WHITEHEAD PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland STATEMENT OF FINANCIAL ACTivrrY (Receipts and Payrnents Account) for the year ended 31 December 2021 Income and endowmènts from= Donatr'ons and legacies Chariiable activities Other trading activities Investrnents Other 67,585 24.609 2.399 2.511 2.110 92.194 2.399 2.511 2.434 96,603 4.123 2,914 411 77 247 Total 67.662 31.631 247 99.539 104,052 Expenditure on: Rais&ng Funds Charitable ath"vities Other 399 34,233 399 92.349 388 117,098 58.116 Total 58.116 34.632 92,748 117,486 Net income I lexpenditurel Transfers between funds Net movement of funds 9.545 5.620 3.925 3.001 5.867 2.866 247 247 6,791 13.434 6.791 13.434 Reconciliation of fund5-. Total funds brought forward Total funds carried forward 10 10 20.062 23.987 59.081 61.947 79.143 85,934 92,577 79.143
STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2021 1. Fixed Assets The Congregation owns Church premises situated at 8 King'5 Road. Whrtehead. Carrickfergus. BT38 gPU and the associated fixtures, fittings. plant and machinery and a Manse situated at 70 Riverforde. Whitehead. Catrickfergus. BT38 9TS These have an Insurance value of £ S.752.233 2. Investments The Congregation has the following investrnents. Arnounts are shown at market valuab"on. 2021 12.650 2020 11,207 Gener81 Investment Fund Property Other Investrnenls ' 6,480 17.687 12.650 the Olherlnv&51menls were held in the Presbyterian Mutual Sw"ety. As we have been advised that there will be no further payments released from the Society. Congregational Committee agreed. al ts meeting on 25 May 2021, that the amount of £6.479.71 be written from the accounts. 3. Amounts owed Al the end of the year the following amounts were owed to the congregalion. 2021 2.940 400 3.340 2020 3.740 Gift Aid Other significant items 3.740 4. Cash and bank balancas 2021 870 85.064 2020 885 78,258 Deposit Accounts Current Accounts Cash Floais 85.934 79,143 5. Amounts owed 2021 2020 Loalls Others signrficant items Approved by the Kitk Session at a meeting on and signed on its behaK by 12 DZ INamel Ioatel J.Il,- JJJ, tNamel Ioatel ofj /3] cq/.
NOTES TO THE ACCOUNTS 31 Decembèr 2021 1. ACCOUNTING POLICIES BASIS OF FINAhlCIAL STATEMENTS As the total income of the congre9ation 15 less than £250,000. the Congregab'on have elected. in accordance with the provision In The Charities Accounts and Reports Regulations (Northern Irelandl 2015, lo prepare its accounts on a receipls and payments basis. FUNO ACCOUNTING Endowment funds are funds. the capital of which must be retained either pemanenuy or at the Congregation's discrebon.. the incorne derived from the endovrnent is to be used either as restricted or unrestricted income luTrds depending upon Ihe purpose for whth ihe endowment was established in the first pla. Restricted funds comprise lal income from endowmerTrts which is tcs be expended only on the reslriGted purposes Intended by the donor and {bl revenue donalion or grants for a speafic congregational activity intended by the donor. Wheie these ftJnd5 have unspent balances, inteiest on their pooled investment is apportioned to the in¢Jividual fijnds on an aveiage balance basis. Unreslricled funds are income fiJnds which are to be spent on the congregatior*'s general purposes. Designated funds are general fvnds set aside by the con9regab.on lor use in the future. 2. DONATIONS AND LEGACIES Recorded giving Loosè collections Donations 3nd gifts Gift Aid Legaaes and bequest 55.958 17,367 73,325 486 3,031 15,351 75,840 306 285 15,172 5.000 96.603 3,031 4,211 11.140 67.585 24.609 92.194 3. CHARITABLE ACTIVITIES Income from charitable activities Fees from weddings and funèra15 Grants 1.409 1,409 2.270 991 2.399 991 2,399 1.854 4,123 4. OTHER TRADING ACTIVITIES Fundraising events Letting of premises TraLting income 196 2.316 196 2.316 709 2.205 2.511 2.511 2,914 5. INVESTMENTS Deposit interest General Investment Fun(J Property wents other investment income 77 187 247 2.000 193 219 247 2.000 77 2.110 247 2.434 411
NOTES TO THE ACCOUNTS 31 Oecember 2021 6. OTHER INCOME ProceeLls on sale of fixed assets and investmènts Insurance claiffls Loans recesved Other income 7. RAISING FUNDS WFO Ènvelopes Fundoising events 399 399 388 399 399 388 8. CHARITABLE ACTIVITIES General Assembly Assessments Pregbytery Fees Min151ry and support siaff costs Congregational running expenses Donations to Missions 3n(J charib.es Govemance cosls 7.102 743 43.668 6.603 7.102 743 51.098 21.592 10.045 1.769 92.349 9.055 729 60.745 30.702 14.106 1.760 117,098 7.430 14.989 10.045 1.769 34.233 58.116 9. OTHER EXPENOITURE Investment properties expenses Othei 10. FUND BALANCES 2021 2020 lil Unrestricted Funds General Fund Cash reserve 23.987 23.987 20.062 20.062 lill Re$trict8d Funds Property l Building fund Manse Fund United Appeal fund General Missions fund Benevolent Fund Restricted Congregational funds Organisab"on5 Funds 42.386 2.[)47 44,098 154 2.588 870 5.723 8.332 61,947 1.158 885 5.606 7.179 59,081 liiil Endowment Fund5 General Investment Fund 12,650 12,650 11,207 11,207
NOTES TO THE ACCOLINTS 31 December 2021 10. FUND BALANCES Reconciliation of movement of funds 8alance at start Incoffle Expend. Gains I losses Transfer Balance at end Unrestricted Funds General Fund Cash reserve 67.662 58.116 9.545 9.545 3.925 5.620 20,062 20.062 23.987 23,987 67.662 58.116 9.545 Restricted Funds Property l Building fund Manse Fund Benevolent Fund United Appeal fund G&neral Missions fund Restrided Congregab'onal funds Organisations Funds 44.098 154 885 14.766 2.000 16.478 106 40 6.354 3.551 7.745 356 34.632 1.712 1,894 40 410 925 4,714 1.056 3,001 42.386 2,047 870 25 410 505 4.831 96 5,867 1.158 5.6 7.179 59.081 2.588 5.723 8.331.73 61.947 3.031 1.413 31,631 Endowment Funds General Investment Fund 247 247 247 247 Total 79,143 99.539 92.748 6.544 85.934