CRAIGY HILL PRESBYTERIAN CHURCH A Congregatlon of The Presbyterian Church in Ireland RECEIPTS AND PAYMENTS STATEMENT For the year ended 31 December 2023 Receipts: Donations and Legacies Charitable Activities Other Trading Activities Investment Incorne Other 114,244 1,970 40,291 11,041 154,535 13,011 190,024 11,790 360 102 87 549 2,540 290 212 2,540 Total 119,114 51,434 87 170,635 202.316 Payments: Raising Funds Charitable Activities other Expenditure -758 -121,852 -282 -758 ~920 -1,877 -151,016 -176,103 -342 -1,670 -283 -27,004 -60 SubTotal -122,892 -283 -27,064 -1,877 -152,116 -178,693 Asset & Investment Purchase5 Purchase of Fixed Assets -7,705 Total Payment5 -122,892 -283 -27,064 -1,877 -152,116 -186,398 Net Receipts/ {Paymentsl Transfers between Funds Funds Brought Forward -3,778 1,472 56,981 -283 24,370 -1,472 23,308 -1,790 18,519 15,918 1,411 25,585 107,285 91,367 Funds Carried Forward io 54.675 1,128 46,206 23,795 125,804 107,285 Page116 CRAIGY HILL PRESBYTERIAN CHURCH A Congregatlon of The Presbyterian Church In Ireland STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2023 Bank & Cash Balances Bank Current Accounts Cash in Hand 54,675 1,128 45,281 925 23,795 124,879 925 105,001 2,284 54,675 1,128 46,206 23,795 125,804 107,285 Other Assets Fixed Assets Investments Gift Aid receivable on donations li 12 4,468,694 4,156194) 5,034 5,140 4,473,728 4,162,065 Liabllitles Utilities Obligations to Charitable Donations Independent Examiner Fees 2,685 2,208 780 934 3,117 600 5,673 4,652 Approved by the Kirk Session at a meeting on 8, April 2024 and signed on its behalf by Mr. John Dundee Clerk of Session Date.. 8, April 2024 Page | 17 CRAIGY HILL PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS 31 December 2023 DONATIONS AND LEGACIES Recorded giving: Loose collections Envelopes, standing orders, special collections etc Gift Aid Legacies and bequest 1,681 98,980 297 34,481 1,978 133,461 1,264 156,409 13,583 5,513 19,096 22,646 9,705 114,244 40,291 154,535 190,024 CHARITABLE ACTIVITIES Organisations Fees from Weddings & Funerals 11,041 11,041 1,970 11,240 550 1,970 1,970 11,041 13,011 11,790 Page | 18 CRAIGY HILL PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS 31 December 2023 OTHER TRADING ACTIVITIES Letting of Premises Trade Income INVESTMENT INCOME Bank Interest received 360 102 87 549 290 360 102 87 549 296 Page | 19 CRAIGY HILL PRESBYTERIAN CHURCH A Congregatlon of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS 31 December 2023 OTHER INCOME Insurance Claims Sundry 2,540 2,540 212 2,540 2,540 212 RAISING FUNDS FWO Envelopes -758 -758 -920 -758 -758 -920 Page | 20 CRAIGY HILL PRESBYTERIAN CHURCH A Congregation of The Presbyterlan Church in Ireland NOTES TO THE ACCOUNTS 31 December 2023 CHARITABLE ACTIVITIES Ministry, Pulpit supply & Staff costs Donations to Mission5 & Charitie5 General Assembly Assessments Presbytery Fees Building Repairs & Maintenance Utilities & Insurance costs Administration costs Outreach Organisations, Expenses Sundry Expenses -70,984 -1,000 -20,482 -802 -9,027 -16,166 -2,224 -90 -70,984 -16,361 -20,482 -802 -9,308 -16,166 -2,224 -831 -12,781 -1,077 -59,662 -35,538 -20,728 -771 -31,271 -13,554 -3,007 -714 -8,267 -2,591 -283 -14,078 ~I,000 -281 -145 -12,781 -596 -1,077 -121,852 -283 -27,004 -1,877 -151,016 -176,103 OTHER EXPENDITURE Bank Fees & Loan Interest Other -282 -60 -342 -1,460 -210 -282 -60 -342 -2,786 Page121 CRAIGY HILL PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS 31 December 2023 io. FUND BALANCES AND RECONCILIATION OF FUNDS Balance Recei at start ￿tS Net Transfers Balance At end Pa ments Unrestricted Funds General Fund Oesignated Mission Support Fund 56,981 1,411 119,114 -122,892 -283 1,472 54,675 1,128 Total Unrestricted Funds 58,392 119,114 -123,175 1,472 55,803 Restricted Funds Building & Improvements United Appeal & other Missions PCI Students Bursary PCI Youth Projects other Missions Presbyterian Children's Society Christian Service Fund PCI Overseas BB GB Bowling Club Women's Zone Mums & Tots Youth Work Sunday School Ladies Fellowship 4,341 3,117 27.713 11,783 529 257 loo 32,054 2,208 -11,692 -529 ~I,000 -257 -100 -iooo iooo 563 563 -257 -6,222 -5,933 -31 -350 -460 -220 -185 -85 257 -454 82 -100 -500 -500 10,544 1,796 433 412 379 1,254 344 125 3,205 5,412 loo 459 664 I,iio 7,073 1,357 402 21 83 2,144 159 142 102 Total Restrlcted Fund5 23,308 51,434 -27,064 -1,472 46,206 Endowments Bequests & Endowments 25,585 87 -1,877 23,795 25,585 87 -1,877 23,795 TOTAL FUNDS 107,285 170,635 -152,116 125,804 The movement of £1,472 from the Restricted Fund to the Unrestricted Fund reflects transfers between church organi5ations and the general fund, largely contribution5 towards heat & light costs of the hall. Page | 22 CRAIGY HILL PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland NOTES TO THE ACCOUNTS 31 December 2023 11. FIXED ASSETS The congregation owns the church premises situated at Churchill Road, Larne. At the last renewal date the church and contents had an insurance value of £2, 164,071 and the church hall and contents had an insurance value of £1,777,600. The congregation also owns the manse situated at 22 Brustin Brae Road, Larne and this property had an insurance value of £527,023 at the last renewal date. 12. RELATED PARTY TRANSACTIONS Disclosed below are the payment5 made to related parties during the year ended 31 December 2023.. Name of Related Party David Fulton Reason Gross Salary 3,402 David Fulton received remuneration for his role as Praise Coordinator and not in his capacity as a trustee. The congregation paid £38,206 in respect of annual stipend, £6,701 in respect of ministerial expenses and £9,049 in respect of pension contributions for Rev. Ben. Preston. The congregation paid Presbytery fee5 of £801.84 to the Presbytery of Carrickfergus during the year. The congregation also made the following contributions to the Presbyterian Church in Ireland during the year: United Appeal PCI Student Bursary PCI Overseas Presbyterian Children's Society 9,575 529 257 1,000 13. VOLUNTEERS The work and support of members of the congregation as volunteers is vital to the operation, mission and outreach of the congregation. Volunteers undertake many role including encouraging prayer, serving within their local communities, administration tasks and serving in organisations under the control of Kirk Session. Page123