Loughgall Congregatlon of the Presbyterlan Church in Ireland
Statement of Recelpts and Payments- Year Ended 3tst December 2023
Note
Unrestrlcted Restrlrted Endowment
Funds
Funds
Funds
Total
2023
Tot31
2022
Recelpts
Donations & Le8acies
Charitable Activities
Other tradin8 activitles
Investment income
Other Income
61,169
2.586
53,051
9.322
114,260
11,908
101,302
5,447
2,139
6.164
1,217
7,508
3,356
13,672
590
3,398
Total Receipts
72.058
71.138
143,196
110.737
Payments
RaisSng Funds
Charitable Activities
Investment Cost
Other
560
77.781
642
73,702
40.610
37,171
3.609
1,041
Total Payments
41.170
40.780
81.950
75,385
Net Recelpts / Payments
Transfers net
30,888
12071
30,358
207
61.246
35.352
Net movement In funds
30.681
30.565
61,246
35,352
Funds brought forward 01 January 2023
61,183
145.573
23,723
230,479
195,127
Deduct non cashlbank related Endowment Funds
Funds carrled forward 31 December 2023
12
91.864
176.138
23.723
291,725
230,479

Loughgall Congregation of the Presbyterfan Church In Ireland
Statement of Assets and Llabilities - Year Ended 31 December 2023
Note
Unrestricted Restrlcted Endowment
Funds
Funds
Funds
Total
2023
Total
2022
Funds Recon¢lllatlon
Bank and cash at start ofyear
61.183
145,5T3
23.723
230.479
195,127
Net movement in funds
30,681
30,565
61,246
35,352
Bank & cash at end of year
91.864
176,138
23,723
291,725
230,479
Ballk & Cash Balances
Ulster Bank Inveslment Fund
Bank Current Accounts
Cash In Hand
23,723
23,723
267,826
176
23,723
206,502
254
91,864
175.962
176
Totsl
91.864
176,138
23,723
291.725
230,479
Other Assets
Fixed Assets
io
2.607,466 2.425,550
Investments
li
7,973
6,581
Approved by the Klrk Se551on on
20th May 2024
and slgned on Its behalf by..
Chalr
Alastair M¢Neely
Trustee
John Beg8S
20th M 2024
Date:
20th May 2024

Loughgall Congregatlon of the Presbyterian Church in Ireland
Notes to the Accounts- Year Ended 31st December 2023
ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total Income of the congregatlon Is less than £250,(KJO the congregation have elected In accordance with the
provlslons In The Charities {Accounts and Reports Regulatlons (Northern Irelandl 2015 to prepare it5 accounts on a receipts
and payments basls.
FUND ACCOUNTING
Endowment funds are funds, the capltal of whlch must be retalned elther permanently or at the congregation's discretlon;
the income derNed from the endowment is to be used either a5 restrirted or unrestrirted income funds depending upon the
purpose for whlth the endowment was established In the first place.
Restrfcted funds comprlse {al income from endowments which 15 to be expended only on the restricted purposes intended
by the donor and Ibl revenue donations or grants for a speclfic congregational actlvtty Intended by the donor. Where these
funds have unspent balances, interest on thelr pooled Investment 55 apportloned to the Indlvldual funds on an average
balance basis.
Unrestrlrted funds are Income funds whlch are to be spent on the congregatlon's general purposes.
Deslgnated funds are general funds set aside by the congregatlon for use in the future.
RECEIPTS
2. DONATIONS & LEGACIES
Unrestrlded Re5tr1rted Endowment
Funds
Funds
Funds
Totsl
2023
Totsl
2022
Loose collections
Donations & 8ifts
Glft Ald
Legacie5 & bequest
2.192
51,783
7.194
2,057
45,291
5.743
4,249
97.074
12.937
3.203
85,747
12.352
61,169
53,091
114.260
101.302

Loughgall Congregatlon of the Presbyterlan Church In Ireland
Notes to the Accounts - Year Ended 315t December 2023
3. CHARITABLE AcfiviTIES
Unre5trirted Restricted Endowment
Funds
Fund5
Funds
Total
2023
Total
2022
Income from charltable a¢tivity:
Income from Weddlngs & Funerals
Fundraising events
Membership fee5
Grants
From organlsations for lighL heat and Insurance
5.309
420
5,309
420
790
670
640
2,582
765
2.906
2,906
2,586
2,586
2.586
9,322
11,908
5,447
4. OTHER TRADING AcfiviTIES
Unrestricted Restricted Endowment
Funds
Funds
Funds
Total
2023
Total
2022
Letting of Premises
Troding Income
5. INVESTMENT INCOME
Unrestrlcted Restrlcted Endowment
Funds
Fund5
Funds
Total
2023
Total
2022
Deposit interest
General Investment Fund
Other Investment Income
1656
21
462
1.217
2,873
21
462
333
21
236
2,139
1.217
3.356
590
6. OTHER INCOME
Unrestricted Restrlcted Endowment
Funds
Funds
Funds
Total
2023
Total
2022
PW outing
Bank compensation
BBQ Income
Summer scheme
Use of hall
Literature and study notes
NIE pole rent
Tartoraghan Share of expenses
Energy Bill Support Scheme
Leaving Glfts for Mlnlster
Other Income
895
322
350
835
1,131
4.103
4,103
48
4,916
1.2CNJ
48
5.519
1.200
1,350
557
43
667
603
1,350
557
50
6,164
7,508
13,672
3.398

Loughgall Congregatlon of the Presbyterlan Church In Ireland
Notes to the Accounts - Year Ended 31st December 2023
PAYMENTS
7. RAISING FUNDS
Unre5tr1cted Restricted Endowment
Funds
Funds
Funds
Total
2023
Total
2022
FWO envelopes
Fundraisln8 Events
560
560
520
122
560
560
642
. CHARITABLE AcfiviTE5
Unrestricted Restrirted Endowment
Funds
Funds
Funds
Total
2023
Total
2022
General Assembly Assessments & Payments
Presbytery Fees
Min15try & support staff
Runnlng expen5e5
Donatlons to MSsslons/Charltles
Governance costs
4,811
390
10,030
24,665
4,811
390
10.030
38.405
23,431
714
4,579
362
28,333
18,037
21,677
714
13,740
23,431
714
40.610
37,171
77,781
73,702
9. OTHER EXPENDITURE
Unrestrlcted Restrlcted Endowment
Funds
Funds
Fund5
Totsl
2023
Total
2022
Summer Scheme Expenses
3,609
1,041
3,609
3,609
1,041
10. FIXED ASSETS
The congregatlon owns the Churd) premlses, Ituated at aoveneden Road and MM￿￿annOn Road, Loughgall, together wlth the
associated fixtures, flttlngs, plant and machinery. These have an Insurance value of £2.149.092. The church also owns the Manse
cuirently octupled by our mln15ter wilh an Insurance value of £458.374.

Loughgall Congregation of the Presbyterian Church In Ireland
Notes to the Accounts- Year Ended 31st December 2023
11. INVESTMENTS
The con8regatlon has the following investments. Amounts are shown at market valuation.
Totsl
2023
Total
2022
General Investment Fund
HSBC 5hare5
1.053
6,920
965
5,616
7,973
6.581
12. FUND BALANCES
Balance
at start
Reoipts
Payments
Surplus/
(Deficltl
Transfers
nett
Balance
at end
Unre5trlcted Funds
General
61.183
72.058
41.170
30,888
{2071
91,864
61,183
72.058
41.170
30,888
12071
91,864
Restricted Funds
Property FLtnd
Development Fund
aoveneden Sunday School & Bible aass
Kinnego Sunday khool
Missionary fund
Youth Club
Presbyterian Women
Junlor Christian Endeavour
Campaigners
Church Camp
Unlted Appeal
Other Charltles
54.160
76.732
91x1
2,188
427
2.649
4.342
2.492
1.549
134
24,841
11.278
675
362
10,303
1,526
5.081
636
6.787
3.414
21,427
11,278
225
1.572
12841
986
1.291
1,088
516
75,587
88.010
675
654
183
1,681
5.657
1,438
2.118
135
1,934
10,587
2.512
3.790
1.724
6,271
38
40
18
24
34
53
4.933
4,715
4.933
4.715
145.573
71,138
40.780
30,358
207
176,138
Endowment Funds
Endowment fund
23,723
23,723
23,723
23.723
Totsl Funds
230.479
143,196
81,950
61,246
291.725