Hyde Park Presbyterian Church Period end date 3111212022 Soctlon B Statement of assets and Ilabllities at Iho end of the perlod Unrestri Restricted Endowme cted funds nt funds funds NIC 105016 Total funds Last year es Details Bl Cash funds 47,553 33,399 80,952 50,970 Total cash funds 47,553 OK 33,399 OK 80,952 OK 50,970 OK I receipls an(1 payrnents aGcounllsll OK Unrestrf cted funds Restricted funds Endowme nt funds Total funds Last year Details B2 Other monetary a55ets Total Memo Entries Onl Fund to which asset belon95 Bequests, Gifts and Investmen ts Fund Cost loptionall Current value Dctails Investment Fund loptlonall Last year 86,338 B3 Investmen t assets 79,240 Total C05t optional Current value 3,033,406 Details Church premises situated at Hyde Park Road and the associated fixtLsres, fittings, plant and machrnery are owned by the congregation. Fund Last year 3,033,406 84 Assets retalned for the charity's own use Property Fund Total Fund to which When due loptionall A￿O￿nt due loptionall Dptail Interest free Loans from Congregation Property renovation relates Last year 6.000 B5 Liabilities Total Signature Print Name Dale of roval R Hendren nas Alexander Signed by one or two Iruslees on behalf of all the Iruslees Hyde Park Congregation of the Presbyterian Church in Ireland Notes to the Accounts for Year ended 31sr December 2022 I. ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,000 the congregation has elected in accordance with the provisions in The Charities (Accounts and Reports regulations (Northern Ire13ndll 2015 to prepare it5 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 fund5 depending upon the purpose for which the endowment was established in the f ir5t place. Restricted funds comprise lal income from endowments which is to be expended only on the restricted purposes intended by the donor and Ibl revenue donations or grant5 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 f unds are income funds which are to be spent on the congregation's general purposes. Designated funds are general f unds set aside by the congregation for use in the future. The congregation has reviewed the basis on which it prepares its accounts and in order that these are prepared on a strict receipts and payments basis it has eliminated from its f und balances any funds which are not held in bank or cash balances. Any other funds which the congregation holds, in particular investments, are disclosed on the Statement of A55ets and Liabilities. Hyde Park Presbyterian Church - Note5 to accounts 2 INCOME Unrestricted Fund5 2022 Restricted Funds 2022 Endown Funds 2022 Total Funds 2022 Total Funds 2021 Donations Recorded giving.. Loose collections Donations & Gifts Bequest 30,665 1,664 28,000 4,989 35,654 1,664 28,000 54,415 500 21,787 Gift Aid Fund Raising 10,610 65 1,088 11,698 65 10,442 186 Sub total Dons & Legacies 6,077 Charitable Artivities United Appeal Other Appeals Sub Total Charitable Acti 1,899 2,021 3,920 1,899 2,021 1,197 145 Organisations Income to Organisations 5,997 5,997 2,372 Insurance Claim Car park Wall Gift for departing Minister Pulpit Supplv 2,000 1,500 2,000 1,500 iio Total 71,004 19,494 90,498 91,154 3 EXPENDITURE Unrestricted Funds 2022 Restricted Funds 2022 Endown Funds 2022 Tot31 Funds 2022 Total Funds 2021 Congregation Running Costs Gift for departing Minister Congregation Running Costs Presbytery Fees Sub Total Cong Costs Loan Repayment General Assembly Assessments 1,500 14,787 I,soo 20,566 804 5,779 804 6,S83 32550 788 6,000 4,979 4,979 11099 Ministry & Support Staff Costs 24,008 24,008 37252 Donation5 to Mission/Charities 3,922 3,922 1,342 Organisation Costs Total 5,811 32,020 5,811 67,590 1,048 84,079 35,570 Hyde Park Congregation of the Presbyterian Church in Ireland Notes to the Account5 for Year ended 31, December 2022 4 FIXED ASSETS The congregation owns the Church premises situated at Hyde Park Road, Mallusk and the associated fixtures, fittings, plant and machinery. These had an insurance value of £3,033,406 at the last renewal date. 5 INVESTMENTS The congregation has the following investments. Amounts are shown at market value. 2022 2021 General investment fund 79240 86,338 6 LIABILITIES Loans totalling £6,000 from members within the conEreEation were repaid during 2022. There are no Current Liabilities. 7 OTHER Damage to an external wall caused by a car accident during the year ended 31, December 2022 was repaired at a cost of £2.000. The cost was covered by an insurance claim. 8 FUND BALANCES Fund Balance at Receipts Payment 5urplus1 Transfer Balance Start (Deficit) at end UNRESTRICTED CASH 11,121 71,004 35,570 35,434 999 47,554 RESTRICTED CASH 46,924 19,494 32020 112,5261 -19991 33,399 ENDOWMENT 58,045 90,498 67,590 22,908 80,953 R HENDREN (Treasurer)