Charity No: NIC 104984 First Armagh Congregation of the Presbyterian Church in Ireland Trustee Report and Receipts and Payments Account for the year ended 31 December 2023
First Armagh Congregation of the Presbyterian Church in Ireland Independent Examinerfs Report to the Charity Trustees of First Armagh Congregation of the Presbyterian Church in Ireland I report on the accounts of the Charity for the year ended 31 December 2023. Respective responsibilities of charity trustees and examiner: As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to: examine the accounts under section 65 of the Charities Act, to follow the procedures laid down in the general directions given by the Commission under section 65(9)(b) of the Charities Act to state whether particular matters have come to my attention. Basis of independent examiner's report: I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with section 63 of the Charities Act. 2. That the accounts do not accord with those accounting records. 3. That the accounts do not comply with the accounting requirements of the Charities Act. 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and, in connection with following the directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. 28/04/2024 Date Andrew Gilpin FCCA WHR Accountants Limited Chartered Certified Accountants 56 English Street Armagh BT617LG
First Armagh Congregation of the Presbyterian Church in Ireland Statement of Receipts and Payments - Year End.ed 31 December 2023 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Receipts Voluntary Receipts.. Donations & Legacies Charitable Activities Other Trading Activities Investment Income Other 131,116 11,983 4,072 664 143,099 4,072 3,047 3,150 140,217 8,446 2,272 1,720 23,642 2,383 3,150 136,649 16,719 153,368 176,297 Sale of Investments Sales of Fixed Assets Loans Received 436,851 Total Receipts 136,649 16,719 153,368 613,148 Payments Raising Funds Charitable Activities Investment Costs Other 52,123 424 28,048 15,425 65 10,748 67,548 489 38,796 96,290 451 50,479 80,595 26,238 106,833 147,220 Purchase of Investments Purchase of Fixed Assets Loan Repayments 311,873 Total Payments 80,595 26,238 106,833 459,093 Net Receipts / Payments Transfers net 56,054 (9,519) 46,535 154,055 Net movement in funds 56,054 (9,519) 46,535 154,055 Funds brought forward 01 January 219,867 134,459 13,100 367,426 213,371 Deduct non cash/bank related Endowment Funds Funds carried forward 31 December 12 275,921 124,940 13,100 413,961 367,426
First Armagh Congregation of the Presbyterian Church in Ireland Statement of Receipts and Payments- Year Ended 31 December 2023 Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Note Funds Reconciliation Bank and cash at start of year 219,867 134,459 13,100 367,426 213,371 Net movement in funds 56,054 (9,519) 46,535 154,055 Bank & cash at end of year 275,921 124,940 13,100 413,961 367,426 Bank & Cash Balances Bank Deposits Accounts Bank Current Account Cash on Hand 71,620 342,203 138 69,416 297,871 139 Total 413,961 367,426 Other Assets Investments 11 8,529 7,821 Liabilities Loans Other Approved by the Kirk Session on 28/04/2024 and signed on its behalf by: ustee Trustee Date: 28/04/2024 Date: 28/04/2024
First Armagh Congregation of the Presbyterian Church in Ireland Statement of Receipts and Payments - Year Ended 31 December 2023 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. RECEIPTS 2. DONATIONS & LEGACIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Recorded Giving Loose collections Donations & gifts Gift Aid Legacies & Bequests 98,086 1,277 10,956 20,797 9,283 209 342 2,149 107,369 1,486 11,298 22,946 106,414 1,490 9,330 22,983 131,116 11,983 143,099 140,217 3. CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Income From Charitable Activities Fees from Weddings and Funerals Fundraising Events Membership Fees Grants Gift Aid 3,444 500 3,444 500 6,881 500 1,065 128 128 4,072 4,072 8,446
First Armagh Congregation of the Presbyterian Church in Ireland Statement of Receipts and Payments- Year Ended 31 December 2023 4. OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Letting of Premises Other 2,383 2,383 664 1,708 564 664 2,383 664 3,047 2,272 5. INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Deposit Interest General Investment Fund Rents Investment Properties Other Investment Income 2,984 166 2,984 166 1,547 173 3,150 3,150 1,720 6. Other Income Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Insurance Claims Other Income Transfer from General Account 10,169 13,473 23,642
First Armagh Congregation of the Presbyterian Church in Ireland Statement of Receipts and Payments- Year Ended 31 December 2023 PAYMENTS 7. RAISING FUNDS Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 FWO Envelops Fundraising Events 8. CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 General Assembly Assessments Presbytery Fees Ministry and Support Staff Costs Congregational Running Expenses Donations to Missions and Charities Governance Costs 11,834 865 18,025 21,399 11,834 865 18,025 21,399 15,425 16,869 796 42,199 17,529 18,897 15,425 52,123 15,425 67,548 96,290 9.OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Funds Total 2023 Total 2022 Repairs & Maintenance Expenses Speakers Materials Catering Supplies Transfer to General Reserve Other 26,797 26,797 100 1,914 2,443 24,744 80 707 394 13,473 11,080 100 1,914 1,192 1,251 7,542 7,542 28,048 10,748 38,796 50,478
First Armagh Congregation of the Presbyterian Church in Ireland Statement of Receipts and Payments - Year Ended 31 December 2023 10. FIXED ASSETS The Congregation owns the Church premises situated At Mall West, Armagh, the Church Hall situated at College Street, Armagh and the Manse situated at College Hill, Armagh. Together with the associated fixtures, fittings, plant and machinery these properties have insuance values as follows: Total Total 2023 2022 Church Church Hall 3,872,815 857,734 399,578 3,646,718 807,659 376,250 Manse 5,130,127 4,830,627 11. INVESTMENTS Total 2023 Total 2022 Note General Investment Fund Property Other Investments 8,529 7,821 8,529 7,821
First Armagh Congregation of the Presbyterian Church in Ireland Statement of Receipts and Payments- Year Ended 31 December 2023 12. FUND BALANCES Balance at start Receipts Payments Surplus/ (Deficit) Transfers nett Balance at end Unrestricted Funds General Account General Account- Investments Reserve Account 14,733 890 204,244 106,031 58,282 47,749 (51,491) 444 51,047 10,991 1,334 263,596 30,618 22,313 8,305 219,867 136,649 80,595 56,054 275,921 Restricted Funds General Account. Reserve Account Sunday School Account Sunday School Special Collections PW Account 13,876 13,876 7,175 2,679 123,520 9,187 68 1,684 (7,175) (1,551) 116,345 7,636 68 891 1,128 1,715 2,508 (793) 134,459 16,719 26,238 (9,519) 124,940 Endowment Funds General Account 13,100 13,100 13,100 13,100 Total Funds 367,426 153,368 106,833 46,535 413,961