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