 For the year ended 31 December 2023
Notes
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total Funds
2023
Total funds
2022
Income and Endowments from: £
£
£
£
£
Voluntary Donatons
1		 71,063
11,323
82,386
76,451
Charitable activities
2		 95
95
290
Other trading activities
3		 1,935
1,935
84
Investments
4		 978
978
1,017
Other
5		 6,263
6,263
4,935
Total 80,333
11,323
91,656
82,778
Expenditure on:
Raising funds
6		 475
475
500
Charitable activities
7		 76,216
12,635
88,851
93,219
Other
8		 757
3,559
4,316
0
Total 77,448
16,194
93,642
93,719
Net Income/ (expenditure) 2,885
-4,871
Transfers between funds -6,710
6,710
0
0
Net movement in funds -3,825
1,839
-1,986
-10,941
Reconciliation of funds:
Total funds brought forward 98,251
30,117
128,368
139,309
Total cash funds carried forward 94,426
31,956
126,382
128,368

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Statement of assets and liabilities - Year Ended 31 December 2023

Unrestricted
Restricted Endowment
Total
Total		 Unrestricted
Restricted Endowment
Total
Total
Funds
Funds
Funds
2023
2022
Funds Reconciliation £
£
£
£
£
Cash at bank & in hand carried fwd 98,251
30,117		 128,368
139,309
Surplus/(deficit) -3,825
1,839		 -1,986
-10,941
Cash at bank & in hand brought fwd 94,426
31,956		 126,382
128,368
Bank & Cash Balances
Bank Deposit Accounts 55,092
52,956
Bank Current Account 126,382
128,368
Cash in Hand 0
0
181,474
181,324
Other Assets (Unrestricted Funds)
Liabilities (Unrestricted Funds)

Approved by the Kirk Session at a meeting on 20th March 2024 and signed on its behalf by

14

NOTES TO THE ACCOUNTS

31 December 2023

Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total Funds
2023
Total funds
2022
£
£
£
£
£
1. VOLUNTARY DONATIONS
Recorded giving 56,051
56,051
51,652
Loose collections 1,250
11,323
-
12,573
14,402
Donations and gifts 600
600
250
Gift Aid 13,161
13,161
10,706
71,062
11,323
0
82,385
77,010
2. CHARITABLE ACTIVITIES
Income from charitable activities 95
95
95
95
3. OTHER TRADING ACTIVITIES
Letting of premises 85
-
-
85
84
Trading income 1,850
-
1,850
1,935
-
-
1,935
84
4. INVESTMENT INCOME
Bank 365
365
Deposit interest 410
410
698
Dividends 203
203
319
978
978
1,017
5. OTHER INCOME
Special collections 4,830
4,830
4,585
Legacies and bequest
Donations from organisations 545
545
350
Other 888
888
6,263
11,323
6,263
4,935
6. RAISING FUNDS
FWO Envelopes 475
-
-
475
500
-
-
7. CHARITABLE ACTIVITIES
General Assembly assessments 14,157
-
14,157
13,566
Presbytery fees 756
-
756
727
Ministry and support staff costs 48,572
-
48,572
49,957
Running expenses 12,130
7,798
-
19,928
11,211
Donations to missions and charities 8,396
-
8,396
10,639
Governance costs 600
-
600
576
Other donations -
0
0
76,215
16,194
-
92,409
86,676
8. OTHER EXPENDITURE
Other Expenditure 757
-
-
757

15

NOTES TO THE ACCOUNTS
31 December 2023
9. EMPLOYEES
Total Funds
2023
Total funds
2022
£
£
Wages and salaries inc NIC 39,652
36,947
Pension contributions 8,417
8,017
48,069
44,964
Number of Employees
The average number of employees, including the minister, in the congregation, during the year was:
2023
2022
Average number of employees
1
1
There were no employees in receipt of employee benefits in excess of £60,000.
10. PENSION COSTS
The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme
(2009), a separate registered charity operated by the Presbyterian Church in Ireland. Code (2023) par 318.
Pension contributions determined by the Scheme and made by the congregation during the year were:
2023
2022
£
£
Contributions 8,418
8,017
11. TANGIBLE FIXED ASSETS
The congregation owns a manse at 5 Cairnhill Crescent, Ballygally, Larne, Co Antrim, BY40 2QT, with an
insured value of £304,645
12. INVESTMENTS
2023
2022
Holding 30,529
30,529
General Investment Fund 10,381
9,520
NICIFC 14,181
12,908
Total Investment 55,091
52,957
13. CASH AT BANK AND IN HAND
2023
2022
£
£
Cash in bank and in hand 126,382
128,368
Deposit accounts 55,091
52,956
181,473
181,324

16

NOTES TO THE ACCOUNTS 31 December 2023

14. FUNDS BALANCES

IncomeExpenditure
Transfer
Balance At
start
Balance At
end
£
£
£
£
£
Unrestricted Funds
General Fund 80,334
77,449
-6,710
98,251
94,426
Restricted Funds
Property Funds
Building & Repair Fund 3,559
5,329
23,791
25,561
Missions and Charities
Missions & Charities 7,016
8,396
1,381
0
0
Organisational Funds
BB 1
30
580
550
GB 675
602
476
549
PW 1,387
1,376
227
238
Senior Bowls 315
269
312
358
Youth Club 0
20
1,507
1,487
Friendship Club 1,076
832
277
521
Rainbow Club 854
882
42
15
Catering 0
228
2,905
2,677
Total organisations 4,307
4,239
6,326
6,395
Total Restricted 11,323
16,194
6,710
30,117
31,956
Endowments Gains/Losses
Holding Fund 30,528
30,528
General Investment Fund 862
9,519
10,381
NICIFC 1,273
12,908
14,181
Total Investment 2,135
52,956
55,091
TOTAL 91,658
93,643
2,135
181,324
181,473
15. RELATED PARTY TRANSACTION
None of the trustees received any remuneration during the year in connection with their duties.
During the year, the congregation contributed the following amounts to Funds of the General

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:

Assembly Buildings 61,185
United Appeal 6,848
World Development Appeal 957
There were no other related party transactions.

17