LISLOONEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND TRUSTEES ANNUAL REPORT Icont'd) FINANCIAL REVIEW The congregation's main source of income is members, contributions through the Weekly Freewill Offering. There were 110 contributors during the year donating a total of £29072.40, £ 30121.00 in previous year, 2021 Total Income ofthe congregation during the year was £56,318.00, £49,813.00 in previous year 2021 Total expenditure of the congregation duringthe year was £45,547.00, £38,379.00 in previous year 2021. STATEMENT OF TRUSTEE RESPONSIBILITIES The Trustees are responsible for preparing the annual report and the financial statements of the congregation in accordance with applicable law and generally accepted accounting practice. As the congregation's total income does not exceed £250,000, the Trustees have elected under Section 64131 of the Charities Act (Northern Ireland) 208 to prepare a receipts and payment account and a statement of assets and liabilities. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the congregation's transactions and disclose with reasonable accuracy at any time its financial position. They are also responsible for safeguarding the assets of the congregation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Kirk Session at a meeting on 18th April 2023 and signed on its behalf bv IHarry Dunwoodyl Ilvan Thompsonl 1181041231 [181041231 USLOONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL Acrivirf (Receipt5 and Payments Account) for the year ended 31 December 2022 T7al Furyts Donations and legacies CharIiable actriities Other trading activities Investment Income 15 Oiher 36386 11536 47922 42889 55CO 450J 75 2304 234 283 3C 2587 393 2031 Totul Recei t5 44265 12053 S6318 49813 Pa ments riaising funds Charitable activities 250 37789 41032 3945 44977 Other 570 570 340 Totsl Payments 41032 4515 45547 38379 Net Recepils/lPaymentsl Transfers between funds Net movement flrnds Funds brought forward Funds brought forward 3233 7538 10771 11434 1-27201 2720 513 49430 10258 216738 10771 266168 10206 255963 49943 226996 276939 266168 LISLOONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022 Unrestrlcted nds Rerttlcted Funds Endowment Fund5 Total Funds 2021 Total Funds 2021 Funds Reconciliation Bank and Cash at start of year Net movement in funds 49430 513 216738 10258 266168 10771 255962 10206 Bank and Cash at end of year 49943 226996 276939 266168 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cosh in Hand 135526 91470 135526 141413 135408 130760 49943 Other Asset5 Fixed Assets- Lislooney Church Buildings, and attached Church Hall. at 24 Derryhaw Road Tynan Manse House at 9 Elm Park Road, Killylea Manse Farm,130 acres) TotalZ02Z T¢xa12021 Investment Fund £5743 6258 Liabilltles Approved by the Kirk Session at a meeting on 1810412023 and signed on its behalf by Ilvan Thompson IHarry Dunwoodyl 1181041231 1181041231 io LISLOONEY CONGREGATION OF THE PREsBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2022 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS A5 the total income of the congregation is le55 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 AccouNfiNG 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} incorne from endowments which is to be expended only on the restricted purposes intended by the donor and Ibl 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 con8regation for use in the future. DONATIONS AND LEGACIES Unrestrlaed FLtnds Remrftted Funds Endowrneni Funds Total 2022 Total 2021 Recorded giving: Loose collections Donations and gifts Gift Aid Le8acies and bequest 2g)72 2680 5803 34875 2680 4850 5390 127 36006 625 2100 6249 108 4850 883 4507 127 li LISLOONEY CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2022 CHARITABLE ACTIVITIES Unre5triaed Funds Re5trlcted Funds Endowment Funds Total Z022 Yotal 2021 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 4. OTHER TRADING ACTIVITIES Unrestr￿ed Ful￿5 Re5trirted Funds Énd¢)wmeAt Funds Total 201Z Total 2021 Letting of premises 5500 5500 4500 S. INVESTMENT INCOME Unrestrirted Funds Restricted Funds Endowment Funds Total 2021 Total ZOZI Deposit interest General Investment Fund Rents investment properties Other investment income 75 116 191 108 118 118 OTHER INCOME Unre5trlrted Funds Re5trlrted Funds EThd¢)wrnent Fund5 Total 2022 Total zozi Insurance claim5 other income 2304 283 2587 1466 12 LISLOONEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'd) 31 December 2022 RAISING FUNDS Unrestrl(ted Funds Remrlaed Funds Endowment Funds Toial Z022 Total 2021 FWO envelopes Fundraising costs 250 CHARITABLE AcfiviTIES Unrestrltted Funds Restricted Funds Endowfflent Funds Total 202Z Total 2021 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational runnlng expenses Donations to Missions and charities Governance costs 7021 7021 6948 21291 12720 21291 12720 20563 9993 3945 3945 285 OTHER EXPENDITURE Unrestrl¢ted Funds Re#rirted Funds Endowment Fund5 Total 2022 Total 2021 Repairs 570 570 340 13 LISLOONEY CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS Icont'd) 310ecember 2022 10. FUND BALANCES Fund 8#lon¢e at stort Receipts Pgyments 5yrplus/ IOefKiiJ Tr#nsl¢r 8gknce ot end 2021 or end 2022 Unre5trirted Fund5 General Fund 49430 44265 41032 513 127201 49943 49430 Restrirted Fund5 8uilding fund Graveyard account Repair alc Danske Repair alc Ulster 77775 1972 74581 60827 11652 570 11082 88857 1972 74693 77775 1972 74581 60827 112 112 60833 PWA 461 942 180 283 283 942 461 461 942 180 Bowling Club Badminton Club 19421 180 Total Restricted 216738 12053 1795 10258 226996 216738 Total Funds 266168 56318 42827 10771 12720) 276939 266168 14