RANDALSTOWN (OLD CONGREGATION) CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
Financial Statements For the year ended 31 December 2023
Registered Charity in Northern Ireland (NIC104930)
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RANDALSTOWN (OLD CONGREGATION) OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31st December 2023
| Unrestricted | Restricted | Endowment | ||||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | **Funds ** | **Total 2023 ** | Total 2022 | |
| £ | £ | £ | £ | £ | ||
| Receipts: | ||||||
| Donations and legacies | 2 | 93,894 | 28,804 | 500 | 123,198 | 132,325 |
| Charitable activities | 3 | 257 | 10,279 | 0 | 10,536 | 10,474 |
| Other trading activities | 4 | 0 | 0 | 0 | 0 | 0 |
| Investment Income | 5 | 2,532 | 642 | 0 | 3,174 | 1,280 |
| Other | 6 | 1,200 | 204 | 0 | 1,404 | 180 |
| Sale of investments | 97,883 0 |
39,929 0 |
500 0 |
138,312 0 |
144,259 0 |
|
| Sale of fixed assets | 0 | 0 | 0 | 0 | 0 | |
| Loans Received | 0 | 0 | 0 | 0 | 0 | |
| Total Receipts | 97,883 | 39,929 | 500 | 138,312 | 144,259 | |
| Payments | ||||||
| Raising Funds | 7 | 770 | 0 | 0 | 770 | 1,120 |
| Charitable activities | 8 | 91,983 | 52,732 | 0 | 144,715 | 135,470 |
| Investment costs | 0 | 0 | 0 | 0 | 0 | |
| Other | 9 | 27,710 | 0 | 0 | 27,710 | 0 |
| Purchase of Investments | 120,463 0 |
52,732 0 |
0 0 |
173,195 0 |
136,590 0 |
|
| Purchase of Fixed Assets | 0 | 0 | 0 | 0 | 0 | |
| Loan repayments | 0 | 0 | 0 | 0 | 0 | |
| Total Payments | 120,463 | 52,732 | 0 | 173,195 | 136,590 | |
| Net receipts /(payments) | (22,580) | (12,803) | 500 | (34,883) | 7,669 | |
| Transfers between funds | (6,156) | 6,156 | 0 | 0 | 0 | |
| Net movement in funds | (28,736) | (6,647) | 500 | (34,883) | 7,669 | |
| Fund balances brought forward | 266,597 | 70,190 | 1,852 | 338,639 | 330,970 | |
| Total funds carried forward | 12 | 237,861 | 63,543 | 2,352 | 303,756 | 338,639 |
The congregation has reviewed the basis on which it prepares its accounts and in order that these are prepared on a strict receipts and payments basis it has eliminated from its fund balances any funds which are not held in bank or cash balances. Any other funds, which the congregation holds, in particular investments, are disclosed on the Statement of Assets and Liabilities.
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RANDALSTOWN (OLD CONGREGATION) OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITES As at 31st December 2023
| Funds Reconciliation Bank and Cash at start of year Net Movement in funds Bank and Cash at end of year Bank and Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand Cash at bank and in hand Other Assets Fixed Assets-Note 10 - Church Premises (inc fixtures & fittings) - Church Manse & Contents - 108 Portglenone Road & Contents Investments - Note 11 Gift Aid receivable on donations Liabilities Loans Other |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 £ £ £ £ £ 266,597 70,190 1,852 338,639 330,970 (28,736) (6,647) 500 (34,883) 7,669 237,861 63,543 2,352 303,756 338,639 193,230 243,230 110,339 95,050 187 359 303,756 338,639 3,280,143 3,051,296 557,864 518,943 107,500 0 1,168 1,074 0 0 3,946,675 3,571,313 0 0 0 0 0 0 |
|---|---|
Approved by the Interim Kirk Session at a meeting on 30 May 2024 and signed on their behalf by:
Name: Rev George Moore Name: David Lewis Vacancy Convener Interim Clerk of Session Date: 30 May 2024 Date: 30 May 2024
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RANDALSTOWN (OLD CONGREGATION) OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31st December 2023
1. 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 (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) 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 in the future.
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2. DONATIONS AND LEGACIES
| Recorded Givings Loose Collections Donations and gifts Gift Aid Legacies and bequests 3. CHARITABLE ACTIVITIES Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 £ £ £ £ £ 75,378 18,781 0 94,159 101,404 1,930 3,199 0 5,129 1,393 818 3,568 0 4,386 9,490 13,768 3,256 0 17,024 17,538 2,000 0 500 2,500 2,500 93,894 28,804 500 123,198 132,325 Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 £ £ £ £ £ 257 3,729 0 3,986 2,156 0 625 0 625 1,900 0 0 0 0 0 0 3,935 0 3,935 2,818 0 1,990 0 1,990 3,600 257 10,279 0 10,536 10,474 |
|---|---|
4. OTHER TRADING ACTIVITIES
| Letting of premises Trading income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 £ £ £ £ £ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
|---|---|
5. INVESTMENT INCOME
| Deposit Interest General Investment Fund Rents investment properties Other investment income 6. OTHER INCOME Insurance claims Other income |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 £ £ £ £ £ 2,526 642 0 3,168 1,275 0 0 0 0 0 0 0 0 0 0 6 0 0 6 5 2,532 642 0 3,174 1,280 Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 £ £ £ £ £ 0 0 0 0 0 1,200 204 0 1,404 180 1,200 204 0 1,404 180 |
|---|---|
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RANDALSTOWN (OLD CONGREGATION) CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31st December 2023
7. RAISING FUNDS
| FWO Envelopes Fundraising events 8. CHARITABLE ACTIVITIES General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs Total 9. OTHER EXPENDITURE Investment properties expenses |
Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 £ £ £ £ £ 770 0 0 770 1,120 0 0 0 0 0 770 0 0 770 1,120 Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 £ £ £ £ £ 9,532 0 0 9,532 14,660 1,270 0 0 1,270 1,245 38,613 0 0 38,613 46,423 29,694 37,499 0 67,193 47,902 11,204 15,233 0 26,437 23,794 1,670 0 0 1,670 1,446 91,983 52,732 0 144,715 135,470 Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 £ £ £ £ £ 27,710 0 0 27,710 0 27,710 0 0 27,710 0 |
|---|---|
10. FIXED ASSETS
The congregation owns the Church and associatied buildings situated at 4 Portglenone Road, Randalstown, 108 Portglenone Road, Randalstown, the Church Manse at 82 Portglenone Road, Randalstown and the associated fixt fittings, plant and machinery. These have an insurance value of £3,945,507.
11. INVESTMENTS
The congregation has the following investments. Amounts are shown at market value
| General Investment Fund Property Other investments |
2023 2022 1,053 965 115 0 0 109 1168 1074 |
|---|---|
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RANDALSTOWN (OLD CONGREGATION) OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account)
for year ended 31st December 2023
12. FUND BALANCES
| Fund Unrestricted Funds General Fund Restricted Funds Dr M McFadden War Stock Gen Inv Income Fund General Appeals Graveyard Fund L & E Reid Gen Inv Income Fund MISSION Moderator's Appeal Nimmons Ministers Inv Income Fund Orphan Society PROPERTY Property Improvement Fund Religious and Charitable payments Robinson War Stock Gen Inv Income Fund Robinson War Stock Ministers Inv Income Fund Student's Bursary Fund Sunday School Tearfund United Appeal W J Rainey S/School Inv Income Fund World Development Youth Fellowship Fund Sunday School Account Bowling Club Account OC Youth Club Account OC Friendship Hour Account First Randalstown Boys' Brigade Account Randalstown Girls' Brigade Account PW Account Helping Hands Account Randalstown Parent & Toddler Group OC Choir Account OC Youth Fellowship Endowment Funds Dr M McFadden War Stock Gen End Fund Graveyard Endowment Fund L & E Reid Gen End Fund McClenaghan Missions End Fund Nimmons Ministers End Fund Robinson War Stock General End Fund Robinson War Stock Ministers End Fund W J Rainey S/School End Fund Total |
Balance at start Receipts Payments Surplus / (Deficit) Transfer Balance at end £ £ £ £ £ 266,597 97,883 120,463 (22,580) (6,156) 237,861 266,597 97,883 120,463 (22,580) (6,156) 237,861 152 16 0 16 0 168 450 976 976 0 0 450 14,283 625 0 625 0 14,908 73 11 0 11 0 84 21,353 539 0 539 0 21,892 146 0 0 0 0 146 6 5 0 5 0 11 379 1,219 500 719 0 1,098 21,121 10,285 25,949 (15,664) 5,000 10,457 0 0 0 0 0 0 0 0 0 0 0 0 20 2 0 2 0 22 22 6 0 6 0 28 45 0 0 0 0 45 1,837 612 0 612 0 2,449 10 752 1,000 (248) 238 0 627 10,950 10,954 (4) 0 623 6 5 0 5 0 11 701 1,199 500 699 0 1,400 290 0 0 0 0 290 800 40 230 (190) 0 610 1,388 3,090 2,313 777 (600) 1,565 48 0 0 0 0 48 1,398 1,111 1,439 (328) 0 1,070 2,239 4,174 3,122 1,052 759 4,050 957 2,962 3,647 (685) 759 1,031 1,027 1,211 1,488 (277) 0 750 189 137 307 (170) 0 19 175 0 90 (90) 0 85 416 0 183 (183) 0 233 32 2 34 (32) 0 0 70,190 39,929 52,732 (12,803) 6,156 63,543 758 0 0 0 0 758 0 500 0 500 0 500 386 0 0 0 0 386 0 0 0 0 0 0 154 0 0 0 0 154 100 0 0 0 0 100 300 0 0 0 0 300 154 0 0 0 0 154 1,852 500 0 500 0 2,352 338,639 138,312 173,195 (34,883) (0) 303,756 |
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