WHITEHEAD PRESBYTERIAN CHURCH a Congregation of The Presbyterian Church In Ireland STATEMENT OF FINANCIAL ACTIVITY {Receipts and Payments Account) for the year ended 310ecember 2022 Income and endowments from: Donations and legacies Charitable aclivilie5 Other trading activities Investments Other 66,059 34.597 2,777 3,931 3,722 2,927 100,656 2.777 3,931 4,109 2,927 92,194 2,399 2.511 2,434 131 257 Total 66,190 47,953 257 114,400 99,539 Expenditure on: Raising Funds Charitable activities Other 416 45,192 416 69.451 399 92,349 24,259 Total 24,259 45,608 69,867 92,748 Nel income I lexpendilurel Transfers between funds Nel movement of funds 41,931 5,806 36,125 2,348 6,062 8,408 257 257 44,534 6,791 44,534 6,791 Reconciliation of funds: Total funds brought fornard Tota1 funds carried forward 10 10 23,987 60.113 61,947 70,355 85,934 130,468 79.143 85,934
STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022 1. Fixed Assets The Congregation owns Church premises situated al 8 King's Road. Whitehead, Carrickfergus, BT38 9PU and the associated fixtures, fillings, plant and machinery and a Manse situated at 70 Riverforde, Whitehead. Carrickfergus. BT38 9TS These have an insurance value of £ 6,183,650 2. Investments The Congregalion has the following inveslmenls. Amounts are shownal market valuation. 2022 11,610 2021 12,650 General Investment Fund Property Other Investments 11,610 12,650 3. Amounts owed Al the end ol the year the following amounts were owed lo the congregation. 2022 2,741 2021 2,940 400.0 3,340 Gift Aid Other significant items 2,741 4. Cash and bank balances 2022 2021 Deposit Accounts Current Accounts Cash Floats 870 85.064 130,468 130,468 85.934 S. Amounts owed 2022 2021 Loans Others significant ilems Approved by the Kirk Session al a meeting on 31 October 2023 and signed on its behalf by Rev. N Duddy Dale.. Warren Heggan Dale.. ,1,,12S
NOTES TO THE ACCOUNTS 31 December 2022 1. ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less Ihan £250,000. the Congregalion have elected, in accordance with the provision in The Charities Accounts and Reports Regulations (Northern Ireland) 2015. to prepare ils accounts on a receipts and payments basis. FUND ACCOUNTING Endowment funds are funds, the capital of which musl be retained either permanently or at the Congfegalion's discretion., the income derived from the endowmenl is to be used either as reslricled or unreslricled income funds depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise lal income from endowments which is lo be expended only on the reslricled purposes intended by the donor and Ibl revenue donalion or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, inleresl on their pooled investment Is apportioned lo the individual funds on an average balance basis. Unreslricled funds are income funds which are lo be spent on the congregation's general purposes. Designated funds are general funds sel aside by the congregation for Ljse in the future. 2. DONATIONS AND LEGACIES Recorded giving Loose collections Donations and gifts Gift Aid Legacies and bequest 53,414 445 19,723 73,137 445 73,325 486 3,031 15,351 12,201 4,082 10,791 34,597 16,283 10,791 100,656 66,059 92,194 3. CHARITABLE ACTIVITIES Income Irom charitable activities Fees from weddings and funerals Grants 2,777 2,777 1,409 991 2.399 2,777 2,777 4. OTHER TRADING ACTIVITIES Fundraising events Lelling of premises Trading income 291 3,640 291 3,640 196 2,316 3,931 3.931 2,511 S. INVESTMENTS Deposit inlerest Genera1 Investment Fund Properly rents Other investment income 131 122 253 257 3.600 187 247 2,000 257 3.600 131 3.722 257 4.109 2,434
NOTES TO THE ACCOUNTS 31 December 2022 6. OTHER INCOME Proceeds on sale of fixed assets and investments Insurance claims Loans received Other income 1,106 1,106 1,822 2,927 1 ,822 2,927 7. RAISING FUNDS WFO envelopes Fundraising events 416 416 399 416 416 399 8. CHARITABLE ACTIVITIES General Assembly Assessments Presbytery Fees Ministry and support staff costs Congregational running expenses Donations to Missions and Charities Governance cos15 6,457 743 9,988 7.071 S,457 743 16,636 29,244 14.570 1,801 69,451 7,102 743 51.098 21,592 10,045 1.769 92,349 6,649 22,173 14.570 1,801 45,192 24,259 9. OTHER EXPENDITURE Investment properties expenses Other 10. FUND BALANCES 2022 2021 lil Unrestricted Funds General Fund Cash reserve 60,113 60,113 23,987 23,987 li1} Restricted Funds Property l Building fund Manse Fund United Appeal fund General Missions fund Benevolent Fund Reslricled Congregational funds Or9anisalions Funds 44,922 3,147 171 2,337 993 S,453 13,333 70,355 42.386 2,047 2,588 870 5,723 8,332 61,947 liiil Endowment Funds General Investment Fund 11.610 11,610 12,650 12,650
NOTES TO THE ACCOUNTS 31 December 2022 10. FUND BALANCES {ivl Reconciliation of movement of funds Balance at start Balance at end Income Expend. Gains I losses Transfer Unrestricted Funds General Fund Cash reserve 66,190 24,259 41,931 41.931 36.125 5,806 23,987 23,987 60,113 60,113 66,190 24,259 41,931 Restricted Funds Property l Building fund Manse Fund Benevolent Fund United Appeal fund General Missions fund Reslricled Congregational funds Organisalions Funds 42,386 2.047 870 20.691 5,422 18,656 4,322 2.035 1,099 500 44,922 3,147 993 171 2,337 5,453 13.333 70,355 122 6,087 7,575 310 7,868 47.953 5.916 8,654 5,594 2,466 45,608 171 1,079 5,283 5.401 2,346 2,588 5,723 8,332 61.947 828 5,013 400 6,082 Endowment Funds General Investment Fund 257 257 257 257 Tolal 8S,934 114,400 69,867 44.277 130,468