Loughgall Congregatlon of the Presbyterian Church in Ireland Statement of Rereipts and Payments . Year Ended 31st December 2022 Note Unrestrirted PE5tricted Endowment Funds Funds Funds Total 2022 Total 2021 Rpcelpts Donations & Legacles Charltable Activities Other tradlng activlties Investment income Other income 58.765 42,537 4,682 IOL302 S,447 96.827 11,512 415 I,ioo 175 2,298 59Q 3,398 396 925 Total Recelpts 61.045 49,692 110,737 109,660 Payments Raising Fund5 Charitable Actlvlties Investment C05t Other 520 45,884 122 27,818 73,702 74,959 1,041 1,041 Tolal Payments 46,404 28,981 75,385 81,647 Net flecelpts I Payments Transfers net 14,641 11931 20,711 193 35,352 28,013 Net movement In funds 14,448 . 20,904 35.352 28,013 Funds brought fotward 01 January 2022 46,735 124,669 23.723 195,127 167.114 Deduct non cash/bank related Endowment Funds Funds Carried lorward 31 DeGember 2022 12 61.183 145,573 23,723 230.479 195,127
Loughgall Congregation of the Presbyterian Church in Ireland Statement ol A55ets and Liabilities - Year Ended 31 Dernber 2022 Note Unrestricted Restrlctefl Endowment Funds Fund5 Funds Total 2022 Total 2021 Funds Re(onclllatlon Bank and cash at start ofyear 46,735 124,669 23,723 195.127 167.114 Net ¥novement in funds 14,448 20,904 35,352 28,013 gank & cash at end of year 61.183 145,573 23,723 230,479 195,127 Bank & Cash Balances Ulster Bank Investment Fund Bank CurrentAccounts Cash in Hand 23,723 23,723 206.S02 254 23,723 170.953 451 6LI83 145,319 254 Total 61,183 145,573 23,723 230,479 195,117 Other Assets Flxed Assets Ic 2,425,550 L733,574 Investments li 6.581 S,938 Approved by the trustee5 on 1210412Q23 nd si8ned on Its behalf by: Chair PhS1ip McKelvey Trustee John Be885 Date.. 1210412023 Date., 1210412023
Loughgall Coftgregation of the Presbyterlan Church In Ireland Notes to the Accounts - Year Ended 31st Dember 2022 ACCOUNTING POLICIES BAS15 OF FINANCIAL STATEMENT5 As the total income of the eongre8ètion Is less thèn £250.CrfJQ the congregation have elected In accordance wlth the prov15ions In The Charitles IAccounts and Reports Re8ulatlons (Northern Ireland) 2015 to prepare Its accounts on a recelpts nd payments basls. FUNDACCOUNTING Endr)wment funds are funds, the capitsl of whlch must be retalned elther permanently or at tho con8re8ation's di5cretion,' the income derived from the endowment is to be used elther as restricted or unrestrlcted income funds depending upon the purpose for which the endowment was established in the first place. Re5trirted fund5 comprise la} Income from endowments whlch is to be expended only on the restrlcted purposes Intended by the donor and Ibl revenue donatlons or grants for a specific congregational actlvity intended by the donor. Where these funds h3ve unsppnt balance5, interest on their pooled investment 1$ èpportioned to the individual funds on an average balance basis. Unrestrltted funds are Income funds whlth are to be spent on the CDn8re8?tlon's general purposes. Desl8nated funds ar8 8eneral funds set aside by the con8re8atlon for use In the future. RECEIPT5 2. DONATIONS & LEGACIES Unrestricted Restrlcted Endowment Funds Fund5 Fvnds Total 2022 Total 2021 Loose collectlons Donations & g1ft5 Gift Aid Le8acles & bequest 1,560 35.642 5,335 3,203 85,747 12,352 2,118 82,089 12,620 50, 105 7,017 58,765 42,537 101,302 96,827
Loughgall Congregatlon of the Presbyterian Church in Ireland Notes to the Accounts - Year Ended 31st December Z022 3. CHARITABLE ACTIVITIES Unrestrlrted Restricted Endowment Funds Funds Funds Total 2022 Total 2021 In¢ome from charitable activity '. Income from Weddin85 & Funerals Fundraising events Membershlp fees Grants From organlsatlons for Iiiht, heat and Insurance 790 670 640 2,582 790 670 640 2,582 765 560 878 750 8,844 480 765 765 4,682 5,447 11,512 4. OTHER TRADING ACTIVITIES Unrestrltted Restricted Endowment Fund5 Funds Funds Total 2022 Total 2021 Letting of PremSses Tradln8 Income 5. INVESTMENT INCOME Unrestricted Restrlcted Endowrnent Filnds Funds Funds Totèl 2022 Total 2021 Deposlt Interest General Investment Fund Other Investment incomE 158 21 236 175 333 21 236 139 21 236 415 175 590 396 6. OTHER INCOME Unrestricted Re5trlcted Endowment Funds Funds Funds Total 2022 Total 2021 PW outlng Bank compeTrsotion BBQ Income Summer scheme Use of hall Literature and study notes NIE pole rent Tartara8han Sha of expen5e5 322 322 350 835 L131 50 350 40 795 L131 50 43 667 43 667 42 693 1,100 2,298 3.398 925
LouEhgall Congregatlon of the Presbyterlan Church in Ireland Notes to the Accounts - Year Ended 315t December 2022 PAYMENTS 7. RAISING FUNDS Unrestrlcted Restricted Endowrnent Funds Funds Funds Total 2022 Total 2021 FWO envelopes Fundraislng Events 520 520 122 656 32 122 520 122 642 8. CHARITABLE AcfiviTES Unrestricted Restrlcted Endowment Funds Funds Funds Total 2022 Total 2021 General Assembly Assessments & Payments Presbytery Fees Minlstry & support Staff Runnlng expenses Donations to M1s51oD51Charltles Governance costs 4,579 362 28,333 11,896 4,579 362 28,333 18,037 21,677 714 4,492 359 27,302 17,040 25,106 660 6,141 21,677 714 45,884 27,818 73,702 74.959 9. OTHER EXPENDITURE Unrestrlcted Restrlcted Endowment Fund5 Fund5 Funds Total 2022 Total 2021 Summer Scheme Expenses 1,041 1,041 6,000 1,041 1,041 6.000 10. FIXED ASSETS The con8regatlan owns the Chureh prernises, Jltuated at cloveneden Road and Tirmacrartrnon Aoad. Lou&h8all, tOBether wlth the associated fixtilTes, fittirtg5. plant and machinery. These have an insurance value ot £1,999,156. The church also own5 the mans? currently occupied by OUT thini5ter WTth an insurance value of £4Z6.394.
Loughgall Congregation of the Presbyterian Church in Ireland N•xes to the Accounts - Year Ended 31st De¢embtr 2022 11. INVESTMENTS The con8re8atlon has the followln8 investments. Amounts are shown ai market valuation. Endowment Fund5 Total 2022 Tot41 2021 Generél Investment Fund HSBC shares 965 S,616 965 5.616 LQ52 4,886 6,581 6.581 5,938 12. FUND BALANCES Balance at start Receipts Payment5 Surplusl IDeftcitl Transfer5 nett Balance at end Unre$rrf¢ted Funds General 46,735 61,045 46,404 14,641 [1931 61,183 46,735 61,045 46.404 14,641 (1931 61,183 Restrlrted Funds Property Fund Development Fund aoveneden Sunday School & Blble Class Xlnnego Sunday School Misslonaryfund Yovth Club Presbyterian Women Junlor Christlan Endeavour Campaigners Church Camp United Appèal Other Charlties 41,698 66,613 633 3,441 800 2,125 4,607 2,563 1,815 374 13,505 10,119 989 1,043 12,462 10,119 267 1,294 14131 506 12851 ios 306 240 54,160 76,733 900 2,188 427 2.649 4,342 2,492 L549 134 722 1,682 8,488 676 1,911 205 4,273 240 4,478 5,263 41 8,075 1,182 1,626 loo 3,967 18 20 34 40 4,478 5,263 124,669 49,692 28,981 20,711 193 145,573 Endowment Funds Endowment fund 23,723 23,723 23,723 23,723 Total Fynds 195,127 110,737 75,385 35,352 230,479