## **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 De￿rn￿ 20Z3 Total Fund5 Funds 2022 Funds Rec(MKSllatlon Bank Bank & Cash at start of year Net mov￿nt in funds 44152 (8075) 51404 (38￿73) 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 WicUl￿ra1 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| 14 ## **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 15 ## **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