CLARE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023
| Note | Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Receipts Donations and legacies Charitable activities Other trading activities Investment Income |
2 3 4 5 6 |
44413 0 0 250 470 |
56985 15290 0 14243 0 |
0 0 0 160 0 |
101398 15290 0 14653 470 |
129809 10213 0 18087 1560 |
| Other | - -------- | ------- | -------- | --------- | --------- | |
| Sale of Investments Sale of Fixed Assets LoansReceived |
0 0 0 |
0 0 |
0 0 0 |
0 0 0 |
0 0 0 |
|
| Total Receipts Payments |
45133 | 86518 | 160 | 131811 |
159669 | |
| Raising funds Charitable activities Investment costs Other |
7 8 9 |
191 431372 0 |
0 96836 0 |
0 0 |
191 0 528208 |
227 306162 0 |
| Purchase of Investments | ||||||
| Purchase of fixed assets | ||||||
| Loan Repayment | 0 | 0 | 0 |
0 | ||
| Total Repayments | 431563 | 96836 | 0 | 528399 | 306389 | |
| Net receipts/payments | ||||||
| Transfers between fund | (386430) | (10318) | 160 | (396588) | (146720) | |
| Net movement in funds | 378355 | (378355) | 0 | 0 | 0 | |
| Funds brought forward | (8075) | (388673) | 160 | (396588) | (146720) | |
| 44152 | 51404 | 20151 | 115707 | 262427 | ||
| 36077 | (337269) | 20311 | (280881) | 115707 |
Funds carried forward
10
an ASSETSAND UA81UTIES As at 31 Dern 20Z3 Total Fund5 Funds 2022 Funds Rec(MKSllatlon Bank Bank & Cash at start of year Net movnt in funds 44152 (8075) 51404 (3873) 20151 160 115707 262427 (396588) (146no) Bank and Cash at end of year 36077 (337269) 20311 (zThi) 115707 20311 20151 (301192) 95556 Bank Current Accounts Fued Assets - Church Premises at 8 & 9 Oare Road. - Tan(tragee BT62 2EY - FD(tures. FIttI & Equipment Inv&tments Gift Aid receivable on (kjnations 21293 163 - Investment Properties at - 10 & 31 Oare Road Tandragee - 8 knes of WicUlra1 Land 21293 163 liabuttfes Loans Approved by the Kirk session at a meeti1 on 14th •Aay 2024 and syed on its behaff by 14th May 2024 14th PAay 2024 11
CLARE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 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.
2. DONATIONS AND LEGACIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Recorded giving: | 32817 | 40357 | 0 |
73174 | 96297 |
| Loose collections | 3609 | 3517 | 0 | 7126 | 5493 |
| Donations and gifts | 0 | 4711 | 0 | 4711 |
5591 |
| Gift Aid | 7987 | 8400 | 0 |
16387 | 22428 |
| Legacies and bequest | 0 | 0 | 0 | 0 | 0 |
| 44413 | 56985 | 0 | 101398 | 129809 |
12
CLARE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS
31 December 2023
3. CHARITABLE ACTIVITIES
| 3. CHARITABLE ACTIVITIES |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Income from charitable activities | 0 | 3050 | 0 | 3050 | 3993 |
| Fees from weddings and funerals | 0 | 40 | 0 | 40 | 1280 |
| Fundraising events | 0 | 6110 | 0 | 6110 | 2811 |
| Membership fees | 0 | 1190 | 0 | 1190 | 329 |
| Grants | 0 | 4900 | 0 | 4900 | 1800 |
| 0 | 15290 | 0 | 15290 | 10213 | |
| 4. OTHER TRADING ACTIVITIES |
|||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Letting of premises | 0 | 0 | 0 | 0 | 0 |
| Trading income | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 |
5. INVESTMENT INCOME
| 5. INVESTMENT INCOME |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Deposit interest | 183 | 170 | 160 |
513 | 642 |
| General Investment Fund | 0 | 0 | 0 |
0 | 0 |
| Rents investment properties | 0 | 14073 | 0 |
14073 | 17288 |
| Other investment income | 67 | 0 | 0 |
67 | 157 |
| 250 | 14243 | 160 | 14653 | 18087 |
13
CLARE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023
6. OTHER INCOME
| 6. OTHER INCOME |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Insurance claims | 0 | 0 | 0 | 0 | 0 |
| Other income | 470 | 0 | 0 | 470 | 1560 |
| 470 | 0 | 0 | 470 | 1560 | |
| 7. RAISING FUNDS |
|||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| FWO envelopes | 191 | 0 | 0 | 191 | 227 |
| Fundraising events | 0 | 0 | 0 | 0 | 0 |
| 191 | 0 | 0 | 191 | 227 | |
| 8. CHARITABLE ACTIVITIES |
|||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| General Assembly Assessments Presbytery fees Ministry and support staff costs |
208 10282 11983 |
0 0 0 |
0 0 0 |
11983 208 10282 |
7485 192 10958 |
| Congregational running expenses | 408899 | 82833 | 0 |
491732 | 271187 |
| Donations to Missions and | 0 | 13860 | 0 | 13860 | 16340 |
| charities | 0 | 143 | 0 | 143 | 0 |
| Governance costs | |||||
| 431372 | 96836 | 0 | 528208 | 306162 |
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CLARE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023
9. OTHER EXPENDITURE
Investment properties expenses
| Unrestricted | Restricted | Endowment | Total | Total |
|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 |
| £ | £ | £ | £ | £ |
| 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 |
10. FIXED ASSETS
The congregation owns the Church premises situated at 8 & 9 Clare Road,Tandragee BT62 2EY and the associated fixtures, fittings, plant and machinery.
11. INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation.
| 2023 | 2022 |
|---|---|
| £ | £ |
Properties at 10 & 31 Clare Road, Tandragee, BT62 2EY and 8 acres of agricultural land.
N/A N/A
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CLARE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023
12. FUND BALANCES
| Fund | Balance | Receipts | Payment | Payment | Payment | Surplus / | Transfer | Balance |
|---|---|---|---|---|---|---|---|---|
| at start | (Deficit) | at end | ||||||
| £ | £ | £ | £ | £ | £ | |||
| Unrestricted Funds | ||||||||
| 44152 | 45133 | 431563 | (386430) | 378355 | 36077 | |||
| General Fund | --------- | -------- |
-------- | --------- |
------- | --------- | ||
| 44152 | 45133 | 431563 (386430) |
378355 |
36077 |
||||
| Restricted Funds | ||||||||
| Renovation Fund | 17934 | 43366 | 66976 | (23610) | 13500 | 7824 | ||
| Building Fund | 13193 | 24779 | 9600 | 15179 | (393108) | (364736) | ||
| Missions General | 2193 | 4958 | 0 | 4958 | (4918) | 2233 | ||
| Dillon Bequest | 2992 | 16 | 15 | 1 | 0 | 2993 | ||
| Presbyterian Women | 5242 | 3232 | 3647 | (415) | 4827 | |||
| Missions | 0 | 0 | 4918 | 0 | 4918 | 0 | ||
| Sunday School | 408 | 1576 | 2269 | (693) | 1002 | 717 | ||
| Bowling Club | 771 | 530 | 627 | (97) | 0 |
674 | ||
| Girl`s Brigade | 6074 | 2283 | 2994 | (711) | 251 |
5614 | ||
| Badminton Club | 2597 | 3 | 15 | (12) | 2585 | |||
| 51404 | 86518 | 96836 | (10318) | (378355) | (337269) | |||
| ---------- | ----------- | ---------- | --------- | ---------- | ||||
| Endowment Funds | ||||||||
| General Fund Bequests | 6464 | 0 | 0 | 0 | 0 | 6464 | ||
| Repair Fund Bequests | 4643 | 0 | 0 | 0 | 0 | 4643 | ||
| Renovation Fund Bequests | 4000 | 0 | 0 | 0 | 0 | 4000 | ||
| McClelland Bequest | 5044 | 160 | 0 |
160 | 0 | 5204 | ||
| -------- | -------- | -------- | -------- |
------- | ------- | |||
| 20151 | 160 | 0 | 160 | 20311 |
16