WHrrEHEAD PRESBYfERIAN CHURCH a Congregation of The Presbyterian Church In Ireland STATEMENT OF HNANCIAL ACTIVITY IReeeipts and Payments Accaunt> for the year ended 31 December 2023 Income and endowments from: Donations and legacies Charitable activities Other trading activtties Investrnents Other 72.516 24.810 3.418 3,986 9.836 97.326 3.418 3.986 10292 100,656 3,931 4,109 2,927 247 Total 72,725 42.050 247 115.022 114,400 Expenditure on: Raising Funds Charitable activities Other 436 42.377 416 69,451 , 40,409 82.786 Total 40,409 42,813 83222 6g.867 Net income l (expenditure) TransFers between funds Net mov8ment of funds 32.317 763 6,292 5.528 247 247 31 BOO 45.00 31.755 44,534 26,227 44,534 Reconciliation of funds: Total funds brought forviard Total funds carried forward 10 10 60,113 86,339 70,355 75,884 130.468 162,223 85,934 fj30,468
STATEMEKf OF ASS5 AND LIABILMES As at 31 December 2023 1. Fixed Assets The Congreg*ion owns ChLJrdi premise5 siluaied at 8 King's Road. Whitehead, Carricktergus, BT38 9PU and ihe assDGiated fixtures, ffttings, pjant and machinery and a Manse sitijated at 70 Riverforde. Whiiehead, CarricSrfe¥gus. BT38 9TS, These have an insurance value of £ 6,647,425 I Investments The Congfegation has the tollowing investrnents. Amounts are shown at market valuation. 2023 12.661 2022 11.610 General Investment Fund Propety Other Investrnents 12,661 11.610 3. Amounts owed At the end of the year the lolk)wing amounts were owed trj the congregation. 2023 2,OQ) 2022 2.741 Gift Aid Other significant iterns 2,000 2,741 4. Cash and bank balances 2023 2022 Deposit Accounts Current Accounts Cash Floats 159,389 130.468 159,389 130,468 5. Amounts owed 2023 2022 Loans Others significant items Approvecl by the Kirk Session al a meeling on and signed on its behalf by l 19 N&vyf4bor [Name] IDaie] IName] [Dale]
NOTES TO THE ACCOUNTS 31 December 2023 1. ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is Eess than £250,000. the Congregation have elected. in accordance with the provision in The Charities Accounts and Reports Regulations (Northem Ireland} 2015, to prepare rts accounts on a receipts and payments basis. FUND ACCOUNTING Endowrnent fun(ts are funds. the capital of which must be retained either permanendy or at the Corgregation's discretion; the income derived from the endowment is tr) be used either as restcted or unrestrrtted income funds depending upon the putpose for which the endowment was established in the first place. Restricted funds comprise (al income from endowments which is to be expended only on the restricted purposes intended by the donor and (bl revenuo donation or grants for a specific congreaational activity intended by the donor. Where these funds have L¢nspent balances, interest on their pooled investment is apportioned to the individual funds on an average balants basis. UnEstricled funds are income funds which are to be spent on the congregation's general Pufposes. Designated fLtnds are general funds set aside by the Congregation for use in the future. 2. DONATIONS AND LEGACIES Recorded giving Loose collections Donations and gifts Gift Aid Legacies and bequest 57.074 19.783 76.857 1.779 705 17.985 73,137 705 13.683 16,283 10,791 100,656 72.516 24,810 97.326 3. CHARITABLE ACTIVITIES Income from charitable attivities Fees from weddings and funerals Grants 3.418 3.418 3.418 3.418 4. OTHER TRADING AcTVlEs Fundraising events Letting of premllses Trading income 411 3.575 411 3.575 291 3.640 3,986 3.986 3,931 5. INVESTMENTS Deposit interest General Investment Fund Property rents Other investment income 157 366 247 9.679 253 257 3,600 247 9.679 9,836 247 10.292 4,109
NOTES TO THE ACCOUNTS 31 December 2023 6. OTHER INCOME Proceeds on sale of fixed assets and investments Insuran claims Loans received Other income 1.106 1,822 2.927 7. RAISING FUNDS WFO envelopes Fundraising events 436 416 436 436 416 8. CHARITABLE ACTIVITIES General Assembly Assessments Presbytery Fees Ministry and support staff costs Congregational njnning expenses Donalions to Missions and Charities Goveman¢e costs 6,366 743 29,992 28,856 16,828 6.457 743 16,636 29,244 14.570 1.801 69,451 743 25,861 7.438 4.131 21.418 16,828 40,409 42,377 82,786 9. OTHER EXPENDITURE Investment properties expenses Other 10. FUND BALANCES 2023 2022 (Ii Unresirleted Funds General Fund Cash reserve 81,571 81.571 60.113 60.113 fjl) Restrlcted Fund8 Property l Building fund Manse Fund Uniled Appeal fund General Missions fund Benevolent Fund Restricted Congregational funds Organisalions Funds 48,243 10.308 375 2.405 1,097 5,528 9,860 77,818 44,922 3.147 171 2.337 993 5,453 13.333 70,355 (iii) Endowment IFunds General Investment Fund 12.661 12.661 11,610 11,610
NOTES TO THE ACCOUNTS 31 December 2023 10. FUND BALANCES {iv) Reconciliation of movement of funds Balance at start Income Expend. Gar,ns I losses Balance at end Transfer Unrestricted Funds General Fund Cash reseNe 72,725 44,174 28.551 28,551 21,459 7,092 60,113 60,113 81,571 81.571 72,725 44,174 28.$51 Restricted Funds Propetyl Building fund Manse Fund Benevolent Fund lJnited Appeal fund General Missions fund Restricted CongregationaI funds Organisations Funds 44.922 3,147 993 171 2.337 5,453 13,333 70,355 15.802 10.279 13 6,704 6.587 1,207 3,105 43,698 f 3.280 3.118 2.522 7.161 13 48.243 10,308 1.097 375 2,405 5,528 9,860 77,818 91 6,50CF 7.328 7.475 5,874 43,575 741 6.268 2.768 123 809 6.343 704 7,339.05 Endowment Funds Generai Investment Fund 247 247 247 247 Total 130,468 116,670 87,749 28.674 159,389