an nd 2 KEADY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2022 Unrestricted Restricted Endowment Funds Funds Funds Total 2022 Total 2021 Note Recelpts Donations and legacies Charitable activities Other trading activities Investment income Other 23,854.48 11,119.36 2,600.00 34,973.84 2,600.00 51.61 211.70 1,608.37 39,445.52 43,606.61 1,765.91 50.18 208.81 1,304.08 46,935.59 51.61 205.49 6.21 481.37 1,127.00 24,592.95 14,852.57 Sale of investments Sale of fixed assets Loans received Total Recelpts 24,592.95 14,852.57 39,445.52 46,935.59 Payments Raising Funds Charitable activities Investment costs Other 27,752.30 28,787.36 56,539.66 38,979.23 27,752.30 28,787.36 56,539.66 38,979.23 Purchase of investments Purchase of fixed assets Loan payments Total Payments 27,752.30 28,787.36 56,539.66 38,979.23 Net receipts l (payments) Transfers between funds (3,159.35) (13,934.79) (17,094.14) 7,956.36 Net movement in funds Funds brought forward Funds carried foward (3,159.35) (13,934.79) 68,514.90 27,323.07 65,355.55 13,388.28 (17,094.14) 95,837.97 78,743.83 7,697.37 88,140.60 95,837.97 12 11
an nd 2 KEADY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022 Unrestricted Restricted Endowment Funds Funds Funds Total 2022 Total 2021 Note Funds Reconciliation Bank and Cash at start of year Net movement in funds Bank and Cash at end of year 68,514.90 27,323.07 (3,159.35) (13,934.79) 65,355.55 13,388.28 95,837.97 (17,094.14) 78,743.83 88,140.60 7,697.37 95,837.97 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 78,743.83 10.62 78,754.45 95,827.35 10.62 95,837.97 Other Assets Fixed Assets Church Premises Fixtures, Fittings & Equipment Vehicles Investments 10 500,000.00 500,000.00 2,000.00 2,000.00 5,866.46 507,866.46 5,866.46 507,866.46 Llabilities Loans 586,620.91 603,704.43 Approved by Kirk Session at a meeting on 12 June 2023 and signed on its behalf by: Mr David Coulter (Clerk of Session) Mrs Hazel McCuSlagh Date Date 12- 6- 23 12
an 2" KEADY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTESTO THE ACCOUNTS 31 December 2022 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provisions in The Charities (Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. FUND ACCOUNTING 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. Restricted funds comprise la) income from endowments which is to be expended only on the restricted purposes intended by the donor and {bl revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis. Unrestricted funds are income funds which are to be spent on the congregation's general purposes. Designated funds are general funds set aside by the congregation for use inihe future. Note 2 Donations and Legacies Unrestricted Funds Restrlcted Funds Endowment Funds Total 2022 Total 2021 Recorded giving.. Loose collections Donations & gifts Gift Aid Legacies and bequest 412.11 20,676.50 2,765.87 88.00 9,814.73 1,216.63 500.11 30,491.23 3,982.50 287.40 29,304.29 14,014.92 23,854.48 11,119.36 34,973.84 43,606.61 13
an nd 2 KEADY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTESTO THE ACCOUNTS 31 December 2022 Note 3 Charitable Activities Unrestricted Funds Restrlcted Funds Endowment Funds Total 2022 Total 2021 Income from charitable activities Fees from weddings and funerals Fundraising fees Membership fees Grants 165.91 2,600.00 2,600.00 2,600.00 2,600.00 1,600.00 1,765.91 Note 4 Other Trading Activities Unrestricted Funds Restrlcted Funds Endowment Funds Totsl 2022 Total 2021 Letting of premises Trading income 51.61 51.61 50.18 51.61 51.61 50.18 Note 5 Investment Income Unrestrlcted Funds Restrlcted Funds Endowment Funds Total 2022 Total 2021 Deposit interest General Investment Fund Rents investment properties Other investment income 200.90 4.59 6.21 207.11 4.59 204.39 4.42 205.49 6.21 211.70 208.81 14
an 2nd KEADY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 Note 6 Other Income Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Shared Expenses 481.37 1,127.00 1,608.37 1,304.08 481.37 1,127.00 1,608.37 1,304.08 Note 7 Raising Funds Unrestrlcted Funds Restrlcted Funds Endowment Fund8 Total 2022 Total 2021 FWO envelopes Fundraising evenls Note 8 Charltable Actlvltles Unrestrlcted Funds Restrlcted Funds Endowment Funds Total 2022 Total 2021 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs 20,402.89 232.45 500.00 5,992.73 20,402.89 232.45 500.00 30,556.47 4,189.47 658.38 56,539.66 20,211.15 232.45 500.00 13,210.88 4,018.84 805.91 38,979.23 24,563.74 4,189.47 34.15 28,787.36 624.23 27,752.30 15
an 2nd KEADY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 Note 9 Other Expenditure Unrestricted Funds Restricted Funds Endowment Funds Total 2022 Total 2021 Investment properties expenses Note10 Fixed Assets The congregalion owns the Church premises situated al 23A Davis Street, Keady and 30 Crossmore Road, Keady and the associated fixtures and fittings. These have an estimated value of £502,000 Note11 Investments The congregation has the following inveslments. Amounts are shown at market valuation Total 2022 Total 2021 General Investment Fund Property Other Investments 5,866.46 5,866.46 5,866.46 5,866.46 16
an 2nd KEADY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 Note 12 Fund Balances Balance atstart Surplus l Deficlt Balance at end Recelpts Payment8 Transfer Unrestrlcted Funds Number 1 Account 68,$14.90 24,592.95 {27,752.30) {3,159.351 65,355.55 68,514.90 24,592,95 {27,752.301 13,159.351 65,355.55 Restrlcted Fund8 Number 1 Account PW Account Youth Fellowship Sunshine Corner Midweek Fellowship IAJC Closed) Ladies Breakfast Club IA]C Closed) Fil for Life {AIC Closed) 21,026.77 255.44 6,091.55 197.68 10.62 1145.091 113.901_ 27,323.07 11,922.73 323.63 2,806.01 0.20 125,258.201 1400.001 {3,058.541 {60.001 {10.621 113,335.471 176.371 {452.531 159.801 {289.24} 0.57 29,61 0,07 7,402.06 179.64 5,668.63 137.95 145.09 113.90 14,852.57 {28,787.361 113,924.171 13,388.28 Endowment Fund8 Number 1 Account Total 95,837.97 39,445.52 156,539.661 117,083.521 78,743.83 17